IPIC Entertainment Inc (IPICQ)

[First Crown Research]

pretty crazy this still trades at .65 granted its only 7.6m market cap .... 205m in debt, huge amount of leases. doubt 16 theaters with 123 screens fetches the at least 225m needed to even have a chance at recovery for equity but in this world who knows what could happen.

Past Movie M&A:

Starplex acquired for 172m had 33 theaters 343 screens

Marcus theaters buys movie tavern for 126m consideration, 22 locations 208 screens

Regal buys Hollywood Theaters, for 238m, 513 screens 43 theaters

Granted Ipic has nicer theaters but revenue is revenue IMO