AMC Entertainment CEO Adam Aron told shareholders in an open letter that the company could be in big trouble if the APE conversion doesn't go forward ... company amid the "meme-stock frenzy." ...

But it still has a way to go before it is considered ... finalized that AMC lost momentum. AMC's meme-stock history may indicate that perhaps an APE dilution might not have a negative effect.

The biggest share, 27% of the supply, will go toward direct token holders ... come from an influential community. The new meme token is backed by Ape Accelerator and Forj, an Animoca Brands ...