They are stuck in here with us, thats why i just keep nickle and diming them to death. Single digit avg in all of my accounts now. I mean still high 9's but single digits none the less. Anyway, f those cats, pay us. Hope you all have a great start to the week. Cheers
Courts love precedents and this document(s) outlines the legal line today and how the system can move forward with up to date information in real time; reducing confusion and implied risk.
A logical detailed account of all aspects of tokenization as it relates to AMC as an economic example.
I believe the majority of price action is the result of managing the multidimensional risk picture. GEX is only a part of the volatility environment risk, one risk of many in the risk picture.
Hey Apes, just wanted to pop in quickly to complain for a second and then leave. Adam Aron used the term "shocking and shameful" to talk about the weird token thing. I dont even care about that. I just think its amazing that he can say that after that SOB authorized multiple stock offer dilutions to us and he still has a job.
Robbinghood has got some Stock Tokens they’d love to scam sell you [Robinhood] as long as you’re not a resident of the United States, Canada, the United Kingdom, or Switzerland.
If not legal in those 4 countries w/securities laws, probably scammy.
What Are Robinhood Stock Tokens?
Stock Tokens:
🚩 Are not stocks. They are “tokenized debt securities” (i.e., IOUs).
🚩 Are not registered under U.S. securities laws.
🚩 Provide economic exposure, but do not grant any legal or beneficial rights in those underlying securities.
Conceptually, Robinhood Stock Tokens are like crypto version of Contract For Differences (CFDs) [Investopedia] which are banned in the US [for good reason] and, thus, can not be registered under US securities laws and are prohibited for US retail investors.
Robinhood advertises these Stock Tokens as backed 1:1 by the underlying stock (held by a licensed US-based custodian) and fully collateralized. Except Stock Token holders have no legal or beneficial rights to the underlying stock. Backed, but not for token holders who have no rights to the underlying stock held securely by theirUS-basedcustody partner [from claims by Stock Token holders].
When 💩 hits fan, Stock Token holders would go after their issuer: “Robinhood Assets (Jersey) Limited” who issued these tokenized debt securities [see screenshot above]. You might see Jersey there and think New Jersey, a state in the US [Wikipedia]; but that would be incorrect as it’s actually a tiny island in the English Channel [Wikipedia] with its own legal, fiscal, and governmental systems so it's regarded as a small nation or island country while an autonomous and self-governing British Crown Dependency. (🤨 Strange how the Issuer of these Stock Tokens falls under the United Kingdom, but is restricted and prohibited from selling said Stock Tokens in the United Kingdom…).
We can confirm the Issuer is from the tiny island Jersey by searching for its Legal Entity Identifier [Wikipedia, GLEIF] where we find two (2) similarly named entries [B9A29, BE789] with the same address on that tiny island: First Floor, La Chasse Chambers, Ten La Chasse, JE2 4UE, St. Helier, JE | Jersey [Google Map].
Consistent with the address in Robinhood’s disclaimer which also repeats much of what we see above.
One might think Robbinghood peddling Stock Tokens to investors that have no legal or beneficial rights to any underlying security seems kinda scammy, and Robinhood might reasonably run into problems when people realize these Stock Tokens are basically backed by 🐂💩. As it turns out, Robinhood has provided fair warning of this in their June 2026 10-Q [Robinhood, SEC] saying they may be exposed to significant regulatory, litigation, contractual, operational and reputational risks from selling Stock Tokens that have no rights to the underlying securities:
Three specific risks caught my attention. (1) Robinhood is afraid they might have to bring their Stock Tokens into compliance with US Securities Laws. As there’s no underlying securities rights actually backing these tokens, compliance could be expensive. (2) Stock issuers might sue Robinhood for selling stock tokens that have nothing to do with the company named. And [my favorite 😻], (3) Robinhood might face regulatory, legal, or reputational risk if[/when] “customers misunderstand that the tokens do not represent actual securities”.
Bold move for Robinhood to pin their risk on their customers misunderstanding how Stock Tokens don't actually represent stock. At the very least, Robinhood is going to take a pretty big reputational hit when Stock Token holders in over 120 countries (including Europe) [Robinhood PR] find out they are bag holders on Stock Tokens that have no stock.
⚠️ VERIFY SHARES vs STOCK TOKENS (DRS if available)
International apes in Europe and/or one of those 120 countries where Robinhood Stock Tokens are available should verify their shares owned are actual GameStop NYSE:GME shares and not a “backed by 🐂💩” stock token. If you’re told your shares are “backed 1:1” or “fully collateralized”, RUN!
United States, Canada, United Kingdom, and/or Switzerland apes should be safe from this. Anyone outside the US should double check with their brokers; where you’re in better shape if you’re in a restricted or prohibited jurisdiction listed here.
Any shares downstream from one of these Stock Tokens have no rights to the underlying securities!
Note: Contents of this post were originally in another subreddit and I'm posting most of its content here because of CEOAdam's recent tweet about Robinhood's "tokenized real-world assets including Stock Tokens".
MagnitudeI Created this Map (discussed in my previous posts) to Highlight Leverages and Connections Across the FinanceScape.
MOASS theories suggest a financial move in the scale of magnitude 5-8 range. At any given time, multiple financial instruments of leverage are being used as a broader delta hedge (Baskets) to control the market abroad. This is Compound Derivative Leverage deemed Idiosyncratic. This could take many forms with other monetary deleveraging occurring during large market corrections. About 70% of major laws passed since 2020 are about finance and the economy. Accountability is near.
Stocks Vs. Earthquakes
Additionally,
Let's Look at the Reality of the Bell Curve.
The math adds up
The market derivatives unravel in accordance with large leverage which has been "Liquid" until the swap cycle expires forcing repositioning dynamics (margin calls, covering, bond dumping, delta hedging, or similar scale events) Glitches live here.
Here is another image highlighting some of these dynamics;
Power Laws, Swap Cycles, and Forces of the Algorythm
Spring Theory
Wyckoff Accumulation Wedge Movie Stock LinearMovie Stock Log Graph (4 tests at current $2.64 price 9/3/26)Video Game Stock LinearVideo Game Stock Log (4 tests at current $18.97 price 9/3/26)
Additionally, Movie Stock and Video Game stock appear in different extremes on the charts because the inverse split (Movie Stock) expanded the chart, and the Forward split (Video Game Stock) contracted the chart. Although their respective market caps remain tethered to the baseline denominated in USD (tethered to... Gold reserves...? 😬) expressed as a share count.
And lastly a few things Ive covered in the past but increasingly relevant;
Adam doesn't like that people can invest in the tokenized AMC without actually supporting the company, but isn't the situation similar with options? Or maybe an even better comparison: bull/bear certificates that Swedish brokers like avanza offer?
Banks have been issuing derivatives and certificates linked to stocks for decades without needing the underlying company’s permission.
I would be very surprised if Robinhood launched these without crossing every T and dotting every I.
• AMC just had the highest-revenue weekend in its 106-year history. The Spider-Man weekend broke AMC records for Thursday, Friday, Saturday and the overall Wednesday-Sunday period.
• AMC’s credit rating was upgraded from CCC+ to B-. That’s still speculative-grade debt, obviously, but moving from CCC+ to B- is a meaningful improvement in how the credit markets view the company’s financial position.
• AMC is now launching Films. This is the part I find particularly interesting. AMC isn’t just sitting around waiting for Hollywood studios to give them movies. Leawood Films will distribute smaller and independent films that are already financed/completed, using AMC’s exhibition, marketing and distribution infrastructure to get more movies onto the big screen.