AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

LMFAO! That is the problem. AMC is struggling under a huge mountain of debt ($5.325 Billion), and box office revenue is never going to pay off all of that mountain of debt, much less current operating expenses. Theater attendance and box office receipts are still lagging considerably behind pre-COVID levels from 2019. But, let's remember that AMC would not be in this position and would not have ever had to issue the APE preferred dividend shares or advance the current proposals and vote, if its new retail shareholders (APES) would not have been so stupid and short sighted in refusing to support the issuance of more AMC common shares back in mid-2021 when AMC shares had been manipulated up to ridiculous levels. Instead, the APE cult was ignorant and fought that. AMC could have issued a relatively insignificant number of new AMC common shares and paid down most, if not all, of its debt in mid-2021 when AMC common shares were trading up in the $40-$50+ range. But no, the APES thought they were in control and drummed up support against it. If the current proposal fails, the debt will not be paid down or off, and AMC/APE will resume there march down to a combined price in the very low single digits as the company slowly dies. And the fact that smart investors short AMC or APE shares has nothing to do with any of that or the ongoing quarterly red ink and per share losses, or the mountain of debt under which AMC is being crushed. In the end, the APE cult have only themselves to blame for the current predicament. SMFH