The APEs fell 14% to $1.54 in late trading today.
And the box office has made major strides, including this great-looking weekend.
When you have the flexibility to raise capital if it’s crucial that you, its really important.
AMCAP
If it goes into the fall and beyond, the 2024 box office will feel it.
AMC didnt need their authorization to issue APEs, so it was potentially a great idea.
So this year, AMC said never mind.
The plan was approved by a majority of shareholders at a special meeting.
AMCs stockholder base is extraordinary.
It includes a great number of human owners who care passionately about their stock ownership and the Company.
Many of them are connected to each other online.
When notice went out to AMC stockholders, the reaction was unprecedented.
The Court received more than 3,500 communications from approximately 2,850 purported stockholders.
But the Courts role is limited to considering settlement specific issues.
Its not clear what happens next.
An AMC didnt immediately respond to a request for comment.
