AMCGrodd's

*** Ultimate AMC Timeline ***

(Updated Daily)

Hello!  This educational timeline is a great marketing tool that you can give to new apes to assist them in deciding for themselves that AMC is a great investment.  My goal is to research, compile, and clearly explain the chronology of events in recent AMC stock history in order to:

  1. provide a permanent, sharable point of historical reference for "all things AMC stock";
  2. educate new and veteran apes alike on exactly how AMC got to this point;
  3. show why/when/how shorts and hedge funds are getting increasingly desperate;
  4. prove that all happenings along the way thus far are squarely in apes' favor, slowly contributing to—and virtually guaranteeing—the moon landing;
  5. give existing AMC apes the confidence to buy and hodl more AMC bananas;
  6. give potential AMC apes the confidence to become first-time investors in AMC bananas . . .  and hodl them sumbiches with kung-fu gorilla grip!

Learn, enjoy, and—most importantly—spread the "Word of Grodd" that AMC stock is awesome!  Informing and educating new investors is the best way to thank me!

NOTES:  

  • If you follow me on Reddit (u/Few_Campaign8623), you'll get an alert every time I post an updated timeline or other DD.
  • If you think that something is missing from the timeline, please send me a message in Reddit.  I'll gladly consider the addition and add it, if appropriate. Thank you.
  • Apes, whenever you post news, quotes, or data, please do the community a huge favor by always including a link to your source(s).  This practice will become increasingly critical leading up to—and during—the squeeze.  Apes must be accurate and nimble at all times.  Minutes will matter.  Seconds will matter.  Time wasted having to search for and verify each other's sources can be very costly and cause a lifetime of regret.
  • Please invite everyone you know to join Reddit's AMC Stock group!
  • re:  Formatting

Apparently, Google Docs' formatting is not phone-friendly.  If the formatting is messed up on your small device, please switch to a screen that is at least tablet-sized.  You could also try using the Google Docs app.

DISCLAIMER:  

I am not a financial advisor.  Nothing in this personal reflection constitutes—or is intended to be—financial advice.  I only have 3 teeth.  Always conduct your own due diligence before engaging in any financial activities.  Also, feel free to file a quick complaint with the SEC if you feel that a particular hedge fund is engaging in fraud and/or market manipulation.  

1920–2019

1920:  

Maurice, Edward, and Barney Dubinsky purchase the Regent Theatre in Kansas City, Mo.

1961:  

Stanley Durwood becomes CEO of the company and renames it "American Multi-cinema."

1962:  

Opens the world's first multiplex, the Parkway Twin in Kansas City.

1981:  

Becomes the first theatre chain to add cupholder armrests.

1991:  

Introduces Clip®, a "film strip" character to serve as an ambassador of the brand and its Silence is Golden® program.

1995:  

Opens the world's first megaplex. This innovative destination also inspires AMC to install stadium seating and LoveSeat®-style seating.

2000:  

Co-founds online ticket services to add convenience to even the busiest AMC theatres like Empire 25 in New York City, which is recognized as the busiest theatre in the world.

2002:  

Becomes the first theatre chain to introduce the circuit-wide gift card.

2005:  

Co-founds National CineMedia (NCMI), which runs all of AMC's pre-show entertainment and in-theatre advertising.

2006:  

Expands presence throughout the country with the acquisition of Loews Theatres

2007:  

Partners with IMAX to bring approximately 125 IMAX large-screen digital projection systems to AMC locations around the country.

2008:  

Launches Dine-In Theatres. The concept, which continues to expand throughout the United States, allows guests to order restaurant-style food with the push of a button, from the comfort of their own luxurious movie seat.

2009:  

  1. Partners with Sony and RealD to implement digital and 3D technology.
  2. Partners with the Autism Society to launch AMC Sensory Friendly Films nationwide. The program allows children and families to enjoy a movie in a safe, accepting environment that allows talking, yelling, singing and walking around.
  3. Opens its first all-recliner seating theatre, AMC Lakewood 12, dubbed "The Miracle of Lakewood."

2010:  

  1. Acquires Kerasotes theatres and expands its presence in the Midwest.
  2. UFC 111 is the first MMA fighting event shown live at an AMC theater.

2011:  

Launches its AMC Stubs rewards program, which provides members with new benefits like concessions upgrades and dollars back for every dollar they spend.

2012:  

Acquired by the Beijing–based Wanda Group, which enables funding to ensure a massive escalation of AMC's world-class amenities, including recliner seating, better sight & sound presentation, and MacGuffins bars.

2013:  

Goes public on the New York Stock Exchange (NYSE: AMC).

2015:  

  1. AMC and Dolby partner to create Dolby Cinema at AMC, a premium large format experience that includes Dolby Vision laser projection, Dolby Atmos sound and AMC's comfortable power recliners.
  2. Acquires Starplex Cinemas.

2016:

  1. Becomes the largest theater/cinema chain in the world by acquiring Carmike Cinemas and Odeon & UCI Cinemas (the largest theatre chain in the UK & Ireland).  AMC most recently reported roughly 953 theaters and 10,700 screens.
  2. Adds a free tier to its AMC Stubs program—AMC Insider—to go along with its popular paid tier, AMC Premiere.
  3. First-year CEO Adam Aron went on quite a hiring spree in 2016!  

December 11, 2017:

Signs "Memorandum of Understanding" to build theaters in Saudi Arabia, "hours after the Middle Eastern kingdom announced it will allow cinemas for the first time in 35 years."

June 20, 2018:

Launches AMC Stubs A-List monthly subscription service to counter the immensely popular—yet now defunct—MoviePass (HMNY).

May 23, 2019:

Acquires Cinetopia movie theaters

September 8, 2019:

Announces that select AMC theaters will air out-of-market, Sunday NFL games

October 14, 2019:

Launches "AMC Theaters On Demand," which offers approximately 2,000 films for sale or rent after their theatrical runs (just as iTunes, Amazon, and other video-on-demand retailers do).

November 7, 2019:  

AMC CEO Adam Aron addresses short-selling attacks on AMC

2020–Present

March 18, 2020:

Due to COVID-19, Adam Aron announces the closure of all AMC theaters nationwide.  The resulting loss of income would be so extreme that the company was "a couple of weeks away" from bankruptcy multiple times before the mini squeeze on Jan. 27, 2021 (per Adam Aron in his April 14, 2021 interview with Trey's Trades).  To this day, AMC has never received a penny in government assistance/bailouts (CARES Act, PPP loans, etc.).  Despite that stark disadvantage, AMC has still managed to pay its employees and bills.  Bravo!  

December 17, 2020:

SEC states that Robinhood misled its customers about how it was paid by Wall Street firms to pass along customers' trading data and profited at customers' expense.  Robinhood pays $65 million fine.

January 26:  

AMC secures $917 million in new capital to avoid bankruptcy through at least the end of 2021, the breaking news of which was the catalyst for the mini squeeze the following day.

January 27:

  1. First AMC mini squeeze.  The stock price jumped 310% overnight, from $4.96 at the close on January 26 to $20.34 at the open on January 27.  (The price briefly reached almost $25 in pre-market on January 27.)
  2. Robinhood screwed apes by restricting apes' ability to buy shares of AMC.  Only selling was allowed, which directly benefited hedge funds by tanking the share price.  That is arguably the main reason why Vlad was dragged before the House to testify.  Robinhood also implemented a 100% margin requirement for equity in AMC and GME.
  3. The first AMC-specific Reddit group ("amcstock") launches.

January 28:

Robinhood blocks apes from buying shares of AMC, GME, and other stocks.  Robinhood (followed by other lemming brokers) also institutes stricter, 100% margin collateral requirements

February 1:  

In a Form 8-K dated Feb. 1, AMC's largest stakeholder (Wanda America Entertainment Inc.) capitalized on the mini squeeze on Jan 27 by converting its Class B shares (with 3 votes each) to Class A shares so that it could "cash out."

February 18:

Robinhood CEO (Vlad Tenev) testifies about Robinhood's Jan 27-28 sabotage against AMC and GME apes during a House Financial Services Committee hearing

February 26:

In a ridiculously intense, back-and-forth battle between apes and HF turds that literally wasn't decided until the final seconds of trading, Apes emerged victorious by securing a closing price of $8.01 after rallying from $7.90 within only 4 minutes remaining.  Finishing the day above $8.00 was very significant because it forced shorts and hedge fund pantywaists to have to purchase hundreds of thousands of shares via call options contracts expiring ITM ("In the Money").  The figure of "$8.01" has since become a rallying cry for the AMC ape movement.

March 3:

  1. Per AMC's proxy statement, ". . .  63,096,124 shares (including 3,732,625 treasury shares) of the total number of shares of Common Stock currently authorized remain available for issuance or may be reserved for issuance prior to any amendment to increase the authorized shares of Common Stock."

(Ape Translation:  Adam Aron clarified in his April 14, 2021 interview with Trey's Trades that 20 million of those 63 million shares are accounted for.  Still, that leaves AMC with 43M already-approved shares available to introduce to the market WITHOUT apes' permission.  So, if apes approve the 500M new shares, that will make Aron much more inclined to actually use those 43M already-approved shares that are CURRENTLY the only bullets in his holster.  Just because he vowed to not use any of the 500M new shares in 2021 doesn't mean he won't use any of the 43M.  In fact, getting the 500M new shares gives Aron much more freedom and ability to dilute with those 43M already-approved shares.  That's why my vote is "NO." After we moon, Aron can dilute to his heart's content, and at a much higher price per share, too!)

  1. AMC has $1 billion in cash on its book as of March, 2021, which is the highest in the 101-year history of the company.

March 7:

SEC requests public comments (until April 8) on proposed Rule NSCC-2021-801 (i.e., "the straw that will break the hedge funds' backs")

March 16:

SEC approves Rule DTC-2021-003

March 26:

"Big Banks" force hedge fund Archegos to liquidate $20 billion in assets (most notably, shares/swaps of Discovery Channel and ViacomCBS, which caused the PPS of each stock to plummet)

PUBLIC SERVICE ANNOUNCEMENT:

Remember, it's just as important to protect your existing assets as it is to make new money.

Over the last several months, I've been strategically liquidating every stock in my portfolio that doesn't start with "A" and end with "C."  As soon as I'm able to take a modest profit of at least 5%, I've sold.  Why?  I believe that the fall is coming.  When AMC squeezes, there will be a domino effect of hedge funds getting margin-called one after the other.  They won't have a choice as to which of their holdings get liquidated by the "big banks."  So, no stock will be safe from the slaughter.

For example, if a particular, margin-called hedge fund holds 1,000,000 shares of Apple, guess what: those 1,000,000 shares of Apple may be randomly force-liquidated to cover that hedge fund's short debt in AMC.  Why should you care?  Well, that sale of 1,000,000 shares of Apple will cause Apple's share price to fall, likely dramatically.  If you hold shares of Apple, your investment will lose value.  That is exactly what we saw happen to Discovery Channel (DISCA) and ViacomCBS (VIAC) when Archegos got margin-called on March 26.  Credit Suisse, Nomura, UBS, Deutsche Bank, Goldman Sachs, and Morgan Stanley liquidated Archegos' holdings in DISCA and VIAC.  In just a couple of days, DISCA dropped 46% ($77.27 to $41.23) and VIAC dropped 55% ($100.34 to $45.01).  That, in turn, caused a general market sell-off across virtually all stocks.  Keep in mind that when the hedge funds that are shorting AMC get liquidated, the impact on the market will dwarf that which we saw in the aftermath of Archegos' liquidation.  In preparation, I choose to lock-in my gains and minimize my exposure to the broader market.  When AMC squeezes, not only will I make a killing in AMC, but I'll also back up the truck to purchase a ton of Apple and other depressed blue chips with all of the cash that I've protected and set aside.

March 29:

SEC approves the following rules:  FICC-2021-002, DTC-2021-004, NSCC-2021-004

March 30:

Susquehanna International Group, LLP ("SIG") and Richard J. McDonald formally oppose the OCC's new "Skin-in-the-Game" rule (OCC-2021-0003)

April 1:

Heath Tarbert (Ex-Chair of the Commodity Futures Trading Commission) joins Citadel Securities as "Chief Legal Officer" only 27 days after leaving the CFTC

"[It's] the latest in a long list of hires [away] from US regulators by [Citadel CEO, Ken] Griffin."

April 4:

"Godzilla v. Kong" sets pandemic and pre-pandemic records, disproving shorts' FUD that "people will never go to AMC theaters again"

April 5:

"B. Riley Financial" upgrades AMC and raises price target from $7 to $13

April 6:

  1. Trey gets death threats.  His lawyers advised him to not publicly discuss the details.
  2. South Korea gets tough against selling naked shorts.  Hello, SEC?

Under the revision, market traders found guilty of naked short selling will be fined up to their order amount.  The bill had previously only levied a maximum fine of 100 million won ($89,000) on illegal short sellers, regardless of the amount sold.  In addition, illegal short sellers could face imprisonment for a year or more as well as additional penalties up to five times the unfair profits made.

April 7:

  1. SEC approves "Skin-in-the-Game" rule (OCC-2021-801)
  2. Trey's Trades interview with Jordan Belfort

(Let's just pretend that it never happened, OK?  Link intentionally excluded.)

April 8:

  1. New SEC filing reflects plaintiffs' assertion that over 30 brokerages, trading firms, and/or clearing firms "including Morgan Stanley, E*Trade, Interactive Brokers, Charles Schwab, Robinhood, Barclays, Citadel and DTCC engaged in a coordinated conspiracy in violation of anti-trust laws to prevent retail customers from operating and trading freely in a conspiracy to allow certain of the other defendants, primarily hedge funds, to stop losing money on short sale positions in GameStop, AMC and certain other securities."
  2. Matt Kohrs gets banned by Youtube without any justification (only public outrage and pressure eventually gets him reinstated)
  3. SEC warns SPACs to cut the dirty tactics
  4. SEC's Chief of the Office of the Whistleblower, Jane Norberg, to Leave Agency
  5. Last day to submit your comments to the SEC in support of the approval of Rule NSCC-2021-801!  Rule NSCC-2021-801 is the proverbial "nail in the coffin" that reeeeeeeeeeeally has the hedge funders shitting their fancy little britches.  A decision will be imminent after April 8.  The SEC is currently deliberating whether to approve this SUPER CRITICAL Rule SR-NSCC-2021-801, which would allow the NSCC to assess the risk of members (i.e., hedge funds) on a daily basis and also demand a higher Secondary Liquidity Deposit (SLD) on a daily basis if a member risks defaulting.  If approved, this rule will force hedge funds and market makers to pay more if they are "playing too risky."  It will also allow the DTCC to liquidate a member’s positions if those positions jeopardize the NSCC’s ability to complete that day’s trades.  Furthermore, the arguably most important aspect of Rule NSCC-2021-801 is that hedge funds would no longer be able to take advantage of an inexplicable lack of scrutiny to hide naked shorting, FTD shares, dark pool trades, ladder attacks, trading amongst themselves to artificially lower the price per share, etc.  They will no longer have 30 days to "get their affairs in order," either.  Transparency could be our newest and greatest weapon!

April 9:

Melvin Capital hedge fund announces amusingly catastrophic losses of 49% and billions of dollars in the first quarter of 2021

April 10:

Dogecoin (DOGE-USD) begins its "convenient," unsustainable pump in what many argue is a calculated effort by hedge funds to fool apes into dumping AMC shares.

April 12:

"Better Markets" files an amicus brief (addendum to the lawsuit) against Citadel to prevent Citadel from succeeding in stopping the SEC's plan to implement a new type of order ("Delimit Order") developed by IEX.  This new "delimit order" would essentially prevent Citadel and other hedge funds from engaging in high-frequency trading and stock price manipulation via the use of sophisticated equipment and non-public information that give them a huge, unfair advantage over retail investors in the marketplace.

April 13:

  1. Arclight and Pacific Theatres permanently closing in California, boosting AMC's future business and value
  2. Hedge funds start to "spoof" shares:

April 14:

  1. Gary Gensler, notorious supporter of "the little guy," confirmed 53-45 by Senate to lead the SEC as Wall Street’s top regulator; plans to investigate SPACs and market manipulation by hedge funds (particularly in relation to Gamestop and AMC)

The GameStop saga has led congressional Democrats to ask the SEC to reexamine the practice of payment for order flow, whereby stock brokers are paid to direct customer orders to market makers, as well as features in trading apps that critics say exemplify the use of so-called gamification techniques to encourage harmful overuse of those apps by retail investors. . . .  The blowup of Archegos, meanwhile, could encourage Gensler to propose new rules for institutional investors that require the disclosure of short positions in stocks as well as derivative positions that mimic stock ownership.

  1. Adam Aron interview with Trey's Trades!

Notable Adam Aron quotes from the interview, in sequential order:

  • "I am in this for the long haul [as CEO], 5-10 more years."
  • "I am a fellow shareholder."
  • "Long-term, I am a bull.  I own over 3,000,000 shares of AMC stock."
  • "I want to continue growing the company each year moving forward."
  • "Our main goal is to increase shareholder value."
  • "Our company is under attack by short sellers."
  • "I haven't sold a single share in 5 years, and don't plan to.  I am a believer in this company."
  • "The last time we authorized 500 million shares, we didn't use any shares [32,000,000] until 3.5 years later!  We didn't use shares again [300,000,000] until 3.5 years after that!  Each time, AMC's stock price rose 200%-300%."
  • "Flooding the market with 500 million shares would be crazy and foolish."
  • "If AMC shareholders authorize the 500 million shares, we will pledge in writing that we will not issue a single share in calendar year 2021!"
  • "I'm tired of playing defense.  I want to play offense."
  • "We would only use shares to acquire other theater chains to instantly increase value for shareholders.  Or to buy back debt at a significant discount to increase value.  Or to entice landlords to accept stock NOW (at a discount) instead of waiting on cash over the course of 24-36 months."
  • "If you don't vote at all, your vote will be counted as a "No" by default.
  • "You own AMC.  This is YOUR company!"
  • "I will give you one prediction:  50 years from now, analysts will be claiming that XYZ is going to put AMC out of business.  Why [will AMC still be here]? Because there is something magical about going to the movie theater!  . . .  Watching at home just doesn't have the same impact."
  • "Going to the movie theater is a cheap date.  The average movie ticket in the U.S.  is about $10.  Where else can you go to be entertained for 2-3 hours for only $10? You can't!"
  • "In 2019, the movie theater industry sold 7 times as many tickets as the NFL, MLB, NBA, NHL, and MLS combined!"
  • "I think that AMC's best days are still to come."
  • "I say to those people who are betting against us:  I don't think it's a good idea to bet against movie theaters.  It's certainly not a good idea to bet against AMC.  And I'd like to think that it's not a good idea to bet against Adam Aron, either."
  1. 2,709,393 FTD shares!

