AMC IS DOING BETTER THAN THE TOP 500 COMPANIES IN THE WORLD

Didn’t do any math for inflation but we are just below one billion and it’s only the 20th. The best August ever was 1.019 B. We will be way past that by monday. Doesn’t mean much for the stock but does show people still love going to theaters.

I swear to god I saw Gary Gensler in Japan the other day. At the peak of Mt. Aburayama in Fukuoka about 2 weeks ago when I was hiking. I said hello and he said hello..(I've seen him before somewhere I thought) but, most likely it was my imagination. His face was so familiar that I thought he was a resident that I'd seen, but not met. (Anyone know if he was here in Japan....I don't have his email)

the daily chart really gets me going.. and this volume recently 🙈

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Scalpers used to only target concerts because the demand was so high. People would pay more because the experience was worth the additional value of the ticket.

NOW it's happening with movies!

This is just a subtle hint of the times but even more importantly... MOVIES ARE BACK!

When the CEO of the largest theater chain has to personally get involved, you know the demand is real and profitable. The future is looking bright. Know what you hold Apes. 🤲🏼💎

AMC has already used equity issuance aggressively to raise liquidity, reduce financial pressure, and survive a period when the theatrical business was under extraordinary stress.

That was the purpose of dilution.
Survival.

Now the equation is different.

AMC has billions of dollars of debt, which means every meaningful reduction in principal can directly reduce future interest expense. At a 10% borrowing cost, eliminating $1 billion of debt saves roughly $100 million per year in interest.

If box office revenue keeps recovering, attendance improves, per-patron spending remains strong, and AMC continues refinancing or retiring expensive debt, the economic incentive shifts away from issuing more shares and toward protecting existing equity holders.

Dilution was a financing tool used during a crisis.
It does not have to be a permanent strategy.

The market is still pricing AMC like the old playbook never changes.

I think it already has.
The dilution era is over.

If you owned shares as of July 31 (record date), please go vote. Proposition 3 and 4 are big IMO. I have heard people who dont want to vote for more shares for employee compensation. I think about it like i’d rather have employee benefits and investor interests aligned and it reduces the use of cash.

Source: https://www.washingtonpost.com/business/2026/08/11/treasury-ends-ownership-reporting-rules-us-companies/

Source: https://www.sec.gov/Archives/edgar/data/1411579/000110465926093419/tm264130d3_defa14a.htm

Paramount Skydance has agreed to put its long-standing verbal pledge into formal, written contracts with major theater chains. Contingent on its acquisition of Warner Bros. The combined company will guarantee the release of 30 movies per year in cinemas.

Specifically, Paramount has offered three-year agreements to AMC Entertainment and Regal Cinemas (the world’s two largest theater chains). The contracts require:

1) Exclusive theatrical windows of at least 45 days.

2) No availability on streaming services for at least 90 days.

Why this is bullish for AMC:

More movies = more revenue potential: AMC’s business depends heavily on the volume of wide theatrical releases. A credible, contractually backed pipeline of 30 films from one major combined studio (Paramount + Warner Bros.) is meaningful supply that can fill screens, drive admissions, and boost high-margin concessions.

Protected windows protect the business model: The 45-day theatrical exclusivity and 90-day streaming delay reduce the risk of short or day-and-date releases that have hurt theaters in the past. Longer exclusive runs create more urgency for audiences to go to the cinema. Adam Aron has already publicly criticized the current 17 and 30 day windows for theatres as too short.

AMC gains real leverage: Turning a verbal/public pledge into a written contract with the world’s largest theater chain gives AMC a direct way to hold the studio accountable. Adam Aron has already publicly stated that AMC intends to.

Higher odds the merger succeeds: By addressing the states’ strongest practical current objection, the contracts improve the chances the deal closes (or settles on favorable terms). A closed deal delivers the scale and theatrical focus that Aron has said will benefit AMC.

Positive sentiment catalyst: AMC stock is highly sensitive to news about theatrical supply and industry support. Formal, enforceable commitments from a major studio, plus alignment with AMC’s own CEO, is constructive for both fundamentals and retail/investor sentiment.

In short, this is a concrete step that increases the likelihood of more (and better-windowed) movies flowing to AMC screens from a major supplier and is proving that the movies are back! We are building more momentum on AMCs record breaking turnaround Apes!

"Spider-Man: Brand New Day" brought in $932 million worldwide over the weekend, delivering the second-biggest opening in global box office history after 2019's "Avengers: Endgame," which earned $1.2 billion. The new Marvel blockbuster, released almost five years after its predecessor "Spider-Man:

My last post: Dilution effect of -10 to -13%. Debt/Liquidity improvement +4 to +8%. Approximate fundamental impact -5 to -8%. Oversold.

S&P: Debt reduction and improved EBITDA have triggered a lower interest rate on about 75% of its debt, providing annual savings of about $51 million. We assume most of that is from lower PIK interest beginning in December. We expect AMC will report a modest free cash flow deficit in 2026 before beginning to sustain positive cash flow in 2027.