Good morning and happy Monday!

As many of you already know, AMC is undergoing a stock dividend in the form of APE (AMC Preffered Equity).

As many of you also know, because this is a corporate action, it may take a few days for shares to be distributed. For me personally, a Canadian ape. Up to 6 days according to wealthsimple.

That being said, we suggest if you have any questions about these actions, where your shares are or how undergoing a dividend works, to reach out to your personal broker as they will have the most up to date information about your file and your shares.

Remember, this whole play is about patience... Practice this now as you have from the beginning. 🦍💪🏻

Happy holding!

Love: Mod Team 😌

AMC to Issue Dividend in Form of 'Ape' Preferred Shares -- WSJ

4:01 pm ET August 4, 2022 (Dow Jones) Print

By Alexander Gladstone

. said Thursday that it plans to issue a dividend to all common shareholders in the form of preferred shares, after it had difficulty issuing more common shares.

The cinema chain, which skirted bankruptcy during the pandemic and became a darling of meme-stock investors, is paying the dividend in the form of preferred equity units, which it has applied to list on the New York Stock Exchange under the symbol "APE." The name is a nod to the crowd of individual investors, known as apes, who helped rescue the chain from the brink of bankruptcy.

One Ape unit will be granted for each existing common share, meaning that close to 517 million new Ape units will be created, the company said.

AMC raised billions of dollars during the pandemic by selling new common shares, though last year it ran out of more to sell. The company tried to obtain shareholder approval to enable it to issue more common shares, but had difficulty corralling its investor base to support the initiative, in part due to some investors' fears of dilution.

The company's new move to instead offer preferred equity units is a workaround to that constraint, and frees up a substantial number of units that it could sell as it continues to face challenges due to the continuing Covid-19 pandemic, a person familiar with the matter said.

After offering the 517 million Ape units as a dividend to shareholders, AMC will still have close to 4.5 billion remaining units that could be sold, according to securities filings.

The company has faced unsubstantiated conspiracy theories on the internet that there are millions of synthetic AMC shares in circulation, as well as demands from some investor personalities on social media for a share recount. By issuing one Ape unit for each existing common share, AMC is hoping to put those theories to rest, because only holders of legitimate shares would receive units, the person said.

AMC common shares traded as high as $19.38 on Thursday, giving the company a market capitalization of more than $9.9 billion, before the news of the dividend issuance.

Write to Alexander Gladstone at

(END) Dow Jones Newswires

August 04, 2022 16:01 ET (20:01 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Anyone think this?

First and foremost, I am not the most well-versed in finances, nor am I the most intelligent person. But after the earnings call yesterday and all of the great news that came from the call, I still have one thing stuck in my mind that I thought was worthy to create a post for.

This should also go without saying, but these are my thoughts and should be taken as seriously as the ramblings of a mad man:

After looking at the chart comparing AMC Class A Common Stock, to the new AMC Preferred Equity (APE), I saw something that really caught my eye. Under the section marked "Dividends," it states:

• Should AMC institute a dividend in the future, each AMC Preferred Equity Unit and each share of common stock participate equally in any dividend.

The reason why I find this significant is because, if I'm interpreting this correctly, AMC can use the APE shares for a multitude of things; many of which have already been discussed on this sub. I've seen posts suggesting that AMC can sell these at whatever market value they find and use the equity to pay off debt (a great idea). However, the whole purpose of this post is the above quoted section from the comparison chart; it says that AMC holders and APE holders will participate equally in any dividend.

Now for the actual purpose of my post...

If shorts are struggling to find these dividend shares to distribute for the shares they sold short (which they will be if our DD is correct), this would cause the price of AMC and APE to go up. But what if, and hear me out, what if while the shorts are struggling, the company decides to distribute another dividend. (The first batch was 516,820,595 APE), the second batch would be (if I'm interpreting this correctly) 1,033,641,190; for the AMC holders and now the APE holders. How better to crush shorts than with a dividend? Simple! With a dividend for your dividend. AMC could ruthlessly crush any and all shorts with this technique and has enough ammo to theoretically create a chain reaction where shorts have to buy BILLIONS of APE in a never-ending cycle; while potentially creating a ton of positive cashflow.

