Tag: Adam Aron Twitter (Page 2 of 8)

Robinhood Reports AMC at $417 Billion Market Cap

Robinhood is reporting AMC at a $417 billion market cap and more. CEO Adam Aron says they are reviewing sources to check for accuracy.
Market News Daily – Robinhood Reports AMC at $417 Billion Market Cap.

Robinhood (NASDAQ:HOOD) and other brokerages have been reporting AMC Entertainment (NYSE:AMC) at a $417 billion market cap and even $421 billion market cap.

This puts AMC Entertainment up with Facebook in terms of market cap, per the reportings.

Many shareholders have been sharing screenshots of what CEO Adam Aron believes to be discrepancies from these brokers.

The CEO said on Friday data sources are under review for accuracy after several sources, including MarketWatch, were reporting the company’s equity APE (NYSE:APE) of also having a 93.79 billion market cap.

Both AMC and APE are displaying what shareholders believe to be the true value of the securities.

Few skeptics have written off the data as simply ‘glitches’ from brokers.

AMC CEO Adam Aron has demonstrated displeasure towards these reports.

“Market Watch currently showing 93.79 billion APEs outstanding. Clearly WRONG, wildly so. We are calling them now demanding this get corrected immediately. Also reviewing many other data sources to check for accuracy. So curse-word-here irresponsible that they publish false info,” said the CEO on Twitter.

Adam Aron has previously shown a strong dislike for market manipulation talks, urging investors to focus on AMC’s fundamentals instead.

Some shareholders are rather confused by the CEOs reactions, who alleged people of possibly photoshopping their screenshots.

This has led shareholders to encourage Adam Aron to begin looking into the manipulation of AMC stock.

AMC FINRA and NYSE FTD Update

Earlier in March, Adam Aron announced that the company has contacted both FINRA and the NYSE to look closely at the trading of their stock.

“Many of you, and we, are aware that AMC Entertainment has been on ‘The Threshold List‘ for 3+ weeks, indicating a number of FTDs.

Some of you may be pleased to learn that we have contacted both FINRA and the NYSE asking that they both look closely at the trading of our stock.”

But Adam Aron nor AMC have released a formal document confirming the claims reaching out to the NYSE or FINRA.

This has led some investors to speculate the announcement was aimed at getting shareholders to vote yes for the proposals that have now been passed.

Investors have not heard back on an update from the CEO on what FINRA or the NYSE had to say about the alarming number of FTDs, which are usually a clear sign of naked shorting, per Investopedia and Business Insider.

What we know is that AMC was removed from the NYSE Threshold Securities List shortly after Adam Aron’s announcement — the stock plunged shortly after.

This is contrary to what the SEC rules say is supposed to happen once a security is listed after 13 consecutive days.

Market News Published Daily

Market News Today - Robinhood Reports AMC at $417 Billion Market Cap.
Market News Today – Robinhood Reports AMC at $417 Billion Market Cap.

For stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


AMC Stock: CEO is Tired of Manipulation Talks

Market News Daily: AMC CEO fatigued by manipulation talks.

AMC Entertainment (NYSE:AMC) CEO Adam Aron touches on billions of synthetic shares and market manipulation.

For years now, AMC shareholders have stuck to their convictions on a mother of all short squeezes (MOASS) due to the alarming amount of overleveraged shares out in the market that institutions still have to buy back.

AMC Entertainment stock has been shorted in the past by some of the biggest short sellers on Wall Street, though now they are playing both sides to hedge their bets.

Notorious short seller Citadel has a long history of market manipulation, Chairman Gary Gensler says more than 50% of trading goes through dark pools, and Patrick McConloguge, an ex-Citadel data scientist says the game is rigged and that rules are tailored to benefit hedge funds.

But AMC CEO Adam Aron says that is not the company’s problem, despite thousands of investors urging the company to take an activist role in lifting the suppression that keeps the stock price from rising.

Investors managed to raise AMC shares from $2 to $20, and from $5 to $72 per share — though halts and other forms of suppression limited how high the stock was allowed to go.

Shareholders have felt cheated ever since and have urged AMC’s CEO to take legal action against naked shorts like other CEOs are currently doing.

But AMC’s CEO has recently expressed a strong message towards the manipulation occurring in his company stock.

And quite frankly, the CEO expresses he’s tired of investors talking about it.

Let’s dive right into it.

AMC CEO on Billions of Synthetic Shares

AMC CEO Adam Aron on Synthetic Shares.
AMC CEO Adam Aron on Synthetic Shares.

In August 2022, just moments before the debut of AMC’s Preferred Equity, APE, Adam Aron released the following statement:

“Candidly, I’ve seen no evidence so-called fake or synthetic shares exist. But many of you disagree. This preferred equity dividend goes ONLY to company issued shares. So, it will have the impact of a “share count” or unique dividend many of you have sought.”

This alarmed many investors at the time with a few die-hard followers calling anyone who mentioned this news as ‘bot’, ‘shill’, or ‘fud’ — completely unnecessary of course but it paints the environment well.

Other Twitter influencers promised shareholders APE was the catalyst to an epic short squeeze but failed to explain the equity’s true purpose.

In other words, only a half-truth was being spread within the community which caused shareholders to hold even deeper losses.

A video surfaced on social media of Adam Aron speaking on market manipulation that has many investors somewhat divided — though it shouldn’t.

And I’ll explain why in a moment.

The CEO says, “guys, don’t believe everything you read on Twitter. Yes, it’s true that we have a lot of short sellers who have sold our shares short, but all that stuff that you read about market manipulation, and fail to delivers, and all this other stuff, there’s billions of synthetic shares out there — that’s not our problem.”

