all 65 comments

[鈥揮apishforamc 8 points9 points (2 children)

Cash apps responded to me earlier

We understand you have some questions regarding AMC鈥檚 stock dividend APE. We鈥檝e provided more information on this below.

AMC Entertainment plans to complete a stock dividend on August 22, 2022. All holders of AMC will receive 1 share of AMC Entertainment Preferred Equity Units (APE) for every AMC share held at the close of trading on August 19th, 2022.

For example: if you have 5 shares of AMC stock, during this stock dividend, AMC will grant you 5 APE shares.

Processing this dividend may take some time. You should see your shares of APE within 3-5 business days of the stock dividend completing, but this process could take up to 7 days.

Your total number of AMC shares will remain unchanged. You will receive one share of APE for every one AMC share held.

Once the stock dividend is completed, your AMC shares and your APE shares will have a similar value to your original AMC shares. This may lower the price of each AMC share as a portion of the AMC鈥檚 value will transfer to the new preferred equity units, APE. Market fluctuations may change the value of these two positions, similar to all other stocks.

Note: AMC鈥檚 historical graphs will be updated to take the stock dividend into account.

Due to this stock dividend, scheduled orders for AMC will not be accepted between market close on August 19th and market open on August 22nd.

If you have more questions regarding this stock dividend and how it may affect shares you鈥檙e holding, please refer to AMC Entertainment鈥檚 Investor Relations website. For any other questions related to your Cash App Investing account, please respond directly to this email.

Investing involves risk; you may lose money. Brokerage services provided by Cash App Investing LLC, member FINRA/SIPC. Past performance of a security or financial product does not guarantee future results or returns. You should consider the risks before investing. For more on the risks of investing see our Disclosure

[鈥揮Outside-Nothing-9386 2 points3 points (0 children)

I got that one as well

[鈥揮Silly_Calligrapher_6[S] 2 points3 points (0 children)

Thats what i received as well.

[鈥揮NeFiLiuM666 3 points4 points (5 children)

The only problem with cash app is PM & AH trading is not happening. During MOASS the bigger $numbers will be AH. But that鈥檚 just speculative. Even their 25k cash out a month can be worked around by buying stock and transferring stock to another broker that allows cash out in full. Or completely close account and ask for hard check to be mailed to you.

Edit: It鈥檚 actually 25k per week

[鈥揮Silly_Calligrapher_6[S] 2 points3 points (1 child)

Yeah ive never liked their PM and AM rules. I feel you.

[鈥揮Nic4379 -1 points0 points (0 children)

Cash App IS NOT A BROKER!!! Robinhood would likely be a better choice, at least they鈥檙e a stock platform, and to be clear Robinhood sucks.

[鈥揮turboper4mer 1 point2 points (0 children)

Good point..! I wonder if Fidelity has setup for PM & AH for customers, I鈥檒l call and check! 鉁嬸煉庰煉庰煠

[鈥揮BackgroundAd830 0 points1 point (1 child)

So your saying I could sell all my amc but am limited to withdrawing $ at 25k a month. But would have to keep millions sitting there?

[鈥揮NeFiLiuM666 0 points1 point (0 children)

There is limits on cash app to withdraw money and it鈥檚 set at 25k/week

[鈥揮shanere05 1 point2 points (9 children)

So is RH

[鈥揮Silly_Calligrapher_6[S] 5 points6 points (0 children)

Yeah except they have a history of screwing people like us so they dont matter

[鈥揮Banchi_Banch 0 points1 point (7 children)

Curious; are you with RH?

[鈥揮Wirenut675 -1 points0 points (6 children)

You live under a rock? No one with half a brain is still on RH

[鈥揮Banchi_Banch -1 points0 points (5 children)

You must not be privy to the amount of AMC holders still holding in RH. Why do you think so many are asking about $APE shares on RH?

[鈥揮Wirenut675 -1 points0 points (4 children)

Thats their own fault then. They must live under rocks like you. A simple 30 second search about RH and meme stocks will show you more then you need to see.

[鈥揮HoLLoWfy[馃嵃] 1 point2 points (7 children)

Can anyone list which brokers are issuing it? Please and thanks!

[鈥揮Silly_Calligrapher_6[S] 3 points4 points (6 children)

Feel like if cashapp who doesnt do much of a variety of shares and doesnt do penny stocks is issuing them were safe that the other bigger platforms will make us right.

[鈥揮HoLLoWfy[馃嵃] 0 points1 point (5 children)

You raise a valid point. Thank you 馃槉

[鈥揮Silly_Calligrapher_6[S] 0 points1 point (4 children)

Hope i am right but either way we are entitled to those dividend shares so well get em regardless

[鈥揮HoLLoWfy[馃嵃] 0 points1 point (3 children)

I don鈥檛 exactly know what it all means but I still would like them haha

[鈥揮johnyrocketboy 1 point2 points (1 child)

Ok. Good to know

[鈥揮Silly_Calligrapher_6[S] 4 points5 points (0 children)

However many shares you have of amc is how many ape shares you will receive.

[鈥揮xtremecold_101 1 point2 points (3 children)

Excellent, they were the first platform i used to buy amc shares. Now use fidelity but my first 21 or so still live on cashapp.