Assuming they can't fuckery their way out of this, I would see this as being a huge problem if I was short AMC. After thinking about this all night, I've decided that not only will I hold APE like my shares, but I will also be BUYING APE like I do shares. We are now in a world where shorts need TWO different securities to keep their positions afloat.

If anyone sees any flaws in my logic, corrections or clarifications are welcome because at the end of the day, I just want to learn more. I love the movies and I love the stock.

Congratulations, your average buy in cost of AMC shares (pre div date) are about to be cut in half.

Just seeing if everyone got their APE!

Straight off the mark, reading a lot comparing this to the GME split.. it is not the same.. not even close. GME did a 4 for 1 split. For every GME share you had, you received 3 more. However, the share price dropped to 25%. Easy math... you had 10 shares at $160 each, after the split you now had 40 shares at $40 each.

APE is different... you have 10 AMC shares, you get an additional 10 APE shares.

Understood? Great... let's move on with 3 relevant questions:

1. Do AMC shorts have to cover in the next 11 days? No they do not.

2. Should AMC shorts cover in the next 11 days? I would say yes because if they do not, they have to supply 1 APE share for each AMC share they are short.

3. Can AMC shorts cover in the next 11 days? If there are billions of synthetics in circulation as many believe, then it is highly unlikely they can, certainly not without creating a massive run on the share price.

So, IMO it is possible that we may see some retail or smaller shorts cover in the run up to record date, but I think the bigger bad boys will not (or simply cannot). That being said, parallel to what the shorts may or may not do, there is the additional (and more interesting matter) of FOMO. You see, we are talking about a ticker symbol APE... I don't know how many self proclaimed APES there are out there but I estimate 10s of millions. It is fair to think that the majority of APES around the world would want to own APE shares, wouldn't you think?

Buying AMC up until record date entitles you to FREE APE shares.. simple! Or you can wait until APE is trading and buy them on the open market... but I doubt many APE holders would be willing to sell at low prices and who knows how quickly the price goes up.. Remember, it cannot go down if it starts at a penny!

So what happens after APE distribution?

Well, I think most of us will see our APE shares arrive on our trading accounts as would be expected. Absolutely no idea where the AMC share price will be on the date of APE distribution. There will be the usual posts flying around about people not receiving their APE shares.. especially international shareholders of AMC.

It is at this point when I think it starts to get interesting.. I think APE will be in high demand, I sincerely doubt there will be anywhere near enough APE to go around. Even if there are only 500 million synthetic AMC shares out there (and that is a big if), it will mean brokers will need to find an additional 500 million APE shares to fully deliver on their dividend obligations to AMC share holders. And as stated above, I doubt very much that recipients of APE will be in a hurry to sell their APE shares, especially if the initial price is low..

So, in theory, if there is a high demand for APE shares from both MMs trying to deliver the dividend on top of FOMO to own APE... we could see some interesting price movement.

Remembering however, these cheating ducks often find a loophole and a way to beat the system... but at the end of the day, they will have to deliver an APE share for every AMC they have shorted or illegally created.. The more synthetics they have created, the more they will have to find. If AA has somehow created the perfect storm for them and they will finally be exposed, well I would hope a share count is demanded by AMC and we see what comes.

I guess we will wait and see but at the very least, I would expect a high level of FOMO buying in the run up to record date... I want to own APE shares as I am sure millions of others do.

What will be the short to mid term impact on AMC?

This is also a very interesting scenario. APE is not only a dividend but a way for Adam to generate future income to pay off debt. Let's say for arguments sake, the APE share price sky rockets... as it theoretically should... with no supply and huge demand. AA could sell additional APE shares in the future (APE dilution) which would give them more cash. This cash pays off debt... Actually quite poetic when you think about it... I can see the headlines.. 'APES pay off AMC debt'.

Diluting APE should not affect the AMC share price because the AMC share count remains the same. AMC gets stronger and stronger.. No need to dilute and eventually... debt is paid off and we start talking cash dividends every quarter..

As always, none of this is financial advice but I see a lot of interesting scenarios with APE.. and none of them are bearish!

