Today I Want to talk about the massive update in the Mmtop crime? It's been over 200 days since trading in Mmtlp was illegally halted without the Shorts being forced to close. Charles Payne has demanded Gary gender look into it as have tens of thousands of retail investors. And today the CEO finally has an update on the Mmtlp resolution. So stay tuned and let's make some money.

And now I'll drive straight in with the information. So an official question was asked of the CEO saying can anyone give shareholders an update as to the status of the resolution for shareholders of Mmtlp or the placeholders for next bridge that are in our brokerage accounts He said it's been 215 days since the U3 whole of Mmtlp as shareholders. We believe that our two days of trading were taken away. He said our money has been frozen or taken and Finra refuses to give an audited share count or any kind of update on Mmtlp.

The CEO actually replied to this email saying good morning morning We should have an update within the next couple of weeks. So it seems shareholders of Mmtlp will finally have a resolution to the illegal trading Hall of Mmtlp in the next few weeks. This is likely offer the pressure not just from Charles Payne and the mainstream media not just from Congress and not just from tens of thousands of Apes, but likely external influences as well. And the reason why I think this is such a big update is because shareholders of Mmtop now actually have something that we don't have and that something is a specific date.

obviously with AMC Nobody specifically knows exactly which day AMC is going to squeeze. Hey, we don't even know exactly which day the court case settlement is going to be announced, but Mmtop shareholders now have a pretty much set date for a resolution coming directly from the CEO. He's obviously been working with the SEC and with Finra behind closed doors to come up with some kind of resolution for Mmtlb share holders where the shareholders are going to get some kind of cash settlement from the SEC Whether there's going to be those additional two trading days allowed I Don't know specifically what's going to happen, so let's wait to hear from that. CEO You may have seen this letter written from another member of Congress directly to Gary Gensler he's a chairman Gensler I Write regarding an issue brought to my attention by my constituents regarding a corporate action and trading Hull in the series a Preferred Shares of Metamaterials Incorporated My constituents believe that shares were sold illegally leading to losses in their retirement.

Savings In response to these allegations, I'm requesting from your offices a briefing regarding this matter as well as what your offices are doing to prevent Securities Fraud in the U.S markets. Seeing my constituents are deeply distressed about this matter and have suffered greatly as a result of this trading. Hull But again, it's not just Eli Crane, a current member of Congress that's been hounding after. Harry Gensler Chris Rose Another Senator has been doing the exact same thing too and he said Bravo to Eli Crane for demanding answers on behalf of the Mmtop community.

Several other members of Congress have been contacted about this very issue. When will you at the SEC take a stand for retail investors? Now What's really interesting is that many retail investors submitted Freedom of Information Act requests for Mmtlp and all requests so far have been denied. Danielle tweeted saying Mmtlp Freedom of Information Act request update saying I Filed the Foia's on the 5th of April and the 11th of May 2023 and on the 18th of July I emailed the SEC for an update today on the 19th of July I received two emails back. both requests were denied today the 19th of July.

So the day after I asked for an update they all of a sudden deny both cases and notify me via email especially as MMA team and tweeted saying hey, Pete Sessions who's a congressman it seems as if Gary Gensler is trying to pretend the Mmtop Fiasco didn't exist and never happened. He asked, where's the oversight pending for months terminated without excuse on the back of an update request hogwash. I Say yes You see is clearly desperate not to give out any information regarding Mmtop, but is seemingly working with the CEO of Mmtlp for some kind of resolution. While I am excited to see what kind of resolution happens in the next few weeks and how this impacts AMC it's so sketchy.

what's been kept a secret at the SEC at Finra. The Mmtop situation seems in some senses, even worse than what's happened with MC by an excited four shareholders of the Mmtlp that will soon actually have some kind of resolution. Also, you can currently get a guaranteed free share of Tesla and a cash reward which you could always use to buy more shares of AMC Ape or of Game Stop. All you have to do is sign up to MooMoo using the link in the description below and make the required qualifying deposit.

Signing up to memory is free. It just requires a temporary deposit and it's a really great way to support me and to support the channel. I mean it was also really easy to use. They've got tons of technical indicators and they even have their own inbuilt options trading platform.

But let's also talk about the reality of the current AMC cost to borrow and exactly how much these shorts are losing on their short positions. So he posted with some quick maths saying four dollars and thirty cents per share multiplied by a thousand and fifty three percent is an annual interest cost of forty seven dollars per year. Forty seven dollars per year, divided by twelve is around four dollars per month, which is also the same as 13 cents per day per share These shorts hold, so every day a short loses 13 cents in profit by holding this short position. And over the last month, these shorts have lost 3.95 in total.

And obviously, if you've checked the price of AMC over the last month, AMC has not. Fallen by nearly four dollars per share. AMC has actually increased over the last month by a few cents. So that's turned what would be a few cents worth of losses per share into over four dollars of losses per share over the last month.

Because AMC has not fallen in price, these shorts have lost their entire AMC short position by continuing to hold that shot. All basically saying if they hold a billion dollar short position because AMC hasn't decreased over the last month, they've already lost a billion dollars in fees. It's crazy how holding this short position for Just One Singular month can wipe out their entire short position of Legally shorted chairs. And meanwhile, while these shorts are losing billions of dollars every month on borrowed shares, it costs us retail investors nothing to hold.

And while these shorts are losing billions of dollars every month by shorting AMC, let's think about what will happen when Citadel or Bank of America finally ends up collapsing. Frankly saying, Bank of America is the prime broker for over 95 of Citadel Securities net derivative assets. Bank of America serves as the clearing and Prime broker for 95.65 of the company's net derivative assets and also a substantial portion of the company's clearing and financing activities are also with Bank of America as well. So Bank of America is not only providing the clearing and Prime brokerage services, but is also lending the majority of their margin as well.

And therefore the collapse of either Bank of America or Citadelo will also take down the other and I've squeeze the cow Tweet is saying imagine being short on some stock, trying to get a company to go to zero and causing investors to run, but instead investors didn't run and the investors doubled down, exposing your crimes, sharing information, and dancing on social media in the comments. Retail investors are effectively enjoying holding AMC shares while these shorts are burning billions of dollars trying to suppress the AMC and GameStop stock prices. And while these shorts are losing billions of dollars trying to suppress the stock and spending billions of dollars on borrowing fees as well, the very companies they're trying to show are not only improving fundamentally, but also making themselves more viable long term. The shorts are quite literally stuck between a rock and a hard place between improving company fundamentals, this impossible to escape short position, and more and more retail investors buying more and more shares.

The shorts literally have zero escape from their short positions, which their hemorrhaging billions of dollars from each and every month. And until these shorts buy back these shares and close out of their short positions at whatever price we want. Because obviously we hold all the shares these shorts currently have no escape. And interestingly, the US Federal Reserve has officially launched the FED Now Incident Payment System and Cbdc currently 35 Banks and Credit Unions along with the U.S Treasury Department's Prayer Of Fiscal Services are utilizing this Cutting Edge technology.

So it seems the FED has finally implemented their Cbdc and may soon be using this to pay for the AMC squeeze. But guys, be sure to let me know what you do. 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. Cheers!.