Mack_2848
commented on a stock · Jun 23, 2023 00:05
$AMC Entertainment (AMC.US)$ I suggest people should read th...
$AMC Entertainment (AMC.US)$I suggest people should read the Special Masters report before making a decision. No YouTube videos or he said she said. I read it and it didn't seem all bad. It is available on the AMC website. People read one sentence and run with it. I'm still holding, you do you.💪🏾
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Mack_2848
OPBrrrrrrr
:
in a nutshell the special Masters recommends to the Judge that we do not object to the settlement. This is what sent AMC stock to go down. However, that was the only thing everyone was looking at. By my understanding the special Masters also stated that Ape should have been voted on. It did not have shareholders approval. The judge has to make the final decision. You can read the report yourself on the AMC website
Brrrrrrr
Mack_2848
OP
:
I’m just thinking.. no reverse split then APE goes down while AMC recovers. If reverse split, then APE goes down and AMC up but end of day, it’s a reverse split with dilution. Almost the same
intuitive Jackal_354 : I'm holding too
intuitive Jackal_354 : I agree
Brrrrrrr intuitive Jackal_354 : So are we supportive of reverse split or not? I am confused now.
72813302 : not selling.
intuitive Jackal_354 Brrrrrrr : it's just my opinion but I think the reverse split will force them to cover
Mack_2848 OP Brrrrrrr : in a nutshell the special Masters recommends to the Judge that we do not object to the settlement. This is what sent AMC stock to go down. However, that was the only thing everyone was looking at. By my understanding the special Masters also stated that Ape should have been voted on. It did not have shareholders approval. The judge has to make the final decision. You can read the report yourself on the AMC website
Brrrrrrr Mack_2848 OP : I’m just thinking.. no reverse split then APE goes down while AMC recovers. If reverse split, then APE goes down and AMC up but end of day, it’s a reverse split with dilution. Almost the same