April 15:  

J.P. Morgan sells a record $13 billion in bonds to raise cash for some reason

April 16:

  1. SEC approves the following rules:  
  • FICC-2021-001
  • DTC-2021-002
  • NSCC-2021-003
  1. Goldman Sachs sells $6 billion in bonds to raise cash for some reason
  2. Bank of America breaks J.P.  Morgan's 1-day-old record of $13 billion by borrowing $15 billion through the sale of its own bonds.

April 17:

  1. Gary Gensler sworn in as SEC Chairman, where he will serve as Joe Biden's enforcer, the "top cop on Wall Street."  It’s very telling that he was quickly sworn in on a Saturday, which had not happened since 1973 (recession) and 2008 (recession) in order to address fraud.  This is a clear indication that Biden and the SEC are preparing to take similar, emergency action against fraudulent actors and market manipulators.
  2. Bitcoin dropped 15%, as institutions are likely selling Bitcoin to raise the massive collateral that they now require—starting on April 22—to fully insure their lenders, including apes.  (See "April 22" below.)
  3. Is somebody in a hurry?  LMAO!  Lights in Citadel's corporate building suggest that employees worked feverishly at all hours throughout the weekend, including Sunday.  Hmmm . . . .  Desperate much? The stock market was closed, but guess what was open for trading:  Bitcoin.  I suppose that it could be a total coincidence that Bitcoin dropped 15% on Saturday, but I doubt it.  The more likely scenario is that Citadel and other hedge funds caused Bitcoin to plummet by selling Bitcoin to raise a small portion of the collateral that they will need to at least partially insure the lent/borrowed synthetic shares that they overleveraged, as required on or before April 22.  (See "April 22" below.)

April 19:

  1. Morgan Stanley sells $6 billion in unsecured bonds to raise cash for some reason
  2. Infinity Q liquidates its hedge fund amid ramped-up U.S. regulatory probe into hedge fund valuation practices

April 20:

  1. Date by which the share count—which will expose the number of synthetic shares—must be completed, which is 14 days before the shareholder meeting on May 4.

(HUGE NEWS:  After the audit finished on Tuesday, April 20, there were suddenly zero [0] shares available to short, which remained the case for the next 8 days!  That is NOT a coincidence.  Did the recount uncover an insane number of synthetic shares? Seems likely.  That would obviously disallow additional share lending, which is exactly what we saw.)

  1. DTC-2021-007 proposed

". . . market transparency to accurately determine the number of shares loaned, identify proper share ownership, and calculate the risk associated with share loans (all of which is currently self-reported) to prevent over-leveraging in the future."

  1. AMC is buying movie theaters again!  

A cash-strapped company does not buy more brick-and-mortar stores.  Methinks Aron knows that AMC will be coming into a ton of money very soon (or already has).

April 21:

  1. AMC reaches all-time high in short interest at 23.5%

(Keep in mind that the short interest was only 11% before AMC's first squeeze on January 27!  Plus, there are far more apes now.)

  1. AMC reaches all-time record highs of 152,000,000 shares on loan, 100% utilization, and 26.7% borrow fee
  2. Shredding trucks appear outside of Citadel headquarters

"Iron Mountain:  Secure Destruction Your Can Trust"

  1. Charles Schwab raises margin requirement for shorting AMC to 300%!
  2. Motley Fool exposed as a hedge fund.

April 22:

HUGE!

Rule 15c3-3(b)(3) goes into effect.  It "requires broker-dealers entering into agreements with their customers (e.g., apes) who lend the broker-dealers fully-paid or excess margin securities to provide the securities lenders (e.g., apes) with collateral that fully secures the loans."

(Apish:  "Nope, you may no longer engage in your usual trickery.  Rule 008 is pending.  In the meantime, you overleveraged turds must now have the cash/collateral ON-HAND to fully cover every share that you borrow/lend, including unrealized losses!  And, if you scumbags need to borrow more each day, you must also sufficiently increase your cash/collateral ON-HAND to be able to FULLY COVER each day.  No, it's not yet an official law or regulation, but we're watching you.  Rest assured that we will F you down the line if you cross us while Rule 008 is pending.")

April 23:

  1. Following the share count on April 20, Hedge funds have 3 business days (until April 28) to eliminate (i.e., purchase) ALL newly-identified synthetic shares that they created/shorted, or those synthetic shares become "FTD" (failed to deliver).  We don't know if the hedge funds will immediately cover or if they will decide to eat daily fines ***and*** increasingly higher interest rates.  What we ***DO*** know is that hedge funds can't/won't eat massive interest forever, especially as the share price continues to rise and hedge funds' underlying banks threaten to force-liquidate the hedge funds' assets.  Hodling, on the other hand, is 100% free . . . free FREE free.
  2. Notable movies (average of 3.83 per month) releasing in AMC theaters from April 23, 2021 through April, 2022 (in order of premier date):
  1. ETF shares available to short suddenly dropped off of a cliff from 3,800,000 to only 10,940!  (Read why in April 20 entry above.)

April 24:  

The Oscars and Matthew McConaughey officially welcomed Americans back to AMC theaters!

April 25:  

Vin Diesel voices support for AMC theaters

April 26:  

  1. Apes own approximately 87.3% of the float, with increasingly more institutional buyers backing up the truck every week!  
  2. DTCC to abruptly run the yearly market liquidity "stress test" 4 months early (FYI, it's not due until August 24, 2021, so why the urgency? . . .  Hmmmm.)

2021

2020

  1. All-time records keep piling up:
  • short interest
  • shares on loan
  • short utilization (100%!)
  • short borrow fee rate
  • 9 billion shares traded since late January (the most popular stock)
  • Apes own approximately 90% of the company (and aren't selling)

April 27:

  1. AMC's daily share turnover rate falls to a minuscule 2.86%, indicating virtually no selling activity.  (You pesky, retarded, diamond-handed bastards!)
  2. In a monumental win for apes (and with a sly wink from Aron on the 3-month anniversary of the January 27 mini-squeeze), AMC's latest Schedule 14A formally cancels the shareholder vote to authorize 500 million new shares.  The possibility that hedge fund managers could potentially use those new shares to cover is now gone!  The FUD and selling pressure surrounding those 500M potential shares are now gone!  (I believe that Aron never intended to follow through on the vote.  He merely used the vote as the required means to activate a share recount so that he could identify the number of notorious "synthetic shares" that will ultimately represent the final nail in hedge funds' collective coffin!  Whew!  The recount took place on April 20.  Apes will receive the recount results on or shortly after the shareholder meeting on May 4.)
  3. AMC's latest Form S-3 indicates that—over the course of the next 3 years—Aron will incrementally release/sell in a smart, calculated manner the 43,000,000 shares that were already authorized for release way back in 2013.  It's a "Shelf Offering," meaning that the shares can be issued/sold slowly over a 3-year period (and only when it makes sense to do so).  These shares will certainly pose no threat to the pending squeeze.  In fact, to me, it's obvious that Aron's plan is to release shares ***AFTER*** the squeeze in order to capitalize on a much higher PPS.  Everyone wins that way (especially Aron and his two sons, who collectively own 3,600,000 shares)!  
  4. Apparently, AMC is "In Play." The term "in play" refers to a firm that becomes a potential takeover target or puts itself up for sale with multiple bidders.  When a firm becomes in play, news spreads about the potential deal.  Speculation leads the share price to increase in value, making it much more volatile.
  5. LAPD says Deutsche Bank whistleblower is missing

April 28:

  1. As established earlier (see April 23 entry), any still-unpurchased synthetic shares that were identified during the April 20 share recount go into default.  Per SEC rules, hedge funds now have 21 days (which equates to approximately May 19) to purchase those FTD shares or face forced liquidation at the hands of the "big banks."
  2. Bank of America announces early redemption of $2,250,000,000 in senior notes
  3. SEC Director of Enforcement (Alex Oh) Suddenly Resigns for "Personal Reasons"
  4. HUGE!  SEC Commissioner Hester M. Peirce makes extremely telling comments about family offices and hedge funds, referring to them multiple times as "werewolves." She specifically states that she doesn't care if family offices and hedge funds are "losing their fortunes." The SEC will not protect them.  In fact, she wants to make sure that "less well-heeled families can build their fortunes." In other words, she wants retail investors (i.e., "apes") to win/prosper!  Apes now have the most critical of allies!  

(NOTE:  Gary Gensler, the new Chairman of the SEC, is a registered Democrat appointed by Biden.  SEC Commissioner Hester M. Peirce is a registered Republican appointed by Trump.  Both Gensler and Peirce have publicly put targets on hedge funds' backs.  If Democrats and Republicans ***BOTH*** want the hedge funds to go down, rest assured . . . the hedge funds will go down!)

April 30:

Conservatively, there are now roughly 90 million shares that must be covered.

May 1:  

NSCC-2021-005 proposed!  It would raise hedge funds' minimum RFD (Required Fund Deposit) requirement 2,500% (from $10,000 to $250,000)!  NSCC would implement no later than 20 business days after SEC approval.

May 2:

  1. The "bad guys" unleash thousands of bots to post millions of lies and FUD comments in Reddit, Yahoo Finance, Facebook, Twitter, etc.  The hedge funds are more desperate than ever to fool/scare people into selling.  Apes buy more.
  2. Buy orders from overseas brokers and big institutions aren't being fulfilled because there are no real shares to purchase!  (Start watching the video at exactly 6:00.)

May 3:  

  1. Jessica Wachter named SEC Chief Economist and Director of the Division of Economic and Risk Analysis. She specializes in asset pricing models that incorporate rare events and behavioral finance.  Hmmm . . . .
  2. Hedge funds attempt to bribe the owners of "Official AMC Only" Discord with anonymous Bitcoin payments
  3. Hedge funds launch a bot attack encouraging apes to switch to Robinhood.  LMAO!  If a single ape stays with RH after THIS, a straightjacket is in order.
  4. WHALE!  Manufacturers Life Insurance Company confirms a +316.9% quarterly increase to 206,888 shares @ $10.20 per share!
  5. Bloomberg terminal reports phenomenal 98% buying and 2% selling
  6. re:  MBSD Intraday Mark-to-Market Charge Returns to Hourly Assessment

Hedge funds must once again prove on an HOURLY basis that they have the collateral to cover all of their short positions, regardless of amount.  If they can't cover all positions during any particular hour, they will get margin-called!  (See video at 12:50.)

May 4:

  1. Reddit goes down, as predicted by many!  Test run by hedge hackers?
  2. Shareholder meeting, including vote to approve or deny the option for AMC to authorize 500 million new shares for unforeseen purposes (under no set timeframe or shares-per-release)

UPDATE:  Share authorization vote cancelled!

UPDATE 2:  Rescheduled to July 29, with a new qualifying deadline of June 2, 2021.  This gives more time for pending SEC rules to pass and Aron more time to track synthetic shares to bury hedge fund managers even deeper!

  1. "Thar she blows!"  Cowen and Company, LLC buys 191,445 shares after previously owning 0.  FOMO is spreading amongst whales (i.e., institutional buyers)!
  2. DTCC Common Stock Reallocation!  If the hedge funds' required stock purchases don't settle by May 4, they get margin-called!
  3. "AMC to the Moon" airplane banner flies across NYC skyline . . . and Aron loved it!  
  4. Airplanes!  You can now help to raise money for airplane banners at GoFundMe!

May 5:  

  1. NSCC-2021-801 will be approved because—on May 4—the SEC confirmed that it has no objection!  Implementation contingent on NSCC-2021-002 (pending; 5/7 deadline, only because 5/8 is a Saturday).  AMC = Automated Margin Calls.

UPDATE:  Ruling delayed.

. . . June 21, 2021 as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change . . . .

  1. Aron confirms that there are over 3,000,000 shareholders!
  2. Six (6) minutes and millions in volume mysteriously missing from all AMC stock charts
  3. Head of Citadel’s Surveyor Capital steps down

May 6:  

  1. SEC schedules closed-door meeting for 2:00 PM, EST (3 hours before the AMC earnings report live stream at 5:00 PM, EST)!

UPDATE:  Aron rescheduled AMC's shareholder meeting to July 29.  LMAO @ SEC.

UPDATE 2:  SEC then reschedules its meeting to May 7 so that it's after AMC's earnings call and House hearings!  (You can't make this shit up!)

  1. re:  New bill(s) to severely punish/cripple hedge funds

U.S. House Committee on Financial Services hearing on "market maker" and hedge fund fraud involving GME & AMC.  Witnesses testifying include SEC Chairman Gary Gensler and heads of DTCC and FINRA.  Chairwoman Maxine Waters, AOC, et al.  will be grilling witnesses like rabid hyenas.  Up for discussion is a bill that would absolutely destroy hedge funds!  Personal penalties for violators and their associates include:  

  • fine of 100% of realized profit;
  • fine up to the total compensation of the 1- to 3-year period before the violation;
  • prison for up to 5 years.  

Even the threat of this particular bill being passed is a major victory for apes and a devastating setback for hedge scum because the hearing itself will EXPOSE EVERYTHING!

Draft Bill

Hearing Video

  1. AMC reports earnings—via live webcast—a month early.
  • Not a single confirmed case of COVID-19 having spread at an AMC theater.
  • There were over 3,200,000 shareholders as of March 11 (and it is surely at or higher than 3,500,000 now)!  Apes owned more than 4/5 (80%+) of outstanding shares at that time.  The numbers are surely higher now.  There will be an updated count in June.
  • Market share increased from 25% to 33%
  • Raised $2.95 billion in equity over the last year
  • Planning to renegotiate leases with theater building owners
  • $1.26 billion in debt forgiven or transferred to equity
  • 99% of theatres in the USA are open; capacity restrictions quickly reducing
  • As of March 31, total liquidity is $1.025 billion, the most in the 101-year history of the company.
  • AMC and Aron each donating $50,000 to Dian Fossey Gorilla Fund
  • Employing 5,000-10,000 people in coming months
  1. DTCC CEO confirms that there have been no margin calls, so the January-shorting hedgeturds are still "all in."
  2. SEC Chairman Gensler defends apes' use of chat rooms & social media:

It’s free speech.  You should have the right to go to a neighbor & share your investments & maybe why they should invest as well.  I’m more concerned about those engaging in manipulation.

May 7:

  1. AMC = Automated Margin Calls

NSCC-2021-002—the rule upon which the implementation of super critical NSCC-2021-801 is contingent—will be approved if there are no last-second objections.  The SEC has already stated that it has no objection to 801, so the implementation of 002 means that 801 will also be in effect.  Checkmate, hedgeturds!  

UPDATE:  Ugh!  Extension filed for a decision no later than June 21.  It's frustrating, but they're just delaying the inevitable squeeze.

The Commission is extending the 45-day time period for Commission action on the proposed rule change. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider and take action on the proposed rule change.

Accordingly, pursuant to Section 19(b)(2) of the Act7 and for the reasons stated above, the Commission designates June 21, 2021 as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change (File No. SR-NSCC-2021-002).

https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf

  1. B. Reilly reiterates "Buy" rating with $13.00 price target.
  2. ORTEX short interest surpasses 24% and 100,000,000!
  3. In the money!  Apes win the "Battle of $9.50" for 27,279 calls!
  4. Institutional buying continues to skyrocket, led by Alliancebernstein L.P. (Pelosi; +4,324%) and United Maritime Capital LLC (+1,365%)!  FOMO!
  5. "$AMC We Love the Stock!" Another airplane takes flight.
  6. Chance the Rapper announces concert film airing exclusively with AMC
  7. Brokers are starting to limit purchases of AMC stock!
  8. The NSCC quietly filed NSCC-2021-006 to speed things up!  If passed, there will no longer be a 10-day waiting period after any other new rule gets passed.
  9. The SEC suspends dark pool trading!  HUGE!  (However, the scumbags at the NYSE want to give the hedge funds 14 days to secure replacement means to screw apes before the suspension becomes permanent.  SEC Chairman Gary Gensler must say no!)

May 8:

Apparently, CItadel has at least $57.5 billion in open short positions, yet only $35 billion in total assets!  

May 9:

  1. Hedge funds launching intricate FUD campaigns
  2. Gensler and the SEC are going after the Citadel and Virtu roaches for conflicts of interest in relation to payment for order flow.
  3. Citadel will get margin-called last because it has the biggest short position and the most money.  When Citadel falls, that's when we'll see moon rocks.  So, selling early would be a very bad idea!
  4. In the first three months of 2021, Citadel Securities paid more than $475 million to brokers for handling their customers’ stock and option orders, making it the biggest source of payment for order flow, according to Bloomberg Intelligence.  Among the largest recipients of such payments were TD Ameritrade (owned by Charles Schwab Corp.) and Robinhood Markets Inc.

May 10:

  1. Airplane with "$AMC We're Not Leaving" banner to fly over Citadel building in Chicago for 45 minutes!
  2. Borrowing fee rises from 26% to an astonishing 73.2%.  Zero (0) non-ETF shares available to short at market close!  Only 11,220 ETF shares available at close.
  3. E*Trade's margin requirement for AMC is now 800%!  Obviously, E*Trade knows that something big is brewing.
  4. SEC awards another $22 million to two whistleblowers (Hey, hedge fund employees . . . are you paying attention?)
  5. Fintel "Short Squeeze Score" rises to 85.86
  6. SR-ICC-2021-005 approved very quickly!  Hmmm, I wonder why.

This rule helps to mitigate economic damage resulting from member defaults (e.g., margin calls against—and forced liquidations of—hedge funds that are shorting AMC).

May 11:

  1. Borrowing fee rises again to a mind-boggling 216%.  Only 0–2,000 shares available to short at any given time.

CRITICAL:  Ortex has confirmed that the extreme disconnect between Ortex's 216% and Stonk-O-Tracker's 82% is due to Ortex accessing data from 85% of global lenders/brokers.  Fintel and Stonk-O-Tracker access data from only 1 broker!)

