AMC Entertainment Holdings Inc (AMC)

[fung_derf]

Well I was going to ask why this stock is tanking, but there's the answer.

AMC now has the green light to proceed with the conversion of APE shares to AMC shares and to execute its planned reverse stock split. Nearly one billion outstanding APE shares will join the 519.19 million AMC common shares, pushing AMC's total share count to approximately 1.514 billion. In other words, current shares will be diluted by about 90%.