Welcome back to the channel everyone today, i want to talk about the sec potentially being forced to ban dark paul trading, donna, hugh george filed a motion for the us district court to ban darkpool trading on amc and gamestop. So stay tuned and let's make some money. But before i dive into the video, i just want to give a massive shout out to everybody: that's currently part of the team on the private discord there. We talk about amc, other stocks and cryptocurrency, and you get urgent news due diligence and updates before i even make a video and it's the best place to get in contact with me, as i'm active there pretty much all day every single day, and i want to Dive straight in with the key information, so donahue, george tweeted, saying the sec refuses to act, so i did.

Instead, i filed a preliminary injunction in federal court this morning requesting that the court temporarily ban the trading of amc and gamestop shares in the dark pools until we get an accurate share count verified by the cause. As you can see, this is a preliminary injunction filed with the united states district court, with donna, hugh george being the plantiff ken griffin citadel securities. The market maker citadel connect the dark pool, citadel llc, the hedge fund, the sec finra, the cftc, the dtcc robin hood and weeble all as the defendants plant. If donahue george respectfully moved this court for a preliminary injunction as set out below for the reasons as set out in the accompanying memorandum in support of the plaintiff's motion for a preliminary injunction, the second screenshot then shows the plant if respectfully, requests that this honorable court Issue a preliminary injunction barring defendants from destroying any documents, whether paper or electronic, related to amc and gamestop shares and barring defendants from continuing to trade, amc and gamestop shares in the dark pools until a correct share count is done and verified by this honorable core.

This would be absolutely brilliant if this preliminary injunction can be approved and the court suspend trading in amc and gamestop shares on the dark pool and perform a proper and accurate share count. Now, personally, i'm obviously not a professional lawyer, and i also can't give any financial advice, but this does look like a well-written preliminary injunction letter and hopefully the courts can take it seriously and can suspend that trading. That would almost certainly have a major major impact, because on a day-to-day basis, we typically see between 60 and 70 of all amc trades performed in the dark pool. We all know about the sheer amount of manipulation that goes on in the dark pools, and we also know that it needs to stop, and therefore suspending trading of those shares in the dark pool would be the perfect way to do it now.

I also wanted to touch on this post from user of intellect the phd data analyst. The shorts now have 21 million borrowed shares of amc or 21 million illegal borrowed shares of amc in their possessions that haven't yet been shorted there's. Obviously, 118 million borrowed shares less 97 million shortage shares estimated equals 21 million borrowed shares that haven't yet been shorted. Obviously don't forget.

This is all on the legal side, not including those synthetics. So what could this mean? They think it could mean that a fake short squeeze is imminent between 100 to 150 gain and also there's a huge gap between short interest and borrowed shares, and this mostly happens pre-squeeze. They reckon that the hedges will dump a load to tell you that the squeeze is over around 135 to 165 dollars now. Obviously, that is slightly below all of the recent bot talk of between 200 and 300.

So maybe the hedges are going to try and even slightly undercut it to try and scare away more and more apes. They also said this 21 million borrowed shares is all they have and currently no naked shorting is available at this time because of the new cat system that's in place. I made a video last week about the difference between the cat system and the old oat system, and why the cat system is much more superior and requires a lot more disclosure. There's just that.

Many longs and funds will recall their loan shares during the squeeze, which could potentially cause that short squeeze. Obviously, if shortage shares are recalled, that means the short position has to be covered and the shares returned to the rightful owner they reckon it may take up to three days for margin calls to process, and that means we have to maintain that price level. We have to maintain a price level above their margin, call point for that margin call to take effect and for the hedgie to be margin called. Obviously, the dtcc will take some time to process all of the margin call applications.

It's not an automated system like you might have on your own trading platform, whereas, for example, if you're leveraged trading with weibull or with robinhood - and you get liquidated, your account gets liquidated instantly and they also recommend that you keep some ammo to buy. After the major drops and also exercise your in the money options to get those actual shares, because obviously it means that the person that's taking the other side of your option play. Maybe it's a market maker or maybe they sold the other side to a hedge fund. They're going to effectively have to go out into the market and buy shares for you, and also, obviously, the gamestop and amc price movements have been tied, which means the likelihood of margin calls are much much higher.

Now now today you may have seen the giant crypto crash. I don't necessarily want to call it a crypto crash because there was a very fast rebound, but at some points doge was down. 27 ethereum was down, 20 bitcoin was down 15 and actually even fell slightly more than this as well. Some people have been speculating that those funds and institutions that are currently short on amc and gamestop and are very over leveraged on their shorts, were selling off crypto.

To have access to more cash liquidity to continue holding their short positions. Obviously, if these companies are getting close to a margin call which they potentially could be as amc stock prices back on the rise again, that means they're going to need to free up more cash and more liquidity to continue adding to their short positions and to continue Averaging up their positions, obviously, if they don't have enough cash, they're gon na have to start selling off positions, and maybe a very large institution decided to sell off their crypto position, which caused a wave of margin, calls dropping the price further and further and further. I also imagine a lot of other institutions, and funds would have been very panicked and also sold their positions as well. Maybe it could have even triggered some margin calls if their asset base fell too much as a result of the crash.

You may have also noticed during the time of this massive price drop. A lot of trading platforms and apps for cryptocurrency were out of service coinbase had problems. Weeble had some problems, i think as well, and there was a few others like kraken as well. That also had troubles and that guy astro tweeted saying remember when coinbase also failed their users shortly before the amc run simultaneously, while crypto had a very bad day cycles.

My friend and if you look at the google trend analysis for coinbase down, you can see the coinbase had a lot of problems in early january at the time of the first run-up, and also at the time of late may and early june. During the second run. Up and therefore it may not be a coincidence at all, and it may be another signal that we are entering and progressing through stage three or cycle three of the amc stock cycle, guys before i dive in a deeper i've, got a quick message from the sponsor Of today's video cryptocurrency, investing can be very risky, especially with the sheer number of crypto scams we've seen recently over the last few months, and that's why, when investing in crypto, you need to find a coin. That's actually backed by something tangible and gsx is just that.

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We had some absolutely giant purchases and some giant premiums paid on new option positions. The large majority of these large option purchases or large option positions were all bullish as well. There were some bearish positions like the selling of calls, but the majority were bullish and finally, i also wanted to go over a recent brilliant tweet from adam aaron. How about this wonderful news in the u.s, thanks to shanxi amc, theaters posted a new labor day weekend admission revenue record last set back in 2013.

also labor day weekend, 2021 attendance exceeded the same days in 2019. The first time we beat the pre-pandemic numbers. This is absolutely brilliant news, because the main short thesis was the fact that people were too scared to go back to theaters or didn't want to go back to theaters anymore, but adam aaron is once again proving them wrong. Setting a new attendance record in 2021 guys be sure to let me know down in the comments below what you think about this preliminary injunction that was filed by donahue george.

Do you think it's a good idea that, hopefully, the sec will be forced to suspend the trading of amc and gamestop in the dark pools and, as always guys, if you enjoyed this video, be sure to check out some of my others? Alternatively, subscribe to the channel and ding the notification bell, because that way, you'll be alerted when i upload a new video cheers.