AMC carries more debt than Cinemark, but debt alone doesn’t explain this valuation gap. Cinemark trades around $36 while AMC is under $3. Compare enterprise value, revenue, cash flow, liquidity and the improving debt maturity profile—not just the share price. AMC is the world’s largest theatrical exhibitor, the box office is recovering, and billions in debt are being refinanced. You don’t have to believe AMC should trade at Cinemark’s share price to question whether under $3 remotely reflects the value of this business. @sec@finra@CEOAdam
@CEOAdam@dangallagher@vladtenev Yess, yess, and yess!!!! I don’t see anyone changing their stances here. As a longstanding AMC share holder being marginalized by these sham tokens I’d like to let the courts decide.
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.
CEASE AND DECIST in all caps was my attempt at humor. It was a cross between Desist (which means to stop) and De-cyst (which would mean to remove a cyst, something that causes pain and discomfort).
What you know about U.S. securities laws apparently is that you are happy to ignore them if you simply disclose that you are ignoring them.
If your offshore Stock Tokens can not be offered or sold to U.S. persons, why are you touting them on your U.S. web site?
If it is not illegal, it should be. And in any case, it displays a terrible lapse of judgement on your part. Wisdom is displayed not just by obeying the strict letter of the law, but by doing what is right.
Shame on you.
Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a company’s ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.
🚨🚨 NAKED SHORTING IS ILLEGAL
🙊🙈🙉 SPOILER ALERT SEC DIDN'T TAKE ACTION AGAINST ILLEGAL NAKED SHORT SELLING
Shorting Securities you don't own and have not borrowed is illegal.
Yet it happens everyday.
Fails to deliver indicates that this is happening on a large scale.
500 Million to a Billion fail to deliver each day. It is probably a lot more now.
SYSTEMIC RISK TO THE FINANCIAL SYSTEM
Silverback lining to the Apes. If you have shares in a traditional IRA it may be worthwhile to convert the act into a Roth IRA instead. Yes, you’ll pay the taxes to do it, but the share price is so low who cares. #notleaving
Project Hail Mary is the highest grossing movie of 2026 so far, a record it likely will hold for only 12 days.
Because…
The Super Mario Galaxy Movie opens today, and in my view it is sure to post sky high attendance and revenue numbers.
Only in Theatres.
President Trump at the State of the Union: "If you agree with this statement, then stand up and show your support: The first duty of the AMERICAN government is to protect AMERICAN citizens, not illegal aliens.”
DEMS clearly do not agree..
This says it all, AMERICA……