aber ich kenne das, meine statements fallen meist auf taube ohren
nochmal in plain business English:
How many AMC Preferred Equity units are there?
• Theoretically, over the lifetime of the security, the maximum number of AMC Preferred Equity units
that could be authorized over time is up to 5 billion (based on a total number of authorized preferred
stock of 50 million).
• However, the AMC Board currently has only authorized the equivalent of 1 billion of these AMC
Preferred Equity units that can be issued now. 516,820,595 of these 1 billion AMC Preferred Equity
units are being issued this month to shareholders as a dividend.
Are the AMC Preferred Equity units convertible into common stock? If so, when?
• Technically yes, the AMC Preferred Equity units can convert into common stock, but only if the AMC
Board proposes and then investors vote to approve an increase in the number of authorized shares
of common stock, in an amount at least sufficient to permit the conversion of the AMC Preferred
Equity units into common stock.
Can AMC issue the 483.2 million AMC Preferred Equity units in the future without shareholder approval?
• The shareholders of AMC already approved the creation of AMC preferred equity back in 2013 and
delegated its future issuance solely to the AMC Board of Directors.
• Authorized but unissued AMC Preferred Equity units can be issued in the future in the same way that
AMC can issue authorized but unissued shares of common stock. Normal regulations and
requirements with respect to share issuances apply, including potential filings with the SEC and public
disclosure, along with the circumstances under which shareholder approval is or is not required.
• AMC Preferred Equity units provide AMC with a currency that can be used in the future to further
strengthen our balance sheet, including by reducing our debt and other liabilities. The AMC Preferred
Equity units also give AMC the ability to invest in shareholder value-enhancing and transformative
M&A investment opportunities. In addition, the flexibility provided by the Company’s AMC Preferred
Equity units immensely lessens any survival risk as we continue to work our way through the impact
of the COVID pandemic towards recovery and transformation.
da steht aALLES, was mann und frau wissen muss ... die conversion in common shares ist nur eine formsache, da sonst die APE aktionäre am upside nicht teilhaben können, weil bisher das wertpapier nur eine vorzugsaktie ist, die im insolvenzfall vorrangig steht ... da AMC und APE aktionäre relativ kongruent sind, ist die ausweitung der commons reine formsache ... ergo hat AA die community verarscht, die vor ein paar monaten noch gegen eine KE gestimmt haben, und jetzt hat er die möglichkeit, knapp 500 Mio. (= 100% der aktuellen number of commons) neu herauszugeben, um frisches kapital aufzunehmen ...
da ist alles nicht so kompliziert zu verstehen (auch wenn ich vllt. aus dem bereich komme)
clevere menschen nehmen das als klassisches arbitrage-geschenk an .... short AMC, long APE (siehe chanos) |
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