If he ends up giving out 700 million of them and only some 515 offiical shares exist that would confirm sythentics and all the problems that came along with FTD's.Question: How does this Ape thing help the pounce?
Sounds like AA is sympathetic towards us. I don’t think he intends to dilute the stock until the shareholders are happy with the share price.If he ends up giving out 700 million of them and only some 515 offiical shares exist that would confirm sythentics and all the problems that came along with FTD's.
Also, this is a long term dillution risk so if pounce hope it happens soon because this might backfire a little.
So, closed at over $22. I like where this is headed! All that said, what will be the valuation of the APE shares when it's actually listed, do we have any idea?
Ive been so busy Im falling behind.
On Reddit, some people are saying their brokers have already decided they won’t be sending the actual ape to their clients, but a 1 penny cash dividend. This will be a blood bath.Ive been so busy Im falling behind.
I think its supposed to be a penny a share at start, but its going to be listed as offical stock so it can for sure go up from there. If I catch up on more details I will post.
Damn!!!!On Reddit, some people are saying their brokers have already decided they won’t be sending the actual ape to their clients, but a 1 penny cash dividend. This will be a blood bath.
105k were in the money, I assume (no way to confirm) a bunch probably started being hedged for as Friday was going along too but yeah didnt even see that many coming. Any buying pressure next week is welcome, this is where day to day movement is actually getting interesting.Good thing is we are holding strong at 22.40 plus after hours. A ton of contracts in the money on Friday. Could be a lot of volume plus gamma squeeze starting the week. Not looking good for SHF. They are probably strategizing for next week. Hopefully we don’t see a volatility halt like last time in the low 30s if/when we hit it again.
Was also nice to see Trey do an AMC live Friday. Reminded me of the old days.105k were in the money, I assume (no way to confirm) a bunch probably started being hedged for as Friday was going along too but yeah didnt even see that many coming. Any buying pressure next week is welcome, this is where day to day movement is actually getting interesting.
I caught a little bit of it, been helping someone move and its been hard for me to listen on my one earpod while people are talking to me in the other ear so falling behind, I chose the wrong time to quit sniffing white out, hahahhaaaaWas also nice to see Trey do an AMC live Friday. Reminded me of the old days.
Nice that’s pretty good .. I’ve been saying to do that for a while for gme/amcOn Reddit, some people are saying their brokers have already decided they won’t be sending the actual ape to their clients, but a 1 penny cash dividend. This will be a blood bath.
Interesting times. I wonder if some will dump right after August 15th...Trying to catch up with stuff, reading this:
- What’s going on with AMC and APE? In short, AMC announced that it is creating a new preferred stock called APE, which stands for “AMC Preferred Equity Units.” Shares of APE will be issued as a dividend to existing AMC shareholders, and will then begin trading publicly soon after.
- Is it weird to issue preferred stock as dividends? It’s not too common. Usually, dividends are issued in cash.
- So how is APE different than AMC stock? It will be its own separate stock trading on the stock market, so its price can diverge from the AMC stock price. However, for investors, one share of APE will confer the same voting rights as one share of AMC.
- How many APE shares will be given to AMC shareholders? Since there are currently 516,820,595 AMC shares, 516,820,595 APE shares will be given out.
- Why did AMC create APE preferred shares? This is where it gets interesting. AMC wanted to create new shares of AMC stock last year in order to raise more money, but investors rejected the deal, afraid their existing AMC shares would be diluted. Without investor approval, AMC can’t issue more AMC shares . . . but they can issue a new type of stock. Thanks to authorization from AMC shareholders back in 2013, AMC can issue what is known as AMC Preferred Equity Units–and thus nine years later APE is born. When APE goes public, the funds raised will go to AMC. Thus AMC can now raise funds through APE even though they can’t create new AMC shares. Though 516 million APE shares will be issued to AMC shareholders for free, as The Wall Street Journal reports, AMC can create another 4.5 billion APE shares to sell to the public.
- But why is AMC giving APE to existing shareholders? Call it an incentive. If you own the new stock, you are less likely to rebel against it (or object to its issuing) when it’s in your best interest that the share price of the new stock rises.
- So who gets free APE shares? Anyone who owns AMC stock by the close of business on Monday, August 15, 2022, will get APE shares. AMC stock owners will receive one share of APE for every share of AMC they own. APE shares will be paid by end of business day on Friday, August 19, 2022. However, if the owner of AMC stock sells their AMC shares before APE goes public, they will not be entitled to their free APE shares.
- When does APE go public? APE will begin trading publicly on the New York Stock Exchange (NYSE) on Monday, August 22, 2022
- What does AMC say about all of this? Adam Aron, AMC Entertainment Chairman and CEO, said, “The dividend of AMC Preferred Equity units exclusively to our shareholders in our opinion is perhaps the single biggest action we will take in all of 2022 to fundamentally strengthen AMC for the long term. This new AMC Preferred Equity gives AMC a currency that can be used in the future to strengthen our balance sheet, including by paying down debt or raising fresh equity. As a result, this dramatically lessens any near-term survival risk for AMC, as we continue to work our way through this pandemic. It also can provide AMC with added capital enabling us to seek investment opportunities that could create significant shareholder value and could be transformative in nature. All of this is not good news for those who may be rooting against AMC.”
- How have AMC shareholders reacted? Not well, if today’s pre-market AMC stock price is anything to go by. As of the time of this writing, AMC shares are down almost 10%. We’ll have to wait to see if the public goes ape for APE on August 22.AMC is issuing APE shares to existing AMC shareholders before APE begins trading publicly on the NYSE later this month.www.fastcompany.com
nope and dont got time to do all that lolI read a tweet that we should be calling our brokers to ensure we get APE and not a cash dividend. Anyone do that?
Adam Aaron said thats all fud and that the cash dividend is really like a place holder until its closer to date. Its prep work. I hope, but not expert financial advice here.I read a tweet that we should be calling our brokers to ensure we get APE and not a cash dividend. Anyone do that?
@ax1 - wrong thread???Woke NY Goverment made another move to make struggling NY great again by passing law to replace the word "inmate" with "incarcerated person."
I feel safe now.
“For too long, we as a society have thought of incarcerated individuals as less than people. The use of the word ‘inmate’ further dehumanizes and demoralizes them,” state Sen. Gustavo Rivera (D-Bronx) said of the bill he sponsored with Jeffrion Aubry (D-Queens), which Hochul signed into law Monday.
While even some Democrats are calling for immediate legislative action to address rising crime, Gov. Kathy Hochul acted Monday to help the people getting arrested feel better about themselves.nypost.com