She said: do you love me? I tell only partly i only love amc, i'm sorry, 50 dub, i even got. I mean holy little, obviously down here in the pre-market about almost 8 tough time right now. It really is it's a tough mental challenging time, but there's much more value in prefacing some different information than staring at the charts. I stand by exactly what i said yesterday last night in my video right, you got ta have some freaking diamond nuts or ovaries.

If you're gon na play this play because there's going to be tough times ahead, and this is one of them, so you got to watch for these levels in which i specified my previous video. But i want to spend more time on something else for this video. So with that being said, what is up everybody i'm going to trade straight through freaking, talk fast and don't skip class baby like marvelous, and i'm not fine, advising our experts don't take when i say the grain of salt, let's get into the video. So today, my friends, my favorite gorilla gang we want to.

I want to digest this uh this. This news, article that came out it says, will amc entertainment, regret, nixing a stock sale. This is talking about the 25 million share authorization that actually got taken off the board by adam aaron right, the first time he proposed about 500 million shares. He pulled it off.

He withdrew that statement next time. He asked for about 25 million shares that guy was drone off the statement as well and actually had a conversation last night with uh with a guy who, you know, works for a different, that's about as much as they'll say, but nonetheless, we talked about this. 25 million share authorization itself and i thought it'd be an opportunity to discuss kind of what this means and what it means for adam and to have actually withdrawn that and state publicly. That he's not going to ask for shares again until 2022, because that means something right as the ceo of a company.

That means something about what he thinks about the company, what he thinks about its investors and what he thinks about the long-term health of the company. So, let's just kind of read what this article has to say and dive in from there. Sometimes a company goes too far to achieve near-term popularity at the expense of long-term sustainability, and that could be amc, entertainment holdings right now and first off a stupid way. To start off an article, it's like that right now, because this is not about popularity in the least bit it's about getting the pulse essentially of the long-term health of a company, as well as the investor core of the company.

Let's be real here. This is a really unique scenario which i don't think you've seen anywhere in the stock market. You find another ceo, that's interacting with the retail investors 80 of its stock holders right the way that adam aaron is done. That's an important thing to remember.

So you know, adam aaron is tabling a proposal that was supposed to be voted on this month's annual shareholder meeting that would have authorized the selling of 25 million more shares of amc stock aaron is framing the decision to nix the stock sale is a victory for Retail investors, but it's an odd flex, adam aaron, has never said that by the way he never stated this is this is a victory for retail investors, which, by the way, i think it is in the short term, because it doesn't, you know, add the opportunity for Fun to be spread, but regardless of what adam aaron does and regardless of whether or not they pass the 25 million shares, or they don't think about what the media would do right, the media fights against no matter what this guy does or the retail investors do. They they propose 25 million shares they're, saying oh they're gon na raise money, they're gon na raise money. Well, if they passed, it guess what they would have left out. The fact that it was supposed to be passed for 2022.

They couldn't sell single share in 2021. Be like oh they're, taking advantage they're going to dilute you well now, they're pulling it off and the media is losing their freaking minds too they're saying look. This is opportunity for you to raise money. 125 million shares.

Do it, do it do it right? It doesn't matter no matter what ended up happening. This sort of article would come out. There are now more than 500 million shares outstanding, but adding another five percent. So it's share count really rock the boat aaron is promising.

There won't be any new votes authorizing stock sales until at least next year. That is also that's true. That's true he's not going to ask for another share until 2022 comes if ap stock is trading, this higher or higher come 2022. This is the key piece.

It would be easy to applaud aaron's decision as a way to lift the ceiling. The narrative changes if the stock is lower. Of course, in that scenario, amc could have helped raise its floor by selling freshly minted stock at an elevated price point, and that is false, because even if they pass these 25 million shares, they cannot sell another single share in 2021 anyways. So what i wanted to encapsulate here is the the nards on adam aaron and what it truly means, as both the retail investor and as the ceo of the company, the long-term health of the company, that they got pulled right.

So, if they're not going to use a single share in 2021 anyways for him to withdraw that statement, i think is really putting a lot of faith in the retail investor. And what i mean by that is. He has so much faith that hey eventually when this is all said and done we're going to have the opportunity to get this passed anyways. You guys do what you got to do right.

That shows what's really happening here. I've said this before i'll say it again. I think the squeeze that you're watching happen on amc on a day-to-day basis is a tesla sort of squeeze, because you don't have 50 60 70 80 reported short interest on ortex right. We've seen that that's happening in different stocks, gamestop had 120 you've got mrin had over 100, whatever it is right.

