APE

Joey164

OMG, that’s exactly how I felt. I’m not even joking but I literally thought last year was my redemption year after losing $130K in 2021. Made some good money with Redbox, AeroClean, and then AMC started to run because of APE. But then it all fell apart around December, and all down hell in 2023. Hopefully something positive happens before the end of the year. Otherwise, another negative year.

Im-a-waffle

You are kidding right? The CEO created a new ticker just to dilute more and then after diluting APE and combining the two tickers and issuing a reverse split he diluted more

aka0007

At least my wife reminds me, even when I do smart investments, that it can all go away... maybe that is why I don't YOLO my life savings into stupidity. FYI... this AMC stuff is truly incredible. I followed the whole APE/AMC thing and the recent dilution and after initially taking some losses trying to play it walked away with a nice gain on puts. I think later this year they will dilute again and if you pay attention will have further opportunity to make bank here playing puts. Really all due to this insane cult as otherwise this opportunity would not be there.

Hoytage

>Why doesn’t OP, or you, explain how a blockchain stock market would even function and scale to the size of the NYSE first? To be transparent, I don't know the technical side or either worth a darn. So, take my explanation for what it's worth (nothing). Scaling isn't an issue, blockchain already runs at a scale comparable to the existing NYSE. What I believe OP is hoping would be "solved" by implementing blockchain into the stock market, is the ability to create liquidity with indeterminable impunity for failing to close the loop and return the total # of shares of a company back to the # of share authorized to exist by said company. Truthfully, it wouldn't solve the issue. Accountability is the only thing that is going to solve many issues that have the APE crowd foaming at the mouth. However, just because everyone can see something is wrong doesn't mean anyone is going to do anything about it, right?

Ch3cksOut

> How is that even possible? Why do you think it would be impossible? Note that August was a time of frenzied trading due to news on reverse splitting and APE conversion. In any event, you're talking bogus numbers. The highest nominal FTD in the second half of Aug was 50,780,515 on the 23th, the day before the RS. The split-adjusted daily volume was 264,080,000, i.e. 19% went FTD on that singular day. And the vast majority (99.77%!!) of those were cleared by the very next day!

cstrand31

Don’t worry, AA is working tirelessly to print more shares for those. Or maybe he’ll come up with another literal gold mine to buy or sell more popcorn. He’ll figure out one or another to APE you guys into dilution.

HocMajorumVirtus

That's how I learned. I didn't take the profit from APE when it ran up this time last year, lost 1k when i could've taken the 400 profit and used it elsewhere.

aka0007

AMC is in a terrible financial situation, even with the $325M raised (well that is before fees so the net is lower). This raise came at the price of seeing shareholder's of AMC and APE have their equity drop 50-90% in recent weeks. That is not good. Every ape is a bagholder now. Further, the money raised will only cover a small part of the CAPEX AMC is behind on or will only cover a small part of the debt. They still have over $3B in debt coming due in 2026 which will take multiple rounds of dilution to pay down sufficiently. Even assuming they can buy it all back for a 30% discount that is still over $2B they need to raise which would be at least another 6 rounds of this dilution. Assuming they even pull that off the share price should continue to decline a lot. Further, the box office for Q4, even factoring in Taylor is not looking good and AMC will lose a lot of money that quarter. But if we start looking forward to 2024... with the strike any chance of a continued improvement is going out the window and losses will be very significant further driving a need for dilution. Now I have no idea the exact timing of how the stock moves, but this company is in a death spiral of dilution that will see shareholder value disappear even if the company manages to delay bankruptcy further and further. Also, short interest is not that high here and cost to borrow is not that much, so hoping for some major squeeze is also ridiculous. Basically, invest in AMC if you like watching your money disappear.

New-Ad-7308

APE together strong #MOASS

vancityeyes

Referring to APE that no longer trades...

developingstory

The APE thing feels like a lawsuit or even criminal charges will come down. That was downright malicious, not that suckers didn’t deserve it…

anciar

company is SO bad lol every announcement is worse than the next but that should of been seen when they tried to announce APE and like meme related things, thats a huge red flag. this company will be gone in the next few years.

wolley_dratsum

I sold at $28 so it was over $25....I remember the peak being like $56. It was never over $500....is this to do with the APE shares?

