Today I Want to talk about how more synthetic tokenized AMC shares have just been shut down? I Want to explain what's just happened to Bittrex in their AMC shares, how that will cause the cost to borrow to Skyrocket and how that will lead to the AMC squeeze. So stay tuned and let's make some money. and now I'll arrive straight in with the key information. So I Want to start with a bit of a backstory? obviously.

I'm sure you all remember the FTX synthetic tokenized AMC shares and how they were shut down during the collapse of FTX causing the cost to borrow for AMC to Skyrocket Before these tokenized shares were shut down. that AMC Costa borrow was regularly between 1 and 10 per year. Ever since then, the AMC Costa borrow has not dipped below 100 per year. On top of that, the AMC Costa Boro has regularly been maxing out over a thousand percent per year, sometimes over 1 300.

This means these shorts are paying 13 times their annual short position just ensure borrowing fees. Obviously, FTX had claim they had partnered with the CM Equity who is going to hold custody of all of the real AMC shares on a one-to-one basis. FTX was effectively claiming they held around 400 million Real AMC shares through their custody broker CM Equity Now, obviously we found out that was effectively a giant lie. CM Equity denied all knowledge of their relationship with FTX and said they never held custody of any AMC shares.

but because FDX had legally claimed they did hold a one-to-one AMC through CM Equity Obviously, these shorts could continue shorting AMC through the FTX platform, impacting the real AMC price without borrowing any real shares, effectively providing false locates. And obviously, after FDX was shut down, these false locates could no longer be used causing the cost to borrow feed to Skyrocket. Now many of you may be saying Tom Surely these shorts didn't close out of their short positions. So how on Earth did they replace these false locates? Did they locate Real AMC shares for their short positions? Or did they somehow Kick the Can and find a new way to create these Force locates? Well, just another rat toy has asked Bittrex if they can prove or explain the number of tokens they have in circulation for their AMC token I shares.

We can see that Bittrex is claiming to have 625 million AMC shares backed on a one to one ratio? He said Bittrex: can you please explain how the amount of tokens in circulation is 100 million plus tokens more than the entire legal float of the company with your one for one batch token? Somehow we've got 500 million AMC shares of which 80 to 90 are held by retail investors. But yeah, Bittrex is somehow holding an additional 612 25 million real shares. So it seems that yes, indeed, these shorts did somehow find a way to Kick the Can from FTX to Bittrex. But fortunately, as well Charles tweeted As of the other day, the Crypto exchange Bittrex is to stop operating in the United States They've announced they're going to completely close down operations in the US, shut down any active agreements, and effectively allow all users to withdraw their deposits.

They're effectively closing down the entire crypto business in the US, but they're just going to focus on other countries where Bittrex operates such as in the UK in Europe and in Asia. But importantly, that means they will be closing down the operation of their AMC entertainment tokenized Securities And as Peter hand tweeted, he said with Bittrex us closing by the end of the month, this becomes a very Salient issue. He said if the AMC Costa borrow has stayed elevated when FTX shut down, he's curious to see what impact this has on the AMC cost to buy fee. If closing down 400 100 million synthetic shares caused the cost to borrow fee to spike from one to ten percent up to a hundred to a thousand percent.

I Can only imagine what closing down another 600 million synthetic shares is gonna do to this cost to buy fee. I Expect AMC's cost to borrow to at least exceed two thousand percent per year. if not even more guys, be sure to sign up for me with a sponsor of today's video. Using the link in the description below, you can currently get up to a whopping 15 free stocks.

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They've also got free 24 7 customer support and you can also trade around the clock with their full extended trading hours. Now Interestingly, he's also added by saying that I agree. I'm somewhat confused why AMC hasn't put more time resources into the token issue at the time of Samband Freed's arrest he published. He said that as far as he was aware, every single share of AMC and GameStop and every single share of tokenized Securities was indeed backed on a one-to-one ratio with real shares.