  1. There is literally only 1 reason why hedge funds would continue to short at 82%–216% interest: they simply have no choice.  Either they triple-down and hope for an illegal lifeline or they cover now and face immediate bankruptcy.  Imagine this: at 216% interest, a hedge fund that is shorting only $1,000,000 of AMC stock has to pay $2,160,000 per year (or $180,000 per month) in interest.  That is on top of its losses.  
  2. Ice T is on board!

May 12:

  1. Borrowing fee now 89% on Stonk-O-Tracker and 247% on Ortex!

Click here for an explanation of what the 247% Ortex borrow fee means for hedge funds.

  1. Former Wall Street lawyer:

This is bigger than we know. There is an [SEC] investigation into short position trading activity and its relation to clearing trades and market maker activity. . . . The new SEC Chairman is not messing around.

  1. FWIW:

Citadel bribed NYSE through a SuperPAC to make infrastructure changes to the national best bid and offer co-location feed arrangements. They wanted the NYSE to set up tiered services and massive fees, so alternative exchanges would want to integrate their data [in]to the NBBO at slower speeds which puts profit directly into Citadel's pocket.  Because at its heart, Citadel is still a ******* scalper.

  1. Options traders are betting big that AMC is going to $40+ by June 18.
  2. Talk of "margin calls" on CNBC.
  3. Thousands of new apes are joining r/amcstock every day!  Current membership stands at 159,000.  Keep spreading the word, apes!
  4. FICC amends FICC-2021-801 and FICC-2021-003.
  5. Per Ortex, 5 million shares borrowed at 129% today!
  6. The Dow 30 (-681.50 / -1.99%), S&P 500 (-89.06 / -2.14%), Nasdaq (-357.75 / -2.67%), Russell 2000 (-71.85 / -3.26%), Crude Oil (-0.48 / -0.73%), Gold (-6.30 / -0.35%), and Silver (-0.10 / -0.36%) all finished in the red as part of a massive sell-off!  AMC, on the other hand, was green at +0.27 (+2.69%)!  The entire world knows what's coming, and they're all preparing for it.  Nobody wants to hold any non-AMC or non-"Reddit" securities when all of the forced liquidations begin.
  7. The SEC rejects NSXE (14-day grace period)!  Hedge funds' abusive access to certain dark pool data feeds and "dark fibers" that make HFT (high frequency trading) possible is suspended as of tomorrow!
  8. The SEC formally approves NSCC-2021-006 and puts it into immediate effect!

The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)21 of the Act and paragraph (f)22 of Rule 19b-4 thereunder.

  1. According to Yahoo Finance users, E*TRADE is sending email solicitations to its customers to convince them to lend their AMC shares to bail out the enemy!  Screw E*TRADE!

Lend stocks, get paid.
We want to let you know that one or more of your accounts may be eligible for the E*TRADE Fully Paid Lending Program.

Impact on holdings
Securities we borrow from you may be used to facilitate short selling which could contribute to lowering the price of the securities on loan.

That's self-defeating!  Why would anyone willingly lower the price of his/her holdings for some chump-change interest?!

May 13:

  1. Sunshine Act meeting

UPDATE:  Cancelled for the 2nd time!

  1. Citadel's liquidity test takes place!
  2. Adam Aron to Trey: "Short sellers should be shitting their pants!"
  3. Trey will interview Adam Aron again in "early June."
  4. AMC reveals that it raised another $428,000,000 by having already sold the "spooky" 43,000,000 shares at an average price of $9.94.  The news contributed to the share price rocketing up from $10.32 to $14.20, ending the day at $12.77 (+23.73%).
  5. First electronic AMC sign appears in Delaware.
  6. The CDC announces that vaccinated people no longer have to wear masks indoors or outdoors!  So, AMC theaters just got a whole lot more comfortable and attractive to millions of people around the world (especially those with breathing issues)!
  7. AMC is the first theater to offer "Dreamscape" VR (Virtual Reality).  It's available only in Dallas and Columbus thus far, but more locations are coming soon!
  8. What a day!  Various catalysts contributed to the stock price surging as much as 37.5% to $14.20 before closing at $12.77 (+23.73%).  After hours was also quite the rollercoaster ride, ranging from $12.15 to $12.90 and ending at $12.87.
  9. In my opinion, the PPS hit a wall at $14.20 because it was the first opportunity to sell in the green for paper hands who bought in at $14.00 during the micro-squeeze in mid-March.  When they all sold today, that took a toll on the stock price.  Combined with simultaneous selling at $14 by day traders, swing traders, scalpers, and shorts, the price dropped from $14.20 to $12.77.  Rest assured, however, that AMC is primed with rocket fuel for the "Battle of $13.01" tomorrow!
  10. Disney moves from co-release on Disney+ to 45-day exclusivity in theaters.

May 14:

  1. Chance the Rapper tells his 8,000,000 Twitter followers to buy AMC!
  2. Demand for moviegoing is exploding!
  3. B. Riley analyst Eric Wold reiterated a "Buy" rating for AMC stock and raised the price target to $16.00 from $13.00.  Even Motley Stool can't deny the awesomeness without losing the .01 oz of credibility that it has left.
  4. AMC stock surges to longest win streak in nearly 2 years!
  5. Illegal, "dark pool" trading and naked shorting accounted for 57.8% (88,227,728) of the 170,000,000 volume today.  #SECDoYourJob
  6. Rich "Triple Neck" Greenfield insults Trey in a Tweet @ Adam Aron that is also clearly designed to intimidate Aron, with the asinine implication being that Aron is violating SEC rules by communicating certain unknown information to Trey.
  7. The "Battle for $13.01" didn't have the perfect, "storybook" ending for apes, as AMC finished at $12.98 in another nail-biter that was soiled by the usual hedge fund fraud in the final minutes.  However, it's still a massive victory for apes, as almost 95,000 call options (about 9,500,000 shares) expired ITM ("In the Money") from $10.00 to $12.50.  The hedge scum desperately wanted to keep the price below $10, let alone $12.50.  Gamma squeeze potential is looking mighty freakin' good!  Is it Monday yet?
  8. Pressure mounts on the SEC to stop hedge funds' illegal manipulation of the market with naked shorting.
  9. Over 7,400 new apes joined r/amcstock in the last 24 hours!  Keep sending invites—along with this informative timeline—to everyone you know!  More apes = more buying pressure!
  10. New "celebs" are catching the FOMO every day.  Chael Sonnen and Jake Paul hype AMC!  Start watching at 16:55.
  11. In a 13F, Vanguard disclosed its acquisition of 37,441,784 AMC shares.

May 15:

  1. Ortex upgrades AMC to "Type 3" (4.5/5.0) on its "Short Squeeze" scale, which is the highest possible rating.
  2. As of March 11 (per Adam Aron during the earnings call), there were 3,200,000 shareholders who owned over 80% of the 450,000,000 legally-issued shares of AMC stock.  Over the last 5 weeks, the spotlight has shone brighter on AMC than on any other stock in the world.  The publicity has been insane.  The FOMO has exploded.  I estimate that there are now over 4,000,000 apes worldwide holding over 80% of the 493,000,000 legally-issued shares.  (And don't even get me started on the potentially billions of additional, synthetic shares.)

May 16:

  1. Apes launch investigation into why Motley Fool relentlessly attacks AMC.
  2. Rampage Jackson is down with AMC.

May 17:

  1. SEC awards another $32+ million to whistleblowers!
  2. Charles Schwab increases its position in AMC by 102.72% (3,588,724 shares).
  3. AMC's squeeze score hits 10.00/10.00.
  4. After rising (+$0.97 / +7.47%) for the 7th straight regular session, the stock explodes upward in AH (+$1.55 / 11.11%), partly on the news that Citadel may be starting to crack.  Citadel recently bought 71,458 shares at an average price of $10.22, essentially shorting itself in an effort to deceptively counter the massive losses that it knows it will soon sustain.
  5. The 10-day moving average crossed the 50-day moving average on the 6-month chart.  The last time that happened was January 26/27, when AMC rocketed to nearly $25.00 in pre-market on the 27th and nearly $20 in the regular session.  Am I guaranteeing another massive spike upwards tomorrow?  No, but I'm confident enough to have bought 4,700 more shares today!
  6. Based on the smell emanating from Shitadel's headquarters today, many hedgies are—indeed—shitting their pants (or shorts; pun intended).  Adam Aron nailed it!

May 18:

  1. ICC-2021-007 passed and approved today!

ICC-005 was passed and approved just 3 days ago.  Things are moving much more quickly than I anticipated.

This is bigger than ICC-005.  It updates the margin requirements that hedge funds must provide to maintain their positions.  Margin requirements can now increase in real-time based on the volatility and price fluctuations within hedge funds' risky/overleveraged positions, especially their short positions in AMC and GME.

Mediators between banks and hedge funds are getting wary of the immensely high risks these hedge funds are posing to them.  Based on this ruling, if a hedge fund's updated margin (haircut) exceeds the account's capital, the broker can either margin call the hedge fund or force liquidate its positions until the margin no longer exceeds the capital.

In summary, ICC-007 ensures that even in stressed market conditions, the ICC will continue to collect sufficient collateral from its members and that such collateral can be liquidated in a timely manner to meet financial obligations as a central counterparty (mediator between banks and hedge funds).

  1. Eighth (8th) consecutive day of higher lows, higher highs, and higher closes!  AMC is on fire!
  2. According to HypeEquity, social media mentions of AMC spiked more than 800% today, suggesting that a squeeze is potentially imminent.
  3. Searching every day in Google—as many times as possible—for "AMC theatre short squeeze" and other positive AMC phrases will get AMC trending and bring in new apes!  In fact, you can bookmark the search results page for each phrase, place them in your browser's bookmarks bar, and randomly click them all the time!  If 32,000,000 apes start doing this, imagine the positive algorithmic impact!

May 19:

  1. As established earlier (see April 28 entry), May 19 is the deadline for hedge funds to purchase all FTD synthetic shares that were identified during the share recount.  If not, all of their assets can go into forced liquidation at big banks' discretion.  We could be looking at Archegos x 100.

UPDATE:  No, I do not yet know how/if this date has been affected by other recent changes.  When/If I know for sure, I'll amend this entry.  ;)

  1. Massive sell-off in crypto and blue chip stocks continues (in order to gain liquidity for margin calls).
  2. Recent OCC regulatory moves indicate that AMC short sellers may go bust
  3. A record 314 institutions now hold AMC shares, with an institutional position increase of 123% from just 3 days ago!
  4. Hedge funds are desperate to fool apes into selling before the June 2 share-count.  They know that June 2 is their doomsday!  Massive fraud in dark pool trading and naked shorting sank AMC today by as much as 13.4%, finishing at $12.64 (-9.91%).
  5. Margin call essentially confirmed by CNBC!
  6. The danger of using stop-loss orders was highlighted today, as the hedge funds took full advantage of smooth-brained apes.  Stop-loss orders are very, very bad!  The hedge funds used "vertical attacks" precisely to trigger stop-loss orders.  When triggered en masse, the price plummets (today, by as much as 13.4%).
  7. According to Ragnar Ericsson:

Ken Griffin took a $200 million bailout from American taxpayers in 2008.  He just bought a $238 million penthouse apartment while aggressively shorting an American institution in @AMCTheatres. 

  1. There were officially 21,861,633 FTD (Failed-to-Deliver) shares for the month of April!  Keep in mind that this does not include synthetic shares.

April 1:  19,790

April 5:  1,117,734

April 6:  2,223,655

April 7:  793,933

April 8:  197,902

April 9:  48,198

April 12:  13,599

April 13:  453,643

April 14:  2,709,393

April 15:  703,166

April 16:  3,382,090

April 19:  749,943

April 20:  1,065,042

April 21:  286,778

April 22:  1,685,492

April 23:  1,144,738

April 26:  1,946,935

April 27:  2,308,269

April 28:  356,665

April 29:  456,221

April 30:  198,447

  1. SR-OCC-2021-004 passed today!

It's the fourth major rule/law to pass (on record) since May 11, following SR-ICC-2021-005, NSCC-2021-006, and ICC-2021-007.

Goes into effect this week.  Creates a more controlled wind-down process of a defaulting member and decreases volatility in the wake of a collapse.  Could be seen by the OCC, SEC, Berkshire, and BlackRock as a prerequisite to the squeeze-starting margin calls.

  1. re:  SR-DTC-2021-005

In short, SR-DTC-2021-005 will limit the ability of market makers and hedge funds working together to reset FTD transactions and/or conceal short positions through nefarious options trading.  An agent from DTCC confirms that "the filing is currently being finalized and will be filed shortly. . . . [It] will be effective [immediately] upon filing with the SEC [because the SEC already officially stated that it has no objection]."  

May 20:

  1. German and other non-U.S. apes must be allowed to vote and their shares—including synthetic shares—must be counted!  This is critical.
  2. As of the close of business on May 19, Citadel has $234 billion in assets under management.  Blackrock has $8.7 trillion in assets under management, including 24.5 million shares of AMC.  Vanguard has $7.1 trillion in assets under management, including 37 million shares of AMC.  Citadel has 1/68th the net worth of Blackrock & Vanguard.  The obvious conclusion is that Citadel has absolutely no chance of beating Blackrock & Vanguard, especially not with the added might of the ape army.
  3. Sunshine Act Meeting cancelled for the third time.  This is likely because SR-ICC-2021-005, NSCC-2021-006, ICC-2021-007, and SR-OCC-2021-004 were passed this week and SEC investigations are in full swing!  They may also be delaying until after June 2 so that they can be armed with the knowledge of the new share-count.
  4. The success of Godzilla vs. Kong is a "good omen" for the movie industry, says Tribeca Film Festival founder and Tribeca Enterprises CEO (aaaaah, poor hedgies)
  5. AMC is the #2 most-traded stock in Fidelity with 9,000+ buys and only 2,000+ sells.  Webull shows the same order ratio, with buys far exceeding sells.  This ratio has been constant for 2 straight weeks.  It is virtually impossible for the price to be dropping without blatant fraud taking place.  #SECDoYourJob
  6. PROOF OF FRAUD:  "As we speak, our buy orders are going to dark pools while our sell orders are going through the exchange.  This way, buy orders are not having any [positive] impact on price."
  7. "Everything we are witnessing the last few days comes from the hedge fund manual on how to pry shares loose from shareholders, with tricks-of-the-trade and psychological warfare included. . . . They want your shares to cover their massive short positions and all we need do is deny them our shares until they go bankrupt.  You sell, you lose.  You hold, you win.  It's a simple, straightforward exercise that will result in unimaginable payoffs for us longs.  No fear going forward; just create an implacable wall of resistance and we'll all be rewarded handsomely."  — jaykay, Yahoo Finance (not linkable)
  8. Over the last 12 months, almost 218,000,000 FTD shares have been created.  Wow.
  9. Barclays' concerning connection to Citadel exposed by Joshua Jammes.
  10. On or around April 8, 2021, Citadel hired Bank of America's "Head of Flow Trading."  This should be illegal!
  11. Per Laura Marie:

$GME went to $14, $11, $10, up to $19, back down to $16, then down to $13, $12, up to $14, $16, $20, $30, $45, $65, and then BOOM [to $480].

AMC is right on track, apes!  Stay strong in both mind and buying power!

  1. Facebook is deleting AMC groups, including "$AMC STOCK GROUP!!," which had 20,000 members (and growing extremely quickly)!  More collusion between hedge funds and social media?

Citadel owns almost $1 billion in Facebook shares.  That’s why Facebook bans posts supporting AMC and banned the FB AMC group.

Also, Randi Zuckerberg (the sister of Facebook CEO Mark Zuckerberg) is a member of Motley Fool's board of directors.  Yeah, nothing to see here, folks!

  1. CRITICAL:  SEC Chair Gary Gensler says that he will aggressively pursue bad financial actors who are "playing with working families' savings" and "enforce rules aggressively and consistently."  Basically, he wants to cripple all of the unfair advantages that hedge funds use to defraud and steal from retail investors.  Gensler made his remarks at a Financial Industry Regulatory Authority (FINRA) conference with Robert Cook, president and CEO of FINRA, the agency that regulates broker-dealers and exchanges.
  2. SEC sues broker-dealer BTIG, LLC for committing order execution violations, including illegal naked shorting.

Yes, it involves violations that took place in 2016-2017, but It sets a precedent and creates a template for moving quickly against the current, bigger scumbags, which is Gensler's publicly stated goal.  Remember, Gensler just got here, and he's already formulated and filed this first lawsuit to lay the legal groundwork against the big bads.

May 21:

  1. In the "Battle for $12.01," apes emerged victorious!  The PPS closed at $12.09.  A total of 93,388 calls expired ITM.  

APISH:  Every Friday, options contracts expire.  Contracts are sold at .50¢ increments (for example, $12.00, $12.50, $13.00, $13.50, etc.).  By winning again today, apes forced the hedge scum to buy back another 93,388 call options contracts that expired ITM ("In the Money") over $12.00.  Each contract holds 100 shares.  So, at some point, hedge funds must purchase 9,338,800 additional shares on top of the hundreds of millions of shares for which they are already on-the-hook.  The longer they put off buying (i.e., "covering"):

  • the more daily interest HFs must pay;
  • the more vulnerable HFs become . . . and apes know it;
  • the more the price per share goes up;
  • the more contracts expire ITM each week, which compounds HFs' debt and digs their hole deeper;
  • the more FOMO takes hold, bringing countless new investors aboard;
  • the bigger the percentage of the float that apes will increasingly own because APES . . . KEEP . . . BUYING.  Keep in mind that before Wanda sold, Adam Aron confirmed during the recent earnings call that apes owned at least 80% of the float.  Now, due to Wanda selling 30,000,000 more shares between May 13 and May 18, I would assume that apes bought at least half of them.  Therefore, apes likely now own approximately 85% of the known float. Let's not even get into the potentially BILLIONS of synthetic shares that may be revealed on or shortly after June 2 . . . .
  1. According to the "606 reports" for the fourth quarter of 2020, Citadel was a top source of payment-for-order-flow (giving a cash rebate for trade orders directed to it) for each of the following 9 brokers:
  • Robinhood
  • E-Trade
  • TD Ameritrade
  • Charles Schwab
  • WeBull
  • Ally Invest Securities
  • First Trade
  • TradeStation
  • Fidelity Brokerage Services (directed stock and option orders to Citadel, but only received payment-for-order-flow on the option orders)
  1. Yes, according to Investor.gov, what the hedge funds are doing is blatantly illegal.