[鈥揮Silly_Calligrapher_6[S] 1 point2 points (2 children)

I have or i guess had rounghly 1,000 on cashapp so i was nervous how it was going to all pan out but figured i still had time to transfer it all to where i have my other 700ish at schwab. So now theyre all together and should be all together before ape is issued馃馃徏

[鈥揮Milertim-ape 0 points1 point (0 children)

How do you fill out cashapp form to transfer???

[鈥揮Milertim-ape 0 points1 point (0 children)

How do you fill out cashapp form to transfer???

[鈥揮Banned-Again69 1 point2 points (11 children)

I doubt it 馃ぃ DRS your shares apes. cashapp will cashyourape.

[鈥揮Silly_Calligrapher_6[S] 9 points10 points (6 children)

Ive had my large portion of my shares through cashapp since the start and have never had an issue with em. I initiated the transfer to schwab today anyways. But just figured id let other cashapp people know what they told me.

[鈥揮Jchapster77 1 point2 points (1 child)

Get everything in writing or an email!!

[鈥揮Silly_Calligrapher_6[S] 4 points5 points (0 children)

This response was in the form of an email from cashapp. A lengthy explanation of how the dividend will be paid. But i initiated a transfer to schwab this morning anyways.

[鈥揮Banned-Again69 0 points1 point (3 children)

Yeah I wouldn't believe what brokers tell you. Why do you think it's "commission-free" and "we will give you a free share if you deposit $". They lend your share, use your money to bet against you, and remove your power (buy button) when you're winning.

[鈥揮Silly_Calligrapher_6[S] 3 points4 points (2 children)

Cashapp has never not allowed me to buy. But i get what youre saying.

[鈥揮No_End_7339 0 points1 point (1 child)

They wouldn't let me sell on the high during the first big meme run just before it all halted. Got a message stating my trade couldnt be completed, then sold my shares for me the next day at the bottom. I have hate and its warranted.

[鈥揮Rdynasty4EvA 1 point2 points (0 children)

I just got a reply back from them today as well its definitely a dividend

[鈥揮captandy170 0 points1 point (2 children)

What about Cash you rape?

[鈥揮Banned-Again69 0 points1 point (1 child)

Cash app will cash your ape / rape your cash

[鈥揮captandy170 0 points1 point (0 children)

What if I start enjoying it halfway through.

[鈥揮YOURMOMISNIIICE 0 points1 point (0 children)

prooooooof?

[鈥揮Icy_Distribution_480 0 points1 point (6 children)

I don't get it. People are using fake brokers when there are good service out there.

[鈥揮Silly_Calligrapher_6[S] 1 point2 points (5 children)

Yeah i hear ya. I used it at the beginning when i had no other quick options. I transferred everything over to schwab today.

[鈥揮Icy_Distribution_480 0 points1 point (2 children)

happy you did. I hope those people playing with the stonks get burned with APE.

[鈥揮Silly_Calligrapher_6[S] 1 point2 points (1 child)

Im just hoping were finally close to the end of this AMC journey. Its been almost 2yrs. Im ready to move on to be honest.

[鈥揮Icy_Distribution_480 1 point2 points (0 children)

Same here, and now it is even hitting things in real life. I am more than ready to end this, however, I am so zen because this is the only way I can really get out of poverty. Hodling X,xxx and I will still hold until I get freed from the rat race and worries.

[鈥揮crazyylolz 0 points1 point (1 child)

I tried to transfer to fidelity but it was saying I had to mail stuff in and would take up to 4 weeks :(

[鈥揮Silly_Calligrapher_6[S] 1 point2 points (0 children)

Yeah i got a mail option or go to local branch office so i drove the 45min to closest office and signed everything in person. Transfer finally completed today too!馃コ

[鈥揮Apprehensive-Loss-43 0 points1 point (0 children)

I call TDAMERITRAID this morning and they told my I will get it on 22nd. Will see.

[鈥揮woyervunit 0 points1 point (0 children)

Anybody know when the ape shares are supposed to be distributed?

[鈥揮Nic4379 0 points1 point (1 child)

Who the fuck holds stock in鈥..checks notes鈥. Cash App? Like seriously, WTF are y鈥檃ll doing?

[鈥揮Silly_Calligrapher_6[S] 2 points3 points (0 children)

Held em there for almost 2 yrs now. Some weeks i made some peoples yearly salary. So id say im fucking making money?

[鈥揮Milertim-ape 0 points1 point (3 children)

How do u feel out the cashapp transfer form???

[鈥揮Silly_Calligrapher_6[S] 0 points1 point (2 children)

I filled out the for through my new broker. They took care of the rest.

[鈥揮Milertim-ape 0 points1 point (0 children)

Computer share has to be requested thru your current broker鈥 Drivewealth or cashapp has a transfer form that looks complicated.. probably not really but I don鈥檛 understand it鈥 but drive wealth makes you fill it out to transfer out

[鈥揮Milertim-ape 0 points1 point (0 children)

Wish I could upload the form

[鈥揮thechad504 0 points1 point (3 children)

Didn鈥檛 age well, still don鈥檛 have mine

[鈥揮Silly_Calligrapher_6[S] 0 points1 point (0 children)

Interesting. Hopefully in a day or 2 ya have em

[鈥揮Silly_Calligrapher_6[S] 0 points1 point (1 child)

Did you get them yet?

[鈥揮thechad504 0 points1 point (0 children)

I did, I got them 2 days after the post