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Help me understand this

My understanding so far.

$APE is going to be an actual meme ticker.

APE is going to be valued at 1/100th the value of a preferred share. AMC common shares are equal to 1/100th of a preferred share. This is going to play out just like a 2:1 stock split, but will convert a portion of the company's value to the new ticker. I don't know what the ownership ratio is without digging deeper, but the equation would be (Total company value – Total value of locked shares = Full float value) (APE = Full float value / 2).

It will functionally dilute the float by 100%.

This is 3D chess alright. Complex stuff.

Submitted August 06, 2022 at 08:22AM by TheRockindawg
via reddit