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FTDs don't accumulate if corrupt and fraudulent means are used to clear them from the Obligation Warehouse with CNS by using SFTs rather than purchasing shares on the open market also...wouldn't you agree?
https://www.reddit.com/r/GME/comments/wg2c51/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/
IMO/NFA
Good lord. "Improving Settlement Rates by Ignoring Them"-DTCC Staff. DTCC Video-Improve by Ignore
These people are going to lose control and have an explosion because they never operate with a "devil's in the details" approach. 3% failure is fine?!? How many days until that 3% becomes 100% if it accumulates within and due to an idiosyncratic risk (AMC/GME) in the market; or worse yet, a systemic (Naked) problem? It's a damn good thing nuke forces & energy plants don't operate with a bullcrap "3% failure is good enough" philosophy!
Meh, it's only Wall Street and the world economy...Geez!
Bring on blockchain and auditing capabilities immediately! Proactively, before it's too late...
IMO/NFA
ATH 197.32M shares on loan with 4.27 DTC for AMC.
Germany suspended (and restarted) trading APE due to abnormal price action.
APE on RegSHO after 8 days.
Options chain-DENIED! (no more hiding)
T+0 environment for APE getting cranked down on.
A ton of eyes on every aspect of the market and Redditors calling out fouls and doing SEC/DOJs job for them. (And finding ALOT of the abuses/problems!) Investigations ongoing.
Phase 6 ISDA in effect as of yesterday.
Oh yeah, this is getting good now. Perfect storm brewing. Pass the popcorn...
Tick Tock.
IMO/NFA
We must be on target, the FUD campaign is getting thick! I broke down and shifted money around to buy today...again. Still averages up, so not too worried anyway, but adds to the pile for later. Too many things all aligning just right (shares on loan, % of FF, RegSHO, FTDs, super-suppressed low price in chart, investigations and raids, Reddit improving info collection/sharing/growing, etc) and it's brewing to be the perfect storm to the upside.
After all, with infinite liquidity comes infinite risk...for them. And it doesn't cost to HODL and watch it all uncoil. I can wait as long as it takes.
Price alerts are set, I'll be in the pool if anyone needs me. Cheers!
IMO/NFA
AND... It looks like SR-DTC-2021-017 "Change to Enhance Capital Requirements..." is signed and publishes tomorrow to go live. It does seem like everything is coming to a closure point, doesn't it? Hmmm.
IMO/NFA
So basically that means they've failed to deliver from the day it opened trading. If the math is right, that's over 2.5 Million shares per day for 5 days in a row at least. They have shares to short, but not to deliver huh? Ouch, just ouch...for them. Whoopsie doodle!
This must be a record or something. ROFL!
IMO/NFA
Everyone be sure to wave and welcome APE to the RegSHO list as of 31 Aug...
Hmmm.
https://www.nyse.com/regulation/nyse/public-info
IMO/NFA
Exactly. Agree completely and my thoughts also. People only take it so long before the fights on... seems the limit was reached awhile ago.
IMO/NFA
Wow! Good find!
From the article, "Bankers and investors participating in the scheme, also known as dividend stripping, would swiftly trade shares of companies around their dividend payout day, blurring stock ownership "
IMO/NFA
When all else fails they've grabbed the 2009 playbook and are desperate for a CDO/CDS strat to not lose EVERYTHING...
Liking this AH climb...
IMO/NFA
Zombie stock...
IMO/NFA
Seems that Jun '21 to $72 was just a warning tremor... ignore at your own peril. LOL!
And it didn't even take 200M shares on loan to get to that level! This next time though... O.O
IMO/NFA
196M shares on loan. LOLSMDH!
Shorting hedge funds took a hot spring and turned it into a supervolcano that will have worldwide market ripple effects now when it blows. Authors will write entire textbooks about this.
IMO/NFA
Agree completely! Finally a path that shows loyalty to the people victimized rather than to the corrupt organizations that got everyone into the mess in the first place. It's overdue and time for a correction.
AMC/APE are just the vehicles of a change and exposing through DD what the Street wanted to stay hidden.
Tick tock!
IMO/NFA
What must be going through the SHFs and central bankers heads when they see the way the ask chart is building out. ROFLMAO!
Ref: https://www.reddit.com/r/amcstock/comments/wyfpt8/the_smell_of_desperation_please_tell_me_youre/
IMO/NFA
It'll be an average up but this is too juicy and can't pass this up. Loading.
IMO/NFA
Where are the FINTEL experts on the board?
Digging into the available data because of the O/S discrepancies in APE and have some questions on AMC now too... like am I reading this correct that 6 funds went full "sell it all" on Aug 19th, 2 funds on the 23rd (incl GS), and 2 more funds (incl BR) on the 24th? Were those 100% forced close or liquidations? Tens of millions of AMC shares dumped to market (or at least dark pools) during the launch of APE, really? And when I look up current APE to see what institutions had AMC at the time (and were thus authorized the APE disbursement) FINTEL doesn't show any...?
I'm looking at: Fintel AMC info
and Fintel APE info as reference.
Or maybe it's still too early and the coffee hasn't kicked in yet... there is that possibility too. :-P
IMO/NFA
For anyone that wants the reference for this, the OP posted it on Reddit.
FINRA Rules 11880. Settlement of Syndicate Accounts. Can be found here: https://www.finra.org/rules-guidance/rulebooks/finra-rules/11880
Tick Tock!
