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And the cherry on top? Day 35 on RegSHO list... The show continues on Monday.
Countdown commencing.
Tick Tock!
$AMC $APE
IMO/NFA
Monday morning begins the window for accounting for all those shares! The lead up to conversion should kick some naked swimmers out of the water. Tide's rolling out...time to find out who's been skinny dipping in one or both AMC/APE. Have a great weekend!
Tick Tock!
$AMC APE
IMO/NFA
Found it! https://courts.delaware.gov/Opinions/Download.aspx?id=351520
Page 110. "III. CONCLUSION For the forgoing reasons, the Proposed Settlement is approved..."
Tick Tock!
$AMC $APE
IMO/NFA
"AMC’s Revised Stock Conversion Plan Approved by Court"
Ref: https://news.bloomberglaw.com/esg/amcs-revised-stock-conversion-plan-approved-by-court
alts: https://www.bloomberg.com/news/articles/2023-08-11/amc-s-revised-stock-conversion-plan-approved-by-court
https://www.marketscreener.com/quote/stock/AMC-ENTERTAINMENT-HOLDING-15231781/news/AMC-Entertainment-receives-court-approval-for-revised-stockholder-settlement-44595819/
https://www.investing.com/news/stock-market-news/amc-entertainment-receives-court-approval-for-revised-stockholder-settlement-3152860
https://finance.yahoo.com/news/amc-revised-stock-conversion-plan-203715470.html
Tick Tock!
$AMC $APE
IMO/NFA
Settlement approved! LFG! Countdown to new CUSPID and merge started...and debt relief, and short thesis death, and...
Tick Tock!
$AMC $APE
IMO/NFA
Day 34 on the RegSHO... /yawn. Past time for wake-up calls to go out.
Tick Tock!
$AMC $APE
IMO/NFA
Day 33 on RegSHO...
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$AMC $APE
IMO/NFA
Day 32 on RegSHO list...
Tick Tock!
$AMC $APE
IMO/NFA
Correct. Last was about 30% when we talk only about AMC, before they started merging everything... well, some of them did anyway. Market caps are all kinds of borked... Anything they possibly can to obfuscate their losing. /sigh
Ref: https://www.reddit.com/r/amcstock/comments/15k5n79/correct_me_if_im_wrong_but_shouldnt_these_all_be/
IMO/NFA
That's if they show the 1.5B of AMC combined with APE as O/S. Just another manipulation of the data for self-reported. They were remarking about that and the varying market caps all over the spectrum from different borkers and financial reporting sites for the last few days on Reddit. No such thing as accurate or clear data.../sigh
IMO/NFA
And Barbenheimer will apply to 3Q to be icing on the cake...
Tick Tock!
$AMC $APE
IMO/NFA
Earnings per share a POSITIVE $.01 per share! 2Q docs posted on website! Total Revenue $1.3479BILLION!
https://investor.amctheatres.com/financial-performance/sec-filings/sec-filings-details/default.aspx?FilingId=16843067
WOOT!!!
Tick Tock!
$AMC $APE
IMO/NFA
Day 31 on RegSHO...
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$AMC $APE
IMO/NFA
Day 30 on RegSHO... Next week is shaping up to be interesting.
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$AMC $APE
IMO/NFA
Day 28 on RegSho....
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$AMC $APE
IMO/NFA
Officially Day 27 of the latest example of the failure of market regulators...RegSho saga continues.
Tick Tock!
$AMC $APE
IMO/NFA
I'm liking this... easy mode vid... "Hedge Funds Struggling - AMC stock short Squeeze update"
Overleveraged much?
Ref: https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2023.pdf and https://www.reddit.com/r/amcstock/comments/15fdoj2/banks_are_under_water/
What a house of cards... and if they have to rely only on assets? Hmmm.
Tick Tock!
$AMC $APE
IMO/NFA
HOLY EFFIN FTD's Batman!
