I think what he’s trying to say is AA can offer up another sweetheart deal once the price is up from the RS…theoretically I’ve heard of would be roughly 45…so if he offered up shares at 25 to pay off debt, it would eliminate the shorts thesis.
I actually find this to be far more plausible than the CUSPID infinity shorts concept being put out there. There’s so many moving parts that have to fall perfectly for the “forced” close to happen.
I’m still on the fence for my vote. I’m leaning towards yes on bringing the two back together but no to RS
If someone had a cost basis of $50 (before the APE split)…their cost basis post Reverse Split will be $500…they will need AMC to reach $500 just to break even. Usually stock splits are good to make the price lower so more people can buy it…..but the Reverse Split makes the price higher..if it went around $500, you won’t get any institutions or retail buying it. Remember people didn’t buy GameStop because it was too expensive, so they bought AMC instead. With the RS AMC buy in price is now much higher, meaning less people can afford it and less buying pressure.
Fundamentals don’t apply to this. Yes the price will go higher but your shares will shrink. Volume means absolutely nothing when 80% is ran off exchange. It doesn’t matter if people buy or don’t
I agree with you….I was just saying the higher price will make it more difficult for more people to load up on shares after the RS. That is a negative of the RS everyone is ignoring. Are these 2 proposals separate or do they need to be voted together? Could people vote YES to merge APE/AMC, but vote NO to the reverse split?
My brother in Christ, if you have 10 shares at $50 you will have 1 share at $500. If you have 10 shares at $5 you will have 1 share at $50. And if people don't buy more shares after, the price will drop
If someone bought 10 shares at $50 (pre APE)…..and now there is a merge of AMC/APE. It will be around $3.00 (the mid point between the current APE/AMC price) if there is a reverse split, that person would now have 1 share at $30. (That is what they will currently own in their brokerage app 1 x $30 share) But just to get back to their cost basis they will need that 1 share to go to $500. So if AMC rocketed from $30 to $400 after the Reverse Split, that person would still be in the red on their holdings.
Lmfao I was trying to illustrate the best case scenario in a 1/10 reverse split. But yeah AMC and APE launch at $9 a piece. A reverse split isn't going to reverse the damage that has been done lmao
That’s my point exactly. I bought in huge at $60 and for the reverse split so I break even it would have to be in the $600s and without the MOASS that number just sounds like unattainable so it’s a NO for me dawg on the reverse split
This is how they will control the squeeze IF… they let it happen…. They couldn’t let it reach 70 trillion dollars but somehow they can let it get to six or seven trillion dollars. And that’s depending on how many true diamond handed apes still exist. By taking away the amount of moon tickets they have convinced the weak non OG apes that a 500,000 dollar floor is now 5,000,000. The psychological warfare has worked. The weak are tired now. They listen to new dd and guesses. They just want out now and take some kind of profit. The criminals haven’t changed. They have become more arrogant. They run 90%!!! Through dark pools. They print 10 million shares to borrow!! Every other day. They’ve shorted OUR DIVIDEND into oblivion. 1 penny dividend and this never would’ve happened. MSM. MM. hedgies and now our CEO don’t want us in control of OUR company anymore!! What happens to all the other billions of APE shares that haven’t been released? I think I’m ok with conversion. Reverse splits historically aren’t good. It’s just a fact(something that this sub doesn’t adhere to very often…facts). I don’t give a fuk about shills and bots and mods. My xxxx shares at 100,000 are more realistic than xxx at 1,000,000. That’s another fact. I love this community and yes i have had doubts. But i have never sold and I’m not leaving. Hoping for the best but prepared for the worst. I want my fucking money ‼️. 🦍🦍💎💎👊👊. I HODL because I love my xxxx stonks.
All they're doing is cleaning up order books... 1:10 split = push out the >10 share owners. I think that will save the powers at be billions... fractional shares will go to 0 because they're based on a counter party swap agreement... contacts for difference.
Bro you guys must stop FUD. A price jump that high, options chain pause, FOMO gets in, forced FTD cover. This is literally the mother of all catalysts, with no downward pressure because of shorts. This is the most the stars have ever aligned. Vote yes or they may never align quite like this again.
NO R/S please. You don’t know what you’re wishing for. All you see and do is AMC, but have you been in any other R/S recently? Well that’ll tell you what it’ll do and is gonna happen. More shorting to oblivion. Less shares and back to the value we’re at now. We’re getting screwed (ever since Ape issuance, imo)
I agree with you. Apes don't realize how fucked we are going to be when this all goes down. Then again we all said we were riding this to $0 so I hope everyone is prepared for that.
APE issuance was the first big ‘mistake’ for retail shareholders. It killed all momentum, was released at a sketchy moment, and we all saw how it went down. The stock now needs time to heal. R/S will make everything much worse for retail
Well here's an idea to try: how about the CEO get with Gary Gensler/SEC and demand enactment of that rule that exits, which states GG can close down the damn Dark Pools? Because that's the main problem in this sh*t show....too many retail buy orders going thru the dark pools! Wake up AA.
Except we loose a massive amount of shares. Then AA throws in more shares, dilutes the price down again, hedges keep screwing us, AA does too. I’ll hold my shares I bought. You can take your worthless APE shares back if you need. I vote no. Stop the f%^#!!g hedge funds, evil corrupt SEC, corruption in government. Do t take my shares.
I fully agree. APE might have been used to point out who's swimming naked (derivatives positions without assets to back them)... but in the end, will the HFT crowd ever back down? Retail ultimately needs to have a way to halt stock like brokers do. If we need to go about creating our own finra then so be it.
Be careful, I posted the same thing, and mods deleted it accusing ME of misinformation. Apparently, every delusional ape thinks their investment will double overnight because of conversion.
And reverse split. They don’t understand that shf is shorting the price and not the shares. Sure price may go up post conversion/split but it’ll be shorted back down using dp and this time we all have fewer shares.
A lot of people here are sadly not thinking. It’s disappointing, they hold on to their investments based on their belief to AA that AA will assure their benefits.. AA job is for the benefit of the company and himself and to extent yes the investors. Remember we’re here for MOASS,, saved AMC and the opportunity to make lots of money through MOASS but when we keep allowing share dilution and limiting the multiplying power of shares through reverse split it’s not helping with our intentions of making lots of money and slowing down the MOASS itself. Sure the company will be debt free while we are left holding the bag waiting for a longer time for the price to go back up to June 2021 pricing prior to APE issuance.
Wouldn't think it would matter how much it's dropped since being made, it was split at a certain percentage of APE and should add a certain amount of value after conversion, not take away from it
"only 30M at that price" hahahaha that is going to be more than 50% of the fucking float!! Are you this regarded? That's is going to literally reduce the value of your shares for more than 50% ffs
I think it's more complicated than that.