Market manipulation occurs when an entity artificially affects the supply or demand for a security (for example, causing stock prices to rise or fall dramatically).  Market manipulation may involve techniques including:

  • Spreading false or misleading information about a company;
  • Engaging in a series of transactions to make a security appear more actively traded;
  • Rigging quotes, prices, or trades to make it look like there is more or less demand for a security than is the case.
  1. Apes, please buy AMC gift cards for all birthdays, work celebrations, party favors, holidays, etc.  Spread joy, increase AMC's share price, and potentially recruit new apes to invest all at the same time!  Buying directly from AMC is best because AMC gets the biggest cut that way, but you can also buy AMC gift cards at grocery stores, Costco, and from Amazon.
  2. Short interest is 50%–150% more than what is reported to the SEC!
  3. AMC received a "100% Buy" rating from barchart.com.
  4. Rich Greenfield is potentially part of the SEC's lawsuit against BTIG for committing order execution violations.  The lawsuit supposedly involves naked shorting, as well.  Rich was BTIG's "Managing Director, TMT Analyst, and co-creator of the BTIG Research blog" from March 2010–July 2019 (which covers the timeframe of the lawsuit).
  5. GREAT NEWS:  Wanda has left the building!

We already knew that Wanda sold 21,000,000 shares in March, significantly contributing to tanking the price per share $5.61 (from $14.54 to $8.93) in the 4 trading days from March 18 to March 24.

Today, Wanda revealed that it sold 99.97% of its remaining 30,000,000 shares between May 13 and May 18.  "The shares were all sold through normal open market trading to a widely dispersed array of buyers [i.e., apes] on the New York Stock Exchange."  What does this mean?  Glad you asked!  I have a multi-pronged answer:

  • This time, the price dropped only $2.58 (from $14.67 to the current price of $12.09), proving—beyond a shadow of a doubt—that AMC is strong and resilient.  In terms of its resistance to large sell-offs, AMC is at least 54% stronger and more resilient than it was just 2 months ago!  In fact, when you consider that Wanda sold 30% more shares last week than it did in March, AMC is roughly 75% stronger and more resilient than it was only 60 days ago!  WOW!
  • Wanda—technically, the world's biggest "paper-handed bitch"—can no longer hurt AMC by selling millions of shares every time the PPS hits the $14.00–$14.50 range.  They did it in March and they did it again last week.  If Wanda truly ever cared about apes, Wanda would have sold ON THE WAY DOWN, not pre-$15 in both March and May.  Fortunately, Wanda has no more firepower!  They're done!  Their anchor has been lifted.  The next time AMC hits $14.00, y'all better have your space suits ready!
  • AMC has now completely shed any controlling and/or "influential" interest from Communist China.  Wanda now owns only 10,000 shares.
  • Apes will eventually buy all of Wanda's shares, if they haven't done so already! The paid hedge fund hacks want to convince apes that Wanda's departure doesn't matter; it's "old news" of no consequence.  Wrong.  Yes, we already knew that Wanda planned to sell, but we had absolutely no idea when or for how much. That uncertainty was not only a source of FUD, but it also held down the share price with its "$14 sell wall" and prevented new money from pouring into AMC.  Problem solved!
  • Now, we can all calmly, peacefully ignore the FUD from hedge fund cronies.  They've cried wolf a million times about how AMC is in a "dire" position, but apes now know with 100% certainty that dire wolves are literally extinct.  There will soon be no "wolves of wall street" left, either.  Apes are now the top predators on Wall Street!  The spring is loaded.  I BUY.  I HODL.  I WIN.

May 22:

  1. Adam Aron confirms that the "3.2 million" shareholders figure as of March 11 accounts only for shareholders in the U.S. and Canada!  If we now consider the undoubtedly huge influx of apes since March 11 and all apes outside of the U.S./Canada, I would estimate that there are currently at least 4,000,000 shareholders worldwide.
  2. Oops, did triple neck make a boo-boo?  Apparently, AMC basher Rich Greenfield has been practicing without a license.  Perhaps, Rich shouldn't have challenged apes to "bring it on"?  @SEC_Enforcement will appreciate feedback from concerned parties.
  3. Facebook begins censoring and banning users who post legitimate, verifiable news about Rich Greenfield's apparent involvement in illegal activities.  Facebook falsely claims that such posts "don't follow Community Standards."  Wow.  Remember, "Citadel owns almost $1 billion in Facebook shares."  Also, Randi Zuckerberg (the sister of Facebook CEO Mark Zuckerberg) is a member of Motley Fool's board of directors.  Yeah, nothing to see here, folks!
  4. On May 19, the 3-month daily average volume of AMC was 97.51 million.  Multiply that by 91 days of rolling 3-month average and you get 8,873,410,000 shares—yes, almost 8.9 billion shares—traded in the last 3 months.  That means the entire float would have had to be bought and sold over 19 times!  That seems utterly impossible, considering that non-selling apes own 80%+ of the float.  Hmmmmm.
  5. Citadel got busted for "trading rules violations" by Chinese regulators, so you know that Citadel did some unconscionably shady stuff.  Citadel had to pay a fine of $97 million.
  6. re:  Hedge funds covering when synthetic shares are involved

When a hedge fund is forced to buy/cover a naked short/synthetic share, that share does NOT get placed into the float because it's not an actual share.  It doesn't really exist!  It never really existed.  Therefore, it can NOT and does NOT create more liquidity when sold.  Instead, when a hedge fund is forced to buy a synthetic share, it gets cancelled.  UNDERSTANDING THIS IS KEY.  Buying a synthetic share does not help a hedge fund at all, aside from eliminating an initial barrier to eventually being able to start covering its legitimate short positions.  Hedge funds must buy (i.e., "cancel out") every naked short/synthetic share before being allowed to start covering their legitimate short positions.  In other words, they have no shortcuts or easy ways out!

May 23:

  1. On this glorious Sunday, crypto is getting crushed once again.  It's painfully obvious that hedge funds are in dire need of cash to cover their illegal, naked short/synthetic shares and legitimate short positions in AMC.  Borat:  "Very excite!"
  2. Kevin O'Leary says that apes now have the power!
  3. L.A.M.B.O.H. = Let’s All Make Billions Off Hedgies
  4. A new consensus is developing among apes regarding the tremendous advantage of using "Buy Stop" (a.k.a. "Buy Stop Quote") orders.  Since a buy stop order triggers the buy only when the stock price comes up to meet the target price, it creates buying pressure that makes the price per share go up.  The opposite is true for a "Buy Limit" order, as the buy doesn't trigger until the stock price goes down to meet the target price, which creates selling pressure that makes the price per share go down.  Merrill:

A buy stop quote order is placed at a stop price above the current market price and will trigger if the national best offer quote is at or higher than the specified stop price.  Once triggered, a [buy] stop quote order becomes a market order, and execution prices can deviate significantly from the specified stop price.

IMPORTANT:  Do not confuse this with a "Stop Loss" order (bad for PPS).  The purpose of a stop loss order is to mitigate losses and/or protect gains by way of triggering a sale when the price per share drops more than a predetermined percentage or monetary amount.  That creates selling pressure, which is very bad.  Conversely, a "Buy Stop" order (good for PPS) triggers a buy when the price per share rises by a predetermined percentage or monetary amount.  That creates buying pressure, which is very good.  This can be a game-changer if widely adopted by apes.

May 24:

  1. Me singing: Na-tion-wide is on our side.  The popular insurance provider reported a massive 589.85% increase in its AMC holdings.  Insurance companies are inherently risk-averse and don't gamble.  Rest assured, they know something.
  2. Per Reuters (no public link available):  The week commencing on May 17 was the busiest week in over a year for AMC-owned Odeon Cinemas.  It sold over 300,000 tickets, including very strong pre-sales for Cruella, Demon Slayer, and The Conjuring.

May 25:

  1. Ortex states that 94.58 million shorted AMC shares were reported to FINRA on May 14.
  2. Congratulations, we've finally broken through the sell walls at $14.50 and crossed $15.00!  Isn't it amazing what losing the world's biggest paper-handed bitch (Wanda) can do?  I've been saying that for months!  See, it's true!
  3. PPS hit $16.67!  Apes have them by the throats.  Now, step down hard and twist by slappin' that ask!
  4. Here come the whales!  AMC shares are the plankton.
  5. Anybody have a penny?  I want to buy a share of AMC. . . . Oh, wait, I'm not a delusional shill like Rich "Triple Neck" Greenfield.
  6. Ape pledges to "run down the street twerking with 'AMC' on his or her cheeks and a banana in his or her asscrack."  Hot chick or fat hick?  Film at 11:00.  Back to you, Dan!
  7. Volume for the regular session finished at 202,495,677!
  8. PPS crosses $17.20 in after hours!  The numbers suggest that AMC will easily open over $17.50 tomorrow.  I'm buying 1,000 more shares right now in AH.
  9. Fox News drools all over AMC.
  10. Hmmm, I wonder why there was no AMC-bashing article from Motley Fool today.
  11. Citigroup puts out a completely bogus, utterly nonsensical price target for AMC.  I won't even dignify it with a link.
  12. Hedge funds lost $754,000,000 today alone!
  13. It appears that Interactive Brokers (IBKR) is now warning clients who heavily short AMC and GME that they risk "forced liquidation."  IBKR knows that such shorts represent an imminent threat to IBKR's very existence when AMC moons.  I expect other brokers to follow suit with similar warnings in the coming days.  Here's an IBKR email from May 25:

Dear Client,

Effective May 27, 2021, IBKR will begin phasing in a new margin requirement intended to identify the inherent risk of a portfolio concentrated in one or two equity positions. This requirement will work as follows:

  • We will calculate the potential loss for each stock and its derivatives by conducting a stress test that simulates, at a minimum, a price change in the underlying stock of +/- 30% or, for stocks that have significantly increased in value over the last year, a return in price to the lowest 20-day average price over the year.
  • An account holding a short, concentrated position in small cap stocks will have each stock subjected to a price change reflective of an increase in market capitalization of $500 million (capping the price change at 100% of the current market capitalization of the stock), $250 million (capping the price change at 300% of the current market capitalization of the stock), and $25 million (capping the price change at 2500% of the current market capitalization of the stock).
  • The aggregate projected loss for the one or two concentrated stocks (and their derivatives) from the above scenarios will be compared to what would otherwise be the aggregate portfolio margin requirement, and the greater of the two will be the margin requirement for the portfolio. This differs from the current approach, which only considers the projected loss from a single equity position.

The increase will be implemented in a series of gradual steps over a 15-business day period, beginning after the U.S. close on May 26, 2021, and concluding after the U.S. close on June 16, 2021.

As the margin impact is portfolio-dependent, we recommend that you review the full impact to your account prior to and during implementation. In addition, please take the necessary steps to remain margin-compliant and avoid becoming subject to forced liquidations. To evaluate the full impact of this proposed change on your margin requirements, please see KB Article 2957: Risk Navigator: Alternative Margin Calculator and utilize the margin mode setting in Risk Navigator, select "Margin 20210617."

Consistent with our stated policy, accounts that are unable to carry a position under this new margin requirement are subject to liquidations to bring the account into margin compliance.

May 26:

  1. Big bank CEOs begin 2 days of testifying before Senate Banking Committee (SBC) and House Financial Services Committee (HFSC)
  2. AMC is an extremely strong candidate to squeeze, maintaining its perfect 10/10 on the S3 Short Squeeze Score.
  3. We know that there are 493,000,000 valid shares of AMC stock.  We also know that there were 3,200,000 AMC shareholders in the U.S. and Canada as of March 11, 2021.  Now, consider the insane publicity/onboarding that AMC has experienced over the last 10+ weeks.  Then consider the unknown number of international shareholders.  
    I think we can conservatively estimate that there are at least 4,000,000 shareholders worldwide.  If we then conservatively estimate that they hold an average of 200 shares each, that results in 800,000,000 shares, which is already 38% more shares than were issued by the company.  If you believe, as I do, that the average number of shares per shareholder is closer to 400, we're looking at a bare minimum of 1.6 BILLION shares (meaning that there are at least 1,107,000,000 synthetic shares).  Keep in mind that this is an extremely conservative number.
  4. Another huge day for AMC stock!  Volume surged yet again, this time to 370,071,249.  The PPS reached $19.95 before hitting what appeared to be a hedge fund sell wall.  The PPS closed at $19.56 (+$3.15 / +19.20%).  It hit a high of $19.96 in AH, settling at $19.66.
  5. Hedge scum somehow shorted 30% of today's 370,071,249 volume, yet AMC still rose by 20%!  They dug their graves deeper, only to see the share price increase.  Hilarious!
  6. Today, paid hedge fund shills began posing as apes while posting "sell at $50 on Friday" propaganda in order to fool apes into selling on Friday for $50+ per share.  This tells us two things:
  • They may try to help us reach $50 by Friday in order to fool apes into selling, thereby making those sold shares ineligible for the June 2 share-count.
  • They are admitting defeat.  They're simply trying to mitigate their monstrous losses.
  1. AMC apes + GME apes = unstoppable hedge fund enemy.  We must not forget this fact.  The hedge funds must fight on both fronts when there is no senseless in-fighting between the ape groups.  Our harmony equals the enemy's downfall.  It's that simple.
  2. Kevin O'Leary:

So I've got a little message for you: ape-in and let's moon!  You know what I'm talkin' about.  You guys have to keep up the good work.  You're doing a fantastic job.  You're setting the bar higher all the time.  That's a good thing.  Executional excellence: that's who you are.  Look it up in the dictionary.  That's you!

  1. CFRA upgraded AMC from "Sell" to "Hold" and raised its 12-month target a staggering 720% from $2.50 to $18.00 on 2022 EV/EBITDA of about 37x, well above peers.
  2. The hashtag "#AMCSTRONG" is a top-trending term on Twitter today, along with "#AMC500k" and "#AMCSqueeze."
  3. Rich "1¢" Greenfield made the bitch-move of the century by switching all of his tweets to "protected" status so that only his personal buddies can view them.
  4. Fox News' Charles Payne:

The suits in the financial media are in meltdown mode right now. . . .  The retail investor is here to stay.  GME and AMC are squeezing the shorts dry.  The elites don't know what to do.  They do not want you to win, but I do.

  1. CNBC’s Jim Cramer said Wednesday that he’s not sure why any investors are still betting against AMC:

WallStreetBets [ahem, r/amcstock/] is too powerful, and trying to bet against them right now is just giving them more ammo. . . . I’ve never seen anything like this: a group of buyers with no sensitivity to price. These people don’t have unlimited firepower, but they’ve got enough firepower to engineer a short-squeeze any time a bunch of professionals decide to bet against this thing.

  1. Today in AH could be the last time that we see a PPS under $20.  Based on increasing volume, overwhelmingly positive sentiment, worldwide publicity, momentum, and FOMO, I'm predicting that $AMC will open at $20.50+ tomorrow.  I'm once again backing up the truck today in AH.  In my opinion, anything below $19.80 is a solid bet.  Anything below $19.50 is a steal.  I'm buying accordingly.

May 27:

  1. On the 4-month anniversary of the mini-squeeze on January 27, AMC explodes once again, rising nearly 50% to $29.76 before closing the session at $26.52 (+35.58%)!
  2. Today's volume (688,237,189) nearly doubled yesterday's (370,071,249)!  Ho-ly crap!
  3. AMC obliterated its previous 52-week high of $20.39 by closing at $26.52.
  4. The hedge funds are weak.  They are quickly running out of both ammo and friends.  They put forth a feeble, pathetic attempt to artificially sink the PPS in pre-market today.  With 95% of American apes on the sidelines, hedgeturds managed to lower the price per share by as much as 6%.  However, when the cavalry of American apes arrived on the scene at the opening bell, hedge turds took a major beating.  Did hedge fund managers learn their lesson?  NOPE!  They did the exact same thing in AH today, artificially sinking the PPS as much as 5% to $25.30 before apes stopped celebrating and started buying again.  The PPS settled only 1¢ below the regular session closing price of $26.52.  LMAO!  Thanks for the discounted shares, Ken!
  5. The main AMC stock group in Reddit (r/amcstock/) surpassed 200,000 members!
  6. AMC was the most-traded stock in the world today at $13 billion!  The entire world is buying . . . and watching!
  7. Trey confirmed (0:35) that hedge funds have still not covered any of their short positions!
  8. The June 2 share-count for AMC is literally the most decisive, well-publicized catalyst in the entire stock market this year!  I am officially predicting that we open tomorrow up 17% to $31.00 and push towards $35.00 before lunch.  Volume will surpass 1,000,000,000.  The $50 PPS "ceiling" pushed by hedge fund shills—in order to get apes to sell and have their shares excluded from the June 2 share count—is definitely on the table if apes simply HODL (and aggressively buy whenever possible).
  9. SR-OCC-2021-003 approved by the SEC!  Basically, it forces hedge funds to report their risk daily instead of monthly!
  10. AMC short sellers lost $1.8 billion in just a few days.
  11. Closed-door "Sunshine Act" meeting scheduled for June 3.  It had already been rescheduled on May 13 and then cancelled at the last second on May 20.  It's not a coincidence that it was pushed back multiple times and then magically appears on the docket for the day after Adam Aron finds out AMC's share-count.  Gensler understands that the pending AMC squeeze is potentially going to be the most consequential event involving a single security in stock market history.  He wants to know the updated share-count before making market-changing decisions.  (Yes, I know that other stocks will squeeze on AMC's coat tails, but we're focusing on AMC here.)

