Foreign. Thank you please. Oh brother oh brother oh brother oh brother. Your boy had a little bit too much eggnog if you know what I mean last night.

Um, and it turns out that it's happening on a pretty crazy day. Not only do we get some important macroeconomic numbers uh, but did you guys see what's going on with AMC And ape, uh, ape is going up. AMC is going down and the combo is getting slaughtered. Uh, the AMC ape combo if you own an equal amount of both.

I think it's down like 11 or something right now. Uh, so we're going to be getting into uh, what's going on here? Um, wild. This is actually like Wild Wild Wild Wild So I did not expect this in the slightest. They I mean they're asking shareholders for three different things like big Big AMC News.

So we're going to be talking about that. We're going to be doing another giveaway. uh, obviously pinned to the top of chat in the description of the video. Make sure you guys are checking out what in the world is going on on locals I Already posted the the main post for Holiday Giveaway Number Four which we're doing today in I don't know, hour and a half.

something like that, we're still giving away cool stuff PS5 Nintendo switch and espresso Beats headphones and Texas Roadhouse gift cards. Uh, we're gonna be doing it today. We're going to be doing it tomorrow. Hey I Get it.

I Get it. We're all in the holiday mode. We're all in the holiday mode. the holiday mood, the holiday spirit.

Um, so probably the market isn't the biggest thing on your mind right now, but let's just. uh, let's get let's get through the week together. Let's have let's have some of that holiday fun spirit in here. Um, but this AMC ape some blew my mind I think it came out within like the past 10 minutes.

This is crazy news. so let's apply our chapstick. make sure you're on locals, Hit the like button, subscribe, blah blah blah. You guys know all that stuff.

uh and then let's get into this dude. check a a tweet. what did he tweet I didn't see a tweet. All right dude, my lips are so chapped, crazy chapped.

Okay, now let's get rocking. Oh, let's get some of the Christmas music going. let's get a little bit of our our Christmas music going. Uh, where we? where we? where? we? right? here.

All right, cool, nice subtle in the background AMC plunges after the theater company announces Capital raise reverse stock split. Unfortunately, this is literally what we were talking about yesterday. Whenever a company is doing a reverse stock split, that is not a good scenario. Basically, they are doing it because they are extraordinarily worried about getting delisted.

It's just not a good look in the slightest. So if you check out what's going on here, uh, here let me show you the pairing. so AMC's on your left it it vomited AMC went from 5 30 yesterday to 4 20 right now and then if you look at Ape, it's actually up. So you have eighth up 71 and you have AMC down 21.

Uh, and then more importantly is probably the combo because I know a lot of people you like simultaneously have the two AMC plus ape. Unfortunately, you can see that the market is not reacting well to this news obviously I think many of us in here wanted to come back around I very much hope that it does. But as of now, the AMC 8 combo on the news when comparing both is down 11 obviously Apes up which inherently just tells you that AMC itself is getting like hit super super hard like it's just getting slaughtered. unfortunately.

So here are the uh, full details of what's going on. Let's go through this: uh, just because hey, it is some breaking news: AMC Entertainment Holdings announces a 110 million Equity Capital raise a 100 million debt for Equity exchange and a proposed vote to convert AMC preferred Equity Ape units into AMC common shares and Implement a reverse stock split. This is wild I Cannot believe that we got Ape in August late August and now in December They're already asking us to push this all back together among some crazy other things going on. So anyway, this raises 110 million for new Equity Capital through the sale of Ape units to Interra Capital Uh at a weighted average of 66 cents.

So I mean they crushed it because they got into Apex 66 cents and it's already ripping. So in Tara is stoked. Uh, the Ape closing price on the New York Stock Exchange on December 21st was 6850. so they're getting a beautiful fill.

I mean remember once again, Ape was just ate that I don't think they got any AMC they got Ape and it's already above a dollar for them. so they're pretty stoked. This reduces debt by 100 million principal amount of. Secondly notes due 2026 currently held by Interra in exchange for approximately 91 million Ape units.

the 100 million principal debt reduction reduces in annual interest expense by approximately 10 million. So basically Anterra this like whatever the hell this company is this Capital company they had um, they were the owners of the debt that like maturity was in 2026 and they basically said okay, cool, we'll wipe our debt in exchange for this particular deal. Uh, they seeks a special shareholder meeting vote for on the following: AMC Board of Director proposals to convert Ape units into AMC common shares and to do a reverse split the number of AMC comment shares at a ratio of one to ten. So basically the best way to explain both of these is okay.

basically whatever you have in AMC and Ape, you would add those together and then you. basically if you want to know how many shares you have it would divide it by 10. But theoretically, the price should also be 10x. So this is the example of like, basically you have ten one dollar bills and you convert it into one ten dollar bill.

so you have less bills, but you still have ten dollars. That's what the easiest way to think of these reverse splits. The reason they're doing this is they're probably trying to not get delisted. Um, obviously, when your price goes too low NASDAQ New Year's stock Exchange, it could become an issue for them.

Uh, so they very much. That's why you see these reverse splits. Typically not a good sign. All right where We, in addition to the AMC's board of Directors, is seeking to hold a special meeting for holders of both AMC comment chairs and Ape units voting together to vote on The Following proposals.

This is where it gets a little bit more interesting to increase the authorized number of AMC common shares to permit the conversion of Ape units into AMC common shares. That makes sense. You have to authorize more for the conversion to affect a reverse split on AMC common shares at a ratio of one to ten. Once again, 10 one dollar bills going to one ten dollar bill.

These have the same amount of money, but a lower amount of bills. In this particular case, bills represent shares and you'd have a tenth of those to adjust. Authorize ordinary share Capital such that after giving effect to the above proposals, is if adopted. AMC would have the same ability to issue additional common Equity as it is currently has to issue additional Ape units.

so you know how Ape they can dilute at their own free will. um, the maximum amount. Remember so remember when they made Ape, it was from 50 million preferred Equity stocks and then they multiplied it. Basically one preferred Equity stock went to a hundred.

Apes So basically it was a multiple of a hundred. So they had 50 million basically representing 5 billion. They used 500 million ish to duplicate AMC That's how they made eight. They wanted it to be one to one and that means that they had 4.5 billion left.

Um, the other 0.5 in there once again, using rough numbers, was already authorized. and remember when I say authorized, that means it like they could be sold to the market. That's what they've been diluting with, but it never, ever required shareholder approval because it was preferred. It's not not the normal stock and that means they still had about four billion shares of Ape in the chamber to sell to the market.

