Why Are the APE Shares Worthless?

If there are enough votes, then the people holding the ape shares can convert them into a m c common shares. But if that doesn't happene, it's not the end of the world. He can still issue new ape shares. They still have the same economic benefits. And no one is harmed, really, by having two share classes rather than one. Why do they cost less? Because that's just because people. buy based on vibesand sentiment instead of discounted future cash flows. The economics of movie theatres are not great right now. They even make less movies now than they used to. It's hard to see how the economics of the movineg industry justify a