Paul retweeted
Big news football fans! Starting this Friday Dec 20, the College Football Playoffs will be playing at many AMC Theatres around the U. S. Do you have a 42 INCH television screen at home? Why not see these games instead on AMC’s 42 FOOT screens. Great football on giant screens!
Paul retweeted
#MargotRobbie keeps positioning herself as a champion for the theatrical experience.
After an insane bidding war for #EmeraldFennel’s #WutheringHeights, film produced & starred by Ms Robbie co-starring #JacobElordi for which #Netflix offered 150M, WB ended up winning it by allegedly “just” 80M.
Why letting 150M go to get 80M instead? Well, WB offered what interested the most to Margot Robbie, that #Netflix couldn’t: a global-wide theatrical distribution.
And no, #MargotRobbie isn’t leaving 70M on the table nor doing charity work just to help out exhibitors. There is one thing only theatrical films give to movie star: long term revenue, cultural impact & those juicy back-end deals with participation over #BoxOffice global grosses.
If the movie is a hit as the studios who fought for it think it’s going to be, Ms Robbie will consolidate respect from the industry for prioritising theatrical and make more money over it when it’s all said and done than it would accepting that 150M from Netflix.
Paul retweeted
Stunningly good AMC news: We successfully refinanced $1.6 billion of debt (with a plan for up to $850 million more). Was due to be repaid starting in 21 months. Now maturity dates extended to 2029 & 2030. We get years of added breathing room to build, grow and strengthen AMC.
Paul retweeted
More damning testimony Friday from former Archegos head trader William Tomita
"..Hwang yelled at Tomita for discussing possible trading parameters with compliance staff.
The trader became emotional describing how Hwang asked how he could do “something so stupid.”
Hwang said there was “no need to work with compliance on this because it was on guidelines,”
And testimony about how cut throat Wall Street can be when short sellers get in trouble
"..Hwang said short-sellers facing a January 2021 squeeze on GSX Techedu Inc., one of Archegos’ biggest holdings, wouldn’t be able to cover their positions because “I’m not going to sell to them at these prices,” Tomita told the jury.
He said Archegos owned about 75% of GSX shares at the time. “The fund had cornered the market,” he testified. “We owned all the shares.”
That GSX short squeeze helped produce a single-day paper profit of almost $4 billion for Archegos, Tomita said, and made the equity value of the firm around $20 billion.
After the market closed, Hwang told his traders to keep quiet about it, though.
He told them on a Zoom call not to discuss “how much money he had.”
bloomberg.com/news/live-blog…
It's been three years since Archegos, a family office, collapsed and you wonder if we learned anything
Why are the thousands of family offices still largely unregulated - despite the impact of Archegos $10 billion and its involvement in Credit Suisse's demise?
“It’s clear that Congress thought of family offices as being relatively small,” said Tyler Gellasch, CEO of Healthy Markets Association. “The Archegos collapse suggests that this assumption is now misplaced.”..
...The number of single family offices operating globally number at least 10,000, the majority created in the last 15 years, according to a 2023 report by Ernst & Young.
Thousands of these firms exist in the US with more than $2 trillion under management as of 2020, just before the Archegos collapse.
...In Hwang’s trial, Archegos’ Becker testified that he told UBS that the fund’s position in one stock, Viacom, was about 35% of its equity — when in reality it was more like 84%.
Prosecutors asked ex-UBS risk manager Bryan Fairbanks what he would have thought had he known the full scale of Archegos’ exposure to a single stock.
“We would’ve been horrified,” Fairbanks testified."..
bloomberg.com/news/articles/…
Paul retweeted
EXCLUSIVE: Singapore authorities are demanding more information from family offices and hedge funds while stepping up closures of dormant firms after a string of scandals. @avrilhongTV reports trib.al/rBnIWFY
Paul retweeted
I’m very aware of what the average retail investor has been saying about the need for greater transparency in our markets, stronger regulatory oversight and tougher penalties for market manipulation and criminal behavior. My administration will support the Ape retail rebellion and enact aggressive Wall Street reforms.
To match action with words, I just invested $24,000 in GameStop from the fees I earned from suing Monsanto for their knowingly poisoning our soil and causing cancer. I love the idea of making Monsanto support $GME and the Apes. We need a free and fair market. Let’s punish predatory short selling to the moon. By the way, I ride with you and I’m not leaving.
#ApesNotLeaving #ApesTogetherStrong #GME #AMC @TheRoaringKitty @StockRetail @KatStryker111 @Cancelcloco @BossBlunts1 @LanceKhazei @PeterRHann1 @Human_Augustus
Paul retweeted
Happy Easter everyone.
My good news on this Easter Sunday is that in March, the domestic industry box office finally turned upwards. The best March in five years.
This is so encouraging in looking at the movie slate deeper into 2024. Many superb movies are coming.
Paul retweeted
This is unusual.
Citadel Securities has been charged by the SEC for abusive short selling practices.
The SEC estimated that the firm marked millions of certain short sales as long sales and vice versa from 2015 to 2020.
The fine?
$7 million.
Paul retweeted
Handcuffs.
6. Tenev appears concerned. He responds by asking his CEO to try to set up a "chat" between Tenev and Ken Griffin, the CEO of Citadel.
This all happened the day before the restrictions on GameStop stock were put in place
popular.info/p/gamestop-revi…
Paul retweeted
Celebrities: getting full glam for the red carpet
Us: eating @AMCTheatres ready-to-eat popcorn in our PJs