Replies to post #107750 on AMC Entertainment Holdings Inc (AMC)

[Biobillionair]

That’s the actual wording….I was trying to dumb it down for the shorts to understand….thanks for posting the verbatim legal wording:

The AMC Preferred Equity unit will trade on the New York Stock Exchange under the ticker symbol “APE”.

Again thanks,

BB

If you hold AMC shares at close on Friday they convert 1:1 for APE, and on Monday that share trades at the price AMC closes at on Friday….I think the demand for AMC will be unusually high and the price will close higher than the current option chain suggests…keep your eye on the option chain for tomorrow…it’s going to be “sick”.

Meanwhile if you sell AMC shares tomorrow you don’t have to worry about that ticker going to the pink sheets….I assume it’ll will eventually be delisted and turn into a zombie stock.

[Biobillionair]

It all depends on how high AMC closes tomorrow….you’re very literal…thanks.

So if AMC closes at $100 tomorrow AMC will be $1 on Monday….is that an accurate example?

An AMC Preferred Equity unit is a depositary share with each AMC Preferred Equity unit representing a one one-hundredth (1/100th) interest in a share of AMC’s authorized Series A Convertible Participating Preferred stock.

Thank you for being the literal police…please check my math.

Thanks Again,

BB