Dad, Hubby, Citizen, Cocktail Enthusiast/Bar Builder, Stock Dabbler... and just b/c it’s funny doesn’t make ‘em Dad jokes!?
East Coast
Joined August 2020
- Tweets6.2K
- Following2.6K
- Followers946
- Likes76.6K
Pinned Tweet
Why we still desire the movie theatre experience in our lives… give a lil’ listen to Quentin Tarantino // Hey AA ~ maybe he’s the next face for AMC!?🍿 teapaw.org/colbertlateshow/status… @CEOAdam #SaveAMC #AMCtogetherStrong #AMCArmy #StayTheCourse #AMCtothemoon #AMCMovieTheatreExperience
Quentin Tarantino makes the case for why people should still go to theaters to see a new movie release. #LSSC
They called it circular financing.
It’s Hot Potato with better marketing.
Nvidia funds the customer.
Customer buys the chips.
Money returns as revenue.
Repeat.
Now the pieces are lined up.
Guarantees on top of equity on top of capacity commitments.
One real shortfall in outside demand and the circle stops being a game. —
It becomes a chain reaction.
Hot Potato ends when the music stops.
Dominos start when the first one tips.
Pick your metaphor. The setup looks the same.
I genuinely don't know how much longer they can keep this quiet.
Someone I know in a VERY senior position in the Federal Reserve has just told me something extremely concerning.
Apparently today's market collapse has triggered a liquidity crisis at one of the largest financial institutions in the country.
The issue is AI infrastructure debt, not their equity exposure.
Billions in loans are secured against projected data centre revenues that simply don't exist.
And apparently they've been using the projected revenues from those SAME data centres to justify further borrowing.
He described it as "a circular financing structure." WTAF does that mean???
The bank has reportedly approached the Fed for emergency liquidity. Officials have apparently been instructed to avoid using the words "insolvency", "contagion" or "AI bubble" in any written comms.
The Treasury is involved. So are at least four other banks, and a bunch of top hedge funds.
My contact says they've been quietly preparing emergency measures for a market event that could make 2008 look insignificant.
I asked how much money would be required to stabilise the system, and he said they don't know yet.
He thinks the total stimulus required to prevent the majority of Americans losing their homes, is greater than the current national debt of the United States.
WAKE UP. JUDGEMENT DAY IS HERE.
On Sept 4 —
Robinhood’s AMC token traded as high as about $18 while the actual AMC share remained around $2.50.
Then, over roughly 18 hours, the token supply jumped from about 158,000 to approximately 1.5 million⁉️
That is the event worth focusing on and maybe not
1.5 million new AMC shares, but roughly 1.3 million new units of AMC-linked exposure.
Here’s where people may be getting the mechanics wrong. The tokens were not necessarily minted to stop AMC from going up. They appear to have been created because the token itself had moved far above the price of the stock it was supposed to track.
When a wrapper trades at a large premium to the underlying asset, creating more units is one way to bring the price back down. More tokens enter the market, and the premium can narrow.
If this were a clean one-for-one creation process, the trade would be straightforward: buy the real share, mint the token, and sell the token. That process would create buying pressure in AMC. It would not cap the stock.
So no, this event does not prove that Robinhood used the token to suppress AMC’s price.
The more important question is this: when roughly 1.3 million tokens were created in a single day, did 1.3 million unencumbered AMC shares also appear in custody at the same time?
Or did the system expand the synthetic exposure first, with questions about custody, locates, and securities lending left for later?
“Backed 1:1” is not the same as “owned, locked, and unavailable for lending.” That distinction matters‼️
Sept 4th did not prove that fake AMC shares were created. It did show that Robinhood could expand a separate AMC-linked market very quickly without changing the $AMC shareholder register.
Follow the share. Follow the token. Follow the collateral. Then follow the borrow.
——
Incoming inverse Cramer missile 💥
Topgolf Signs Multi-Year Partnership with Pro Golfer John Daly fsrmagazine.com/industry-new… -- Congrats John!