Did someone already receive APE?? Also I tried to ask their support team if we will be able to buy APE on revolut or not and they can't give me a straight answer. They keep repeating something about Brexit and that they can't advise me on this issue...

Edit: if someone manage to get any respons from support team, please post it here for others to know.

Edit2: Just got respons from Drivewealth(broker for Revolut) that they are waiting for the shares from Transfer Agent and that they expect them to be delivered to our accounts on August 24.

Edit3: APE finally here

Ape was a dividend, spun off from amc. When ape was issued, if you were short amc, legally, or illegally you then became short an ape share, since ultimately every retail and institutional owner of amc were needed to be given an ape share at that time. So, if the theory goes as amc was and is illegally shorted multiple times over, then ape becomes the same, immediately. If you don’t believe in this move you certainly don’t believe the latter to be true. 🤷‍♂️ it’s simple

So here we are today, months after ape was given out, as a dividend in the form of a preferred share, supposed to be trading 1:1 and shorted down from $10 to .65 even further digging a hole. Then out of left field king big nuts ADAM AARON says hey, this isn’t correct ape and amc should be trading in tandem, but it’s not. So he called out wallstreet (I’m sure you’ve seen the video by now). He says hey we need to figure out what’s going on, so we are going to convert ape back to amc, BECAUSE THEY ARE THE SAME THING. We will be holding a vote to convert ape ONE TO ONE for amc, because again if amc is $5 then ape should by essence be 5$ BECAUSE AGAIN THEY ARE THE SAME. After that we will hold a vote to reverse split the common shares 10:1, to STRENGTHEN amc stock and attract bigger investors vs having such a large float that’s easily manipulated.

Now if said vote goes thru, and I’ll throw in that it’s obvious on this sub based on the shills spreading fud hedgies are fukt!! Why you ask, well it’s because they will need to close the shorts(illegal naked, synths) when it is converted to amc. We received a dividend from amc in the form of an ape stock, ape stock is being CONVERTED to amc stock. See the difference there? It will be the share count retail has been asking for, as only real ape shares can be converted. The rest must close. We are not an otc stock so these other examples play no bearing that keep popping up left and right saying what about this stock or this stock. AMC is not a penny stock, nor is it traded otc and never will.

I am unanimously voting yes to the proposed vote and swatting Fud in the mean time. I stand with the company I’m invested in!

SHORTS MUST CLOSE

👇👇👇👇👆

Great explanation from Peter Hahn regarding how just fucking bullish this is. 🔥 🔥 🔥

👇👇👇

Not to mention this confirmation 🤷‍♂️

And then AA himself

happy holidaze! Ignore the Fud

HEDGIES R FUKT

Where are our APE dividends? I personally own 155 shares of amc and have not received my ape dividend when I have received it in Fidelity.

Is that why AA was driving home the number of shares so many times on the earnings call? 🤔

BUCKLE UP BROS. ITS GONNA GET SPICY! 🔥🔥🔥

So, as I understand it, the dividend will be issued in the form of a "new" stock cert "APE." This will trade along side of AMC, but separate, with the potential for conversion. From what I have seem so far, it looks like the par value of APE will be $ 0.01. Please correct me if I'm missing something.

Assuming APE starts trading @ $ 0.01, odds are a lot of retail, and probably some institutions will begin gobbling these up, with the thought that 1. it's cheap 2. it has the potential to be converted.

What will be the underlying asset of APE? Is it still AMC? It would seem so, as it's being issued as a preferred stock. Would that then cause the price of AMC to drop, eventually matching the price of APE, as they are both benefiting from the same underlying asset? Big brain question, WHO WOULD BE SELLING THE APE ticker? If it's going to "trade," then you need buyers and sellers. We know retail will scoop them up like they're going out of style, but who would the sellers be? Certainly not retail, which leads to institutional holders. Would they sell? Price would have to be greater than par value, and I'm sure some people would sell, but at what price point? Seems to me that nobody will sell until it at least matches that AMC price, otherwise you could be throwing money away if the preferred shares were converted to common shares. It seems this would force the two tickers to trade at approx. the same price. Which, initially, seems like it should drag AMC price down (and pull the APE price up).

