BTW, AMC had no real debt in 2015 when AA took over the helm of AMC Company as its CEO. He then spent AMC money like a drunken sailor running up the AMC Company debt to $4B by 2016. Several years before COVID hit the AMC theaters, meaning his COVID excuse for the $5B in debt does not hold water. If you dont believe me go check TheMarine most recent DD video on YouTube. So its on AA's head to payoff the $5B in debt, its not the shareholders responsibility to pay this debt off with 90% of their shares being taken away.
BTW AA claims that he wants to do a Reverse Split to avoid getting the AMC shares delisted from NYSE.
Well he could not be any more wrong in this conclusion and argument on delisting.
Right now the AMC stock price is north of $4 and APE is north of $1. In order to be delisted from NYSE you have to trade 10 consecutive days under $1. When that happens you get a warning letter from NYSE saying you have to bring the price up over $1 for 10 consecutive trading days and you have 180 days/6 months period to accomplish these 10 consecutive trading days. Even if you can not meet these 10 consecutive trading days above a $1 price you can ask for another 180 days extension to get your stock over $1 at which point you really have 1 year from the time you get the first warning letter to the time they physically delist you from NYSE.
So AA is simply LIEING to you APES in saying he is trying to avoid the delisting of AMC/APE shares when there is NO danger of being delisted in 2023. I know this because this is what is going on with MULN stock right now for several month since its been trading under $1 and they have not been delisted yet. In fact, their board voted against RS at this time hoping they can bring the stock value organically over a $1 in a few weeks.
ITS ALL A BIG FAT LIE BY AA, HIS REAL REASON FOR THE RS IS HE WANTS TO WIPE OUT 90% OF YOUR SHARES SO WE THE APES DO NOT HAVE THE VOITING POWER TO TELL HIM WHAT TO DO AND HELP HIS NAKED SHORTING FRIENDS ERASE 90% OF THEIR COUNTERFEIT SHARES. THAT IS THE TRUTH OF WHY HE WANTS TO DO A REVERSE SPLIT.
IF YOU VOTE YES FOR THE REVERSE SPLIT YOU WILL COMMIT FINANCIAL SUICIDE AS AN AMC INVESTOR. A KIND OF MISTAKE YOU WILL NEVER FORGET OR FORGIVE YOURSELF.
BE SMART AND VOTE NO ON DOING THE 10 TO 1 REVERSE SPLIT.
THINK ABOUT WHAT I AM SAYING PEOPLE.
THANK YOU FELLOW APES
GLTA AMC APES.
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