At best this changes nothing and they dilute outside the float. At worst they use these shares to regain control of the vote (will investors hold their amc shares AND 100% of the ape shares? Doubt it) since the new shares will have voting rights. They approve on the dilution next vote and dump both floats to complete the rug pull.
The audacity this company has is truly incredible, they're really turning AMC's entire business model into milking its investors dry with gimmicks. From the company that brought you 4 back to back agressive dilutions and selling discounted shares directly to hedge funds to stop the squeeze brings us one more classic. Look more NFT's! Hey buy this mining company's shares from the hedge fund I saved from you guys! Popcorn delivery! And now new votable shares under the ticker "ape" !
I'm floored that people have continued to kiss AA's ass after he literally & deliberately fukked retail out of their squeeze last summer. These guys must be on some ivory tower shyt cause damn