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Proposed votes

$AMC Entertainment(AMC.US)$ $AMC Preferred Equity Unit(APE.US)$
So let me get this Straight, there are two proposed votes, a 1 for 1 conversion of ape to amc, and a 10 for 1 reverse split of amc afterwards, so if I had 5000 amc and 5000 ape after the conversion of ape to amc I would have 10,000 amc, and if the reverse split were to happen then I would have 1000 shares of equal value of what I had at 10,000 shares?
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