Yes, crayons make up the majority of my diet (blue is delicious!), but it seems we could be heading into even more turbulent waters soon, so I'm trying to find my life preserver (shit, I think I ate that too).

Trying to wrap my head around some potential scenarios of how this will all play out. Someone with more wrinkles should weigh in on this, beyond "hedgies are fuk'd." Yes, we all want this to be the MOASS or at least the catalyst for the MOASS, but all I'm seeing is a stock split, but not really because it's a dividend, but it's a different, because two tickers, but net effect could be the same as a split, but it won't be because different dollars chasing different tickers, but they're the same thing, but not really, but they are.

My head hurts. Off to Amazon to order a Crayola 64-pack value meal.

Did anyone with AMC shares at DEGIRO had contact with them regarding the dividend? As in their dividend it shows they will issue $0.01 as a dividend but I know Fidelity had the same and they just confirmed they’ll issue the $APE stock as dividend.

During the earnings call it was announced that shareholders will receive 1 AMC Preferred Equity (APE) unit per share of AMC stock that they own. Will fidelity be able to honor this or should I expect a cash equivalent

Let me try to clear up some confusion🦧

TLDR: Someone who shorts a stock needs to deliver dividend a holder is entitled to. Since APE is not yet tradable shorts need to close their position. The DTC is handed a fixed amount of APE stock that will be delivered as a 1 for 1 dividend and only will be tradable after the dividend date. So that is why it is a pounce to those on the short side. Ideally.

♤♡◇♧♤♡◇♧♧◇♡♤♧◇♡♤

Imagine that a guy called Ken is bearish on AMC. He decides to short 5M shares and waits untill the prices drops. A bunch of apes come along and buy up all those shares and won't sell them back. No problem for Kenny, he has all kind of tricks to hide his shorts and postpone buying the 5M shares back.

But then the CEO of AMC know as AA the Silverback announces a dividend, a one for one stock dividend of a ticker that is Not Yet Tradable. He states this is a pounce to those whom are bearish against AMC (i.e. the shorts) plus functions as a sort of share count. This is true and that is due to the fact that those short do not receive the dividend.

Kenny sold those 5M shorts, the people holding those shares are entitled to the dividend. This is on top of those 'original' 5M shares that other people hold (shorting duplicate shares). Someone who is short needs to deliver the dividend on the short positions. If this is cash, then it is easy: imagine a dividend of 1 cent per share, then Kenny needs to pay up 0,01 * 5M = 50k. However, if the dividend is a new stock that is not yet tradable and an amount fixed to the existing float is distributed Kenny has no way of delivering those shares: he won't receive them and cannot buy them. Put differently: 10M people are entitled to 10M APE shares on the basis of 5M actual AMC shares, only 5M APE shares are handed out by AMC for those actual shares: thus shorts are short the amount of APE shares equal to the amount of AMC shares they shorted (1 for 1).

So there is a problem: if short positions are not closed there will not be enough shares to go around. Brokers cannot receive more then there is given out by AMC. Thus that is why those whom are obligated to deliver the dividend, shorts, only have one option and that is to close.

In an ideal and honest world that is.

As we saw with the GME stock dividend, this might be fucked up. So it just might be the case that these shares are not delivered or brokers hand them out without owning the underlying, or an amount of money equal to the value and what not. So this is bullish, but stay suspicious on how it will work out. Nevertheless, it is a great and brilliant move on AMC part and for the long term a good thing.

So if you like the stock, buy more and hold on to it, that's what I do. As always expect fuckery and hope for the best.

Peace out and make sure to enjoy the weekend😊🐒✌🏼

This is highly likely and apes need to be ready and not freak out. As Adam Aron and Dave Lauer have tried to explain in the following quotes. I will explain like your 5 below them

Dave Lauer: "A clarification - APE as a security will have value. That value isn't being created - it's being distributed from the value of the existing AMC shares. On the ex-dividend date, the AMC price will drop by whatever the APE price is. Dividends don't create value, they distribute it."

