FR

[Adam Aron @CEOAdam]

Hey there @vladtenev and @DanGallagher: My voice will stay loud. You supported the SEC on U.S. stock tokens. They must carry voting rights, and companies can opt out. How hypocritical of Robinhood if not adopting those same principals offshore. Don’t spit in the face of the SEC.

[Tony Denaro @Tony_Denaro]

Q3 exceeds $3B domestic box office for the first time ever (for a Q3). 🍻
$AMC $CNK $IMAX $MCS

[Kat Stryker @KatStryker111]

THIS IS THE PROBLEM WITH TOKENIZATION.

If tokenized shares can be used to support REG SHO LOCATES while the underlying shares can ALSO be lent, pledged, or otherwise used…

HOW DO YOU PREVENT THE SAME SHARE FROM SUPPORTING MULTIPLE CLAIMS?

That's not a technical footnote. THAT'S THE ISSUE.

Investors: DON'T LET THIS QUESTION GET BURIED.

Demand answers from brokers, custodians, exchanges AND regulators:

CAN TOKENS SUPPORT LOCATES?
CAN THE UNDERLYING SHARES ALSO BE LENT?
HOW IS DOUBLE COUNTING PREVENTED?
WHO AUDITS THE SHARE-TO-TOKEN BACKING?

We don't need promises. We need TRANSPARENCY.

SHOW THE SHARES.
SHOW THE LOCATES.
SHOW THE AUDIT TRAIL.

INVESTORS: ASK THE QUESTIONS. DEMAND THE RECEIPTS. 🔥

[Kat Stryker @KatStryker111]

My issue is simple: AMC shareholders have every right to be angry and demand answers.

Robinhood says its AMC Stock Tokens are backed 1:1. Fine. Then prove it. The token itself is not an AMC share. Token holders don't directly own AMC stock and don't receive the normal rights of AMC shareholders. AMC also did not create, authorize, or endorse this product.

So where are the receipts?

Who holds the underlying AMC shares? How many shares are actually held compared with the number of tokens outstanding? Who independently verifies that 1:1 backing, and can investors see that verification?

And I want to know why AMC. Why create a financial product using AMC's name and ticker without AMC's involvement? What other publicly traded theater chains received the same treatment, and why or why not?

That's why AMC investors are angry. We're not asking for rumors or promises. We're asking for transparency and independently verifiable facts.

If it's truly backed 1:1, show us. It shouldn't be controversial to ask for the receipts.

[X Market News🚨 @xMarketNews]

WHAT IS GOING ON 🚨🤯

Over the past two days, employees at Nasdaq and Robinhood have been charged with FRAUD…

Every retail investor should share and spread the word of this corruption 🔂

[Adam Aron @CEOAdam]

In my crosshairs as much as Robinhood’s shameful Stock Tokens and the trademark- infringing meme coins that they trade: dreaded TICKET SCALPERS.

So far, we have reclaimed more than 1,600 AMC tickets from resale sites posted there.

Scalpers beware, AMC is coming after you.

[Kat Stryker @KatStryker111]

Interesting how the “tokenized movie stock” menu gets selective. 👀

IMAX? Nope.
Cinemark? Nope.
AMC? Front and center.

That’s not a detail. That’s a RED FLAG. 🚩

Why AMC?

If every token is supposedly backed 1:1, OPEN THE BOOKS.

Show the shares. Show the custodian. Show the audits. Show the receipts.
Until then, investors have every right to question WHY AMC IS THE ONE GETTING TOKENIZED.

Stop asking retail for trust. Start demanding Wall Street provide PROOF.

INVESTIGATE. NOW. 🔎

#AMC #TokenizedStocks #MarketTransparency

[Adam Aron @CEOAdam]

Hey there @dangallagher, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept.

I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino.

If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably?

Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact?

Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors?

Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit.

Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.

[Kat Stryker @KatStryker111]

THIS IS INSANE.

Robinhood gets penalized.
Pays a fine.
Keeps operating.

Again. And again. And again.

And NOW we have AMC “tokens” claiming 1:1 backing?

THEN SHOW THE SHARES.

Where are they held?
Who is the custodian?
Where are the locates?
Where is the independently verified proof of 1:1 backing?

You don't get to slap “TOKEN” on something and magically create a loophole around securities laws.

If these tokens are being used to manufacture synthetic exposure, hide failures, dodge delivery obligations, or manipulate the real market

INVESTIGATE IT.

Stop treating massive financial penalties like fucking parking tickets.

Knowingly commit financial crimes?

PROSECUTE THE PEOPLE RESPONSIBLE.

No more fines.
No more loopholes.
No more hiding behind corporate checkbooks.

AMC INVESTORS WANT RECEIPTS.

SHOW THE SHARES.
SHOW THE BACKING.
SHOW THE PAPER TRAIL.

FIX THE SYSTEM. NOW.

[The Butcher of Wall Street | Marcel Kalinovic @BossBlunts1]

Robinhood CEO CAUGHT LYING Live On CNBC (He Was NOT Ready) My Reaction:

Robinhood issues tokens, claims they're 1:1 backed, and "verifies" it themselves...

🚨 The 3rd-party verifier checks them ONCE PER YEAR...