And some want us to think everything is just fine, nothing to see here, normal market doing normal things, no crime, no corruption... for a currently $5 stock!?!?! PFFFFT! HODLing and waiting for the boom.
Ref: https://chartexchange.com/symbol/nyse-amc/failure-to-deliver/
Tick Tock!
$AMC $APE
IMO/NFA
Forget Barbenheimer, forget Saw Patrol, when this movie drops on 22 September it’ll educate all the spectators on the sidelines what’s been going on and probably re-energize the meme struggle for ACTUALLY free, fair, and transparent markets…rather than this abomination of corruption, crime, and obfuscation we have.
The engine started and has been idling for 2 years now, time to give it some throttle again! IMO. The only question is do we get a real squeeze before or after the release?
"JPMorgan Chase Faces $75 Billion Loss in Institutional Deposits as Clients Seek Higher Yields."
"According to Bank of america, interest expenses have increased twice as fast as interest earned by the bank through loans and interest bearing assets."
Ref: https://news.investorturf.com/jpmorgan-chase-faces-75-billion-loss-in-institutional-deposits-as-clients-seek-higher-yields
Hmmm.
Tick Tock!
$AMC $APE
IMO/NFA
There went PacWest Bank (buyer=Banc of CA) and now Heartland Tri-State Bank of Kansas (Buyer=Dream First Bank)...banks are continuing to fail and get taken over due to risk dept failures. Add them to the list this year of Signature Bank, First Republic Bank, Silicon Valley Bank, and of course Credit Suisse. Watch for the pace to pick up as reserve margin requirements for banks increase and margins extended to shorts decrease. Interest rates are bleeding some out-of-balanced ones out too; I wouldn't be surprised to start hearing about on-loan stock recalls as banks don't want to be caught lacking/losing. Banks would be taking extinction level risks if they continue with overleveraged SHF clients...watch for both "unwind or die" (if there's hope left) and/or "unwind AND die" approaches being experienced.
FYI-Friday's are primary times for FDIC takeovers and announcements when planned for, but can happen at any time.
Ref: https://www.fdic.gov/news/press-releases/2023/pr23058.html
lt's a financial sector slow moving steam roller, but it's coming through; but remember shorts made their own bed with AMC. In the meantime, another domino just fell down. This crossed from conspiracy theory over to reality a long time ago...(even before Gamestop/AMC/APE/Overstock/etc). *munches popcorn watching the show unfold
Tick Tock!
$AMC $APE
IMO/NFA
Day 25 on RegSHO. Why even have laws/rules at this point? This is the kind of thing revolutions are born from...
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$AMC $APE
IMO/NFA
Day 22 on RegSHO... /yawn. The crime is getting old.
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$AMC $APE
IMO/NFA
Gollum- ALL of the ones listed in the video (in msg #125114) were in excess of 100 shares.
IMO/NFA
Answer-
"
People are asking about the erratic price action in #AMC quotes after hours
— BAM Investor (@BAMinvestor) July 24, 2023
You’re seeing the bogus “Out of Sequence” trades that I showed in my videos last week. It should be criminal
They hid all of those trades above 7 and held them until after hours so that they didn’t… pic.twitter.com/iMbOdn4xrw
Court responded. Asked for 4 things before we're good for a settlement. 1) Any business needs deadlines that require a decision by a certain date, 2) Briefs on the settlement with regards to fiduciary duty, 3) A response, or acknowledged non-response, to request for stay on lifting status quo order if settlement is approved pending appeal, and 4) An administrative change revising proposed order and final judgment omitting one of the plaintiffs (Mr. Munoz).
Ref: https://courts.delaware.gov/Opinions/Download.aspx?id=350480
Watch for price merging "somewhere" as we get closer...imo
Tick Tock!
$AMC $APE
IMO/NFA
Coming up on half the float traded today...makes one wonder... Hmmmm
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$AMC $APE
IMO/NFA
Exactly!
