Lurker Post: AMC’s APE-shit CEO Letter to me as an Stockholder via /r/wallstreetbets #stocks #wallstreetbets #investing


Lurker Post: AMC’s APE-shit CEO Letter to me as an Stockholder

đź“· Hello, ConfirmationTobias. AMC Stubs #69696969696969

My fellow AMC shareholders,It's an exciting time at AMC, filled with good news for AMC shareholders. As you may have heard, we reported our encouraging 2022 second quarter earnings results on August 4. There were some 59 million attendees who enjoyed a movie at an AMC theatre around the world from April through June of 2022. That's 168% more guests than in the same quarter last year. Along with their increased food and beverage spending on a per patron basis, as compared to pre‑pandemic levels, they enabled AMC to return to positive Adjusted EBITDA for the quarter, reflecting a sizable year‑over‑year improvement!We also announced on August 4 a special dividend of a new AMC Preferred Equity unit being given tax‑free to shareholders of AMC's 516,820,595 issued and outstanding common shares. The issuance of this dividend is not currently dilutive, as at least for now AMC Preferred Equity units will all go, and ONLY go, to our current shareholder base as of the dividend payment date later in August. These new AMC Preferred Equity units will be traded on the New York Stock Exchange under the symbol, “APE.”The issuance of AMC Preferred Equity units will clarify who is included in our shareholder base and offers AMC investors another avenue to participate in AMC's recovery and growth. Crucially, it also gives AMC a new currency to strengthen our balance sheet through debt reductions and/or capital raising should we choose to do so. This in turn materially lessens our near‑term survival risk, as we continue to work our way through this pandemic. And THAT, fundamentally strengthens our company. We can also use the currency for M&A activity, as we seek new value creating investment opportunities to benefit all AMC shareholders.In my opinion, the creation and issuance of AMC Preferred Equity is the single biggest step we will take in all of 2022 to deeply strengthen your company, AMC Entertainment. We believe, looking at the long term, all this is not good news for those who delight in rooting against us at AMC.Be sure to check out more details around the dividend announcement by visiting our Investor Relations website.In conjunction with these announcements, I am proud to share with you that we also will be enabling you to receive TWO free NFTs, being given to our existing AMC Investor Connect members, as well as to those who join AMC Investor Connect by August 31, 2022.To commemorate our APE dividend and as a token of our appreciation for your ongoing and continued support, you will be entitled to receive a free “I OWN APE” NFT. Please keep your eye out for an email during the week of September 19, with instructions as to how to redeem your “I OWN APE” NFT.Likewise, based on the popularity of the original “I OWN AMC” NFT that was issued in January of 2022, that same mid-September email also will detail how you can claim free an updated version of an “I OWN AMC” NFT. If you redeemed the January 2022 “I OWN AMC” NFT, through this new issuance you can get a second but slightly different “I OWN AMC” NFT. If you were unable to redeem the January 2022 NFT, you can make up for that now, and still proudly proclaim your AMC ownership by redeeming the September 2022 version.Thank you again for your continued support of AMC! Stay tuned for more great offers, and l look forward to seeing you at an AMC Theatre sometime soon.📷Adam Aron
Chairman and CEO

Forward-Looking StatementsThis communication includes “forward-looking statements” within the meaning of the federal securities laws. Statements that are not historical facts, including statements about AMC's beliefs and expectations, are forward-looking statements. In many cases, these forward-looking statements may be identified by the use of words such as “will,” “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “indicates,” “projects,” “goals,” “objectives,” “targets,” “predicts,” “plans,” “seeks,” and variations of these words and similar expressions. Examples of forward-looking statements include statements we make regarding future shareholder distributions, the listing of the AMC Preferred Equity Units on the NYSE for trading and the Common Stock Amendment, future balance sheet strengthening, including debt repayments, future capital and investment opportunities, potential shareholder value and potential recovery and transformation.Additional factors, including developments related to COVID-19, that may cause results to differ materially from those described in the forward-looking statements are set forth under the caption “Risk Factors” and elsewhere in our most recent annual report on Form 10-K and quarterly report on Form 10-Q, as well as our other filings with the U.S. Securities and Exchange Commission (the “SEC”), copies of which may be obtained by visiting our Investor Relations website at investor.amctheatres.com or the SEC's website at www.sec.gov.You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. AMC does not intend, and undertakes no duty, to update any information contained herein to reflect future events or circumstances, except as required by applicable law.Sent from AMC Theatres, 11500 Ash Street, Leawood, KS 66211, USAView Terms & Conditions Contact Us | Privacy Policy © 2022 AMC

Submitted August 05, 2022 at 09:58PM by ConfirmationTobias
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