Today I Wanted to talk about a secret and illegal AMC of exchange trading that's just been discovered and proved by both Charlie and Dave Lauer I Want to explain how this has impacted AMC over the last two years, but also what we can do about it. So stay tuned and let's make some money and now I'll dive straight in with the accumulation. So obviously this is about the alternative display facility that you may have seen on Charlie's video. So first let's start by explaining what the ADF actually is and what it actually does.

So Biotechnosis tweet is saying. For those who don't know what an ADF or alternative display facility actually is, see this extract from Warrior trading. He says it's where dark pool and payment for order flow transactions are reported away from the lip. Market You just can't make this stuff up.

So this extract says what is an alternative display facility ADF Well, the ADF is a piece of Market infrastructure run by Finra institutions use it to post quotes and Report trades. So these are legal and secret Op exchange transactions don't actually happen in the ADF. They just reported to the ADF. Obviously, these transactions happen in the Ats's OR alternative trading systems.

It says it's called the alternative display facility because the ADF is an alternative to an exchange for institutions to post quotes and Report trades. It's basically where institutions can post quotes and Report trades that don't occur on a regular exchange or in any kind of lit market. So these off exchange venues can be any kind of ATS or alternative trading system such as the dark poles such as internalized trades or even straight up negotiated over-the-counter off exchange transactions. So by now we know what dark pools actually are.

They're exchanges, not including the New York Stock Exchange or the NASDAQ usually run by these major Banks where off exchange transactions happen at a quoted price, but you've also got internalized trades where your broker or an Affiliated party trades against you I.E Through those is payment for order flow transactions. but you've also got those straight up negotiated trades over the counter where two parties get on a literal phone and arrange a trade away from all exchanges so not on the lit markets, but also not even in those quoted Dart pools. And obviously, this is where the really sketchy stuff happens where two parties get on a phone where there's no physical record like an email chain or a text message chain for example, and they hash out and negotiate a trade completely off exchange for any price they like. This is obviously where those big dogs do those trades.

You may think many big players do trades in the dark pools because it's away from the lip markets, but the big dogs of the big dogs do the trades over the phone where there's zero record whatsoever. So you may have already seen this video from Charlie's vids where he basically scrapes the Weeble API to get tons and tons of life and actions. Now these live transactions are going through the regular lit markets, but there's also 10 tons of transactions being reported to this Finra alternative display facility. So this is those dark Port trades.

It's those internalized trades and it's also those completely off exchange, over-the-counter over the phone transactions as well. But also remember, this alternative display facility is still an SRO which is a self-reported organization or effectively a self-reported facility. So it's still down to those hedge funds and those market makers to accurately report those trades in the alternative display facility. And obviously I say accurately because no one could surely ever imagine a hedge fund or a market maker not accurately reporting trades.

Surely that's never ever happened before, right? Which obviously is complete sarcasm. Now, if you wanted to know exactly who is participating in this alternative display facility, you've got JP Morgan Securities as an active ADF participant and a bunch of inactive ADF participants being internet track data Securities direct Edge Lava Flow, Luminex, and none other than Jane Street as well. Now, obviously if Jane Street sounds sketchy, it's because Jane Street is one of those people or one of those market makers that is likely creating synthetic shares for AMC alongside Citadel Now Dave Lauer has also tweeted saying he's just found This enforcement action from 2012 a subsidiary of Charles Schwab was caught creating synthetic shares or caught naked shorting and using options contracts. Oh sham, reset transactions resulting in continuous Ftds he said in case someone tells you, it can't happen or something like that or tries to convince you that Naked shorting doesn't exist because this is clear enforcement action against a subsidiary of Charles Schwab clearly performing Naked shorting using those options contracts as sham resets and creating continuous ftds.

No. I wonder where I've heard the words Naked Shorting, Sham resets and continuous Ftds since 2012 more recently. AMC GameStop Primarily and I wonder why I've seen crazy and continuous and elevated Ftds over the last few weeks and the last couple of months. AMC Again, now it says this enforcement action or this case involves a complex Short Selling scheme to profit by circumventing the delivery requirements of Regulation Sho from at least October 2008 to March 2010 Option Express A wholly owned subsidiary of the Charles Schwab Corporation failed to satisfy its closeout obligations under rules 204 and 204t of Regulation Sho by repeatedly engaging in a series of sham transactions known as resets designed to give the appearance of having purchased shares to close out of an open failure to deliver position.

