AMC/APE: Limits To ArbitrageSummary The upcoming March 14 2023 vote should almost certainly cause APE and AMC values to converge because of specific language regarding how APE units will 'vote'. Once the vote is complete the value of AMC shares could collapse. However, implementation of any 'riskless' arbitrage is problematic given the absence of any borrow. Once the vote is complete, AMC investors may face additional dilution and actually consider what the shares are worth. That may be under $1 (or $10 post reverse split). Male chimpanzee in business clothesWhy APE Shares Should Convert On March 16On March 16, 2023, the upcoming vote will very likely collapse the gap between
AMC's Clever Moves$AMC Entertainment(AMC)$ will charge different rates for different movie theatre seats. The three-tier pricing is based on the location of the seat.The meme stock has made clever moves to revive its floundering share price and mounting debt.The movie theater chain plans to reduce debt to zero by converting its preferred equity "APE" units to common stock. Converting preferred equity to common stock is not unusual but it may be tough to get shareholders to approve of the conversion.If converted, total outstanding AMC share value will jump from $524 million to $550 million. That is not a good thing since the stock price will likely go down. But AMC is getting its preferred share holders to vote alongside common stock owners. That could
$XORTX Therapeutics Inc.(XRTX)$ Xortx Therapeutics is a pharmaceutical company, and one of its primary clinical programs focuses on autosomal dominant polycystic kidney disease (ADPKD). That’s a rare disease that, according to the company, affects over 10 million individuals worldwide.The study, XRX-OXY-101, evaluated XORLO’s effectiveness in treating ADPKD. The trial involved 88 patients and found that XORLO was “well tolerated across the various dosing regimens.” There were no identified safety issues.The most notable result, however, was a “substantial increase in the bioavailability” of XORLO. This doesn’t necessarily mean the drug will be effective in treating ADPKD. However, it does suggest that oxypurinol can be efficiently introduced in
$NVIDIA Corp(NVDA)$ Rallies go higher than you thought they ever would and go on for longer than you thought they could .It's not the time to be short.Inflation is clearly in a down trend .Q1 could retest recent highs and push through.This applies to the indices as well as the beaten down Megacaps.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks with a good story, even if those businesses lose money. But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.' When they buy such story stocks, investors are all too often the patsy. So if you're like me, you might be more interested in profitable, growing companies, like Visa$Visa(V)$ . While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run so
$Glimpse Group Inc(VRAR)$ Tiny market cap for pure play VR/AR company. FB has allocated substantial capital and resources to advancing this market. So has SNAP, which is partner to VRAR . VR/AR/Metaverse is growing at rapid rate and adoption.Time is now to accumulate shares quietly before explosion in media attention as mega cap $Facebook(FB)$$Snap Inc(SNAP)$ , gaming companies and other tech companies bring media attention to the sector.
$Microvision(MVIS)$ Share price should at least be $30 right now 😂😂I honestly feel like $50-$60 in an acquisition The fact that we sitting at $13.55 right now is a joke $Apple(AAPL)$ is working on Augmented reality glasses and an electric car. They could sure utilize Microvisions miracle display engine and miracle Lidar module thats best in class in terms of form factor, range, resolution and the special ability to detect the velocity of other moving objects. $Microsoft(MSFT)$is literally using our “miracle” display engine in their Hololens 2, which the US government is using a Ruggedized version of in their IVAS program that generated a $21 Billion contract.
$Apple(AAPL)$ I feel like this is the market holding their breath before some economic data tomorrow and Biden speech tonight (along with risk off before next weeks event). Apple even says the word car and we will see some gains.