Welcome back to the channel everyone today, i want to talk about amc nearing its end game with the mark code is nft. I also want to talk about citadel, hiding their options and their short positions, so stay tuned and let's make some money, and now i want to dive straight in with the key information. So as nathan g tweeted, as of today citadel supposedly covered 3.3 million shares or 3.3 million per options yesterday, some unknown company al thai, which is the company that i covered in yesterday's video, very similar to iceberg. Look at the photos shown shorted amc more than their entire company is worth so.

He googled a few things and check out what he found so citadel, supposedly covered 3.3 million shorts or 3.3 million put positions as of today, the 16th of november 2021. That's why i showed in yesterday's video from the 13th filings and yesterday, an unheard of hedge fund outside capital, shorted, 4.2 million shares or 4.2 million options from their latest 13f, which i also covered yesterday. I also touched on the fact that was a massive portion of their holdings, so from outside's latest 13f they've got 136 million dollars in assets, but yet they just placed a short bet against amc worth 161 million dollars. Altai also only has four employees and there's only one employee named on the website.

Godaddy was the website builder used to build the website which isn't very secure or very professional. The contact number is a cell phone that takes you straight to voicemail no voicemail either. Just your standard, your call has been forwarded and supposedly the president of altai went to school at university of chicago and studied business at the kenneth c griffin department of economics. Supposedly he also works at west loop capital and also works at goldman sachs.

All at the same time, basically, it all just seems very, very unusual how citadel somehow covered all of their puts or a large portion of their puts, and our ties seem to pop up with the pretty much exact same number of puts. Therefore, it seems like citadel, just actually shifted all of their options and potentially a lot of their short shares or synthetic shorted shares as well straight over to altai. So if you didn't already know, i personally use blockfi to invest in cryptocurrency. Not only can you just buy some bitcoin, but you can also earn interest on your deposits, also paid in cryptocurrency up to nine point five percent per year, so you can just continue accumulating more and more and more bitcoin and if you sign up to block files, My link in the description down below you can get up to 250 in free bitcoin just for signing up and making your first deposit and block fire also offer a rewards credit card with an introductory rate of 3.5 cashback on your purchases, also paid in cryptocurrency.

So again, you can just continue accumulating more bitcoin, there's also no annual fee, but unfortunately the credit card's only available in the us at the moment and not in the uk and when you've generated a massive profit on your investment. Instead of having to sell off your bitcoin or your ethereum or your shiba inu or your loop ring and potentially missing out on the next run up, you could just take out a crypto backed loan. Therefore, you can get cash and keep your cryptocurrency, and i also want to talk about the end game for amc. As you can see here, this is actually on fox news.

It says sources. Mark code is offering a plan to force shorts out of stock, with amc issuing a security token as a dividend. Now i do want to be clear. This isn't really an nft dividend, because obviously amc can't yet give out a dividend.

It's an amc sto, which is a security token offering so this security token offering would not be considered a dividend because it will have no cash value at the time of minting. It would trade on t0, it's perfectly legal and it can easily be implemented. Obviously, some companies that have historic losses and are still generating losses can't issue dividends. Therefore, amc yes, is historically loss making and is currently generating losses.

Therefore can't issue a dividend, but it can issue a security token, offering, as john said on twitter, an update for anyone interested mark. Hodes just gave a nice update on his involvement with helping the amc community he's exchanged emails with adam aaron and has a website that outlines his plan. In summary, his entire strategy hinges on amc's willingness to issue a security token offering which is a form of nft. Now, obviously, that nft will be issued to all 518 million shares in a float one nft for every one share owned.

The method of distribution and exchange of these stos is on a real time, exchange or t minus zero, not a t plus two or a t, plus six or a t, plus four or any of that nonsense. Just t minus zero and therefore you can't short and not locate an sto and therefore anyone holding short amc shares that are unable to be located or have sold. Synthetic shares will be in immediate trouble as a result of the sto mark states that this entire process is legal, available and effective. However, the decision does lie with amc and adam aaron.

I think this is absolutely brilliant and could be the catalyst that we need to send amc to new highs, and i also want to talk about the trading of options on an amc and gamestop. Some people say it's really really bad and that you shouldn't do it because it gives free liquidity to those hedges and some people swear by it. So, what's the right answer and i think domo capital management hit the nail on the head. People tend to have a selective memory about roaring, kitty or dfv.

