The proposal was on the table for months, but Dow Jones Newswire has officially confirmed it.
Shareholders have been waiting for this fundamental catalyst in hopes of scaring short sellers and finally creating a proper GME short squeeze.
But this is more than just a short squeeze catalyst.
If you’re a true believer of the company and in the innovation and future of where it’s going in the NFT space, now is the perfect time to look into owning a piece of the company.
It’s about to get pretty damn affordable.
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GameStop announces 4-1 stock split
GME 4-1 stock split explained
GameStop Corp. on Wednesday said its board approved and declared a four-for-one split.
It’s the first time GameStop has split the stock since 2007 making it the second time in history it happened.
GameStop had done a 2-1 stock split thirteen years ago.
So, what does a 4-1 stock split even mean?
It means that current GME shareholders will receive 4 shares of GME stock for every one share they currently hold.
If you’re holding 1 share of GameStop in your stock portfolio, you will receive 4 shares of GME stock.
Shareholders with 1,000 shares of GME stock will receive 4,000 shares.
However, this does not mean GameStop’s share price will quadruple in the process.
On the contrary, GameStop’s current share price will be divided by four.
The stock closed at $117.43 on Wednesday and has jumped more than 8% after hours.
What will GameStop shares be worth after the stock split?
Based on Wednesday’s number figure, GME stock will be worth approximately $29.35 after the split, making the stock much more affordable for the public to invest in.
GameStop stock split date
Investors who purchase GME stock before July 18 will receive the additional shares in GameStop’s 4-1 stock split.
Some investors might wonder, why is GameStop splitting its stock?
Often times when a stock’s share price has reached high levels, a company will issue a stock split to make it more affordable for the public to purchase.
We’ve seen this happen with Tesla (TSLA) and Apple (AAPL) in the past.
Amazon recently had a 20-1 stock split, making it extremely affordable to add AMZN stock to your portfolio.
Stock splits are a common way to attract more investors towards a growing company.
Are you a GME shareholder?
How many shares of GME stock will you own after the stock split?
Or are you a curious investor who is thinking of buying GME after the stock splits at a much more affordable price?
And lastly, will GameStop’s 4-1 stock split be a catalyst to finally squeeze short sellers from their positions?
Momentum Stocks: AMC Short Interest Information | Ortex AMC
Community, I’m going to be updating this list of momentum stock and their short interest and utilization daily (AMC short interest).
Be sure to bookmark this page for daily AMC short interest updates. This information is being taken straight from Ortex. I understand not everyone has insight to this information so I will be making it all public for you.
Other metrics being updated daily will include the cost to borrow and the shares on loan.
If there are other heavily shorted stocks you’d like me to update daily, please leave a comment below and I’ll be sure to look into them before adding them to the list!
Ortex costs $79/mo., consider supporting the blog on Patreonfor only$4.
#1. BBIG Short Interest
Short Interest: 23.74% | Utilization: 100.00 | Cost To Borrow: 236.24 | Shares On Loan: 60.23 Million | Days To Cover: 3.17
(Updated Daily)
#2. SNDL Short Interest
Short Interest: 9.38 | Utilization: 92.84 | Cost To Borrow: 4.72 | Shares On Loan: 328.61 Million | Days To Cover: 4.46
(Updated Daily)
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Market News: Citadel Securities Dark Pools exposed
The Chicago Tribune just published a piece explaining exactly what retail investors have been warning the SEC about.
Citadel Securities’ dark pool dominates a big part of the financial world, accounting for as much as half of U.S. stock market activity.
The Chicago Tribune says this prominent dark pool is run by Chicago Billionaire Ken Griffin’s Citadel Securities and has been targeting small scale retail investors.
And they’re not wrong.
Dark pools are typically involved in payment for order flow (PFOF), where they pay broker firms to receive retail order flow.
Brokers such as Robinhood and TD Ameritrade accept payment for order flow.
But retail investors have now brought these nefarious practices in the market to light.
Let’s discuss it.
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Taking down Citadel’s dark pool
Citadel Securities Dark Pool
The Chicago Tribune has acknowledged investors’ orders almost never make it to the New York Stock Exchange (NYSE) or NASDAQ.
The editorial team say they get redirected to electronic platforms run by private market makers who match buyers with sellers at a price they determine, behind closed doors.
Citadel Securities’ dark pool is able to make money on the difference between bid and ask prices when trades are matched.
