Heredia He

#AMC #APE. Si @CEOAdam tuviese la certeza que convirtiendo #APE a #AMC se cierran los cortos no necesitaría el 10:1. Quiero #AMCSqueeze y VOTO NO

[Heredia He @HerediaHe1]

Obtén hasta 1000 USD en acciones de IBKR al abrir una cuenta en Interactive Brokers. Regístrate con mi enlace. https://t.co/7Ev8y6ke0L

[Heredia He @HerediaHe1]

Flotación #AMC : 296 millones Acciones vendidas en corto en 3 días: 407 millones El interés corto informado es/fue del 20%. Voy a suponer que cuando vendes en corto 100 millones de acciones más que la flotación, en un lapso de 3 días, tus cifras autoinformadas están subestimadas

[Simulation #APENATION @simulationchess]

AMC float: 296 million
Shares sold short in 3 days: 407 million

Reported short interest is/was 20%. Gonna assume when you short 100 million more shares than the float, in a span of 3 days, your self reported numbers are just slightly underestimated... Naked shorts, yeah?🍿🦍🤷‍♀️

[𝒁𝜠𝑼𝑺 @HuskyJesus]

This is crazy! Possibly what could be happening now with the stock price action‼️👇

🚨Do your own DD🚨

This was copied from a Reddit post by u/Catch_0x16

#APESNEVERLEAVING 🦍🚀

LEAPS: I think I stumbled on something, need brains.

Ok fuckers, I think I see what DFV is seeing - LEAP expiry.

LEAPS, or Long Term Equity Anticipation contracts are basically long duration call contracts. How long is the duration you say? Well, funnily enough, 3 FUCKING YEARS (39 months).

39 months? Wow, what date was 39 months ago? February 14, 2021. Right after the sneeze, right when 'sMaRt MoNe' was working out how to un-fuck itself.

I think this is what DFV has seen... The leaps are expiring, what does this mean? Well I believe it means that the short sellers are here to fuck the market makers in the ass - they aren't the good guys, but their exit strategy means scorched earth for the cucks stupid enough to sell them their LEAPS.

Wait, why?

Well, when the short sellers were hardcore underwater, rather than attempt to cover their short and get fucked as the exit closed when v there were no shares to buy, instead they purchased LEAPS. This way they could keep their short in the game. A LEAP is a useful hedge for a short position, because when you decide you want out, you can exercise your contract to provide shares which you can use to unwind your short, it doesn't negate your losses, but it protects you against 'infinite risk' because you can get shares, you shift the risk onto the Market Maker who sold you the LEAP.

Why not just use calls, they're cheaper? Yes, calls are cheaper, but they have a much shorter expiry. Remember, the goal here is to never close the short, if they used calls they'd have to purchase 39 months worth. They want to hold the short in forever, so they buy LEAPS.

So, when the sneeze is blowing you up, you purchase LEAPS, and you purchase them at the furthest distance out (three years), they're cheaper than getting squeezed and easy, and you tell FINRA you're neutral on the trade. This way you don't have to close out your short (which would kill you). You hold on to your LEAP in the hope you never need to use it, you want the stock to hit 0 remember. You hope and pray those fucking stupid apes leave you and your crime alone.

Well fuck, 39 months has passed, how times flies. Now your LEAP is about to expire worthless, and you're still underwater. Time to pull the emergency handle, time to pop smoke and bug out - you execute your LEAP. The market maker has to sell you shares at whatever price your strike was, probably way OTM so it's costing your a lot, but fuck it, you need out and you've held on as long as you can. The biggest risk here is getting trapped, so by exercising your LEAP instead of hitting the open market, you hand that risk onto the market maker - it's his problem now, off your ride into the sunset, poorer but free.

This I think, is what DFV is seeing. I think he knows they used 39 month LEAPS to cover their short... I think he knows that the market makers are about to have to purchase more shares than exist in order to satisfy the contracts. If you're short and unprotected, you're about to get trapped.

Am I smoking crack here or are we onto something?

TLDR; Short sellers covered their short positions with LEAPS (long term calls) that are now expiring. They're executing the leaps to get shares to close out their positions - their time has run out and they've pulled the escape hatch.

[Stephanie 🇬🇧🇺🇸🦍 @stephmase22]

Just in case anyone forgot. Here is #KenGriffin @citsecurities telling us he sets the price and not supply and demand. The stock market has become a rigged casino.
#AMC #MMTLP #DJT #HYMC #GNS #MULN #BBBY #GME @realDonaldTrump @DevinNunes #MAGA

[Ian Carroll @IanCarrollShow]

. @slave_2_liberty I got you homie-

Here’s an explanation of the actual market wide criminal conspiracy that GameStop exposed

and how and why short sellers could actually blow up the entire global economy.

