Today I Want to talk about how Brokers are struggling big time to convert shares and issue the AMC settlement? I Also want to give an update on my video from yesterday as to whether all of the shorts have closed, whether short interest is now at zero percent, whether AMC has been removed from the threshold Securities list, and finally, whether the AMC player is over. And guys, as a spoiler, the play is not over. So stay tuned and let's make some money. And now I'll drive straight in with the information.

So in my video yesterday, I explained the Shields and the shorts. I've been saying for a while that the AMC play is over, that shoes have been saying the shorts will cover when AMC is pushed below two dollars per share. They've been saying the reverse split is game over for the AMC play and that the shorts are just about to close. Well as an update, Feel for Real has tweeted saying AMC is still on the New York Stock Exchange threshold Securities list After the split, That means the Fdds are still continuing and I mean shorts are still continuing to show more shares and continuing to rack up more felted lives.

Not only that, but Spencer's tweeted saying so basically the Dtcc does not have enough shares of AMC post Aid conversion to deliver those shares. As a result, Fidelity showing 275 short interest on the quote for AMC Now this means the short interest hasn't decreased from 40 down to zero percent. It's actually increased up to 275 whether this is just the Fidelity glitch, whether it's showing on other Brokers as well I Don't know. But what I do know is that the shorts have not closed, the shorts are stuck, and they cannot close out at these low price levels because the only reason AMC has fallen to these levels is because the shorts have shorted more synthetic shares.

And that means that we are indeed right that shorts are indeed stuck and being stressed more and more financially and will soon be going bankrupt. Spencer's added saying I'm liking the current price action on AMC So far, if the short interest reported at Fidelity of 275 percent is true, then the market just got caught red-handed again. As I said, if this short interest percentage is true, it means the shorts have been caught in a massive, massive way. Yesterday, the AMC short interest was 40 and the maximum theoretically allowed of short interest should be between 100 and 140 percent.

The reason why I say 140, not just a hundred percent is because in those Dtcc rulings, the Dtcc allows rehypothecation up to 140, meaning we should never see more than 140 short interest. but Fidelity is now reporting 275. But let's talk about how these Brokers are struggling big time to convert shares and issue the AMC settlement. Amca tweeted saying there's been reports of multiple brokerages messing up on that conversion.

We know the reverse split was yeah, yesterday on the 24th and actually took place on the 23rd in the after hours. Now the conversion should have taken place yesterday after the market closed and should have been there today at Market open. But clearly many brokerages as I expected are messing up on the conversion now. Spence Said he believes the reason why these brokerages are messing up is because the Dtcc does not have enough shares of AMC post conversion.

as that could be added, He said, do you know why the brokerage is haven't converted your shares yet because there's no real shares available He said they couldn't find any shares in the past four days. That's why AMC is still on that regulation Sho threshold Securities List The reason why they couldn't find any real shares is because no one sold. But interestingly, even though they couldn't find any real shares to close out of those Ftds or to deliver for the conversion, they still managed to find 30 million plus magic liquidity fairy fake shares for sure into the market. And he said that's why Shares are sitting in the brokerage accounts waiting to be converted AK waiting for someone to sell real shares.

Some of you may have your ape shares already converted and others may not, and that's because some paper hands may have sold the other day allowing some shares to be converted, but the majority haven't been converted yet. And that's why multiple reports are being seen of multiple brokerages messing up on the conversion now. Stock sense: Frank and Susan Trimboth have explained why Ftds or failed to delivers are important to you. You can currently get a guaranteed free share of Tesla, a 50 cash award, and up to 15 free shares on top of that, which you could always use to buy more shares of AMC.

Or if GameStop all you have to do is sign up to MooMoo using the link in the description below and make a required qualifying temporary deposit. Signing up to MooMoo is free. It just requires that temporary deposit and it's a really great way to help support the channel. And on top of that, Moon was very easy to use.

It's got tons of technical indicators and advanced charting tools and their own options. Trading Platform: Susan Tweeted saying reason number one, that Ftds matter to you Every FTD leaves a fail to receive. For example, there's two sides to every equation. There's two sides to a set of scales.

Every fail to deliver means that somebody else on the other end failed to receive. If you fail to deliver a share to somebody that somebody also failed to receive that share that should have been delivered. And she said, what the shorts don't deliver your broker doesn't receive. Therefore, for the average everyday household investor, your Brokers fail to receive is in your account as a fake Phantom share or a placeholder Brokers took your money and gave you an IOU and not real shares.

