Today I'll talk about how there's no more AMC shares the Shore and how the hedgies can't even locate anymore as a result of all those FTX synthetic tokens being removed. and I want to explain how this has caused a massive spike in the AMC cost to borrow and how as a result the shorts are doomed. So stay tuned and let's make some money. And now I want to dive straight in with the key information. So Peter hand tweet is saying I Think a lot of people are missing the connection between FTX digital tokens and the cost to borrow rate. when you borrow shares. The Short: Your broker has to claim that they can actually locate the shares. Okay, these hedge funds can't actually short AMC unless their Market maker can at least claim they can locate AMT shares that are available. now. Obviously, these market makers haven't been locating legit AMC shares. They've been locating FTX synthetic tokens, but at least they can claim they're locating available AMC shares. Obviously, these market makers don't care. they're locating synthetic shares. Clearly, the SEC doesn't care that they're locating synthetic shares. They is going around and saying oh, FDX and Bittrex have tons of AMC shares to locate. That'll do. This is how these hedge funds have got away with shorting AMC for so long and how they've got away with creating additional AMC synthetic shares through FTX and through Bitfix as well. Because as Peter says, if some stupid crypto exchange say they have 400 million AMC shares, then maybe the broker claims they can easily find them. Sanjiv replied saying that FTX tokens were indeed in fact an important Avenue for shorts and lenders to create and use unlimited synthetics to bring down AMC and GameStop He said this is how they stop the Mother of all Short Squeezes in 2021 because both FTX and Binance actually listed these AMC and GameStop tokenized Securities on January the 28th 2021 Beatrex then also added tokenized shares as well back in June of 2021 again to crush the second run up back in June At some point after that, Binance actually removed their tokenized Securities because they realize just how much they were at risk as a result of the mother of all short squeezes. But obviously FDX and Bittrex were either oblivious to that risk or they were assured by these hedge funds that the mother of all Short squeezes wouldn't happen and continue to list those tokenized Securities First, Sanjeev Said now with FTX bankrupt this Avenue is shut as AMC and games that recover The Squeeze potential is likely to be much higher. We also know that many other avenues that generate these synthetic shares or to generate additional liquidity to meet their margin requirements has also been removed over the last year or the last few months. At least they can no longer use these Total return swaps as a result of the massive expose courtesy of Arcados. Capital Management No longer can they pump Chinese IPO companies as these has been suspended now Peter Handel actually replies saying that Bittrex still has some digital share tokens, but ask the question how long will they last But Bittrex tweet today saying as part of our product line for illegible customers, Bittrex Go label offer tokenized Securities known as tokens Through our historical relationship with our Maida, he said we suspended trading of those products immediately as the news of FTX and are made as difficulties hit last week in order to protect our customers and they send a lot of the news. Since then, we've decided to shut this product down completely AKA Those 625 million bit tricks AMC tokenized Securities are also no longer and they've also been removed and shut down completely so that's practically overnight. A billion AMC synthetics that can no longer exist and must be canceled potentially over the next few days or the next few weeks. And as tweeted by the Mast investor. this has caused the AMC cost to borrow rate to rise massively. We can see the cost of borrowing maximum is now 304, the cost of our average which is the important one is a whopping 302. and also on top of that, the cost to borrowing minimum is 90.2 percent. This is based saying that on average on an annual basis, these shorts are paying their entire short position three times over in borrowing costs alone, let alone the additional costs that are incurred on their Canker King and the additional costs for fines on their Ftds. AKA These shorts have a total short position of 500 billion dollars. It's going to cost them 1.5 trillion dollars in borrowing costs alone every single year and wrote tweeted saying that's the highest Max or average borrowing cost I've seen in a long time and I Think that actually this is the highest borrowing cost I've ever seen and that just goes to show how screwed the shorts are right now and actually how close we are to the AMC squeeze. I Imagine that over the next few weeks there's more and more hedge funds, and more and more market makers fail to locate any kind of AMC shares at all. Whether it's legit shares or synthetic shares, it's only going to cause the cost to borrow rate to be pushed up higher and higher. At some point, something