While in fact not doing so, The Sham resets were accomplished by options expressed facilitating its customers buying shares and simultaneously selling deep in the money call options that were essentially the economic equivalent of selling shares short. So this is obviously those married and divorced puts which give the illusion of closing out of an FTD position, but actually just end up kicking the can down the road and making the position even larger. And it says these paired reset transactions were not bona fide purchases because their purpose was to perpetuate an open short position while giving the illusion of satisfying the delivery and closeout requirements of Regulation Sho. And crazily enough, in 2010, the customers who engaged in the above described activity accounted for an average 47.9 of the daily trading volume in Sears.

Now Sears is obviously that company that went bankrupt a while ago alongside Toys R Us that Ryan Cohen has posted about before. It's crazy that the whole time the answer was staring us right in the face as this exactly happened to Sears and Ryan Cohen had posted about it nearly two years ago. But so this just proves that naked shorts, selling sham resets and continuous ftds do absolutely happen and still happened this very day. and it's likely happening in these ads's alternative trading systems and being reported in the alternative display facility.

I Wonder if there's a way we can talk through the alternative display facility and pick out and separate which trades are legit trades and which ones are clear criminal activity? No. I'm not a cast Tweeted this extract from an article that says in the last year AMC Entertainment Holdings sorts Revenue grow by 55 and it says that's well above most other pre-profit companies. So on the face of it, we're really surprised to see the share prices down 73 over the last 12 months. This Mainstream Media Outlet is basically saying that AMC as a company is growing and is growing massively so there for some reason surprised to see the stock prices actually down.

instead of being up. They've said there's clearly something unusual going on here, such as an acquisition that hasn't delayed, delivered expected profits, or something else being swept under the rug. They've said what's clear is the market is not judging the company on its Revenue growth right now and the sell-off could be unjustifiably severe. So I'm glad Mainstream Media is finally realizing that there's something unusual going on here, as even they would expect the AMC stock price to be up.

It's only taken them two years, but they're finally getting on board and realizing there's something wrong with the AMC trading. And as Jan Jack has tweeted, he said the Clearing Houses are having a difficult time handling massive amounts of Ftds and AMC He said it's practically impossible for Brokers to deliver any company issued AMC stock due to the fact that more than 95 percent of the shares outstanding have been locked in retails accounts with share lending turned off for more than 18 months and he said that's why Doug from virtue and Ken Griffin from Citadel Securities can't sleep at night and he said the liabilities that are on their balance sheets and even off-balance sheet due to the is unsettled synthetic assets are off the chart. the conditions for the systemic meltdown that was averted in January 2021 and in June of 2021 again with the buy button removal have dramatically worsened into a massive settlement crisis. It's now at the point when AMC is not only incurring Fdds every now and then, but AMC is now constantly incurring Fdds and is only removed from the threshold Securities list under heavy manipulation.

Well, heavy manipulation and likely illegal and incorrect reporting as well. But again, it is good to see these hedge funds are struggling more and more now they were Even two years ago, the situation has got progressively and significantly worse for them, and their liabilities are even larger. They've dug an even larger hole and doubled down and triple down on their short positions. They could have likely escaped in January 2021 by closing out of their short positions, and it would have been only one or two hedge funds and one or two market makers going bankrupt, but now they've dragged it out for an extra two years.

those liabilities have mounted, and when AMC and GameStop do squeeze, it's likely to destroy the financial system, or at least destroy the stock market. or at least cause a significant stock market crash. Now Walter Bloomberg has tweet is saying the BlackRock Vice chairman has said that I don't see a soft Landing happening because it's definitely going to be a hard landing. And as a line Capital tweeted he said it's just BlackRock It's only the largest asset manager in the entire world, Please! Nobody panic.

So it's now even got to the point where BlackRock is absolutely calling the Feds Bluff and is saying guys, it's not going to be a soft Landing We are absolutely guaranteed a tough recession. As I said, this tough recession has been made worse over the last two years by these hedge funds and market makers not closing out of their short positions. Back in January of 2021, they underestimated the retail investors. They underestimated the Apes and they were 100 certain that every single retail investor would have sell with that AMC shares after two years and they were 100 confident that AMC would absolutely go bankrupt in this time with zero support from the Apes.

Now, obviously that is absolutely not what has happened. Their liabilities have doubled and tripled, but we are still holding our shares and still obviously not gonna sell. And therefore, at some point these large hedge funds and these market makers will end up failing to meet their margin requirements and will be forced into a liquidation, at which point it will push the stock market down significantly further, causing this much harder recession. But guys, be sure to let me know what you think down in the comments below.

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