“This is a hybrid. This is a cross, ah, of Bluegrass, Kentucky Bluegrass, Featherbed Bent, and Northern California Sensemilia. The amazing stuff about this is, that you can play 36 holes on it in the afternoon, take it home and just get stoned to the bejeezus-belt that night on this stuff.”
🎃👻 $GMEWS: WALL STREET’S HALLOWEEN PARTY COUNTDOWN 🩳👺💨
🔐 “Notice of Guaranteed Delivery” — may be a signal of an exercise process being prepared, not evidence that the warrants are destined to expire unused.
OCT 30: Exercise deadline. Pay the $32 strike. Submit the required notice.
NOV 2: Final delivery deadline for valid guaranteed deliveries.
The twist? You can guarantee delivery later. You CANNOT postpone the exercise decision.
And when the clock strikes…
TIME
🖥️
YOU.
🎃 Who brought the REAL warrants?
👻 Who’s dressed up as a holder?
🪑 And who’s scrambling to grab a seat when the music stops?
The costumes come off. The settlement obligations remain. And that Halloween makeup? Same dye they use in exploding bank bags‼️
Trick or treat, Wall Street.
🪄✨🦄
$GME $GMEWS 🍿🚀
Just went down the EDGAR rabbit hole after @dirtevader flagged that “Notice of Guaranteed Delivery for Exercise of Warrants” has only been used 11 times across 8 companies in 25 years.
What happened to the others:
• Enovix → ~26.5M warrants exercised, ~$232M raised
• Cassava Sciences → >$125M in proceeds
• Occidental → ~42M warrants exercised, ~$893M
• Abacus → ~88% of warrants tendered
• Cryoport → ~1.6M warrants exercised for ~$4.8M
• Spire Global → 87% of public + 100% of private warrants exchanged
6 out of 7 (GameStop still pending) saw real exercise or conversion activity. Not a coincidence.
GameStop just filed the their notice ahead of the Oct 30 expiration. Stock is still under the $32 strike, but the language matches the ones that actually got exercised.
Bought another 3k this morning. Yeah, I’m a bagholder. Holding through Oct 30 either way.
$GME $GMEWS $BBBYQ #BBBYQ
Elon sent Einhorn red satin shorts with “sexy” spelled out. A personal/public F.U. for his heavy short position on $TSLA
Ryan doesn’t have to mail anything ~ just a kids game of musical chairs.
He holds 3.7M free warrants.
He keeps buying the common with his own cash.
He says nothing about exercising or selling them.
On Oct 3, shorts of the common owed a real warrant.
Most filled it by shorting the warrant. The “Double Short.”
$GME issued ~59 million once
They can be borrowed… BUT they cannot be manufactured.
Borrow has been 500–750%:
• Expiration is fixed
• Only real warrants can be delivered
• No new supply
• No easy FTD escape hatch👀
When the music stops, every short still has to find a real chair or write a check.
RC doesn’t need to announce anything.
The clock does it for him.
Under $32 the warrants die and GME keeps the shares.
Over $32 they have value and the company can take the cash.
Either way 🗝️ the short side of the warrants settles against a finite pile. No trick plays for ole SHFs… warrant shorts must close. ALL MATTERS MUST SETTLE.
Not a pair of sexy satin shorts in the mail. Just a hard deadline and no more chairs.
Eleven days.
👻🪑Happy Halloween Shorty‼️🩳👺
It’s rerating time!
TIME
YOU.
$AMC finalizes $2 billion debt refinancing
— Deal closed October 5, 2026, combining new note issuances with repayment of prior debt
— Includes $355.5 million of secured notes
— Plus an additional $903.4 million in notes
— Marks a significant restructuring of the company's financial obligations
Not financial advice.
AVENGERS: Endgame
(in) $AMC: Encore (of 2021)
✨🍻🍿✨ #AMCTheaters
They called us foolish.
Said the shorts were already covered.
Already closed — long ago.
Now they’re walking the dog back.
“I challenge Warren Buffett to a thumb war.” 🤙
It was probably a joke. Remember, it was when Musk v. Zuck were challenging one another to a cage match. But the Buffett reference fit a broader comparison: Cohen, like Buffett, emphasizes cash, patience and optionality. “Gameshire Hathaway” is community language, not a corporate claim.
