On Monday morning in a SEC filing, it is said that AMC will work with Citi group to possibly offer and sell up to 425 million preferred APE shares to raise more money if needed.
CEO Adam Aron has made it clear that he believes this is a good use of the APE preferred shares and that having money, liquidity is key when it comes to weathering the storm of any and all market conditions.
The AMC and APE share retail base has mixed feelings on offer more shares (to say the least) and the community of investors are not sure this is the best move for the company moving forward.
“You could lose all or part of your investment. Additionally, the risks and uncertainties discussed in this prospectus or in any document incorporated by reference into this prospectus are not the only risks and uncertainties that we face, and additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect our business, results of operations or financial condition,” AMC said in the prospectus.
Whatever the future may hold for AMC stock and APE one thing is certain. CEO Adam Aron is leading the way and is confident in his choices.