This creates major conflict of interest as the orders they fill are not competing against one another; therefore, the price is open for manipulation.
SEC Chairman Gary Gensler said himself 90% to 95% or retail’s orders do not get processed through the lit exchange.
And although light is shining on this very real problem, nothing is being done about it by our regulators yet.
“The U.S. Securities and Exchange Commission is responsible for revising its rules to keep up with technology and, here’s a surprise, the regulators have fallen behind.” – The Chicago Tribune.
But the editor says the problem is the SEC has too much on their hands and are spreading themselves thin.
They’re focused on crypto regulation, SPACs, and climate control.
It’s rather clear dark pools are not the SEC’s main priority.
Citadel Scandal
Ken Griffin – Citadel Scandal
Citadel has been heavily scrutinized by retail investors for not only heavily shorting ‘meme stocks’, but for suppressing the price driven by retail demand with its dark pool.
#KenGriffinLied began trending on Twitter earlier this year and again this month when the U.S. House Committee on Financial Services released a report confirming Robinhood and Citadel did indeed have blunt negotiations prior to trading restrictions on January 28th of 2021.
The “GameStopped” report documents in detail the events that lead to the halting of ‘meme stocks’.
Ken Griffin swore under oath that Citadel and Robinhood had no communication the day prior to the restrictions, but proof has now surfaced.
The question now is, will the case dismissed by Judge Cecilia Altonaga late last year get reopened?
The Miami district court judge admitted the Citadel and Robinhood transcripts were suspicious.
However, the federal court has dismissed the case due to a lack of evidence.
According to Business Insider, the court said that the evidence between Citadel Securities and Robinhood was not sufficient.
The retail community found Judge Cecilia Altonaga had ties to the defendant in the Robinhood and Citadel case, creating a major conflict of interest.
But mainstream media isn’t covering this.
What can be done about this corruption in the market?
If you’ve been one of my day-ones, you know I’ve always preached raising awareness.
Raising awareness is what gets people to learn, dive deep, and stand against market injustices.
People want to fight for a cause, people want to fight for freedom.
Instead of focusing on the things that are out of our control (SEC, market manipulation, etc.), we must focus on the things that are in our control.
And that is raising awareness to educate the population.
I truly believe this is the way to creating real change.
If this resonates with you, please be sure to give this article a social share.
It all starts with us, one by one, as individuals.
Your support helps maintain all the costs it takes to run a blog at this scale.
Together, we’ve been able to place AMC Entertainment articles on the #1 page results on Google and get featured on the ‘news’ section, combating mainstream media.
The mission of this platform is to spread the truth corporate media isn’t willing to, by giving the people in our community a voice.
AMC Short Squeeze – AMC Entertainment 2022 – AMC Stock Price – AH9 Stock – AMC Stock Squeeze
Will AMC squeeze in 2022?
The Fool thinks you should sell your stock, but retail investors aren’t budging.
Mainstream media who serve hedge funds in a conflict of interest have been egging retail investors to not buy the stock all of 2021.
If you listened to The Fool who told you not to buy AMC when its share price was low, then you would have missed out on a trade that went as high as 3000% in gains!
While the runup to $72 per share might have caused AMC’s short interest to drop to 14% from 20%, AMC’s short interest has now gone up to 21%.
Ladies and gentlemen, AMC stock has plenty of room for growth in 2022.
Welcome to Franknez.com – the blog that provides retail investors with market news with integrity. Today we’re discussing AMC’s short interest data to determine whether it will squeeze in 2022.
Let’s dive right into it!
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Mainstream media wants retail to lose
It’s no secret the financial platforms who have been attacking AMC stock are tied together.
Will AMC stock squeeze in 2022? Game over short sellers | AMC Stock 2022 – AMC Stock Price
AMC has a high enough short interest to squeeze shorts from their positions in 2022.
Sitting at 18% short interest, it’s more than enough to get the price up well into the high hundreds of dollars per share.
Whether regulators will investigate naked shares, FTDs, and other forms of counterfeit shares for hedge funds to cover is another topic.
AMC will need momentum if it’s to see another massive runup in share price.
Furthermore, hedge funds will lead their customers into losses for the second year in a row if retail investors continue to buy and hold the stock in 2022.
AMC Entertainment stock has plenty of room for growth and mainstream media doesn’t want you to know it.
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Who is AMC stock for?
AMC stock is for the retail investors who are willing to take a little risk to multiply their investment through a short squeeze play.
