Today I Want to talk about how AMC has just posted its first profitable quarter? This is huge news I Want to explain how this Spells game over for the shorts, what the shorts are doing as a result of AMC posting profits and what other investors and not just apes are also doing as a result of this profitable quarter. So stay tuned and let's make some money and I'll drive straight in with the information. So Orlando tweet is saying AMC's earnings are out in the pre-market instead of in the aftermarket hours. Quarter Two Revenues are 1.35 billion dollars beating expectations and it's their first per share profitable quarter since 2019..

for a bit more detail on the numbers, Boss Bunt's tweet is saying to Hotel revenues grew by 15.6 compared to Quarter Two of 2022 and net income or net profits after taxes were 8.6 million dollars. It also means diluted earnings per share of positive 0.01 or 1 cent share compared to a diluted loss per share in the past meaning that AMC is now illegible as long as their debt covenants permit it to pay a dividend and also adding saying judge Zone is to rule on the court settlement soon quite possibly this week and if approved, AMC could proceed with the AMC to Aid conversion and reverse split within two weeks. Another figure I also found really really interesting is that adjusted to bit Dar which is earnings or profits before tax, interest, depreciation, and amortization is now a whopping 182 million dollars. Now this is obviously brilliant news for AMC posting profits, which is exactly what I said that AMC could be doing a few months ago.

It now means the short thesis is literally over: AMC can now be classified as a successful profit generating company that will only get larger and larger and more and more profitable. And importantly, this is also just the quarter two earnings which doesn't even factor in revenues from Barbie and Oppenheimer Meaning it's a great start for quarter three, and likely quarter three will bring even more profits for AMC. Which also means that Shorts are indeed in big big trouble. and Robert is also saying that now would be a good time for those shorts to panic, especially with the Positive start to quarter three, which is actually even better than 2019 2018 and used previously back in 2019 and 2018.

For the first month and a half of quarter three, the box office are generated around 1.5 billion dollars in revenues 1.4 1.3 1.6 billion, and 1.3 billion. Previously to that, but already in 2023, we've already generated 1.6 billion dollars, beating out 2019 2018, 2017 and years prior already. If AMC in the box office continues these great revenues, AMC could be posting its most profitable quarter ever. Not just most profitable quarter post pandemic, but most profitable quarter ever.

Another reason why this is important and why this Spells game over the Shorts is because other investors institutions, hedge funds, other retail investors, and everybody else. Under The Sun now wants to buy profitable AMC shares as the French ape tweeted, he said, boom Searcher can tunnel Bank The bank ranked as the most secure bank in the entire world bought almost 100 000 AMC shares. Now this means two things: It means the most secure and most well protected Bank in the entire world wants to buy AMC because they believe the share price will go up generating them profits and it also means that many other institutions that typically play very safe Investments like buying bonds will now be buying AMC shares as they know AMC is a safe investment. Many of these Banks and institutions which have ultra-conservative investment methodologies will now be buying AMC shares because of how much of a shoe-in they are AMC is now profitable with positive event are generating positive cash flows in a growing industry, making AMC an ultra safe investment meaning that other hedge funds, institutions, and banks will be buying hundreds of thousands millions if not hundreds of millions or billions of shares of AMC Hang on, Isn't the AMC flow only supposed to be 500 million shares? That would be a great way to expose synthetics when institutions start buying up billions of AMC shares when retail investors already hold billions on top of that.

which again, is just another one of those reasons as to why the short thesis is over and why this Spells game over Shorts, and especially if institutions start buying up billions of AMC shares and the share price continues to go down, that just exposes the manipulation more and more for all to see. So guys, if you didn't already know, you can currently get a guaranteed free share of Tesla, a 50 cash reward, and up to 15 free shares which you could always use to buy more shares of AMC GameStop or a vape. or you have to do is sign up to MooMoo using the link in the description below and make a required qualifying deposit. meaning we was free to sign up.

It just requires that temporary deposit and it's a really great way to help support me and help support the channel. And on top of that, Umu is also very easy to use, has tons of technical indicators and even their own options trading platform, And you may have also seen this post last night saying that AMC's earnings must be good because the hedge funds already have their liquidity hedge in place. yesterday on Monday August 7th, China's ever Grande Group stock Rose by two thousand Four hundred percent. Clearly, the Shorts were trying to pump ever Grande for some additional collateral that they can use to meet their margin requirements.

It also wouldn't surprise me if some of those Chinese IPO stocks over the next few days also end up running by thousands and thousands of percent because it seems the shortest will indeed be desperate to meet their major requirements with more and more institutions buying in and theoretically pushing their price up. and on top of that, AMC has also now spent an official 31 business days on the Regulation Sho list. Again, this is a new all-time record for AMC's time on the Regulation Sho list. and there's that 35-day deadline that GameStop experienced before running over 400 per share with some profitable earnings and 31 days on the Regulation Sho list.

AMC may be setting up for another run up and again something else I Also thought was great as it just reaffirms how many shareholders of AMC still remain. Is this tweet from Adam Aaron Adam Aaron tweeted yesterday evening saying I receive a lot of love and take a lot of inbound heat on Twitter today totally unsolicited I received by email this note signed from more than 1870 kind-hearted AMC shareholders and he said to those who sent me this note thank you so much for this thoughtful message but importantly he said and to the 3.8 million of you still reaffirming their R d 3.8 million individual AMC retail investors I realize there is great support for my leadership of AMC amongst our shareholders. He said it's a privilege to be the captain of your ship and I am sincerely so very grateful to you all. Again, just great news that AMC is now profitable and still 3.8 million individual shareholders still remain.

And finally I also wanted to show you this video of Robert Downey Jr visiting Wall Street for a documentary back in the 90s. Robert Downey Jr gives his thoughts on Wall Street and the kind of people that work on Wall Street as well. If money is evil then that building is hell. This is the most obnoxious group of money hungry low IQ High energy Jackrabbit Wannabe Big Time Small time, talk and bother.

Some irritating about your I've ever had to endure for more than five minutes Katie Robert Downey Jr does not like those people that work on Wall Street and also thinks they aren't actually that small. Many of these Wall Street employees are overly cocky and overly confident on their abilities, but don't actually have that high of an IQ which I think is exactly what we're also experiencing now. these Wall Street guys think they know it all and they think they can beat retail investors and either convince us or threaten us into selling our shares. But obviously ultimately we will win and the game is up for those short sets.

I Am personally very excited to see how many other institutions Banks and hedge funds end up buying AMC shares over the next few months now that AMC is profitable and how high this pushes the AMC price upwards and also just how much profit we generate going for boarding quarter three, quarter four, and Beyond And obviously guys I also wanted to remind you this isn't the only Catalyst we have to cause the AMC squeeze. this is just one of many catalysts that likely will end up causing a squeeze at some point in the future. Whether it squeezes due to a market crash and hedge fund liquidations due to these Ftds due to the cost of borrowing phase, due to AMC now becoming profitable, or whatever else it may be that ends up causing the squeeze I Don't know which specific thing will cause the squeeze I Just know it's going to happen at some point. So 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 one up on a new video. Cheers!.