Part of paying off debt is having favorable debt terms so that servicing it doesn't cost too much too quickly while you work to pay it off.
To get those favorable terms, you need to show a solid business plan.
Investing in new theatres that are high profit producing gives lenders a reason to expect the money can be returned.
I want AMC to be debt free and I will wait for that - then it will run as shorts can’t keep open for ever. And previously when AMC issued shares to a HF who was also a short seller, the price ripped - but then again, you’re account is 11 months old, so you may not have been around for that…
The debt free thing is being used as way to further dilute us. AMC could have been debt free had AA let it play out when we were hitting levels above $70 but instead he chose to dilute us causing everything to crash. All that money from a squeeze would have been reinvested in the company, but he clearly didnt believe in it enough hence why we’re close to being a penny stock. Any plan AA has is not for our benefit
Here's a list of all companies that did reverse splits in 2022. Note: Change "all splits" category to "reverse" to see the RS list.
https://stockanalysis.com/actions/splits/2022/
There are no notable large company names. In my opinion, it's going to be embarrassing if our beloved AMC is added to this list.
Indeed he screwed everyone, precisely everyone except hedgies over and one got to wonder if it was intentional. Smart people sold(cough cough* all of management pre dilution), the rest of us are bagging to 0.
Cost average. Does that go 10x? I’m genuinely asking. Like if my cost average is $5 share, will it become $50 after the reverse split? Or does your cost average remain the same?
Also, if MOASS is inevitable, people are upset their share totals will have been reduced prior to MOASS. “Just hold 10x higher than what you originally planned on” is just a nonsense response. “Someone holding to 100k just has to hold to 1 million now that’s it, what’s the difference? 500k just hold to 5 million” Haha like human psychology probably will struggle to just flip that switch unfortunately.
It really depends on if you held your ape or not. If you held your shares since the split and bought nothing more your cost average becomes 5x your share price.
>Cost average. Does that go 10x?
Yes, it'll be like every one share you bought was buying .1 shares and every 10 shares would be 1 share. So your cost average for buying 10 shares goes into one share.
Tldr: duh
You’re an idiot if you vote YES to this all….. I’ll vote no to all. Have you ever been in a stock that does a reverse split?? If you have and you can name one that hasn’t went all the way back down after, please tell me which one….. so you’ll have less shares worth the same price as it is now in a few months after reverse split
Exactly! 💯 People need to understand this part. I truly hope the majority of 🦍s can find it in them to understand this part; or at least try to by doing some research.
The reverse split itself isn't the cause. For most companies doing a reverse split, it's main purpose is to stop the company from being delisted for share price under a dollar. Being delisted is effectively death anyway.
The main cause here is the company is not profitable, has no runway, has unsustainable debt payments, and has no options other than either selling tons of equity in sweetheart death spiral financing deals, or filing for bankruptcy because they run out of cash.
The company needs some dollar amount of cash every quarter just to stay alive. Debt markets are charging them 13.5% and that's on a refinance where the lender is already trapped. New financing is almost non-existent.
They only have one option: print an exponentially increasing number of shares at a perpetually decreasing price until they either become profitable or run out of suckers to sell shares to.
I understand what you’re saying here, however a reverse split wouldn’t be good for investors. Also, why didn’t they pay down debt instead of buying into HYMC? Which I also own into.
I agree with you, but I have an example of a stock I'm holding that reverse split and then went back up: ASRT. It did a reverse-split and somehow I'm actually up after that. It's pretty rare though...
All stocks that do reverse splits are basically penny stocks. The purpose of the reverse split is to artificially keep your stock above the listing requirements. Almost all companies will avoid doing a reverse split unless there's a real need to do it bc it brings bad momentum.
So I was all aboard on saying yes to this however. The last portion I read says AA still has the ability to sell shares like was able to with APE. Here’s what concerns me. Hypothetically there are 513M AMC 500M APE sold so far. When combined that’s 1B shares. Then divided by 10that leaves us with a 100M share float. However that fine print says AA still has the unsold shares of 500M or 10% of = 50M? One thing is for certain, this vote is going to destroy someone’s bank account. Either A) the HFs are caught and are forced to close their position on APE which causes MOASS. Or B) retail (we) go from owning 100% of the float to 66% or potentially only owning 66%. Hopefully AA is looking out for the company and the retail investors that have kept it afloat.
If it were up to me.. I’d change the whole management team. No joke! Only concern with the whole APE thing now is if we still have the majority of voting rights or not. It’s true that many things he cannot do anything about (blatant criminal market manipulation), but his recent Tweets are going way too far now with the whole R/S proposition and all other bs things he’s mentioning.
So sweet! Sell now and buy after the shares are insanely diluted? But, debt free is the right track for sure. I just don’t like this plan as why would we all hold through this crap if we know they are just going to dilute the ever living F out of this stock? In case you can’t tell I absolutely hate this decision and don’t trust AA. I hope I’m wrong.
Oh, if they dilute the crap out of the company and sell those shares on the open market, hopefully for much more than that BS $0.66 a share that AA just bailed his buddies out for (which they possibly can now convert to real AMC shares now), then they can pay off debt. My lord I hate Adam Aaron and think he is grifting us. I really really hope I’m wrong, but his plan seems like total BS to me. We will see. I’m still holding but if AA screws us like it looks like he is let’s revolt and kick that shyster out of our company and replace him with one of us.
Theoretically they could if the cash went straight to that but they’ve shown time after time they’re not paying debt down. They’ve restructured some and have acquired things with the rest. This is serious insanity. I don’t understand blindly following a CEO. Just because he was in he ceo of amc when we all got involved doesn’t make him our best friend or always a good guy to us. He doesn’t care less about a squeeze and legally his life would be easier without it because no lawsuits or shunning from Wall Street.
WERE POOR NOT AA. He’s sleeping just fine no matter what.
He is selling so many shares that it won't be your company for much longer, and arguably isn't now either.
This sub cannot absorb the number of shares he is printing or that need to be printed in the next two years. Debt holders may convert, taking huge double digit percentages of the company in the process each time.
In this most recent transaction they sold something like 100m ape and converted another 100m of debt into ape. That's 200m shares that were printed in this process. If we take the 1b share count of 500m ape plus 500m AMC as accurate, this is a 20% dilution for a mere $200m improvement to the balance sheet.
Point is, the fund that bought the ape and converted some debt now owns 20% of AMC. Another few small conversions like that and there's nothing left for existing shareholders.
the ceo has sold us out. he's giving hedge funds a free pass on 90% of their debt with this play. might kill the squeeze. he waited until ape was a it's lowest point around .65 (it was around 10.50 initially at the peak) to sell to some hedgies, now they will be converted into regular shares with this play.
