Today I wonder about how the AMC lawsuit will be very likely thrown out and dismissed next week I Want to explain how Allegheny was very likely funded by short Sellers and why they were trying to delay this lawsuit and the river split. So stay tuned and let's make some money now. Drive straight in with the key information. So boss Blunt's tweeted saying breaking news The AMC court appointed Special Master has concluded the judge should deny all objections to the settlement and allow the settlement AMC type conversion and the reverse split to proceed.

Next up is the court dates on June 29th then June 30th for the judge to decide whether to allow the settlement or to dismiss the lawsuit in its entirety. As you can see from the special Master it says as a conclusion I recommend the Court deny the objections to the settlement as set forth herein, AKA to allow the settlement to proceed and for the lawsuit to finalize and finish. But what really makes this interesting is as America tweeted Alleghenya finally responded with proof of their ownership. Four months plus of litigation has been bought by a retirement fund that holds 879 AMC shares Allegheny doesn't hold 879 000 AMC shares or 8.79 million shares or even more just a measly 879 shares.

As Sal tweeted, he said how on Earth is it cost effective for Allegheny to pay four months of litigation when they had such little shares? Four months of straight, consistent litigation with those exorbitant legal fees could easily run into the hundreds of thousands if not millions of dollars for this loss. So why have they spent potentially millions of dollars on this lawsuit if they only hold 879 shares? We can see from the Bank of New York Melon Investment document they provided 879 AMC shares only cost them 11 000 in total or 19 800 when you combine the cost of eight shares as well. Those shares still have a market value of 5000 six hundred dollars and therefore Allegheny has only taken a fourteen thousand dollar loss but insisted on spending hundreds of thousands of dollars if not millions of dollars on this AMC lawsuit. When you factor in the one for seven point share settlement They will receive, they're only going to receive an additional settlement of something like an extra two thousand dollars and it costs them hundreds of thousands if not millions of dollars in legal fees for this lawsuit.

Sal Added saying this should be all the evidence that you need to know that somebody really does not want this conversion to happen and they were only here to delay. Clearly, these shorts are petrified of the reverse splint conversion and therefore sent Allegheny on this wild goose chase to rack up legal fees and delay the conversion and split. Especially as we know from Crystal Balls tweet that Allegheny is actually funded by BlackRock Crystal Ball tweet same between July 21st and October 20th of 2022 Allegheny Country employees retirement system went through 16 million dollars of cash from BlackRock we can see here BlackRock transferred eight million dollars, an extra four million, and an extra 3.999 million dollars to Allegheny for their day-to-day expenditure. This is obviously really interesting considering BlackRock is being investigated by James O'Keefe so it wouldn't surprise me exactly what they end up finding, but it clearly shows that Allegheny are working for the shorter Sellers and are paid off bringing this multi-million dollar lawsuit over just nineteen thousand dollars worth of shares.

As Tony added, he said it was a BS lawsuit from day one as most shareholders even hold more AMC shares than Allegheny does and we've managed to have four months of delaying and four months of feet dragging over just nineteen thousand dollars worth of shares. This actually makes me more excited to see what's going to happen after the reverse split and conversion and just how quickly AMC will squeeze their after if these shorts are willing to spend millions and millions of dollars on this lawsuit. Clearly, it's a massive, massive deal for them, and I think that based on the fact Allegheny barely hold any shares and have clearly just been trying to delay this reverse split and conversion for the last four months, it wouldn't surprise me if the lawsuit is thrown out in its entirety. Instead of the judge deciding the settlement is okay and should go ahead, she may just throw out the lawsuit entirely.

Especially as with Roger Hamilton's tweet from the other day. these shorts will go to Great length against anyone that tries to fight back against short sets. Over the last few weeks, Roger Hamilton has been silenced by these shorts as his stock has been pushed down even further for attempting to speak out. They tweeted saying this is what a media hit piece looks like The fight by West Christian and himself against Naked Shorts has apparently become the loony conspiracy theory threatening Wall Street according to Forbes but obviously in their article, there's no mention of recent actions taken by the SEC and Congress against those Naked Shorts bringing charges against investment firms that have indeed been Nake shorting over the last couple of years.

Clearly, Forbes is paid off by these short Sellers as well, and therefore anyone that tries to speak out against naked shorting ends up in a four-month delayed lawsuit. I Also saw this tweet from G-Man and I thought it was really interesting on how gay Plotkin is trying to pay back. Michael Jordan You may remember Michael Jordan lost 500 million dollars that he had invested into game Plotkins fund back in the January 2021 run up and now Mike called Jordan will sell his stake in a Charlotte Hornets to gay Plotkin of hedge fund Melvin Capital Gabe Plotkin was a short seller of GameStop and had to be bailed out by his Wall Street buddies. His hedge fund was losing on average of a billion dollars per day clearly because he lost so much money of Michael Jordan's he's now effectively being forced to buy out Michael Jordan's stake of the Charlotte Hornets likely for an additional 500 million dollars compared to what it's actually worth That way, Michael Jordan makes a profit on his sale of his share of the Hornets and makes back his additional 500 million dollars.

On top of that, It wouldn't surprise me if Gabe Plucking is going to be forced to raise additional capital for a new hedge fund and then use that money to pay back his Wall Street buddies and all of those short sellers that bailed him out because we know the Melvin Capital short position on GameStop and AMC has likely still not been closed out of either gay Plotkin still holds this position to this very day, or it's been transferred to another one of his Short Selling buddies. And and finally, the capacity letter is tweeted saying total short interest in U.S stocks has just hit one trillion dollars the highest since April of 2020. However, total unrealized losses on these short positions are currently at 100 billion dollars on Tesla and Nvidia alone. short sellers have lost over 25 billion dollars so far this year.

Despite stocks pushing higher short interest continues to soar like we could see in meme stocks like AMC and GameStop and also in big tech stocks like Tesla and Nvidia. But all that's happening is that Shorts are losing more and more money on all of these stocks currently up to a hundred billion dollars in losses. So far, with total short interest of a trillion dollars, that means Shorts have already lost 10 percent of their entire short positions. Which may not sound like much, but for an over leveraged hedge fund, 10 could be nearly all of their capital.

For example, if a hedge fund has a hundred million dollars in cash, but is using 10 to 1 leverage ratio and has a billion dollars worth of stocks, that 10 loss they've already faced or already seen is their entire 100 million dollar cash position and that hedge fund is effectively bankrupt. Now we know that Citadel doesn't quite have a ten to one leverage ratio, but we do know they have a 7.5 to 1 leverage ratio, and that means that if Citadel loses an additional five percent on top of what they've already lost, if these total unrealized losses reach 150 billion dollars on their trillion dollar short position, that would make Citadel bankrupt. And therefore, if these Shorts continue losing more money on their already over inflated and over leveraged short positions, it wouldn't surprise me if it's not long until we start seeing some giant margin calls. I Think it'll be interesting how fast we start seeing margin calls after this lawsuit is overthrown out or the settlement allowed.

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 vacation Bell because that way you'll be alerted when I Put a new video Cheers!.