HaveFun____

No, that was Gamestop... they've got 1billion of on their balance sheet to stay afloat for a while and are actively cutting costs. AMC... not so much. Didn't they buy some shady silver mine and when they couldn't dilute more than legally possible they made the $APE thingy and fucked people over with that... That money went traight to the shorts and the board. I think AMC holders are fucked. You cant win if the people who are fucking you are in the board of directors.

mschre2

We can look at AMC stock holders and call them all sorts of names. No clue if they really threw everything they have at this. I really do feel sorry for those that lost a lot of money at this point. But… Something does not add up. Good product, shitty management, I thought this was ripe for a management overhaul. Maybe even throw the company into bankruptcy and have someone pick up the valuable pieces. CNK has shown that you don’t have to have a dog shit balance sheet to survive in this industry. But the current AMC management has got to go. All that said, why does this trade at Apple volumes? This is a company that has a market cap below $10 billion, now closer to $1 billion and yet the trading volume over the past 2.5 years has been insane. Something does not add up and the creation of APE, stealing equity from shareholders, conversion + reverse split. How does this happen? This was the biggest movie theater company before all this garbage. While a small portion of most portfolios, stocks like this sit in various funds that all of us own. How do these shenanigans still exist?

Impossible_Buglar

this is typical of this subreddit. your entire thesis is "quarterly revenues are up, swifty movie, dilution is GOOD actually" if you want to invest in a company like this youd have to do an actual analysis of "is this company going to survive or isnt it". because yes, you can make huge gains on a failing company like this if they manage to weather the storm, but you have no idea if they will or not because you probably have never even bothered to look at their financials and even if you did you probably wouldnt know how to read them. DFV, your APE jesus, does exactly this. thats where his name comes from, deep fucking value. he looks at failing companies on a granular level, their loan terms and shit, to determine if they will survive or not. the deep value is in the ones that survive. but you guys arent doing any of that shit you're just saying "hey i FEEL like this could be a good play and heres 3 surface level "reasons" (read confirmation biases) that i pulled out of headlines, what do you guys think?" its regarded. maybe youre right, but it wont be because you were right it will be because you got lucky

kencyk

AA is like a double headed snake. So many red flag yet that amc group still worship him.. I remember the time when he say AMC have enough fund that can last for 5 years. Less than 2 years start selling off shares to pay for debt. And then sell his share saying he is old… and then proceed to buy a mining company? Do mine gold? I don’t know.. then come out with the APE and now reverse split…

BC122177

Yep. I’ve seen that post and many like it. It’s so odd. I mean, I was a “believer” once. When it popped up to $72 in 2021, I had a bunch of call options and made a killing off of those. Had roughly 500 shares. Sold half because I was a “believer”. I regret that still. After the APE bs, I was out. I knew exactly what they were doing. Pandering. Then the whole popcorn community turned in to a damn cult. You can’t even post factual information on there without being called a shill. Upside or downside, you’re a shill somehow. Then they started bringing politics in to it. Which is beyond delusional. I got called a shill/commie a few times on X/Twitter. In a way I feel bad for them. Many of the “OG Apes” left that play long ago, with profit. New people pop in with NO idea what’s going on. No idea wtf a squeeze even is. They were just told buy AMC - HODL - Get rich. Saw a couple with a newborn (I’m guessing due to their profile pic) on Twitter. Saying they recently sold their home and with profits, they bought as many AMC shares as they could. I tried to tell them to sell pre-split. They called me a shill along with others insisting I was a shill. Made no difference on my but I’d feel bad for them if they still held. Because they would be down quite a bit now. I remember when Rorch (sp?) Capital guy posted on Twitter and YT that he would be selling APE shares ASAP and the amount it shit talking aimed at him was insane. Kinda sad that many people’s first intro to the market was to be ripped off by Popcorn stocks and they’ll likely never try it again.