Now, while this is a massive concern from a risk standpoint for these shorts because obviously it puts them on the hook for billions if not trillions, it's not a concern for you as an average individual shareholder wanting to sell shares during the squeeze. And that's because both real shares and Ious can be sold during a squeeze and you will receive the money on sale. Obviously, it's not a problem for you because you will receive the money. It's a problem for these shorts because they will be on the hook for billions if not trillions to pay directly to you.

So while you specifically shouldn't worry about being able to sell your shares because you can still sell if they're real fake I use placeholders or whatever it is, it's obviously a massive issue for the shorts and a very aptly time. Tweet from Unusual Well says: TD Bank says it's been receiving inquiries from regulators and law enforcement about its compliance with anti-money laundering rules, including requests related to a Department of Justice investigation. Now this is super super interesting I Want under which specific Department of Justice investigation is concerning TD Bank and what inquiries they've received from regulators and law enforcement I wonder what kind of money laundering they've been doing and I wonder how it all ties into this short selling Department of Justice investigation. As I said, this is a very aptly time tweet the day after AMC's reverse split and conversion.

Now Charles Payne has also tweeted about a very interesting stock or a very interesting event that happened yesterday. Charles Payne Tweeted saying like the crime spree Across the Nation that sees looters stroll in and out of stores with as much stuff as they can carry, the looters of Wall Street are doing it out in the open. He said a new SPAC or special purpose acquisition company crashed on the first day of trading. He said the poorlynamed Better.com was smashed by 93 in one day and he asked Gary Gensler where are you Gary Gensler isn't just failing with specifically AMC he's not just failing with specifically GameStop he's failing pretty much Market Wide you can see Aurora Acquisition Corporation was down by 16.30 per share or down 93 in One Singular day.

it went from being worth four billion dollars to less than 500 million in just one single a day. I Personally don't know too much about Better.com but they must be somewhat successful to go public in the first place. So how on Earth are they legitly down 93.41 in One Singular day. Obviously the answer being is that it's not legit at all.

The answer is crime. It seems the shorts will continue stooping lower and lower, attacking any company they can get their hands on. Speaking of which, I'm very interested to see what happens to the AMC short interest on Fidelity and other brokerages over the next few days, whether this short interest continues rising from 275 upwards or if it magically changes to something not illegal I Also want to see how long it takes these Brokers to deliver and to convert Ape shares correctly and to deliver the AMC settlement. We know some Brokers like Merrill Lynch have already delivered a settlement four days early when the shares shouldn't even exist and clearly some other brokerages out there are also messing up on the conversion.

It seems this AMC reverse split conversion in settlement is an absolute mess. Maybe Even more of a mess than the original Ape issuance I Think it's important to remember the longer it takes them to convert those shares and to deliver your AMC settlement, the more failed it delivers it incurs. As I've said, I'm really excited to see next month just how many Ftds are racked up in this second half of August Specifically, today and yesterday I wonder if we're going to see over 50 million or over 100 million Ftds pre-split And as I said, remember, AMC is still on the threshold Securities list the short interest is not zero percent and therefore the shorts have not covered and that means the play is not over. Finally, Juju also tweeted asking saying who remembers Emily Now obviously this is way back in 2021, but you may have seen these few tweets from the Emily account.

So she started off by tweeting saying listen, I'm not really supposed to be sharing this, but here goes Everyone here at Citysec or Citadel Securities is worried about the retail collusion. She said our volatility engines are totally broken and the sequencer is overflowing. People are scared for their jobs and even Ken is in the office lately. She said we didn't think we'd have to cover so many shorts obviously only a few and nowhere near all of them.

And the dark pools are becoming thinner by the minute due to pricing mismatch. This is a crisis like I've never seen in my three years in the industry Now Somebody started off calling her Bluff saying kind of doubting the information you're tweeting sounds very trust me bro. do you have any proof or any support And she posted this photo saying it's true all of it on the 10th of June 2021 and even tagged the Emily account against a citadel Securities face mask. clearly Emily does indeed work at Citadel Securities as this is something you can't really Photoshop you can't really Photoshop a no and a face mask together even with the shadow included Emily clearly worked at Citadel and Citadel were having an absolute nightmare back in June of 2021 like they're probably having today as well considering we're seeing such a massive mess across multiple brokerages, delivering shares early, not converting shares and everything else.

Under the Sun Citadel Securities and the other shorts must be having a terrible few days. 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 upload a new video! Cheers!.