May 28:

  1. Opinion:  Due to the June 2 share-count, anything below $30 is a steal at this point.
  2. Just hit $32.99 in pre-market @ 3:35 AM, PST!  See my prediction in the May 27 entry.
  3. If you have ammo, use it today!  It has never been more important.
  4. SELLING IS BAD, ESPECIALLY TODAY!  Why?  Shares that sell today will be in "reconciliation limbo" and not settle by June 2, which means that they will not be included in the share count on June 2.  THAT'S VERY BAD FOR APES!  That is exactly why hedge funds desperately want apes to sell today!  The higher the share-count, the more monetary and legal trouble the hedge funds face.  Apes need as many shares to be counted as possible!  To win, all apes have to do is hodl.  Buying more whenever possible will make the price moon faster!
  5. AMC investors show diamond hands; call hedge funds’ bluff
  6. Hedge funds must pay their massive, monthly interest on shorted shares today!
  7. The hedge funds can no longer manipulate AMC and GME at the same time.  They have potentially mortal wounds.  Apes, finish them!
  8. I'm sorry, but this is the funniest shit I've ever seen!  We can all use a tension-breaker right now, right?  You're welcome.  ;)
  9. AMC, Regal Cinemas, and Cinemark end their mask mandate for vaccinated patrons, essentially ending the mask mandate for all patrons because the theater chains are not in a position to "verify" each patron's vaccination status.
  10. AMC closed at $26.12.  However, it had risen as much as 38%, hitting a high of $36.72 before retreating due to market makers "unwinding their hedges" (selling stock).  That one-time selling action resulted in a "center of gravity" around $27.  The great news: that  anchor has been eliminated.  We're golden for Tuesday!
  11. Apparently, Citadel sold off over $28 BILLION in securities on Friday.  Are they planning to cover on Tuesday, before the share count on June 2?  Hmmm . . . .  There are several different theories.
  12. One of the most "real" statements that I've read thus far:

If you hodl you will be on the receiving end of the greatest wealth transfer in history.  If you sell now, you will live through the next decade of hyperinflation even poorer than you are now.

May 30:

  1. A Quiet Place Part II smashes the pandemic record for a 3-day debut with $48 million, easily surpassing the $32 million of Godzilla vs. Kong.
  2. AMC closed at $26.12 on Friday.  Any retail shorter or hedge fund that owns 1 call option with a $26 strike price (or lower) will automatically own 100 shares per call option on Tuesday morning.  This is true for every call option.  If the holder of the call(s) does not have sufficient cash to purchase each call, the holder will be margin-called.
  3. Not only are hedge fund managers in danger of going bankrupt, they'll also need to brush up on their prison etiquette:

Penalties for specific kinds of counterfeiting vary, but counterfeiting U.S. securities carries a potential fine of up to $250,000 and a maximum of 25 years in federal prison.  Penalties are increased where the crime resulted in financial gain, or resulted in another party suffering a financial loss.  Penalties may be up to double the amount gained or lost.  Issuance of false securities is punished with fines and a maximum 20-year prison sentence.

  1. If you reference GME's historical data, you'll see that it stayed in the $19- to $20-range for about 3 weeks.  If you compare it to AMC price-wise, it took 5 months for GME to squeeze.  Comparing the two, you can see that the 5th month for AMC is June.
  2. The fraud and collusion are staggering.  Adam Aron to international shareholders:

Outrageous but true. Many AMC shareholders live outside the United States.  Especially in the UK and Europe, brokerage firms refuse to facilitate shareholder voting.  Costs the firms time and money to do so.  Any workarounds to the problem violate U.S. law.  Switch brokers, so you can vote!

  1. International apes, please contact your broker to demand the ability to vote so that your shares will be counted on June 2!  Apes in Sweden succeeded!  Their shares will now be counted.  It is critical for ALL other international apes to do the same! You now have the blueprint, thanks to Sweden.  Get it done, brother apes!
  2. AMC banner flies over the Indianapolis 500!
  3. It is critical to remember that hedge funds have been doubling-, tripling-, quadrupling-, and quintupling-down on their shorting since AMC was $5.
  4. The main AMC stock group in Reddit (r/amcstock/) hit the 200,000-member milestone on May 27 and has already surpassed 229,000 members!

May 31:

  1. I believe that tomorrow and Wednesday may be the biggest FOMO days of the year for any stock in any market.  The entire world is salivating over the impact of the share-count on June 2, so the FOMO demand for shares will be through the roof!
  2. Tomorrow, we'll also feel the impact of 191,000 call options (191,000,000 shares) having expired in the money on Friday, May 28.  Shorts enter Tuesday in an extremely weak, precarious position.  Since the PPS jumped to $30.94 (+18.61%) in Germany today, AMC will almost certainly cross $35.00 in the U.S. market tomorrow (and I wouldn't be surprised if it crosses $40).  I'm predicting that $AMC will hit a high of $38.25 and finish the day at a new support level of $32.50.  Volume should surpass 750,000,000.  
  3. Apes' goal should be to close over $40 on Friday.  Based on the options ITM for the next 3 weeks, if AMC crosses and holds $40, the end game will have arrived for the hedge funds.  If the price of AMC is over $40 on June 18th, it seems that a total of 586,175 options contracts will be ITM.  A massive gamma squeeze will be at our fingertips.
  4. Hedge funds are screwed no matter what they do.  Apes, on the other hand, are officially unscrewed.
  5. After rising over 10% very quickly after the German market opened, trading in AMC may have been halted.  AMC finished the day at €25.30 (EUR) / $30.95 (USD) (+18.61%).

June 1:

  1. Today may be the last day to purchase shares below $30 before Adam Aron announces the share-count on or shortly after Wednesday, June 2.  If you don't hold shares by the close today, you may never be able to afford shares again.  Please note that when the PPS spikes from $30 to $120, for example, it will suddenly be 400% more expensive to "buy back" shares.  Before you know it, the PPS will be $500+ and you'll be left in the rear-view mirror.
  2. CEO Adam Aron is going on the offensive yet again, raising another $230 million by selling 8.5 million shares (about 1.7% of those outstanding) to existing investor Mudrick Capital Management at $27.12 per share—nearly 1,400% the price at the start of the year.  Aron intends to make "value creating acquisitions of additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres."  In a statement, Aron said the improved liquidity would be used "primarily" to help AMC grow, and he teased that the company has been in discussions to acquire "superb" theaters from Arclight Cinemas and Pacific Theatres.
  3. Mudrick Capital Management sold all shares for a quick profit.  Bad news?  NOPE!  Apes did not hesitate to snatch them up!  Apes now own what I estimate to be 85% of the float!  The more shares apes own, the less hedge funds' fuckery can hurt apes and the more violent the inevitable squeeze will be.  FYI, Ken Griffin apparently owns 4% of Mudrick. Hmmm . . . .
  4. Shorts lose yet another $591 million today alone (over $1 billion if we count after hours)!  Makes ape feel all tingly inside!
  5. Relentless shills are proof that AMC is getting closer to the moon launch.  If AMC weren't such a threat, would hedge funds be sending millions of dollars in untraceable Bitcoin payments to foreign stooges to illegally attack and libel AMC every day?
  6. What a day!  AMC closed the regular session at $32.04 (+22.66%), after having reached a high of $33.53 earlier in the day.
  7. Matt Kohrs brings massive, mainstream media exposure to AMC stock via his interview on Fox News Business with Charles Payne!  (No, he definitely should not have referred to it as a "swing trade."  He also should have pushed back extremely hard against any suggestion that AMC is overvalued.  All-in-all, this interview stands as a huge win!)
  8. AMC hits $39.40 in AH (+22.97% over the closing price and +44.25% overall for the day), nailing the $38.25 that I predicted yesterday in the May 31 entry.  I'm so happy for myself, but even more happy for those less fortunate, struggling apes who may have independently acted upon my DD-based price predictions the last few days.
  9. AMC absolutely obliterated its previous all-time high of $36.13 from March 22, 2015 by hitting $39.40 in AH today.  It's hard to believe that AMC hit an all-time low of $1.95 on April 12, 2020.
  10. JG Savoldi, inventor of the BAM model of market analysis, says that we could see a PPS of $280 this week if we maintain strength around $32.  JG has been spot on (almost to the penny) with his weekly analysis for months.
  11. As of June 1 at 19:32, there were once again 0 shares available to short.
  12. Ortex:  +6.15 million shorted shares and +4.61% short interest.

June 2:

  1. WOW!  Here we go!  AMC skyrocketed 165.48% to reach a high of $72.62.  It closed at $62.55.  (Sorry, apes, but the June 2 entry isn't as detailed as it should be because I was quite sick—on the most exciting day of the year so far—and unable to take my usual real-time notes on all developments.)
  2. According to Cristhian Andrews, a hedge fund illegally created 3 billion fake/synthetic shares when the price was at $6.
  3. AMC launches "Investor Connect," an innovative, proactive program that puts AMC in direct communication with shareholders to keep them up-to-date about important company information and to provide them with special offers.
  4. Per Adam Aron, please note these critical distinctions:  the updated share-count (shares issued and outstanding) will be completed & released on June 2 (or "first week of June"), while the vote recount starts on June 2nd and ends on July 29.

In order to qualify to attend and vote at the rescheduled shareholder meeting on July 29, apes must own shares (i.e., "be on record") before Wednesday, June 2.  Also, please note that your share purchase(s) must have settled (i.e., "been on record") before June 2 in order to be included in the share-count.  If you buy on June 2, your shares may not settle for 1-3 business days thereafter, and you will not qualify to attend the meeting, vote, or have your shares counted.  So, to be safe, you should buy shares no later than Friday, May 28 because the markets are closed on Monday, May 31 in observance of Memorial Day.

Email response from AMC regarding share-count and vote-count:

If you own shares as of June 2, 2021, the brokerage firm that holds your shares will provide you with updated proxy and voting information.  If your brokerage firm does not allow voting, you can do two things:

  • You will be able to contact our proxy solicitor after the new proxy materials are issued to see if they can confirm your ownership, and if they can, you can vote through them. The information about our proxy solicitor will be available when we update the proxy materials. Be sure to sign up for AMC news here: https://investor.amctheatres.com/resources/email-alerts/default.aspx
  • Transfer your shares to a brokerage firm that does allow voting.

June 3:  

  1. Closed-door "Sunshine Act" meeting (rescheduled twice, from May 13 and May 20).  It's not a coincidence that it was pushed back multiple times and then magically appears on the docket for the day after Adam Aron finds out AMC's share-count.
  2. AMC sells 11.55 million shares at-the-market, raising $587.4 million in additional equity capital.  AMC now has $2 billion (cash) in the bank.
  3. Word-of-the-Day:  Perspective

What a rollercoaster ride!  The PPS dropped from $62.29 to $37.66, rose all the way back up to $68.80, closed at $51.34, and then finished AH at $47.50.  Insane.  Yes, overall, it was a tough day, as AMC dropped 17.92% to $51.34 in the regular session, followed by another drop of 7.48% to $47.50 in AH.  I want you to keep in mind, however, that we were at $8.93 on May 6.  We then rose to $14.67 on May 18, $19.95 on May 26, $36.72 on May 28, and $72.62 on June 2.  That's an increase of 713% in just 27 calendar days!  We were due for a pullback, which was entirely expected.  There will be many ups and downs.  That's part of the game, and apes are decisively winning the game!  Remember: it's a marathon, not a sprint.  AMC is still up a staggering 247% in the last 4 trading days!  It's very important to maintain perspective.

  1. Fintel's "Short Squeeze Score" increased from 55 to 99.84/99 today!
  2. Trey interviews on Fox Business.
  3. Goldman Sachs, Bank of America, Raymond James, Citigroup, Jefferies and other brokers have banned or severely constrained shorting of AMC!  This is HUGE!
  4. Hedge funds blatantly broke the law by ladder attacking both AMC and GME at the exact same time, causing almost the exact same chart patterns.  This is the perfect evidence to prove that hedge funds are illegally manipulating the market.  It's literally comical how brazen and obvious the fraud has become, yet the SEC continues to do absolutely nothing tangible/meaningful to stop the abuse.
  5. On an overwhelmingly positive note, apes showed that they can diamond-hand through even the most extreme storm of fraudulent, illegal attacks that the HF scum can muster.
  6. Korean investors snapped up $225 million of AMC shares from Monday-Thursday, according to Korea Securities Depository data.  That total is nearly 300% of the amount spent on the second-most-purchased counter, Tesla, at $82 million.
  7. Retail traders in India are becoming apes, too!
  8. What was officially confirmed today about AMC:
  • fundamentally sound;
  • no short-term debt, with most debt put off until 2025-2026;
  • no more shares available to dilute;
  • will grow by acquisition and other avenues;
  • over $2 billion in cash-on-hand, so not going bankrupt . . . period.
  1. In his second interview with Trey's Trades, Adam Aron made the following points:
  • The 20 million already-approved shares that AMC sold for $817+ million over the last week to Mudrick (8.5 million shares) and at-the-market (11.5 million shares) had already been set aside as officer compensation via AMC's "Officer Incentive Plan."  However, instead of lining their own pockets, all officers agreed to sell the 20 million shares with the specific goal of increasing shareholder value by paying off debt and/or acquiring other theater chains!  That's a big win for apes!
  • Mudrick never stated that AMC is "overvalued"; that is a lie.
  • AMC now has over $2 billion in cash-on-hand.
  • Plans to acquire more theaters
  • AMC has only 46,000 shares remaining at its disposal, so apes should have absolutely no fear of further share-selling or dilution.
  • The vast majority of AMC's debt is not due until 2025 and 2026, giving AMC 4-5 years to pay that debt while it makes substantial income each year.  They can also refinance the debt, including pushing out due dates to far beyond 2026.  
  • Quote:  "I am not concerned about our debt situation IN ... THE ... LEAST."
  • On June 2, AMC accounted for 11% of all options trades of all U.S. companies in the entire stock market!
  • The 501.8 million share-count is a "base" number of only the known, authorized shares.  On June 9, Aron will provide a more detailed share-count.
  • Quote:  "1.  I have given no serious thought to splitting or reverse splitting our stock.  2.  We have no plans to split or reverse split our stock.  3.  We can't split our stock in any way without shareholder approval!"

Full Transcript

June 4:  

  1. The hedge scum unleashed an avalanche of illegal selling via ladder attacks to bring the price down to $47.91 at the end of the regular session.  The illegal attacks continued in AH, with the PPS dropping another 8.75% to $43.72.  #SECDoYourJob
  2. The main AMC stock group in Reddit (r/amcstock/) hit the 200,000-member milestone on May 27 and has already surpassed 288,000 members just 8 days later!
  3. Get to know the senior officers at AMC who sacrificed 20 million shares in compensation in order to strengthen AMC for the benefit of shareholders.
  4. Per Ortex, shorts borrowed another 3.32M shares yesterday and returned only 175K.  Since May 20th, the number of short shares borrowed has increased by approximately 15 million.
  5. Shorts are losing millions—sometimes billions—per day.  They simply can't continue to lose that much daily.
  6. At the $47 call option, there were 108,466 contracts in the money. which is $364,817,850!  At the $48 call option, there were 116,740 contracts in the money, which is $404,533,050.  So, apes forced hedge funds to purchase another 225,206 shares for $769,350,900!  And that doesn't even include all the contracts at $45.50 an under!
  7. A hedge fund attorney threatened Cristhian Andrews today for doing nothing more than stating the fact that creating synthetic shares is illegal!
  8. TDAmeritrade is now limiting AMC trading to cash only; no margin.
  9. CNBC matter-of-factly admits on live TV that synthetic shares (i.e., "naked shorts") are very much real.  They also acknowledged that hedge funds hire shills to infiltrate Reddit.  Can you say "CA-TA-LYST" for Monday morning?  If you bought shares today, especially at the low $40s in after hours—congratulations!  Twitter is going bonkers!

June 5:  

  1. Apes, you have one job this weekend: relentlessly spread the word about #NakedShorts.  It's trending on Twitter.  Let's continue to blow it up on all social media platforms so that the SEC simply can't ignore it any longer.  RECENT PRECEDENT HAS PROVEN THAT SOCIAL PRESSURE AND SHAMING GET RESULTS!  Include these hashtags in all of your Twitter and Facebook posts: #NakedShorts, #NakedShorting, #AMCstock, #AMCsqueeze, #MOASS, #ApesTogetherStrong, #AMCstrong, #AMCarmy, #AMC, and #AMCtimeline (include a link to this Google Doc to bring all new recruits up-to-speed).
  2. Sign the Change.org petition for the SEC to investigate naked shorting of AMC stock!

Update:  After garnering 13,461 signatures and many donations, the petition starter ("Gary Hill") abruptly closed the petition.  He posted the following statement:

I was asked to close the petition over concerns of privacy.

It seems more likely that he was threatened.

  1. Hedge funds covered only 1.6% of their shorted shares last week, and the PPS increased by 83%!  If we mathematically extrapolate for the remaining 98.4%, the author suggests a price of $2,485.60+ per share.
  2. Charles Payne (official silverback) is no bandwagoner.  He's been with us from the start.  He now plans to "bring the pain" to hedge funds by further exposing and criticizing naked shorting on Fox Business!
  3. The LIVE video conversation between @TradesTrey and @BAMinvestor was hacked by unknown entities just as they were beginning to discuss really juicy, specific details about a particular hedge fund's illegal market manipulation.  It wasn't just a DDoS attack, either.  Trey's physical computer literally melted, as well.  Wow, just wow!  I've already placed a market order to buy 500 more shares at open on Monday.
  4. Hedge funds will start turning on each other soon because whichever one covers first will suffer the least damage.  To speed up the process, someone should compile a list of the various hedge funds' social media accounts so that apes can message them or tweet at them about the "need to act first."

June 6 (Sun):  

  1. Just a friendly Sunday reminder: hedge funds don’t care about you.  In fact, they wouldn't piss on you if you were on fire.  They're now feigning concern that "people may lose money investing in AMC," which is our unquestionable proof that they are shitting their pants in fear of the MOASS.
  2. The main AMC stock group in Reddit (r/amcstock/) hit the 300,000-member milestone only 10 days after surpassing 200,000!  Smokin'!
  3. BMO (Bank of Montreal) is now restricting both naked options and shorting of AMC!
  4. When Robinhood restricted buys on GME and others earlier this year, it caused a big sell-off.  Why?  Investors don’t like uncertainty or having their hands tied.  This is now true for hedge funds.  The big banks are taking away their power.  Remember, Goldman Sachs, Bank of America, Raymond James, Citigroup, Jefferies and other brokers banned or severely constrained shorting of AMC!  Hedge funds will inevitably run for the exits and therefore create a big short squeeze.  This new development is really going to hurt anyone who is currently short the stock.  How high will it go?  Not sure.  It depends on the buying pressure beginning on Monday morning.
  5. "Russell 1000, yeah."  Barring an absolute catastrophe, AMC will be shifted from the Russell 2000 (small cap) to the Russell 1000 (large cap) on June 25.  This is massive news for $AMC!  More exposure, more perceived trustworthiness, and more institutional buying come with being a top-1,000 company!  The shift hinges on the value of AMC's market capitalization remaining above $5.2 billion (minimum of $10.13 per share) at the close of business on June 25.  That shouldn't be a problem.  As of the close on Friday, June 4, AMC's market capitalization is $24.6 billion!

