The Biggest Stock Market Scam Ever | Exposed.

what if I told you a company that a

judge just argued wanted to a either

dump shares on their shareholders as

much as possible to raise money

obviously so the company could survive

and the board of directors and the

executives could keep their Posh jobs

with Rich stock payouts and if that

diluting of the stock didn't work

issuing new stock if that didn't work

what if I told you they then rigged a

shareholder vote legit rigged it to be

able to dilute you in another way going

around what retail shareholders actually

want what if I told you that a company

just did that and it could potentially

be the greatest scam since Enron

probably be pissed right let's get into

what the judge just said about AMC

and of course the AMC preferred Equity

units keep in mind I have been covering

AMC and ape for over two and a half

years in fact 10 months ago I made a

video warning about what was about to

come with ape ape Shares are going to be

worth as much as that nft is going to be

worth

zero in 6 to 12 months I expect Tinker

symbol 8 will be worth one dollar or

less that would be an 86 percent decline

from today and it'll be worthless and

delisted soon after that the shorts will

win what's the point of selling

the point of selling is the thing's

gonna go down I mean there's no

fundamental under eight that's why I

sold my ape units at over eight dollars

per share now why did I do that what did

I see and what was reality and boy based

on what the judge just said I hate to

say it but reality was even worse than I

anticipated

but first let's understand AMC and a

little bit of background about AMC it's

a movie theater during the pandemic they

took on a lot of debt and their sales

declined more people are willing to

stream at home and watch movies and

stuff at home because they got more

money to buy some big TVs and quite

frankly you didn't really have to go to

movie theaters anymore so movie theaters

have kind of been pained not only have

they been pained but because they took

on a lot of debt a lot of their cash

flow has gone straight negative let me

give you a brief Overlook of AMC AMC in

just the last three months has burned

237.3 million dollars that's burning

nearly 80 million dollars per month but

not only that their balance sheet which

shows how much cash and bills they have

shows they've got about 500 million

dollars in cash and they have some

receivables but they have 704 47 million

dollars of bills on their desk imagine

if somebody came to you and said hey did

you know you have 7 500 of bills on your

desk but only five thousand dollars in

your bank account now sure you work a

job and you got some money coming in but

you're actually losing 800 a month and

you still gotta pay those seven thousand

five hundred dollars in bills and you

got 5K in cash

that's a little bit of a problem you

might think to yourself well maybe I can

borrow some money maybe unless you

already did a lot of borrowing and

that's exactly the problem with AMC see

they pay about a million dollars per day

in interest not only do they pay about a

million dollars per day of interest but

they have corporate borrowings of

4.8 billion dollars in addition to that

even if they were to close down

non-performing stores they'd still have

these leftover operating lease

obligations of around 4.1 billion

dollars in other words this is a company

that really needs to raise capital and

that's exactly why the CEO of AMC says

hey look we need to raise money to be

able to survive and he's not wrong this

company absolutely needs to raise money

to survive if they don't raise money

they might not survive and he actually

makes a good point by saying look we

need to defeat the short Sellers and

take the bankruptcy risk off the table