They're basically asking all of us to have that exact same capability with AMC That's what they're asking for. basically the dilution that they could do without shareholder approval. On Ape, they're asking for the ability to be able to do that with AMC AMC would have the same ability to issue additional common Equity as it currently has to issue additional eight units. once again, the other 4 billion and at this point you'd have to do the ratio of one to ten because remember, everything is going to get divided by 10.

So really it's not 4 billion in this case, it's 400 million. Um, but they're basically just asking to like they are asking you and me and all the shareholders for the ability to do crazy dilution is what they're asking for. um as part of the agreement and Tara has agreed to hold their Ape units uh for up to 90 days and vote them at the special meeting in favor of the proposals. In addition, AMC will limit the amount of additional Equity Capital they can raise prior to the special meeting.

Thank you. What is this? What did he say? Matt I Have to know knowing what you know now. why are you still holding AMC Ape shares? Have you lost a bunch of money? What's the point? Have I lost a bunch of money? Yes, uh, but most of the money I lost actually came through options. but obviously I'm quite a bit down on my shares as well.

Why am I still holding? I've kind of expressed this yesterday, but I view it as um, an admission ticket to this I mean it's the Mantra that I explained yesterday of a captain goes down with its ship. Am I happy how things are playing out right now? No, but I think it would look, uh, really, really bad. Like just me being a part of this movement to throw in the towel I've put the amount of money on the table that I'm willing to lose. so I bet accordingly and if it goes to zero obviously I don't want that to happen, but just in my own life situation I've put enough money on the table that I'm comfortable with that bet obviously I want it to pop, but right now things are not looking the best.

Adam Aaron Chairman and CEO AMC's ongoing Capital raising efforts and balance sheet strengthening continues in Earnest we have agreed with Interra to raise 110 million dollars of fresh Equity Capital taking our total Equity Capital raised through the sale of Ape units to 272 million. Um, so they've got 272 million, about 5 billion in debt of additional cash over the last 90 days. In addition, with the anterior transaction, we also are improving our balance sheet by reducing the principal balance of our debt by yet another 100 million through a debt for Ape unit exchange. This is the addition to the approximate 180 million of debt reduction already accomplished by AMC in 2022..

Aaron Added Clearly, the existence of Apes has been achieving exactly their intended purposes. They have lit aims: he raised much welcome cash, reduced debt, and is so doing the leverage on our balance sheet and allows us to explore possible M A activity, merge and acquisition. However, given the consistent Trading discount that we are routinely seeing the price of Ape units compared to AMC common shares, we believe it is in the best interest of our shareholders for us to simplify our capital structure thereby eliminating the discount that has been applied to the Ape units in the market. All should know that our liquidity position is now significantly enhanced.

Our balance sheet is strengthened. We look forward to Growing industry box office in 2023 and Beyond and also look forward to AMC continuing to benefit from our leadership position in the movie theater industry. The capital raised and debt exchange are subject to customary closing conditions. Ah wow, Wow.

Well that happened. That happened. Well, the thing to really watch for today. Oh no, this is so Ape went from 68 cents to just over a dollar and AMC went from 540 down to four.

So between the two it's down about 11 or 12. If you look at the the AMC Ape combo uh an Adam Aaron tweet storm you don't say what a day this is a crazy morning team. December 20th 21 hours ago talks have halted with the Sin World Leaders for AMC 2 choir some Regals in World theaters. With Apes being partial payment, we are disciplined to use our cash or stock only when we are convinced that doing so is the best interest of AMC.

so they're not going to get because ape wasn't strong enough. Uh, such important AMC news. We succeeded in raising another 110 million. Okay, we know that uh, at a substantial discount AMC is much stronger cash position.

Choke on that. What the does he really have the balls to say choke on that? When the stock. The news pushed the company's value like I'm talking about the AMC Ape combo down by 11 14 minutes ago. Imagine having the balls truly like.

This is the upside down world we live in with suits. Imagine losing 16. This is the AMC Ape combo. Imagine losing 16 and having the balls to tweet choke on that.

Holy folks, what a crazy world we live in. What a crazy crazy world we live in. Also, Apes worked exactly as intended. Okay, we talked about this.

We already read it with all the Sherman It's time to confirm. Oh wait, but a huge discount in a market price versus common stock must be addressed. Uh, we'll hold a shareholder vote. It's time to confirm AMC preferred into AMC Common to eliminate that discount because they want to be able to do to dilute without asking you.

Also, a company as distinguished as AMC Wall Street is wishing us harm drive us to being a penny stock. So in the shareholder vote, we also can consider one for ten reverse stock split simple arithmetic. If approved. the sharer count goes down, so share price goes up.

Yeah, but that I don't know I Guess you guys can have your own opinions. Share price goes. share count goes down. so share price goes up.

but yeah, you have less shares once again. Uh, think of the this is crazy. Okay, well in my opinion you mean was to assure AMC if you can't vote for April reverse split the immediate offering Ava container with the 90 Hill was to show that AMC Apes can't vote down the AMC convert. Yeah, but how many shares do they have because I don't think could in Tara outvote everyone how many shares is in Tara getting could they control the vote? I don't think so.

Yeah, 91 million. So they have about I don't know, like 18-ish percent of the vote like rough like napkin math. I Don't think they I mean they'll influence the vote for sure. but they can't control the vote because this is gonna mean that there's roughly what 600 million of ape.

Um, so they'll have a big sway on the vote. but I Don't think that they can control the vote Matt Wouldn't that for shorts to close? Absolutely not. This will have nothing to do whatsoever about forcing shorts to close whatsoever. Basically, they're gonna be short.

If they were short 10 shares, they're then going to be short one share. But remember, you shouldn't look at the amount of shares. You should look at how much money you're short. So if they're short a thousand dollars, they're still short a thousand dollars.

Um, this will have nothing to do. I mean if I had a BET right now on Twitter on YouTube on Reddit you're gonna see a slew of things of people doing like Simone Biles level mental gymnastics trying to explain to you how this will force shorts to cover I'm telling you this right now they are wrong. This will not force shorts to cover. In all reality, the shorts are in a more favorable position because the combination is down down 14.6 percent.

This if you look at the AMC ape combo, this is now a new 52-week low. as in anyone who is short AMC and ape like. if they were short the same amount of both, they all of them are in profit. Like literally every single short that has shorted AMC and eight in all of time ever is now of money.

