@pekss:
AMC or APE: Hold both or Sell?The issuance of $AMC Entertainment Preferred(APE)$ units is in its essence a fund raising by $AMC Entertainment(AMC)$. Issuing more common shares was not popular with AMC’s common shareholders who had voted against the move. Hence, the moves theater chain found a workaround without shareholders’ approval and capitalising on the hype from its meme supporters by issuing the preferred equity units.It appears that AMC’s cash flows from operations are unable to sustain its operating activities, and that it has to seek external financing. This does not instil confidence in me on the company's prospects.Hence, I did not buy AMC shares to receive APE units, and neither would