APE-to-AMC conversion
On 22 Dec 2022, AMC announced APE-to-AMC conversion that would require shareholder approval.
So, what is APE-to-AMC conversion? It is where shareholder exchanges $AMC Preferred Equity Unit(APE.US$ units for $AMC Entertainment(AMC.US$ common shares.
Although there are no official dates yet for the APE-to-AMC conversion, the stock price for $AMC Preferred Equity Unit(APE.US$ went to $1.73, higher than average price of $0.60 sold to Antara Capital LP.
So, if you were an $AMC Preferred Equity Unit(APE.US$ shareholder, what would you do when the official dates are confirmed?
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MindOverMatter : algos be like....
Nadman : We have nearly zero details concerning the APE to AMC conversion. This question is very premature due to the lack of available information.
Mars MoooOP MindOverMatter:
Mars MoooOP Nadman: Agreed, but do you know the reasons why details are not provided?
APE6982 : its 3 parts to the vote im only voting yes to ape to amc