A short squeeze play is a long commitment with incredible upside.
If you’re lucky enough to get involved in the ape community you’ll find yourself fighting for a fair and transparent market, where your voice means everything.
Reasons why AMC wont squeeze in 2022..
I’ve always been transparent with the community.
There are many of you who got in when I first began publishing the data early last year and are sitting on unrealized gains today.
And although AMC could have squeezed during various occasions last year, there are still things that can hinder AMC from squeezing this year.
Here’s a list of things that will refrain AMC from squeezing shorts from their positions:
Retail investors start selling AMC stock
Retail investors stop buying AMC stock
New buyers aren’t introduced to the stock or short interest data
The AMC community has not had a problem holding or buying the stock.
One of the biggest problems the community faces today is regulators not protecting retail investors against the predatorial strategies from hedge funds.
The community has always been a beacon for change.
Apes will need to voice market concerns to elevate awareness.
AMC stock had multiple chances to squeeze in 2021, however, hedge funds always found a loophole that would prevent them from reporting information, or trading stock in the lit exchange.
Market manipulation continues to be a threat to every retail investor in the market.
AMC Entertainment was on the brink of extinction, it was about to go bankrupt.
Hedge funds took this opportunity to overleverage their short positions in the stock, betting it would close forever.
Once retail investors got in and saved the company, the community uncovered a number of market manipulation tactics that allowed hedge funds to prevent the stock’s share price from soaring.
The fight for a fair market continues in 2022.
For the ape community, this is more than just a short squeeze play.
Your support helps maintain all the costs it takes to run a blog at this scale.
Together, we’ve been able to place AMC Entertainment articles on the #1 page results on Google and get featured on the ‘news’ section, combating mainstream media.
The mission of this platform is to spread the truth corporate media isn’t willing to, by giving the people in our community a voice.
What a storm. What a battle right? AMC keeps on keeping on, and although AMC has been on discount recently, retail investors continue to buy and hold it.
Retail investors are very excited about the data that’s been collected for months now.
Will we see an AMC short squeeze while we continue to ride this bear?
And if so, how soon?
Welcome to Franknez.com – the blog providing you with content on stocks, crypto, and market news. Today we’re discussing AMC Entertainment stock.
Lets get started!
How soon will we see an AMC short squeeze?
Retail investors all want to know.
Is it this week?
Will it be next week?
Or, are we looking at a longer game here?
Here’s what we know.
Key Highlights
AMC closed at $12.78 on July 5th. The stock continues to be heavily shorted. AMC Entertainment is set up for a short squeeze.
Shareholders continue to buy and hold the stock.
AMC’s short interest data shows us the stock has the perfect setup for a short squeeze.
Some of you reading this article might have been holding since January now.
Kuddos to you for holding the line.
If you’re a new retail investor getting in on AMC be sure to thank the seasoned apes when you get a chance.
Below is a series of documented facts and positive news that all influence AMC’s potential towards a short squeeze.
“Since reopening our first theatres with AMC Safe & Clean in August, AMC has welcomed back nearly 10 million moviegoers nationwide without a single reported case of COVID-19 transmission among moviegoers at our theatres. We look forward to welcoming back our New York City guests to the big seats, big sounds and big screens that are only possible at a movie theatre.”
Adam aron, President and CEO of AMC Entertainment
For those who thought AMC was a dead company, think again.
The company is now generating big revenue since it’s reopening.
Melvin Capital closing in June
Melvin Capital Hedge Fund – AMC – AMC Stocktwits
This is huge.
Melvin Capital is a hedge fund that has been shorting both AMC and GME stock.
Melvin Capital suffered a 49% loss it’s first quarter of 2021, via. Markets Insider.
Positive news for AMC Entertainment (archive 2021)
Adam Aron gives positive news on AMC Entertainment – Archive 2021
AMC Entertainment has raised more than 2.2 billion dollars in cash
90% of AMC theaters in the United States are now open with New York and Los Angeles finally reopening
Vaccinations and policies are making movie theaters safe
New movie titles are guaranteed to increase sales revenues
CEO and President Adam Aron expresses an optimistic future for AMC Entertainment
AMC Entertainment has implemented a Safe & Clean program under the advisement from Harvard University’s prestigious School of Public health as well as well as the No. 1 U.S. cleaning brand, The Clorox Company. This means movie goers can now return at ease knowing a proper sanitation program has been put in place.
