What is an ape investor?
When used by WallStreetBets, the apes are retail investors who are bullish on heavily-shorted stocks like GameStop. If the “apes” are united, then they can be strong enough to outlast those short on the stock.
The APE conversion is AMC's move to convert its preferred equity shares into AMC common stock. APE stands for AMC Preferred Equity. The reverse split and APE conversion are two parts of AMC's plan to raise equity capital and reduce debt. The company has said these are necessary actions to avoid bankruptcy.
APE. Annual Premium Equivalent - a measure of new business sales growth in the insurance industry. The APE includes new regular business premiums on an annualised basis (ie 12 months worth even if the business was only written half way through the year) plus 10% of any new single premium business.
Why did AMC create APE? In short: to raise funds to pay off its debt. AMC has a huge pile of debt and many feared the company would have to file for bankruptcy. But as The Street notes, now that APE shares can be converted to common stock, bankruptcy isn't on the table anymore.
AMC Preferred Equity Units (APE) stock has been flat-lining for a long time. However, AMC Entertainment (AMC) seems to be enjoying robust business lately. Investors should wait until APE stock reaches a key level before taking a long position.
"Ape" has been used as a synonym for "monkey" or for naming any primate with a human-like appearance, particularly those without a tail. Biologists have traditionally used the term "ape" to mean a member of the superfamily Hominoidea other than humans, but more recently to mean all members of Hominoidea.
As of August 25th, APE shares will no longer be tradeable in the app. Once this conversion is complete, for every 10 shares of APE you had owned at market close on August 24, 2023, you will receive 1 share of AMC. This will affect fractional shares proportionately. How will this impact your holdings?
One such quirky term is apeing (ape), which defines the act of buying newly launched crypto tokens, without having done prior research. Such impulsive decisions are often driven by the fear of missing out (FOMO) on potential gains.
Informal. a big, ugly, clumsy person. Disparaging and Offensive. (used as a slur against a member of a racial or ethnic minority group, especially a Black person.)
Over the weekend, a Delaware court approved a merger between AMC and AMC preferred shares (APE) that will make all outstanding shares AMC common stock.
What happens when AMC and APE merge?
“All it does is change the one share of APE unit into a share of AMC, so you're just eliminating the APE units entirely, and if you own one share of an APE unit, you'll get one share of AMC stock,” Bruni said.
AMC launched the APE stock in August 2022 as the company struggled with surging debt and faced the potential of bankruptcy after pandemic restrictions sent movie theater attendance plummeting.
Cautious investors should sell or just avoid APE stock, but risk-tolerant traders could hold a small position.
Technically, APEs are depositary receipts for 1/100th of a share of preferred stock, not shares themselves. [17] Preferred stock is held by a depositary, and the depositary had agreed to vote all of its preferred shares in proportion to how the APE holders voted.
Of the seven analysts covering AMC, the average forecast for 2024 revenue is around $4.67 billion. The most optimistic estimate stands at $5.09 billion, with the most pessimistic projection is at $4.46 billion.
The current population of apes on Earth is approximately 8.9 billion individuals. The vast majority of those apes are of only one species; hom*o sapiens. The other 6 to 8 species of ape alive today only total probably less than half a million individuals combined.
In its verb form, “to ape,” means to imitate. While others might base their organizations on brute strength, men of Alpha are leaders and men of intellect who set the standard for others to follow. We do not “ape” anyone or anything and need to abandon the image of the “ape.”
There are now only about 20 living species of apes and they are divided into two major groups. These are the: Lesser Apes, containing the gibbons. Great Apes, containing the orang-utans, gorillas, chimpanzees and humans.
In the filing with the Securities and Exchange Commission, the nation's largest movie theater company partly blamed the disappointing box office returns on last year's writers' and actors' strikes, which delayed several major theatrical releases and effectively shut down film and TV production for about six months.
At its lows of the day the stock was down more than 11%. AMC stock has been on a downward spiral for months as the theater chain continues to issue stock to reduce its debt, a move which dilutes equity investors.
Why AMC reverse split?
AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares. The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price.
According to the theory, the ancestors of humans were distinguished from other primate species by their greater aggressiveness, and this aggression remains within humanity, which retains many murderous instincts.
The central point of the initiative is the "Declaration on Great Apes", claiming the inclusion of great apes in the "community of equals" and thus securing three basic rights for all great apes: 1. The Right of Life; 2. The Protection of Individual Liberty; 3. The Prohibition of Torture.
Great apes can be described as ecosystem engineers, which are species whose behaviour has a significant influence on their environment. Removing such a species would lead to significant and catastrophic changes to their habitat, having knock-on-effects on countless other species, including people, and the climate.
The poor performance of the NFT market plays a substantial role in ApeCoin's decline. The Azuki NFT collection creators recently raised approximately $40 million in their new launch. However, the excitement quickly turned sour when some major investors claimed they had been deceived.