Remember he didn't buy weeklies on gamestop or amc 50 or higher than the current quote. Nor would he have ever recommended such a thing. For example, back in december 2020, roaring kitty wasn't buying the 7th of december 100. Gamestop calls he was buying.

The january 2022, 7.50 calls and the 10 calls roaring kitty was buying the yearly options, not the weekly options and therefore wasn't gambling money on the squeeze happening next week or tomorrow or in two days time, but instead in a year's time or in two years time. His options play was over a year out. Gambling has a high risk for loss. Investing does not so, therefore, if you're playing options with a much much longer expiry, then it's not really a waste of free cash to the hedges.

But if you're expecting the squeeze to happen tomorrow and you're going to bet pretty much your entire savings on it, then i do think it's a bit of a waste now. I also wanted to recap and touch on the loot print as well. The loopering price is still doing very, very well and luke ring just tweeted saying the world is finally starting to see zero knowledge. Tech is the path to a more fair and more inclusive financial system.

For all this is the way this is obviously from star wars or the mandalorian, but it's also very very commonly said on wall street bets and super stonk, and therefore many people are relating this tweet to gamestop. I personally think it's only a matter of time due to all the leaks of information. The loot, print and gamestop do announce their nft platform soon. Now you may also remember this screenshot from linkedin vinay patel used to work for amazon and recently announced a new job update.

Somebody commented the finance director at amazon commented saying what vinay and he said lol. I had an opportunity that was very hard to walk away from hope, you're doing well, and the finance director said. Please don't tell me: we lost another teammate to gamestop, that's great and now vinay has actually updated his job title and he's now the director of finance at you guessed it gamestop. Therefore, it seems like gamestop is very easily poaching.

Many many members from amazon clearly they're offering something big and something very attractive. Now i also wanted to touch on ever grande and just how desperate they're getting the chairman of evergrande has pledged his luxury properties in hong kong and is selling art and calligraphy, and even his own cars to pay the company debts. The evergrande founder has pledged two luxury properties in hong kong worth around 38 million dollars. Eva grande has been selling some art and calligraphy to raise fresh capital.

They've also recently sold two gulf stream jets and even had to sell his porsche cayenne and an apartment to raise cash and pay those debts. Clearly, evergrande are very, very desperate if the owner is selling a porsche cayenne worth say 50 or 60 000 used to pay down a 300 billion dollar debt and, incredibly, it looks like evergrande is still using debt to repay debt. Around 300 million hong kong dollars was raised to repay an overdue evergrande bond and therefore it seems like evergrande, or the owner at least, is still raising debt to pay down those interest payments. I think this goes to show just how screwed evergrande is and how much of an impact it's really going to have if the owner is having to sell off cars and properties just to make any repayments that he can, and i also want to talk about something.

I speculated on a little while ago, which is the credit default swaps on evergrande debt, so the losses from credit default swaps come to light. There is really not a single day where more scandals around the chinese real estate crisis are not revealed, evergrande is default and the real estate crisis in china are causing losses of around 10 billion dollars for the 10 largest pension and investment funds specializing in asia. One aspect that has often been emitted from reporting around evergrande is credited fault swaps. Our recent dmsa study covers these and shows that the funds with the largest exposure to evergrande bonds have led losses of up to 21 percent this year, according to goldman sachs sworvish.

This date is going to be 100 accurate and they're not going to make the data out to be smaller than it really is like they did in 2008. Bear that in mind for the moment, according to goldman sachs, the market's credit defaults off exposure to evergrande is about 158 billion and therefore this shows the extent of the spillover effect from the evergrande bankruptcy. In addition to the 23.7 billion dollars of bonds that have defaulted. Another 158 billion would then be lost.

So therefore, those 23.7 billion dollars in bonds that have defaulted hold around 158 billion in credit default, swap insurance, so around five times the size of the actual debt. So obviously, let's scale that up 300 billion dollars in evergrande debt amounts to around 1.5 trillion dollars in credit default swaps and therefore that's effectively 1.5 plus the extra 0.3 so 1.8 trillion dollars. That could be evaporating from the chinese and american and european markets. And dr markham alexa says the people still believe that the financial meltdown is not coming.

It's already here, guys be sure to. Let me know down in the comments below what you think about the amc end game and also what you think about citadel hiding their shorts and their put options. And if you haven't already be sure to subscription below to get up to 250 dollars in free bitcoin and as always guys if you enjoyed this video, be sure to check out some others. Alternatively, subscribe to the channel and in the notification bell, because that way, you'll be alerted when i upload a new video cheers:.