Hedge fund affiliate partners such as MarketWatch, The Fool, and other finance website have been trying to redirect the public from investing in this stock.
That’s primarily because hedge funds are losing millions by the day.
A short squeeze could even put them out of business.
This is why it’s important for me to spread the positive news surrounding AMC.
I don’t believe in the manipulation of the media and I will continue to update these articles as more great news unfolds.
Is AMC Shorted?
AMC’s current short interest is around 18%.
As of 7/5, we’re seeing 150,000 shares have been made available to borrow (for now), via Stonk-O-Tracker.
AMC’s short shares available will be updated here so be sure to bookmark this page.
While shorts might have the capability to short AMC stock, this is only temporary.
They will run out of borrowed shares and eventually have to cover.
There are finally investigations going around regarding naked shorting.
Yeah.. I sense a grand mother of all short squeezes. #GMOASS
Expect to see gains after shorts have run out of borrowed shares to use.
Hedge funds and short sellers alike have dug a deeper hole for themselves.
What this means for the AMC shareholder is a squeeze bigger than anything the market has ever seen before.
I am personally doubling down.
Not only is bankruptcy off the table (via. Los Angeles Times), but AMC movie theaters are now about to begin reopening in larger parts of the United States.
Which of course now introduces revenue.
AMC Entertainment Quarter Earnings History (2021)
Below are AMC’s quarter earnings for 2021, the year the ape movement began.
AMC’s quarter earnings for 2022 will be updated here and on another blog post once those have been announced later this year.
AMC Q1 earnings for 2021
AMC announced their Q1 earnings for 2021 on Thursday, May 6th. Things have been looking particularly bullish and optimistic since that point.
For the retail investor this means the upper hand is yours.
AMC Entertainment has raised over $2 billion dollars to hold them off until the year 2022.
If you missed the conference call you can view it here for your viewing pleasure. [ARCHIVE DATA]
Even experts can’t identify an exact date and time.
However, the possibility of an AMC short squeeze is certainly possible given that it is still the most shorted stock in the market and the stocks volume continues to rise.
We also now have more data then ever before that indicate a massive short squeeze is almost certain to happen.
Especially now that the SEC has announced some crackdown on shorting.
With Melvin Capital and other hedge funds losing money, it’s only a matter of time before the short borrow fee continues to skyrocket and shorts have to close their positions.
It’s tendie time!
Analyst AMC predictions
With that being said, Trey’s Trades predicts a short squeeze is now certainly guaranteed. Trey has been a leader in the AMC community and deserves a spot on this page.
More data points towards the stock reaching $1000+ per share.
See what stock analyst Trey has to say.
AMC short squeeze – AMC Stock Forecast – AMC Stocktwits
The real questions is how can retail investors make this AMC short squeeze happen?
We know that short-sellers eventually have to cover their spots. This means that they will eventually have to buy AMC stock at the current share price.
If retail investors continue to drive the share price up by buying the dip and holding their positions, short-sellers will have no other option than to buy from the retail investor at a higher share price.
2. Retail investors will also need to buy the climbs in order to show a demand for the stock. This doesn’t have to be huge buys, rather incremental to validate the current share price.
This play essentially creates a supply and demand scenario between retail investors and short-sellers. The results? A short squeeze.
Hedge funds are doing everything they can to prevent a short squeeze
How are they doing this?
By promoting false information online (we’re certain you’ve seen it)
Through strategies such as short-ladder attacks in the market
And, by restricting certain brokerage accounts from allowing its retail investors to purchase or buy shorted stocks (Robing hood)
This is what retail investors can do to fight corruption
Share content that presents facts (blog posts, analysis videos, etc.)
Continue to educate yourself and make investment decisions based on your personal analysis
We’ll begin to see a trend similar to that of GME (Gamestop). AMC will enter a bullish territory before hitting an ‘abnormal’ peak in which AMC would have ‘squoze’.
It seems we’ve already hit the bottom.
AMC continues to be heavily shorted through dark pools and other market manipulation tactics.
This price level can be seen as a buying opportunity for retail investors looking to squeeze shorts out of their positions.
We’ve seen resistant levels around $14-$16 recently which is a great push from $5.
We’re now sitting at $12.78 per share.
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An AMC short squeeze will certainly make headlines.
Expect to see various gains prior to any sort of major peak as well as volatility.
Retail investors will have to hold their positions through upcoming gains if they want to see AMC short squeeze.
But most importantly, they’ll have to refrain from selling at the first sight of gains if they are to see bigger and more massive gains.
Gamma squeeze vs Short squeeze
Don’t confuse gains and momentum with a short squeeze.
Here’s the difference between a gamma squeeze and a short squeeze:
A gamma squeeze are momentum gains. These usually occur from call options closing in the pocket resulting in heavy buys or purchases in the market.
A short squeeze is vigorous and can spike with no warning.
This is where you see 100% gains in a matter of seconds and minutes.
A short squeeze can even reach 1000% and 10,000% gains.
AMC Short Squeeze Stock Prediction
AMC Stock Forecast – AMC Stocktwits
New retail investors are wondering whether $1k, $10k, or even $100k per share is even possible.
Gabe from ReviewDork does some math that’s going to leave you with an open mind.
AMC stock price predictions range from $1,000 to $100k+.
Will AMC reach peaks like GME?
AMC has been fortunate enough to receive more publicity and hype than GME did, at least recently.
The volume will speak for itself and retail investors will just have to wait to find out.
We’ve seen that abnormal gains are naturally part of a short squeeze.
Volkswagen rose up to nearly $1,000 when it squeezed back in 2008 due to a similar strategy produced by car manufacturer Porsche.
Analysts are predicting AMC can even go above the $1K mark if retail investors and institutions alike continue to buy and hold their positions.
Wouldn’t this be something. If you’re holding 1,000 shares and AMC spikes to $1K per share, you my friend have made 1 million dollars!
I strongly suggest using a reputable broker such as Vanguard or Fidelity oppose to phone apps like Robinhood.
Simply because the broker colluded with market maker Citadel to halt the buying of ‘meme stocks’.
If an AMC short squeeze doesn’t occur, AMC stock price will still go up allowing shareholders to make at least some sort of profit.
With AMC theaters now open, it’s inevitable that the company will begin to see bigger sales revenue every time a new title is released.
I update this post when new titles make the headlines regarding earnings.
Keep in mind that AMC’s share price during the booming party economy of 16′ was roughly around $30 per share.
If a short squeeze doesn’t happen, fundamentals will continue to bring the stock up as more investors are buying the stock.
However, a short squeeze not happening is very unlikely as AMC is currently the most shorted stock in the market and most held stock, beating both Apple (AAPL) and Tesla (TSLA), via. NASDAQ.
Majority of the float is also held by retail investors and short sellers are going to be forced to close their positions very soon, more on that coming up.
As Mark Cuban bluntly put it, keep holding.
Why hasn’t AMC squeezed yet?
AMC Stock Forecast – AMC Squeeze – AMC Stocktwits
AMC hasn’t squeezed yet primarily to two main reasons.
We need more volume to drive the stock price action up
Shorts need to close their positions
Volume really just comes to more and more retail investors as well as institutions getting in on AMC stock.
Regarding shorts covering, retail investors need to squeeze them out of their positions by holding their positions and helping increase AMC’s short borrow fee.
You can keep tabs on AMC’s short borrow fee as it changes every day via. Ortex, or Fintel.
Your support helps maintain all the costs it takes to run a blog at this scale.
Together, we’ve been able to place AMC Entertainment articles on the #1 page results on Google and get featured on the ‘news’ section, combating mainstream media.
The mission of this platform is to spread the truth corporate media isn’t willing to, by giving the people in our community a voice.
AMC stock almost reached $100 per share when it surged to $72 last year during the month of June.
The stock price was only at $14 when it began to uptrend.
AMC traded at $13.53 on Friday though it’s been hovering below and at $14 in the past week.
Can AMC stock reach $100 per share?
Of course it can.
But the process will require retail investors to be patient.
Whether fundamentals play a role in it or not, AMC only needs a few short sellers to close their positions in order to make this share price level come to fruition.
Your support helps maintain all the costs it takes to run a blog at this scale.
Together, we’ve been able to place AMC Entertainment articles on the #1 page results on Google and get featured on the ‘news’ section, combating mainstream media!
The mission of this platform is to spread the truth corporate media isn’t willing to, by giving the people in our community a voice.
AMC has been trending downwards since its rise up to $72 per share and now retail investors are wondering, will AMC stock go up?
In a recent article I break down 3 BIG factors that have influenced AMC’s downward trajectory in the past few months.
Although AMC’s share price has been plummeting, the demand for the stock has not.