PapaCharlie9

You left important details out, like what was the price of AMC stock when you opened the call for $2.90 and what is the price of AMC stock now? Did you realize that you have adjusted options (AMC2, not AMC?) Did you buy the call before or after the adjustment? If before, did you account for the adjustment details when evaluating potential profit/loss of the contract after the adjustment? The AMC > AMC1 + APE > AMC2 - APE adjustments were *extremely* complicated. Even if you knew all the details, it would be easy to make a mistake.

No-Version-2123

512 million APE were issued at the time

No-Version-2123

What is interesting now is the public float is 158 mill before the RS is was 524 mill plus APE so in total then 1.58 billion shares got RS'd was APE issued one for one?

nycteris91

I sold a put contract at 4 dollars that expired the week prior to APE conversion. It closed at 4.01 and it expired worthless. Never touching it again.

Future-Back8822

Yeah it'll triple the stock (in shares) just like GME, APE, and AMC. True regard, still living in the past. Covid don't matter no more, you need get out of your tent, use the last of your change on a plane ticket to China, and start munching on any bats you can find...start another covid pandemic, then just maybe your NVAX shares will stop reverse splitting.

Calibak2021

Dude, AMC is not going back to $25. Everyone on this community I started with should learn from the mistakes we made collectively by comparing how we succeeded with Gamestop and how we failed with AMC. For one, we had a co-operative CEO Tim Furlong who didn't dilute the stock and didn;t put a wet towel over the out of control rally in GME shares unlike Adam Aron who did share offerings on the way down from $72 at $55, $40, $33, and then APE at $16 then the reverse split/APE conversion which helped the shorts cover with shares to buy for free at $1.90. Then after the new shorts rinsed and repeated the shorting from $19 to $11 post split, Adam Aron decided to offer 40 more shares to short and cover to the hedge funds. As you can see for a successful short squeeze we need to have the co-operation of the CEO. Tell the CEO, no reverse split even if it goes to the pink sheets, the Reddit movement will hold the shares into the pink sheets and no share offerings or creating unlimited "shares to borrow" or else we will sell out and let the stock die like we did to Bed,Bath, and Beyond.

Agreeable_Regret9653

yeah I guess when you consider APE

iathax

Yes but no. The creation of APE was not approved by shareholders. The voting rights assigned to it were never approved by shareholders.

r8zup

oh he'll go when he announces retirement soon. Now we know why he sold his retirement shares right before APE, he knew it would go down

neldalover1987

Hahahaha. Completely wrong on that one. But also, this was 37 days ago. If OP sold $5 covered calls then they would have executed they wouldn’t have been holding shares. And the CSP play went out the window once the courts ruled that the APE shares shit could be converted.

aka0007

Tough choice with the 9/8 expiry but I would not be surprised to see AMC go to $6 or even lower before this week is over. If you understand this play it makes sense that (1) AMC must dilute as fast as possible and (2) the dilution will kill the stock value. They must dilute - to have a chance of establishing that they can avoid bankruptcy. They said in court that they need to do this, so they are on record with that. You don't want to risk being sued personally (i.e. the management and board) by debtors in bankruptcy for running the company into a worse condition without any sort of plan to avoid bankruptcy, as evidenced by the court filings saying they need to raise money. Dilution will kill the value - Not long ago, in Q4 2022, they tried diluting APE and during the course of selling about $200M worth they dropped the share price from about $2.60 to $0.60. And that was with the arbitrage providing support for APE's price. Here they are starting lower (remember the 1:10 RS) and there is no arbitrage go support the price anymore. Oh, and short interest is way down so no chance of a short squeeze either. Good luck!

Klutzy-Pack-9919

Adam wants retail out. We own the float, and a dozen synthetic floats too. So we challenge AMC's every move and he doesn't like that. Created APE to go around us and dilute and give his elite cronies the ability to approve his plan. And thinks by dropping threats of more dilution we'll fold.. 🤣 I bought more, averaged down. And the rest of my OG AMC GORILLA GANG DID TOO! He even wrote in the prospectus "don't invest in AMC if you don't want to risk losing it all" F*ck you Adam, we already invested and own it all and the Elite SHF and those against us will be the ones that lose everything!

iathax

AA deleted 90% of Retail owned shares knocking the equity ownership of retail to less than 51,000,000 shares and simultaneously created 500,000,000 shares, 100,000,000 of which had already been sold and were majority owned by hedge funds. Retail was now outnumbered 2 to 1 on shares in the float. Then of the 400,000,000 shares shelved 10% 40,000,000 are going to be sold in blocks per the recent 8k filing. It’s not the reduction of the retail shareholders positions that is dilution, it is the creation, conversion and issuance of the APE shares becoming common shares that is the dilution.

BlurredSight

No that was the first time, the second time he was banned from diluting again so he looped around and did it with APE, I think this is the third time

Eagle4523

Disclaimers: I’m too regarded to even tell how much my net loss was - the AMC/APE reverse split stuff seems to have messed w the gain/loss history in the app, but the post reversal equivalent value was around 23 IIRC. Trying to be less of an idiot and stick w boring indexes but still will probably keep some stuff on the side like this to play with.

zeeblefritz

I've been bamboozled again. Honestly with the 10:1 reverse split/APE conversion I couldn't even tell if I was green or not. I should have just bailed when they did the conversion. Now I guess I'm holding to 0. 'Cause fuck 'em that's why.

sane_fear

oh i know, believe me. i've taken tens of thousands of downvotes since AA announced APE. 😭

albertez

“AA fucked us” is just as delusional as the people who thing moass is imminent. The company is a trainwreck and a share issuance was absolutely necessary. There was no alternative. It’s not like AA could have just *not* done the APE scheme. If they hadn’t done that they’d be at literally zero cash right now and bondholders would be forcing them into bankruptcy court.

BlurredSight

Wasn't it a very sketchy approval? I remember there being drama about it because they used APE to bypass the limits they set on dilution or whatever

r8zup

This is just the reality of investing in a company with massive debt, in a crooked market. AMC has a balance sheet problem so shorts are going to keep attacking. Dilution was inevitable. Should have sold at $70 or at the announcement of APE to avoid all this. Nothing left to do but wait now and see what happens

cresstheory2016

Will today be APE extermination day?

Bo0g33ks47

No less than AA the asshat. He created APE to be converted to amc then RS to shrink float to 150 million with 400 million ready to be dumped to get it back to where it was before at 550. Now AA’s cult screaming buy the dip even after they got robbed of their shares.

Agreeable_Regret9653

APE was the biggest scam yet

Overlord335786

APE 

shikarin

AMC truly has been the stock of obvious trades recently. First there was the inevitable convergence between AMC and APE. Now the dilution post split.

No_Nefariousness6370

Without a doubt, AA got his dilution without shareholder approval when he added APE.

todbrgwtr

An APE has entered the chat!!

Exotic_Deer_5074

I think the main issue he had was the 10 -> 1 stock merger of AMC did because of APE, I hated it went from 260 shares worth $3 each to 26 shares worth $12 each math aint mathing. AMC Screwed so many on that decision

n0m1n4l

All of Adam Aron’s moves have been shady AF … I bailed when he announced APE; it was 100% for him to generate money to line his own pockets; he doesn’t care about AMC and this isn’t different from the corporate mindset these days … the EXECs take what they can and don’t care about the common folks or the future of said business

Traditional-Spell733

They actually charged me fees for both AMC and APE. I never bought a single share in APE. I don't understand exactly how I ended up with a share of APE but it had something to do with me owning AMC. Either way, I had maybe $7 in the whole thing and they charged me $76. Crazy.

withersgsreddit

Yeah and it only cost me like 95% of several thousand dollars and 80 bucks for the reverse split and conversion of APE.

