Market News Daily – Antara Capital Discloses Shorting AMC Entertainment Stock.
Antara Capital just disclosed it shorted AMC Entertainment (NYSE:AMC) stock in a new SEC filing.
“The exercise of a call option by a third-party holder obligated Antara Master Fund to effect a short sale of 10,700 shares of Class A Common Stock and borrow shares from an unaffiliated broker for delivery against the sale.”
“The exercise of a call option by a third-party holder obligated Antara Master Fund to effect a short sale of 600 shares of Class A Common Stock and borrow shares from an unaffiliated broker for delivery against the sale,” said the filing.
Antara disclosed shorting 11,300 total shares of AMC Entertainment from Wednesday, April 19 through Thursday, April 20.
Today, the institution holds zero shares of AMC Entertainment stock per Fintel.
Antara Cashes Out a Whopping $72.4 Million in APE Shares
An SEC filing shows Antara disposed more than 48 million APE shares at the price of $1.51 on Wednesday March 15, leaving the company with a total of 179.2 million shares in its armory.
The company currently has a 17.2% ownership in APE (NYSE:APE).
Soon, retail investors will no longer be able to purchase the equity as the shareholder vote to merge APE and AMC common stock has been approved.
AMC shareholders have raised concerns about Antara Capital, who was until now AMC’s largest institutional shareholder.
Like Wanda Group in 2021, the institution has dragged AMC’s share price down every time it sold shares.
One thing we saw happen after Wanda Group sold all their shares is it gave retail investors runway.
As AMC Entertainment stock ran up, there was no more heavy selling which meant shares had breathing room to keep rising.
Whether history repeats itself or not is something time will certainly tell.
Latest AMC Stock News 2023
Latest AMC Stock News 2023.
Analyst firmBenchmarkraised its growth estimates for AMC Entertainment Friday, citing better-than-expected domestic box office performance.
AMC will be reporting its fiscal first-quarter results before market open on May 5.
Benchmark now estimates that AMC will report first-quarter revenue of $912 million, up from its prior estimate of $831 million.
Analysts surveyed by FactSet are looking for first-quarter revenue of $930 million.
“Domestic box office exceeded our expectations,” Benchmark analyst Mike Hickey wrote in a note released Friday.
The analyst firm also raised its estimate for adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) to a loss of $37 million from its prior estimate of an $86 million loss.
Analysts surveyed by FactSet are looking for an EBITDA loss of $33 million.
Benchmark currently has a hold rating for AMCEntertainment.
Benchmark’s Hickey expects AMC to raise capital as soon as the settlement is resolved.
“We think AMC will immediately tap the capital markets on a successful transaction,” he wrote. “The capital raise would likely be used to provide relief to AMC’s significant net debt obligations.”
Market News Published Daily
Market News Today – Antara Capital Discloses Shorting AMC Entertainment Stock.
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Market News Daily – Antara Cashes Out a Whopping $72.4 Million in APE Shares
Antara Capital LP, AMC Entertainment’s (NYSE:AMC) largest institutional shareholder just cashed out a whopping $72.4 million in APE shares (NYSE:APE).
An SEC filing shows the company disposed more than 48 million APE shares at the price of $1.51 on Wednesday March 15, leaving the company with a total of 179.2 million shares in its armory.
Shares of the equity fell on Wednesday from its opening high of $1.65 to $1.42.
APE is currently up +18% this year-to-date, though shares have fallen more than -78% since its inception.
Soon, retail investors will no longer be able to purchase the equity as the shareholder vote to merge APE and AMC common stock has been approved.
However, screenshots of a filing have surfaced on social media showing the plaintiff’s motion to intervene has been DENIED.
This means AMC’s proposals will carry out without further interference.
Shareholders await an official announcement from AMC CEO Adam Aron.
What is Happening with AMC Entertainment Today?
Today, AMC Entertainment is going through some major changes with its stock, now that proposals to merge APE with AMC and a reverse stock split have been approved.
The value of APE and AMC will merge to reflect one single share price — APE will be delisted upon the completion of this merge.
A 1-for-10 reverse stock split will multiply AMC’s share price by 10, but divide shareholders share count by 10.