Like there's not one short who is not up money right now. So I know I know like I know it's coming I know it's coming that so many people are gonna try to express to you that the shorts have to cover now and like don't get sucked into this concept of like throwing money at cause do what you want and all it's your money like and I wish you the best I'm just letting you know that I think it's a very very poor financial decision to be buying some degenerate like call options right now, especially at a new Fresh 52-week low. Obviously, it's your money, you're an adult, You should do what you want with your money. and I truly wish you the best of luck.

But the thesis of this pushing things up to the upside is a very, very weak thesis. and I don't think anyone will have strong evidence to convince you otherwise. So especially if you feel like you're maybe new to this world, it's okay to not trade if you're like, well, hang on. One guy's telling me something's really bullish, another guy's telling me something's really bearish.

If there's any confusion, just don't take the trade that that's also fine. Like it is an active position to just sit there in cash if you feel like there's a little bit of confusion. but the fact that we're at a new 52-week low I Think should be telling um, they're basically just trying to not get delisted and they're asking everyone to be able to dilute this to Kingdom Come This news May trigger a squeeze I Think this news triggering a squeeze is extraordinarily unlikely, extraordinarily unlikely. Uh um, well do what you want I Hope you win I hope you make a shitload of money.

Um, more importantly, team uh, some other things going on in the market today. we do have nine minutes and just I Want to talk about the broader Market uh uh Stock features are muted after wall Street's rally on Wednesday So if you go to MarketWatch you're going to see that we did get some early morning reports. Uh, let me right here. So uh, jobless claims a little bit higher than expected, but nothing too too crazy.

Uh, you have the revision of 2.9 I think it came in higher I think it came in at 3.1 3.2 I'll check that out. but we got the revision and the GDP was higher than expected. And remember, we live in the upside down world where the stronger the economy is. That means that the FED has like the free reign to be a little bit more aggressive when fighting inflation because they might not be pushing us into a recession and I say that very facetiously.

But anyway, the fact that the number came in better a better economic numbers worse for stocks because once again, it means that there's a better chance of us staying in a very restrictive environment because they're going to say well, hey, like we haven't missed some things like completely um, I think it was 3132 Does anyone know in chat what the number actually was? Uh, sorry, my brain is fuzzy because I'm just so confused about this AMC stuff. but I think it's three, one, three two like that. Um, and then tomorrow, an hour before the Market opens. Please do not forget an hour before the Market opens tomorrow.

Friday December The 23rd we get another inflation report. It came in at three two. Okay, so it did come in higher. I Know it's three, one, three two.

I think China's most recent GDP reading was 3.1 Um, when is the vote for AMC I Don't know, but you'll get emailed wherever you own it. That brokerage will email you most likely I'm not seeing a date or this vote. Um, and we could talk about it more in a second. but just hang on.

In terms of the overall: Market We got things coming out already this morning and then we have more stuff. Big important stuff. Tomorrow morning, an hour before the Market opens, the fact that our economy is doing good not so good for the stock market to Dow. The S P and the NASDAQ are all red.

Oil is up running to 80 and then yields are kind of chilling at 3.669 What? I want to say though in terms of seasonality, do not forget. Today is an extraordinarily bullish day now. obviously I know the Market's leaning red right now. Um, but I myself am looking for some opportunities to probably go long on an intraday basis.

Uh, Matt I Hope you are having an amazing Christmas with your completely girlfriend. Let's forget Amy unless we want to short her show us that sexy smile. what's going on Dallas What is going on I Appreciate that. That's very kind of you, All right? Uh yeah.

GDP 3.2 They were expecting 2.9 the last was 2.9 So the economy doing better and that means that the FED could be a bit more aggressive when fighting things. Five things to know before that: Bell goes dingy ding ding ding today Thursday the 22nd slay time. Maybe we get that Santa rally. Just maybe we get that Santa rally.

Let me fix this a little bit. Uh, here's where we are on the daily right now. Uh, two green days and I wonder. The question is are we gonna get that recovery today? Time will tell Micron Cutting thousands of jobs? Yeah.

Unfortunately, another big Tech high growth type of play. Kind of showing the world that it's under a bit of pressure. the semiconductor maker Micron announces a 10 staff reduction, suspends bonuses. So kind of doing the exact same thing as so many other Tech players and now even a little bit of like Finance players.

um, were like clearly these headlines day over day over day over day. Uh, you should start to see the pattern that yeah, things are a little bit shaky right now. Um, and I don't think that it's necessarily going to be ripping a U-turn anytime soon. I think we're more so talking about like mid to later 2023 where hopefully things can turn around.

SPF is ex-colleags cooperating with FEDS Yeah, so it sounds like FTX is Gary Wang and Alameda Caroline Ellison plead guilty to federal charges cooperating with prosecutors. it sounds like these are the two that kind of stabbed them in the back. Um, if that's I shouldn't really sing I guess it is stabbing in the back even though I Think we could all agree like maybe it's not immoral to stab Sam Baker and freed in the back I Guess that's more of a philosophical question. Um, but anyway, it sounds like weighing and Ellison are kind of the ones already speaking with them and probably spilling the beans on the whole scenario.

Zielinski Laws U.S Investment Yes, we're still giving them a lot of money and home sales have fallen for 10 straight months. The last time this happened was 23 years ago. So I mean it kind of draw some of the I don't know how was the best way to put it to highlight some of the similarities across markets. Obviously, you're seeing crypto combo.

Uh, you're seeing real estate under a lot of pressure. You're seeing a lot of job layoffs. Like all of this is just signs that we're in a tough environment. This isn't like the bull market where we rip from 2009 to essentially 2021..

Uh, obviously we're in a completely different cycle right now. We are in a bearish cycle. so that shouldn't scare anyone because you can make money in any cycle. That's fine, but you make money by identifying the current Trend that you're in and right now the trends to the downside.

That's what happens sometimes in the market. Okay, let me get to this. Let me get to this. Let me get to this.

Well here we'll do the AMC ape combo in the bottom left AMC plus ape. Uh, if you're on trading view, all you do is literally type in AMC plus ape and unfortunately it is down 11 right now and then. Let's also we have Tesla up here trading at 136 Geez Louise geez Louise Peter Parker and then oil should finally be going back up. Yes, it is okay Uh oxy Uh is trading now at 64.

64, 64 64. Okay folks. Uh, if you haven't already help me out, hit that like button And also do not forget to subscribe if you enjoy the stock, crypto, breaking news type of content. In about an hour, we're going to be doing another Christmas giveaway.

so do not forget that. Uh, get on the locals, it's right here. Um, we're obviously doing a giveaway today and then the final giveaway will be tomorrow. Matcors.locals.com pinned to the top of chat.

