“It’s like being robbed in a library, but you can’t shout ‘Thief!’ because there are ‘Silence, please’ signs everywhere.”
The news sent the stock up a record 290% on Thursday, and it climbed another 59% on Friday. Volume of about 270 million shares traded in Thursday’s session crushed the daily average of about 634,000 — another indicator, Hamilton told MarketWatch in an interview Friday, of wrongdoing, given that the company’s float is just 10.9 million shares. “Clearly, that’s far more shares than we created,” he said.
Naked short selling is illegal under Securities and Exchange Commission rules, but that hasn’t stopped the practice, which Hamilton said affects far more companies than is generally known. Hamilton said the evidence gathered by Genius Group shows a great deal of the illegal activity is happening on U.S. exchanges, but there’s also activity happening off-exchange and involving dark pools.
Genius Group is not alone, said Hamilton. He cited among other examples Torchlight, an oil- and gas-exploration company that decided to merge with Metamaterial Inc. to thwart a naked-short-selling attack.
hey why not mention DRS DirectRegistration of shares for true ownership (not IOUs), locking shares from lending and shortselling? Incompetence or Collusive Distraction? asking for a friend...
Redflag if posted on market watch
Sureeee.... butttt Marketwatch is owned in part by Citadel. GnS board members work for other companies that have both Citadel and Ellis attorney on their boards... all a scam... trust nothing that anyone says they are lying to everyone. CASH GRAB!
To be fair, the GNS numbers are a bit meh. So I could see why some would bet against it in a recession. Its competitors will steal its lunch money over the next two years.
Market Watch promoting this now? 🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩
shortdestroyer 🤣🤣🤣
Hopefully we see change
Fudddd
shortdestroyer the clown that tells people there is no evidence of naked shorting just had to delete his comment because I called him out on his BS. He is the one that doesn’t know what he’s talking about. Evidence below $amc $gns $hlbz Lol!!!
Because quite frankly I'm sure CEO'S are completely fed up with the bullshit as well as the people supporting the company its amazing how you can have a huge majority of people get de bunkd on some monopoly money👍
Lmfao okay… if marketwatch is promoting this new grift, it 100% confirms this is a narrative that Wall St and the media are colluding to push. Anyway, buying more GME on Monday.
AMCstock2021 Sus
Seeing mainstream media pushing this just tells me one thing. There is more to this then meets the eye !! 🤔
GaryGensler SEC_Enforcement DOJCrimDiv Really sad that CEO’s have to do your focking jobs for you. I will be at the local Georgia SEC branch to check in.
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Ponzi scheme
I've been following this for over 2 years on AMC APE It's way too fast and seemingly like there's a messiah at work here. I do not trust the whole roast and remain faithful to my investment. We have already brought so much to light. GaryGensler The_DTCC DOJCrimDiv
Funny how you say short sellers yet this guy is claiming 'naked shorts' to bait retail yet neither one of you has provided any proof. Nobody say 'volume' either because this has already been debunked. Where's the evidence of naked shorts?
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