by being able to raise money because

raising fresh equity in the near term is

critical to our company's success we

must be able to raise Capital otherwise

we'll go bankrupt just like Bank of a or

a Bed Bath and Beyond and cineworld or

the Regal Theater chain second largest

theater chain in the world

well now the AMC CEO and board want you

to believe that they are much smarter

and of course maybe they've been much

smarter because well CEO Adam Aaron has

been dumping stocks in fact he's sold

about 40 million dollars worth of stocks

since November of 2021 and just January

of 2022. in other words he dumped a lot

of shares in just a two-month period now

he goes and says that he's a hodler and

he was only selling shares through

pre-planned 10B 5-1 plans which is

really a fancy way of saying uh that's

my excuse for selling it was a plan a

plan that you crafted okay whatever but

is any of this really Sinister no no

this is just the backdrop but what did

the judge just say so here's what

happened at AMC

AMC tried to raise money in 2021 but

shareholders were unsupportive that's

because if you raise money usually the

stock price goes down but the company

knows they need to raise money so what

they did instead is they lowered the

number of board members who actually

need to vote to decide certain changes

or new proposals for let's say dilution

at AMC this is basically a way of saying

let's give more control to fewer people

and shortly after that first vote failed

they tried again to issue 25 million

shares to raise money but once again

shareholders said no thanks and AMC

decided fine we won't try to raise money

so obviously twice shareholders rejected

AMC's opportunity to raise money so

instead AMC came up with the most

beautiful elaborate ruse I've ever seen

in the stock market since the days of

Enron AMC announced they would issue ape

which is convenient because ape is what

people say about AMC oh I'm aping into

this I'm holding on to this because it's

gonna go to the moon it's gonna go to a

thousand dollars whatever what actually

stands for AMC preferred Equity unit

that's sort of the fancy legal name they

came up for it it was basically a stock

split it was essentially a way AMC would

say hey we're gonna car out some of AMC

stock and give it to you as ape however

we're gonna make ape rigged we're going

to set up ape in a way that's dirty and

so what ended up happening well

a the ape shareholder agreement said

that even if these Shares are

technically equivalent in economic power

we are going to say that in the event we

can't dump this stock and raise enough

money we are going to change the way

voting is done so think about this for a

moment to catch you up to speed you have

one big giant pie okay this is the

easiest way to picture it you have a

giant pie and that pie is AMC stock but

now what we're going to do is we're

going to carve out a section of that pie

and we're going to call a section of

that pie the ape stocks these are the

ape Amazon the AMC preferred Equity

units

these ape units are going to go on the

market under a separate ticker symbol

what we're going to do is we're going to

dump ape stock as much as possible so we

can raise money for AMC which AMC tried

to do but unfortunately failed they were

too slow in fact some of my original

videos covering ape I specifically

warned that the only reason these shares

existed was to dump on you and they

would end up reducing the value of the

ape shares dramatically which is why I

thought okay if you want to hold AMC

hold AMC but don't hold ape that was the

warning that I gave 10 months ago

but even AMC couldn't pull that off they

failed because they took about a month

to actually start trying to dump shares

they issued ape units around August 21st

of 2022.