This key point is going to play a big role in what happens to AMC stock after this bear market is over.
Welcome to Franknez.com – today I want to lay a few key points you should take into consideration if you’re holding AMC stock or thinking of buying it.
Let’s get started!
AMC stock had an incredible year in 2021.
The stock reached an all-time high of $72 per share with only 21% short interest at the time.
Once the share price began to come down, AMC’s short interest had come down to 14%.
As we start the new year, AMC’s average daily volume is incredibly high.
AMC has an average volume of almost 47 million with many days surpassing this amount.
It’s more than 15 times that of GameStop’s current volume.
So why isn’t AMC’s massive demand reflecting in the share price?
That’s the question the ‘ape community’ has been asking regulators all year 2021.
Too many eyes are on regulators right now and at some point, some suppression inflicted by hedge funds will have to subside.
And aside from Omicron and Covid news affecting the entire market, AMC’s massive volume will eventually push the stock price up during a correction.
What does this mean for retail investors?
If you’re looking to get in on AMC for a short squeeze, know the risks, but understand that once this stock takes off you will not be able to buy it at these prices again.
Frank Nez is on YouTube – Subscribe for more udpates
Deflating the short interest
Deflating AMC’s short interest like we saw back in January and June means AMC stock will go up significantly higher from its current share price.
Small short covering allowed AMC to reach $72 per share back in June of 2021.
So why can AMC stock still skyrocket?
Despite the heavy buying volume from retail, AMC still has more than enough short interest percentage to squeeze shorts from their positions.
2022 is only the sequel to 2021’s runup.
The reason mainstream media doesn’t want you to know this is because of their ties to hedge funds and private financial institutions.
These institutions are ‘short’ on AMC and GameStop, meaning they’re betting against them.
Pushing propaganda that will feed their narrative is the safest way for hedge funds to derail retail from further buying the stock that could cause them to default.
Hedge funds such as Melvin Capital, Anchorage Capital, Mudrick, & Archegos are out of the game.
A short squeeze play has nothing to do with AMC Entertainment’s fundamentals.
The reason being is that retail goes based off of how much shorting there is in the company stock.
Buying the stock en masse (big volume) will cause AMC stock to go up, forcing shorts to close their positions and buy back their shares; triggering a short squeeze.
A short squeeze play does not depend on the performance of the company as a business.
AMC’s fundamentals are not the greatest, the company does have a lot of debt.
However, something mainstream media is not discussing is just how much their debt has gone down each quarter since 2021.
AMC Entertainment’s fundamentals are a discussion I will be touching topic on another blog post very soon so be sure to join the newsletter.
Tesla has now followed by accepting cryptocurrency as a form of payment on their merchandise too.
Debt is the only thing holding AMC Entertainment from being a fundamental buy in the eyes of most in the industry.
AMC Entertainment partnerships
AMC partnered with Chance the Rapper last year for his concert movie release.
CEO Adam Aron announced that they would be working on partnering up with industry leaders for licensing agreements that would allow AMC to provide more of these experiences to their audiences around the world.
Another successful showing was the UFC fight they held in theatres.
The CEO also expressed his optimism surrounding showing highly anticipated sports events in theatres, granted licensing of course.
Retail investors have been specifically waiting for an AMC-GameStop partnership.
A topic Adam Aron teased could be in the works at some point.
AMC theatres released “GameStop: Rise of the Players” on January 28th, earlier this year.
One thing you cannot deny is the community strength and company relationship to its shareholders.
It’s never been seen before.
Do you own AMC stock?
Leave a comment below.
So, will AMC stock go up again?
Based on trader sentiment, community sentiment, and continuous innovation from the company, AMC stock will surge again.
This bear market won’t last forever.
And although the entire market is rather shaky at the moment, there will be a correction.
Hedge funds might have leverage to short the stock, but the people aren’t leaving.
AMC Entertainment will have to focus on growth and revenue if they are to get out of debt in the future.
Market News: Robinhood and Citadel colluded before ‘meme stock’ restrictions
The U.S. House Committee on Financial Services just published a press release stating Robinhood and Citadel Securities engaged in ‘blunt’ negotiations before the trading of ‘meme stocks’ occurred.
The press release states that talks regarding lowering PFOF (payment for order flow) rates happened just a night before trading restrictions.
GameStopped Report Notes
The “GameStopped” report issued by the U.S. House Committee on Financial Services greatly details how the NSCC saved Robinhood from defaulting due to failing to meet collateral obligations.
