Today I Want to talk about the joke AMC lawsuit and how it's about to be thrown out. Day One of the hearing has just taken place and well, it's been a bit of a comedic joke, so stay tuned and let's make some money. And now I'll drive straight in with the key information. So as Bigam's tweeted, the judge spent a lot of today confused about what was actually going on and confused about what points the plaintiffs were actually trying to make.

Saying that nothing they're saying actually has any Merit The plaintiffs were suggesting that it's AMC's fault that Ape was trading lower than they expected. Not the Mark it's full. not the hedge funds full. not anybody else's fault, but simply AMC's full.

The plaintiffs acknowledge that AMC at the time needed to raise Capital AMC said they did expect Ape and AMC to trade around about the same level, but they didn't But obviously that's not AMC's full. That's just how the market priced Ape. On top of this, the plaintiffs were trying to convince the judge to look at things in a different light and to look at things his way not to look at the whole aspect. The plant have spent pretty much the entire day talking about accusations using a lot of words like I think.

They basically didn't really talk about or touch on many facts at all, just accusations and hypotheses. The judge numerous times requested them to show evidence or to show contracts or to show documentation, but of course they had no actual information, just guesses or hypotheses or accusations with no real factual. Basics As a result, Biggums expects after the mess today that this entire lawsuit will get dropped and as Robert tweeted every ape right now is thinking who on Earth are these plantists or in my worst attempt at an Irish accent who is that guy boss plants also gave his version of the AMC court case update. He tweeted saying John Barton gave his entire family history and said that I've worked for many years on Capitol Hill as a lobbyist, He said so this guy's been paid for many years as a lobbyist and we expect to believe he's not been paid to object against AMC He specifically said the words I'm hopeful that after hearing our concerns, that you take the full 90 days to review.

So at this point, these shills of these plantifs aren't even hoping for the courts to deny the reverse split and the conversion, or even hoping for them to approve the conversion, they're just simply hoping for at least another 90-day delay. He said the shorts are terrified and they're trying to delay the conversion and reverse split as long as possible The shorts don't even care about the settlement. They don't even care about having it denied anymore because they know that it's obviously going to be approved. They just want an extra 90-day delay as here for the popcorn added he said.

so they don't even care if the courts decide in their favor suggesting they don't even care about the money we're seeking, but just that the delay is sufficient. He said this is blatant obstruction after hearing how much of a mess today's session was I think it really does expose exactly where these plants Sly and shows that they are indeed Shields or short sellers just trying to delay the conversion any longer. They had zero documentation or facts or contracts to support any of their accusations against AMC and Adam Aaron zero kind of documentation or facts to prove any collusion between Adam Aaron and the shorts. They just spent the whole day reaffirming these accusations using terms like I think and hoping the judge would see it their way.

He said the plant if suggested the reverse split will drop the number of shares by 90 but then failed to mention that the value of his shares would also increase by 90. I think boss plants here meant 10 times. He said the objector is either a shill or a dumbass or both. I think considering how unprepared the plantifs came into today's session, it really just suggests that they were indeed unprepared.

they were simply just paid off and they were simply just trying to create any kind of further delay. which again suggests even further, this car current lawsuit is indeed a joke lawsuit and will likely be thrown out now again I said in my video the other day I don't want to touch on AMC being on the threshold list every single day, but I've got to talk about it once more again. AMC is now on the threshold Securities list for the fourth day in a row being on the list again yesterday the 28th of June And the reason why I wanted to talk about it is because the Costa borrow fee is yet again up another 200 percent. It's gone from 200 percent to 400 percent to 800 percent and now to a thousand percent I asked if we could get another 200 cost to borrow fee each and every day that AMC is on this threshold Securities list and the market said, you know what? Another one.

We've now got a thousand percent cost to borrow average a thousand and sixty percent cost to buy a maximum, and even 781 cost to borrow minimum again. I'm hoping for yet another one tomorrow again, another one for one thousand, two hundred percent this rate. It should only be another week or two before we start seeing two thousand percent, three thousand percent, and then five thousand percent cost to borrow fee. At that point, they'll be paying 50 times their total short position in annual Short Selling fees basically paying their entire total short position every seven trading days in just Borrow feeds Alone Now Where's Christian Also made a really interesting point or a really interesting tweet hereby saying to Apes an Mtlp shareholders super stonk Wall Street Best and all others fighting illegal Short Selling and Market manipulation I've recently been attacked by Forbes in an article titled the Looney Conspiracy Theory threatening Wall Street He said I was disappointed to observe that the article was at best poorly researched and reported and at worst designed to intentionally mislead the public.

He said I'll be discussing this further tomorrow at 10 A.M CST Tune in using this link for a Twitter spaces I Think be really interesting to listen to this spaces tomorrow to see exactly what Wes Christian says but he didn't stop there. He's even written a letter to Forbes He said I write in response to the article the Looney Conspiracy Theory threatening Wall Street and saying for the past 20 years my team of lawyers, Consultants experts and I have zealously and successfully represented clients who have been victimized by Naked Short Saving schemes. Really Interestingly here it says: the cynical accusation that I've made a grandoise promise but fail to deliver results is bellied by the numerous motions to dismiss that have been denied by the state and federal courts across the country and the tens of millions of dollars in confidential settlements against major investment banks that my team and I have accomplished on behalf of our clients. So that's actually really interesting that some of his clients have received tens of millions of dollars in confidential settlements.

It'd be interesting to know which actual clients have received these settlements, but I guess we won't really find out as their confidential settlements. It would also be interesting to know if it was the companies themselves that received this cash or if it was actually the underlying shareholders. but he does actually say that he sent a following interview which suggests a summary of the stock fraud cases that resulted in settlements. It'll be interesting to see if we can find this interview to see which settlements he talks about and exactly how much was settled upon.

and he also said the article writer has clearly demonstrated that one, he neither thoroughly researched nor fully understands the topic of Naked Short Selling Number two that he's a shield for those brokerage firms who have made Millions by manipulating companies through Naked Short Selling And three, he's a writer who cannot be trusted to be fair, objective, thorough, and even-handed. It would be interesting to see whether West Christian tries to sue Forbes or to Sue this article writer as a result, and actually what happens go forward now. Joshua Skye has also tweeted saying that UBS is a dead Bank Walker King He said they're allegedly holding all Credit Suisses toxic swaps and counterfeit AMC ape and GameStop shorts and he's asked saying UBS how does holding a back feel and this is as a result of UBS cutting more than half of Credit Suisse is 50 000 employee Workforce UBS obviously knows they've got a huge task on hand taking over Credit Suisse's massive losses and their giant toxic derivative liabilities. They've predicted between six and 12 billion dollars in losses they're expecting, even after getting rid of half the workforce.

Clearly, they've got some major positions or major liabilities they need to close out of and effectively just to take the hit for it's likely still related to RKOs and that dabicle and all of those AMC GameStop and ape short positions that are holding I Think it will be really interesting to see over the next year or two if UBS unwinds these positions and if they do how much of a loss they take and if they don't who exactly they pass the blame on to or pass the bucket on two. But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when I put a new video. Cheers!.