To The Moon

Stock Market News: AMC FTDs top 16.5 million year-to-date
AMC's FTDs have skyrocketed this year.
These FTDs (failure-to-deliver) are millions of orders unaccounted for in the lit market.
An FTD happens when a party is unable to deliver a tradable asset or meet a contractual obligation in a transaction.
Naked short sales and selling an asset without borrowing it first are two of the leading causes for failures to deliver.
I'm going to break down how many FTDs AMC has had every month this year so far.
“AMC Naked Shorting - AMC Failure to Deliver
AMC Entertainment Holdings, Inc. has had millions of FTDs this year.
Here they are broken down per month.
January 2022: 2,016,672
February 2022: 3,138,919
March 2022: 6,011,866
April 2022: 4,326,160
May: 2022: 1,091,540
Total: 16,585,157 so far.
The dollar amount of these FTDs mount up to hundreds of millions of dollars.
The alarming number of failure-to-delivers in AMC goes to show institutions shorting AMC stock are getting away with fraud.
They are creating naked shares to short AMC stock by essentially writing checks out that end up not clearing, resulting in FTDs.
In the process, short sellers are able to make profit without any accountability.
March had the highest amount of AMC FTDs so far with more than 6 million being recorded.
In March we saw AMC surge past $34 per share before it was halted and suppressed alongside GameStop, which surged to $199 per share.
The grand scheme of naked shorting has been the most blatant market manipulation in finance history.
Yet regulators such as the SEC can't seem to plug the loophole.
It's up to retail investors to demand change in the markets to level the playfield.
NSCC-2022-003 could be a start to eliminating fire selloffs and potentially limiting naked short selling.
But it's not enough.
The retail community must continue to raise awareness of these predatorial market conditions in hopes to create real change for all participants.”
Note:Comments from Frank Nez Blog 06/06/21
I'd love to know what you think?”$AMC Entertainment(AMC)$