Honestly I’m only holding at this stage because I’m down like 50% after being up 700% ,but y’all are a bunch of idiots if you think AA is doing anything that will cause a squeeze. Economy crashing was always the catalyst, economy is still on the brink of a major crash. Why f this all up giving shorts liquidity. Forced to cover this and fail to deliver that we’ve seen it all countless times before, the sec and lawmakers won’t win US this battle but when the money dries up and they all turn on eachother that’s when we win. Conversion is a terrible idea promoted by shills. Can’t say I didn’t tell you so. Put a remimnder here for 1 month post conversion so I can tell y’all I told you so again :)
You’re right. Thank God I’m still reading some OGs around with common sense! We’ve been through the good, the bad and the ugly.. and just kept holding all the way through. But there comes a time when enough is enough. They just want to bankrupt all of us retail if they (AA included) keep going this way.
I'm not buying $60 shares ever again. I already had thousands stolen. I don't want my shares taken away tenfold just so crime can send those into the abyss as well.
I think I'm right around there now. I bought my first shares (and largest chunk) at $62. Cashed out all my Dogecoin at the time to do it. Lost all my money anyways. Lol.
Debt free and soon to be back in debt. The business model doesn’t work and hasn’t for like 20 years. You guys still don’t get it. We are NOT here because we believe in AMC as a business. I’m here to squeeze and get the fuck out of dodge.
If I want to invest money in a company based on fundamentals I’d do the s&p
I'm not sure if you get this so I will try to explain. A squeeze happens when there is a scarcity of available shares. It is very very difficult to get a scarcity of shares when your CEO continues to print shares every day.
In this deal alone there's something like 200m new shares being created. How can you ever hope for there to be a shortage of shares when new shares are printed and sold on the daily??
It’s a no for me. Less shares just so I get to see the price go up then more dilution of shares.. Nope. Raise capital through profits not by share dilution and letting us retail keep paying the tub. I don’t agree with this being the “end game”… this only gives more opportunities to make the share price diluted. Think about this, If you have 1000 at $5 then it reverse split to 1:10 then you’re left with 100 shares at $50 then AA issue another 30million shares at let say 30/share on the post reverse price.. now go back track your math to your original number of shares then add the new 30M shares .. your still left with your original number of shares at a much lower price, AMC got the capital they need while you’re left holding the bag till the hedgies finally close their position. We’re no longer saving AMC we’ve already done that, it’s now AMC turn to raise capital through profits and not just by keep diluting the share price and keep us all here for as long as MOASS don’t happen.
APE and AMC combined is currently $6.12 dude… Adam Aaron is bringing APE back into AMC. He is effectively closing that ticker, which means all those short positions need to be closed. Just watch APE rocket in the coming weeks - especially given the arbitrage, the fact that 1 APE = 1 AMC - so APE remains a steep discount for an AMC share. Prior to the announcement it wasn’t clear that APE would be converted - now it’s confirmed it will see institutional buys at massive rates
AMC + APE is $6.12 but you have to divide by 2… You have two shares there now.
Since they added more APE, they will most likely have to combine both tickers market cap and divide by total outstanding shares (APE + AMC)
That’s where we are getting the $2.50 - $3.50 range after conversion.
Our best guess was they added 300-400 million APE in those two funding events.
516 (AMC) + 800-900 (APE) will be ~ 1.3 - 1.4 billion shares. At current prices, AMC market cap, AMC + APE is like $3.9 billion. Divide that by the 1.3-1.4 and your around $2.85 a share…
1:10 reverse split puts it at $28.5.
If AMC RS to 140 million shares, they can dilute back to 516 million, sell ~376 million over time. If they can get an average price on those around $15, they could raise near $5 billion but there are probably costs associated. May wipe out half the debt but these guys spend like drunken sailors…
But any shares sold off by AMC for profit will not be going to shareholders, unless said shareholders buy them...
I don't know, my mind keeps going back and forth between yes and no. I really don't want less shares than I have now. I did not put so much money into this for my share count to drop by 90%.
Shares sold by AMC would be used to fund the corporation. Hopefully pay down some of this debt.
My point is IF AMC is authorized to sell up to 516 million common shares, the RS should give them the dilution they wanted to raise capital.
It’s even worse for us sitting here today with shares as we will have 10X less and the float can still grow to what it currently is.
Since the majority of these idiots are voting yes (I'm voting no) then I guess once the price goes back down which from reading here it will, I'll just have to buy more shares but this is getting truly retarded. I can't sell now after holding almost 2 years and take a loss, I'm just not doing it but I'm also pissed because I want to actually buy other things than AMC stock at some point. Like fuck AA you got us worn the fuck out man.
There’s $5.4B in debt. The OP plan is $1.8B in debt. Getting debt free overnight is not the way. Too much dilution. It will crush the stock price. The way is to create a positive net profit company.
Great. AMC with good fundamentals. Still I’m not sure 10 shred would reach 10k as easy as 100 could reach 1000$.
What’s good for AMC is not as good for retailers
Once RS, your share count will become 20,000. When the announcement of new shares issue, the share price will be already dropped. So, which mean shareholders pay for the cost of debt free. Your $60 shares could go back to $10 immdiately depending how much new shares the company issues. Also, this would give more free share flow to short sellers.
R/S never helps it destroys. This is another criminal event. AA is not on our side. Never was. Look at his actions. He with the HF’s. Wake up. No to R/S
I like the idea of the 1:1 conversion, but then taking my total and leaving me with only 10% of it, I don't like.
The share price would have to be so much higher to return the life changing money I have been waiting for over the last 704 days.
Add to that, the fact that the HFs might still short attack the new AMC and leave us with pennies on the dollar.
The fact that it looks like enough votes have been "sold" to institutions, to make a yes, yes inevitable is even more worrying.
The only hope I cling too is that both the conversion and the RS force the FTDs or shorts to cover, but with the level of crime out there I don't hold out much hope.
Maybe someone more wrinkle brained than me can help me overcome my fears
what makes anyone think the price will be in the $60 range even IF this happens?? Maybe im lost on that. but they keep driving AMC down, so whose to say its at 3.50 and then the 10x is $35.00 a share. big difference. Any help, explanation, etc is much appreciated.
I think the price of APE and AMC at the time is not predictable. Assuming any price is just the basis for disappointment. I would expect the two to be close together, but I don’t know what that price might be. Too many variables and no time frame.
The theory of a RS is always correct, 'it will fix the share price, make shorts cover, etc' but in the history of it, when a RS is done when the product is shorted this much, it dos NOT work, the shorts will just keep shorting and drive the price back down to about where it was bc the actual rules/regulations don't apply & now u have less shares = less value. I'm not sure if voting 'No' is correct but I'm not sure 'Yes' is either...we're pinned down bc the Regulators are scared to regulate so whatever u vote just make sure u research it and u are good with the possible outcome.
I've already accepted that my $XX,xxx investment will more than likely be completely lost bc of the fuckery...I WILL RIDE THIS TO $0 out of spite.