If only there was an organization that actually enforced market rules/laws...even when cases were handed to them on a silver platter.
Hmmmm.
IMO/NFA
Borrowing??? From WHERE?!? ROFL!
I hope they did hard locates on those... Hmmmm.
Tick Tock!
$AMC $APE
IMO/NFA
Relax, steady as we go. Good to keep perspective. Compare to Jun 21 when PPS went to $72 (all values approximations and not specific day)...
Then-SI at 17%, Now 28%
Then-FF on loan was 130M, Now 180M
Then-DTC was 1.25, Now-9.56
Then-CTB was 30%, Now-1000%
Then-FTDs were floating around 2-5M, Now-10x that amount!
Debt-comparable, long-term shifted further
Utilization-comparable
Income-greatly increased
EBITDA-greatly improved
etc, etc, etc,
And it went to $72 then with those numbers... And nowadays? We'll see if/when enforcement decides to show up or when the next institution(s) run out of money to keep kicking the can, but the raw numbers say higher...MUCH higher. Already got the tickets, now it's just watch the show unfold...
Only certainty here seems to be shorts have not closed...yet.
Tick Tock!
$AMC $APE
IMO/NFA
Sunday update! It went up AGAIN! Woot! $337M and counting...
"‘Barbie’ A Knockout With $337M Global Bow, ‘Oppenheimer’ Genius At $174M WW Launch – International Box Office"
Ref: https://deadline.com/2023/07/barbie-oppenheimer-barbenheimer-christopher-nolan-cillian-murphy-margot-robbie-ryan-gosling-gloabl-international-box-office-1235443180/
Tick Tock!
$AMC
IMO/NFA
Exactly. I didn't sell at $70, I'm sure as hell not selling at $25! They'll have to add AT LEAST one or two zeroes on the end of that before getting the battle-hardened Apes to sell a share... Sounds like shills are trying DESPERATELY to price anchor this before it breaks triple digits.
Accountability is overdue; and it's all long-term capital gains now for us. Waited waaaay too long for an easy out at $20 for a measly 5x. Pfffft!
Side note- Can you just imagine if they put a cherry on top of this treat and announce that SHFs used FTX tokens as locates rather than hard locating shares to create naked shorts? Now THAT'S the announcement I can't wait to hear! But that would mean the SEC actually did something, so my confidence in that is low. I'll see how the court case goes with SBF first, but they're already asking the right questions.
Tick Tock!
$AMC
IMO/NFA
It went up! "‘Barbie’ Still Gorgeous With Best YTD $150M Opening; ‘Oppenheimer’ Ticking To $80M In Incredible $300M+ U.S. Box Office Weekend – Saturday PM Update"
Ref: https://deadline.com/2023/07/box-office-barbie-oppenheimer-barbenheimer-1235443828/
So where did all the "ThEaTeRs ArE dEaD!" goofs disappear to??? Time to account for your messages...
$AMC
Tick Tock!
IMO/NFA
FINALLY got to the referenced document server... ruling can be found at: https://aboutblaw.com/9up
The other document source for the case is not updated...yet?
ref: https://www.docketalarm.com/cases/Delaware_State_Court_of_Chancery/2023-0215/IN_RE_AMC_ENTERTAINMENT_HOLDINGS_INC._STOCKHOLDER_LITIGATION/
Printing and reading now. "To cut to the chase, the settlement cannot be approved as submitted."
IMO/NFA
Using what as a catalyst for APE? I thought it required the new CUSID to provide the deadline for the removal of AMC and APE from the market to get to the AMC v2 listing...?
IMO/NFA
"AMC APE Deal Rejected in Surprise Court Win for Meme Stock Base"
Ref: https://news.bloomberglaw.com/esg/amc-ape-deal-rejected-in-surprise-court-win-for-meme-stock-base
Looks like it's still all about AMC, and not APE, for the time being...unless this is a troll false news release. Hmmmm.
Tick Tock!
IMO/NFA