Remarkably, AMC is losing more money by having many of its theaters open than they would by keeping them closed.
AMC Theatres, the largest movie theater chain in the U.S., is in a dire situation.
According to a recent SEC Filming, AMC says that it expects to burn through all of its cash within the next several months.
Thereafter, to meet its obligations as they become due, the Company will require additional sources of liquidity or increases in attendance levels.
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