Adam Aron said on Twitter the company had reached out to the NYSE and FINRA to look into the high number of FTDs but failed to provide any sort of letter confirming the claims.

Shareholders are confused to say the least with what the CEO had to say during one of his events.

Is the CEO is experiencing fear, uncertainty, and doubt?

In another video, the CEO can be heard telling a shareholder, “You don’t know what you’re talking about. You’re just wrong. You’re just wrong across the board. There are no synthetic shares.”

Despite not being one of the most peppy AMC updates, it sure is something worth raising awareness about.

What the CEO says and what you have seen are going to reinforce your conviction or lack thereof.

However, there are always two sides to a coin.

In the full video, you can also hear the CEO state that essentially running the company fundamentally is more important than the manipulation happening in the company stock.

The clips are rubbing many investors the wrong way but shouldn’t be take completely out of context.

Still, investors feel the CEO should not discuss market injustices if he’s not willing to tackle them.

Why is This Important?

Market News Daily: Adam Aron tired of market manipulation talks.
Market News Daily: Adam Aron tired of market manipulation talks.

There are millions of investors out there who have witnessed the market manipulation single handedly for years and now they’re being told it’s not important — or rather it doesn’t exist, when real data, reports, and whistleblowers have stated otherwise.

Though the CEOs controversial statements might have investors divided, it shouldn’t.

In the end, a shareholder is a shareholder and everyone has a choice to make based on what’s happening in the market and with the company.

Some shareholders are indifferent, simply waiting to collect profits when shorts start closing their positions.

AMC’s short interest is still high at 23.60%.

The short interest was lower when AMC shares ran up to its all-time high of $72 per share in 2021.

Time will tell where AMC’s share price goes from here on out.

What do you make of AMC’s CEO’s thoughts on the manipulation?

Was this the proper way to address shareholders and the community who have been fighting for change in the financial system?

Out of the market injustices that have occurred ever since the ‘meme stock’ frenzy, ‘We The Investors’ has established a legitimate voice for the retail community and has been able to speak to Chairman Gary Gensler on concerns and issues investors are currently facing.

We’ve also been able to raise enough awareness to bring certain issues to light by bigger media outlets, ensuring your voice is heard.

Leave your thoughts below.

Originally published on March 15, 2023.

Market News Published Daily

Market News Today - AMC CEO Fed Up with Manipulation Talks
Market News Today – AMC CEO tired of Manipulation Talks.

For stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.

My New Book is Out Now! Use Code: THENEZ


AMC Stock: SEC Violates 13-Day Threshold List Rule

Market News Daily: SEC violates 13-day threshold list rule - AMC Stock.
Market News Daily: SEC violates 13-day threshold list rule – AMC Stock.

AMC Entertainment (NYSE:AMC) stock has now spent more than 25 trading days on the Threshold Securities List.

This means the SEC (Securities and Exchange Commission) is in direct violation of the 13-day threshold rule.

What is the 13-day threshold rule?

A broker-dealer with fail-to-deliver positions for 13 consecutive settlement days must immediately close out the ‘FTD’ position by purchasing shares in the open market.

There has been no ‘buy’ back of these AMC FTDs nor have we seen the company get removed from the NYSE Threshold Securities List.

AMC FTDs spiked up to more than $36 million in FTDs last month, through the report is still in the process of updating via T+35.

Last week, AMC Entertainment CEO said he asked FINRA and the NYSE to look closely at their stock due to the amounting FTDs.

“Many of you, and we, are aware that AMC Entertainment has been on ‘The Threshold List‘ for 3+ weeks, indicating a number of FTDs.

Some of you may be pleased to learn that we have contacted both FINRA and the NYSE asking that they both look closely at the trading of our stock.”

AMC Stock:  SEC violates 13-day threshold list rule.
AMC Stock: SEC violates 13-day threshold list rule.

A buyback of shares in the lit market would result in price action driving share prices up.

In the past month, AMC stock has fallen by nearly -15%.

What are FTDs?

FTDs, or Failure-to-deliver occurs when one party in a trading contract (whether it’s shares, futures, or options) fails to deliver on their obligations.

These failures derive due to buyers not having enough money to take delivery and pay for the transaction at settlement.

In the case of sellers, it means not having the goods to meet that transaction.

Failure-to-delivers can occur in options trading or when selling short naked, per Investopedia.

According to Investopedia, AMC failure-to-delivers can also occur if there is a technical problem in the settlement process carried out by the respective parties (clearing houses).

Is the SEC Complicit in Market Injustices?

According to Patrick McConlogue, an ex-Citadel Data Scientist, rules tend to heavily favor hedge funds over the average investor.

Known for exposing Citadel during the ‘meme stock’ frenzy, Patrick says “the game is not fair and it never has been. Individual investors, even when operating in a swarm, are destined to lose. How do I know? I helped design the game.”

Many investors refuse to believe that FINRA or the NYSE will attend to AMC’s CEO Adam Aron in regard to the violation of the 13-day threshold rule.

These institutions have more power than the SEC themselves, how could these rules be enforced?

AMC shareholders are demanding a formal letter from the CEO showing proof of contact with our regulators.

No update since the initial announcement has been made public so far.

Related: Credit Suisse Warns Investors of Naked Short Covering

Market News Published Daily

AMC Stock:  SEC violates 13-day threshold list rule.
AMC Stock: SEC violates 13-day threshold list rule.

For stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.

My New Book is Out Now! Use Code: THENEZ


« Older posts Newer posts »

© 2024 Franknez.com

Theme by Anders NorenUp ↑