There's a there's. A bunch of stocks out there that on paper, have a higher short interest than amc does. But what you do see happen is shorts. Will cover positions and then double down again at the top, to give you the exact same short interest that it's always had.

I want to show your text here, really quick right check this out. I want to show you the estimated short interest of free flow. You look over the last couple of months right back from this run up to 25 dollars. True interest back here was about 12 on that move to 25 bucks right.

Then it goes up again. Then it goes up again. Then it goes up again you're, seeing these valleys, these rips dips, rips dips, rips dips, rips dips in terms of short interest, because the shorts keep adding their position even when they're getting pushed out of their their their winning position or losing position whatever it is. They keep adding to it right.

What amc is representing in terms of short interest is the best way to explain it essentially. Is they just don't learn their lesson? They keep showing up to the same fight with the knife against people with a gun right and not only. I don't mean that in a literal way, but they're fighting a battle that does not make sense and they keep adding to their position anyways, even though they keep losing the fight on these pushes that keep coming and coming and coming now. I do think eventually, there's going to be an explosive move, some sort of encapsulating moment that will be like hey look.

This was the squeeze for amc stock. I think the apes have done what they got to do, but i don't think that moment is yet and where i'm going with this and what that 25 million share pull off the table means is, i think, adam aaron and the management of amc recognizes two things. They recognize hey, there's no risk for bankruptcy. Not only is there no risk for bankruptcy, but we're really sitting in a pretty good spot to actually increase revenue and earnings over the next couple of quarters over the next couple of years, based on what we've already done.

So far, secondly, i think it says: hey, we recognize that 80 of our company is owned by retail investors and they took care of us. Let's be frank here, man, that's not people, the eeps, the ames baby, the apes saved amc stock. They did the abe saved. This company, from bankruptcy january there was real risk of bankruptcy on the table.

If the age didn't step in man that would have been lights out, it would have been a tough, tough, tough comeback, and i think he recognizes that. So i scratched your back. You scratch mine sort of situation in the management of amc, the ceo of amc and the apes together right recognize this whole situation, so for those 25 million shares to get pulled off the table, you know six months from now man if they want to bring that Back to the floor after amc's already done its dirty deed right, it's done what it's got to do. Of course, it'll it'll come back of course, it'll pass at that point right, but he recognizes that right.

So take this message away from this sort of article. No matter what sort of decision the management of amc decided to do, whether it was to pass the 25 million shares to do it in 2021 to do it in 2022, whatever it is, they're not gon na be happy, so there's an obvious bias. So there's an obvious bias against the retail investor. Anytime, you run into an enemy in a video game, man that means you're going in the right direction.

That's what i always knew when i was playing dark souls. So you see this sort of stuff come out. That tells you a little bit about what's going on here. Secondly, i really don't think this is anywhere near game over these are tough times the market's down.

The spy was down over a percent - if i remember correctly this morning and amc and a whole plethora of other stocks are also down a pretty decent amount. You know corresponding to that, take a step back right, there's value in looking at technical analysis, there's value in knowing when things are going to make certain moves and where they're going to go when they make those moves. Once you know that it's just a matter of taking a step back set some price alerts forget about these - these small minute by minute by minute, by minute sort of moves. That's why i'm not live streaming this morning, because what's the value in that for you right.

What's the value in you watching a minute by minute, all it's going to do, for you is bring up this fear this this this this uncertainty, this fun right. It's going to make you question yourself. I don't want that man. I want you to make the most clear financial decision possible for yourself based on purely the facts, and the facts are the short interest is like 18 and a half percent right now went up yesterday.

The facts are the shorts haven't covered. The facts are 25 million share authorization is off the table. You've got a ufc airing at the amc movie theater, which could be the beginning of a huge opportunity to rebrand to grow the company to someday. Have the fundamentals actually match the shared price, because we all know that fundamentals are not what this is trading on right now, once you mention the word fundamentals at this current point in time, you already don't get the trade right, but it can get to that point Again and this 25 million share authorization getting pulled off the table, even if the market didn't react to it right, even if the apes didn't buy the news right, it does matter, it does because it keeps the game the same.

We know the things we know. We know the things we can't control, we know the things we can control at that point. The financial responsibility decision is yours, so that's kind of what i've got for this video. I kind of wanted to talk about that little piece of news, because it is interesting.

The media man, no matter what they do, is going to spin some stupid big fat, fake news out there and you just have to recognize when that sort of stuff is happening so blah blah blah drop like and subscribe to. My friends catch you on the next one light taps baby catch him catch you later much love and peace.