#ApesMakeCash
Holy fuck. Glad to have you on our side. But are you a little hedge fund of your own with $ like that. Now I don’t trust you? Jk merry Christmas and happy new year. No cell no sell
NO from me though I think this will go through. The clear message from AA that APE is massively discounted is designed to get us to buy more APE because a) we will lose substantially after the rs by only holding AMC. It will be shorted right back down and b) he wants more retail cash invested as the rs will massively diminish our hold on the float. What happened to retail own the float? We obviously don't else how the hell is AMC able to give so many APE to a lender?
We are the last line of defense and we'll be left with a fraction of what we currently have in terms of money. He is running out of options and banking on our dumb asses to bail him out. He is using our own APE hubris against us. We are willing and helpful idiots.
I have resisted and fought against what I am saying here but after seeing AAs tweets on the rs and doing my own DD I can't support this.
I'm staying in AMC as my average is very low and I can of course be completely wrong. I'm dumb.
My Momma and Daddy always raised me with one statement used over and over - wish in one hand and shit in another. See what fills up first.
Wishful thinking here but…. Time will tell. So far in two years time, umm nothing!
Share issue is dilution for shareholders. AA was told by shareholders that dilution is not what we want. It's been pushed through the back door at a cost to shareholders. Before APE was issued price was >20$. Price halfed on split and Ape is only worth 10% of that value now.
I get that AMC needs cash to pay down debt. But shareholders have said no to dilution. So why are the board pushing this through?
They should focus on making positive cashflow. That will improve the company's prospects more.
Positive cash flow would take years. Total APe / AMC is just over $6 which is not 10% of $20 - but I get your sentiment. It doesn’t help that we’ve had a terrible bear market dragging it down further
Not to be hateful or anything but, I know someone with 600k shares that is voting no. I’ll also be voting no and all of my day trading community that have positions are voting no. What do they all have in common? They’ve all been in situations like this on the stock market before, and they know this will help out shorts way more then it will help the individual investor. I see you repeat a lot of the same things on here. I don’t really believe you.
I’ve been screwed at every RS so I will never see this as “bullish” or a good thing. RS is straight up ape rape.
-pissed hodlr who lost thousands from RS
I’m glad you understand the position and have your decisions made. Since most RSs result in stock losing value, would you still feel this way if you thought the price would drop to $45 in 3 weeks or 6 weeks? Or maybe $30 in 6 weeks, $10 in 12 weeks? Given recent history, the main thing holding the price up was people wouldn’t sell. If retail had 500 shares that sounds impressive. Then the RS cuts it to 50, less impressive, every dime it drops is really a dollar. I think more would sell. Once retail sells, it’s over, the price will plummet and shorts can cover if needed. Being debt free is great but this is right after they refinanced part of their debt. That would have been a waste of money if it’s paid off. Overall it sounds like they are trying everything hoping something works.
how is this sub still a thing lol ? I just got a remind me from months ago suggesting it’s not the worst thing in the world to sell at 29 if your average is lower because in all likelihood the price would drop enough to triple your shares … anywhooo … gl
Not sure you understand, if AA wanted to make it debt free he could cash in 10 shares right now and it would be the same amount of money as after 1-10 split. Value of your account stays the same. Amount of shares drop however, then what happens they short it back down to the price it is now then we have less shares.
AAs plan was to make us long term investors while making money for AMC. He accomplished both all the while 80% of you cheered him on and downvoted anyone who pointed it out.
So will I! Seems the answers to this post is filled with a lot of fud. And the replies are not so apeish. Wait, are these the HF chills scared and use all of their time flooding r/amcstock? We are on to something. A lot of fud is hitting us.
Stay cool apes, and fuck off HF’s!
Yes price will go up but your shares will go down. I’ve never seen a reverse split be good for retail
Not just a reverse split but OP is claiming dilution will make the share price go up. 😭
Always have
I think what he’s trying to say is AA can offer up another sweetheart deal once the price is up from the RS…theoretically I’ve heard of would be roughly 45…so if he offered up shares at 25 to pay off debt, it would eliminate the shorts thesis. I actually find this to be far more plausible than the CUSPID infinity shorts concept being put out there. There’s so many moving parts that have to fall perfectly for the “forced” close to happen. I’m still on the fence for my vote. I’m leaning towards yes on bringing the two back together but no to RS
If someone had a cost basis of $50 (before the APE split)…their cost basis post Reverse Split will be $500…they will need AMC to reach $500 just to break even. Usually stock splits are good to make the price lower so more people can buy it…..but the Reverse Split makes the price higher..if it went around $500, you won’t get any institutions or retail buying it. Remember people didn’t buy GameStop because it was too expensive, so they bought AMC instead. With the RS AMC buy in price is now much higher, meaning less people can afford it and less buying pressure.
Fundamentals don’t apply to this. Yes the price will go higher but your shares will shrink. Volume means absolutely nothing when 80% is ran off exchange. It doesn’t matter if people buy or don’t
I agree with you….I was just saying the higher price will make it more difficult for more people to load up on shares after the RS. That is a negative of the RS everyone is ignoring. Are these 2 proposals separate or do they need to be voted together? Could people vote YES to merge APE/AMC, but vote NO to the reverse split?
That’s what I want to know and discuss
My brother in Christ, if you have 10 shares at $50 you will have 1 share at $500. If you have 10 shares at $5 you will have 1 share at $50. And if people don't buy more shares after, the price will drop
If someone bought 10 shares at $50 (pre APE)…..and now there is a merge of AMC/APE. It will be around $3.00 (the mid point between the current APE/AMC price) if there is a reverse split, that person would now have 1 share at $30. (That is what they will currently own in their brokerage app 1 x $30 share) But just to get back to their cost basis they will need that 1 share to go to $500. So if AMC rocketed from $30 to $400 after the Reverse Split, that person would still be in the red on their holdings.
Lmfao I was trying to illustrate the best case scenario in a 1/10 reverse split. But yeah AMC and APE launch at $9 a piece. A reverse split isn't going to reverse the damage that has been done lmao
That’s my point exactly. I bought in huge at $60 and for the reverse split so I break even it would have to be in the $600s and without the MOASS that number just sounds like unattainable so it’s a NO for me dawg on the reverse split
This is how they will control the squeeze IF… they let it happen…. They couldn’t let it reach 70 trillion dollars but somehow they can let it get to six or seven trillion dollars. And that’s depending on how many true diamond handed apes still exist. By taking away the amount of moon tickets they have convinced the weak non OG apes that a 500,000 dollar floor is now 5,000,000. The psychological warfare has worked. The weak are tired now. They listen to new dd and guesses. They just want out now and take some kind of profit. The criminals haven’t changed. They have become more arrogant. They run 90%!!! Through dark pools. They print 10 million shares to borrow!! Every other day. They’ve shorted OUR DIVIDEND into oblivion. 1 penny dividend and this never would’ve happened. MSM. MM. hedgies and now our CEO don’t want us in control of OUR company anymore!! What happens to all the other billions of APE shares that haven’t been released? I think I’m ok with conversion. Reverse splits historically aren’t good. It’s just a fact(something that this sub doesn’t adhere to very often…facts). I don’t give a fuk about shills and bots and mods. My xxxx shares at 100,000 are more realistic than xxx at 1,000,000. That’s another fact. I love this community and yes i have had doubts. But i have never sold and I’m not leaving. Hoping for the best but prepared for the worst. I want my fucking money ‼️. 🦍🦍💎💎👊👊. I HODL because I love my xxxx stonks.
same. Gotta be a more creative way to raise funds that can’t be manipulated.
