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WOW! Just confirmed on Boxofficemojo... the Barbenheimer phenomenon broke thru $2 BILLION! Well, that'll be a nice highlight for the Q3 earnings call. That was some serious marketing genius going on right there.
Ref: https://www.boxofficemojo.com/year/world/?ref_=bo_nb_di_tab
Ref: https://www.movietalkies.com/news/victorious-barbenheimer-to-sail-past-the-2-billion-mark-at-the-global-box-office/
Tick Tock!
$AMC
IMO/NFA
A movie based on or from the public health dept exercise?!? "SEERS is a fictitious disease created for a public health training exercise that simulated a pandemic. A video made for the training includes a made-up news report that repeatedly states: “This is a fictional scenario.”"
Ref: https://apnews.com/article/fact-check-pandemic-seers-virus-2025-784933703300
Kinda been done already with Outbreak, Contagion, World War Z, 28 Days Later, Andromeda Strain, Quarantine, I Am Legend, The Last Man on Earth, 12 Monkeys, Death in Venice, Black Death, Masque of the Red Death, Flu, Cassandra Crossing, Infection, The Happening, Blindness, Bird Box, Carriers, Zombieland, etc. etc. etc.
Ref: https://parade.com/1149779/kimberlyzapata/best-virus-movies/
Tick Tock!
$AMC
IMO/NFA
And AMC/AA could become the heroes of the story if AMC only issued new shares at the 3-yr high mark as a standard measure. SHF/PLB/MM/TRS-B want a share? No problem! $720/ea please! Time to build in some detriment into the practice, in case the corrupt ever want to pull crap like this again...
Tick Tock!
$AMC
IMO/NFA
Funny how the "DuH ThEaTeRs ArE dEaD!" narrative dried up just like the liquidity... Hmmm
Ref: https://www.reddit.com/r/amcstock/comments/1639ekw/amc_float_also_sold_a_couple_times_please_check/
Tick Tock!
$AMC
IMO/NFA
"Evergrande Seeks to Resume Trading After Shares Were Halted in March 2022"
Ref: https://finance.yahoo.com/news/evergrande-seeks-resume-trading-shares-151616162.html
After 17 months of trying the philosophy of "It can't crash if it's suspended" and waiting til the last minute before mandatory forced delisting, they turned Evergrande's stock ticker back on (3333.hk). That was ample time for shorts to rearrange collateral from Evergrande elsewhere, but if not, watch for liquidity to dry up for any remaining holders. At open it's already down -87%. Next up is Country Garden on the watchlist.
Things are getting tighter...and the the black swans are flocking together.
With collateral(s) gone and reducing, shorts gonna bleed...just a matter of how much.
Tick Tock!
$AMC
IMO/NFA
OMG, ROFL! The short volume from last week. Remember to add a zero to the volume from 24 Aug onward to compare post split to pre split, apples to apples comparison. Someone's in trouble...
Ref: https://chartexchange.com/symbol/nyse-amc/short-volume/?tblshortvolix=0
Tick Tock!
$AMC
IMO/NFA
Day 43 on RegSHO...
Anymore it really is just another data point that we're on the right path still.
Tick Tock!
$AMC2
IMO/NFA
The only panic here is trying to get settled funds transferred into the account fast enough...
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
Day 42 on RegSHO list...
We're making a list and checking it twice...gonna find out who's naughty or nice!
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
Reminder to make Q3 numbers an even bigger record setter with National Cinema Day on Sunday 27 Aug!
Ref: https://www.yahoo.com/entertainment/national-cinema-day-returns-2023-131843739.html
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
"so is antara selling all these shares?????" Hmmmm. If so, this might be a Mudrick Capital part 2 scenario. We flew high after the dip when Mudrick dumped their entire AMC position that June, I wonder if we aren't about to see an Antara jump now. History repeating? Well ok, maybe rhyming...