Um, right here. All you have to do is exactly like this. Just put your your handle, your Instagram your Twitter your email. Something like this.

just comment it like this. Everyone's doing it perfectly thus far and we're gonna pick five people and then we're gonna roll a wheel. The winner of that gets the present and then we just roll the present wheel to see what present they get. Well once again pinned to the top of chat in the description of the video Macquares.locals.com uh and do what these 96 people have already figured out how to do.

Once again, that will be in about an hour now for me. Um I Know things are making a little shaky in the overall. Market This morning I'm actually going to to be looking for some long opportunities. Yesterday it treated us well I think we waited till like 10, 10, 30 and we got into a nice long position.

I'm going to see if I could be repeating that once again. Today is kind of my bias on the market and with all that being said, wait what are we at? Oh never mind I was off by a minute I Thought the Bell was about to go dingy ding ding ding people still talking about AMC are equal to a 40 year old men talking about high school football days. Move on, it's over. Uh, no one wants free gifts right now Matt We are mad.

Well wouldn't be. Wouldn't getting a gift make you more happy then I mean I Ate Nation I'm pretty sure you don't speak for everyone. I Think people in here really do want presents. who wouldn't want a presence? I Mean when you're mad, don't prisons make you more happy? Uh, we'll just we'll just ensure that you're the one person who's not allowed to play for it ape.

Nation The Grinch Uh. All right, let's get going in five seconds. Team Three two, one dangling ding ding ding. The casino is open All right.

Uh, Obviously the plan here is first 10 15, 20 minutes. Something like that, we're gonna watch the market open. uh I'm gonna be seeing if there's any maybe opportunities for me to get in on this dip uh, in the overall market and then obviously in the bottom left of your screen we'll watch the AMC 8 combo and we are praying for a speedy and safe recovery. Uh, currently down seven percent.

The combination man is like does Adam Aaron like legitimately just think that we all forgot about the time that they asked us to delude it in the past and we said no and he's like okay, cool I'm not gonna dilute it because you guys asked me not to and now he's like okay, but now I'm gonna dilute it. It's just like odd to me. Very, very odd to me. Well, we're gonna see how this is going today.

Ooh, spy getting smacked out of the gate. a little schmacky smack out of the gate. Well this will be interesting. It's gonna be an interesting day for sure.

Can you recap the known information about the proposed merger and reverse split? For those who have been distracted with stupid work stuff Yes, basically what. Here's what's happening. The AMC is putting it out for proposal. It's not a done deal, but they are putting it out for proposal.

Uh, to all the shareholders to convert Ape back into AMC do a 10 for One reverse split. So for every 10 shares you have, you'll have now one. But theoretically, theoretically obviously things get wonky in the actual Market The price should 10x. which means you have a tenth of the shares.

but they're at 10x so the price. So theoretically you shouldn't have any change in value. They're also asking. And this is an important thing that I think a lot of people are going to be missing is they're asking to have the same rights with AMC as they do with Ape.

And those rights that they're referring to are the ability to dilute by quite a bit. Like, um, like a lot more. Uh, if you account for the I guess 10 for One reverse split, it would be equivalent of taking it from a hundred million shares into looting it all the way back up to 500 million if they do the full dilution. Um, so those are the major things.

The other thing going on here is there was a debt holder. Uh, the maturity date of the debt was in 2026. Um, they basically absolved the debt in exchange for 91 million Apes at a cost of 66 cents. AMC Halt.

Why would they halt it? Probably because of volatility I Don't know. Let's see right here. Um, trading Hall Reason not available. Uh oh, it's a it's an upside Hall Yeah, this is a volatility.

Hall I mean in the first minute it just went I guess too far I guess hey I mean AMC is getting slaughtered down 18 Uh, this surprises me I don't think this is a volatility Hall I take that back I I First I thought it ran from three dollars up to 430 and I was like okay, that's a massive run, but in reality it ran from 414 to 435 in minute one. That is not a volatility halt. that's a different halt. Does anyone know? um, the code.

Did anyone get the code of what kind of halt this is? Uh uh, it it says Limit Up Limit down. How is that a limit up Limit down I I mean I get am I Just like that stupid this morning that I'm the math newspaper a limit up limit down that in a legal Hall it's probably not a legal Hall I think I'm just like too mentally foggy this morning. how is that already? Limit Up Limit down I mean I'm sure it explains if you just search the New York If you search New York Stock Exchange Luld Rules you can see all the rules right here. It's all in the like so I'm sure right here.

What is it? A market decline to trigger level one after 9? 30 and before? uh, 3 25? Well wait, no, that's for the overall Market How Lud works. It's somewhere in here, but I'm sure you guys kind of want to be more so watching the charts right now. it didn't go up. Uh, it starts at 9 30.

you wouldn't look at anything. You would look at the timing from 9 30 onward. You don't look at like the pre-market or anything like that. You look at the opening price at 9 30 and go from there wild.

So I mean I guess it should be five minutes. We'll find out if it starts trading again at 9 36. Um, and I guess 40 seconds I think Then we'll see, then we'll have confirmation. Well, we already kind of have confirmation that it's a limit up limit down because it literally says it right here on the New York Stock Exchange website.

So we know it's going to start trading again in about a minute. About a minute. About a minute. Uh.

any. AMC news. Yes folks, we've kind of already been talking about it. But big AMC news and they're oh.

here we go here we go trading again. Did it haul again already? Another halt? Yep. another Limit Up limit down halt. Number two, Halt Number two.

Halt Number two. That's crazy. You already have your second one. That's nuts.

Uh, another volatility halt. Wow. Crazy ape also halted now. Feels like funky things are going on.

one to one ape to AMC conversion or is the reverse split before I Mean it would happen all simultaneously. So basically what you would do is add your total amount of AMC and ape together. Whatever your shares of AMC are whatever your shares of eight bar, you would add those two together and then you would end up dividing it by 10. That would be your new share count.

But also theoretically when you add them together, even though you have a tenth of the amount of shares, the price should be 10x. So in the the whole movement like the at that instant, there should be no Financial change. Um so jeez. All right, halt City AMC Plus ape.

Here's the combo. The combo right now. Uh, hopefully goes back Green it was down about 17 at least that's the maximum that I saw. but right now the combination is down 1.6 Uh I Think in this particular deal, the big winners are going to be the ARB players.

I Think the people who are looking for AMC and ape to hit a price parody are gonna be the big winners. Oh brother oh brother oh brother. I'm still looking for an opportunity to go long Matt I'm safe I move my AMC shares to a cold wallet. um I Don't listen to someone who messed up with FTX and then apologize Matt Apparently you do if you're here so you're wrong anyway.

