Now investors are waiting for official confirmation of the delivery from the company or CEO soon.
Several Mullen Class 1 EV cargo vans have been spotted at a Randy Marion Automotive dealership this week.
“When I went to RM on 3/23, I counted 34 Mullen & 133 Elms on the lot public has access to. There is another lot that public cannot get into (not sure if there are any over there), said a user on Twitter.
Market News Daily – Mullen Class 1 EVs Have Been Spotted at RMA Group.
Skeptics have doubted this deal would ever go through but in this video, we see Mullen Class 1 EV cargo vans on Randy Marion Automotive’s public parking lot.
As of Feb. 28, 2023, Mullen has $87,400,009 of cash and cash equivalents, including restricted cash, and Mullen expects to receive an additional $110 million from firm commitments by June 1, 2023.
“I believe we have all the pieces in place between our product, factories, and strategic expertise to execute on our plans to deliver our Class 1 and Class 3 vehicles this year,” said David Michery, CEO and chairman of Mullen Automotive.
“Furthermore, we continue to invest and move at a fast clip with the Mullen FIVE program, which will soon be approaching vehicle engineering freeze, allowing us to move into the next phase of the crossover program.”
Will MULN Stock Recover?
MULN stock is up more than +13% on Wednesday morning.
Shareholders have grown quite weary of the declining share price despite several positive developments.
The company recently won license for IP and exclusive distribution rights in North and South American markets for the Qiantu K50/DragonFLY.
“This agreement with Qiantu is an important milestone for the company, said Mullen’s CEO and Chairman David Michery, adding that “since day one, we have received overwhelming positive feedback for this vehicle, including our original debut at the 2019 New York Auto Show and the Indy 500 in May 2019.
We are excited to start the GT and GTRS programs on March 20, 2023.”
According to sources, Mullen Automotive will work to re-engineer the product to meet U.S. standards with final assembly in Mishawka, Indiana.
The EV supercar will be rebranded and refreshed to sell under the Mullen GT & GTRS brands with expected performance specs of 0-60 MPH in 1.95 seconds and a top speed over 200 MPH.
The stock should recover as these positive developments and updates start taking physical form.
The CEO has hinted at issuing a reverse stock split should the company fail to meet the Nasdaq $1 bid requirement by September this year.
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Market News Today – Mullen Class 1 EVs Have Been Spotted at RMA Group.
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AMC Entertainment’s (NYSE:AMC) short borrow fee has risen to 244.40%.
This is the fee short sellers are paying annually to borrow short shares in efforts to suppress the stock’s share price from creating a short squeeze.
Short sellers could face serious losses as the movie theatre chain stock begins to move up in price again from retail buying pressure.
As hedge funds begin to play the long game and begin to buy the stock again, the reality for the short seller could be disastrous.
In 2021, AMC shareholders were able to move AMC’s share price from $2 per share to $20, and then from $9 per share to its all-time high of $72 per share based on momentum alone.
AMC retested the heavy demand zone at $6 per share and even retested above the $8 level in the beginning of 2023.
However, share prices have broken below these levels today.
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AMC’s Rising Share Price Spells Trouble for Short Sellers
Is AMC about to squeeze shorts again?
Retail investors continue to take on Wall Street in 2023 as long-term shareholders continue to buy and hold the world’s largest movie theatre chain stock.
#AMCSTOCK and #AMCSQUEEZE have been trending on Twitter for two years in a row now, signifying shareholders aren’t leaving.
After price rejection at $6 levels, AMC found itself trading above $7 per share having retested $8.32 earlier this year.
AMC’s short interest is already over 25% according to Ortex data, higher than the short interest it was before it began surging to its all-time high.
Retail investors have been waiting for AMC to trade above $100 per share since 2021 when it nearly reached those levels.
And with the extremely high short borrow fee rate, shareholders are waiting to see the stock’s price skyrocket again.
Short sellers betting against the movie theatre chain are no longer paying the 1% short borrow fee rate like they were last year.
According to Stonk-O-Tracker, hedge funds are currently facing a 244.40% short borrow fee rate to short AMC.
