The reason why AMC is still around is that despite losing money for years on end, the company has been able to borrow money in the junk bond markets and sell stock via equity offerings. They've borrowed money far in excess of what they earn, and most of the assets they do have are illiquid and unprofitable. To remain viable beyond the next twelve months, the Company will require additional sources of liquidity, reductions or abatements of its rent obligations and/or significant increases in attendance levels.ĪMC's underlying business is no longer viable for equity holders. If you read AMC's annual report, they only have enough estimated liquidity to last the company through March or so of 2023. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitment on the obligation. Under current economic conditions, AMC loses about a billion dollars a year and has a credit rating of ~CCC, depending on the issuer.įrom Standard & Poor's guide to credit ratings.Īn obligation (debt) rated 'CCC' is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitment on the obligation. AMC now has $10.3 billion in assets and $12.5 billion in liabilities. Data by YChartsĪMC is indeed a meme stock, but it's also a cash-hungry business with more than 17,000 employees on its payroll. "So what," you say, "it will keep going up because it's a meme stock!" Not so fast. There are press releases, there are NFTs, calls for a stock split, and a speculative gold mine investment, but the losses continue unabated. 'Posh' brand funding round for all things cannabis kicks off with S.E.C.AMC Entertainment ( NYSE: AMC) has surged over the last month without any solid business reason that I can see. Glitzy LA luxury private cigar club planned for two blocks from the Walt Disney Concert Hall 6:15 PM Acquires Alpha Growers, LLC and Adds $320,000 in Assets completes Thy News localization testing successfully īranded Legacy, Inc. Memorandum of Understanding Signed by Miranda Water Treatment Systems and Rainmaker Worldwide Inc. Nextech AR Reports Q3 3D-Model Production Jumps 110% and Sees Strong Continued Demand in Q4 Laser Photonics Highlights Key Investment Points for New Investors Progressive Care Subsidiary ClearMetrX Launches 340MetrX Platform to Help Streamline 340B Program and Increase Claim Capture Įlectromedical Update: Strong Q3 Sales Momentum, New Financing, Improved Supply Chain, Expanding Product Development and Production. Green Battery Minerals Completes 2nd Drilling Program At Zone 6 Of The Berkwood Graphite Project UCASU confirms the listing of Dallas land for $2.25 million Įnerkon Solar International announces Change of Control and name Change to New Technology Acquisition Holdings, Inc. 'Wait, what?' Hyundai makes computers and gadgets? 4:27 PM CEO Aron Tweets About AMC Entertainment (NYSE:AMC) and APE Trading Halt.THE REDEMPTION OF AN AMERICAN ICON" Exclusively In Theaters December 5,6 & 7 Only.Statement of Changes in Beneficial Ownership (4).FATHOM EVENTS AND UNIVERSAL PICTURES ANNOUNCE A SPECIAL THREE-NIGHT BLOCK OF CLASSIC "COM-ROMS" TO CELEBRATE THE RELEASE OF THE NEW ROMANTIC COMEDY, BROS.
AMC HOLD THE LINE SERIES
MEET THE ANGEL HITS THEATERS ON THURSDAY, SEPTEMBER 29th AS PART OF FATHOM EVENTS' NEW SAINT SERIES.Sinai, First Film in a Two-Part Interactive Documentary Series, Hitting Theaters October 17 & 18 Sight & Sound Partners with Fathom Events on The Release of Debut Feature Film, 'I Heard the Bells', Coming to Select Theaters this December.FIRST RESPONDERS Coming to Theaters For Two Nights ONLY - October 24 & 25.Vampires, Mummies and Madmen…Fathom Events' Fright Fest is Back Bringing Classic Horror Films to the Big Screen.AMC Stock (NYSE:AMC): Massive APE Share Sale is Concerning.AMC Entertainment (NYSE: AMC) Selling Off its APE Preferred Shares.Fathom Events and DNA Films Announces Premiere of "It's Happening Right Here".AMC Locations During the Thanksgiving Holiday
AMC Theatres® Reaches First-Ever Agreement With Netflix and Will Play GLASS ONION: A KNIVES OUT MYSTERY in More Than 200 U.S.AMC, Netflix Sign Deal to Show 'Knives Out' Sequel in Theaters.
AMC HOLD THE LINE UPDATE
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