Um, they are both halted right now and they're going to start training again at 9. 41. 9. 41 A.m is when they will trade again.

Merry Christmas Everyone shout out Cali YouTube Chat thinks that AMC ape combo is as good as surf and turf. Uh, how do you feel about computer shares? like where people directly register? I mean it depends on what your goal is, but I mean it's tough to be an active Trader if you're directly registering your shares. but if you're more looking for, hang on I want to be an investor? I don't want my shares loaned out well DRS and makes quite a bit of sense then it would. It's kind of what is your goal.

Ooh the Spy All right, All right. I Guess we're getting the downside. Gap film Did it just hit? Yeah, downside. Gaffle to 382-23 was hit so that Gap taken care of.

and actually now even though it's a we're breaking below the lows. Whoa. Oh, that's negative breaking through the lows of yesterday. So maybe this bounce was a little bit too short-lived Um, even though I very very much wanted to be long today, we might actually have to be focusing for a little bit more of, uh, maybe potential Market shorting opportunities uh Matt trying to buy AMC on TD Ameritrade Just screenshot the price at 40 000.

it was never at forty thousand I don't know what you were looking at but AMC has not traded at forty thousand. Um, kind of happy I own a little bit more ape than AMC Why is that? AMC's trading at 457. Ape is trading at 132 ever since the announcement of Ape AMC's outperformed. so in a small time frame right now like today this morning, like if you bought them both yesterday.

obviously Ape is outperforming. but if we're looking at from the I guess creation of Ape until now AMC is outperformed form. All right, it is trading again. I think AMC is trading again.

Maybe Apis as well. but the combos in the bottom left uh, looks like Tesla getting sold pretty hard oxy getting sold pretty hard. Ape unhalted. Wow, there's an Ask price of forty thousand I Mean people can put over whatever you want.

There's a difference between a sitting offer and I mean a sitting offer versus the actual stock price are two wildly different things: AMC Unhaunted. Yep, Um, so actually fought back pretty hard. We went down from 17 to it almost went to break even and now we're down 3.6 The combo. the AMC Ape combo.

as in putting those prices together. Crazy. crazy crazy. What a day I Did I just cannot get over this.

I Did not expect this at all. Wild, how are you guys gonna vote? So here's what you're being asked to vote on. Um, you're being asked to convert Ape units into AMC common shares. You're asking to do to approve a one for ten? uh, reverse split and then you're also being asked to AMC would have the same ability to issue additional common Equity as it currently has to issue with Ape.

So these are the three things you're being asked to vote on. How are you guys going to vote? I Think it's going to be three individual votes as well, so you could vote separately on the separate proposals. WTF Matt You don't expect crime crime on what crime from whose part? on the limit up limit Downs No, that is not crime. If you think halting our crimes, you just don't understand what halts are like.

It's You can literally read the exact rules and know when something's about to get halted. You might think that halts are stupid and that's a completely different conversation. and I kind of agree with you. Um, but it's not like rules are being broken, it's just the rules are stupid.

which no ape to ABC no reverse split, no dilution. they are crime candles. Um, I'm back talking about AMC again. uh.

as I've always said, if there's news, I'm willing to talk about news, especially because I'm invested in it. How do we vote? One for 10 split is bad, right or no? I Mean it's up to you depends on how you view it. I Think there's going to be a lot of opinions on all sides of it I Just it's an interest. It's actually kind of like a deep philosophy question.

So basically you're looking at this of do does the company need to do this to probably survive. Yeah, because if not, there's a good chance the bondholders ended up scooping up the company. Um, so that's something obviously to consider. but if they do this, it decreases the chance of a squeeze because there's more shares, potentially more selling pressure I Don't know it.

there's you. could look at this many, many different ways and it depends. What are you in this play for I Think that's why it's going to be different from person to person to person I Feel like AMC shareholders are being asked to bend over if it's a single vote I Think it's going to be you're voting on separate proposals. Uh, what if we vote no? Does retail still own enough shares to vote against merging Ape into? AMC We're gonna find out.

Um, the last time. like we definitively knew the numbers. Yes, uh, there was enough. But in this scenario Something tells me that they wouldn't be asking for this proposal if they didn't already have the votes.

So like I Don't think they would put it up to chance. I Think the only reason they did this is because they're like confident in getting the vote. Yes at least a majority. So maybe they already do.

Maybe they already have control of enough votes? It's possible. Oh, is someone still thinking about T90 What is the conversion rate of Ape to AMC shares? A con: There's no conversion rate. it's just all the shares of AP own. It'll be called AMC.

So basically the way this would end is you add up all of your AMC shares, you add up all of your ape shares and they all become AMC shares. It's not a conversion rate. if you have 10 ape and 10 AMC, you now have 20. AMC If this goes through, you're just guessing.

Wait what am I just guessing about I am not following what I'm guessing about uh megging she says wrong, um, I'm not wrong and then from there after the conversion, it's also a reverse split. So for every so basically you add all of your AMC up, you add all of your ape up, they all happen and then you would end up dividing it by 10 because of also the reverse split. regarding the timeline that has unfolded with a this is such a 180 from what AAA was saying 90 days ago. wouldn't you agree? I From 2021 till 2022, so much has changed.

in my opinion, like a lot has changed. Um is this the opportunity to go along? We just got a little bit of a dip. not yet, not yet. I'm not quite feeling it, team, not quite feeling it.

This is insane though. All right now that I'm I have them both how I want them both chats Okay I guess Let me let's go through this iteratively and the very first thing that you're going to be asked to vote on is to blah blah blah to convert. So that's the first question. Yes or No: Are you gonna vote yes or no on converting ape into AMC Uh just type Yes or no? Yes or no Yes or no First Vote: Are you gonna vote Yes or No to convert ape into AMC No No No No No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No no no No dude.

this is like close to 50 50. I Think we're gonna have to do a poll? We're gonna have to do a poll. Uh vote to convert ape into AMC Yes, no. Don't merge.

merge. Okay I Just posted the poll. Vote Vote Vote Vote Vote Vote Vote Vote vote. You guys were a little too close to 50 50 for my liking.

We gotta get the real. Is this going to be the thing that rips the community apart? A civil war? Are we just gonna have 50 on 1750 on the other, if they have the amount of synthetics I Think shorts will get vaporized instantly on conversion. What are you talking about? this? If people are already saying that this is going to force the shorts to cover, this is going to show the synthetics. No, it's not.

