AMC Warns It Will Run Out of Cash by the End of the Year
It's even worse than you thought. AMC Entertainment Holdings (NYSE: AMC) warned in a public filing Tuesday that unless it can raise a "material" amount of money or lure substantial numbers of consumers to come back to the theater, it is going to run out of money by the end of the year.
What's worse, because its rivals have chosen to close their theaters, an already untenable situation will be exacerbated.
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Source Fool.com
