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The Chancery Daily and the Case of the Apes and $AMC

Yet Another Value Podcast

CHAPTER

AMC's Failure to Hold the Vote

AMC was limited to like 550 million shares or something by their charter. They tried to get shareholders to a pretty an increase in their share account. And even though I believe shareholders voted in favor of that, because it's a largely retail shareholder base, they couldn't hit the quorum that they needed to get the share accounts approved. So they canceled it if I'm remembering correctly what happened.

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