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Calling wrinklebrains

Can anyone truly clarify what this reverse split means? I’m seeing that votes were passed for a 10:1 split? If this is true I’m not sure how this will help us at all as adding more shares and diluting price more will just lower the stock price. And especially if the split is 10:1 $AMC Entertainment (AMC.US)$ $AMC Preferred Equity Unit (APE.US)$
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