and about a month in a week-ish later

AMC finally entered into a distribution

agreement with Citigroup to sell 425

million Apes we knew this would happen

unfortunately the campaign was

unsuccessful because by December Apes

were trading below one dollar per unit

forcing AMC to stop selling additional

Apes on the open market not a surprise

in fact that's exactly what we predicted

would happen and why holding ape shares

was a bad idea but that's okay because

the board knew there was a risk of this

and they came up with a different

strategy if we are not successful at

dumping these shares on the market what

if we have something else what if we

then say we have AMC shares but these

new ape shares we created have a little

asterisk on them and here's how this is

going to work

when retail shareholders vote in AMC

their vote counts so in other words if

you get 10 people who vote for an AMC

election and 90 people who don't vote

what do you end up having well you have

10 people who voted and if let's say six

of them said no raise in other words

rejected a money raise well now the

majority say no raise and then guess

what no raise AMC can't raise money

that's usually how shareholder elections

work it goes like the majority is based

on the number of people who voted so

even though a hundred people in this

example a hundred had votes only 10

voted 90 didn't vote of the 10 who voted

most said don't raise money AMC fine

well what if I told you there's a way

you could scam retail with ape shares

let's say a hundred had votes

10 vote and 90 don't vote but now what

we're going to do is we're going to

change what happens to the don't votes

the don't votes are now going to vote

automatically the same way the majority

votes

of those who vote okay so wait a minute

wait a minute this is a little bit

rigged what we're now saying is the way

this gets set up is if

six people are uh let's say uh a friend

of the CEOs and four people are retail

let's just say for ape holders right and

90 people don't vote now all of a sudden

96 people will automatically oops we'll

spell that correctly automatically uh

vote

the same way as the CEO's friend

now what do you have now you have a way

to control the election because you're

assuming that retail shareholders will

not vote and that assumption ended up

being correct retail shareholders do not

end up voting that is not a horrible

surprise retail shareholders generally

don't vote when's the last time you

voted in a shareholder election it's

very rare to actually vote as a retail

shareholder It's usually the vanguards

and the brokerages and the suits who

like to vote so did this actually happen

yes and it was even dirtier than what I

just described in fact

watch this here's the CEO's friend

they'll call them anterra capital and

the board happened to approve the sale

of 110 million Apes to their friend

anterra Capital now anterra realized

they were now holding the bag on apes or

a commitment to buy Apes that weren't

actually very valuable because they

realized these were going to get diluted

to nothing and they already mostly had

been diluted to nothing

now to make it look good and Tara said

they would agree to a lock-up agreement

that would keep them locked up for 90

days it says it right here at least 90

days so the CEO friend is like yeah yeah

okay we'll go ahead and buy 34 million

dollars worth of ape units on the market

and we'll commit to buying another 110

million and you know what we'll keep

them for at least 90 days

okay so now all of a sudden you have the

CEO's friend who's going to promise to

vote with the CEO

wait a minute where does it say that

Kevin oh it's the very next line it's

right here and Tara agreed to vote all

of its ape Holdings in favor of the

proposals the proposals being whatever

the CEO wants huh interesting okay and

the board specifically told anterra that

there was a good chance AMC would

basically get What It Wants through this

new ruse which is to raise Capital right

now this is where things get wild you

ready for this this takes a little bit

of a drawing out so anterra agrees to a

90-day lockup ready for this you agree

to a 90-day lockup now you have a

specific date of record that hits that

date of record says whoever holds shares

on that specific date gets to vote

and then what ends up happening AMC says

let's remove the lockup

and then guess what the CEO's friend

does they dump the shares wait a minute

is that what happened did the CEO's

friend come in promise to vote the way

the CEO wants holding the bag on

basically worthless ape units promising

publicly to hold the stocks for 90 days

only to basically hold them for a day or

so until the date of record of a

specific meeting that was coming up that

the CEO wanted this group of people to

vote in then AMC happens to remove the

lockup and then they dump their shares

oh interesting that's actually exactly

what happened the next day AMC announced

that it would hold a special meeting

within 90 days for stockholders to vote

on proposals on February 7th AMC issued

AP units called for by the AP or the

anterior transaction two days later

AMC waived the shareholder lockup

restrictions permitting anterra to dump

ahead of the meeting and then what

since the record date for the special

meeting was Feb 8 and Tara could still

vote on any shares that it had sold

it's a complete rigging But Not only was

it a complete rigging in that the CEO's

friend was basically able to pump and

dump you want to see it here it is

around feb9 look at that here's the pump

yay they agree to a lock up oh my gosh

the lock up gets waived oh they dump

pump and dump then you get the bleed out

it's like in our face pump and dump it's

just absolutely disgusting that this is

even legal this should be highly illegal

but then guess what ends up happening

well no duh only about 25 of