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
Remember it's the one year anniversary of APE. There's bound to be basket (AMC/APE/GME) swaps to clear out yesterday and today. Forecast=DOR and last day tomorrow.
Here's a good thinking out loud post for reading enjoyment...
Ref: https://www.reddit.com/r/amcstock/comments/15xsfoj/psa_when_there_is_a_massive_drop_and_negative/
In for the long haul, no matter how long it takes, and I knew it was going to get hella choppy before the target is hit; you have your own goals/convictions though. One doesn't have to listen to the noise, just set your ignore list if desired. It's a much more peaceful trip then. If not, then you can follow the philosophy of: If you're getting more flak, you're getting closer to the target area.
Besides if the shares transfer to stronger hands we'll know by the sensitivity of the movement becoming even more volatile and jerky.
The show is just about to get good too!
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
11 million? And if the (disclosed) shorts scoop up every single one of those to close short positions they still would have another 143 Million to go. (Let alone the 210+M on loan and owed back). Hmmm.
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
Day 41 on RegSHO...
Totally blatant
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
"Antara Capital Slashes Its Stake in AMC Entertainment (APE) Stock"
Ref: https://investorplace.com/2023/08/antara-capital-slashes-its-stake-in-amc-entertainment-ape-stock/?mod=mw_quote_news
"Antara Capital is cutting its stake in AMC Preferred Equity Unit (NYSE:APE) stock. As of this writing, Anatara doesn’t own any common AMC Entertainment (NYSE:AMC) stock."
Well the suppression is making more sense now...but now the shares are in stronger hands. Hmmm.
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
Wow, this has been quite the rewatch! Free on Youtube too. Inside Job (2010 Documentary)
It sounds like more ammo and makes a stronger case for the "burn it all down and go back to when banks can't speculate with customer money" folks...
Sounds familiar too; regulators had the responsibility and accountability to act but they chose not to. But this time around the apes and the whole world are watching, exposing the dirty laundry, assigning blame, pointing fingers, and ready to pound corrupt criminals/regulators into the ground for corrupting what should have been a workable system into a house of cards. No cell, no sell; makes even more sense now. This will be an interesting week...
In case anyone hasn't seen it yet:
"US National Debt Surges $116,000,000,000 in August As Heritage Foundation Warns America Risks Reaching Point of No Return"
ref: https://dailyhodl.com/2023/08/19/us-national-debt-surges-116000000000-in-august-as-heritage-foundation-warns-america-risks-reaching-point-of-no-return/
32.7 TRILLION! Oofdah! Heh, just wait til they have to pay Apes...
We'll see how big the effect ripple out of China will be soon too...Hmmm.
Tick Tock!
$AMC $APE=$AMC2
IMO/NFA
It's about time for zero waivers, zero dark pools, and zero manipulation by mandating all trades to lit exchange. Call it a test, call it an exercise in SEC ability, call it whatever you want because if there isn't anything nefarious then nothing will happen, right? However, if there is something underhanded to all these machinations and FTDs, then it's past time to remove the corruption component from price discovery... Make it happen!
Let those that made bad choices fall by their own derisk failings and deeds. Sounds to me like the NSCC is begging for oversight, revamping, removal, and liability if they're waiving risk requirements.
Day 40 on RegSHO list...
If they aren't going to follow the rules why would anyone expect Apes to?
Tick Tock!
$AMC $APE=$AMC2
IMO/NFA
Judge Zurn decisions out this afternoon. Motions for Reargument, Interlocutory Appeal, and Reinstate Status Quo ALL DENIED!
Ref: www.docketalarm.com/cases/Delaware_State_Court_of_Chancery/2023-0215/IN_RE_AMC_ENTERTAINMENT_HOLDINGS_INC._STOCKHOLDER_LITIGATION/
Moving ahead... Enjoy the weekend, see ya next week!
Tick Tock!
$AMC $APE=$AMC2
IMO/NFA
Day 39 on RegSHO...
Tick Tock!
