Milo Kiddo
commented on a stock · Mar 16, 2023 03:01
Inputs Needed
$AMC.US$ Can someone enlighten me, how will Ape be converted to AMC? Since there is currently a price difference, will the combined share be the average of the price of both stocks at the time of conversion?
$AMC.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
MuscMoo : it will be worth whatever amc is worth initially, then it reverse splits
Milo Kiddo OP MuscMoo : what do you mean initially?
MuscMoo Milo Kiddo OP : ape will be made into amc, once they clear that bogus minor lawsuit
Milo Kiddo OP MuscMoo : yeah but what about the price difference?
Milo Kiddo OP MuscMoo : since 1 ape will be converted to 1 amc?
trent abel MuscMoo : any updates on when that shits taken care of?
MuscMoo trent abel : court date is April 27th and hopefully it'll be summarily dismissed then, but could take longer or it could get dismissed sooner
Milo Kiddo OP MuscMoo : Do youbknow how amc and ape will be combined? because of the price difference and all
allen kidd Milo Kiddo OP : add the to prices together. ape 5 + amc 5 = amc 10
Milo Kiddo OP allen kidd : oh I see, so basically 50% of Ape's + 50% of AMC's price at the conversion date right?
trent abel MuscMoo : is now a good time to short the people funding the shf's?
allen kidd Milo Kiddo OP : 100% of amc at the time and 100% of ape at the time added together will = new amc price
Milo Kiddo OP allen kidd : what if I own 70 AMC worth $5 and 0 Ape worth $2, after conversion I will have 50 newly combined AMC shares?
(70 AMC × $5) ÷ ($5 + $2) = 50 Shares
allen kidd Milo Kiddo OP : how many ape do you have?
Milo Kiddo OP allen kidd : 200, but is my calculations correct tho?
allen kidd Milo Kiddo OP : 70 amc+ 200ape = 270 amc
ape =2.00 amc = 5.00 = 7.00
270 ÷ 10 = 27 amc shares at 7.00 x 10 = 70.00
27 shares at $70.00 is what I get
Milo Kiddo OP allen kidd : oh yeah, so its a 1 to 1 conversion of Ape to AMC...
allen kidd Milo Kiddo OP : yes
Milo Kiddo OP allen kidd : but what if i dont have any Ape, and have 200 AMC
allen kidd Milo Kiddo OP : 200 amc ÷ 10 = 20 shares 5.00 x 10 = 50.00
View more comments...