Almost a year later, on June 3, 2024, BRK.A briefly printed at $185 👎 despite trading near $630K. The NYSE identified it as a SIP error and canceled the trades.
At the same time $GME, $AMC and other securities were caught in a broader LULD halt cluster. That does not prove a connection. It does show how quickly a market-data failure can create an impossible story on the screen. Especially, on heavyweight gaslit “memes.”
GME had already begun moving in early May. Keith Gill’s return to X accelerated the rally, with GME eventually reaching $64 amid repeated halts. AMC moved alongside it, more than doubling during the same two-session window.
Both companies then raised capital into the demand: approximately $933 million for GME and $250 million for AMC. The attention helped, but the market’s liquidity made those offerings possible.
Then there was April.
Barclays-related DTCC/OTC registry activity involved the legacy Lehman identifiers LEHM and LEIM. Barclays inherited Lehman’s North American investment-banking and capital-markets infrastructure in 2008.
That is not proof of a live Lehman liability, synthetic GME exposure (Ripley) or a connection to the Berkshire print (“Believe It or Not!”).
It is simply a reason to examine the clearing and settlement plumbing more closely.
Now back to our current timeline…
The same chin rubbing applies to the number $9,000,100 paid anonymously for what may have been Warren Buffett’s final charity lunch. The figure echoed the 9,001,000 GME shares Keith Gill disclosed in 2024, separated by only 900 shares. But, it reads, oh so matchy-match!
There is no evidence linking the bidder to Cohen or Gill.
It may be Cohen’cidence. The Apes saw it as a possible signal.
What’s documented is narrower —
Cohen challenged Buffett.
GME and AMC later moved sharply.
Gill returned publicly 🐈⬛🐈⬛
Both companies raised substantial capital.
Berkshire briefly printed at an impossible price -Down 99%!?
And an anonymous bidder paid $9,000,100 for a seat at Buffett’s last table dance.
That is not proof of a hidden connection. It is enough to justify questions, and that Pepperidge Farm always remembers.
Because the screen said $185
— The transfer books did not.
What remains… Legendary‼️
Is the Crim Jammer trying to reverse his inverse?!
@jimcramer says @gamestop is a buy 😳 $GME
Hell has frozen over lmao
(at 1:40 in the clip)
cnbc.com/video/2026/09/17/li…
James Sullivan retweeted
I want to extend my highest praise to Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, for the wise decision — perhaps a better characterization being the brilliant decision — he announced today on behalf of the SEC about Stock Tokens.
The SEC granted a five year period of experimentation on this topic in U.S. markets. In doing so, the SEC laid out some inviolate and unequivocally annumerated conditions:
The SEC highlighted that “Investor Protection Is Not Optional.” The SEC clearly laid out that even as it puts forward an “Innovation Exemption,” the SEC has an implicit right to govern on this issue. This means that at least within the U.S., there is an underpinning that appropriate regulatory bodies can regulate
as they think is needed. I believe that over the last full century, investors have best been protected when U.S. regulatory bodies have been involved and U.S. securities laws have been applicable. Thank you, SEC.
The SEC also emphasized that there can be “No Synthetics.” Any such Stock Tokens must carry full voting and dividend rights. No synthetics is such a vital and basic concept. Thank you, SEC.
Also of crucial importance, the SEC mandated that “Issuers Can Object.” It said that issuers of stock must have the opportunity to object and prevent their security from being trading on a Tokenized Securities Venue if companies so choose. This puts companies in charge of their own securities and capital structures, not brokerage houses. Thank you, SEC.
I applaud what the SEC did today. Bravo!
And @vladtenev and @dangallagher I note that at Robinhood you accepted and supported the SEC’s ruling today. I call on you now to adhere to the exact same standards internationally. How hypocritical would it be if Robinhood’s stock tokens abroad were to differ materially from stock tokens in the U.S. on these hyper-important matters of investor protections, synthetics and issuer objections.
Adam Aron
Chairman and CEO
AMC Entertainment
First, the vocabulary. Wall Street hides in the words.
—A stock is the company. You own a piece. You get the rights attached to that share, including the vote.