No, it's not. Uh uh. dividing it's Iron Man and cab all over again. Jeez, the market is just getting slaughtered right now.

AAA Already split. The community wants 100 million discount. Well, he has for 60 million for himself in the past. Man, don't forget in about half an hour we're doing another holiday Christmas Giveaway Today is number four.

Uh PS5 Nintendo switch Nespresso Beats Headphones Texas Rose House gift cards. Uh, today's day For the giveaway, we're doing it at 10. 30 to enter to have your chance at winning a gift. Uh, just go down to locals and obviously follow it.

make sure you're it's all in the Locust post that's pinned to the top foreign. Let me end this vote. end Poll: So very close to 50 50. um 54.45 So 54 said yes Merge: 45 Said no, don't merge.

Uh, interesting. Okay second one. Uh, what about? well the reverse stock split I Mean that's kind of a nothing Burger I mean okay, whatever because you still have the same amount of money. Um, so that one I don't think is anything too special.

So what about this third one? Aims need to have the ability um to issue additional common Equity as it currently has to issue additional Apes So uh. ability I'll just uh, start a poll for the third one. Ability to uh, dilute? AMC Yes, No, All right I'm asking now for the third one because the second one really doesn't matter too much. Um, okay, should be posted Ability to dilute AMC Please vote Please vote please vote Vote away.

Let your voices be heard. Let your voices be heard Tracks I Abstain Matt Stop promoting AFC How am I promoting Apes We were talking about Something Ape Nation Stop being dumb I Don't know what do you want me to say? What do we have to lose? Ape is going nowhere but down. Anyway, jeez, this is just the AMC Well all people are unless you bought Ape yesterday. But beyond that, geez, Um, right now down, not too bad.

Down three percent. The AMC 8 combo Tesla Trying to turn back around uh, spy doing something in here? Vote to fire AAA All right here. let me end this vote. I want to see where you guys are at 81 said no, that's a lot of people saying no, that's just dilution with extra steps.

Basically, way back when what a year ago we said no, we don't want dilution and they said okay, cool, we'll listen to you and now they're saying all right but also, uh, go yourself. Uh, once we sign up for attendees, how do we tell you? Or do you get a list? Yeah, attendees. Um, so basically when everyone clicks on my link, Tendys knows who like signed up through my link. so they get a whole list of people.

Um, maybe that's what they're counting on. Community split to get what they want. Maybe uh, maybe maybe. dude.

this Market is not having a good time. Not straight up not having a good time, My thoughts on Tesla My thoughts on everything right now is things are getting smoked today. Pretty much everything is down. I Want more shares in my account? Period.

You want more shares in your account? Wouldn't Why? Why do you just arbitrarily want more shares? What do you want more value in your account? I Mean what if someone gave you a thousand shares at a cent or one share at like a million bucks? It's it's better. obviously the latter. So just to say you want more shares, that's silly. You want the most value in your account, vote on whether Matt gets paid better from YouTube or Citadel.

That's actually pretty funny. Doug uh is Adam Aaron still Tweeting Adam Aaron Adam Aaron Adam Aaron No. Drive us to being a quote unquote penny stock. Yeah, he's trying to avoid getting delisted.

What are people in the chat saying about it? Is this the chess board you're playing on right now? How about you to the Prophets? Did you made 40 million off? You did. What is going on here in CEO Adam I Trust. Thank you for looking out for AMC and Ford shareholders Jesus Everyone needs to understand that when ape is converted to a change of Academia will have or is it this is exactly what cosm what the Am I missing. Some people are really for it and some people are really really against it.

Wild Truly Wild Damn well. that's something. If AMC is such a strong play to the MCC Suite then why don't they actually buy to their own stock instead of all just constantly selling? Uh, that's a fair question. That's a very, very fair question.

Oh, is it time for me to do some sort of trade? Not particularly. I might make some sort of trade. Uh, in a bit. just I'm vibing it out.

I'm just I'm checking my own Vibe today. One thing is certain: Busblance loves you. Oh yeah, I'm sure his derivative basket is playing out real well today. I'm sure the guy's raking in money.

Oh I Hate this game. This game isn't fun anymore. mom. pick me up.

Uh, we all buy AMC We could totally squeeze him. probably not. There's not enough people in here. There's only a couple thousand in here.

not big enough size. you would need millions and also that sounds super illegal. Sounds like coordination which you're not allowed to do I Know it happens on Wall Street but you're still not supposed to do it. Not supposed to do it.

Where was that awesome song that we listened to yesterday? Was this it We had like a like a good Trans-Siberia orchestra like Vibe going yesterday. No that wasn't it. We gotta get in show more I'm gonna find it. This is it.

Nope. Is this it? Nope. Oh here we go this will. this will get us in the vibe.

What happened with the AMC and Ape this morning just joining? Uh, we've kind of already talked about it. If you just want to rewind, that'll probably be the easiest way to find it. Um, but they're asking to convert ape into AMC and then also do a 10 for One reverse split and then also to allow them to dilute AMC The way they're able to dilute eight. That's the three things that they're asking for.

Uh, if you don't own a does your AMC reverse split too? Yeah, everything reverse splits. Dude, this song goes hard. Does the one for ten reverse slit shrink the flow? So instead of 500 million, 50 million plus 18 converted. Yeah, so it'll end up at 100 million because there's 500 million of both AMC and Abe So 500 million plus 500 million is 1 billion.

And then with the 10 for One reverse play, it'll go to 100 million. Um, is it time for me to make a trade? Uh, I'm about to go long in the market here Maybe Maybe. I'm ready I'm ready I'm ready I'm ready. Good thing I didn't go long because it almost instantaneously got smacked if we push above this.

I'm gonna go long. So I'm waiting right now. no position. I'm gonna do it in the Futures Market because I like the way that it makes me feel.

but uh, waiting, waiting waiting waiting. I Want a nice clear break above 38161 I Want it to be a nice showing of momentum and then obviously my risk will be the intraday low at this point, but haven't done anything yet? Wish me luck, team. Wish me luck. Uh.

follow-up Matt Doesn't a smaller flow make individual trades more impactful depending on how you're finding impactful? Yeah. I mean the less shares there are, the more volatile a stock can move to. the upside or the downside low floats. the lower the float the uh, just higher volatility can move but in both directions.

Wow, this thing is actually just still getting murked. Good thing I didn't buy I'd be upset. maybe we get a double bottom coming up. Is ape a better deal than AMC right now? Um, what do you mean a better deal? Because I think right now this is kind of solidifying the Arbitrage trade.

but you don't know what price they're gonna meet at. Um, so that's the thing with Arbitrage trades. You're just looking for them to hit a price parody. but you don't know where that parody is gonna be.