Ex.) AMC’s current share price of $4.21 will go up to $42.10 in a reverse stock split.
Investors holding 10 will hold 1 share, investors holding 100 shares will then hold 10 shares, and investors holding 1,000 shares will hold 100 shares after a reverse stock split.
“Today was a huge step forward for AMC. You voted YES, YES & YES! And it was a landslide vote too — 88% yes for Proposal 1, 87% yes for Proposal 2, and 87% yes for Proposal 3. My sincerest thanks for giving AMC the tools we need to continue fighting the good fight on your behalf,” said the CEO on Twitter.
“Saving AMC is my professional mission. And remember that I own millions of AMC shares and APE units too. So, I very much want for AMC to succeed. I am absolutely and passionately convinced that what you approved today is in the best interests of AMC and of all our shareholders.”
But it seems Adam Aron isn’t interested in selling at the moment, but rather raising cash to keep AMC Entertainment afloat.
AMC CEO Adam Aron Hints at Destroying Short Thesis
Market News Daily – Antara Cashes Out a Whopping $72.4 Million in APE Shares
CEO Adam Aron hinted at destroying the short thesis earlier this month.
The movie theatre chain has been under attack by short sellers since before the pandemic.
However, short sellers saw an opportunity when the world’s largest movie theatre chain closed its doors in 2020 due to the pandemic lockdowns.
Adam Aron says the company went from earning millions per month to $0 overnight during the wake of the Coronavirus pandemic.
When retail investors found how high the short interest data in AMC was, they piled up to squeeze short sellers from their positions by purchasing shares of the movie theater chain en masse.
At first, investors were able to drive AMC’s stock price to $20 in January.
Then, shareholders saw AMC stock hit an all-time high of $72 per share in June.
Since then, low borrow fees have made it easier for short sellers to bring the stock back down.
On Twitter, Adam Aron responded directly to a user regarding AMC’s short thesis.
The user said, “Shorts attack companies they feel they can destroy. If you become a successful company you destroy a short’s thesis hence no logical reason to continue shorting. This is @CEOAdam strategy and the only strategy that has ever worked in the history of the market! #AMC#AMCSqueeze.”
To which the CEO answered:
“Joe, you nailed it. I could not have put it better myself”.
The performance of so called ‘meme stocks’ will be updated every week below. The latest news will also be available for your reading pleasure.
Optin for push notifications or join the newsletter to receive a weekly reminder straight to your inbox.
Here’s how meme stocks performed for the week of: 2/27-3/3
Here’s how meme stocks performed this week: GameStop (GME).
#1. GameStop
GameStop Corp. (NYSE:GME) closed: up -4.79% this past trading week.
The latest press release details the retailer’s earnings for the third quarter of fiscal year 2022.
During that period, GameStop reported net sales of $1.186 billion, down from $1.297 billion a year ago.
Gross profit tallied in at $291.6 million, while selling, general and administrative expenses were $387.9 million.
That led to a net loss of $94.7 million compared to a net loss of $105.4 million the previous year.
According to an amended Schedule 13G filing, Vanguard owns a total of 24.66 million shares of GME as of Dec. 30, equivalent to an 8.1% ownership stake.
As of Q3, the firm owned 24.16 million shares, meaning it purchased about a half a million shares during Q4.
Here’s how meme stocks performed this week: AMC Entertainment (AMC).
#2. AMC Entertainment
AMC Entertainment Holdings, Inc. (NYSE:AMC) closed the week: up +4.28% this past trading week.
In recent news, AMC and its board members, including CEO Adam Aron, are getting sued by a pension fund.
The latest lawsuit comes from the issuance of AMC’s preferred equity, APE.
The shareholder vote to either convert APE equity back into common AMC shares or go through a reverse stock split has been delayed — though Adam Aron has not made an official statement yet.
Here’s how meme stocks performed this week: Bed Bath & Beyond (BBBY).
#4. Bed Bath & Beyond
Shares of Bed Bath & Beyond (NASDAQ:BBBY) were: down -5.04% in the past trading week.
On social media, shareholders of the so called ‘meme stock’ continue to buy the stock despite talks of bankruptcy.