$AMC $APE AMC2
IMO/NFA
Evergrande just continued meeting with creditors (last I heard up to last month) trying to get them to sign up for some nebulous "restructuring" agreement that would keep buying them time to kick the can down the road over and over. I guess they ran out of road...finally.
So the choice was an elegant unwind over a year or a full-blown head-on car crash into an immovable object; and they chose the latter. Oh well, wish them luck as they deal with that one...
Tick Tock!
$AMC+$APE=$AMC2
IMO/NFA
"China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court".
Ref: www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
Imagine that... we saw that coming ages ago when a different kind of clamp was used. A philosophy shift happened and elites adopted the "It can't crash if it's suspended" approach and froze a stock (3333.hk) in place for over a year! (because they knew it'd crash hard) There goes any collateral/liquidity into vapor that might've been pointed there. And now the chickens are coming home to roost and there's nowhere to hide anymore. Evergrande was forecasted to auto delist in Oct of 2023; I guess it's not going to make it that long. (maybe for the forced sales). Hmmmm. Now the one to watch is Country Garden to see if it follows suit...
Just denied by Judge Zurn...already. That probably wasn't what was expected when expedited action was requested...LOL!
Ref: https://www.docketalarm.com/cases/Delaware_State_Court_of_Chancery/2023-0215/IN_RE_AMC_ENTERTAINMENT_HOLDINGS_INC._STOCKHOLDER_LITIGATION/92373786/
Tick Tock!
$AMC $APE=$AMC2
IMO/NFA
If you listen hard enough you can hear the shorts digging thru the toolbench trying to find more clamps.... They've already used the previous listed ones plus the NSCC/SEC/FINRA/DTCC/NYSE blind and non-enforcement clamp, the everyone blame everyone else and point fingers in a circle clamp, the High Frequency Trading among players clamp, the "systemic risk to the market" clamp, the load social media and boards with shills clamp, the obfuscate and confuse the data sources clamp, the (alleged) collusion clamp, the Position Close Only and steal the buy button clamp...etc.
This has been quite a show so far! We've learned a lot more than ever expected in a short 2.5 years; it's just unfortunate that it mostly centers on how corrupt, manipulated, and dark the market has become rather than clear, transparent, and fair. Oh well, we'll see where the path leads and if the market really can "self-regulate". Hmmm.
Ok, that was funny right there...
Tick Tock!
$AMC $APE $AMC2
IMO/NFA
Thanks! Has to be a moderator for stickies, so it's up to Gollum if it is interesting enough. :-P
$AMC $APE (soon to be $AMC2!)
IMO/NFA
Day 38 on RegSHO list...confirmed.
Tick Tock!
$AMC $APE
IMO/NFA
Agoura Guy and any other newcomers to the board wondering what’s going on-
You’re new here and I’m bored so I’ll actually answer that question of what happened here with AMC. Here’s the short version…
Back in 2020 AMC was looking to be in a bad shape, so shorts made a ton of bets it was going to fail, so many bets that it reaches an extinction level event for some funds if it didn’t pay off through a bankruptcy. In 2021 not only did the company turn a corner and survive, but meme investors piled in to save the company and cause a squeeze.
So shorts grabbed a clamp and started compressing the AMC spring instead. The clamp wobbled and they lost control a couple times when there was a small runup and a “sneeze” in June 21. Now this is where it changes everything because of a philosophy shift. Rather than releasing pressure by just letting it have a small pop to $100-150 and having the majority of the meme squeeze investors sell out, the shorts started grabbing more and more clamps; setting the stage for a bigger explosion later instead.
Every time it seemed necessary to let off some more pressure with upward movement the shorts and Market Makers grabbed another clamp. The false AMC negative news clamp, the confusion with AMCX clamp, shares on loan clamp, the short interest clamp, the dark pool and off-exchange clamp, the utilization clamp, the offshore clamp, the CNS clamp, the swaps clamp, the loaded options and maxpain clamp, the naked shorting clamp, the FTD clamp, the DTC/volume clamp, the RegSHO list clamp, etc.