Cameos by @blockbuster and @ToysRUs

No exaggeration.

[Stephanie 🇬🇧🇺🇸🦍 @stephmase22]

Good morning #AMC #MMTLP Retail Family 🌞 🦍
This is a Holy War it is so much bigger than one stock. Retail is one team. We need to root and fight for each other. Spread awareness of each situation. Because the corruption is not one level. They steal and cheat in many ways. They remove buy buttons, The do endless halts, U3 halts, they have weaponizing the media, they sell securities they don't own, they naked short sell and the list goes on. But if you are not in this fight you have no idea what is going on. That is a very dangerous place to be because nearly everyone has skin in this game. Even if they don't know it. They are playing with people's pensions. If you ask the average person they will tell you they don't understand the stock market and their financial advisor does it all for them. That their 401k might be down now but it will come back up. What they don't understand is they are playing chicken with their hard earned cash. These guys don't have their money on the line they have ours.
There is zero accountability. This may have started out as a squeeze play but it is way more than that now. It is War for right and wrong and justice. We are not just fighting for ourselves but all of retail even the ones that have no idea what is going on. We fight for future generations.

[Dave Lauer @dlauer]

In the midst of the battle taking place over government funding, the House Financial Services Committee tried to slip in a provision to defund the SEC's new market structure proposals. They're hoping nobody will notice - but @WeTheInvestors_ found out.
https://t.co/XS9vYOyTFF

[SHARKY @imabadshark]

Ben Mezrich talks about retail investors ultimate goal in this war between Retail and Wall St. Ben mentions $AMC 🍿Ben Mezrich believes that short selling is morally wrong $GME #AMCNEVERLEAVING @benmezrich

[Tzvika Perelman @TzvikaPerelman]

APES, DID YOU EVER SEE ANOTHER STOCK IN THE MARKET WITH OBV NOT ALINGED WITH THE PRICE ACTION?

AMC IS A CRIME SCENE.

$AMC #AMC

[Eduard Brichuk @EduardBrichuk]

Now when outflow beats inflow, $AMC goes up… 😂😂😂

All the reporting systems are a complete joke… the ALGOS control everything in the market and there NEVER was supply and demand.

Criminal Wall St continue to manipulate with HFT computers. #AMC #APESNOTLEAVING

#KenGriffinLiedUnderOath #CitadelFraud #KenGriffinIsBernieMadoff

[🌴 🅅🄴🄶🄰🅂 🅲🅷🅴🅵 A̾n̾d̾r̾e̾w̾🌴 @ChefDrew702]

💥Bringing back Old Faithful💥

@CitSecurities is THE definition of "Conflict of Interest"

Citadel (HF)
Citadel Securities (MM)
Citadel Connect (ATS)
EDXM Exchange (Crypto)

"Trust me bro, there's NO conflict of interest here!"

Selling the order, directing the order, filling the order and creating the liquidity to do so

@GaryGensler & the @SECGov,
Just because they say that they're all separate entities, that doesn't mean a damn thing.

How can something so blatant be tolerated?

We DESERVE a fair market.

[Ryan AMC @RyanNoe10]

Hedge Funds and major Wall Street players commit the same crimes over and over while paying small fines to steal Billions of dollars from retail investors

This is not ok

[Stephanie 🇬🇧🇺🇸🦍 @stephmase22]

JUST A REMINDER #KenGriffinLiedUnderOath he made 11 Million a day for 365 days in 2022 that is 4.1 Billion stealing money from retail and pensions. He only gets a 7 Million fine 🤔
Does that fit the CRIME??
NO IT DOES NOT 🤬🤬

[Christalball @Christalball93]

OFFICIAL SPOOF REPORT DAY 30
30th consecutive day of aggresive #spoofing by #GoldmanBallsacks and other funds. 9400 share stink bids and sell walls. Wen justice? #AMC @ceoadam do you see this?

[Ryan AMC @RyanNoe10]

Please don’t start thinking that when the SEC sues someone that it means literally anything, because it doesn’t.

All that happens is they plead to no wrong doing and pay a fine -100,000% of the money that they stole from cheating the markets

[Eduard Brichuk @EduardBrichuk]

The Citadel Ponzi Scheme will continue to get exposed until the Bernie Madoff event will be revealed and the criminals start going to prison.

