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.
See how they shadowban my posts and reach restrict them compared to my old ones in meme stock days that they let blow up. They don't want retail buying gold and silver
https://t.co/ErJNeqZqrs