The company edged closer to a bankruptcy filing in late January after the retailer said it had received a default notice from JPMorgan Chase & Co., its loan agent, and warned it didn’t have enough funds to make payments.
Creditors are demanding immediate repayment of the company’s debt after it breached the terms of a credit line, according to a regulatory filing Thursday, per Bloomberg.
“Generally, in situations like this where a company defaults on their loan agreement our experience is, if they don’t come to an agreement with their lenders, the likelihood of a bankruptcy filing within the next 30 days is relatively high,” said Dennis Cantalupo, chief executive officer of Pulse Ratings, a credit-rating and consulting firm.
BBBY stock is up +1.73% this year-to-date.
#5. Hycroft Mining Holding Corporation
Shares of Hycroft Mining (NASDAQ:HYMC): rose +0.86% in the past week.
The mining company’s stock is down more than -28% this year-to-date.
Shares rose to $0.57 from a previous low of $0.44.
AMC CEO Adam Aron made the exciting announcement on Twitter stating, “so far ALL 20 of the newly drilled bores contained gold/silver, and 14 of the 20 showed higher grades than previously known to Hycroft.
AMC acquired a 22% stake in the silver and gold mining company in 2022 when they received 23.4 million warrants in Hycroft at $1.07 per share.
The stock at the time surged to $1.70 after trading at $0.60 earlier that same year.
More updates coming soon
This page will get updated every week with news, performance, and updates.
Readers are receiving updates like this from various stocks and news daily via push notifications or from the newsletter.
Are you holding any of these ‘meme stocks’?
Leave your thoughts on this week’s performance or ideas on how to make this page better down in the comment section.
Franknez.com is the media blog that keeps retail investors informed.
Market News Today: Why is there a delay on the AMC and APE merge?
Recently, a pension fund filed a lawsuit against Adam Aron, its entire board members, and the company itself asking to delay the AMC and APE merge.
The Allegheny County Employees’ Retirement System is seeking a temporary restraining order against a planned March 14 conversion vote.
The pension fund asked the Delaware Chancery Court to declare the preferred shares invalid and ban the holders of the preferred shares from voting.
So far, we’ve not received any official statement from AMC or Adam Aron.
“This Action challenges a course of complex and disloyal corporate engineering by the Defendants — described by AMC’s Chief Executive Officer and Chairman, Defendant Adam M. Aron as an exercise in ‘3-D chess’ — devised to achieve a simple aim: eviscerating the voting power of AMC’s Class A stockholders in order to force through approval of a proposed dilutive share count increase that those stockholders repeatedly had rebuffed and were not willing to support at the corporate ballot box,” the complaint says.
The pension fund is scrutinizing AMC Entertainment and its board members for issuing its equity (NYSE:APE) without shareholder approval.
APE debuted in August of 2022, supplying shareholders with one APE share for every AMC share they held.
The strategy was meant to extract a fraction of shareholder’s portfolios to fund the company’s capital pool.
This capital pool would help AMC Entertainment raise cash to pay off debt and for other innovations.
Now, the reason why the company issued APE is because shareholders did not vote ‘yes’ to dilution of common AMC shares.
APE was the loophole for the company to raise capital without the approval of its shareholders; now the CEO and its board members are getting sued.
Why Delay The Process?
It’s been 6 months since the inception of APE at the time of this publication.
So why is the pension fund coming out just now when AMC and APE may potentially merge?
Shareholders suspect the plans to delay an AMC and APE merge vote has to do with a broader picture.
One that has the potential to delay a catalytic short squeeze.
Others believe the AMC and APE merge will completely destroy the short squeeze thesis.
Interactive Brokers Chief Strategist Steve Sosnick says AMC is in a very special situation because of the proposal to merge APE with AMC common shares.
“Right now we’re seeing such a demand to short AMC partly because of its difficulties but partly because of the special situation.
This really is what they were looking for in some ways as the mother of all short squeezes.
The borrow rate, it costs you 700% to borrow the shares overnight — if you can find them,” said the Interactive Brokers Chief Strategist on Yahoo Finance.
The problem right now is that the CEO has not made an announcement regarding the delay, it seems eventually he will have to address it, if delayed at all.
There’s too much uncertainty at the moment to fully understand the mechanics of why this is happening right now.
What We Know About the Possible Merge
What is certain, however, is that an AMC and APE merge will help AMC Entertainment raise big cash again and stay afloat.
The strategy will buy the company time to continue paying off its debt while working towards ending the Wall Street short thesis once and for all.
Fundamentally, it helps the company out more than shareholders know, this is why the CEO urged investors to vote ‘yes’ on all three proposals.
We also know that portfolio value will be unchanged at first, but shorting at the new price may significantly affect retail’s position.
AMC Entertainment stock will also need to be in the several hundreds of dollars for long-term investors who got in at the peak of the runup in 2021 to break even.
However, short sellers are also in a bind because the cost to short AMC stock is over 700%!
It’s still costing short sellers millions of dollars per month to short the stock.
It’s also very possible merge or no merge that we begin to see shorts close their positions.
Shorting the stock is only proving to be more difficult, and there’s only one way out — through a short squeeze.
Market News Published Daily
Market News Today: Why is there a delay on the AMC and APE merge?
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43.8% of market participants said they hold more AMC Preferred Equity (NYSE:APE) over AMC Entertainment Inc. (NYSE:AMC) common shares.
Shareholders were given 1 APE for every 1 AMC share they held, but investors say they are now holding more of AMC’s equity than common shares.
APE has allowed the company to raise capital from shareholders since it couldn’t issue more common shares based on voting rights.
The equity is down -56% since its debut but has skyrocketed nearly +140% in 2023.
Those in favor of APE see an opportunity to squeeze short sellers attacking the equity.
However, other shareholders say there should have been a vote on the dividend as it created further losses for shareholders.
23.7% of market participants said they hold more AMC shares than they do APE, which means these investors either continued to purchase more AMC shares after the dividend or have sold some APE shares to manage their losses.
32.5% of market participants said they hold an equal amount of both AMC and APE shares, suggesting they have neither bought or sold or may have purchased the same amount equally.
How many AMC shareholders are still buying?
AMC stock news today – Market news, business news + more.
Out of more than 1,000 market participants, 67.5% said they have accumulated more AMC or APE shares as of January of 2023.
Although it’s fair to mention the percentage of AMC shareholders still buying in 2023 could be higher.
Market participants who said they hold an equal amount of both AMC and APE shares could have purchased more of each security equally this new year, although that statistic is unaccounted for.
AMC Entertainment stock is up nearly +40% this year-to-date, a big win for fresh investors holding both stocks in 2023.
What does this case study show us?
AMC stock is known for its incredible +3,000% gains in 2021.
Shareholders continue to hold and buy the stock to recreate the events that took AMC to a record all-time high.
Since the inception of APE, we’ve seen AMC’s volume fall twice its average daily trading volume.
AMC Entertainment had an average intraday volume of 66 million prior to APE, currently at 31 million.
APE has an average daily trading volume of 32 million, which shows us how the creation of the equity has spread the value of investors’ portfolios thin, and the momentum.
AMC’s pipeline has been divided in half with its equity APE, limiting the total trading volume that goes into squeezing short sellers betting against AMC common shares.
In 2021, there was full force in volume going into AMC Entertainment in efforts to trigger a short squeeze.
Volume has now been divided with the introduction of APE.
CEO Adam Aron said shareholders will be able to vote on converting APE back into AMC common shares, several months after the company was able to successfully capitalize on its strategy.
Market News Today: AMC CFO Sean Goodman Sells APE shares.
AMC Entertainment (NYSE:AMC) CFO Sean Goodman cashed in approximately $230K of AMC’s Preferred Equity (NYSE:APE) shares on Thursday according to an SEC filing.
Fintel reports the CFO sold roughly 171,431 shares of AMC Entertainment in 2022 taking home a tidy $3,384,701.
In 2021, Sean Goodman made approximately $7,067,369 when he sold a total of 220,425 AMC shares between March and December.
Today, the CFO holds only 4,420 shares of APE.
There are now shareholders who hold more APE shares than AMC Entertainment’s own CFO.
Shares of APE have risen by more than 150% in 2023 and more than 54% for common shares of AMC stock.
The equity closed at $3.01 on Friday despite the selloff.
