AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

Bingo! Very well stated! Spot on factual post. The preferred APE dividend, the current proposed conversion and Reverse Split (RS), and the pending vote would never have been necessary if the APES, in their ignorance and short sightedness, had not opposed issuing more AMC common shares in mid-2021 when AMC's share price was manipulated up to grossly inflated ridiculous values, as AA could have sold relatively few new AMC common shares in the $40-$50+ range and paid off/down most or all of the huge debt load currently crushing the company. APES have only themselves to blame. SMFH

The worst part is the revisionist history. They had a chance to allow AA to construct a sensible plan to address longer term debt but they were so lost in their own hurt feelings, delusions of Lamborghinis and $200 share prices, that they balked at the mere suggestion of the long term financial health of the company. Now they carry on as if this wasn’t the outcome that myself, yourself, and a few others foretold after the NO vote. Ape bodies piling up