Welcome back to the channel everyone today, i want to talk about how bloomberg have just confirmed that there's 3 billion amc shares in issue and a little bit later in the video. I want to go over robin hood's. Disappointing first results since going public, so stay tuned and let's make some money, but before i dive into the video, i just want to give a massive shout out to the 4 000 of you that have currently ding that notification bell, because you guys are always the First, to watch a new video as soon as it's released so guys be sure to drop a like down below subscribe to the channel and ding that notification bell. If you haven't already so that you don't miss another video.

Just like this one, and just a quick one before i dive in with the key information, if you haven't already signed up with moomoo, to get your four free shares worth up to 3 350, be sure to follow the link in the description below to sign up. But be sure to deposit at least a hundred dollars to get the most out of those free shares, and now i want to dive straight in with the key information, so amc ticker, a2 mc34 based in brazil, with a share price of thirty three dollars at nine Cents and a market cap of a hundred and one point, nine billion dollars that would make total shares three billion shares. Is there something i'm missing here? Jackson then posted some screenshots from bloomberg, showing a 33 price and a 101 nearly 102 billion dollar market cap and the screenshots of his math 101 billion dollars divided by 33, is over 3 billion shares. However, something i did notice in this screenshot is that it's not 33, it's 33 brazilian real.

So let's run the math on that for every one us dollar, there's 5.32109 brazilian reals. Therefore, if we first divide the 101 billion market cap by the 5.32, we get around a 19 billion dollar market cap. If we divide the 19 billion dollars by 33.09, that gets us around 570 million shares, although that's still more than the 513 million shares in issue. So, what's going on and you'll note that actually my calculation there just took the 101 billion right out and divided that into us dollars.

If you take the 33 rail and divide that into dollars, you still get the 3 billion shares and actually, if you go directly to bloomberg here, you can see the 33 brazilian real and the 101 billion dollars. And then, if you scroll down slightly, it does actually say shares outstanding 3 billion shares and just to double check. This is still the a2 mc34 ticker, which is amc, entertainment holdings. So still the correct amc not amcx.

For example, boss blunts on twitter also managed to tie this in to something that we saw a few months ago. Someone found 3 billion shares of brazilian amc, ticker a2mc 34.. Recently a bloomberg terminal showed many gamestop shares recently and called it a glitch. If you remember, i showed this screenshot and it has tons and tons of put options and shares in brazilian banks and here's that screenshot, i'm talking about which shows 720 000 per options or the equivalent to 720 million shares held by constancio investments and also 397 000 Options or the equivalent of 397 million shares held by capital investments and therefore jackson and boss plants may have determined that all of the illegal synthetic amc shares are currently being hidden in brazil and that's why the brazilian stock exchange is showing 3 billion shares in issue.

If you take the three billion shares and take off the actual float of 513 million shares, that gets you to around 2.5 billion synthetic shares, which is very very close to those calculations performed by people looking at the say, technologies vote count. If you remember, back to the other week, say, technologies had around 60 million verified shares from around 64 000 apes being an average holdings of a thousand shares per ape, which scales up even using an 80 20 rule or a 90 10 rule or a 95 5 Rule to around 2.5 billion synthetic shares, the amc due diligence out there at the moment is absolutely insane, and this gets me super super stoked, knowing that there could potentially be three billion shares of amc in issue. Obviously, this could potentially be a glitch showing 33 brazilian real and 101 billion of market cap, but that calculation still shows 3 billion shares outstanding. Maybe bloomberg will end up updating to reduce the shares outstanding or to reduce the market cap or the or inflate the share price into actual royale.

But for the moment it is showing three billion shares before we dive any deeper into robin hood's disappointing earnings. I've got a quick message from the sponsor of today's video gsx is a new cryptocurrency. That's revolutionizing the space. The risk with most cryptocurrencies is volatility.

There's nothing physical, the price of most cryptos, a pinned to. However, the value of gsx is tied or pinned to the underlying gold trust-backed assets of apollo fintech. Therefore, gsx combines the benefits of a stable coin being low volatility and an actual tangible physical asset underpinning it, while facilitating growth as the value of the underlying assets. In the trust rise currently there's around seven billion dollars of gold assets in the trust and that's expected to rise to 20 billion dollars and 30 billion dollars over the next two years.

Gsx rules are running a short-term competition to make a splash in the market. They're. Currently, giving away two lamborghini hurricanes, two tesla cyber trucks and over three million dollars worth of gold. So if you do want to buy some gsx cryptocurrency be sure to check out the link down in the description below.

Although, as always guys remember that this is not financial advice and be sure to do your own due diligence and now, let's get back to the video robin hood - disappoints in first earnings report since market debut robin hood posted a big loss in its first earnings report. Since its volatile ipo last month overshadowing the fact that sales, more than doubled in the second quarter, led by strong demand for cryptocurrency trading, the company reported revenue of 565 million dollars in the quarter. Analysts were expecting sales of 521.8 million dollars. Robin hood said this was the first time more.

