π₯ SYNTHETIC SHARES GENUINELY EXPOSED π₯ - AMC Stock Short Squeeze Update
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Links;
https://www.reddit.com/r/AMCSTOCKS/comments/rbz1cj/the_naked_smoking_gun/
https://twitter.com/CEOAdam/status/1468903430873919488
https://twitter.com/AMC_Tutor/status/1468951375010803718
https://edition.cnn.com/2021/12/09/investing/evergrande-default-fitch-intl-hnk/index.html
If you navigate to Webulls Web API and search for the AMC distribution, it can be seen that Webull hold over 120m AMC shares, When you remove the shares held by institutional investors, this means that Webull, a platform where investors left en masse for Fidelity and other non-PFOF platforms STILL holds over 40% of the AMC float.
This means that Fidelity likely holds 100% of the float, TD ameritrade probably holds 100% of the float, so does interative brokers, Robinhood probably holds another 60% etc. Meaning that the float is likely held over 5x over! over 2 bn synthetic shares!
the bigger problem though, is why haven't the SEC ASKED the brokers how many shares they're holding to determine if there are indeed synthetic shares?
Adam Aron also tweeted about not issuing an NFT dividend, but does this matter for the AMC squeeze?
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