AMC 1-for-10 Reverse Stock Split
On 22 Dec 2022, $AMC Entertainment(AMC.US$ announced 1-for-10 reverse stock split that would require shareholder approval.
So, what is a 1-for-10 reverse stock split? It is where shareholder exchanges 10 shares for a share.
Let's take an example of a stock that is $2. The shareholder will exchange 10 shares for a share, and that 1 share will have a share price of $20.
Although there are no official dates yet for the 1-for-10 reverse stock split, many $AMC Entertainment(AMC.US$ shareholders had sold their stock as reflected in the dip after the announcement.
So, if you were an $AMC Entertainment(AMC.US$ shareholder, what would you do when the official dates are confirmed?
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102355763 : The reverse stock split is to save AMC from becoming a penny stock and can only be traded over the counter. So what after the 1-for-10 reverse split and price becomes 40USD? It will still continue to drop
Nadman 102355763: AMC has zero chance to become a penny stock. How could that happen .... I dont think AMCs value could ever drop under $1. We Apes have already stopped that from ever even being able to happen. Am I wrong ?
Mars MoooOP 102355763:
Mars MoooOP Nadman: