NOT FINANCIAL ADVICE

Basically, AMC is creating a new class of shares for the company. It will be traded under APE, AMC Preferred Equity. It will be issued to AMC shareholders on a 1:1 basis, you will have one APE for every AMC that you own. The initial value will be 1/100 of the AMC share and will not effect the price of your AMC share (from what I understand.) This means that it will be initially offered to the public at $.20 (at the current price.) You will receive the dividend stock if you are holding AMC at close of market 8/8/22.

Now the good parts, the potential. Brokers selling naked shorts, which means they are selling shares that they do not own, will have to buy APE shares to issue to their naked short shareholders. Or risk having APE moon on them which could result in incalculable losses if they are ever called in (someone else is going to have to explain the NFT market and the moving of AMC/APE shares to it.) The other upside here is the average Joe seeing an opportunity to buy a potential $50 (or more) stock for twenty five cents.