Ken Griffin lied under oath before Congress with absolute proof of them having communications before the largest criminal event in history - “Orchestrating the Removal of the BUY BUTTON and restricting Retail Investors into POSITION-CLOSE-ONLY.”

Where is Gabe Plotkin that got obliterated on his short positions?

Ken Griffin is Bernie Madoff 2.0 and it will only be a matter of time until this Ponzi Scheme of his - comes to an end.

🦍WE AREN’T LEAVING POS!🔥
🦍WE REMEMBER EVERYTHING!🔥
🦍WE DOCUMENTED EVERYTHING!🔥

#KenGriffinLiedUnderOath #WallStCriminals #KenGriffinIsBernieMadoff #CitadelScandal #WallStfrauds #WallStLiars #APESNEVERLEAVING

[MotleyStool 🦍🚀🦍 @AMC2224]

Wall St Joe @JoeBiden @DNC oversees the most criminal corrupt Ponzi scheme stock market in history

Zero supply and demand. Unlimited counterfeit shares, FTDs to rob middle class

Pure fraud and DOJ complicit @TheJusticeDept @FBIDirectorWray @JusticeOIG @SenWarren @AP @FBI #AMC

[Plisken @PliskenMGS]

$AMC

1 hour 15 minutes of barcoding on 20 million volume after shorts stole 90% of $AMC's entire value.

The most controlled and manipulated stock on the market.

[Dade Murphy @nakedjockman]

Project Popcorn. Was it some nefarious pounce against retail investors? The following thread details why I think it was not.

Please reference the presentation on AMC's website as each [page #] is taken directly from that as I've formulated my own opinion based on that.
https://t.co/pYbo15pJOE

Citigroup Banking provided a slideshow to AMC in February 2022 [page 872]. This document is what is referred to as Project Popcorn. In it presents a board briefing outlining the potential rights offering of preferred stock which would be known as APE.

In July 2021, investor pushback against dilution prompted AMC to cancel a shareholder vote on allowing it to issue more shares. AMC was unable to issue more shares of common stock which prohibited additional at-the-market equity offerings.

While Adam Aron stated on video that the vote was actually running favorably, the most prominent YouTubers and AMC influencers at the time were encouraging shareholders to vote no on the proposal. Keep in mind, AMC has and continues to remain beholden to shareholder sentiment. A look at the sentiment regarding the proposal can be evidenced through a search of tweets around the time the vote was planned: https://t.co/BI9rKQK4dW

As debt obligations continued to accrue, AMC was unable to issue more shares of common stock which prohibited additional at-the-market equity offerings.

Project Popcorn by all intent and purpose was created to further strengthen AMC’s balance sheet by de-leveraging and reducing debt costs, increase financial flexibility to make capital investments and pursue offensive and opportunistic mergers and acquisitions.

One of the potential uses of preferred stock authorization is that it required borrowers of stock (e.g. short sellers) to deliver rights or economic compensation to lenders of stock. [page 874]

One of the challenges AMC faced and Citigroup noted is the lack of authorized common shares available to offer and the concentration of the retail shareholder base sensitive to dilution (campaigns against voting for more shares) with the solution to offer AMC preferred equity units ("APEs") to maintain proportionate ownership in AMC. [page 875]

Citigroup further outlined to AMC's board what exactly preferred equity units are, what a rights offering is, a detailed breakdown, how to price it, a sensitivity analysis and precedents of past rights offerings.

After agreeing to Citigroup's proposal, in April 2022, Adam Aron through Citigroup put out a transaction overview to owners of AMC. [page 889]

Three months later, on August 22, 2022, APE would be distributed to shareholders of record and trading on the NYSE would commence. APE would hit a high of $10.50 and close the day at $6.00. On August 23, 2022, APE would open at $6.76 and close the day at $7.02.

APE was a disaster from the start. If you remember, APE was heavily shorted from the get-go and several brokerages delayed the issuance of APE to those entitled to received it. Youtubers and influencers set forth a campaign to sell APE. TaraBull808, once one of AMC's most arduous supporters of AMC put out a tweet on August 22, 2022 reflecting as much by stating, "According to his latest video, @realMeetKevin is sponsored by Seeking Alpha, and like @matt_kohrs, is suggesting we sell all of our $APE."

Less than three months after APE issuance, as the rapid decline of APE value saw no abatement, internal emails between AMC executives evidenced their concern.

