"Adam Arno sold APE at 0.66!!!! he stoopid!" debunked I kee...

"Adam Arno sold APE at 0.66!!!! he stoopid!" debunked

I keep seeing this argument popping up and it needs to be debunked.
APE was being traded and manipulated down to 0 and AMC management knew that the conversion is the only way to actually make it work as intended and destroy the debt.

However, our interesting community is full of a certain type of smoothbrain, the "i-hate-amc-just-want-squeeze" ape, who spreads nonsense such as "diloootion bad" and "but they will short to 5 again".

It's clear as day that Antara Capital was sold shares for cheap in order to ensure that the vote goes through, preventing those who either haven't done their homework or want AMC to die (but still hold shares for some reason) for sabotaging the vote and letting the shorts get away without buying back anything.

If Adam Aron wanted you to lose, he would have retired to Hawaii by now. $AMC Entertainment(AMC.US)$ $AMC Preferred Equity Unit(APE.US)$