June 7:  

  1. Eh, just another ho-hum day for AMC, closing at $55.00 (+$7.09 / +14.80%) in the regular session and $56.40 (+$1.40 / +2.55%) after hours.
  2. Brokerage billionaire Thomas Peterffy, the founder and chair of Interactive Brokers, warns shorts and other hedge funds against continuing to short AMC:

It is extremely tempting to short [AMC], but unless you have huge liquid resources, please try to resist the temptation.  These prices can go to unimaginable highs before they settle down to a reasonable valuation, and you may have to cover on the high point.

  1. Media shills are already trying very hard to convince people that AMC will not be moved to the Russel 1000.  The lady-man doth protest too much!
  2. As many of you know, the MSM is intentionally confusing new investors into buying AMCX instead of AMC.  Be aware!  Spread the word and shame them whenever you see it!
  3. The hedge funds are "stop-loss hunting" like never before.  Apes must do a better job of actually REMOVING all stop-loss orders for their AMC holdings!
  4. Punishment for white collar crime against AMC stock should now include jail time, not just fines that are utterly inconsequential "business expenses" to hedge fund managers.
  5. On Fox Business, Charles Payne interviews lawyer Wes Christian, a U.S. legal expert on naked short selling!  The Texan calls it like it is:

Naked shorting is when sellers sell stock that they don't have.  In Texas, we call that stealing.

  1. Speaking with Matt Milleron on "Bloomberg Markets," S3 Partners founder Robert Sloan explains why AMC is such an extremely high short squeeze risk. He also stated—with astonishment—that hedge funds lost $2 billion shorting AMC last week alone.
  2. FINRA proposes changes to Rule 4560 that would increase the required frequency of short-interest reports from twice a month to weekly or even daily.  The change would require clearing firms to report synthetic short exposure—bets made against shares via derivatives—in firm and customer accounts.

These potential changes could improve the usefulness of short sale-related information to FINRA, other regulators, investors, and other market participants.

  1. FINRA proposes a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver (FTD) positions! 
  2. TD Ameritrade seemingly admits to colluding with market makers on price fixing.
  3. Mainstream media outlets seem to have suddenly and collectively changed their tune about AMC over the last week, particularly today.  Out of nowhere, the new media consensus seems to be that AMC is "dangerous to short" and can reach "$2,000 per share."  Basically, they are promoting a "fake squeeze" with a 2K ceiling.  In my opinion, the media overlords (i.e., hedge fund managers) have finally conceded that they've lost.  They know that the AMC squeeze is inevitable.  Their only hope of survival now is to fool investors into believing that 2K is the max so that everyone sells on the way up towards $2,000 per share, rather than on the way down from $100,000+ per share.
  4. For what it's worth, the SEC claims to be watching AMC like a hawk.

SEC staff continues to monitor the market in light of the ongoing volatility in certain stocks to determine if there have been any disruptions of the market, manipulative trading, or other misconduct.  In addition, we will act to protect retail investors if violations of federal securities laws are found.

June 8:  

  1. Comparatively uneventful day in price action.  Opened at $57.16, low of $52.77, high of $60.62, and closed at $55.05 (+$0.05 / +.09%).
  2. Hedge funds began investing heavily in shill articles that focus on trying to convince apes to put money into other meme stocks that are conveniently experiencing positive price movement right as AMC is about to explode into the MOASS.  DO.  NOT.  FALL.  FOR.  IT.

June 9:  

  1. Hedge funds ladder attack and trade back-and-forth with each other to drop the PPS by 10%.  Apes buy more, increasing their overwhelming stranglehold on the float.
  2. Adom Aron confirms that as of June 2, AMC had 501,780,240 outstanding shares.  The number of shareholders in the U.S., Canada, and abroad has increased to 4.1 million, with an average holding of 120 shares.  This means that apes own 492,000,000 out of 501,780,240 total, legally authorized shares. That, in turn, means that apes own a staggering 98% of the float (i.e., all legit shares outstanding)!
  3. On Fox Business, Charles Payne and Trey drop the hammer on hedge funds' dirty dealings.
  4. Melissa Lee is back!  She addresses hedge funds' blatantly illegal practice of naked shorting with former SEC lawyer, Jacob Frenkel.

June 10:  

  1. S&P boosts AMC's credit rating!  If AMC uses its cash to pay down debt, refinances expensive debt incurred during the pandemic, and sees improved theater attendance, it has "a path to a sustainable capital structure," S&P analysts wrote, adding that they may upgrade the movie theater chain again in the future.
  2. On Fox Business, Charles Payne and Matt Kohrs shed light on dark pools and hedge funds' other illegal activities.
  3. Hedge funds once again illegally create fake selling volume to drop the PPS to $42.81 (-13.23%).  Apes aren't falling for it!  Apes laugh.  Apes aren't leaving!  Apes buy more!
  4. Apes counterattack in the after hours session by bravely buying the artificial discount, driving the PPS up to as high as $46.50 (+8.61%), closing AH at $45.65 (+6.63%).
  5. The main AMC stock group in Reddit (r/amcstock/) hit the 325,000-member milestone only 4 days after surpassing 300,000!
  6. The SEC hasn't been prosecuting naked shorting cases to this point because they aren't "sexy" (start at the 4:45-mark in the video).  Excuse my French, but what a fucking joke!  The CNBC host then calls out the lawyer for "turning a blind eye" to the fraud (start at the 8:00-mark in the video).  

June 11:  

  1. VERY INTERESTING:  Apparently, a company is not allowed (p. 56) to report more votes/shares than it has issued!  That could be why Aron has not done so.  Legally, AMC can't report any votes/shares over 100%, unless Aron hires an auditor to fix it and report the overage on an 8-K.  Is that move already in progress?  I don't know.  That's literally the "$1,000,000 question."

According to the Securities Industry Association, in an April 2005 letter to the NYSE, they detailed the system of pro rating the votes based on the number received according to the number eligible.  If a broker receives 20 percent more votes than it has aggregated shares for, then it simply reduces the vote totals in each category by 20 percent.  It is a simple system, but one that offers the potential of throwing out legitimate votes while retaining illegitimate votes.  It also offers the potential for allowing the same share to be voted multiple times.

  1. On Fox Business, Charles Payne and Lisa Braganca (former SEC lawyer) expose the antiquated SEC rules and lack of rule enforcement that enable hedge funds to engage in illegal trading practices behind closed doors.  It has created a blatantly unfair market for retail investors.  They address the need for more transparency at the DTCC.
  2. Great day!  AMC reached a high of $49.60 in the regular session, closing the day at $49.40 (+15.39%).  Is it Monday yet?
  3. An additional 90,008 call option contracts finished ITM at the $45-level, meaning that hedge funds must purchase an additional 9,000,800 shares!
  4. The Federal Reserve schedules an emergency, closed-door meeting under "expedited procedures" for June 15 (Tues).  Hmmm . . . .
  5. A Quiet Place 2 set a pandemic-era record by becoming the first movie to earn over $100,000,000.  What's even more impressive is that it reached the $100M-mark at a pre-pandemic pace.

June 13:  

  1. PENDING CLARIFICATION:  As of June 9, the Feds have initiated $720 billion in reverse repo returns, whereby institutions and hedge funds must—within 15 days—return $720 billion that they borrowed from the U.S. government.  Even if hedgies borrowed only U.S. bonds (as opposed to cash) in order to satisfy collateral/liquidity requirements, the big banks won't like hedge funds' loss of collateral/liquidity after the hedge funds return the bonds to the government.  As a result, margin calls will become much more likely.
  2. In the German market over the weekend, AMC closed at a converted-to-USD figure of $51.82, which constitutes a gain of +4.9% over the U.S. closing price ($49.40) on Friday!  Let's go, 49ers!  Wait . . . hah?  Ape easily confused.
  3. Evidence indicates that David Inggs is "Global Head of Operations" at Citadel and Citadel Securities.  He's also on DTCC's Board of DIrectors!  What the titanic fuck?  Can interests get any more conflicted?  Ingss has a huge voice at the table when DTCC board members are deciding how to rein-in illegal hedge fund activities!  Furthermore, David Ingss' brother (Sean Inggs) is "Fund Director" at International Management Services, Ltd., which provides directorship services to Cayman Islands funds.  And there you have it, folks: the 3-headed beast is alive and well.  Apparently, CItadel's "Master Fund" has over $200 billion in Cayman Islands accounts.
    (Source: Hedgeweek.com)

David Inggs is Global Head of Operations at Citadel and Citadel Securities, and is responsible for all products across Asset Servicing, Billing, Cash Management, Clearing, Collateral Management, Reconciliation & Control and Settlements.

June 14:  

  1. The 6 trading days from June 14–June 21 constitute, in my humble opinion, the most important period thus far in the AMC saga.  See the entries for June 18 and June 21 to understand why.
  2. AMC documentary producer goes full ape on live TV.  Love it!
  3. Hedge funds are misappropriating the photo of a tragically deceased girl as part of their illegal shilling campaigns.  Repulsive!

UPDATE, June 15:  They got caught trying to cover it up.  Prison, now!

  1. After reaching a high of $60.55, AMC ended the regular session at $57.00 (+7.60/+15.38%).  It climbed another 1.81% in AH to close another green day at $58.03.
  2. Hedge funds and retail shorts lost another $455 million today.  This pleases me.
  3. Starting tomorrow, the hedge funds will do whatever they have to do—legal or not—to drop the price below $40 on or before Friday, June 18, in order to avoid at least 107,000 additional call option contracts expiring ITM at $40.  Rest assured, it's coming.  Don't flinch, apes!  It's expected.  Smile and buy more.  Dance on their grave later.

June 15:  

  1. Relatively uneventful day in price action.  After reaching a high of $64.70, AMC closed the regular session at $59.04 (+$2.04 / +3.58%).  Hedge fund laddering in AH lowered the price to $57.85 (-2.02%).
  2. When $AMC was $1.91, they said it was going bankrupt
    $5.50, they said it wasn’t worth a dollar
    $8, they said nobody goes to the theaters anyway
    $15, they said it’d never touch $25 again
    Now it’s $57 and they say the squeeze won’t happen
  3. Reminder:  remove all sell orders!  They contribute to delaying the squeeze because they create selling pressure.  They also make easy targets for hedge funds when they are "stop-loss hunting" during run-ups.  You're hurting yourself and every other ape.
  4. Hey, SEC, the world is watching.  Go after the bad guys, not the good guys!
  5. There is no such thing as "AMC Day."  It was manufactured and planted by hedge fund shills to create the illusion of collusion between apes.  Apes can't plan shit!
  6. Trey kills it in a live TV interview.  The kid is getting better each time!
  7. Apes can now join the class action lawsuit against RobinHood.  Get justice for RobinHood blocking your ability to buy AMC shares on or around January 28, 2021.  Isn't it odd how buying was forbidden but selling was allowed?  That stopped the developing squeeze in its tracks and handed a victory to the hedge funds.

The lawsuits variously seek to recover damages for those affected by Robinhood's alleged market manipulation in violation of Sections 9(a) and 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. §§ 78i(a) and 78(j)(b), and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission (17 C.F.R. § 240.10b-5).

According to the lawsuits, Robinhood engaged in illegal market manipulation by restricting trading of some or all of the Affected Securities. The manipulation depressed the value of the Affected Securities causing substantial losses to investors. On the other hand, the alleged manipulation bestowed significant benefits to those who had short positions on the Affected Securities, including hedge funds.

  1. CATALYST ALERT!  AMC Theatres is nearing a deal to take over two extremely high-profile, Los Angeles-area movie theaters located in two prime, outdoor shopping malls: The Grove in West Hollywood and The Americana at Brand in Glendale.
  2. CATALYST ALERT #2!  This could finally be the end of naked short selling and illegal rehypothecation of shares!

The DTC has finally re-filed and simultaneously approved SR-DTC-2021-005!

The proposed rule change was approved by a Deputy General Counsel of DTC on June 15, 2021.

For those who don't know, 005 was withdrawn "temporarily" to purportedly address "technical formatting issues."  It was supposed to take a week or so to "fix," but it inexplicably took months.  Now that it has finally been approved, 005 will prevent loaned/shorted shares from being loaned/shorted more than once.  More specifically, when a stock is traded through the DTC:

  • it must be owned by the person who is trading it;
  • a name gets assigned immediately after the stock gets traded from the seller to the buyer;
  • the seller must mark the stock as "sold";
  • once a stock has "sold" status, the seller cannot use it for any other transactions.

TL;DR:  SR-DTC-2021-005 prevents loaned/borrowed shares from being loaned/borrowed more than once.  It also prevents market makers from continuing to illegally reset FTD transactions because they are no longer able to conceal short positions through deep-in-the-money options.

June 16:  

  1. Dark pool volume tripled the moment AMC hit $60 . . . and 99% went unreported.  Hedge fund managers are petrified of $60+ consolidation.  Nobody's selling.
  2. Evidence suggests that the number of phantom shares may be approximately 400,000,000.  Dark pool holdings have a balance of -$21,349,880,000 (yes, that's negative $21.35 billion).
  3. The main AMC stock group in Reddit (r/amcstock/) just surpassed the 345,000 members only 10 days after surpassing 300,000!  Blazin'!
  4. Apes begin to receive emails from AMC regarding how/when to vote!  The overwhelming consensus amongst apes is to "Just Say NO" to the 25,000,000 new shares.  Adam can dilute all he likes after the squeeze.  It's OUR turn to prosper.  Apes saved AMC, and now AMC needs to save apes.
  5. Ortex reports a strong buy signal, with a potential squeeze in as few as 2 days!
  6. Over 60% of today’s volume was transacted off-exchange in dark pools.  Wow.
  7. Blatantly illegal, dark pool trading dropped AMC's price 6.54% to $55.18 in the regular session.  They threw the kitchen sink at apes today, but it still finished up a penny to $55.18 in AH. At this point, I'm starting to feel embarrassed for Kenny.  A couple months ago, today's acts of fraud by hedge funds would have dropped AMC's price  by 30%+.  Those days are long gone and will never return!  Recent history tells us that the best hedge funds can do now—on their best day—is drop the price by roughly 15%, and that's when they have all guns blazin'.  Every time they pull illegal fuckery to create artificial selling pressure, they have less ammo the next time because APES BUY AND HOLD ALL EXTRA SHARES THAT ENTER THE FLOAT.  In my estimation, apes now own at least 85% of all legitimate shares.  Apes hold; apes win.  That is a literal fact.
  8. My fellow apes, the evil empire is getting weaker!  Starting exactly 2 weeks ago on
    June 2, the evil-doers were able to crash the price from $74 to a low of $39 (-$35) in a couple of days.  The last couple of days, however, they've thrown the kitchen sink at apes because they're deathly afraid of AMC closing above $40 on Friday, June 18, but they could only manage to drop the price from $64 to a low of $52 (-$12).  Apes diminished Hedge funds' power by 67%!  How?  Apes dominate the float, and the noose has been getting tighter every day for various reasons, including a steady stream of new laws/regulations!  Also, shorting is expensive.  Holding is free.  Apes hold; apes win.
  9. CONGRATULATIONS, APES!  We've finally reached the point at which social saturation is so significant that the SEC can no longer look the other way or feign ignorance without incurring the wrath of millions of apes around the world, as well as forever tarnishing the reputation and perceived trustworthiness of the stock market.  Today, both Gary Gensler (SEC Chairman) and Stacey Cunningham (NYSE President) acknowledged that dark pool trading not only exists, but it's a big problem:

In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic. . . . [P]rice formation is not really reflective of what supply and demand is.

June 17:  

  1. Heading into the pivotal days of Friday, June 18 and Monday, June 21, I really want to drive something home for you guys!  Don't let anyone tell you that the "squeeze already happened."  That's utter horse shit.  Look at "Average Days on Loan."  It's 55.26, meaning that the average hedgie has been holding a short position for 55 days.  The price of AMC 55 days ago was ~$10.  At a PPS of $55, they're under water by up to 450% and have absolutely no answers if apes simply HOLD.  Apes hold; apes win generational wealth.  It's that simple.
  2. Great day!  After reaching a high of $63.83, AMC closed at $60.73 (+$5.55 / +10.06%).
  3. Trey and Matt interview with Melissa "Naked Shorts, Yeah" Lee.
  4. Here's data/proof showing why AMC will eclipse the Volkswagen squeeze of 2008.
  5. The hedge funds did not unleash an all-out attack today because SSR was triggered.  SSR will be off when the market opens tomorrow.  Hence, I expect the hedge funds to come out swinging harder than ever.  They will use every legal and illegal means at their disposal to keep the price under $60.  Their deeper, "home run" goal will be to keep it under $40.  My first big buy of the day tomorrow will be at $55.  SSR can be triggered at no higher than $54.66 tomorrow.  It makes no sense at all for them to simply "allow" the price to close above $60.  I sure hope it does, but the sell wall the last few days at $63.50 and hedge funds' modus operandi tell me that they're going to put up the ultimate fight for survival.  Make no mistake: our ape boots are on their throats.  A wild animal is most dangerous when cornered.  They are cornered.  Be ready.

June 18:  

  1. WARNING:  Exercise your options ASAP in the morning to prevent your broker from selling them without your permission!
  2. Surprise, surprise: the SEC will suddenly be closed today, June 18, in observance of Juneteenth.  Really?  Juneteenth?  What a load of shit!  This could be one of the most important, impactful days in the history of the stock market, and the SEC makes up a convenient excuse to go take a carefree walk in the fuckin' park.  Wow, just wow.
  3. Hedge funds are in extreme trouble.  According to Stonk-O-Tracker, at least 414,377 additional call option contracts will expire ITM (in the money) if AMC can sustain a share price of $40+.  Hedge funds will have to purchase 41,437,700 additional shares at $40+ each!  Apes must prepare for the biggest, most important battle of the AMC movement thus far.  This may very well be for all the marbles!  If AMC finishes above $40, it's "Hello, gamma squeeze!  See you soon, MOASS!"