This article is going to highlight key points relating to the ‘meme stock’ halts that occurred in late January of 2021.
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GameStopped report
The GameStopped report highlights Robinhood’s lack of liquidity, conversations between Citadel and Robinhood, and the process leading to the halting of ‘meme stocks’ such as AMC and GameStop.
On January 28th, 2021, Robinhood routed orders to six market makers for equities: Citadel Securities, G1 Execution Services, Morgan Stanley, Two Sigma Securities, Virtu, and Wolverine.
Citadel, Morgan Stanley, and Wolverine are short on AMC to this day.
The conversations between Robinhood and Citadel were tense as the two negotiated the price of PFOF rebate rates and price caps for AMC and GameStop.
Furthermore, Robinhood received a massive waiver of its deposit requirement from the DTCC.
And according to the report, without this waiver, Robinhood would have defaulted on its regulatory collateral obligations.
NSCC officials say the waiver was necessary to avoid systemic risk to the market.
They explained that the extraordinary spike in ‘meme stocks’ contributed to increased clearing fund requirements for several firms.
Trading Restrictions Chart – GameStopped
Brokers halted the buying of AMC, GameStop, and other tickers when short sellers began to close their short positions, causing share prices to skyrocket.
The halting occurred due to a lack of liquidity where certain brokers were unable to cover the minimum collateral requirements.
The DTCC waived a total of $9.7 billion of collateral deposit requirements on January 28, 2021.
Retail feels cheated
Robinhood and Citadel colluded prior to restrictions
Retail investors feel they were robbed when brokers took away the ‘buy’ button by restricting trading in AMC, GameStop, and other ‘meme stocks’.
The DTCC jumped in and saved Robinhood from defaulting, cut Citadel’s losses short, and prevented retail investors bets from reaching maximum potential.
No one has been held accountable for these actions primarily because the system is justifying the actions as saving the market from total collapse.
But the system stole from retail investors to save institutional investors.
Regulators intervened to save institutions while they capped retail investor gains.
Still, hedge funds lost billions of dollars during the process.
GameStop broke Melvin Capital.
The hedge fund was not able to recover from its massive losses and has now shut down.
But Citadel nor Robinhood have faced any severe consequences that money can’t buy them out from.
Retail investors are now looking at our government and regulators as complicit to fraud and market manipulation.
Business News: Cinemark Competes with AMC in new Thor: Love and Thunder NFT Deal with Disney
Cinemark is looking to compete with AMC Entertainment theatres in a new NFT deal it just made with Disney.
From Tuesday, June 28th, through Thursday, July 7th, rewards members will get a chance to win one of 1,000 NFTs for Marvel Studios’ upcoming Thor: Love and Thunder.
AMC Entertainment was the first company to release NFTs (non-fungible tokens) to their movie theatre guests upon the purchase of a ticket.
The largest movie theatre chain in the world has released a Spider Man No Way Home NFT, Jurassic World NFT, The Batman NFT, Lightyear NFT, and many more.
Shareholders also received a rare series one “I Own AMC” NFT.
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Cinemark teams up with Disney
Business News: Cinemark teams up with Disney in Thor: Love and Thunder NFT
“Cinemark is thrilled to collaborate with Disney on the release of these exclusive Marvel Studios NFTs for Thor: Love and Thunder,” said Wanda Gierhart Fearing, Cinemark Chief Marketing and Content Officer. – Box Office Pro.
The movie theatre industry has been steadily recovering ever since the pandemic struck the world in 2020.
Cinemark Holdings, Inc.’s total revenues for Q1 2022 increased by 303% to $460.5 million compared to $114.4 million for Q1 of 2021.
AMC Entertainment on the other hand earned $785.7 million in revenue during their first quarter of 2022, compared to $148.3 million in Q1 of 2021.
Cinemark’s marketing campaign to distribute Thor: Love and Thunder NFTs with Disney is a great move for the company.
However, AMC Entertainment continues to be the leader in the movie theatre industry, offering a more premium experience to its guests.
What are your thoughts on Cinemark competing with AMC Entertainment in the NFT space?
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Your support helps maintain all the costs it takes to run a blog at this scale.
Together, we’ve been able to place AMC Entertainment articles on the #1 page results on Google and get featured on the ‘news’ section, combating mainstream media!
The mission of this platform is to spread the truth corporate media isn’t willing to, by giving the people in our community a voice.
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