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

Yet Another Value Podcast

CHAPTER

The Apes and AMC: A Creative Transaction Backed by Our Carrot Capital

The depository agreement had this provision in it that said basically, if you have an un instructed share, this 1 100th of the depository share. This is a type of provision that is not unique, even though it seemed unique when it came to light. It turns out that banks have used these preferred shares this way in the past.

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