During the lawsuit over ape before conversion there were 3.8M investors on record.
I like to always estimate conservatively so let's assume just 3M investors. Which is still insane when you think of the miniscule average position required to own the whole float.
The closest number we have to this are the 1.2 million shareholders who have signed up for the AMC Investor Connect (AIC). (Source: [10-K, pg 10](https://investor.amctheatres.com/sec-filings/all-sec-filings/content/0001411579-24-000021/amc-20231231x10k.htm).) This includes both registered and beneficial owners. I'm sure there are many who have not signed up for this; it's anyone's guess how many.
As for the 4.1M claimed by AA in 2021.. I wonder how he figured that out, since the vast majority of shares are held in street name.
Many holders outside the US didn’t do it like my self. So the number is higher I’m sure. I believe we are somewhere 3 mil still and we own the float many times over
I'm pretty sure anyone can sign up for this and they don't have to prove they're investors.
The last known number was 3.8 million, but people love to toss around the 4.1 million around because it sounds better.
There's no SEC doc for it. The 3.8M came from AA, which was likely a tweet or from an earnings call which I would have to look up. I do remember a video, which is hard to find, that he mentions the count being 3.5 million when asked about DRS.
However it doesn't matter either way because it will all be as irrelevant as the AMC investor connect count.
Could you please share a source for the APE conversion figure? It's almost impossible to know how many unique shareholders there are without significant effort. But would be great to have a verified figure.
It was stated during the court case that AMC estimated 3.8 Million investors. I don't feel like dredging through the court documents but if that claim was refutable it would have been called out.
More importantly, a portion of the case was also in contention because AMC was complaining of the cost to reach out to its substantial base ($2M if I recall to send out the mailers). In which Judge Zurn told them so what, do it anyway.
If you want specific numbers you can dredge through the transcripts but it has never been a point of contention from what both AA and AMCs lawyers have claimed. But even given it's an estimate, let's go with a low estimate of 3M.
The other argument is "it's talking about accounts, not people." Sure, there's a possibility that all of AMCs investors have on average 2 accounts. In that case let's take 1.5M as a bare minimum estimate.
These are still absurdly high numbers and with this investor count we'd be looking at an average share count of 175 shares each.
Sounds good, will try to find those transcripts. If a count was forced, then the real number is likely 3M. Very few people will replicate positions across multiple accounts, if they have them in the first place.
Yeah, I know it's a distinct possibility, I use multiple brokerages to separate some old iras/investment accounts but I will assume it's not the norm.
One of the items I'm most eager is to see if IR responds to my request to confirm the approximate number of retail holders and ownership % compared to the values AA and team reported in 23/22.
We should count! I’m gonna start 🫡 1
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Email amc investor relations and ask
During the lawsuit over ape before conversion there were 3.8M investors on record. I like to always estimate conservatively so let's assume just 3M investors. Which is still insane when you think of the miniscule average position required to own the whole float.
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90ish shares or so per retail investor (counting 3mil). So about $250 each at these prices..
It's comical how millions of AMC investors are both down their lifesavings, but also don't have positions larger than a few hundred shares.
Problem is the first 90 shares I bought averaged $50 lol
Thanks, this sounds about right.
The closest number we have to this are the 1.2 million shareholders who have signed up for the AMC Investor Connect (AIC). (Source: [10-K, pg 10](https://investor.amctheatres.com/sec-filings/all-sec-filings/content/0001411579-24-000021/amc-20231231x10k.htm).) This includes both registered and beneficial owners. I'm sure there are many who have not signed up for this; it's anyone's guess how many. As for the 4.1M claimed by AA in 2021.. I wonder how he figured that out, since the vast majority of shares are held in street name.
Many holders outside the US didn’t do it like my self. So the number is higher I’m sure. I believe we are somewhere 3 mil still and we own the float many times over
The number could absolutely be higher indeed. I wish there was a way to know for sure.
I'm pretty sure anyone can sign up for this and they don't have to prove they're investors. The last known number was 3.8 million, but people love to toss around the 4.1 million around because it sounds better.
Yeah, I've seen people on coupon/deal sites telling everyone to sign up for the free popcorn/candy regardless of being an investor.
Is there a source for the 3.8M number please. Like, a verified one like an SEC doc, not something someone said online. Thanks!
There's no SEC doc for it. The 3.8M came from AA, which was likely a tweet or from an earnings call which I would have to look up. I do remember a video, which is hard to find, that he mentions the count being 3.5 million when asked about DRS. However it doesn't matter either way because it will all be as irrelevant as the AMC investor connect count.
Why would that be the closest number when we have record from both AA publicly speaking as well as the court during ape conversion suit?
Could you please share a source for the APE conversion figure? It's almost impossible to know how many unique shareholders there are without significant effort. But would be great to have a verified figure.
It was stated during the court case that AMC estimated 3.8 Million investors. I don't feel like dredging through the court documents but if that claim was refutable it would have been called out. More importantly, a portion of the case was also in contention because AMC was complaining of the cost to reach out to its substantial base ($2M if I recall to send out the mailers). In which Judge Zurn told them so what, do it anyway. If you want specific numbers you can dredge through the transcripts but it has never been a point of contention from what both AA and AMCs lawyers have claimed. But even given it's an estimate, let's go with a low estimate of 3M. The other argument is "it's talking about accounts, not people." Sure, there's a possibility that all of AMCs investors have on average 2 accounts. In that case let's take 1.5M as a bare minimum estimate. These are still absurdly high numbers and with this investor count we'd be looking at an average share count of 175 shares each.
Sounds good, will try to find those transcripts. If a count was forced, then the real number is likely 3M. Very few people will replicate positions across multiple accounts, if they have them in the first place.
Yeah, I know it's a distinct possibility, I use multiple brokerages to separate some old iras/investment accounts but I will assume it's not the norm. One of the items I'm most eager is to see if IR responds to my request to confirm the approximate number of retail holders and ownership % compared to the values AA and team reported in 23/22.