AMC Entertainment Holdings Inc. Preferred Equity Units each constituting a depositary share representing a 1/100th interest in a share of Series A Convertible P (APE)

AMC Entertainment Holdings Inc. Preferred Equity Units each constituting a depositary share representing a 1/100th interest in a share of Series A Convertible P (APE)
- Cap: $215M
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Q: Jim Chanos (Shorts) said on CNBC yesterday that it is a no Brainer to buy APE since there is is a proposal to convert all APE shares to AMC in March at Face Value. APE is trading today at $2.35 &AMC at $5.11.
Sounds too God to be true???
Thanks!

Read Answer Asked by Austin on February 01, 2023