AMC Theatres Held Talks Over “Potential” Acquisition of Cineworld

[BluBonnet]

AMC Theatres Held Talks With Cineworld Lenders Over “Potential” Acquisition

[mwynn]

Originally Posted by BluBonnet

AMC Theatres Held Talks With Cineworld Lenders Over “Potential” Acquisition

HAhahhaha

[BluBonnet]

[mwynn]

Originally Posted by BluBonnet

That is just them trying to keep the stock from going into further free fall.

[SethRex]

I would love it if AMC came closer to the Spring Hill Florida area.

[BluBonnet]

AMC Entertainment Shares Plunge After Company Reveals Plan For Reverse Stock Split, $110 Million Sale Of ‘APE’ Equity To Antara Capital

[mwynn]

Originally Posted by BluBonnet

AMC Entertainment Shares Plunge After Company Reveals Plan For Reverse Stock Split, $110 Million Sale Of ‘APE’ Equity To Antara Capital

And the nonsense with them begins.

[Lee A Stewart]

Originally Posted by mwynn

And the nonsense with them begins.

I'm getting the opinion that this is going to play out as "The Emperor's New Clothes." I have the feeling that AMC is headed to Banko Court in the not too distant future. First it was the popcorn - did that work? Now it's a credit card - really in a recession? It's like a magicician - your focus is on his left hand while he performs the trick with his right. The debt load is still $5B which is $2B more than Market Value (what the company is worth).

[kylor]

Well, you know that old saying.

[ctujackbauer]

Originally Posted by mwynn

And the nonsense with them begins.

Originally Posted by Lee A Stewart

I'm getting the opinion that this is going to play out as "The Emperor's New Clothes." I have the feeling that AMC is headed to Banko Court in the not too distant future. First it was the popcorn - did that work? Now it's a credit card - really in a recession? It's like a magicician - your focus is on his left hand while he performs the trick with his right. The debt load is still $5B which is $2B more than Market Value (what the company is worth).

Whoa, wait a minute... AMC is doing this to decrease their debt. I thought both of you keep harping on their debt load?

Lee, your precious Cinemark has a higher debt load ($3.81 billion) than its market cap ($1.13 billion) too.

[mwynn]

Originally Posted by ctujackbauer

Whoa, wait a minute... AMC is doing this to decrease their debt. I thought both of you keep harping on their debt load?

Lee, your precious Cinemark has a higher debt load ($3.81 billion) than its market cap ($1.13 billion) too.

I don't care if they try to lower their debt it is shaddy business. They got into this spot because of greed. They are going to attempt to get out of it with more greed.

[BluBonnet]

Originally Posted by mwynn

They are going to attempt to get out of it with more greed.

It's the American way!

[Lee A Stewart]

Originally Posted by ctujackbauer

Whoa, wait a minute... AMC is doing this to decrease their debt. I thought both of you keep harping on their debt load?

By how much? In the last quarter your vaulted AMC reduced it's debt load by only $107 million.

Lee, your precious Cinemark has a higher debt load ($3.81 billion) than its market cap ($1.13 billion) too.

Care to take a guess at the difference in the interest to be paid on $5B versus $3.81B. YES - it really does make a difference.

[ctujackbauer]

Originally Posted by mwynn

I don't care if they try to lower their debt it is shaddy business. They got into this spot because of greed. They are going to attempt to get out of it with more greed.

So in your opine, what exactly is the greed portion of what AMC is doing?

Both of the options (10 for 1 reverse split of AMC common, reconversion of APE to AMC) are going before a shareholder vote and are fairly routine shareholder proposals. Citigroup/Citibank had a 10 for 1 reverse split in 2011 and it hasn't gone bankrupt yet (as of today )

If it was a penny stock like Moviepass (HMNY) doing a 250 for 1 reverse split when it was already below the NASDAQ listing requirement, then yes - that will only end in disaster. What AMC is doing is par for the course for public companies.

The reconversion of APE to AMC is a just a regular ol' debt swap.

[mwynn]

Originally Posted by ctujackbauer

So in your opine, what exactly is the greed portion of what AMC is doing?

Both of the options (10 for 1 reverse split of AMC common, reconversion of APE to AMC) are going before a shareholder vote and are fairly routine shareholder proposals. Citigroup/Citibank had a 10 for 1 reverse split in 2011 and it hasn't gone bankrupt yet (as of today )

If it was a penny stock like Moviepass (HMNY) doing a 250 for 1 reverse split when it was already below the NASDAQ listing requirement, then yes - that will only end in disaster. What AMC is doing is par for the course for public companies.

The reconversion of APE to AMC is a just a regular ol' debt swap.

What is the topic of the thread?

[John1701D]

This whole thing could have gone in the movie theater thread but I guess we needed another place to run theatres down.

[mwynn]

Originally Posted by John1701D

This whole thing could have gone in the movie theater thread but I guess we needed another place to run theatres down.

You just want more Kidman commercials.

[John1701D]

Originally Posted by mwynn

You just want more Kidman commercials.

[ctujackbauer]

Originally Posted by mwynn

What is the topic of the thread?

The potential acquisition of Cineworld. They're not buying all of Cineworld, they're picking off prime locations of a competitor in bankruptcy, happens all the time.

Nice question dodge, btw.

[mwynn]

Originally Posted by ctujackbauer

The potential acquisition of Cineworld. They're not buying all of Cineworld, they're picking off prime locations of a competitor in bankruptcy, happens all the time.

Nice question dodge, btw.

Not a dodge. That is the greed.