AMC Entertainment struggles with falling stock, high debt load and light blockbuster schedule
Investors doubt the company's financing structure and business plan.
The company's cash hoard might help it survive the following two years' light movie release schedule.
AMC Entertainment reached a 52-week low Wednesday due to its high debt burden, stock dilution, and lack of blockbuster films.
Investors criticise the company's financing structure and business plan, causing shares of the world's biggest movie theatre chain to plunge 80% this year.
Millions of individual investors transformed the company's shares into a meme stock in 2021.
AMC has failed to turn a profit in recent quarters, and its $5 billion debt burden is $2 billion greater than its market worth.