Market News Daily: Amazon is Considering Acquiring AMC Entertainment.
Amazon (NASDAQ:AMZN) is considering buying AMC Entertainment (NYSE:AMC) according to Amazon Insiders, per Intersect.
AMC stock rose more than +16% on the news before getting halted.
The thinking is that Amazon can use AMC’s theatres as “marketing weigh stations,” said one Amazon insider.
This would be used for promoting Amazon Prime movies for awards contention, cross-selling services such as grocery delivery, serving as local distribution hubs, and collecting crucial data from AMC’s annual 200 million moviegoing customers.
“It would also throw a lifeline to AMC, the world’s largest theater chain whose financials were torpedoed by the COVID pandemic chased by Hollywood’s cut-throat pivot to their own streaming services. The cinema chain – whose stock traded a year ago at $34 and now languishes at about $4 – can be scooped up cheaply (and without a major premium) for just a few billion dollars,” says Intersect.
“The discussions inside Amazon’s headquarters in Seattle and entertainment offices in Los Angeles are fluid, and there is no certainty that the retail giant will even make an offer.
One insider told The Intersect that Bezos may just bide his time should AMC’s stock continue to erode, or even pounce on AMC assets if the company buckles into bankruptcy — a strategy reminiscent of British banking giant Barclays’ takeover of Lehman Bros. during the financial crisis.”
Amazon AMC Acquisition Rumor
Market News Daily: Amazon is Considering Acquiring AMC Entertainment | Amazon AMC Acquisition News.
Sources say Adam Aron responded to a text message late Monday evening with “we do not reply to rumors and speculation.”
Amazon did not immediately reply to several email inquiries seeking comment.
Intersect says these are internal discussions being held inside Amazon and no official offer has been made from either party.
Still, many investors over the years have speculated an offer would one day be brought to the table.
If Amazon acquired AMC Entertainment, it would boost the company’s market cap substantially, more than likely squeezing short sellers from this acquisition.
Would this be a gamechanger for AMC Entertainment?
I’d love to hear your thoughts on this in the comment section down below.
Market News Daily – MMTLP Investors Want Their Two Trading Days Back.
#IWantMy2Days is circulating on social media as MMTLP investors demand for the two trading days FINRA abolished when it delisted the ticker in December.
Shareholders are also requesting the self-regulatory organization releases their blue sheets, data files which contain both trading and account holder information and provide regulatory agencies with the ability to analyze a firm’s trading activity.
MMTLP investors have also begun reaching out to the Oversight Committee, which is in charge of ensuring the efficiency, effectiveness, and accountability of the federal government and all its agencies.
Shareholders are stating that the Oversight Committee is aware of what’s happened with MMTLP but are refusing to speak more on it.
There are no answers to whether the Oversight Committee will take any action yet but investors who have reached out have said that the committees are very well aware of the events.
Now former CEO John Brda of Torchlight, which merged with Meta Materials in 2021 says Subpoenas will go out.
Though we have yet to receive an official update on these actions today.
What Happened with MMTLP?
Investors who held shares of MMTLP stock on the record date of December 12 would receive a preferred dividend of Next Bridge Hydrocarbon on Wednesday, December the 14th.
Investors anticipated a long-awaited MMTLP short squeeze during the last few trading days prior to the spinoff — primarily due to big buying volume flooding the market to receive Next Bridge Hydrocarbon shares.
However, MMTLP stock stopped trading on Thursday, December 8 after FINRA delisted the security without notice or warning.
Now shareholders are demanding FINRA reinstate trading of MMTLP stock for the Friday and Monday the regulator abolished trading without notice.
Tens of thousands of shareholders lost their entire savings and retirement money in a flash without warning.
FINRA responded to investors affected by the aftermath but only acknowledged the events without providing retail investors with a proper solution.
MMTLP shareholders say they want their two trading days back — giving them with the opportunity to at the very least take their money out from the security.
A Strong Message from John Brda
If you’ve been following the MMTLP story, you’ve seen me publish this response from John during a space call I was invited to speak in.