mw_37

Had nothing to do with that idiot it was an exit liquidity pump on the APE conversion news

sylphvanas

APE HODL strong 

ChiefWonderBeef

From the OCC Adjusted AMC Entertainment Holdings, Inc. (adjusted option symbol AMC1) options were adjusted on August 22, 2022. (See OCC Information Memo #50897). The new deliverable became 1) 100 AMC Entertainment Holdings, Inc. (AMC) Class A Common Shares, and 2) 100 AMC Entertainment Holdings, Inc. (APE) Preferred Equity Units. AMC Entertainment Holdings, Inc. (AMC) announced a stock distribution of approximately 0.133333 AMC Class A Common Shares per every AMC share held with cash paid in lieu of fractional AMC shares. The record date is August 24, 2023; the payable date is August 28, 2023. Payment of the dividend is conditioned upon the effectuation of a 1 for 10 AMC Reverse Split and APE Conversion as described in the AMC Proxy Statement dated February 14, 2023. The reverse split will become effective on August 24, 2023, and the APE conversion is expected to become effective on August 25, 2023. OCC will delay settlement of the AMC1 deliverables until the contingencies have been met and the deliverables can be confirmed. The NYSE has set August 23, 2023, as the ex-distribution date for this distribution. Adjusted AMC1 options will be further adjusted to reflect the stock distribution Any time there’s a corporate action that direct impacts the shares and they have to be “taken off the market and put back” you will get a Reorganization Fee

ChiselDragon

Saving all of your money in RH and you only do it "for shits"? Not doing any research on the stock you put most of your savings into when the quickest of google searches would have revealed the APE thing you were, until now, oblivious to? I question the truthfulness of any of this, but you learned a valuable lesson I guess. Look before you leap, and make sure you understand where you are putting your money.

RilSG

Bears rejecting economic data is so APE of them. I guess “hedgies are manipulating the data”. Those “evil hedgies” 

Im-a-waffle

Most cash went to operating activities. Inflow came from dilution of APE

Believe_In-Steven

Maybe the CEO Adam Aaron shouldn't of given himself a raise from $9 million to $23 million while AMC was facing Bankruptcy during the Pandemic. The Retail APE'S saved AMC. 🤔👀

failedfuturestrader

This is my 3rd account here, I used to have a flair "GME APE Culler" but I was so addicted to this subreddit I deleted my reddit account. Now I'm back I can never leave this place and daily discussions this is my life now

Hawkeye004

It's almost as if stopping the dilution via equity offerings in 2021 only to spur the creation of APE and diluting to a level difficult to calculate was counterproductive for the stated goals, go figure.

BenRichards79

No, you fucking idiot. I saw him bait all of you baggies by not wearing shorts in a video and then go on to dilute all of your shitty shares. lol APE What a stupid fucking argument. Go ahead, keep burning your cash. Not like I give a fuck.

My-Internet-Persona

When did you write your post? Or did you copy it from somewhere on the internet? On Friday, APE closed at $1.42, so why do you claim that its "current" price is $2? And no, one does not simply take the arithmetic average of those two prices. The trick is to divide AMC by 10 (in order to cancel the 10:1 reverse split), and then try to arbitrage between AMC/10 and APE. Anyway, this ship has sailed, because APE stopped being traded on Friday, at close, so you are late.

Automatic-L0ss

Sunk cost fallacy. Poor souls. It’s these people that unfortunately are the most affected from these schemes from Wall Street. APE shares? Seriously??

Ken5421

Got out of AMC a long time ago. No regrets. AMC is losing money hand over fist. AA is was effectively diluting the stock with APE, giving the shorts an exit so he could raise money. In AA’s defence he is looking out for the company and employees. But AA and the Board have done well personally only because of the support you people gave the AMC. I hope you get your squeeze but my personal feeling is AA sold you out

RemmingtonBlack

LOL.... what the fuck about google it do you not understand??????? and for you to say i am misunderstanding: \- a very large number with a minus symbol next to it along with "AMC"... \- and then another very large number with a number with a minus symbol next to it along with "APE".... \-on an account that I said, I havent even used since AMC was $40 (so YEARS)... you are implying that I cant interpret 2 of the only 3 transactions even on the page... Deposit, Debit, Debit... ....makes you seem a little more dense than I and again.... WHAT THE FUCK ABOUT GOOGLE IT DO YOU NOT UNDERSTAND??? WTF???? I can see why idiotic conversations are the only thing allowed here ​ there is no fucking doubt in my mind now, that there are plenty of you getting fucked...

bigmphan

APE Hodlers?