The conversion of APE to AMC stock remains in the air; here’s the latest APE stock news.
What happened to APE?
Stock Market News Today – AMC CFO Sells APE shares.
APE shares have fallen from their high (inception) of $10.50 to a low of $0.65.
The purpose of APE was to utilize shareholder’s cash to pay down debt, which AMC accomplished to do in September selling 425 million shares, a month after listing.
AMC Entertainment delivered the following statement that same month:
“Under the circumstances, we caution you against investing in our AMC Preferred Equity Units, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” said an official statement from AMC Entertainment.
However, the company also warned short sellers of a potential APE short squeeze, resulting in severe losses for those betting against the security.
Retail investors are now waiting for this short squeeze to recoup losses and possibly profit from any type of massive price surge.
Fortunately, the CFO’s sale of APE shares didn’t impact the equity’s price this past week.
In fact, bullish sentiment amongst retailers remains intact.
Discussion ⬅️
Knowing what’s occurred with APE shares today, would you have done anything differently?
An investor reached out asking what I made of an article by Bloomberg of why APE was created in the first place, published on the 1st of February.
To which I answered, “It’s in line with what I said before APE was created (layman’s terms)”, an article published in August mind you.
APE was never intended to be an investment vehicle for shareholders, it was always meant to be a liquidity pool for the company.
Many didn’t like that I said this, but it was the truth, and the company claimed it many times too.
But many shareholders, and probably not even you, but many did follow blindly to the hype influential accounts were making up.
Hey, it sounds nice I get it.
Just be aware of what content you’re consuming.
APE shares are up +150% year-to-date
If you never owned APE and you purchased shares during the first week of January for the first time, you’re killing it – but that’s a very small percentage of you, if any.
APE Stock Price Today.
It’s time retail investors stop handing their money away and start capitalizing on opportunities when they present themselves.
Some of you have capitalized on AMC a few times over, some of you have even capitalized on Hycroft.
Majority of you have been in profit, made a decision not to take profits, and then let those gains turn into losses.
I’ve been there.
Stop listening to people making up narratives.
Instead, stay tuned to where the money is going, position yourself, and take profits when you’re in profit.
Profitable Case Studies/ Probabilities
You purchased AMC in Feb 2021 (same time I began writing about it) when it was trading around $5-$6 per share and sold with profit at some point later that year.
Profiting from Bitcoin when I said buy at $29K (June 2021), jumps to all-time high of $66K, doubling your investment.
You saw my newsletter on SHIB back in October 2021 during the weekend; the cryptocurrency goes to a record all-time high that next week.
Capitalizing on HYMC when I said it could be a good short-term trade (March 2022).
Getting in on LUNA when I called unusual whale activity in September 2022; the crypto ripped that same week.
I called MULN at $0.32 per share on January 4th, 2023, the stock has surged to $0.44 since the publication of the company’s latest developments (not financial advice), but analysts and shareholders expect it to continue rising.
These are all very real case studies I’ve done that have provided many opportunities to many of my readers.
7th on the list was a complete bust, September 2021: SPRT stock.
6 out of 7 case studies have put retail investors in profit at some point.
Of course, we don’t always cash out when we should have; that’s ultimately on us.
So, could you really blame AMC CFO Sean Goodman for getting the bag?
Some will look at it objectively and think ‘opportunity’, others may look at it as insiders taking advantage of something shareholders built.
But I’m curious to hear your thoughts on the CFO selling APE.
Leave a comment below.
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Market News Today – AMC CFO sells APE shares.
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Stock Market 2023: Top stocks outperforming the SPY.
AMC Entertainment (NYSE:AMC) stock continues to be one of the biggest ‘meme stocks’ even after its massive debut in 2021 when shares rose from $2.50 to $72 later that year.
The stock, at the publication of this article, is trading at $6.08, the same share price it was two years ago before gaining serious traction.
AMC Entertainment continues to improve its fundamentals and remains the #1 leader in the movie theatre industry.
While online streaming has grown to become quite popular, especially during the pandemic, experts are beginning to weigh in on AMC’s side in 2023.
CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.“
Even Amazon associates who asked not to be identified, per Bloomberg News, are stating the company plans to invest $1 billion per year in the movie theatre industry.
