Welcome back to the channel everyone now you may already know that amc want to implement the use of bitcoin, ethereum, litecoin and bitcoin cash in their business. But what you might not know is that adam aaron himself said that he also wants to implement the use of nfts so stay tuned and let's make some money. But before i dive into the video, i just want to give a massive shout out to the 4 800 of you that have currently ding that notification bell, because you guys are always the first to watch a new video as soon as it's released. So guys be sure to drop a like down below subscribe to the channel and ding that notification bell, if you haven't already so that you don't miss another video.

Just like this one and just a quick one before i dive in with the key information, if you haven't already i'd, really consider joining the private discord linked in the description below there, you go urgent news updates and due diligence about amc, gamestop other stocks and cryptocurrency Before i even make a video, it's also the best place to get in contact with me, as i'm active there pretty much 24 hours a day, and now i want to dive straight in with the key information so melissa, lee just interviewed, adam aaron live on cnbc, Where they discussed the use of nfts, let's take a listen. I actually spoke with the company's ceo, adam aaron just last week about potential new revenue streams. His plans for the future take a listen to what he told me. There are some ideas that have surfaced, which i think could create real value for amc and um uh, and you know the one of the ones that i particularly love, which i haven't commented on before publicly, which i haven't commented on before publicly is um to make Commemorative movie tickets as an nft - and i you know - i that's a really smart idea - that's a really smart idea, because we we probably pay 50 to 100 big movies a year.

Could we make 50 to 100 nft commemorative tickets? That mean something to people and mean something to us that could drive our business going forward. I think the answer is yes. Nft is now accepting more than just bitcoin, but also ethereum litecoin bitcoin cash guy showing sports video. So there we have it.

Adam aaron himself has said that he wants to implement the use of nfts in amc at the moment. He's currently talking about issuing one nft for each big movie shown every year and selling those off to the general public, which is a good idea. Don't get me wrong, but i think what we need to do is convince adam aaron to combine the use of nfts with their investor program. Obviously, at the moment, if you hold shares in amc, you can go and get yourself a free amc popcorn, which is a great idea, but what we need to do is convince him to issue one singular nft to every single shareholder.

That way, he'll have to gather the details of every single amc, shareholder and issue. Those nfts and that'll be a very, very good way for him to know if there are amc synthetic shares in issue now we know that adam aaron listens to us. We know he listens to us on twitter and also the say, technologies platform and there's probably other ways he's been listening to us as well. Therefore, what i think we need to do is tweet at adam aaron, seeing if he can issue an nft dividend or just to issue an nft as part of their investor program to every single amc shareholder.

This would not only be a brilliant way for adam aaron to generate revenue for amc, as he could maybe charge us all a few dollars for each nft, but it would also be a brilliant way to know just how many synthetic shares there are an issue. Therefore, i personally am going to tweet towards adam aaron, suggesting this, and i suggest that you do the same, obviously in the nicest manner possible. Now. I also wanted to recap on another very key piece of vortex information right here.

You've got the cost to borrow minimum. The average and the maximum - this is the interest rate at which those short hedge funds are paying to borrow shares of amc to shore. Through most of the year, we've seen this being very low at around one percent, the minimum average and the maximum was all around one percent, meaning all of the hedge funds were paying give or take the same rate. But what we've now seen is a new cost to borrow maximum of 36.23 percent.

That means that there was at least one hedge fund out there, one short hedge fund - that was very, very desperate to get their hands on new shares to short, and they were willing to pay up to 36 annual interest. That means that, right now it is very, very difficult and very very expensive for shorts to borrow shares in amc. I think what we need to do is continue to watch this cost to borrow average and see if the average starts increasing alongside the maximum. The last time we saw the cost of our maximum shoot up was back in late may, just before that june run.

Now. I also wanted to give a bit of an update on the evergrande situation that could definitely impact u.s and wider markets. Ubs themselves have said that the evergrande credit event is unavoidable and that it could spill over into global markets depending on whether the company restructures its debt or liquidates liquidation would be the more severe scenario now. We've also had a message from the china state media being the government media of china, saying that china's evergrande should not bet on a government bailout.

Therefore, it looks like every grand day is going to struggle to restructure its debt and therefore liquidation at the moment, looks like the most likely scenario as they're not going to be bailed out by the chinese government. Restructuring their debt would be a process whereby they find another bank or institution to buy the debt. That's currently being held by other institutions like blackrock, vanguard and other banks, like hsbc, wherever grande, is going to struggle, is obviously finding a bank that's stupid enough or risky enough to buy all of the debt that's currently being held by other individuals and other institutions. There probably isn't a bank that is stupid enough or risky enough to take on that giant risk and therefore, as i said, the most likely outcome at the moment is going to be liquidation.

There was also a tweet from a chinese news reporter showing police arriving at evergrande's headquarters. How big is the crisis and what can happen i'll talk about this tonight at 9, 00 pm est on their youtube channel. What this video appears to show is potentially a chinese swat team storming the evergrande hq and absolutely legging it up the escalators. Clearly, there is something very, very big going on at evergrande, and i also wanted to give you a bit of a reminder that, when the mother of all short squeezes occurs be sure to use limit orders to sell your shares, only you set the price, not the Market basically use a limit order and not a market order, just a friendly reminder that the market is still full of malarkey and that when you sell your shares to move on to a different financial reality, use limit orders and limit orders only it'd.

Be a shame to wait as long as we have for the mother of all short squeezes and for your shares to sell at a price below what you find acceptable and if you don't think the market will try and mess you over and take your shares for An amount far far less than that. Well, you haven't been paying attention, be safe limit orders only you set the price and nobody else, so i just wanted to quickly explain the difference between a limit order and a market order. Obviously, a limit order executes your sale at exactly the price you put and not a penny less. Therefore, the current price of amc at some point, maybe ten thousand dollars per share - you put your market order in when it is showing ten thousand dollars per share, but you might only end up selling them for two thousand dollars per share, which is a giant giant Difference in price, when there is low volatility, market orders are usually fine, say.

Amc is currently trading around 46 dollars a share. If you execute your market order of 46 dollars, a share, you're, probably gon na buy at 46 a share, or maybe 45.99 or 45.98 or 4601 or 4602, for example, very small spreads, but obviously when a hedge fund gets liquidated and the order book is entirely cleared Of every single sell order, because the hedge fund is liquidated and buys back everything currently available in the market. There is going to be a lot of volatility, and that means you aren't gon na have that super tight spread of buy orders at ten thousand dollars. Nine thousand nine hundred, ninety nine and ninety nine cents, nine thousand nine hundred, ninety nine and ninety eight cents, and so on.

You're gon na have one at say: nine thousand dollars, one at five thousand dollars, one at two thousand dollars, and that's probably pretty much it at least until that order book starts filling up again. Therefore, even though the amc price shows at ten thousand dollars a share, because there's only three orders you're going to sell some of your shares at 9, 000, some at five thousand and some only at one thousand or two thousand whatever i just said, and therefore it Is not worth risking using market orders when the squeeze happens be sure to use limit orders so that you get the price you want to sell at. I also wanted to give you a quick update on the reverse reposing. We are currently at 26 consecutive days over 1 trillion now currently with 1.147 trillion dollars, in that overnight, reverse repo facility guys be sure to.

Let me know down in the comments below what you think about adam aaron, incorporating the use of nfts into the amc business and, while you're down there be sure to check out the private discord and become part of the team linked in the description below. And as always guys, if you enjoyed this video, be sure to check out some of my others, alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted. When i upload a new video cheers.