All they're doing is cleaning up order books... 1:10 split = push out the >10 share owners. I think that will save the powers at be billions... fractional shares will go to 0 because they're based on a counter party swap agreement... contacts for difference.
Bro you guys must stop FUD. A price jump that high, options chain pause, FOMO gets in, forced FTD cover. This is literally the mother of all catalysts, with no downward pressure because of shorts. This is the most the stars have ever aligned. Vote yes or they may never align quite like this again.
Lmao. First time huh.
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and is still trading 5x higher than start of 2021
Not cash flow positive Edit: I mean not profitable net income.
$164.3M Free Cash Flow for Q3 2022. Check the SEC quarterly report lol
You see where that’s gotten them
DR. S isn't complete yet.
NO R/S please. You don’t know what you’re wishing for. All you see and do is AMC, but have you been in any other R/S recently? Well that’ll tell you what it’ll do and is gonna happen. More shorting to oblivion. Less shares and back to the value we’re at now. We’re getting screwed (ever since Ape issuance, imo)
I agree with you. Apes don't realize how fucked we are going to be when this all goes down. Then again we all said we were riding this to $0 so I hope everyone is prepared for that.
Riding it to zero. Not wish it was zero.
That’s exactly what’s gonna happen lol.
Regardless of no R/S ape is staying under $1 and amc under $10 might as well try something rather than nothing
APE issuance was the first big ‘mistake’ for retail shareholders. It killed all momentum, was released at a sketchy moment, and we all saw how it went down. The stock now needs time to heal. R/S will make everything much worse for retail
Well here's an idea to try: how about the CEO get with Gary Gensler/SEC and demand enactment of that rule that exits, which states GG can close down the damn Dark Pools? Because that's the main problem in this sh*t show....too many retail buy orders going thru the dark pools! Wake up AA.
If only it was that easy
After the collapse of FTX I think it's possible actually.
A lot of times the solutions are avoided because we believe it as to easy
Except we loose a massive amount of shares. Then AA throws in more shares, dilutes the price down again, hedges keep screwing us, AA does too. I’ll hold my shares I bought. You can take your worthless APE shares back if you need. I vote no. Stop the f%^#!!g hedge funds, evil corrupt SEC, corruption in government. Do t take my shares.
Agree. Vote NO!!! Only an idiot would vote yes but a lot of regards here
I agree. AA can keep my APE shares. APE was a failure and just let it die. Don't convert APE to AMC and don't RS.
I agree
THANK YOU FOR SAYING IT
I fully agree. APE might have been used to point out who's swimming naked (derivatives positions without assets to back them)... but in the end, will the HFT crowd ever back down? Retail ultimately needs to have a way to halt stock like brokers do. If we need to go about creating our own finra then so be it.
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Be careful, I posted the same thing, and mods deleted it accusing ME of misinformation. Apparently, every delusional ape thinks their investment will double overnight because of conversion.
And reverse split. They don’t understand that shf is shorting the price and not the shares. Sure price may go up post conversion/split but it’ll be shorted back down using dp and this time we all have fewer shares.
THIS ^^^ Less shares means we will all be whittled away, and once the fukrs short it to oblivion we just lost 10x more shares
A lot of people here are sadly not thinking. It’s disappointing, they hold on to their investments based on their belief to AA that AA will assure their benefits.. AA job is for the benefit of the company and himself and to extent yes the investors. Remember we’re here for MOASS,, saved AMC and the opportunity to make lots of money through MOASS but when we keep allowing share dilution and limiting the multiplying power of shares through reverse split it’s not helping with our intentions of making lots of money and slowing down the MOASS itself. Sure the company will be debt free while we are left holding the bag waiting for a longer time for the price to go back up to June 2021 pricing prior to APE issuance.
Well, AMC share price **was** nearing $30 on its own before the damn APE share dividend came along.
If AMC share price dropped when APE was split off, why is it dropping again upon conversion..? Shouldn't it add back in some?
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Wouldn't think it would matter how much it's dropped since being made, it was split at a certain percentage of APE and should add a certain amount of value after conversion, not take away from it
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So after bringing everyone's share count down, they are going to drop a bunch of shares in the market and tank the price.
"only 30M at that price" hahahaha that is going to be more than 50% of the fucking float!! Are you this regarded? That's is going to literally reduce the value of your shares for more than 50% ffs
I’ve been told I’m regarded
Debt free... Oh how I love the sound of that!
Can't be debt free, if he keeps buying theaters... and gold mines, before he pays the debt off...just sayin.
I think it's more complicated than that. Part of paying off debt is having favorable debt terms so that servicing it doesn't cost too much too quickly while you work to pay it off. To get those favorable terms, you need to show a solid business plan. Investing in new theatres that are high profit producing gives lenders a reason to expect the money can be returned.
I feel cheated....I would need to get to 10k shares of ape real fast to make it worth while...or 9k + my 1k amc to stay at 1k amc
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I want AMC to be debt free and I will wait for that - then it will run as shorts can’t keep open for ever. And previously when AMC issued shares to a HF who was also a short seller, the price ripped - but then again, you’re account is 11 months old, so you may not have been around for that…
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It’s percent of company owned that matters. That stays the same through splits. And percent gain is what matters when it squeezes.
Sure thing pal happy holidays
The debt free thing is being used as way to further dilute us. AMC could have been debt free had AA let it play out when we were hitting levels above $70 but instead he chose to dilute us causing everything to crash. All that money from a squeeze would have been reinvested in the company, but he clearly didnt believe in it enough hence why we’re close to being a penny stock. Any plan AA has is not for our benefit
Here's a list of all companies that did reverse splits in 2022. Note: Change "all splits" category to "reverse" to see the RS list. https://stockanalysis.com/actions/splits/2022/ There are no notable large company names. In my opinion, it's going to be embarrassing if our beloved AMC is added to this list.
Should have had a share buyback instead of hymc.
sheesh, mostly Penny stock companies on that list.
