If you vote yes to the AA proposals, like the 10 to 1 Reverse Split (RS) this is what will happen:
Lets look at the problem from the 50,000 foot level:
1. The shorts want the AMC APES/shareholders to sell their shares in the single digits so they can close their billions of Illegal Naked Shorts Positions. Looks like the shorts are getting their wish now thanks to Adam Aron's (AA) proposals.
2. AA wants to control the AMC company completely and does not want to ask the AMC APE shareholders for approval to do things. In other words he wants the AMC APE shareholders gone or in the minority voting position not the way we are now in the majority voting position.
- Last year he wanted to dilute the AMC shares to raise money and we voted NO.
- Last year he wanted to give himself and his management team a big raise and
we voted NO. We said our AMC shares did not grow in value this year why should we give you a raise?
Problems created by AA with these current proposals for AMC shareholders:
1. AA wants to convert APE shares into AMC shares to make an APE share equal an AMC share. This is causing the APE share price to run up now while the AMC share price is running down some. We will see at what price point they both reach equalibrium. This might be a good thing for the APE shareholders. Time will tell since I do not have any concern one way or the other.
2. AA wants to take the combined (AMC + APE) shares into new AMC shares and do a 10 to 1 reverse split (RS). By doing this move AA accomplishes in wiping out 90% of the shareholders stock holding which has the following impacts:
a. Current APE shareholders are fearfull of this 10 to 1 RS move and they will sell all of their AMC and APE shares before the vote/action is taken. As a result of this action.
b. shorts get their wish and close their positions with massive profits in the single digits AMC share price.
c. AA continues to dilute the AMC shares by selling it to HFs/MMs causing the APE shareholders to become the voting minority shareholders in the AMC Co so their future vote will have no affect on the AMC Company decisions. That is why he sold 200M APE shares to HFs at an all time low ($0.66) with a promise for HF to vote his way and create the majority vote.
d. AMC stock goes from $5 to $50 in price and AA gets a personal bonus pay for the $50/high AMC stock price from the AMC Company management Incentive program.
e. Shorts get an open check/ticket to Naked short AMC stock price again from $50 back down to $5 as a Rinse and Repeat process. I am sure this cycle will repeat except this time with the APE shareholders' value droping with 90% of their shares are gone/erased from existance.
f. No future retail investor will buy into AMC shares again and only dumb institutions might buy, considering the existing institutions will also be wiped out since they are shareholders.
g. AMC will have a blood bath record as a company that destroys shareholder's value. If the shorts don't run the AMC Co into bankruptcy this negative reputation certainly will.
THIS IS A LOSE, LOSE, LOSE PROPOSITION FOR EVERYONE POSITIVELY ASSOCIATED WITH THE AMC COMPANY.
h. All AMC shareholders will be literally wiped out if we all vote and approve this 10 to 1 RS.
Your last chance to survive in this AMC company which is run by a Con Artist, Crook, fraud and thief who has sold/thrown you under the bus to the enemy (Ken Griffin king of Shitadel HF/MM) shorts. AA has made a deal with the devil (Ken Griffin) to attack the AMC APES this way. We all know what AMC is doing business wise so AA actions/proposals are not justifiable for 1 second. IMHO.
Conclusion: Approving this 10 to 1 RS is the KISS OF DEATH to the AMC Company. In this case, with 4 million shareholding APES impacted it will destroy the AMC company and put all its management in bars in the eyes of the world.
If you vote for this RS it will be the last significant, impacting vote you will ever make in the AMC Co.
Remember I warned you fellow beloved AMC APES.
GLTA AMC APES
MAY GOD GIVE YOU THE WISDOM TO CHOOSE WISELY.
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