Any investors looking for a verdict on the AMC Preferred Shares (NYSE: APE ) resolution may soon have their answer. According to Seeking Alpha, a date has been set for a hearing on the subject between June 29-30. Specifically, it will be on AMC Entertainment's (NYSE: AMC ) plan to convert APE units to common stock shares to generate equity. While AMC stock is rising today, APE has been trending downward all morning.