$AMC Entertainment (AMC.US)$ AMC - 3.80 APE - 1.80 10 APES c...
AMC - 3.80
APE - 1.80
10 APES consolidated into 1 AMC.
Every 1 AMC gets another 0.13 AMC.
1) If you buy 10 APES at 1.80 now, you pay 18. When condolidation happens, your 10 APES become 1 AMC and your 18 becomes 3.80. You lose 14.20 instantly.
2) if you are holding 1 AMC, when consolidation happens, you get 1.13 AMC.
This APE price should need to be 1/10 of AMC price! There’s no reason for it to maintain at 1.80 with AMC going at 3.80. APE price shoild be 0.38.
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FANCY PANTS : WRONG. NOT HOW IT WORKS.
CONVERSATION HAPPENS FIRST, THEN REVERSE SPLIT.
(10) $1.50 APE SHARES CONVERT TO (10) $3.50 AMC SHARES FOR AN INCREASED VALUE OF $25
THEN THE REVERSE SPLIT HAPPENS AND (10) AMC SHARES AT $3.50 BECOME (1) AMC SHARE AT $35
SHEESH!!
FANCY PANTS H-E-T: *BANGS HEAD ON DOOR*
OH MY GOD THATS NOT HOW IT WORKS EITHER
AMC HOLDERS REALLY ARE LIKE THE BLIND LEADING THE BLIND OFF A CLIFF
FANCY PANTS H-E-T: NOT HOW IT WORKS. YOU ARE ISSUED 1 EXTRA AMC SHARE FOR EVERY 7.5 AMC SHARES YOU HOLD.