On October 12, 2022, APE closed at $1.64. An internal email from Adam Aron stated “we must raise cash. APE is our only vehicle. And it and AMC have been dropping like a stone the last month.” AMC had previously set a $2.00 price floor for APE sales. It’s important to note, after five days of APE issuance, APE never traded again above $6.50. Adam Aron stated the irrationality of AMC + APE trading at a 25-75 split between the preferred and common. [page 854]

On October 12, 2022, an internal email from Adam Aron highlighted AMC’s need to raise cash stating production delays, a requirement by lenders to pay down debt and the concern of surging interest rates. [See page 856]

It wasn't until December 8, 2022 that the first mention of Antara can be seen in internal emails with AMC. Derek Van Zandt, Managing Director at Citi had sent AMC executives an email stating that he had just spoke with Himanshu Gulati, Managing Partner and Chief Investment Officer of Antara Capital LP.

In this email it outlines what Antara wants in exchange for purchasing APE. [page 8]

Adam Aron stated that in 2020 and early 2021, AMC took on debt at high interest rates to survive. A large sum of debt was owed to Antara so I can only conclude that Mr. Van Zandt put AMC in touch with Himanshu Gulati to work out a deal which benefited both participants.

On December 22, 2022, the Company entered into a forward purchase agreement (the “Forward Purchase Agreement”) with Antara Capital LP (“Antara”) pursuant to which the Company agreed to (i) sell to Antara 106,595,106 AMC Preferred Equity Units for an aggregate purchase price of $75.1 million and (ii) simultaneously purchase from Antara $100.0 million aggregate principal amount of the Company’s 10%/12% Cash/PIK Toggle Second Lien Notes due 2026 in exchange for 91,026,191 AMC Preferred Equity Units. On February 7, 2023, the Company issued 197,621,297 AMC Preferred Equity Units to Antara in exchange for $75.1 million in cash and $100.0 million aggregate principal amount of the Company’s 10%/12% Cash/PIK Toggle Second Lien Notes due 2026. The Company recorded $193.7 million to stockholders’ deficit as a result of the transaction. The Company paid $1.4 million of accrued interest in cash upon exchange of the notes.

There are prominent influencers that allude to Adam Aron allowing Antara to short the company. Wall Street has no morals or code of ethics. Antara was free to trade AMC in any which way they so desired. On June 14, 2021, the New York Post details the events regarding Mudrick Capital in the article titled Mudrick Capital takes massive hit on AMC shares as short bet backfires. https://t.co/lYEL68txPE

"Before Mudrick bought into AMC, the fund hedged the purchase with a number of put options — a type of derivative that gave Mudrick a “short” position in AMC stock. But after Mudrick sold the 8.5 million shares, it failed to exit its short position, according to the Journal, which cited unnamed sources."

The accusations alleging that Antara and AMC formulated some wild conspiracy allowing Antara to exit with a windfall profit are simply fallacious.

Note the Minutes of a Special Meeting of The Board of Directors of AMC Entertainment Holdings, Inc. dated December 21, 2022 [page 802]. Item 3. Antara Transaction Adam Aron updates the board on a proposed financing transaction with Antara Capital which he states had been introduced to AMC by Citi.

"Directors commented that Antara might enjoy a windfall if the APE price escalates but that AMC benefitted as well if the APE price increased. The directors observed there was no assurance that the APE price would rise or that the APEs would convert which would be risks for Antara." [page 803]

If Project Popcorn was implemented with Antara in cahoots to pass the vote then why would the Minutes of a Special Meeting of The Board of Directors comment that there was no assurance that the APEs would convert?

Other prominent influencers have alleged that Lead Director of AMC Entertainment Philip Lader, who acts as a senior adviser to Morgan Stanley, also somehow influences how AMC transacts. In fact, in an internal email sent on March 9, 2023 while preliminary voting results were being summarized, it shows that Morgan Stanley abstained from voting. [page 222]

In the internal emails which hold the subject "tracking the vote" they show how concerned AMC was that the vote for conversion does not appear likely without using the APE proportional voting mechanism. [page 921]

To understand the proportional voting mechanism, it's easiest to see an example of the intended use. As you read the below paragraph, note how the AMC community was split into two separate factions or ADVOCACY ORGANIZATIONS--the YES voters and the NO voters.

