#AMC#GME#TSLA#KOSS Part 2 of "The Recap" continuing into our dives of the SR-OCC-2021-003 rule:
Per the 801 rule section 3 and 4 were intentionally missing as it awaited the additional comments from SEC, OCC and its members in regard to items 3-5. So L2B what’s the
difference? Because people are saying this is about so many different things, I’m getting confused.
Let me go through each section so that I can help you make the connection:
First section 3 begins with the overall purpose of the rule itself…. “Amend the OCC’s rules, Capital
Management Policy, and certain other policies to establish a persistent minimum level of skin-in-the game that Occ would contribute to cover default losses or liquidity shortfalls.” I’m sorry what does that opening line sound like....I'm sorry, what rule might be? That is our
very own SR-OCC-2021-801 rule, but I digress. Section 1 further dives into the history that speaks about how the OCC established it’s own capital management policy in 2020 and how our foreign allies really did their part in persuading them to establish the so called “skin in the
game.” Now what probably confused most folks is that it talked about each of the above rule changes from the 801 within the 003 rule as a synopsis in section 3 under proposed changes. These changes were identical word or word changes as recorded in the passed rule on April 7,
2021. Because these rules were passed they were fair game to be included within the amendment to the 801 as the language was already approved by the SEC. Let me continue before I give you a conclusion with the final update in section 4. Which talked about how the changes will
affect competition. Well they don't, because all of the changes being made is for the OCC to establish it's own skin in the game by having a persistent minimum level of skin in the game not it's members or anyone else but it's own. So there is no competition at this point.
Okay so L2B I did this crash course with you on the SR-2021-801 and the SR-2021-003 rules. So what do I need to take that is so important….well for starters the SR-2021-801 rule was the advance notice rule filed and approved by the SEC on April 7. 2021. Second, the changes to
the rules have already been implemented so there is nothing additional that needs to be done on behalf of the OCC as they’ve already made the changes within their By-laws and Procedures. Third, the 003 rules intent was to provide you with the purpose and background knowledge of
the 801 and to give you a look as to why this rule was necessary. To be honest, the 801 rule was written because the OCC saw that its members were doing things that would cause it to have a lot of risk exposure. Why? OCC’s members were engaging in trading activities within the
Securities and Options markets that kept triggering the clearing fund. Changes needed to be made in order to help establish how we the people would be paid should the member get into a trade that they can’t settle. Finally, the 003 rule is used to describe capture and describe
the sentiment of members and their thoughts regarding competition.
I hope that helps you guys know that the SR-OCC-003 rule is in effect already through the SR-OCC-2021- 801. I’m sorry if folks led you to believe that it was going to change and or do something different from
when the original advance notice was filed. But in reality this rule was already in effect since April 7th, 2021 the SEC was just letting you know that sections 3 and 4 of the 801 were amended and approved at this time. I hope that helps let me know if you have questions.
#AMC#GME#TSLA#KOSS Alright, Good Evening Everyone and welcome to The Recap. I hope you all have had an amazing day thus far and I hope that you’ve been able to relax and enjoy all of the green we’ve had. Tonight, on the recap we will go back over “Skin-in-the-game” if you
remember from the video, I posted it talked about section 10 of the advanced notice. Now I’m going to help blow your mind a little bit as I talk about how the SR-OCC-2021-003 and the SR-2021-801 rules are 1 in the same. How the 003 fits into our “Skin in the game model.” Buckle
up and strap in as we take a dive into these rules. When we covered the SR-0CC-2021-801 rule a few months ago we talked about section 10 of the overall section of the SR-OCC-2021-801 rule. We said that the rule was to do each of the following:
1.Establish a persistent minimum
#AMC#GME#TSLA#OCGN#SOS - below is your ortex information for the morning: Here is the Cost to Borrow as we go into regular trading hours: Daily Max is listed first then daily avg:
My thoughts as we go into the morning: I hope and entrust you all have had a wonderful morning. I also hope that you all enjoyed that little after hours bump yesterday. It was pretty nice to watch. Now I know many of you who are holders of AMC are also worried about other stocks.
#AMC#GME#TSLA#KOSS#NOK welcome to sundays looking forward statements. We have so much going on right now but we must not lose site of the goal, the battle remains outside against the HF and MM and we need all hands on deck. This week is a big week and we have a busy schedule
Monday morning will come in like a wrecking ball in a good way. I’m hoping it’ll work in our favor as I suspect HF and MM will try to deal with other areas of the market. Tuesday is AMCs shareholder meeting bigs ups to the team their at AMC & @CEOAdam I know your team
Is working tirelessly to help us all even when folks don’t realize it. Two days later we have the SEC (@SEC_News) closed door meeting to discuss different topics but I surmise and I’m hoping it’s about our rules followed by the House financial committee meeting witnesses on deck:
#AMC#GME#TSLA#OCGN#NAKD alright part 3 here we go. Now were we left off in part two was discussing about TSLA and how we need their sales to match their forecasts. Why is this important from an accounting perspective and internally the company is looking at having strong
quarters as we emerge from the pandemic. I know a big part of that is the micro chips and supply chains when it comes to materials both importing and exporting them and it doesn't help that a lot of it has been hampered due to the pandemic. So tomorrow I'll listen in on the call
and hopefully I can give you some insight as to what to expect from the company going forward. #OCGN you are up...Wow can I just say you guys have held and held you all saw some massive gains last week so kudos to each and every one of you who are continuing to hold onto this
#AMC#GME#TSLA#OCGN#NAKD Alright Part 2 of the recap....so before I talk status lets talk timing. Now I know every week we have folks that have done a great job at hyping us apes up and letting us know that timing is really important. This has been a long process for all of
us as I'm sure many of you didn't expect to be here almost 4 months after the partial squeeze in January and our miniature squeezes that we've had over the course of the last few months. Now timing is really important and here is why. We are in essence waiting on three rules to
finish our own protection and cover that is the NSCC 002, 007, and the return of the 005 rule. Without these three rules we are missing added layers of protection. Now it is my thought that the SEC is going through these rules as we speak and is requiring these organizations to
#AMC#GME#NAKD#OCGN#TSLA alright good evening everyone and Happy Sunday to you all. While I'm buried up under the rule recap for both the YouTube channel and here, I wanted to answer a couple questions for you guys as I've seen a lot of comments come my way. So tonight's recap
we will go over your comments and questions going into the week. Before I get started can I just say you guys have truly outdone yourself. I have been in awe all week at the massive amounts of love here on my feed. I sit just at 4,787 followers and counting. I want to first
thank each of you as I wouldn't be here without you.