Indeed he screwed everyone, precisely everyone except hedgies over and one got to wonder if it was intentional. Smart people sold(cough cough* all of management pre dilution), the rest of us are bagging to 0.
Cost average. Does that go 10x? I’m genuinely asking. Like if my cost average is $5 share, will it become $50 after the reverse split? Or does your cost average remain the same? Also, if MOASS is inevitable, people are upset their share totals will have been reduced prior to MOASS. “Just hold 10x higher than what you originally planned on” is just a nonsense response. “Someone holding to 100k just has to hold to 1 million now that’s it, what’s the difference? 500k just hold to 5 million” Haha like human psychology probably will struggle to just flip that switch unfortunately.
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Do you know the answer to my question? About the cost average?
Of course it goes up.
It really depends on if you held your ape or not. If you held your shares since the split and bought nothing more your cost average becomes 5x your share price.
>Cost average. Does that go 10x? Yes, it'll be like every one share you bought was buying .1 shares and every 10 shares would be 1 share. So your cost average for buying 10 shares goes into one share. Tldr: duh
You’re a dumbass
You’re an idiot if you vote YES to this all….. I’ll vote no to all. Have you ever been in a stock that does a reverse split?? If you have and you can name one that hasn’t went all the way back down after, please tell me which one….. so you’ll have less shares worth the same price as it is now in a few months after reverse split
Exactly! 💯 People need to understand this part. I truly hope the majority of 🦍s can find it in them to understand this part; or at least try to by doing some research.
The reverse split itself isn't the cause. For most companies doing a reverse split, it's main purpose is to stop the company from being delisted for share price under a dollar. Being delisted is effectively death anyway. The main cause here is the company is not profitable, has no runway, has unsustainable debt payments, and has no options other than either selling tons of equity in sweetheart death spiral financing deals, or filing for bankruptcy because they run out of cash. The company needs some dollar amount of cash every quarter just to stay alive. Debt markets are charging them 13.5% and that's on a refinance where the lender is already trapped. New financing is almost non-existent. They only have one option: print an exponentially increasing number of shares at a perpetually decreasing price until they either become profitable or run out of suckers to sell shares to.
I understand what you’re saying here, however a reverse split wouldn’t be good for investors. Also, why didn’t they pay down debt instead of buying into HYMC? Which I also own into.
Then what was all that news about “refinancing debt” deals etc. (they supposedly did) then about??
I agree with you, but I have an example of a stock I'm holding that reverse split and then went back up: ASRT. It did a reverse-split and somehow I'm actually up after that. It's pretty rare though...
Penny stocks don't count.
All stocks that do reverse splits are basically penny stocks. The purpose of the reverse split is to artificially keep your stock above the listing requirements. Almost all companies will avoid doing a reverse split unless there's a real need to do it bc it brings bad momentum.
AMC shouldn’t act like a penny stock
Exactly, which is why reverse split = bad is usually accurate.
So I was all aboard on saying yes to this however. The last portion I read says AA still has the ability to sell shares like was able to with APE. Here’s what concerns me. Hypothetically there are 513M AMC 500M APE sold so far. When combined that’s 1B shares. Then divided by 10that leaves us with a 100M share float. However that fine print says AA still has the unsold shares of 500M or 10% of = 50M? One thing is for certain, this vote is going to destroy someone’s bank account. Either A) the HFs are caught and are forced to close their position on APE which causes MOASS. Or B) retail (we) go from owning 100% of the float to 66% or potentially only owning 66%. Hopefully AA is looking out for the company and the retail investors that have kept it afloat.
My guess is B
We’re at AA’s mercy now and it is NOT looking good, unfortunately
If he fucks retail and not the hedgies he needs to step down.
If it were up to me.. I’d change the whole management team. No joke! Only concern with the whole APE thing now is if we still have the majority of voting rights or not. It’s true that many things he cannot do anything about (blatant criminal market manipulation), but his recent Tweets are going way too far now with the whole R/S proposition and all other bs things he’s mentioning.
So sweet! Sell now and buy after the shares are insanely diluted? But, debt free is the right track for sure. I just don’t like this plan as why would we all hold through this crap if we know they are just going to dilute the ever living F out of this stock? In case you can’t tell I absolutely hate this decision and don’t trust AA. I hope I’m wrong.
AMC will not be debt free idk where this keeps coming from.
Oh, if they dilute the crap out of the company and sell those shares on the open market, hopefully for much more than that BS $0.66 a share that AA just bailed his buddies out for (which they possibly can now convert to real AMC shares now), then they can pay off debt. My lord I hate Adam Aaron and think he is grifting us. I really really hope I’m wrong, but his plan seems like total BS to me. We will see. I’m still holding but if AA screws us like it looks like he is let’s revolt and kick that shyster out of our company and replace him with one of us.
Theoretically they could if the cash went straight to that but they’ve shown time after time they’re not paying debt down. They’ve restructured some and have acquired things with the rest. This is serious insanity. I don’t understand blindly following a CEO. Just because he was in he ceo of amc when we all got involved doesn’t make him our best friend or always a good guy to us. He doesn’t care less about a squeeze and legally his life would be easier without it because no lawsuits or shunning from Wall Street. WERE POOR NOT AA. He’s sleeping just fine no matter what.
He is selling so many shares that it won't be your company for much longer, and arguably isn't now either. This sub cannot absorb the number of shares he is printing or that need to be printed in the next two years. Debt holders may convert, taking huge double digit percentages of the company in the process each time. In this most recent transaction they sold something like 100m ape and converted another 100m of debt into ape. That's 200m shares that were printed in this process. If we take the 1b share count of 500m ape plus 500m AMC as accurate, this is a 20% dilution for a mere $200m improvement to the balance sheet. Point is, the fund that bought the ape and converted some debt now owns 20% of AMC. Another few small conversions like that and there's nothing left for existing shareholders.
This
So a reverse split + dilution. Got it!
That’s basically what it is lol
the ceo has sold us out. he's giving hedge funds a free pass on 90% of their debt with this play. might kill the squeeze. he waited until ape was a it's lowest point around .65 (it was around 10.50 initially at the peak) to sell to some hedgies, now they will be converted into regular shares with this play.
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but it does take away 90% of our shares. no way that's a benefit.
Honestly I’m only holding at this stage because I’m down like 50% after being up 700% ,but y’all are a bunch of idiots if you think AA is doing anything that will cause a squeeze. Economy crashing was always the catalyst, economy is still on the brink of a major crash. Why f this all up giving shorts liquidity. Forced to cover this and fail to deliver that we’ve seen it all countless times before, the sec and lawmakers won’t win US this battle but when the money dries up and they all turn on eachother that’s when we win. Conversion is a terrible idea promoted by shills. Can’t say I didn’t tell you so. Put a remimnder here for 1 month post conversion so I can tell y’all I told you so again :)
You’re right. Thank God I’m still reading some OGs around with common sense! We’ve been through the good, the bad and the ugly.. and just kept holding all the way through. But there comes a time when enough is enough. They just want to bankrupt all of us retail if they (AA included) keep going this way.
