AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

Sheeeeeesh!! What choice did AA have? The APES stupidly left him with no choice in dealing with the mountain of debt under which AMC has been crushed when they opposed the issuance of more AMC common shares back in mid-2021 when AMC was selling at grossly inflated share prices in the $40 - $50+ range, and a relatively small amount of new AMC shares could have been sold up there in that range to significantly pay down or pay off AMC's huge debt load without significant or unreasonable dilution. But no ... the APES got too cute and stupidly opposed the issuance of more AMC common shares when it made perfect sense to anyone even halfway smart about the situation. So, the APES are reaping what they themselves sowed, and have only themselves to blame. Had the authorization to issue more AMC common back then in the $40 - $50+ range been approved, AA would never have had to issue the AMC Preferred APE shares as the only remaining necessary workaround, and AMC would not have moved in the direction of the two votes today. Not to mention that AMC as a company would be in a much stronger financial position today. SMFH