The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.
“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic”, said CNBC.
Peloton Interactive, Inc. (NASDAQ:PTON) is an American exercise equipment and media company based in New York City.
The company’s products are stationary bicycles, treadmills, indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service.
Company shares are up +109.11% year-to-date.
Peloton recently brought Leslie Berland, Twitter’s former marketing head, as its next chief marketing officer, per Bloomberg news reports.
She previously helped lead American Express for 10 years.
Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%.
The company in November posted wider losses than analysts expected for its first fiscal quarter.
Berland said in an announcement that she is “thrilled” to join the company at this “unique moment in its transformation journey.”
Stock Market 2023: Top stocks outperforming the SPY.
Tesla Inc. (NASDAQ:TSLA) had one of its worst years yet in 2022.
However, the company stock is outperforming the market today already gaining +74.16% in gains this year-to-date.
Tesla CEO Elon Musk sold 22 million shares of the company last year cashing in approximately $3.6 billion earlier in December according to this SEC filing.
After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.
Musk said he sees a ‘serious’ recession in 2023 and is preparing for a worst-case scenario.
And although experts are saying a recession is likely to strike the U.S. economy during the first quarter of 2023, the company stock seems to be performing quite well today.
Shares of Hycroft Mining (NASDAQ:HYMC) rose 25% earlier this year when the company announced it had discovered more gold and silver than it had anticipated.
Majority of the company is owned by AMC Entertainment.
The company capitalized on APE to cut some debt off the top before taking on new debt due in five years from now.
AMC has replaced $506 million due in 2023 with $400 million of new debt due in 2027.
The updated balance sheet is going to ensure the movie theatre chain company is able to grow while it slowly pays off its debt.
AMC Entertainment has reported positive earnings reports since 2021 when shareholders rescued the company from bankruptcy.
Today, it’s about maintaining that momentum to ensure the short thesis eventually changes.
Will APE Shares Go Up?
APE Stock Price Today – Yahoo Finance.
AMC’s Preferred Equity (APE) is up 50% this year-to-date.
The equity saw massive buying volume in the beginning of the new year which led to a great head start this year.
This type of buying pressure will continue to drive APE shares up in the future, that is unless majority of shareholders decide not to convert the equity into common shares of AMC stock.
Today, APE is trading around $1.80 and is up +2% in the past five trading days.
While there are still short sellers betting against the equity, AMC Entertainment has warned both retail investors of possible and significant losses due to volatility and the possibility of a short squeeze.
Are you holding shares of AMC’s Preferred Equity (APE)?
Leave your thoughts in the comment section of the blog below.
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FrankNez News Today – Market News, Business News, + more.
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Market News: APE failure to deliver surge since inception.
AMC’s Preferred Equity, APE, topped $304.9 million in FTDs last year.
The FTDs are reported for the month of August, per Stocksera.
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-deliver can occur in options trading or when selling short naked, per Investopedia.
AMC Entertainment has been a big target for short sellers looking to profit from the demise of the century old movie theatre chain.
The alarming amount of APE FTDs further proves this.
Let’s discuss it below.
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According to Investopedia, APE FTDs can also occur if there is a technical problem in the settlement process carried out by the respective parties (clearing houses).
There’s a major conflict of interest when Citadel Clearing LLC transacts orders worldwide.
Ken Griffin’s Citadel LLC is short on AMC Entertainment stock, so we can see how utilities play out in the hedge fund’s favor.
It’s unlikely FTDs have been a result of retail buyers since the majority are purchasing the equity on cash accounts where orders execute almost immediately.
Naked short selling seems to be the most probable cause here as $APE has tumbled despite heavy retail interest.
The large amount of FTDs is manipulative and quite common in stocks such as AMC and GameStop.
Retail investors have taken it to Twitter to express their concerns to SEC Chairman Gary Gensler.
And although activists continue to engage the Chairman, no action has taken place to justify the ongoing market manipulation in APE, AMC, and GameStop.
Others are suggesting protesting outside SEC locations across the country.
Leave your thoughts on APE
There’s a lot of speculation surrounding APE FTDs and APE stock in general.
Are you holding APE?
Leave your thoughts below.
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