I'm voting no to the reverse stock split heres why.
Adam has fd us all the way to down to 4 bucks back and under a dollar ape. BUT he has a shit ton of ape he wants to DILUTE with. but it's so cheap now it's not good enough for him. so he wants to do a reverse stock split so he can pull in the gravy. BUT WAIT. Let's say you are a loyal share holder and you've held thru all this bs 4000 shares. well you got 4000 ape share now too. but when you got them they were valued at 7 dollars I believe. that's 28k now that's roughly 4k. but now he wants to reverse the 4000 shares into 400. then he will DILUTE those 400 with his 400 million for now. but still has 4 billion on the back burner I believe. so from all the share holding having one to one ape to AMC and still majority voting. he will reduce our voting power to 1/10 on the ape side and then flood the market with still all his millions of fresh apes. reducing value and voting power. so thru ape hes just gun try and squeeze money and voting power from us. and sell his hedge fund buddies all those ape shares that he has in the company arsenal. that didn't get reversed 10 to 1. example: a little over 500 mill ape shares out there now that got distributed to holders. he had a little over 400 mill shares he can dilute from the first batch of 1 billion authorized by the board. he does a reverse stock split now the share holders only hold about 50 million shares combined but he still has 400 mill to dilute wit. so theoretically his HEDGIE boyfriends can buy the 400 mill and wed almost be 50 50 on voting power. or he can keep reverse stock split every 400 mill he pushes out into the markets until let's say the 4000 ape shares turn to 4. I think it would have been easier to just make a vid.
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SLOBB : I don't necessarily disagree with you on that point. I don't care about APE share price, I care about AMC share price and the MOASS. I will say we Apes aren't don though, we have to keep buying and holding shares and if we let HFs buy all the $1 APE shares then we are watching them get back in the fight. $100 a month by 4 million Apes is still a formidable force, but we've let the delays sour our commitment. The YouTuber sellouts all stopped focusing on APE because they weren't making money on us anymore so they decided to focus on derivatives trading to play "both" sides. I'm 100% in on AMC with every dollar I invest and I don't care if it take T+90 or 9 years...my family for generations will never have to worry about money again.
Big Boss33 OP SLOBB : bro I'm right there with you I'm holding and still buying but Adam has made it so much harder for us every step of the way
Doug Saddler NewtonOj : Omg tell me you don't know how reverse splits work without telling me you don't know how reverse splits work![joy 😂](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f602.png)
![joy 😂](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f602.png)
![joy 😂](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f602.png)
Big Boss33 OP Doug Saddler : and I'm the idiot
Big Boss33 OP NewtonOj : ur telling me you get 100 AMC shares for 1 ape?
Doug Saddler Big Boss33 OP : I'm so glad I took a screenshot of that before he deleted it. That was one of the dumbest things I've seen here...and I've seen a lot if dumb things.
intuitive Jackal_354 : this is what happens when you reverse split $Camber Energy (CEI.US)$ your shares go from 4.50 to 2.80 the same day
NewtonOj NewtonOj : #AMC APE Share Conversion and What It Means An AMC Squeeze Update
NewtonOj NewtonOj : https://youtu.be/mRldfXyjz5g
Doug Saddler NewtonOj : I know how a reverse split works dude lol. You don't get more shares.
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