I wanted to know John’s thoughts on whether he thinks there will be some sort of justice or solution for shareholders, or whether he thinks FINRA will simply try to dismiss the event without taking any real accountability.
Here’s what he had to say:
“What’s interesting is that we’re going to find out one way or another, whether we have to do it through the court system or whether congress is going to effectuate change in a way that they can.
We’re going to find out, we’re not gonna stop in this effort so, we have what we believe are, if we end up filing suit in that manner, we have what we believe are basically bulletproof items that will survive motion to dismiss, and then the discovery process starts.
And then discovery is a wide-open door for us to understand actually who all the bad actors are, you know broker dealers involved, market makers, hedge funds, FINRA, DTCC, everybody; everybody’s gonna get subpoenaed for their information.
So, no I don’t believe it’s gonna go away and no I don’t believe it’s gonna be swept under the rug.
We’re hitting this from both angles, through congress and through the court system and we’re not going away — it’s just not gonna happen”, said John Brda.
A special thanks to the MMTLP community
I’d like to give a special thanks to everyone in the MMTLP community who has supported my journalism in the wake of exposing their story.
And a big shoutout to BusyBrands, Ham, Pedro, Terryz, and Meta News.
🤝
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Market News Today – MMTLP Investors Want Their Two Trading Days Back.
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Market News Daily – Mullen Automotive Files Lawsuit Against Media Group.
Mullen Automotive (NASDAQ:MULN) has filed a lawsuit against Intersection Media Group, doing business as dot.LA and a reporter for ‘damages sustained from a false article’.
The official press release stated that the company “filed a civil complaint for defamation in the Superior Court of Delaware today alleging that on March 22, 2023, dot.LA published an article on its website authored by David Shultz that contained false and defamatory statements regarding Mullen, including false and defamatory statements regarding the terms of a settlement agreement of a civil action.”
McDermott Will & Emery LLP, a leading international law firm, has been retained to represent the Company in the lawsuit.
The media group said in January that Mullen Automotive had approved a reverse stock split when the company only proposed it.
In February, the Media Group alleged Mullen Automotive of being a ‘scheme’ company.
Mullen Automotive’s lawsuit against this media group has certain investors questioning why the company isn’t taking legal action against naked shorts instead.
The company has shown several signs of being a target to the predatorial short selling strategy — primarily through the rising number of FTDs and suppressed share prices in spite of positive developments.
MULN Stock News Today – Mullen Automotive Files Lawsuit Against Media Group.
Mullen Automotive has until March 31st to deliver its 6,000 Class 1 cargo van EVs to Randy Marion Automotive Group.
Last week, CEO David Michery made addressed shareholders in a formal report confirming the delivery of 6,000 EVs to RMA, valued at $200 million.
At first, the rumors of the $200 million purchase order seemed to hold very little weight but the CEO confirmed that the delivery would take place by the end of March, leaving only a few days for the deadline.
“Mullen anticipates making Class 1 EV deliveries to various commercial customers before the end of March 2023 in connection with the customer orders referenced below,” said the report.
CEO David Michery seems rather confident of the company’s lineup this year, particularly in the Class 1 and Class 3, despite falling share prices.
“I believe we have all the pieces in place between our product, factories, and strategic expertise to execute on our plans to deliver our Class 1 and Class 3 vehicles this year,” said David Michery, CEO and chairman of Mullen Automotive.
“Furthermore, we continue to invest and move at a fast clip with the Mullen FIVE program, which will soon be approaching vehicle engineering freeze, allowing us to move into the next phase of the crossover program.”
Market News Daily – Mullen Has Until March 31st to Deliver 6,000 EVs.
Mullen Automotive (NASDAQ:MULN) has until March 31st to deliver its 6,000 Class 1 cargo van EVs to Randy Marion Automotive Group.
Last week, CEO David Michery made addressed shareholders in a formal report confirming the delivery of 6,000 EVs to RMA, valued at $200 million.
At first, the rumors of the $200 million purchase order seemed to hold very little weight, at least according to shareholders who noticed the delivery had not been made yet.
Now that shareholders have received confirmation from the Mullen Automotive CEO, it’s just a matter of waiting for the promise to be delivered.
