AMC said today that we fully completed our $150 million equity raise, announced four months ago. It is particularly encouraging that the AMC share price has risen by more than 50% during this time, showing presumably that investors confidence in a resurgent Box Office outweighs fears about dilution.
This is such good news for AMC Entertainment on all counts.
This greatly bolsters our cash reserves.
I’ve said it many times:
Cash is King.
I was fortunate to be in Los Angeles to see the extraordinary Taylor Swift perform live Tuesday at the World Premiere of Disney and Pixar’s Toy Story 5.
Playing her newest sensation: “I Knew It, I Knew You” which was written for this movie.
Mark my words, Toy Story 5 will be a giant phenomenal smash hit. A truly charming
triumph.
Opens at AMC on June 19.