Subject: S7-01-22: WebForm Comments from Phil McCracken
From: Phil McCracken
Affiliation: Investor

Jan. 27, 2022


January 27, 2022

Without Transparency and more reporting the SEC is turning a blind eye to economic treason, fraud and theft

Trillions of dollars is being stolen from investors and companies via naked and synthetic manipulation of Public company floats .

EVIDENCE

In the past (2nd quarter earnings call 2021) AMC shareholders were able to have their personal share counts verified via Plaid Financial Limited1 for an earnings call. Plaid Financial Limited communicated directly with the shareholders brokers and compiled an accurate count per shareholder for that earnings call via Say Technologies which collected questions to be asked of the AMC executive. One of our wiliest investors organized a question within the share count forum that we were all able to like and at same time the likes were added to question, the amount of corresponding shares to those likes (shareholders) was added up. Approximately 63 600 likes were accumulated corresponding to 67 900 000 shares. Average Shareholding was: 1067.61 shares per shareholder2. Although not a complete count, it is statistically significant sample evidencing to highly probable degree of significant synthetic manipulation, even by conservative estimates.

This figure contradicts significantly the one CEO Adam Aron stated on June, 10, 2021 via twitter (120 average)

It was a global count, not just shares held by those in the U.S. and Canada. The summary numbers were accurately rounded. We said that about (not exactly) 4.1 million holders each owned on average about (not precisely) 120 shares3

Despite the wide discrepancies and evidence suggesting that the average share count calculated via Plaid Financial Limited was indicative of a float extremely bloated with naked/synthetic stock, Adam Aron stated via twitter (30/07/2021) that the AMC executive were unaware of any information validating theories suggesting naked shorting of AMC4.

CEOs and Chairman should not run the risk of falling in their fiduciary duties to shareholders by the massive holes in the reporting data which allow such wide scale fraud. The current reporting requirements have bred a hotbed of fraud and manipulation.

The SEC should vote in favour of more reporting so they and companies can prevent fraud as opposed to the current arrangement of appeasement.


1 https://plaid.com/how-it-works-for-consumers/

2 https://protect2.fireeye.com/v1/url?k=31323334-50bba2bf-3132d782-4544474f5631-7d54e32c4e6f5d89&q=1&e=86ce7b24-30ab-4c93-ae19-40207c5dc711&u=https%3A%2F%2Fapp.saytechnologies.com%2Famc-2021-q2%2F%3Ffilter%3Dallsort%3Dnum_shares

3 https://protect2.fireeye.com/v1/url?k=31323334-50bba2bf-3132d782-4544474f5631-71492922b9345371&q=1&e=86ce7b24-30ab-4c93-ae19-40207c5dc711&u=https%3A%2F%2Ftwitter.com%2FCEOAdam%2Fstatus%2F1403186882637352962

4 30 of July/2021. https://protect2.fireeye.com/v1/url?k=31323334-50bba2bf-3132d782-4544474f5631-2c3ac4eb947ebc4c&q=1&e=86ce7b24-30ab-4c93-ae19-40207c5dc711&u=https%3A%2F%2Ftwitter.com%2FCEOAdam%2Fstatus%2F1421147257504686087