David Michery said the delivery would take place by the end of March 2023, making the 31st a big deadline for the company who’s shares have fallen more than -68% this year.
Mullen Automotive stock, now trading at just $0.10 was able to avoid getting delisted on March 6th when Nasdaq approved a second 180-day extension.
If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.
“Consistent with my message to our shareholders, we will use our best efforts to regain compliance to meet Nasdaq’s requirement for a $1 minimum bid price,” said the CEO.
Why MULN Stock is Treading a Fine Line
Mullen to deliver 6,000 EVs to Randy Marion Automotive – MULN stock news today.
MULN stock is risking hitting zero as it trades just barely above $0.10.
The company has had very positive developments so far in 2023, which has led investors to believe Mullen Automotive is a target for naked shorts.
CEO David Michery has been criticized by shareholders for not speaking out on the subject matter like other CEOs are doing today.
Mullen Automotive won license for IP and exclusive distribution rights in North and South American markets for the Qiantu K50/DragonFLY.
“This agreement with Qiantu is an important milestone for the company, said Mullen’s CEO and Chairman David Michery, adding that “since day one, we have received overwhelming positive feedback for this vehicle, including our original debut at the 2019 New York Auto Show and the Indy 500 in May 2019.
We are excited to start the GT and GTRS programs on March 20, 2023.”
But despite this great development, Mullen is treading a fine line with the deadline of the 6,000 EV delivery.
If it is able to deliver on its promise, Mullen Automotive will finally have its first fleet of EVs on the ground by a reputable industry leader.
Failure to deliver and the company might continue to face investor scrutiny, and damaging the last connection of trust the CEO has with its shareholders.
Mullen Class 1 EV Cargo Van – MULN Stock News Today.
Are you holding Mullen Automotive Stock?
What are your current thoughts on Mullen Automotive?
The stock price is in a very risky zone, but the delivery of its promise may completely change the tide around.
Will this be the development that sends MULN shares skyrocketing?
I’d love to hear your thoughts.
Leave a comment down below.
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Market News Today – Mullen Has Until March 31st to Deliver 6,000 EVs.
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MMTLP shareholders are demanding FINRA to release the blue sheets, also known as EBS (electric blue sheets).
So, what are the blue sheets?
Electronic Blue Sheet (EBS) data files, which contain both trading and account holder information, provide regulatory agencies with the ability to analyze a firm’s trading activity.
Firms are expected to provide complete, accurate and timely Blue Sheet data in response to regulatory requests.
Incomplete, inaccurate and untimely Blue Sheet data compromises regulators’ ability to identify individuals engaging in insider trading schemes and other fraudulent activity.
MMTLP shareholders want insight as to what type of trading activity was occurring, that could prove to be manipulative or illegal, prior and during the trading halts.
Earlier in March, FINRA responded to investors affected by the MMTLP scandal but shareholders of the security now demand blue sheets.
#ReleaseTheBlueSheets has grown on social media as investors continue to scrutinize the self-regulatory organization.
FINRA sends Blue Sheet requests to firms by email and also posts them on FINRA’s Request Manager system as a second means of notification.
To access FINRA’s Request Manager, go to FINRA Gateway, choose the Request & Filings tab, and then select the “Bluesheet Request” type filter.
Brokers that do not have entitlement to FINRA’s Request Manager should contact (800) 321-6273.
Firms are responsible for providing FINRA with the firm’s most current Blue Sheet contact information.
Firms should promptly inform the Blue Sheet section of any contact changes by sending an email, per FINRA’s website.
FINRA Investigations Surface
MMTLP FINRA Investigations – FINRA lawsuits.
John Brda, former CEO of Torchlight, which merged with Meta Materials in 2021 says all the bad actors are going to get subpoenaed for their information.
“What’s interesting is that we’re going to find out one way or another, whether we have to do it through the court system or whether congress is going to effectuate change in a way that they can.
We’re going to find out, we’re not gonna stop in this effort so, we have what we believe are, if we end up filing suit in that manner, we have what we believe are basically bulletproof items that will survive motion to dismiss, and then the discovery process starts.