Every time rather than allowing actual, transparent market price discovery they clamped down on the spring more and more; and allowed less and less visibility with more and more darkpool trading. The shorts doubled, tripled, and pulled out every trick in the book (and then some) in order to drag this out hoping someday there’d be a bankruptcy to prevent their demise. Now? There’s no bankruptcy anywhere to be found on the horizon, even with the company merging the two stocks into one and having a reverse split to reduce float and increase price per share. In fact the company just had it’s first profitable quarter and the next is looking to be record setting awesome. Income increased, EBITDA greatly improved, theater laser upgrades, and so on. Long’s are happy and it’s getting even better.
But the shorts? Well the shorts are trapped, 40% of the float is loaned out, putting up borrow fees north of 1,000%, the DISCLOSED short interest is around 30%, the days to cover is around 8, synthetic shares are building in a doom cycle; the FTDs and RegSHO is completely off the charts when compared with the rest of the market. ALL of those are higher than in Jun 21, because they chose to make it worse for themselves. The shorts are bleeding out in the street while the longs are laid back in their armchairs, munching popcorn, and watching the show unfold calm, cool, collected. Now we’re looking at the spring and it’s reached critical mass. When that compressed spring lets loose the numbers say this is potentially going to be a unwinding in the market that will make 2008-09 a small blip in comparison. The numbers are way worse than when it went to $72 in June of 21 (when the shorts didn’t close), so no reason not to expect the same or better at some point soon.
So even if all things are compared now to 2021 it’s going at least to $72 and more likely WAY higher as investors hold their shares longer and tighter. Because now those meme investors that just would’ve taken a small pop back then are now out for blood and have created a long-haul movement calling for prison sentences for bad actors, prices to be defined by the sellers to the tune of thousands (and more) per share, regulators held to account for nonfeasance/misfeasance/malfeasance, blockchain assignment/tracking of shares, T+0, forced buy-ins, RegSHO revamp, bank breakups, bank&SHF collateral risk raises, risk dept changes, RICO investigations, shill accountability, and so on...no matter how long it takes. Basically shorts kicked a hornets nest and it’s coming back on them now. Sorry, not sorry, they made this bed they find themselves in. Time is on Longs side and we know what will happen, we just don’t know when it will happen (because it’s up to shorts when they have to close).
There’s a lot more information available if you really want to know at: www.reddit.com/r/amcstock/new/ and we have several that follow Twitter/X here also. Might ask other bulls/apes what are the best ones to follow there.
I’m sure others will add their opinions to the above. Good luck! Have a nice day! :-P
Tick Tock!
$AMC $APE
IMO/NFA
I wonder... with 40+% of the float on loan this is setting up for one helluva rug pull by the longs against shorts with a share recall within a short period of time. Imagine all the lenders wanting their shares back for conversion while shorts are trying to close. As a hypothetical scenario that would only magnify a squeeze even more than the ~150M (self-reported) short shares just closing organically. The first institution to recall would be in the best position to actually get the shares back too. Hmmm..
Or even if the SEC, realizing that this stock is an outlier in the market, actually decides to do something and declares a full share recall for accountability. Well...ok...that last one might be too much of a stretch out of reality... ROFL!
Tick Tock!
$AMC $APE
IMO/NFA
Oh! BTW! Day 37 on RegSHO list confirmed...
Tick Tock!
$AMC $APE
IMO/NFA
Text of new lawsuit, and not "old" lawsuit, can be found at:
https://www.docketalarm.com/cases/Delaware_State_Court_of_Chancery/2023-0835/Simons_v._AMC_Entertainment_Holdings_Inc/92351725/
Seems like some hedge funds, or maybe banks, only have a week and a day left to survive and are acting accordingly...or maybe it's just til a fatal blow is dealt and they'll drag along a little while. Hmmm.
Tick Tock!