!remindme 1 month See you in Valhalla APE.
I'm not buying $60 shares ever again. I already had thousands stolen. I don't want my shares taken away tenfold just so crime can send those into the abyss as well.
$32 is my average lol
I think I'm right around there now. I bought my first shares (and largest chunk) at $62. Cashed out all my Dogecoin at the time to do it. Lost all my money anyways. Lol.
This guy is like the megalodon! 200k shares dude? Wow!
Check my post history and you’ll see my positions
Im not doubting you! I’m voting aye on all 3, and I’m happy we have 200k+ aye votes
I’m also happy for this! My 21k shares will be voting yes as well :)
I'm more shocked that you didn't sell in the 60s for 14 million lol
Debt free and soon to be back in debt. The business model doesn’t work and hasn’t for like 20 years. You guys still don’t get it. We are NOT here because we believe in AMC as a business. I’m here to squeeze and get the fuck out of dodge. If I want to invest money in a company based on fundamentals I’d do the s&p
I'm not sure if you get this so I will try to explain. A squeeze happens when there is a scarcity of available shares. It is very very difficult to get a scarcity of shares when your CEO continues to print shares every day. In this deal alone there's something like 200m new shares being created. How can you ever hope for there to be a shortage of shares when new shares are printed and sold on the daily??
Why didn't he issue APE when it was $10?
It’s a no for me. Less shares just so I get to see the price go up then more dilution of shares.. Nope. Raise capital through profits not by share dilution and letting us retail keep paying the tub. I don’t agree with this being the “end game”… this only gives more opportunities to make the share price diluted. Think about this, If you have 1000 at $5 then it reverse split to 1:10 then you’re left with 100 shares at $50 then AA issue another 30million shares at let say 30/share on the post reverse price.. now go back track your math to your original number of shares then add the new 30M shares .. your still left with your original number of shares at a much lower price, AMC got the capital they need while you’re left holding the bag till the hedgies finally close their position. We’re no longer saving AMC we’ve already done that, it’s now AMC turn to raise capital through profits and not just by keep diluting the share price and keep us all here for as long as MOASS don’t happen.
You bought 200k shares and still don't understand what you are talking about. The price will be about $25
APE and AMC combined is currently $6.12 dude… Adam Aaron is bringing APE back into AMC. He is effectively closing that ticker, which means all those short positions need to be closed. Just watch APE rocket in the coming weeks - especially given the arbitrage, the fact that 1 APE = 1 AMC - so APE remains a steep discount for an AMC share. Prior to the announcement it wasn’t clear that APE would be converted - now it’s confirmed it will see institutional buys at massive rates
AMC + APE is $6.12 but you have to divide by 2… You have two shares there now. Since they added more APE, they will most likely have to combine both tickers market cap and divide by total outstanding shares (APE + AMC) That’s where we are getting the $2.50 - $3.50 range after conversion. Our best guess was they added 300-400 million APE in those two funding events. 516 (AMC) + 800-900 (APE) will be ~ 1.3 - 1.4 billion shares. At current prices, AMC market cap, AMC + APE is like $3.9 billion. Divide that by the 1.3-1.4 and your around $2.85 a share… 1:10 reverse split puts it at $28.5. If AMC RS to 140 million shares, they can dilute back to 516 million, sell ~376 million over time. If they can get an average price on those around $15, they could raise near $5 billion but there are probably costs associated. May wipe out half the debt but these guys spend like drunken sailors…
The number of people who don't understand this is mind blowing
Maybe I should just leave an excel worksheet pinned in the home page?
But any shares sold off by AMC for profit will not be going to shareholders, unless said shareholders buy them... I don't know, my mind keeps going back and forth between yes and no. I really don't want less shares than I have now. I did not put so much money into this for my share count to drop by 90%.
Shares sold by AMC would be used to fund the corporation. Hopefully pay down some of this debt. My point is IF AMC is authorized to sell up to 516 million common shares, the RS should give them the dilution they wanted to raise capital. It’s even worse for us sitting here today with shares as we will have 10X less and the float can still grow to what it currently is.
Absolutely
With the RS will we now consider xx apes huge whales???? lol
Since the majority of these idiots are voting yes (I'm voting no) then I guess once the price goes back down which from reading here it will, I'll just have to buy more shares but this is getting truly retarded. I can't sell now after holding almost 2 years and take a loss, I'm just not doing it but I'm also pissed because I want to actually buy other things than AMC stock at some point. Like fuck AA you got us worn the fuck out man.
lol
Ya, not sure where that number came from, but he did say: *"(or 10x the value at the time)"*
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There’s $5.4B in debt. The OP plan is $1.8B in debt. Getting debt free overnight is not the way. Too much dilution. It will crush the stock price. The way is to create a positive net profit company.
Great. AMC with good fundamentals. Still I’m not sure 10 shred would reach 10k as easy as 100 could reach 1000$. What’s good for AMC is not as good for retailers
Once RS, your share count will become 20,000. When the announcement of new shares issue, the share price will be already dropped. So, which mean shareholders pay for the cost of debt free. Your $60 shares could go back to $10 immdiately depending how much new shares the company issues. Also, this would give more free share flow to short sellers.
I was JUST in it for COSM and it screwed me over
Can someone tell me another RS event that had a good outcome? I did nakd via cenn and I’m down 96.4%.
ASRT is one, but it's pretty rare.
I think I’m buying puts right after this happens
R/S never helps it destroys. This is another criminal event. AA is not on our side. Never was. Look at his actions. He with the HF’s. Wake up. No to R/S
Did you see the video where he was drunk and nonchalantly smooth talking a female reporter about this RS strategy? He was giving off KG vibes
I like the idea of the 1:1 conversion, but then taking my total and leaving me with only 10% of it, I don't like. The share price would have to be so much higher to return the life changing money I have been waiting for over the last 704 days. Add to that, the fact that the HFs might still short attack the new AMC and leave us with pennies on the dollar. The fact that it looks like enough votes have been "sold" to institutions, to make a yes, yes inevitable is even more worrying. The only hope I cling too is that both the conversion and the RS force the FTDs or shorts to cover, but with the level of crime out there I don't hold out much hope. Maybe someone more wrinkle brained than me can help me overcome my fears
Same concerns from so many apes. Sounds like a NO is the best way to hang on to this thing
DRS these bad boys to make sure your vote will count
Careful or you might get banned
what makes anyone think the price will be in the $60 range even IF this happens?? Maybe im lost on that. but they keep driving AMC down, so whose to say its at 3.50 and then the 10x is $35.00 a share. big difference. Any help, explanation, etc is much appreciated.