You're just trying to capture the Delta between the two. Oh, numbers just came out. What were the 10 a.m numbers today? Man, today's sucking uh, leading economic indicators came out just now and apparently the market is not liking them. Wow, dude, this Market is getting crushed today.

Uh, I'm still not doing squat I mean we're seeing too much weakness still sitting on my hands. oxy getting slaughtered AMC Ape combo down seven percent right now. What else do we have? How's Microsoft and Microsoft's not looking too good? Jeez. Jesus Lil Oasis The Market's straight up not having a cool time today.

It also it also must have had a little bit too much eggnog yesterday. Uh, what else do we have? Uh, what? It sounds to me like AMC is not just asking to add common stock as well as to remove common sockets. The board sees fit. Am I Reading that right.

you can't remove stock. No, they can dilute it. Like, what do you mean remove stock? That's weird. You can't just remove stock.

You can't just be like, hey, those 100 000 shares is gone. Done. So that's not really how it works. Um, and you add stock when you're diluting, you're selling something new to the market.

Uh, so if we vote to convert ape to AMC and then improve the split and vote no to arbitrary dilution, then that should get us in a decent position just trying to understand what do you mean? a decent position. In the second step of their proposal, they're doing a reverse stock split that would be removing. No, it's not. Um, that is basically taking 10 of your stocks and pushing it all into one.

That's not just remove. If you're saying removing it sounds like something like literally disappeared. Everything's counted for. Basically, it's a transformation of every 10 stocks moving into one.

They're not removing stock though. they're transforming 10 shares into one share. So even though you have a tenth of the amount of shares in your account, theoretically, they should be 10x the value. So financially, it's no change for you.

You have a tenth of the amount of shares at 10x the price. No. Shares are deleted or removed or anything like that. dude.

holy is this Market going to stop selling at any point. Foreign: 29. Now the music is kind of sad. a little bit too real.

a little bit too real. Let's go into something a little bit more upbeat. John To him. All right.

switching to the three, switch into the three. switching to the three foreign. a little too real for the day. All right.

Quick reminder: in about 25 minutes, we are doing the giveaway. Uh PS5 Beats headphones Nespresso Nintendo switch all that good jazz. Uh, that's going to be happening at 10 30. Well, it's been learning experience watching 4K and unrealized games turn red.

Why'd you let it turn red? How's her? Bye bye uh Matt Have you ever been part of a reverse plate that was good? I Have not. Have there ever been reverse splits that are good I'm sure if you look into it. yeah, but most reverse splits are not received well by the market. uh Dave Lauer Responded to Port noise tweet what uh can someone break down what's going on with the AMC and Abe like I'm not the founder of my own imaginary tradingford and am stupid.

Here's my take: so Ape is up 90. AMC's down 50. To me, they're the same company except AMC's real name is sort of a made-up meme stock for super fans. So meme sucks which isn't real is way up and the company is way down.

They're hoping Meme stock saves the real stock. How'd I do not right? foreign. The price disparity between AMC now reflects the odds of the shareholders approval of the conversion of Amcdape, while also reflecting the overall discount from dilution. the price is spread between AMC and Ape now reflects the odds of shareholder approval of the conversion of Ape into AMC, while also reflecting in overall discount from dilution.

Market Skeptical the conversion will be approved, otherwise they'd converge much quicker. I As always, Dave Lauer is exactly right. Can someone if enough of you comment under this? we could probably get him on to explain it to him. Just say Matt will explain it to you under this tweet.

It's kind of one of his smaller ones, so we have a chance to like, actually be able to discuss it with them. We could. I would totally explain it today. fortnite.

Why not? Why not? Why not? Why not? Because I mean his breakdown's not right. Can someone break down what's going on with AMC like his? So Ape is up 90 AMC is down 15. So to me, they're the same company. Well, they are the same company.

They have the same legal and financial claim to the company except AMC Israel and Ape is sort of made up meme stock for super fans. No, this part is wrong. It's not like they have the legal, the same legal and financial claim to the company. So memesock, uh, which isn't real is way up and the company stock is way down.

Uh, they're hoping meme stock saves the real stock. They are hoping the meme stock saves the real stock. They are hoping that that's part. but you shouldn't say way up and way down because that's uh, too short of a time frame.

You're looking at its performance today when in reality you want to look at it ever since the creation of Ape. So this is basically beneficial to people who got into Ape yesterday and the combo is down 3.5 percent. Adam Aaron says this could trigger The Squeeze on AMC with the lower flow AMC going to go crazy, he's calling out synthetics and dark poles. Uh Liverpool you're lying AMC says this Adam Aaron says this could trigger The Squeeze on AMC You are literally lying because he would never ever say that who's like Liverpool You're like literally just straight up lying to people in here like what, uh why why the would you lie to people like that Adam Aaron Said this will make it squeeze.

No, he wouldn't. You're literally lying. What a what? Why would you lie like that like you're literally just lying. That's crazy.

What a stupid thing to say. The market getting murked right now Jesus matters. The AMC Community is a cult. Change my mind.

Guess it depends on how you define a cult. uh uh Dave Lauer tweet What has he said now? uh we read that already. The one with uh Portnoy my husband wanted to say so I let him take 100 wait. He was terrible at non-emotional fomo and every pump trying to catch fine eyes you can was down under I'm a what the people are crazy man.

the Office of the Attorney General the Bahamas announced that the extradition of Sam Bakeman free to Okay blah blah will depart for the United States tonight is he back post jail Sam Bateman freed looking rough. Is he in the U.S now Caroline Ellison and Wang uh both have available at a quarter Mill The ridiculous number given their assets for comparison had about 10 million. They were getting a sweetheart treatment from the Doj. Dude is the world just like imploding today.

Is that what's happening Dude? Holy things are just getting slaughtered out there kids. this is. Uh, if you're looking for support I mean we're at the point of just talking about 377 and some change. So about two dollars south of where we are now.

Baru? Hell damn. Truly brutal. Truly truly brutal. Uh Matt What people are what people are doing right now is dumping AMC 2 Ape dumping AMC To ape How do you know they're going into Ape though? Like how do you know those are the same parties? Obviously some people are selling AMC and other people are buying eight.