Obviously, this indeed turned out not to be the case and was in effect a complete lie. So it is surprising why Adam Aaron hasn't paid more attention to this issue, maybe behind the scenes. Adam Aaron was indeed paying attention to this issue, discussing with the SEC with Finra, with the FBI and with the Department of Justice, maybe even aiding in Sam Fried's arrest. But obviously as Adam Aaron hasn't commented on it, we can neither assume that Adam Aaron has done something.

But we also can't really assume that he's done nothing. Just because Adam Aaron didn't comment on it. doesn't mean that he actually didn't do anything. But it does also seem the shorts are soon going to be reaching the very end of their tokenized.

Securities Road Obviously, FTX is gone, Bittrex is gone, Block fire's gone. Voyager is gone. Celsius network has gone Kraken is likely to blow. Binance is likely soon to blow as well, and Coinbase may be the final nail in a coffin As far as I'm aware, neither Cracker nor Coinbase had any tokenized Securities at all, and Binance did have some tokenized Securities at one point, but also did delist its Securities some time ago.

Therefore, as far as I'm aware now that Bittrex is also gone as well, all of these tokenized Securities for AMC should no longer exist. But as Peter had also tweeted, he said, all of you family offices that bought into credit suisses and Citibank sales pitch about shorting AMC How is that working out for you? Many many hedge funds and institutions over the last two years that were shorting AMC publicly have gone better up. We know that Melvin capital is gone Credit Suisse is gone. Both FTX and Bittrex that were effectively aiding these shorts are gone as well.

Many other hedge funds have also fallen in the last two years and I don't think it's going to be long until we start seeing more hedge funds for as well. He said, you guys enjoying this cost to borrow fee of a company that is seeing a resurgent in revenues and expanding their product offerings as Peter Han outlines the short thesis frame, C makes zero sense, especially as AMC is increasing revenues, increasing their product offerings, and will soon likely be becoming profitable as well. It's likely that as AMC continues to grow and as AMC becomes more and more profitable, it's likely we are going to see more hedge funds going Belly Up and collapsing or just closing out of their short positions. as they know it makes zero sense.

On top of that, we've also seen Finra fighting UBS Securities another partner of Credit Suisse 2.5 million dollars for regulation Sho Violations. Obviously, we know that UBS has just bought out Credit Suisse and has likely taken on many of their positions and seems to be committing the exact same crimes as Credit Suisse It says: Finra found that from 2009 to 2018 UBS did not timely close out of at least 5 300 FTD positions and rooted or executed more than 73 000 short sales in Securities with an unsatisfied closeout requirement without first borrowing or arranging to borrow the shares. That means that UBS knowingly entered into 73 000 naked short positions fully aware they had not first borrowed or located those shares. And to make it even worse, those shares that they had neither borrowed nor located already had unsatisfied closeout requirements as well.

Okay, they're not only not borrowed those shares. not only had they not located those shares, but they'd also previously failed to deliver those shares as well and continue to do so. And from 2009 until August of 2022, Ubs's supervisory systems were not capable to detect these regulation Sho failures. Again, it's frustrating that UBS consented to the entry of Finra's findings without admitting order denying the charges, but yet still paid this tiny tiny fine.

Again, it does go to show that Finra and the SEC do absolutely nothing to actually stop naked and synthetic shorting. They just issued tiny speeding tickets Now Finally, Adam Aaron has also tweeted this photo. Seeing the breaking records is what we do. Not only is AMC currently setting breaking records for New Theater attendance numbers and also new concession cell numbers as well, but AMC is also breaking records for the number of shares that have been synthetically and make it shorted.

I think AMC must win the record for the stock that has been all time manipulated the most. But I do think that as AMC continues to improve and as Adam Aaron tries everything he can to cause squeeze one day, AMC will end up squeezing whether it's a result of an AMC Catalyst whether it's a result of AMC growing or whether it's a result of these hedge funds going bankrupt during the next leg of the market crash is so far yet to be seen by. By the way, at some point these hedgies are gonna slip up. They are going to end up going bankrupt during the crash or AMC is going to end up overpowering them.

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!.