Today I Want to talk about how these Brokers don't actually hold any real AMC shares. Obviously the float has been sold multiple times over and therefore all these Brokers are actually holding his phony ous. And that's why so many of us apes are having such a hard time trying to vote on our AMC shares. So stay tuned and let's make some money.

And now that I've straight in with accumulation, So cat Strikers tweet is saying that she has the same message saying that her Shares are voted but confirmation is pending and she said the trading platform Fidelity is actually suggesting that you should call your Brokers to confirm your shares have actually been voted upon Now obviously the occasionape also had this voted confirmation pending message so it went directly to Fidelity to see what they suggested. So he called Fidelity because his message was constant and they never verified his vote. The representative from Fidelity that he's not actually the first person to call with that problem. She said that everybody should contact their brokerage for their own account to verify their vote has actually been voted upon.

Now you may be saying Tom Why can some some people vote? Why can some people not vote at all And why are some people's votes showing us voted but confirmation is still pending whereas Robert tweeted he said when the broker tells you they're waiting for the issuer to confirm, that's absolutely rubbish. He said you've got a control number for a reason, they're effectively giving you the run around via the broker and hoping that you accept their excuse. He said, obviously the problem being is that Brokers don't actually have real shares located and therefore obviously they can't vote on your shares. If they don't actually hold the real shares or they haven't actually located them, they can't just submit real votes on their phony are using.

Therefore, they're desperately trying to locate real shares or get in real shares through the door so they can submit your vote so effectively. What Robert is speculating and what I'm speculating as well is that these brokerages let's take Fidelity for example, have said to the OCC or to the Dtcc or to the SEC or whoever it is. They've said we hold 100 million AMC shares These Shares are verified and these are real shares. But what they've actually got in their customer accounts is say 200 million AMC OU's And obviously they've now got 200 million AMC votes.

Now Obviously, they can't report 200 million AMC votes if they've told the Dtcc or the OCC or whoever it is, they only actually have a hundred million Real AMC shares and therefore these brokerages are now scrambling to effectively cover the difference. They're either trying to locate more real shares or effectively trying to keep your vote in a pending status and then just cancel the vote and never submit it. Now, believe it or not, this theory has actually even been confirmed by the Broadridge Proxy voting Team. You may say, Tom Who is the Broadridge proxy voting team and why do I care who they are? Well, Broadridge are the actual company that's performing the proxy vote for AMC You can see here that you can vote by mail by sending your letter or your mail directly to Broad Range.

Broadridge are also the company responsible for the online Internet votes and effectively the phone and electronic device votes as well. But so what is this email from Broadridge actually say? and how does it confirm mine and Robert's theory that there's more IUS and votes than there are actually confirmed shares? This email says: thank you for your inquiry for many U.S issuer events, There is a process known as end-to-end vote confirmation. She said this is a way to confirm a shareholder's position was included in the final vote tabulation. For an event, she said there's a Reconciliation that needs to be performed between shareholder reported positions from the broker AKA how many votes were cast and what the tabulator has as the broker's eligible position for voting.

Basically saying they need to perform a Reconciliation between the Brokers actually held and reported shares which may be a hundred million AMC shares and the number of votes that have been cast which may probably be more than 100 million. For example, these Brokers may have 200 million Ious and have allowed 200 million votes, but they've only actually got a hundred million registered Real AMC shares. So obviously you can't submit 200 million votes if they're only holding 100 million shares. and that's where the problem lies.

She said there's actually many factors that can contribute to these two values being out of sync. So what she's actually saying in this email is that she recognizes there is often a difference between the number of votes cast and the number of shares actually being reported as being held by these Brokers She says. However, when there is a mismatch such as a brokerage reporting more shares and votes, then the tabulator has an allotment for than any votes from that brokerage must be left in a pending status until the share discrepancy can be resolved. So that's exactly why so many of your votes are still left in this pending status because the brokerages effectively have a difference between a number of votes that are being reported and the number of shares they have registered as holding.

And she said this may not necessarily mean the vote will not be counted, just that more work needs to be done to reconcile the positions. And she said you may reach out to your brokerage for more details and as Amazing tweeted you said this is exactly what's happening with her broker trading 212 in the UK. She said she's currently in hot discussions with them concerning her proxy vote. She said she's just found out that Ibkr is the intermediary broker for trading 212 in the UK that's supposedly holding our shares just like Ibkr was.

Supposedly the intermediary broke up with CM Equity holding those 400 million AMC tokenized synthetics. To me, it seems like many uses in the UK and in Europe are having even more problems trying to vote on their shares with many of those users who still actually haven't even received proxy voting emails yet now. I'm sure a number of you in the US have received your voting email and have made your vote, but I'm also sure there's still some of you out there like using maybe cash app or Robinhood that also haven't even received your emails yet either. So it seems some Brokers are more prevalent holding these phony Ious were at least somebody Brokers were early on the mark and weren't actually holding real shares.

But again, it seems like the exact same thing we're seeing right now has actually happened before. Obviously it happened when Ape was released as many Brokers didn't get their Ape shares on day one and many users had to chase their shares. But at the same time it also happened in 2021 when many users tried to perform their Exodus from Robin Hood and Weeble to safer Brokers that didn't utilize payment for order flow. As Main Street Capital tweeted, he said it sounds like Brokers are canceling transfer orders when you're trying to move from broker to broker without selling your position because they can't actually locate real shares and they were simply transferring phony IUS as well.

This user actually tweeted at the SEC and Gary Gins They're saying if I can't transfer my shares to another broker due to having a hard time trying to locate shares to transfer on AMC how are these hedge funds actually finding shares to shore? So it seems like it's not just the short struggling to locate shares, the short, but it's even these bro Brokers struggling to locate shares to actually vote upon and obviously transfer from broker to broker. And obviously the reason why these shorts Were Somehow Able to locate shares over the last year year and a half was because of FTX As Crystal Ball tweet that he said of a Shorts broker claims to locate shares from a crypto exchange that itself claims to have real shares to back their AMC tokens on a one-to-one basis through CM, Equity and Ibkr. They could have reset their Ftds and lowered the cost to borrow all of last year. Now, obviously, we know that since the downfall of FTX, these tokenized synthetics have completely disappeared.

and that's why the Shorts are struggling so much to locate real shares and why the current borrow fees around 700 to 900 percent. But obviously at the same time because these shorts are struggling to locate real shares. It also means these Brokers are also struggling to locate real shares as well. Since those FTX synthetics have disappeared, neither the Shorts nor the Brokers can actually locate real shares.

So effectively, the fact that FTX has gone bankrupt in those FTX synthetics have disappeared. That's effectively what's causing the problems when trying to vote on your AMC and ape shares because obviously these Brokers don't hold Real AMC shares or they hold this phony Ious and they can't even claim they can locate those shares from CM equity and FTX and finally, 741 traced, we sing the OCC which is the options Clearing Corporation has just reported the GameStop stock loan balance AK The shares on loan is 225 million shares, which interestingly exceeds the available flow. Basically saying that from the options Clearing Corporation there's currently more shares on loan and being used in the options chain then there is shares available. This is obviously very worrying for the shortest because it seems like we're rewinding to the January 2021 position or the December 2020 position where more than a hundred percent of the float the GameStop was shorted.

Now that is obviously very, very, very interesting, especially when we have a hundred percent utilization 900 cost to borrow on AMC and the Shorts that are indeed struggling to locate any kind of shares at all. It really wouldn't surprise me if all of this triggers the next run up in GameStop and the name C, especially when the market looks like it's about to take its next leg down, which could indeed trigger the short squeeze. 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 put a new video.

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