Of course I could be wrong, but I think the problem is if we (current holders) sell our new $APE shares and institutions buy them, and then AMC holds a vote asking if holders want to convert $APE shares to $AMC shares, the institutions will undoubtedly vote YES.
Once that happens, they can hold a vote about adding more shares. WE said no to new shares last time, but if all this happens, they will possibly have enough YES votes, and then we get diluted. Dilution = No MOASS.
So basically, we can’t do anything with those APE shares. Just let them sit there.
Again, I could be wrong, but that’s what I’m piecing together. We literally don’t need any extra shares. We don’t need anything except for institutions to cover.