$AMC $APE
IMO/NFA
New lawsuit will have to be after-the-fact of C&RS and prove experiential standing. Appeal was crushed by DE higher court and denied (filed before ruling on 1st suit, LOL /facepalm). New lawsuit text assumed Status Quo is in place and it was lifted 11 Aug. They tried to put Status Quo back in place (for a mistrial also) and it was denied by Judge Zurn on 14 Aug. New CUSPID and merger here we come.
Text of lawsuit: https://www.docketalarm.com/cases/Delaware_State_Court_of_Chancery/2023-0215/IN_RE_AMC_ENTERTAINMENT_HOLDINGS_INC._STOCKHOLDER_LITIGATION/
Also in the news- "Hollywood studios offer writers a new deal with push from Netflix, Disney to end strike"
Ref: https://www.straitstimes.com/life/entertainment/hollywood-studios-offer-writers-a-new-deal-with-push-from-netflix-iger-to-end-strike
Also in the news- "AMC Stock: Addressing High Failure-to-Deliver Numbers"
Ref: https://www.thestreet.com/memestocks/amc/amc-stock-addressing-high-failure-to-deliver-numbers
So let's recap, the settlement lawsuit is over and the settlement is approved, any new lawsuit will be for after the settlement takes effect, the writers strike (not that it affected movie releases in the near term anyway) is about to be over, and there are spotlights being shined into the dark corners of the whole RegSHO FTD debacle so there's bound to be fallout/new regs/repercussions inbound. Sounds like a positive path to me.
Tick Tock!
$AMC $APE
IMO/NFA
"Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase"
Ref https://www.cnbc.com/2023/08/15/fitch-warns-it-may-be-forced-to-downgrade-dozens-of-banks.html
And the screws turn another rotation tighter...
Tick Tock!
$AMC $APE
IMO/NFA
I wonder if any hedge funds had collateral in China? The numbers just posted publically are abysmal. Wow. The screws tighten another turn.
Tick Tock!
$AMC $APE
IMO/NFA
Day 36 on RegSHO...
Tick Tock!
$AMC $APE
IMO/NFA
Also of note is the other 8-K showing a record date of 25 Sep and an annual meeting of 8 Nov. Agenda to follow.
Tick Tock!
$AMC $APE
IMO/NFA
August 24th is the day. Per 8-K filed this morning. Find it at:
https://www.sec.gov/Archives/edgar/data/1411579/000110465923090981/tm2323643d1_8k.htm
Timeline included in document.
Any pre-split cleanups need to be done by COB 23 Aug.
Tick Tock!
$AMC $APE
IMO/NFA
Gee, I wonder what happened to all the AMC tokenized stock...it's gone now. Hmmm. And at the same time SBF is put back into prison/protective custody. Hmmm. Remember when an unknown number of locates pointed to fake tokens/shares potentially more than doubling the available shares in circulation declared by the O/S? Pepperidge Farm remembers...
I wonder how many shares were just created out of thin air *poof* based on false locates? Hmmm. Might be time for all those that used false locates to account for all those short shares created before this CUSPID change calls them out and shines a spotlight on shady practices. Hmmm.
Might also be time for an update to this story: https://thechainsaw.com/defi/crypto/ftx-amc-stock-price-manipulation/
and
https://www.thestreet.com/memestocks/amc/report-short-sellers-may-have-used-ftx-to-manipulate-amc-stock
Tick Tock!
$AMC $APE
IMO/NFA
Then it will be EPIC to haul them in front of Congress and ask them, "Why didn't you enforce the rules and laws you were given the authority for and charged with?" when this all hits the fan.
The answers, from all the people currently pointing fingers at each other, will determine whether prison cells next to SBF will be occupied (we already know they "should" be) and for how long...
Time for accountability for nonfeasance, misfeasance, and malfeasance...actually it's waaaaaaaaaay overdue come to think of it.
If the regulators can't/won't perform, then the People/Public/Retail will.
Tick Tock!
$AMC $APE
IMO/NFA