PapaCharlie9

> The only thing I can think of is that each contract was adjusted to be 11 shares so maybe I just didn’t understand and my cost basis is the amount of the standard contract for 100 just condensed into 11? Basically that's what happened. Though it should be 10 shares instead of 11 shares, unless there's some APE compensation. It's really very complicated so I couldn't tell you exactly and The OCC website is down where the detailed memo could be found. In general, if you hold contracts through a reverse split (you should never do that, for reasons you just experienced first-hand), the goal of the adjustment **is to keep the dollar cost of exercise constant**. So a $4 strike for 100 shares would cost $400 pre-split. If the 100 shares becomes 10 shares, that means the per-share price has to go up to $40, so that once against the cost to exercise is $400 post-split.

ArchangelToast

Most sane APE hodler

terrybmw335

No because they know what their real revenue source is, retail stock traders. This latest APE 10:1 reverse split share sale gambit is going to net $1b in profit, enough to fund them another couple of years.

hrifandi

Thanks makes sense. This was my guess but I wasn't very informed in the AMC/APE saga.

No-Version-2123

I think the plan originally was AMC splits 10-1 then APE goes 10-1 and converts to AMC, Then originally on the 28th AMC were to issue one share for every 10 that you hold which is the dilution but most brokers broke it down on the split which is where it worked out as a sort of 7.5 to 1 split... I think anyway it all got a bit weird that was the split I got which is why one of my open positions is 3.37 shares

No_Nefariousness6370

We were worse when he defied shareholders statement/vote to no dilution and introduced APE, doubling AMC shares so to speak. Then he pulled those shares back into AMC with the RS, it looks like less, but it's way more shares in the scheme of things based on value.

Kimdk87

At first every AMC stock got an APE stock. But suddenly there was sold 500 million more APE stocks into the market.

Kimdk87

werent there like 1 billion APE and 500 million AMC before the split?

No_Nefariousness6370

APE has no volume this morning at all, so maybe it's done. AA still screwed us with that dilution, then rolling those additional shares back into AMC with the RS, less overall shares now, but the dilution he wanted was successful.

No_Nefariousness6370

All my shares show as AMC now as well, yet APE is still trading this morning? Odd, and we continue to get screwed...

No-Version-2123

Well I assume that premarket hasn't opened on APE that it is now closed for trading so who knows when it will convert at market open or close?

No-Version-2123

Mine was fucked yesterday, First they closed all my positions and removed all my cash balance, then they added back 10% of my cash then I got marge called on my APE holding, then my APE holding went missing then a cash balance came back, then my AMC shared loaded and it was showing the $19 dollar price for about 2 hours then it gaped down and half of them got closed fucking weird day

Revolutionary-Gold27

who knows? Saying APE delisted on Webull. Seems odd it wouldnt all happen at same time. Some sort of AMC (dont know which) is still on threshold

No-Version-2123

Morning guys, So does APE convert after hours?

reddragon_rl2604

The large arbitrage exists because there was risk that the APE would not convert. There were lawsuits and a court ruling that ultimately went in the favor of conversion. Once the lawsuits were adjudicated, the process to convert both securities into one commenced and as you slowly get to the convergence date this Friday, the prices converged This was by no means riskless and anyone telling you such including the OP is ill-informed and got a lucky on the court rulings

Debo0715

No one around here has been on the same page since APE was created.