IMO/NFA
I’m just waiting and watching for the next wild card to be played now. For instance, here’s one hypothetical I can think of. Once all the dust settles and all the APE shares have been released into the wild; I would not be surprised at all by a series of APE-only “appreciation NFTs” with serial numbers (1 to 516,820,595) to be issued. They would ONLY be issued to preferred stock holders. It would be a fun little boost to the hodlers and further compound/complicate the shorts position. There’s no massive cost like a cash dividend and it can follow up as a counting check & balance if the initial rolling out of APE shares was so SNAFU as to cause too much confusion to be effective. Hmmm. Maybe someone with Twitter ought to mention this idea to AA.
Pass the popcorn pls. Tick tock!
IMO/NFA
Are we not mentioning the 2,128,235 short exempt volume and 66.6% short percentage for AMC yesterday, or are we going to just gloss over that part??? Oh, that's right, we'll see it again in the FTDs later in Sep. My bad...
Better to stick with the 28% short volume in APE instead. LOL!
IMO/NFA
Good grief! Dozen+ trading halts on volatility to the upside, staggering the release of APE shares by several days unlike an IPO (or the company's release/desire), half a million short exempt volume while under a SSR On condition, half the daily volume after close in a spike, 100% utilization for months on end, millions of shares popping up to borrow from out of the blue,...
Everyone duck, I think I see a kitchen sink incoming! ROFLMAO!
IMO/NFA
You are correct, they did.
FAQ Section 17
"For the AMC Preferred Equity units received in the dividend, the holding period used in determining whether capital gains and losses are short-term or long-term is expected to be the same dates as are used for the common stock on which the AMC Preferred Equity units were distributed."
Short version: APE is based on your original AMC shares.
IMO/NFA
Lindy1401 & Doverdr
Lindy1401- That's about right.
Doverdr- I wish I had saved the article I ran across this morning but basically it pointed out that since APE is a preferred stock issue it become senior should AMC Entertainment ever go bankrupt, payout money would go Creditors>Preferred>Common. So in theory some could want APE over AMC and make the value ratio more like 60/40 or 80/20 or 51/49 or whatever... For now it's just 6 of one and half dozen kinda thing.
Sorry for combo post. Going to run out of posts for the day, lol! I'll have to go play outside and let the market do it's thing soon anyway.
IMO/NFA
Correct. If they go 50/50 then it's $9.01 (friday's close cut in half) for each. But APE being a Preferred it could always take precedence and skew the ratio. The combo of AMC/APE is the right value when comparing to pre-19Aug date share prices.
IMO/NFA
Remember-Anything over $9.01 in either or both AMC/APE today is a positive for the day...despite what MSM snakeoil sellers are trying to peddle. Woot! No cell, no sell.
IMO/NFA
5 min halts.
IMO/NFA
I show 4 for APE (0932, 0938, 0943, 0949) and 3 for AMC (0940, 0947, 0953)... so far.
IMO/NFA
FYI-You can search the halts here at: Trading Halt Search
Shows the code to and you can use left side to see codes legend.
IMO/NFA
"AMC Plunges..." While stock halted to upside. ROFL! Bwahahahaha! <gasp> Bwahahahahaha. Can't. Breathe.
IMO/NFA
ROTFLMFAO! 2 min in and APE already halted.
IMO/NFA
So the AMC half is up about $3/shr, now we just need the other half to start trading and we'll put it together to see where the start value of the AMC/APE combo is. Woot!
edit: And check out that premarket volume...not a bad start!
IMO/NFA
Whoohoo! Just checked TDA T&S and my APEs are posted, all of them too. Bring on the trading days/weeks/months ahead...
Zen. The calm before the storm.
This one was good and had some wide perspective...
AMC 2022 Hype
IMO/NFA
It took Overstock what, months after exdividend to squeeze? We hope it's sooner rather than later for AMC of course. But one has to understand we have been, and will continue to be, here for the long haul; waiting and watching them bleed out. For however long it takes. It's happened before...$14 to $72 in how long? Things can turn on a dime and I've got all the patience of the world to wait for it. Set the price alerts, and in the meantime ignore the FUD, go out, warm up in a jacuzzi, enjoy life, have fun, take naps, soak in the sun.
We haven't even gotten to 2nd fake squeeze yet.
IMO/NFA
Sunlight, Inspector Generals, RICO investigations, bleach, and a 4+Million strong pissed off public electorate can be amazing corruption disinfectants...
And stop calling me Shurley. LOL! (love that movie!) :-P
IMO/NFA
ROFL! What are the chances...more math tonight. Now why would Citadel reduce their calls and puts and instead BUY 582,176 shares to increase their position holding in AMC to 670,812 during the latest quarter for a 656.82% increase? Hmmm.
Citadel Position Changes
(Side note-they show SP of $13.55, not a bad entry point! Making money long! Hah!)
Tick Tock!
IMO/NFA
Agreed on all points! And it may even have the added bonus of flushing out the most corrupt in the industry that have been abusing "the system" further narrowing down the investigations so the hammer(s) can fall efficiently and accurately in the near future. Hopefully followed by clear regulation closing loopholes and implementing blockchain/transparency/T+0 changes to avoid problems in the far future. Tick Tock!
ps. And then we can all thank the shorts for paying off AMC/APE debts and making us richer in the process! Oh, the irony!
IMO/NFA
I believe the apes are using the phrase, "I can stay retarded longer than they can remain solvent." Which I'll gladly adopt as a moniker also. Especially if Apes are proven correct and beat the hedge funds into losses which would be incredibly embarrassing for "smart" money (and their shills). Whoops! Seems to be working so far... Tick Tock!
IMO/NFA