shareholders end up voting to agree

two

the dilution that AMC was proposing to

raise Capital however because of what

was known as the mirrored voting feature

which I described earlier because of the

mirrored voting feature where the people

who don't vote automatically vote in

favor of whatever the board wants

91 of ape units voted in favor of the

share increased proposal

and a majority of the stockholders and a

majority of the ape units did not give

any voting instructions at all let alone

in favor of the proposal this is a court

document written by a judge that

literally says the proposals passed only

because of the Apes mirrored voting

feature and anteras promised votes which

anterra had already dumped by rigging

the game

that is a scam

but folks I hate to say it it gets worse

because we need to talk about the

Practical next steps we already know

that this was set up as a scam think

about high level what we just talked

about AMC needs to raise money the CEO

is dumping shares knowing he's on a

sinking ship takes advantage of the meme

Movement by offering people an ape share

and an nft if you huddle your ape shares

then strategy number one let's dump as

many Apes as we can oh no we suck at the

stock market and we fail to dump enough

shares before it went basically to under

a dollar and we couldn't dump anymore

okay execute strategy number two which

is let's use the ape rigged voting

method to increase the number of shares

that we can control by authorizing a

merge of the AMC and ape shares but now

we have slightly more ape shares in

control and now we can vote whatever way

we want and we'll do that by calling up

our friends and allowing them to hold

these worthless shares for a few days

while obviously we get a commitment from

them to vote the way we want and make

sure to rig the entire election that's

basically what happened here but now the

question is what happens next is this

good for AMC or is this bad for AMC well

first after this ruling a lot of people

sent me messages and said this is great

the judge said AMC is not allowed to

convert ape into AMC this is actually

something I talked about 10 months ago

when I said look if you're a shareholder

of AMC you do not want ape to convert

into AMC because it's just going to

dilute you more and so a lot of people

cheered they're like this is great if

the judge just denied that ape could

turn into AMC that's good for AMC stock

well in the short term maybe that is

good but in the long term AMC is still

trending towards bankruptcy because you

saw the cash numbers right they got some

work to do but that's not actually what

the judge said see the reason a judge is

even involved here at all is because the

shareholders of AMC are suing the board

of AMC the shareholders are pissed

and in this proposed settlement where

basically the board settles with AMC

shareholders

the settlement calls for ape

shareholders taking a small haircut in

other words ape shareholders are going

to get slightly less of the new pie

after a settlement is created

well the judge says to cut to the chase

the settlement cannot be approved as

submitted because you can't release

claims for people who aren't actually a

party to this lawsuit and that's what

they're arguing now I'm oversimplifying

a bit here but basically they say here

you can't award more common shares to

stockholders at the expense of the ape

units without the ape folks being

represented in this lawsuit therefore

the settlement cannot be approved as

presented the court also says they're

not going to address any theories on

synthetic shares Wall Street corruption

dark pool trading insider trading Rico

violations and a request for a share

count the judge is not going to evaluate

any of that what the judge here

basically did is say look the settlement

the way it is not going to fly by the

way here's a background on how this how

this basically entire scam played out so

here's all of the the info for the world

to see I haven't seen anybody actually

break down all of these details yet but

as you can see it's pretty shady

so what does this mean going forward

well here's what it means number one

there's probably still going to be some

form of a settlement so this idea that

ape cannot convert to AMC in my opinion

is highly flawed there is likely to be

some kind of revised settlement where a

judge still authorizes some kind of

conversion

so any kind of conversion merging ape

into a is going to be bad for AMC stock

but AMC is already trending towards

bankruptcy so the best thing for AMC is

to be able to raise money and hopefully

be able to survive but it's very very

difficult now if you're holding ape it

might actually make sense to be

optimistic about ape because there is a

likelihood that ape which is currently

trading for 184 ends up merging into AMC

stock which is currently trading for

4.80 so there is a potential Arbitrage

here to buy ape and sell AMC however and

this is the risky thing if a and C

because of this trend towards bankruptcy

and how long this whole settlement

procedure could end up taking if AMC

drops to let's say a dollar

then you're still going to lose money if

you're holding ape and you're trying to

Arbitrage into AMC

so nobody knows exactly what's going to

happen but let's just put it this way

the board thinks retail investors are

stupid

and by thinking retail investors are

stupid they set up an elaborate way to

dump shares on you despite you as retail

investors saying no we don't want you to

authorize more shares they still did it

with ape shares dump those shares and

when that ruse failed they went to the

second one when you don't vote you

automatically vote the way we won and

we're gonna have our buddies who don't

even have to hold the bag vote in the

election on your behalf that is the

definition of Wall Street corruption in

my opinion