And then discovery is a wide-open door for us to understand actually who all the bad actors are, you know broker dealers involved, market makers, hedge funds, FINRA, DTCC, everybody; everybody’s gonna get subpoenaed for their information.
So, no I don’t believe it’s gonna go away and no I don’t believe it’s gonna be swept under the rug.
We’re hitting this from both angles, through congress and through the court system and we’re not going away — it’s just not gonna happen”, said John Brda.
FINRA has broken their silence after shareholders made enough noise on social media to grab the regulators attention.
Now investigations are surfacing as the scandal becomes more public.
Latest MMTLP Update
MMTLP investors are now reaching out to the Oversight Committee as well as the Financial Service and Senate Committee to make a collective stance on the events that occurred just months ago when FINRA froze trading and delisted the ticker.
“Remember, the way this works is everyone contacts their own reps, then they all convene behind the scenes with their staff and determine who is going to run with this because it is a big deal. This IS with the oversight committee and they are on it!”, said John Brda.
Investors anticipated a long-awaited MMTLP short squeeze during the last few trading days prior to the spinoff — primarily due to big buying volume flooding the market to receive Next Bridge Hydrocarbon shares.
However, MMTLP stock stopped trading on Thursday, December 8 after FINRA delisted the security without notice or warning.
There are no answers to whether the Oversight Committee will take any action yet but investors who have reached out have said that the committees are very well aware of the events.
The purpose of the Oversight Committee is to ensure the efficiency, effectiveness, and accountability of the federal government and all its agencies.
“We provide a check and balance on the role and power of Washington – and a voice to the people it serves.”
Oversight Committee Number: (202) 225-5074.
This is a developing story — receive updates on MMTLP and other market news via the newsletter or social media platforms below.
Market News Daily: Amazon and Apple are now contributing billions to the movie industry.
Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) are now contributing billions of dollars to the movie theatre industry.
This is a great development for AMC Entertainment (NYSE:AMC), the largest movie theatre chain in the world.
“Experts are now projecting that ticket sales will be off about 15% from before the pandemic (with 15% less product) and just about every studio is ramping up output.
After years of negotiations and failed experiments, theater chains and movie studios have reached something of a truce.
Studios will debut most of their movies in theaters and can now make them available at home within a few weeks,” says Bloomberg.
AMC Entertainment stock has dropped -43% in the past month despite being up more than +9% this year-to-date.
Let’s discuss the latest developments happening with Amazon, Apple, and AMC.
Amazon Studios Set to Release “AIR” in Theatres
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan. Stepping into theatres April 5. pic.twitter.com/aNKrQ43tQL
Amazon Studios has its first-ever original movie debuting in theatres globally on April 5th, 2023.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.
Insider information surfaced in November last year that Amazon was planning to invest billions of dollars in the movie theatre industry.
This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.
The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.
CNBC commented:
“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.”
So far, Amazon Studios has 4 original movie titles coming out with dates still to be determined.
Apple to Invest $1 Billion Per Year in Theatrical Titles
Amazona and Apple will bring revenue to AMC in theatrical releases.
The movie theatre industry, including the world’s largest movie theatre chain AMC Entertainment, will receive an additional $1 billion per year in theatrical titles from Apple.
Aside from Amazon, Apple’s investment will bring AMC Entertainment more revenue in theatrical releases.
This will allow the theatre chain to continue tackling its debt and continue working towards becoming a profitable company again.
AMC CEO Adam Aron says that the only challenge the theatre chain currently faces is not having enough movie titles to premier.
The investment by Amazon and Apple is a massive win for AMC.
Apple’s investment is part of the tech company’s efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter.
The commitment to longer theatrical releases is a way for the company to appease talent, who want their projects on the big screen, and drum up awareness for its streaming platform, which is estimated to have between 20 million and 40 million users.
Bloomberg reports that Amazon and Apple must collaborate with various studios who have the knowledge of releasing films in theatres since they cannot release films in theatres on their own yet.