"We've investigated ourselves and found that we've done nothing wrong."🚔

AMC CEO @CEOAdam was right all along!

https://t.co/A17a8D0n65

[Adam Aron @CEOAdam]

Banner headline and article in Variety:

Summer Box Office Breaks All-Time Record With $4.67 Billion

“Need proof the movies are really, truly back? The summer box office was already the biggest since COVID upended the industry in 2020 — and now the season has become the highest-grossing of all time. Domestic ticket sales from May 1 through Labor Day on Sept. 7 stand at $4.76 billion, according to Rentrak.” https://t.co/MdY85Aztnn

[Adam Aron @CEOAdam]

August 2026 had the highest industry-wide domestic box office grosses for any month of August since record keeping started 50 years ago. See for yourself: https://t.co/F2DMd8G681

Experts moronically predicting movie theatres were dead?

What a total crock of - - - - !

[Kat Stryker @KatStryker111]

This is Insane!!

This Needs to be everywhere!

Repost!

Spread like wildfire

#Crime

[LeoKinsXx @LeoKinsXx]

It’s a good time to bring this back into your feed

[Brad. M @D1ssoluti0ng0v]

@vladtenev The concern is not mysterious.

You put AMC’s name on a Jersey debt note, sold it as an “AMC Stock Token,” and then asked the CEO of AMC what the problem is. That is the problem.

Retail is not confused about the wrapper. We know it is not a share. No vote. No ownership. No claim on the company. You said that in the fine print. You still used the ticker, the brand, and the price of a company that never hired you to package its equity.

Then you put that wrapper on a permissionless chain with a thin float. It trades 24/7. It sits in DeFi pools. It gets used as collateral and as the quote asset for memecoins. When a small token float gets shoved away from the NYSE print, that is not “innovation.” That is a second AMC market you created without AMC.

A 1:1 claim is not an answer. It only helps the listed stock if you buy real shares to mint. If you mint against inventory, hedges, locates, or delayed settlement, you created extra AMC exposure without extra demand on the tape. Discount arbitrage can hit the real stock. Premium minting can add more wrappers instead of lifting offers.

You blocked this from U.S. persons and still wrapped a U.S. company. Then you replied to the CEO with “What’s the concern?”

The concern is you built a synthetic AMC market, kept the economics, left AMC with none of the control, and treated a shareholder-rights question like a support ticket. @RobinhoodApp @RobinhoodCrypto

[Adam Aron @CEOAdam]

Robinhood apparently is behind an effort related to “tokenized real-world assets including Stock Tokens” for AMC Entertainment (and supposedly 190+ other companies). They are not registered under U.S. securities laws !!!!!!

I find this practice to be contemptible, outrageous, disgusting, detestable, inexcusable, vile. How can it possibly be legal? We have no connection to this at all, and do not condone it in any way.

We immediately are going to have our outside securities counsel look into this.

https://t.co/y3yf3VGdWz
Stock Tokens are not registered under U.S. securities laws and may not be offered, sold, or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, U.S. persons. Offers and sales of Stock Tokens are subject to restrictions in other jurisdictions, including, without limitation, Canada, the United Kingdom, and Switzerland. A full list of the jurisdictions in which offers or sales are restricted or prohibited is available here: https://t.co/y3yf3VGdWz
Robinhood Assets (Jersey) Limited is a private limited company incorporated in Jersey, with its registered address at First Floor, La Chasse Chambers, Ten La Chasse, St. Helier, JE2 4UE, Jersey. The Issuer is registered under the registration number 162428.
Stock Tokens have not been and will not be registered under the U.S. Securities Act of 1933, as amended from time to time (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States. Stock Tokens may not be offered, sold or delivered within the United States to, or for the account or benefit of U.S. Persons (as defined in Regulation S under the Securities Act ("Regulation S")), and (ii) may be offered, sold or otherwise delivered at any time only outside of the United States and to transferees that are not U.S. Persons (as defined in Regulation S)….

©2026 Robinhood Markets, Inc. All rights reserved.

[Stephanie @stephmase22]

🚨🚨SEC CFTC DELAY HEDGE FUND DISCLOSURE DEADLINE FOR THE FOURTH TIME 🙉🙈🙊

ABOLISH THE SEC‼️

Why are we paying these 🤡🤡 ❓️

Protect investors is their number 1 mission. Yet anything that would help to protect us is continously delayed or defunded make it not fit for purpose.

South Korea can crack down on market manipulation so why can't the SEC.

WHAT A JOKE 🤬🤬

[X Market News🚨 @xMarketNews]

BILL PULTE IS AWARE OF NAKED SHORT SELLING & MARKET MANIPULATION DONE BY SHORT SELLERS 🚨

Will @Pulte & President Trump do something about it soon?

[Adam Aron @CEOAdam]

AMC movie ticket scalpers above face price: To protect all our guests, your scalping days are numbered. We are monitoring EBAY and other sites. We will do our best to cancel your tickets and close your Stubs account. It is a violation of our ticketing terms to scalp AMC tickets.

[Dade Murphy @nakedjockman]

AMC shares below face price: To protect all our investors, your shorting days are numbered. We are monitoring the DTCC and other financial markets. We will do our best to cancel your short position and close your margin account. It is a violation of our beneficial creditors to naked short AMC shares.

// not serious