—A derivative is not the stock. It is a contract tied to the stock. Options, futures, swaps, and perps… different wrappers, same basic idea: exposure to the price without necessarily owning the shares.
—A swap is a private contract: “I’ll pay you what AMC does. You pay me something else.” Two sides exchange outcomes. The AMC share itself does not have to move. A future puts that contract on an exchange: “We settle this on a date.” Still price. Not ownership.
—A perp (perpetual future) rips the date off. You stay long or short the price until you close. Funding payments help keep it tied to the market. Crypto built that market and now they’re bringing the concept toward regulated U.S. stocks⁉️
So: Stock = ownership. Derivative / swap / perp = exposure.
Now the big • What If?
What if 2021 never fully resolved their short problems?
Remember the Congressional hearing. On February 18, 2021, Robinhood CEO Vlad Tenev, Citadel CEO Ken Griffin and Melvin Capital CEO Gabe Plotkin all sat before the House Financial Services Committee over the GameStop/AMC episode. And the plumbing was right there in the record: Robinhood routed retail orders to Citadel Securities and received payment for that order flow.
Important distinction: Citadel Securities was the market maker. Melvin was the hedge fund. They were not the same business. Citadel also helped recapitalize Melvin after the January 2021 losses.
So the 2021 picture was already pretty damn interesting: retail flow into Robinhood, Robinhood’s orders going to Citadel Securities, Melvin sitting on the other side of the short exposure — and then all three CEOs sitting before Congress.
Now fast-forward.
In July, Citadel Securities put $400 million into Crypto.com, valuing it at $20 billion. Then on September 8, Robinhood announced a deal with Crypto.com and its newly spun-out derivatives platform, OG.com, while taking equity stakes in both companies.
And now, September 17: Crypto.com’s U.S. derivatives exchange has registered to trade security futures, opening the door to single-stock futures. Crypto.com says it is also working toward single-stock perpetual futures in the U.S. 🤯
That’s a lot of plumbing moving into the same neighborhood. Mr. Rogers be damned.
And then there’s $AMC.
The token is marketed as 1:1 AMC. The paperwork says it’s a note. The underlying shares can be lent. Other collateral can enter. No AMC shareholder vote comes with the token.
You see AMC.
You don’t own AMC.
Then there’s the perp. AMC price exposure with no expiration. A short can remain open indefinitely as long as it stays funded and meets the venue’s margin and risk rules. It’s economic short exposure without the same lifecycle as a conventional borrowed-share short. 🔐👀
Now step back.
Citadel Securities➡️ Crypto.com. Robinhood at➡️ Crypto.com + OG.com. OG.com➡️ regulated derivatives infrastructure. Crypto.com➡️ single-stock futures and pursuing single-stock perps. Robinhood➡️ AMC linked token exposure.
None of that, by itself, proves coordination.
But it creates one hell of a What If?
What if the 2021 plumbing — retail flow, market making, AMC exposure — didn’t disappear? What if it evolved? What if the wrapper and the derivatives venue are simply new pieces of the machine?
What if this isn’t just a new product?
What if these companies are deliberately building a mechanism to circumvent AMC share ownership — and that’s exactly what remains the question, not an established fact?
That’s the What If?
Not proof. But there’s enough documented plumbing here to ask the question. The receipts are simple. Show locates. Show the lent-share inventory. Show custody chain. Show the reconciliation‼️
Pay attention @CEOAdam
Citadel Securities put $400M into Crypto.com in July
Now Robinhood is taking stakes in Crypto.com + OG as OG moves into single-stock futures/perps
Combined with Robinhoods AMC token lending setup, this deserves scrutiny 🎯🧐🔎⚖️
At least you can eat these… get exposure!? Just like tokens, you can’t see how they’re made or what’s inside.
Why buy these tokens anyways? They don't give any ownership exposure to the actual stock.
@vladtenev says it very clearly: its Stock Tokens “provide economic exposure to underlying securities” but give the token holder no legal or beneficial rights in the underlying shares
Intelligence, compassion, and courage. The APE community of investors has come a long way over the last 5 years!!!!! $AMC @CEOAdam #AMCTheatres #ChokeOnThat
