AMC Entertainment Holdings Inc (AMC)

[Beek]

FWIW, my take on that whole process (NSCC-2021-010) is not looking good for the 10 Nov 2021 date as being hard anymore...unfortunately.

If you pull up the SR-NSCC-2021-010 document flow (https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-010) The 34-92860 2 Sep Notice established the 10 Nov 21 date, and at any time up to that date the commission could do one of 3 things: Approve, Disapprove, or Institute Proceedings.

We were charging straight towards the hard date default approval when on 5 Nov they chose option 3 with an Order. They waited until 5 Nov to file Order 34-93532 which "Institutes Proceedings" which buys them time for another round of comments and rebuttals (21 days and 35 days respectively). The kicker is the 35 days don't start until the new Order is published in the Federal Register and I didn't see anything newer than the Sep Notice...yet.

So we can't get a "new and improved" hard date yet until that publication happens.

That said, it doesn't change how screwed HF's are in the slightest; it just means the liquidation(s) won't be relying on this particular Rule in order to initiate it/them until Fed Reg publication plus 35 at the earliest...

Sorry news of a delay isn't better, I'm just trying to keep shining light on the truth...even if it isn't what we want to hear.