$AMC Entertainment(AMC)$ “……AMC still posted a negative free cash flow of -$252 million. Operating cash flow was a net outflow of $234 million.”

That’s the burn ladies. The company had no dilution in 3rd Q. Burnt $234 million. That reduced the cash from $1.8 Billion to $1.6 Billion in MRQ

I’m expecting the burn to significantly increase in the next few quarters. With no further dilution, the firm’s cash should be under $500 Million this time next year. Increased expenses are the past due rents that have been delayed, in addition to regular rent. (2) with
Light Sweet and Brent crude oil averaging $82/barrel, AMCs heating bills will increase 50%. (3) other expenses always go up with labor in particular. (4) very few movies are worth watching— I’ve seen them all and it’s horrible. Attendance will significantly slow more than you know. (5) short term debt — debt due within 1 year— must be paid. This alone should reduce the cash by about $300 million. (6) 20% if the float still remains shorted. (7) this firm’s financial performance cannot be hidden — and fundamentally, it’s a disaster, based on MRQ. I’m short and have puts going out 250 days. (8) although there’s $1.6 billion cash — derived from 500 million shares being diluted in the 2nd quarter, I don’t believe the company will be able to further dilute again — not with the 3rd quarter burn. (9) covid isn’t going away anytime soon. (10) the $10 popcorn and $10 for a coke is absolutely insane! Who pays that? Lines at candy stand are virtually 0. (11) you want more? I have more.

I keep adding to the short. I bet on
fundamentals. With AMC, there are none