I'm making no guarantees of anything in particular.  However, I'm a big proponent of apes supporting and preparing for certain "likelihoods" by mentally blocking out the FUD and keeping as much cash/powder on-hand as possible for the week.  It's important to be smart and strategic all week long (June 14-18).  For example, if AMC is sitting pretty at $80 on Wednesday, don't let your guard down.  Expect the hedge funds to hit hard Thursday and Friday in an effort to drop the price below $40.  THAT is when apes will need to unleash their true buying power.  To that end, I have already set aside a nice chunk of change that I will absolutely not spend unless/until I have to during "Power Hour" on Friday, June 18.  I will continue to buy all week with other funds, but I have set aside that separate "Friday" money in order to do everything in my power to ensure that AMC finishes above $40 in the final minutes. This—in my opinion—is the way.

  1. The main AMC stock group in Reddit (r/amcstock/) just surpassed 350,000 members!
  2. In the "Battle of $60.01," the hedge scum unleashed an onslaught of dark pool fuckery to drop the price from $64.95 to $59.26 at the close.  The hedge funds temporarily escaped ultimate doom but still suffered massive losses on ITM call options at $59 and below.
  3. Perspective.  Whenever a shill moron suggests that apes are in any way losing, counter with this data.  Here's a list of the closing price on each of the last 12 Fridays:
  • April 2:  $9.36
  • April 9:  $9.42
  • April 16:  $9.33
  • April 23:  $10.16
  • April 30:  $10.03
  • May 7:  $9.51
  • May 14:  $12.98
  • May 21:  $12.08
  • May 28:  $26.12
  • June 4:  $47.91
  • June 11:  $49.40
  • June 18:  $59.26

June 19:  

  1. Ken Griffin sells Faena House condos for $46M at a 23% loss (originally paid $60M)!
  2. Finally, we have concrete proof of naked shorting!  Start watching the video at 3:35!  Over the last 20 trading days, 470M shares have been bought in the dark pools, even though there are only 510M shares in the float, of which non-selling apes own 80%+ (408M+ shares).  One possible explanation is that those 470M shares were purchased by hedge funds to cover their massive naked short selling.  We know that that's not the case.  The other possible explanation is that large institutions are buying ginormous lots of shares in the dark pools and then promptly selling those shares in the open market to intentionally manipulate the stock price downward.  Keep in mind that dark pool purchases do NOT affect the share price in the open market.  So, unlike retail traders, the institutions and hedge funds can buy massive volume in the dark pools without raising the stock price (which keeps their investment cost low), but then immediately turn around and sell those shares in the open market to make a killing on both run-ups and on the short side after the price drops as a direct result of their selling!  Of course, they know exactly when they are going to sell their own, massive lots of shares that will tank the price, which gives them a devastating advantage in timing their corresponding short positions.  That is effectively both "insider trading" and "market manipulation."

The SEC and FINRA allow institutions/hedgies to trade amongst themselves in the dark pools, but the institutions/hedgies are blatantly abusing that privilege in what is clearly a shorting-for-profit scheme at the expense of apes!  It is creating massive, well-timed selling pressure and absolutely no buying pressure.  This is the epitome of "market manipulation."  This is/was obviously not the intended purpose of dark pool trading!  Here's my simple solution (which, admittedly, may not be perfect):  shares that institutions/hedgies buy in the dark pools must be somehow marked as "dark pool shares" that can only be sold in the dark pools.  That way, there will be no impact on the share price in either direction.

June 20:  

AMC is now the most-discussed stock across both Reddit and Twitter!

June 21:  

  1. AMC = Automated Margin Calls

The SEC will almost certainly approve SR-NSCC-2021-002 on June 21.  In addition to Gensler's publicly stated goal of disarming hedge funds, the SEC's approval of all other proposed rules thus far indicates that they will also approve 002.  This is a critical development, as NSCC-2021-002 would automate the margin call process when/if a daily report indicates that a member is overleveraged.  It removes the "human element" from the process (i.e., machines can't be "paid off" or otherwise "convinced" to look the other way).

Accordingly, pursuant to Section 19(b)(2) of the Act7 and for the reasons stated above, the Commission designates June 21, 2021 as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change (File No. SR-NSCC-2021-002).

It's also important to remember that NSCC-2021-801—which passed with no SEC objections in May—automatically goes into effect after NSCC-2021-002 gets approved!

Once 801 enters effect, all hedge funds holding short positions will be monitored every single minute. They will have to report every single minute their value in short positions versus their actual money on hand. If they fail to report or their short position value crosses the threshold where it is higher than their money on hand, it's an immediate warning to deposit the funds needed to cover within ONE HOUR. Failure to do so leads to the NSCC immediately overriding operations and liquidating the hedge funds entirely, one after another until all that is left is the trillions in insurance.

UPDATE:  Not only did the SEC approve it today, it did so on an accelerated basis! It goes into full effect on Wednesday, June 23.

  1. People will be returning to AMC theaters in massive numbers!
  2. How dumb are hedge fund managers?  Very dumb, apparently.  Instead of covering, they keep doubling-, tripling-, and quadrupling-down!  Thanks for the extra rocket fuel!
  3. The SEC continues to turn a blind eye to hedge funds' blatantly obvious, coordinated manipulation of both AMC and GME.
  4. Here's a funny-as-shit video because . . . why not?  Watch until the end.

June 22:  

  1. Hedge funds continue to crumble!  White Square—a London-based hedge fund that suffered massive losses shorting GameStop during the first meme stock rally in January—is shutting its doors for good (literally).
  2. Citadel has a gameplan.  It's really dumb.
  3. GameStop sells 5 million shares to raise an additional $1.13 billion.  Remember, GameStop becoming stronger is a very good thing for AMC, and vice versa.
  4. If you use Fidelity, your purchases are probably being routed through the dark pool, preventing your buys from increasing the share price.  The only way to change that setting is by accessing "Active Trader Pro" in the Fidelity app.  Until you change that setting, all of your purchases in both the app and the website default to "Auto," which routes through the dark pool instead of the NYSE.  So, to make sure that your future buys create the buying pressure that we need and make the stock price rise, you MUST:
  • log-in to the Fidelity app;
  • access "Active Trader Pro" (Settings > Directed Trade > Default Route);
  • change your default route to XNYS (or XYSE);
  • use the app for all future purchases.
  1. Gary Gensler (Chairman of the SEC) is demanding more transparency and disclosure involving payment for order flow.
  2. Buy AMC gift cards to make your family/friends happy, recruit new apes, and increase the share price!
  3. Who else hates weekends?

June 23:  

  1. Opened at $57.04, hit a high of $61.10, and closed at $58.30.
  2. The SEC fined CItadel a laughable, utterly meaningless $10,000 for failing to close-out FTD shares that it had sold short.  This is absolutely disgusting.  Is it time for apes to rise up and be heard?
  3. I just bought a cool shirt to show my support for AMC!  This is a great way to get conversations started and recruit new apes!
  4. Reminder:  Motley Fool is and/or has been sponsored by Citadel and Melvin Capital.
  5. Stop whatever-the-hell you're doing and watch this video.  No joke: this is the best dive into hedge fund manager psychology that I've ever read/heard.  Do you wonder why they keep digging themselves deeper?  Wonder no more.  Real.  Simple.  Factual.

June 24:  

  1. Do you have "diamond hands" or do you have "deadly diamond hands"?
  2. Sorry, Adam, but apes are overwhelmingly united against any more dilution before the squeeze.  We saved AMC (and your job).  It's now apes' turn to eat!

UPDATE:  Aron acknowledges that he is "listening" and understands that apes do not want dilution.  

  1. Charles Payne calls Dave Purtnoy "a little bitch" on live TV.  Silverback status confirmed.
  2. Ortex states that over 18% of the float (or 85+ million shares) is being shorted!  Also, the shares that hedgies have returned thus far have not been shorted shares.  They were borrowed, but never shorted.  So, in short (pun intended), little Kenny hasn't covered anything yet.
  3. SR-DTC-2021-005 was approved on June 15.  It was finally published today.  Rule SR-DTC-2021-005 will limit the ability of market makers and hedge funds working together to reset FTD transactions and/or conceal short positions through nefarious options trading.

The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)31 of the Act and paragraph (f)32 of Rule 19b-4 thereunder.

June 25:  

  1. Opened at $55.75, hit a high of $56.29, and closed at $54.06.
  2. GameStop ($17B market cap) moves to the Russell 1000.  AMC ($25B market cap) stays in the small-cap Russell 2000 index (even though AMC's market cap is currently 32% bigger than GME's).  It would've been "cool" for AMC to move to the Russell 1000, but it will not impede the moon launch at all.
  3. AMC appears on the list of "Threshold Securities."  Threshold securities are equity securities that have an aggregate fail-to-deliver position for five (5) consecutive settlement days at a registered clearing agency.  Dave Lauer thinks that this is very important.
  4. Massive gains in $AMC?  Bills to pay?  June 25, 2021 (extended from December 31) is the last day to withdraw up to $100,000 tax-free from your IRA!  That's right: no standard tax, no capital gains tax, and no penalty!  Normally, you would pay capital gains (or your full tax rate if you sell short-term) AND a 10% penalty for withdrawing before retirement.  However, there is now an exemption available (COVIDTRA) whereby you pay NO TAX and NO 10% PENALTY on up to a $100,000 withdrawal if you pay the money back to your retirement fund within 3 years of the disbursement date.  This is the deal of the century, apes.  You'll literally never have this opportunity again.  You can pay off your debt or mortgage with money on which you've never paid tax to this point.  Plus, it will remain 100% tax-free even after spending it if you simply "pay back" your IRA within 3 years!  The IRS will treat it as if it were an IRA rollover.  Basically, it's a 3-year, $100,000 loan with a 0% interest rate, and you qualify even if you have the worst credit rating on the planet!  Can’t beat that!  (I am not a tax advisor or financial consultant.  Always consult your tax advisor before withdrawing any funds from your IRA.)

The relief under the Act generally expires on June 25, 2021.

 

June 26 (Sat):  

WallStreetBets has been thoroughly exposed by MarketWatch as a den of hedge fund shills, impostors, paid backstabbers, and anti-AMC hypocrites.  It is no longer the bastion of freedom, open expression, and pro-AMC sentiment that gave birth to the AMC ape movement.  Without a doubt, /r/amcstock/ has been Reddit's "Ape Headquarters" since at least mid-February.  For true apes, WallStreetBets is only one short step above Motley Fool on the credibility scale.

 

June 27 (Sun):  

Charles Schwab reiterates a 200% margin requirement to short AMC.  Obviously, the experts at Schwab know that shorting AMC is risky and downright dan-ger-ous!

 

June 28:  

  1. Good day!  Opened at $55.10, hit a high of $59.36, and closed at $58.11 (+7.49%).  It dropped to $57.81 in AH.
  2. Hedge funds are now trying to ostracize women investors!  Can they get any more pathetic?
  3. Apes, remember: the vast majority of FUD comes from hedge-fund sponsored bots, not human beings.  Ignore, report, and ban.  Do not engage . . . that's what they want.
  4. AMC takes over the #1 spot on the NYSE "Most Active" list.

 

June 29:  

  1. Trading212 will likely see a boycott and exodus of clients after changing its terms and conditions to force clients to lend their shares.
  2. Sean Williams of Motley Fool once again proves why he is the biggest douchebag in all media by claiming that retail investors are manipulators, while hedge funds are completely innocent of any wrongdoing.
  3. The SEC hires New Jersey Attorney General Gurbir Grewal to serve as Chief Enforcement Officer.  Better Markets President and CEO Dennis Kelleher, who advocates for tougher finance industry oversight, said Grewal "appears to be the opposite of a Wall Street defense lawyer, which is a welcome break with the past, and exactly what the SEC division of enforcement needs.”
  4. Adam Aron files an S-3 with the SEC to withdraw bonds containing 200 million shares that hedge funds were using to short AMC.

 

June 30:  

  1. Trey is scheduled for open-heart surgery.  Apes united for Trey!  Make the hedgies pay!
  • UPDATE:  The kid is OK!
  • UPDATE #2:  Chance the Rapper wishes Trey a speedy recovery!
  1. DTC-2021-005 goes into effect.  It prevents loaned/borrowed shares from being loaned/borrowed more than once.  It will also prevent market makers from continuing to illegally reset FTD transactions because they can no longer conceal short positions through deep-in-the-money options.
  2. AMC is nearing a bull flag pennant breakout with a negative beta of -3.20.
  3. E*Trade now requires 800% margin collateral to short AMC!  Ho-ly shit, apes, things are getting extra juicy!  A second ape confirmed this development.
  4. Robinhood fined $70 million by FINRA for screwing retail investors by misrepresenting options spread transactions and having "outages" between January, 2018 and December, 2020.  It is the largest penalty ever imposed by Wall Street's self-regulator.  The fine includes $12.6 million in restitution that must be paid directly to Robinhood clients.  In my opinion, this punishment is nowhere near sufficient, but it finally does send a message that the enemy actually feels this time.  It's a good start!
  5. AMC has been consolidating between $50 and $65 for a month.  The go-to FUD from pathetic, lying, hedge fund shills is that AMC is a "pump-and-dump."  That is downright laughable.  A P&D stock doesn't steadily rise from $5 over the course of four (4) months and then consolidate for a 5th month at a level that is 900-1,200% higher, despite relentless hedge fund fuckery at every turn.
  6. Nearly $1 trillion accepted by the Fed today in reverse repos!

Banks have too much cash on hand. They're only allowed to have so much before regulations kick in and make them loan it or invest it. BUT those things lead to inflation, so instead they stash it away with the Fed each day in return for secure, short-term collateral.  It's a bad sign for the economy, as it's a way of "kicking the inflation can down the road."

  1. Hedge funds have now started to exercise bond notes into shares—at .80¢ on the dollar—as a "back door" to short AMC!  

The simultaneous purchase of convertible bonds and the short sale of the same issuer's common stock is a hedge fund strategy known as convertible arbitrage.  The motivation for such a strategy is that the equity option embedded in a convertible bond is a source of cheap volatility, which can be exploited by convertible arbitrageurs.

In limited circumstances, certain convertible bonds can be sold short, thus depressing the market value for a stock, and allowing the debt-holder to claim more stock with which to sell short.  This is known as death spiral financing.

This may be their ultimate act of desperation!  In what was likely a direct response, Adam Aron filed an S-3 with the SEC yesterday to withdraw bonds containing 200 million shares that hedgies were using to short AMC.

Hedgies are shorting worthless bonds to manipulate the price of the stock. Adam Aaron files to remove these bonds off the market. Hedge Funds and banks did this in 2008 where they sold these shit bonds and it all came crumbling down.

This is how it goes. Hedgies buy convertible bonds. These are rated ccc (junk). As they hold the bonds they accumulate interest. They then convert the bonds to a share, short it into the market, then from the interest they acquire from holding the bond they buy another bond. An infinite loophole of buying a bond, converting a bond to a share, shorting it, and buying another bond with accumulated interest for holding the original bond. Adam Aron shut that shit down. I’m sure it will take time, but all bonds will be recalled and Hedgies will lose one of their last aces up their sleeves.

Tick, tock, Kenny . . . . Tick, tock.

  1. Just for the record, this is how you do a meme.
  2. Current short interest is 19.18%.  For comparison, when AMC hit $72.62 on June 2, the SI was only 17.47%.
  3. AMC opened at $56.00, hit a high of $58.18, and closed at $56.68 (+.44%).  It finished the AH session at $57.07.
  4. FTD, baby!  AMC was placed on the list of "Threshold Securities" on Friday, June 25.  Today is the 4th consecutive trading/settlement day that AMC has been listed.
  • Friday (1)
  • Monday (2)
  • Tuesday (3)
  • Wednesday (4)

Now, I did a lot of research to uncover this critical language from the SEC:  no, the 5 consecutive settlement days that qualified AMC to appear on the threshold list do not count towards the magical 13-consecutive-settlement-days threshold that would trigger mandatory covering of all short positions.

[I]f a participant sells short a security that is *not a threshold security on the date of sale*, the close-out and pre-borrow requirements of Rule 203(b)(3) would *not apply* to a fail to deliver position on the participant’s net short settlement obligation unless the security *later* becomes a threshold security and it maintains that status for 13 consecutive settlement days and the participant has delivery failures for all of those days.

If AMC stays on the threshold list for a total of 13 consecutive settlement days (emphasis on "settlement," as "trading days" and "settlement days" are different in that shares can sometimes "settle" on holidays) after the 5-day qualifying period, hedge funds will be forced to cover all of their millions of shorted shares.  In other words, hedge funds that logged these fail-to-deliver shares will have their positions automatically closed out at market price, resulting in massive buying.  MO-ASS!

Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as “threshold securities,” if the failures to deliver persist for 13 consecutive settlement days.

In summary, after completing the 5-consecutive-settlement-day period that qualified AMC to become a "threshold security," AMC must still maintain "threshold security" status for another 13 consecutive settlement days.  As such, AMC needs a total of 18 consecutive settlement days from start to finish.  This fact has been confirmed by many reputable apes.  Anyone who ignores this evidence and still insists that 13 is the deciding number is engaging in Jedi-level confirmation bias.

Per Rule 204:

. . . if, for whatever reason, a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for 13 consecutive settlement days, the requirement to close-out such position under Rule 203(b)(3) remains in effect.

UPDATE, July 5:  After digging even deeper, I've discovered that in order to be removed from the threshold list, AMC must not exceed the specified number of fails for 5 (five) consecutive trading days.  So, the escape plan for hedge funds just got more difficult.

In order to be deemed a threshold security, and thus subject to the restrictions of Rule 203(b)(3), a security must exceed the specified fail level for a period of five consecutive settlement days.  Similarly, in order to be removed from the list of threshold securities, a security must not exceed the specified level of fails for a period of five consecutive settlement days.

 

July 1:  

  1. Hedge funds perpetrated a massive, illegal, fake sell-off today.  Apes laughed and bought more.
  2. Robinhood files for IPO.  Hmmm, I've never shorted a stock, but there's a first time for everything.  Just kidding . . . it's a bad idea, and possibly a trap-in-the-making.
  3. Robinhood admits that it may shut down buying again!  Um, if you're still with Robinhood, you may need to see a doctor.
  4. The main AMC stock group in Reddit (r/amcstock/) surpassed 370,000 members!
  5. Adam Aron dispels all rumors and FUD regarding his connection to Centricus (CENH).  

