AMC Entertainment Holdings Inc (AMC)

[Beek]

It took me awhile to figure out what they are doing with the proposal. They didn't do a very good job of making all this clear either. But it's a proposal not a directive at this current stage. It's just getting confused by many because read the directive within the proposal and folks are latching onto the directive first and not the proposal. Clear as mud yet?

Put another way...It's basically being circulated as a "Hey, what do you think of this proposed directive?" kinda thing first. If there aren't any major objections/comments/undue complexities to the proposal then they will publish the not-for-comment or pre-anything version with a hard effective date like the text within the proposal states...or an 'effective immediately' if everyone can support the change in writing.

But oh yeah, I want the SEC/DTCC/NSCC to fast track that rule (as do most of us) because in my opinion it'll lead to some rather violent upswings as it holds HFs responsible and accountable for their own actions.

So the sooner the better...imo