New customers made their first trading cryptos such as bitcoin and ethereum. Instead of stocks, executives noted on a conference call that more than 60 percent of the cryptocurrency trading volume in the second quarter was in dogecoin the mean currency. That's gotten a boost thanks to tweets by tesla and spacex ceo elon musk. Although funnily enough, robin hood made around 233 million dollars from crypto 62 of that is, around 144 million and 144 million is around 25 of their total sales for the quarter, considering that crypto isn't currently doing quite as well as it was a few months ago.

Right now i imagine robin hood's quarter. Three sales are gon na drop significantly. On top of that, you've also had hundreds of thousands of users. Potentially, even millions of users dropped the platform entirely because of what they did to amc and gamestop back in january, especially now that we've realized how pfos impacts the amc stock price and how pretty much all orders from robin hood are routed to the dark pools.

Therefore, i expect their quarter three results to be probably even worse than their quarter. Two results, robin hood added that its base of monthly active users more than doubled to 21.3 million in the second quarter of 2021, compared with 10.2 million a year ago. Although i imagine this, 21.3 million is gon na drop significantly in quarter three, but here's the kicker, the trading platform also reported a net loss of 502 million dollars or two dollars and sixteen cents per share. Therefore, their net loss was almost as big as their revenue, meaning that they're adding expenses and their general expenses were pretty much double their actual revenue.

That was much bigger than wall street's forecasts, as i think they were expecting like a six cents per share loss. A big chunk of the loss was largely due to an accounting issue, however, due to a change in fair value for convertible notes and war in liability. According to the company, the company warned that the third quarter, which is typically a seasonally weaker one for stocks, will lead to lower trading activity across the industry, or maybe just specifically for robinhood as they're a terrible company, as well as lower revenues and considerably fewer new Funded accounts than in the prior quarter for robinhood, robin hood's stock, fell about eight percent after hours, following a nearly seven percent pop up during in-session trading wednesday, ahead of the earnings report, it's been a wild ride for robin hood investors. The stock stumbled out of the gate falling more than eight percent in its debut as investors questioned its valuation and criticized the company for temporarily not allowing customers to buy gamestop and other meme stocks touted by reddit users.

Earlier this year, robin hood has also been accused of gamifying, investing and catering to younger and less sophisticated traders. Robin hood has been sued by the family of a 20 year old customer who had this word happen to him after mistakenly thinking he owned 730 000 to the app robin hood has said, since in a regulatory filing that it has settled the case. But following its early post-ipo growing pains shares have roared back, although based on my video yesterday, i'd probably expect robin hood shares to continue taking tumbles, as there will be more and more sec investigations against them at one point earlier this month, robin hood shares hit a High of 85, nearly 125 percent above the offering price of 38 as the trading platform became a meme stock in its own right shares have since pulled back to just below 50, but the company is still worth more than 40 billion dollars. Robin hood is hoping to make amends to traders who may feel disappointed by events of the last few months.

Individual investors asked questions on its conference call on thursday a move similar to what movie theater chain and redder favorite amc did on its most recent earnings. Call users were able to submit questions on a shareholder, app called save technologies which robin had agreed to buy last week for 140 million dollars, can't say i've heard anyone mention the word say technologies since last week, after robin had bought it. I imagine everyone is now staying well clear, like i advised. According to c technologies, some of the more popular questions were about plans for new products such as cryptocurrency wallets, as well as 401ks and other retirement accounts launches in international markets, and whether investors would get swag like hats and hoodies, and also potentially, whether robin hood will Be giving away free passwords, unfortunately, that last sentence wasn't written there and probably also wasn't asked in the say, technologies vote, but it wouldn't surprise me if that actually happened.

And finally, i want to quickly go over some wider market data in the last trading day. On the 18th of august 2021, the vix went from 17.5 to over 21.5 in the last trading hours, especially during the power hour. As of today, august 19, 2021 before pre-market for stocks futures are trading and the vix is still going on strong in an upsurge over 23.. If you didn't already know, the vix is a volatility sentiment tracker.

It basically tracks the wider market sentiment and as the vix moves higher, it basically means there's more panic in the market. If we look at the vix chart over the last 15 years, there was obviously a massive spike in vix and a massive spike in panic. In 2008 and a massive spike in fix, or a massive spike in panic during march of 2020, just as the pandemic got started, as you can see here, we're potentially starting another massive peak as the wider market and the economy starts to panic, guys be sure to Let me know down in the comments below what you think about there, potentially being 3 billion amc shares an issue and what you think about robin hood's poor results i for one personally, i'm a little glad and as always guys, if you enjoyed this video, be sure To check out some of my others, alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted. When i upload a new video cheers.

.