“That’s why Warner Bros. is releasing Creed III and Air abroad, and why Paramount will still distribute Scorsese’s Killers of the Flower Moon for a fee.”
Positive News for AMC Entertainment and Cinema Industry
Amazon and Apple’s contribution to the movie theatre industry is just what AMC Entertainment needed.
What are your thoughts on the latest developments?
Wall Street can no longer fight for the ‘movie theatres are dead’ narrative.
Do you think this will be a game change for AMC Entertainment?
Leave your thoughts below.
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Market News Daily: Amazon and Apple are now contributing billions to the movie industry.
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Franknez.com is the media site that keeps retail investors informed.
In this article, we’re going to go over some of the latest developments in AMC, it’s history since redditors took over, and an AMC short squeeze update for the year of 2023.
AMC keeps on keeping on, and although AMC has been on discount recently, retail investors continue to buy and hold it.
Retail investors remain excited about the data that has been collected for years now.
Will we see an AMC short squeeze while we continue to ride today’s bear market?
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 and its short squeeze update and history.
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 $4.55 on March 27th. The stock continues to be heavily shorted. AMC Entertainment is set up for a short squeeze despite its split.
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.
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 and has beat every quarter since 2021.
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 and always has been for me to spread any 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.
Experts, analysts, and shareholders can’t identify an exact date and time.
However, the possibility of an AMC short squeeze is certainly possible given that it is still a very heavily shorted stock.
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 out of the picture, it’s only a matter of time before others close their positions.
It’s tendie time!
Analyst AMC predictions 2021
With that being said, Trey’s Trades predicted a short squeeze in 2021. Trey has been a leader in the AMC community, though he’s recently taken time off from stock content on YouTube.
Data points towards AMC stock reaching $1000+ per share.
See what Trey had to say.
AMC short squeeze – AMC Stock Forecast – AMC Stocktwits
The real question is, how can retail investors make this AMC short squeeze happen?
We know that short-sellers eventually have to close their positions. 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.
Just make sure to take your profits.
The last thing you want is to see your gains turn into losses.
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’.
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.
That is, for those whose majority of shares were purchased at today’s current lows.
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.
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 still one of the most heavily 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, so the company has a huge support.
AMC hasn’t squeezed yet primarily to two main reasons.
The stock requires volume to drive the stock price action up
Shorts need to close their positions
Volume will surge as more and more retail investors (as well as institutions) get in on AMC stock.
Regarding shorts closing, 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.
In 2021, Wanda Group had caused a little bit of disruption for retail investors by profiting on the first sight of gains.
This turmoil was only short-term but is a reason why we’ve seen some selloff in the market a few weeks ago.
However, Adam Aron has brought awareness in an interview with Trey’s Trades that this selloff from Wanda is simply policy from China.
Despite going around the breaking partnership, Wanda cashed out completely two years ago, making retail investors the biggest stakeholder in the company.
Is AMC Ever Going to Squeeze?
All the numbers point towards the right direction for a massive short squeeze.
Shorts and hedge funds continue to lose money every day.
Interactive Brokers Chief Strategist Steve Sosnick says there’s big demand to short AMC Entertainment (NYSE:AMC) stock.
He says the biggest reason aside from the company’s fundamentals is its new merge with its equity (NYSE:APE).
“It’s very hard to keep the momentum in these things because economic reality does take hold.
Bed Bath & Beyond, at one point was the best performing stock on the board until reality set in and they began defaulting, averted bankruptcy, but using a deal that is so dilutive that it’s unavoidable.”
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.
Is AMC Entertainment stock about to squeeze this year?
“Redditors, thank you so much for helping create the best pipeline we’ve ever had”, said Ken Griffin on Business Insider.
Ken Griffin, on how the GameStop frenzy helped raise Citadel’s profile with potential hires.
Business Insider says the SEC found no truth to any of the conspiracy theories but how can the SEC really go against one of the most powerful hedge funds in the world?
Transcripts showed Citadel and Robinhood did in fact have “blunt negotiations” the night prior to the halts.
A 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’.
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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.
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.
We have been hearing this for 2 years. The corruption is too great. Who benefits from the fines being paid…