AMC 1-for-10 Reverse Stock Split
On 22 Dec 2022, $AMC Entertainment (AMC.US)$ announced 1-for-10 reverse stock split that would require shareholder approval.
So, what is a 1-for-10 reverse stock split? It is where shareholder exchanges 10 shares for a share.
Let's take an example of a stock that is $2. The shareholder will exchange 10 shares for a share, and that 1 share will have a share price of $20.
Although there are no official dates yet for the 1-for-10 reverse stock split, many $AMC Entertainment (AMC.US)$ shareholders had sold their stock as reflected in the dip after the announcement.
So, if you were an $AMC Entertainment (AMC.US)$ shareholder, what would you do when the official dates are confirmed?
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102355763 : The reverse stock split is to save AMC from becoming a penny stock and can only be traded over the counter. So what after the 1-for-10 reverse split and price becomes 40USD? It will still continue to drop![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Nadman 102355763 : AMC has zero chance to become a penny stock. How could that happen .... I dont think AMCs value could ever drop under $1. We Apes have already stopped that from ever even being able to happen. Am I wrong ?
Mars Mooo OP 102355763 :
Mars Mooo OP Nadman :