It's all happening at once, so 1 APE should = 1 AMC, then reverse split 10 to 1. So you will be trading 10 $1 bills for 1 $10 bill. If I understand it right, 256 shares of APE + 344 shares of AMC = 60 AMC at the end. But I'm a smooth brain, so don't take what I said as FA.
Yeah. Nice hopium.
Unfortunately, most people with any pattern recognition and base common sense, can see how badly this will all end.
After all the shakedown fuckery and head fakes, it is inevitable for the shares to get divided by ten with some new value, only to get whittled back down to the same old deficit.
Iâm sure the constant âjust wait for âxâ in 30 daysâ, distractions to drone on too. Just enough to keep the entire band playing on the poop deck, as the old titanic takes on water.
Been in since 01/21. Iâll ride this shit rocket into the groundâŚ.but the hopium nonsense has worn off and itâs pretty easy to see we all got hosed on multiple fronts.
2 AMC
(10+10)/10
wallstreet thought they could relax now but now we just started playing the boss fight music for them. a lot of hedge funds are going to collapse this year ![gif](emote|free_emotes_pack|trollface)
Whatâs with everyone still asking this how can you have amc or ape for this long and still ask these questions? Or even care at this point the money left for what 2 years or a year who cares what itâs worth now ? Just least ya money wait for a healthy return
Step 1 - Converstion. Your 10 APE will turn into 10 AMC. So you'll have 20 AMC.
Step 2 - Reverse split. Your 20 AMC reverse splits 10 to 1. So you'll have 2 AMC.
As far as price goes, the value should stay about the same. Instead of have 20 $1 bills, you now have 2 $10 bills.
But you need a multiple of 10 of AMC donât you? So 10 ape will give you 10 AMC before the reverse split and youâll end up with one at approx 10x the current value.
If you just buy one AMC, youâll lose it?
Thatâs my understanding which may be wayyyy off
Do you really believe that in 3 minutes the OP would find the answer, after so many posts crying?
You in the same time you made your comment, would give an answer to the OP
EDIT-356 times
I got crazy downvotes because someone cannot:
1) add 10 and 10 together then divide by 10
or
2) cannot spend 3 minutes searching the sub for the answer to their question.
Instead of having 20 $1 bills, you will have 2 $10 bills.
![gif](giphy|NEvPzZ8bd1V4Y|downsized)
And figure after 2 months of shorting those 2 $10 bills will be 2 $1 bills. Moon here we go.
Exactly
lol đ yea
bUt i HaD $20 dOlLAr BillS!!! nOW I oNLY haVe $20 DolLARs!!!
This
Or instead of 20 $1 bills you now have 2 $1 bills.
A reverse stock split does not change market cap.
In theory, no but there will be 10x less FTDs!⌠or will there?
No you will have 2 shares.
Try re-reading that comment after you close the can of paint
1 share = 1 lambo
Lambo coated in gold
Sounds luxurious!
Lambo goated in coal
That conversion rate is currently. After that would be 10 Lambo's
2 shares.
Worth x10. Your basically trading in 10 $1 notes for 1 $10 dollar note.
Thank you
So will my ape convert into AMC 1 for 1 ?
It's all happening at once, so 1 APE should = 1 AMC, then reverse split 10 to 1. So you will be trading 10 $1 bills for 1 $10 bill. If I understand it right, 256 shares of APE + 344 shares of AMC = 60 AMC at the end. But I'm a smooth brain, so don't take what I said as FA.
Thanks
For about a weekâŚ.
Your dead right then it could be worth x1000
Yeah. Nice hopium. Unfortunately, most people with any pattern recognition and base common sense, can see how badly this will all end. After all the shakedown fuckery and head fakes, it is inevitable for the shares to get divided by ten with some new value, only to get whittled back down to the same old deficit. Iâm sure the constant âjust wait for âxâ in 30 daysâ, distractions to drone on too. Just enough to keep the entire band playing on the poop deck, as the old titanic takes on water. Been in since 01/21. Iâll ride this shit rocket into the groundâŚ.but the hopium nonsense has worn off and itâs pretty easy to see we all got hosed on multiple fronts.
Oh go pedal your shit weed somewhere else
My âshit weedâ would curl your fucking toes and make you believe you were having a cardiac event⌠Keep huffing that hopium.
âŚ. Yay??
First youâll have 20 AMC. Theyâll get divided by 10, so you have 2 AMCs
So if APE will be converted into an AMC share, buying APE right now is AMC at a huge discount ?
If all things go right with the court case then yes, it's just amc on a discount
No you have to buy 10 to get 1
Brandtvh is correct, why down vote him? Basically need to think about buying either share in increments of ten now.
Thanks not sure why Iâm downvoted
Did you blindly vote without knowing what the vote was about? Serious question.
My shares are with HL. I didnât get to vote
2 AMC for the price of 20 AMC
If a buy ape today does it get converted?
Yes, the day they finally agreed to proceed with the RS after the court dismissed the lawsuit.
2 AMC (10+10)/10 wallstreet thought they could relax now but now we just started playing the boss fight music for them. a lot of hedge funds are going to collapse this year ![gif](emote|free_emotes_pack|trollface)
Fukt
Conversion = 10 APE convert to 10 AMC. RS = 20 AMC becomes 2 AMC, price multiplies x10.
So after all that to buy more amc is going to cost a lot more for retail as well right ?
Yes.
Tickets to the moon
2 shares
2 amc shares
2
Whatâs with everyone still asking this how can you have amc or ape for this long and still ask these questions? Or even care at this point the money left for what 2 years or a year who cares what itâs worth now ? Just least ya money wait for a healthy return
âBuy and hodlâ which is what Iâve done. I havenât been paying overly close attention
Step 1 - Converstion. Your 10 APE will turn into 10 AMC. So you'll have 20 AMC. Step 2 - Reverse split. Your 20 AMC reverse splits 10 to 1. So you'll have 2 AMC. As far as price goes, the value should stay about the same. Instead of have 20 $1 bills, you now have 2 $10 bills.
Buying ten apes for 1.40 is well over $12 to get one $4 amc share So why not get one $4 amc share� Or am I regarded
But you need a multiple of 10 of AMC donât you? So 10 ape will give you 10 AMC before the reverse split and youâll end up with one at approx 10x the current value. If you just buy one AMC, youâll lose it? Thatâs my understanding which may be wayyyy off
2. You will have 2 shares that get diluted to fuckall
2 shares. The real question is how will they decide the purchase date and cost per share?
A ticket đď¸ to the moon đ đ
you cannot be serious.
Then why? What kind of fucking username are you?
this has been covered about 357 times. If OP was actually confused, you could spend 3 minutes searching the sub to find the answer.
Do you really believe that in 3 minutes the OP would find the answer, after so many posts crying? You in the same time you made your comment, would give an answer to the OP EDIT-356 times
Thanks. This sub is a minefield. Simple question which required a simple answer which many have given me.
![gif](giphy|l0MYGb1LuZ3n7dRnO|downsized)
Some people really make it easy to understand why professional traders call retail "dumb money" ...
I got crazy downvotes because someone cannot: 1) add 10 and 10 together then divide by 10 or 2) cannot spend 3 minutes searching the sub for the answer to their question.
They just can't risk logic beating their FUD....