will end up snapping and there will be one hedge fund or a number of hedge funds that can no longer afford this insane cost of Buy price and are forced to close out of their short positions and potentially end up going bankrupt and just a quick one. If you haven't already, be sure to join the free Discord Linked In The description below. We've got 13 48 indicators and we talk about AMC and shared due diligence all day long. And of course be sure to sign up to MooMoo to get 10 absolutely free and 15 free shares on top of that worth up to a whopping two thousand dollars each. Muma is very easy to use. It's got tons of technical indicators and you can even get 1348 indicators on the MooMoo platform entirely for free and entirely yourself on whatever stock you like. But I Also think that for the Shorts, it's about to get much, much worse. Fgx isn't the only exchange or isn't the only crypto company that has imploded or is about to implode. the chainsaw tweeted saying breaking news: a potential Bank Run on Crypto.com may be in progress. Nearly 90 000 unique transactions have been processed in the last few hours, suggesting that users are scrambling to get their funds off the exchange. And on top of that Ash tweet is saying get your funds Out of Crypto.com Gate.io and Huobi. Now there are rumors that exchanges are borrowing money to show the proof of reserves and as refer applied. He said something is going on. He just tried to withdraw his tokens from Huobi and it says that bet 20 withdrawals are right now suspended. This suggests that at least who will be and potentially a number of other crypto exchanges are also insolvent right now and are about to go bankrupt and potentially thousands if not millions of users are about to have their funds stolen and lost. Yeah, I Think this is only going to add to the problem for the shorts, as crypto will crash further and they're going to have even less liquidity available to meet their margin requirements and less availability or less ability to generate additional collateral. There's also a potential to even buy chance the largest crypto exchange may be insolvent CZ The CEO of Finance tweets saying if an exchange has to move large amounts of crypto before or after they demonstrate their wallet addresses, it's a clear sign of problems. Stay away and there's a replied saying you literally moved 2.7 billion tether tokens out of Binance try and cold wallet 2 into a wallet not listed as part of reserves within 24 hours of publishing the reserves. By his own admission, Now Binance isn't even safe. This is the same Telegraph thing as Sam Bangman free did and I think As a result, a number of Shorts have realized just how screwed they are and just How likely the mother of all short squeezes actually is. As a result, a number of large hedge funds and even major Banks has closed out of all of their positions or at least a massive portion Barclays have closed out of 1.16 million put positions as a result of the news clear Street have also closed out of 150 000 put options. We can also see here here that Bank of America of clothes that have a whopping 3.1 million options on AMC and they've only kept a mere 50 000. and again, on top of that, we've got Goldman Sachs closing out of 1.8 million put options and we've also got the Bank of Montreal closing out of 500 000 puts as well. We can see this is some massive massive reductions input options on AMC by some of these major Banks and buy some massive hedge funds as well. They clearly realize how much of a risk the mother of all short squeezes actually is and how close it is to actually happening. Therefore, they're all bailing out of their puts because they don't want to be caught on the receiving end of squeeze. And just to make matters worse, for those shorts, Adam Aaron is tweeting all hail the Black Panther AMC welcomed more than 4.9 million guests to our theaters globally Thursday through Sunday He said we've just set a US record for the biggest November movie opening in AMC's 102 year history. It's again time to say this to the Prophets of Doom hashtag, choke on that again. another record-setting weekend or another record setting month for AMC as a result of Black Panther is clearly some brilliant news and just goes to show how screwed the shorts thesis actually is. We're seeing AMC improving as a company and the shorts having less and less ways to actually short aim C and less and less ways to generate liquidity to meet their margin requirements. As a result, this is causing the cost to borrow to spike massively toward whopping 300 of their entire position on an annual basis. Many of these hedge funds and these shorts are struggling for liquidity in the best of times and struggling for cash and can't afford to pay three times their entire short position over and over on an annual basis. I Do think this will cause a wave of short covering even before the market crash potentially happens, which will obviously cause the squeeze. but guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to date that notification Bell because that way you'll be alerted when I upload a new video. Cheers.