E
Ed Lee
Guest
I find AMC/APE more interesting than TWTR/TSLA or BRK/OXY.
AMC($9.37) is worth $0 in BK. APE($6.64) at least pay 1 100th interest, or fancy way of saying 1% and getting all remaining equity. However, AMC has voting right for the next bailout:
YAAPE: Yet Another AMC 2 100th Interest Convertible Prefer Equity Class AA
In that case, YAAPE is worth $4, APE is worth $2 and AMC is worth $1.
AMC($9.37) is worth $0 in BK. APE($6.64) at least pay 1 100th interest, or fancy way of saying 1% and getting all remaining equity. However, AMC has voting right for the next bailout:
YAAPE: Yet Another AMC 2 100th Interest Convertible Prefer Equity Class AA
In that case, YAAPE is worth $4, APE is worth $2 and AMC is worth $1.