Adam Aron: "More FUD work. Ultimately, market trading determines the ongoing prices of AMC shares and APE units. They are very similar in nature, so logic says that initially the AMC share should approximately trade for 50% and the APE unit 50% of where shares trade just before the dividend"

Eli5:

Let's say I have 1000 AMC shares before dividend. Price is at $20 = $20,000 value. I get given 1000 APE shares upon dividend date as a 1:1 ratio. These shares aren't free, they aren't pulled out of thin air, I don't have a fresh 1000 share to sell for free profit....they come from AMC.

As Adam and Dave are saying above. If APE was to trade at $10 then AMC will likely be down the value per share of APE = now $10 for AMC also (if it was at $20 like example above)

"But daddy Jaz" you say. "My average price is $24 and we were so close to it again, now it's at $10?"

Hush little 1, daddy's got you, you're safe here. Let's go back to my example. My 1000 AMC shares were $20,000 value but now at $10 they are $10,000 value...but I now have 1000 APE shares at $10 also = $10,000. My total value is still at $20,000 as it was before.

This is a very real possibility we need to be ready for, otherwise apes will lose their shit when they see a huge $ change on the dividend day.

Ape was a dividend, spun off from amc. When ape was issued, if you were short amc, legally, or illegally you then became short an ape share, since ultimately every retail and institutional owner of amc were needed to be given an ape share at that time. So, if the theory goes as amc was and is illegally shorted multiple times over, then ape becomes the same, immediately. If you don’t believe in this move you certainly don’t believe the latter to be true. 🤷‍♂️ it’s simple

So here we are today, months after ape was given out, as a dividend in the form of a preferred share, supposed to be trading 1:1 and shorted down from $10 to .65 even further digging a hole. Then out of left field king big nuts ADAM AARON says hey, this isn’t correct ape and amc should be trading in tandem, but it’s not. So he called out wallstreet (I’m sure you’ve seen the video by now). He says hey we need to figure out what’s going on, so we are going to convert ape back to amc, BECAUSE THEY ARE THE SAME THING. We will be holding a vote to convert ape ONE TO ONE for amc, because again if amc is $5 then ape should by essence be 5$ BECAUSE AGAIN THEY ARE THE SAME. After that we will hold a vote to reverse split the common shares 10:1, to STRENGTHEN amc stock and attract bigger investors vs having such a large float that’s easily manipulated.

Now if said vote goes thru, and I’ll throw in that it’s obvious on this sub based on the shills spreading fud hedgies are fukt!! Why you ask, well it’s because they will need to close the shorts(illegal naked, synths) when it is converted to amc. A new cusip will be formed. We received a dividend from amc in the form of an ape stock, ape stock is being CONVERTED to amc common stock. See the difference there? It will be the share count retail has been asking for, as only real ape shares can be converted. The rest must close. We are not an otc stock so these other examples play no bearing that keep popping up left and right saying what about this stock or this stock. AMC is not a penny stock, nor is it traded otc and never will.

I am unanimously voting yes to the proposed vote and swatting Fud in the mean time. I stand with the company I’m invested in!

SHORTS MUST CLOSE

👇👇👇👇👆

Great explanation from Peter Hahn regarding how just fucking bullish this is. 🔥 🔥 🔥

👇👇👇

Not to mention this confirmation 🤷‍♂️

And then AA himself

happy holidaze! Ignore the Fud

HEDGIES R FUKT

I just sent a letter to E-Trade through their upload document portal. This seemed to be the only way to contact them with a paper trail. I asked for confirmation on the 1:1 divided for all my AMC.

Will update after they respond. Has anyone else spoken to E-Trade on this?

....UPDATE.....: After a 2 hour wait to speak to Etrade they confirmed that I will be getting a stock divided 1:1 APE. The broker stated I will be able to see to new APE holding in my etrade account Friday August 19th after market close. He said it will be available to trade August 22nd (Which i will be 💎🤲 these APE).....

Also I spoke to Fidelity today as well and they said the same thing. Both brokers confirmed i will be getting 1:1 stock divided in the form of APE Stock.

UPDATE 8/20/2022... 1:53PM Pacific standard time..... I GOT MY MF $APE BABY ON E*TRADE...... Still waiting for fidelity to come through 🍿🍿