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.
When $AMC #AMC hits $2.50, we gap up to $5.75, that triggers the $5.66 swaps. I believe it’ll be at least $10 by Dec and climbing. I’ve bookmarked it @CEOAdam