But why do you think that they're the same people? Like what if certain people are just coming out of nowhere logging ape and what if other people are just selling AMC like we don't know if it's the same cohort AA says he gets heartburn eating pickles. um Matt I own 1700 ape and 600 or 7900 AMC and 608. How will the conversion affect me? Basically, you're gonna add those two numbers together so you'll have 2300 AMC Uh, 2.3 000 AMC And then it'll be a 10 for One reverse split so you're going to end up with 230 AMC but theoretically it'd be at 10x the price AA tweeted AMC Buying Blockbuster in Myspace foreign C Entertainment stock I've never watched that one I have the exact same thermostat Epstein's body, no body, no death. What are you guys talking about over here When I bounce from Chad to chat, It just gets crazy.

Uh, doesn't High float make it harder for a stock to move? It would lower flow, increase potential volatility. Yeah, the lower the float, the higher the potential volatility in both directions though. Tesla Vomiting potentially going into the 120s Jesus this thing might go sub 100 by the time it's done. Crazy crazy crazy Matt Just say you are buying more AMC The price will jump guaranteed.

Uh I'm not going to say that because I'm not buying more AMC and I'm definitely not buying more. Ape Ape traded 80 million shares today already. Yeah, probably the R play I Think a lot of people are stepping in for the Arbitrage opportunity. Adam Aaron the next CEO of Twitter You never know.

Um, all right. what's Happening Here Is it time to do something? No, it is not. Cannot I Really thought today was going to be amazingly Green Day I Guess there's still time I guess we could still be optimistic about it. Uh, how many of you have figured out how to do this? Where are we at? Where are we at 186? Uh, we're gonna be doing this in about 10 15 ish minutes.

Uh, make sure you are commenting, commenting, commenting exactly the way everyone has. perfect perfect uh, macrosatlocals.com If you want a chance at winning uh, a cool present, a cool present Uh hey Matt your hat is tea bagging you sometimes. that's how life is. What's the general Vibe of this on Twitter Oh, shout out Club Foot Billy Ape Radio giving the absolute worst explanation of what's Happening aims Ape to convert to: AMC Outstanding shares of Ape AMC Combined over 1 billion reverse stocks.

but AMC 10 shares of AMC equals one share. Yeah, that's exactly what we've been saying. What are they saying in Ape Radio? Are they just saying incorrect things? Where is Ape Radio? Powerful Photograph a bag of his belongings, a disassociated Sam A lot to study in this dude. He looks rough, he looks, um, is this gonna ever bounce today? like at all? I Stopped listening to them in Ape Radio too much of them finessing themselves all the time.

What is Ape Radio we got? is that like a Channel or something? Matt This is exactly what they did with Cosm. They did a reverse split with Cosm, but they didn't merge some preferred Equity unit back into it. so not exactly the same. They the only similarity between Cosm and this is like a reverse split, but many things do reverse splits.

What's your favorite? AMC Conspiracy like the one that I just find to be the most humorous is sent you Ape Radio. What is it? I don't know where you sent it. uh I say we go get a a like Clark Griswold did on Christmas vacation. No, we can't do that if we can't go get anyone Twitter is not worth it.

Oh okay. I'll take your word for it. Ape Radio is awful. Geez, it sounds like I'm not missing out on too much.

then you guys don't seem to be that stoked about it. I'm excited for the giveaway because apparently no trades are happening quite yet. No opportunity. so this conversation should close the spread between the two.

This conversion. Well, it's kind of the way you should look at it is. whatever the difference is, That's how uncertain the market is that the conversion will go through. If if the market was very, very confident that the conversion will go through, they would be trading at like roughly the same price.

But the fact that AMC is trading at 450 and Ap's trading at a dollar twenty three. It kind of tells you that the market is very dubious of the conversion going through as of now. Foreign. Obviously things will change.

I'm I'm looking at the SEC filing right now. It doesn't look like they have a date yet of when this will go out. So I guess they have to get like all the materials out to everyone who votes and wherever you own it. Whatever.

Brokers you own AMC on that, they'll be reaching out to you, that brokerage will be emailing you. like when you can vote foreign. Is this special meeting in the vote? We don't have any of that right here. I'll show it to you now.

Um, I'm not seeing anything about a date so I'm sure that will be coming out in the future. Um, and I it's not gonna be like one of those things where you like miss it like I don't think it'll be like a secretive covert thing. I mean they're gonna make a public announcement, they're gonna give us the dates, blah blah blah. all that good stuff.

You know who's really stoked about this is in Tara Geez, they doubled up their money. They're stoked. How are you voting? Matt I don't know I want to think more about it? Um, the one that I can tell you about that just doesn't really matter. like it's not going to be of like it's kind of a nothing.

Burger is the 10 for One reverse stock split because remember, it's all about your money. Um once again, it's the example of 10 one dollar bills Going to one ten dollar bill. you still have ten dollars. It's just you have a lower amount of bills.

or if it's a split, you have more bills, blah blah blah like that type of a thing. So to me if they're just doing that so they don't get delisted like that's fine. I'll vote Yes on the 10 for One reverse play. It doesn't really matter.

Uh, the other ones though I think need more time to think about I'd rather vote for new leadership. The 10 for one lowers the float which tends to be positive. No, it doesn't Lower flow is more positive, but not when you get there. by way of a reverse stocks play.

you do a reverse stock split. When you're worried about getting delisted, that's not a good sign. So to say that that's positive, it's not I would say it's a positive thing when something has a lower float because it can move more volatility especially if you're a day trader active Trader Uh, yada yada yada. But the reason of getting a lower flow in this case is concerning.

does the implied volatility Spike on the 10 for one I don't know. Wait, why was that deleted? I think uh Jacob your thing was accidentally deleted because the implied volatility Spike on the 10-1 make cover calls a good option post reverse split post Not necessarily no I don't I I Don't know if I'm following your reasoning, but I think you're making some jumps that I'm not following. Uh, there are now far more Ape shares than AMC so the vote will be Yes, there's far. Well, there's more I wouldn't act like dramatically like there's like a crazy amount more.

Um, there are more. but that's also the on the Assumption of like what are you assuming that everyone who owns Ape will be voting? Yes, because you're looking at both, You have to consider the pool of votes of people who have AMC ape and then who people who have AMC and a um as of now the market clearly not liking it. the AMC 8 combo down 5.6 percent AMC itself is down 16 while Ape is up 75. had only AFC people.

but you know, like they will both vote. Remember AMC and Ape shares were created to be mimics of each other. So AMC and Ape have the same financial and legal claim to the company. so in this case you would both vote Matt Can you explain why a reverse split is usually not a good thing in the market? Because most of the time you're doing a rev