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

Yet Another Value Podcast

CHAPTER

AMC's Uninstructed Shares

On Tara bought the apes from AMC at 66 cents per share. The closing price of apes on the NYSE, this is in the press release was 68.5. It wasn't like apes were trading at $5.50 or something. But what they did do, they bought like a hundred million principal of debt at I think it was 20 cents on the dollar. And I think they made it into apes at R.J. Reynolds.

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