While I’m cleaning up FUD today, about my Centricus Board seat. Centricus was created by my closest European friend of 20+ years, highly regarded former Chairman of luxurious Silversea Cruises.  It is a SPAC, a financial vehicle to acquire an existing operating company. 1 of 4

Centricus (NASDAQ CENH) raised $300+ million in the open market to do so.  I pay no attention to which institutional investors  own CENH shares, and have no contact with them.  My Director role is merely to ensure that CENH complies with all laws, its bylaws and SPAC norms. 2 of 4

I have no direct knowledge, but I hear that Citadel may be playing games with CENH, possibly arbitraging its stocks and bonds and is no friend to CENH.  But as I said, I have no direct knowledge one way or another. 3 of 4

CENH announced in May that it intends to combine with Arqit Limited, a leader in quantum encryption technology.  When it gets government and shareholder approval to proceed and does so, hopefully later this year, I would expect to leave its Board. 4 of 4

Adam Aron

@CEOAdam

  1. AMC opened at $56.86, hit a high of $57.71, and closed at $54.22 (-4.34%).  I just looooooooove me some tasty dips!
  2. New Mexico’s sovereign wealth fund files a federal antitrust lawsuit against "Big Banks," claiming that Bank of America, Citigroup, Goldman Sachs, Barclays, Credit Suisse, Deutsche Bank, JPMorgan Chase, Morgan Stanley, Natwest Group Plc, BNP Paribas, and three industry groups rigged the credit default swap market by manipulating a key benchmark.

By rigging the 'final auction price' used 'to value all CDS contracts market-wide at settlement,' the banks have made 'billions of dollars in cartel profits at the expense of non-dealer market participants.'

July 2:  

  1. Previously unknown "Iceberg Research" arrives on the scene with a fresh helping of hot, steaming, hedge fund-orchestrated bullshit.  Apparently, any shadowy, non-U.S. figure with a shitty blog can publicly announce a short position to artificially and illegally attempt to crash a U.S. stock, but isn't obligated to substantiate his position.

"Vagner . . . declined to reveal details of [his] firm's short position."

Yeah, sounds legit.  This fuckery will get entirely dismantled over the 3-day weekend, and I expect to see a big bounce on Tuesday.

  1. Volatile day due to outlandish, over-the-top fuckery by hedge funds and fly-by-night "Iceberg Research."  AMC opened at $52.77, hit a low of $47.77, and steadily rose to close at $51.96 (-4.34%).  As Iceberg's illegal FUD campaign began to thoroughly unravel, the price continued to rise to as high as $53.15 in after hours and ended the AH session at $52.90.
  2. See how easy it is—albeit, in jest—to make fake claims?  Bravo, "Titanic Research"!
  3. Ice apes laughed at the fuckery and bought the dip with championship-level retardation!  AMC was the most-traded stock in Fidelity's platform, with buying greatly surpassing selling by a margin of 2-to-1.  
  4. Research indicates that "Iceberg Research" is using a fake, virtual address with no physical presence.
  5. "Sell-Offs for Dummies:  3 Simple Steps to Faking a Sell-off in Only 3 Minutes"

STEP 1:  At exactly 10:02 AM, EST, Iceberg tweets that it's shorting AMC.  

STEP 2:  At 10:03 AM, EST,  StreetInsider is already reporting that Iceberg is shorting AMC.  (For the link, I have used the Google cache version so that any attempt by StreetInsider to tamper with the date/time will only serve to further solidify its guilt.  Here is the original.)

STEP 3:  At 10:04 AM, EST, hedge funds start illegally ladder attacking AMC to fake an "ape sell-off," dropping the price from $51.10 to $47.77 by 10:11 AM.

Of course, Steps 2 and 3 are impossible without preconceived collusion.  Yawn.  Just as they did yesterday, Apes bought more because sell buttons are stupid!

July 3 (Sat):  

  1. Adam Aron advertises free popcorn and a new "buy 2, get 1 free" ticket offer!
  2. AMC finally gets awesome, honest coverage from Yahoo concerning AMC's ever-improving outlook and fundamentals.

One of the industry's largest exhibitors, AMC (AMC), added to theatrical optimism after revealing on Monday that chains across the U.S. secured their busiest weekend since theaters shut down in March 2020 — with 2 million guests visiting AMC locations nationwide.

AMC has been a hot topic of conversation amid the meme stock trading frenzy, with many analysts casting doubt on the company's fundamentals with the stock skyrocketing over 2,500% year-to-date.

But separate data backs up AMC's recovery story.

According to foot traffic analytics platform Placer.ai, monthly visits to AMC cinemas across the U.S. have shown steady improvement.  Visits were down 68.5% in May compared to May 2019 — a slight uptick from April when the visit gap stood at 70% and a significant boost compared to January when visits were still down over 80%.  

More blockbusters are expected throughout the summer, with "Black Widow" making its domestic debut in July.  Box office analysts anticipate ticket sales will continue to improve as more films come to market. 

July 4 (Sun):  

ALERT!  AMC apes must duplicate this GME research!  Reddit user u/WhatCanIMakeToday discovers that hedge funds—using the "married put" approach—deferred (i.e., kicked down the road to avoid buying/covering) approximately 79 million GameStop (GME) shares that they shorted in January, 2021.  Evidence shows that they kicked the can down the road 1, 2, 3, 6, 12, and 24 months beyond January, 2021 at various options expirations!  If apes can show that hedge funds have done the same with AMC (i.e., hiding naked shorts in deep OTM puts), killer whales will smell hedge funds' blood in the water!  (I wish that I had time/energy to do the research myself, but I can barely keep up with this daily timeline.  The great news is that you now have a step-by-step template!)

July 5:  

  1. Here's a pre-Tuesday message to hedgies from Charles Payne.  LFG, apes!
  2. At the current price of $52.90 at which AMC closed the AH session of Friday, approximately 449,613 put options expire OTM in 11 days, so hedge fund managers, day traders, and retail shorts are shitting bricks.  You know . . . because they're constipated.  Imagine if AMC is at $60.00+ in 11 days.  Apes smash!
  3. Here's a research template to expose naked shorts in AMC!  This is huge!
  4. The German market closed at $53.22 today, which is 2.43% above the regular session closing price of $51.96 in the U.S. market on Friday!  
  5. Adam Aron, if you give movie tickets to investors as "special dividends," shorts will be forced to buy those movie tickets from your theaters to provide/cover all synthetic shares.  Of course, this plan is contingent upon whether or not AMC is eligible—according to SEC rules—to pay a dividend due to its existing debt obligations.
  6. After digging even deeper, I've discovered that in order to be removed from the threshold list, AMC must not exceed the specified number of fails for 5 (five) consecutive trading days (see Footnote #87).  So, the escape route for hedge funds just got more complicated/difficult.  In other words, they can't just pull some bullshit for 1 day to make their looming problem go away.  The SEC enacted the 5-day entry/exit requirement in order to prevent obvious fuckery on either end.

In order to be deemed a threshold security, and thus subject to the restrictions of Rule 203(b)(3), a security must exceed the specified fail level for a period of five consecutive settlement days.  Similarly, in order to be removed from the list of threshold securities, a security must not exceed the specified level of fails for a period of five consecutive settlement days.

UPDATE:  Reddit user u/nothingbutgolf sent me the following message explaining how the exit process works.  I've asked him to provide a corroborating source.

The 5 days to get off the threshold list works like this:

You can't ADD any more FTDs after closing out the positions that put you on the list. Basically to get off the list, you have to close out ALL FTDs, and then have no new FTDs above the threshold for 5 consecutive days.

So, if "they" close out enough FTDs, they can, in effect, start a timer of 5 days to have no more FTDs over the threshold, if they do, new 5-day timer starts. That's how companies wind up on the list for weeks or months.

Would have just posted this, but I'm still pretty new, so Karma not high enough.

July 6:  

  1. The short uptick rule is in effect for $AMC until the market closes today!  In other words, hedge funds will have a difficult time shorting until the market closes!  The last time this happened was on Wednesday, June 16, and the price jumped 10%+ the next day.  An additional catalyst is that AMC has been on the threshold security list since June 25!
  2. Legal precedent established in the Overstock case suggests that being on the threshold list may enable Adam Aron to successfully sue naked short sellers and the prime brokerage firms that supported them in market manipulation.
  3. Adam Aron withdraws request for 25 million new shares!
  4. Closed at $49.96 after monumental fuckery by hedge funds.  In other news, I saw Gary Gensler on a milk carton.

July 7:  

  1. Hedge fund shills are on the attack like never before.  When we identify one, we need to make an example of him/her.  To that end, please downvote this shill scumbag into oblivion and report to the mods.
  2. Closed at $45.07 after hedge funds continued to make a mockery of the financial system.
  3. FINRA requests comment on short interest position reporting enhancements and other changes related to short sale reporting.  Make your voices heard!  Charles Payne agrees that we must speak up!  Lisa Braganca (Former SEC Branch Chief) agrees, as well!  Here's a standout comment:

In a fair and free market there should be absolute transparency. The number of shares shorted should be available in real time during trading hours. No more dark pool trading. Every single share sold should be reported and able to be located at any time. Market manipulation is rampant and hurting retail investors. Get rid of algo trading back and forth. Naked shorting and FTDs should carry heavier penalties and be forced to close out their positions much sooner or face total trading restrictions.

This reminds me of a relevant post that I made 2 months ago.

  1. I wasn't feeling well on July 6 and 7.  Please message me timeline recommendations for both days. Thanks!

July 8:  

  1. Opened at 40.95, hit a low of $38.76, and closed at $47.94 (+6.37%).  It rose to as high as $49.74 in AH, ending the AH session at $49.13 (+2.48).  Apes are showing remarkable resolve, once again proving that the selling pressure is entirely artificial.
  2. Wells Fargo is discontinuing personal lines of credit and will close existing accounts.
  3. Reminder: Jim Cramer is shilling trash.  Call out his corruption whenever you can.
  4. The media admits that apes aren’t leaving!
  5. Genuine apes never post that "someone I know sold" because genuine apes know that doing so promotes negative sentiment, which is bad for morale.  It also plants a subconscious seed in readers' minds that "somebody else sold, so it's OK for me to sell, too."  Therefore, anyone who posts about "someone else" selling is ignorant at best and a hedge fund shill at worst.  Aggressively call it out whenever you see it!
  6. German apes fly a "To the Moon" airplane banner over Frankfurt.
  7. Short sellers lost $44 billion over 30 days, with AMC wreaking the most damage, by far, at $2.8 billion.  AMC also finished second only to Tesla—which has a 25-times-larger market cap—for increased short exposure in June.
  8. Hedge fund managers' worst enemy is an apathetic ape.  This truth is truly true!  Stay numb and dumb, apes.
  9. Shorts lost $800 million today.
  10. Hedge fund managers study Reddit!  That's a fact!  They "scour social media and message boards to look for shares that retail investors are rallying around."  So, keep your transaction data to yourself!  
  11. Institutions are gobbling up bullish options contracts!

Institutions continued to join in on the fun and purchased over $3.08 million worth of bullish AMC call contracts. Institutions have been hammering options contracts for weeks on the stock and don’t look to be letting up anytime soon. One institution chose a strike price of $100 and an expiry of July 16 indicating they believe another big move is in the very near future.

July 9 (Fri):  

Black Widow premiers in AMC theaters!

July 10 (Sat):  

AMC theaters to show UFC 264 LIVE (Poirier vs. McGregor 3) for $25!  The price on PPV is substantially more at $70!

July 11 (Sun):  

July 27 (Tues):  

Gurbir Grewal's first day as SEC's Director of Enforcement.

July 29 (Thurs):  

Shareholder meeting (rescheduled from May 4).

NOTE:

For those of you who are wondering why I am no longer updating the timeline, it is because of constant harassment by Reddit user "DietSucralose".

I leave you with this:  regardless of which broker that you use, please promptly call your broker to demand that all of your orders get routed directly to the NYSE instead of through 3rd parties like Shitadel.  Evidence has shown that Shitadel applies all sorts of fuckery to delay/hide your buy orders in order to suppress the stock price.  NO MORE!  Call your broker to demand that your default be set to "Direct Routing."

====================

DISCLAIMER:  I am not a financial advisor.  Nothing in this personal reflection constitutes—or is intended to be—financial advice.  I only have 3 teeth.  Always conduct your own due diligence before engaging in any financial activities.  Also, feel free to file a quick complaint with the SEC if you feel that a particular hedge fund is engaging in fraud and/or market manipulation.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

— Warren Buffet

A = MC Squeezed

— Apert Einstein

Naked shorts, yeah.

— Melissa Lee

I don't think it's a good idea to bet against movie theaters.  It's certainly not a good idea to bet against AMC.  And I'd like to think that it's not a good idea to bet against Adam Aron, either.

— Adam Aron

The only thing that’s clear about the SEC is that all of its guidelines and explanations are intentionally unclear.

— Me

Breakdown of New & Pending SEC Rules

Updated May 24, 2021

NOTE:  Some approval dates in the timeline above may differ from those listed below because each date in the timeline reflects the date on which the approval became known to the public, not the date on which it was actually approved.

NSCC:

  • SR-NSCC-2021-002

Purpose:  "Amend the Supplemental Liquidity Deposit Requirements"

Filed:  March 5, 2021  /  Effective:  June 23

Summary:  Automates the margin call process when daily reports indicate a member is overleveraged.

AMC = Automated Margin Calls

  • SR-NSCC-2021-004

Purpose:  "Amend the Recovery & Wind-down Plan"

Filed:  March 5, 2021  /  Effective:  March 18, 2021

Summary:  NSCC version of SR-DTC-2021-004 to define procedures for asset liquidation in the event of a defaulting member.

  • SR-NSCC-2021-005

Purpose:  "Increase the NSCC’s Minimum Required Fund Deposit"

Filed:  April 26, 2021  /  Effective:  Pending

Summary:  Increases the minimum required fund deposit for DTCC members from $10,000 to $250,000 each.

DTCC: 

  • SR-DTC-2021-003

Purpose:  "Obligation to Reconcile Activity on a Regular Basis"

Filed:  March 9, 2021  /  Effective:  March 16, 2021

Summary:  Changes the risk/margin reporting period from monthly to daily.

  • SR-DTC-2021-004

Purpose:  "Amend the Recovery & Wind-down Plan"

Filed:  March 9, 2021  /  Effective:  March 16, 2021

Summary:  Outlines procedures for asset liquidation in the event of a defaulting member.

  • SR-DTC-2021-005

Purpose:  "Asset Tagging and Share Lending Revisions"

Filed:  April 1, 2021  /  Effective:  June 15/30, 2021

Summary:  Prevents loaned/borrowed shares from being loaned/borrowed more than once.  It also prevents market makers from continuing to illegally reset FTD transactions because they can no longer conceal short positions through deep-in-the-money options.

  • SR-DTC-2021-006

Purpose:  "Remove the Security Holder Tracking Service"

Filed:  April 22, 2021  /  Effective:  April 22, 2021

Summary:  Removes the old method of asset tracking in favor of SR-DTC-2021-005.

  • SR-DTC-2021-007

Purpose:  "Update the DTC Corporate Actions Distributions Service Guide"

Filed:  April 30, 2021  /  Effective:  April 30, 2021

Summary:  Eliminates the APO system in favor of the Claim Connect system for fee reconciliation between parties.  Mandatory by 2021-07-09.

OCC:

  • SR-OCC-2021-003

Purpose:  "Increase Persistent Minimum Skin-in-the-Game"

Filed:  February 24, 2021  /  Effective:  May 27,2021

Summary:  Increases margin requirements for market makers when dealing with options contracts.

  • SR-OCC-2021-004

Purpose:  "Revisions to OCC's Auction Participation Requirements"

Filed:  March 19, 2021  /  Effective:  May 19, 2021

Summary:  Allows previously excluded firms to participate in auctions of assets when a member gets liquidated.

ICC:

  • SR-ICC-2021-005

Purpose:  "Amend the ICC Recovery & Wind-down Plan"

Filed:  March 23, 2021  /  Effective:  May 10, 2021

Summary:  ICC version of SR-DTC-202 -004 to define procedures for asset liquidation in the event of a defaulting member.

  • SR-ICC-2021-007

Purpose:  "Update the ICC’s Treasury Operations Policies and Procedures"

Filed:  March 29, 2021  /  Effective:  May 13, 2021

Summary:  Redefines what can and cannot be considered collateral, reducing overall capital on books and lowering acceptable risk ceilings.  

  • SR-ICC-2021-008

Purpose:  "Update the ICC Risk Management Model Description"

Filed:  March 31, 2021  /  Effective:  May 18, 2021

Summary:  Redefines how risky collateral is handled in Credit Default Swaps, increases initial margin requirements, and lowers ICC exposure.  

  • SR-ICC-2021-009

Purpose:  "Update the ICC Risk Parameter Setting and Review Policy"

Filed:  April 2, 2021  /  Effective:  May 20, 2021

Summary:  Changes calculation of risk from using month-to-month averages to using day-to-day averages.

  • SR-ICC-2021-014

Purpose:  "Update the ICC's Fee Schedules"

Filed:  May 7, 2020  /  Effective:  May 18, 2021

Summary:  Defines fee schedules for the 2nd half of 2021.  Includes reduced fees on CDS (25%) and incentives for risk sharing.

Letters & Notices: 

  • Exchange Act Rule 15c3-3 Compliance Letter

Purpose:  "Staff Statement on Fully Paid Lending"

Filed:  October 22, 2020  /  Effective:  April 22, 2021

Summary:  Establishes a requirement for 100% collateral to be held on all positions within six months.

  • MSBS978-21: FICC Notice

Purpose:  "Intraday Mark-to-Market Charge - Timing of Intraday Collection"

Filed:  April 21, 2021  /  Effective:  May 3, 2021

Summary:  Returns MBSD Intraday Mark-to-Market Charge to hourly assessment instead of once-per-day for margins.

For Geoffrey

When Rambo?

Original:  https://www.imdb.com/title/tt0089880/mediaviewer/rm2029328128/

As Real As It Gets