AdSerious2504

Right 10 ape=1amc... I held AMC not APE

fart_box_20

According to the OCC memo delivery is 10 shares AMC from the split, 1 share of AMC from the APE conversion via stock dividend after split, and cash in lieu of .3333 shares. So you're in the money and will likely be assigned. Simplified calculation to find at the money, but not official: (AMC(0.1)(100) + AMC(0.1)(13))/100

johnywhistle

Holy shit you keep impressing me with your stupidity. Stock splits dont impact anything. Goddam at least do some research. APE’s will reverse split as well. Read up on stock splits before commenting more bullshit.

coderboy123

Just look up their SEC filing lol, APE = 1 pre conversion stock. Post conversion (tomorrow), you’ll get 1 share of AMC per 10 shares of APE. The reverse split doesn’t change anything

MontyAtWork

I had a $14.50 average until the APE announcement when stock was like $22. Read the entire proposal and couldn't figure out how it would benefit me as an investor in any way, so I sold, feeling like I was gonna get fucked somehow. Felt scary to get out at the time though because I was worried it would actually be great and I'd have missed out on way more gains, but felt okay with my profit margin. Feeling great about exiting now.

stallion769

Bruh, it’s going to rocket to max pain. Max pain is just where a MM would make the most money but they don’t run the market, they provide liquidity. It was expected to crash to meet the price of APE before the RS. And then when it did RS, it was expected to crash like every other stock that has a RS. And then the CEO is going to dilute causing even more downward pressure. Any squeeze you wanted is gone as soon as that split was approved. I hope y’all continue buying and it finds a channel again, because the IV on that stock is insane and I’ll sell puts all day.

0zeto

I am in germany, we are also big here w8th APE and hence amc. I would like to tell you, we already spreading the message of international embarrassing politicians. We are so close, keep it up, new wave comes.

TrueNeutrino

I'm curious too but there are about 2 times more ape than amc. So I would assume they combine everything and then do the 10:1 reverse split. So I'm thinking AMC at $3 and APE at $1.5 should equal about $6 ($3+$1.5+$1.5) since they are double ape. Then 10 to 1 should put everything at around $60. However today since AMC changed it's dropped to about $15 ($1.5 presplit)

OldLack7618

The 10:1 reverse split came through boosting price to $16 at open today... It seems like the $APE and $AMC Merge will be taking place on Friday (tomorrow) however. As of right now, the Arbitrage opportunity is even more in favor of AMC now, than it was yesterday. We just have to wait until tomorrow for $APE's market cap to merge and boost $AMC's.

TWAndrewz

Sorry, but that doesn't make any sense. When bought the option, I purchased the right to sell 100 shares at $.5. When the reverse happens, my options are adjusted so that each contract gives time the right to sell 10 shares. For that to be equivalent to my original contract, I need to be able to sell those 10 shares at a equivalently adjusted price. As it stands when I look at the option in eTrade, it says that it's adjusted and that the deliverable is 113 shares of AMC. Is that just the post-APE conversion adjustment, but not the post-split adjustment?

genbio64

I have some puts I purchased pre-conversion and they are still showing a ticket symbol of APE2.

UpbeatOrange

i never been so wrong on that AMC APE arbitrage play lmao. Lucky i got out early on tuesday, would probably be down 15K if not

Big-Toe6215

Wasn't he long $50,000 APE with $40,000 of that in calls? maybe I'm thinking of someone else.

No-Version-2123

I will do the market is still showing as offline so I will see what happens when it shows open, I still have some APE shares somewhere else so I may have like 20 after the conversion lol

Kimdk87

AMC and APE are close to eachother now. I think this might be the bottom :)

No-Version-2123

Well my account just got completely 0'd out.... the AMC shares haven't come through so they marg called all my postions so currently I have no APE or AMC

howboutdatboi

Go work. I’m 28 and just lost all my money from 22 until now. $85k into $AMC & $APE now worth only about $32k. Life goes on but it fucking sucks right now. If I was in a room with Adam and Ken Griffin I’d have both my feet up their asses

No_Nefariousness6370

When does APE convert?

No_Nefariousness6370

APE screwed us all

Swapper1967

Crszy. I can still set orders for APE with the old price. ??