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📝 🚨Urgent Inquiry Regarding $AMC's Excessive Failure to Delivers:
President of the NYSE: @lynnmartin
I am writing as a shareholder to bring to your attention a matter of significant concern regarding the recent events surrounding $AMC on the New York Exchange. Just as @CEOAdam of AMC has brought his attn to yours.
$AMC Stock has experienced an unprecedented number of failure to delivers, exceeding 600,000,000 in the month of July alone. As you are undoubtedly aware, such a substantial accumulation of failure to delivers raises important questions about market integrity and transparency.
According to the Regulation SHO of the U.S. Securities and Exchange Commission, a failure to deliver position is deemed to be on the threshold if it has persisted for 13 consecutive settlement days. Further, if the failure to deliver position remains on the threshold for 25 consecutive settlement days, certain actions are required to be taken, including the close-out of the failure to deliver positions.
Given the magnitude of the failure to delivers in the case of $AMC and its persistence over the course of more than 25 days, I kindly request that you investigate this matter further. The adherence to established regulations is crucial for upholding investor confidence and the overall health of the market.
I appreciate your attention to this matter and would be grateful to receive updates on any actions being taken to address this issue. Your commitment to maintaining the integrity of the New York Exchange is truly valued.
What the DUCK !!!!! I am getting multiple reports that Robinhood briefly posted today that AMC filed for bankruptcy. How can companies like Robinhood do this? So ludicrous, so wrong, so irresponsible. On Friday, we report Q1 earnings, and will announce our sizable cash position.
One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB, saying it was "still cheap" and has "room to run."
The stock's value has since dropped by 66% following concerns that the bank is on the brink of collapsing.