"For instance, a group of advocacy organizations have recently begun a campaign to pressure Vanguard to change its policy of voting against or abstaining on resolutions relating to disclosure of political spending. If these campaigns were to become more common and more successful, a fund may start voting in the manner advocated by the organizations.62 However, to the extent the fund votes all-or-nothing, there will still be a minority of investors whose preferences the fund is voting against. To avoid this, a fund could adopt a proportional voting policy. Adopting proportional voting could be done preemptively, to prevent or deter such campaigns by advocacy organizations, or defensively, in response to an explicit request by advocacy organizations for the fund to vote in a particular way. Either way, the explanation that the fund was voting in the interests of all of its investors would provide an irreproachable answer to such advocacy. If one mutual fund were to adopt proportional voting, whether in response to outside pressure or of its own volition, it could then market itself as better aligned with the preferences of investors than its competitors."

https://t.co/nsRCnHS5tP

In the Minutes of a Special Meeting of The Board of Directors of AMC Entertainment Holdings, Inc. Adam Aron indicated that Company [AMC] had actually reached and signed a nonbinding agreement with Mike Lipsky of Mariner Capital to acquire roughly two-thirds of Cineworld's theaters and the purchase price would have been paid mostly with APE. Adam Aron then notes that the price of APE declined to such a level that the deal became less attractive due to dilution. He noted that discussions could resume at some point down the road if the APE price recovers.

NOTE: AMC would have acquired roughly two-thirds of Cineworld had APE remained equal to the common stock OR if AMC had excess cash to make the purchase.

Now it's true that Antara did disclose a short position in AMC but was this just a hedge to their long position in APE?

In an internal memo dated July 20, 2022, AMC CFO Sean Goodman noted that the implications of issuing AMC Preferred Equity Units was that "Short sellers may be required to compensate lenders, from who they have borrowed AMC common stock, by providing the lenders with a Preferred Equity Unit (or economic equivalent) for each share borrowed." [page 691]

Citi even had a section labeled Short Sellers in their slideshow to AMC that potential investor considerations regarding the issuance of AMC Preferred Equity Units would be that: Short sellers of AMC common stock may cover their short position prior to the ex.-dividend date, short sellers that remain short AMC need to deliver the APE dividend to the lender and as a result WILL HAVE 2 options: Borrow APEs (i.e., continue to be short the APE) to deliver to the stock lender or buy APEs in the open market lo deliver to the stock lender. [page 699]

Was it possible that even Citi got caught off guard?

In the Minutes of a Special Meeting of The Board of Directors of AMC Entertainment Holdings, Inc. dated July 28, 2022, discussion ensued about the mechanics and whether short-sellers would need to cover their positions. Adam Aron indicated that they would have to obtain APEs and return them to the lender or cover their short position. He explained that index funds, who own a lot of our common stock, will not be able to own the preferred equity units so their dispositions may balance the short-sellers' needs. Adam Aron noted that the last time that AMC issued additional shares the share price went up. [page 777]

Citi, the board and Adam Aron all seem to have thought that issuing APE would have caused short-sellers to close their positions.

Would that not have been beneficial to AMC and shareholders alike?

Based on the above and text within the Transmittal Affidavit Of Daniel E. Meyer In Support Of Plaintiffs’ Opening Brief In Support Of Settlement, Award Of Attorney’s Fees And Expenses, And Incentive Awards, it is my belief that AMC was in dire need of raising equity and was beholden to a shareholder base that had begun warring within it's ranks holding AMC as hostage to the influencer who garnered most support. AMC was left with little option but to convert APE back into AMC to act as the sole cash-raising vehicle. Antara, though they made out like a bandit in the night, aided AMC in being able to raise more equity than they would have through bankruptcy proceedings and allowed AMC the ability to usher in a turnaround post reverse split and conversion.

Understandably, that turnaround seems dire at current price levels but I look back to the pandemic days when AMC was forced to close it's theaters unable to earn even a penny of revenue and the price of the stock was trading higher at the time than it is now.

Everyone is entitled to their own opinion and debate is necessary in order to ascertain the truth. This is why I have tried through this thread to use facts against allegations. The document is there, everyone is free to read into it how they may choose.

[MexicApe @MexicApe]

ORTEX Inicial: $AMC 3.2 MILL y 7.25% CTB! SI: 10.23% utilizacion: 54.87%! $GME(Buen trimestral ayer) 1.78 MILL y 3.98% CTB! $MARA 325k y 3.26% CTB! SI: 27.35%! Los numeros bajaron en todos lados! Tendremos live el dia de hoy, mando datos al rato! #HODL #AMCSQUEEZE #GMESQUEEZE