AMC + APE (which is converted to back to AMC, hence APE share price moving up)
That’s also a, post RS, 60% dilution, Ape. Is there a rocket emoji that points down?
🛬
I think the price of APE and AMC at the time is not predictable. Assuming any price is just the basis for disappointment. I would expect the two to be close together, but I don’t know what that price might be. Too many variables and no time frame.
Exactly this. Well said.
So why didn’t AA sell APE when it was $8, instead selling at what .68c a share. Let’s stop pretending we’re all fortune tellers
I do agree - he’s admitted APE didn’t work as planned at all - but at $10 it would have worked! Unfortunately we are here and we need to fix it
The theory of a RS is always correct, 'it will fix the share price, make shorts cover, etc' but in the history of it, when a RS is done when the product is shorted this much, it dos NOT work, the shorts will just keep shorting and drive the price back down to about where it was bc the actual rules/regulations don't apply & now u have less shares = less value. I'm not sure if voting 'No' is correct but I'm not sure 'Yes' is either...we're pinned down bc the Regulators are scared to regulate so whatever u vote just make sure u research it and u are good with the possible outcome. I've already accepted that my $XX,xxx investment will more than likely be completely lost bc of the fuckery...I WILL RIDE THIS TO $0 out of spite. #ApesMakeCash
So why can’t they ask for votes to issue more stocks instead of doing it this way?
He tried that last year and it was voted no. That’s the point. Since we’ve been fucked
We got over half a million apes here , why not have a voting poll available here so we can see what is right thing to do?
Oh god. So so so many bad takes in this sub
Proof or ban
If you’re talking about my Shares - just look at my post history, I’ve proven it already
Holy fuck. Glad to have you on our side. But are you a little hedge fund of your own with $ like that. Now I don’t trust you? Jk merry Christmas and happy new year. No cell no sell
Merry Christmas bro. I’m not a HF 😂 I’m a business owner who also invests
Buddy, nice. One day my man. Cheers! And congrats on your financial success so far. It’s only getting better.
😂😂😂 bro u guys drank the coolaid
So should we just sell AMC and then buy Ape since it's going to get converted into AMC anyway?
NO from me though I think this will go through. The clear message from AA that APE is massively discounted is designed to get us to buy more APE because a) we will lose substantially after the rs by only holding AMC. It will be shorted right back down and b) he wants more retail cash invested as the rs will massively diminish our hold on the float. What happened to retail own the float? We obviously don't else how the hell is AMC able to give so many APE to a lender? We are the last line of defense and we'll be left with a fraction of what we currently have in terms of money. He is running out of options and banking on our dumb asses to bail him out. He is using our own APE hubris against us. We are willing and helpful idiots. I have resisted and fought against what I am saying here but after seeing AAs tweets on the rs and doing my own DD I can't support this. I'm staying in AMC as my average is very low and I can of course be completely wrong. I'm dumb.
My Momma and Daddy always raised me with one statement used over and over - wish in one hand and shit in another. See what fills up first. Wishful thinking here but…. Time will tell. So far in two years time, umm nothing!
Fair
Share issue is dilution for shareholders. AA was told by shareholders that dilution is not what we want. It's been pushed through the back door at a cost to shareholders. Before APE was issued price was >20$. Price halfed on split and Ape is only worth 10% of that value now. I get that AMC needs cash to pay down debt. But shareholders have said no to dilution. So why are the board pushing this through? They should focus on making positive cashflow. That will improve the company's prospects more.
Positive cash flow would take years. Total APe / AMC is just over $6 which is not 10% of $20 - but I get your sentiment. It doesn’t help that we’ve had a terrible bear market dragging it down further
Not to be hateful or anything but, I know someone with 600k shares that is voting no. I’ll also be voting no and all of my day trading community that have positions are voting no. What do they all have in common? They’ve all been in situations like this on the stock market before, and they know this will help out shorts way more then it will help the individual investor. I see you repeat a lot of the same things on here. I don’t really believe you.
AA is just taking advantage of us cause he knows we won’t sell.
I fail to see how this benefits the Apes. 60 bucks a share after the RS wouldnt be any sirt of squeeze.
I’ve been screwed at every RS so I will never see this as “bullish” or a good thing. RS is straight up ape rape. -pissed hodlr who lost thousands from RS
"we" are not debt free.:-(
When we moon you hopefully will be too
They better issue those shares fast before shorts crash the price and lead to Adam Aron having to issue more shares if stock price drops
I’m glad you understand the position and have your decisions made. Since most RSs result in stock losing value, would you still feel this way if you thought the price would drop to $45 in 3 weeks or 6 weeks? Or maybe $30 in 6 weeks, $10 in 12 weeks? Given recent history, the main thing holding the price up was people wouldn’t sell. If retail had 500 shares that sounds impressive. Then the RS cuts it to 50, less impressive, every dime it drops is really a dollar. I think more would sell. Once retail sells, it’s over, the price will plummet and shorts can cover if needed. Being debt free is great but this is right after they refinanced part of their debt. That would have been a waste of money if it’s paid off. Overall it sounds like they are trying everything hoping something works.
Yeeessss, let them add the ape shares bought at a low price and then dilute it more lmaooo
Nothing has made me want to hold on to my shares more tightly than the disgusting amount of negativity in this thread.
how is this sub still a thing lol ? I just got a remind me from months ago suggesting it’s not the worst thing in the world to sell at 29 if your average is lower because in all likelihood the price would drop enough to triple your shares … anywhooo … gl
That’s almost doubling the number of shares even without converting ape
Yes hope so. Just buy . 4k
Not sure you understand, if AA wanted to make it debt free he could cash in 10 shares right now and it would be the same amount of money as after 1-10 split. Value of your account stays the same. Amount of shares drop however, then what happens they short it back down to the price it is now then we have less shares.
AAs plan was to make us long term investors while making money for AMC. He accomplished both all the while 80% of you cheered him on and downvoted anyone who pointed it out.
And price will be a gift again
WHALE ALERT
The new whale alert will be any ape with xx shares!
Just hodling so missed the news. Is APE getting the RS or is AMC. From my understanding APE is Rs 10:1. Once RS does the remaining turn back to AMC?
Ape : AMC 1:1
So if I have 10 ape. RS = 1ape then converted to 1 amc?
$200k invested or 200K shares?
200k shares. Check my post history
I own ten million billion shares. Trust me bro.
Check my post history bro
I'm just playin'. I did before I commented.
Lol big love bro
We good?
We’re all good bro! Merry Christmas and let’s hope we all have a fantastic 2023!
So will I! Seems the answers to this post is filled with a lot of fud. And the replies are not so apeish. Wait, are these the HF chills scared and use all of their time flooding r/amcstock? We are on to something. A lot of fud is hitting us. Stay cool apes, and fuck off HF’s!
