Bingo! An issuance of more common shares back in 2021 when AMC was selling at inflated values way up in the $47 - $60 range after the squeeze, which equates with $470 - $600 now post-RS, would have provided shares to raise a ton of cash to pay down or off the debt dramatically, and would have alleviated the need for the workaround the year later with the APE preferred shares, and there would never have been a need for the reverse split. But, as you so correctly now state, the APES stupidly and vigorously opposed it and shot it down.
Shareholders had the chance to turn AMC around back in 2019-2020, but they voted the increase in shares DOWN. What AA recommended. $AMC could have turned the page years ago, but shareholders (APES) voted no.
MMS ALWAYS THREATEN INSIDERS THEN MAKE A DEAL. YOU KNOW THIS SIMPLE FACT RIGHT? INSIDERS KEEL OVER AND GIVE NEAR FREE SHARES TO MMS ON THE BOTTOM, THIS IS HOW THE CRIMINAL SYSTEM WORKS.