AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

Bingo! Spot on true statements. The thesis for the shorts is based in the poor financial fundamentals here with AMC, the continuing losses and massive debt, and the fact that it still remains overvalued.

AMC Co. via its management is trying to raise enough cash to stay in business for the remainder of 2023. The box office movies are not able to pay all the bills that AMC Co. has. They will be lucky to pay off the operational costs alone with the money they make in selling movie tickets, and concessions. The $5 Billion in debt will destroy this AMC Co. if it is not paid off. ....... The reason the shorts are attacking the AMC & APE stock now is because they see an AMC Co. weakness with bad fundamentals in their balance sheets with a lot of debt. ......For your information AMC Co only has only enough cash to cover bills for the next 6 months. They MUST, I repeat they MUST raise enough cash to cover the next 4 quarters of bills. Selling 140M new AMC shares is the only way that this problem can be solved.