The most important roundup of news for AMC March 18 2020
Due to COVID-19, Adam Aron announces the closure of all AMC theaters nationwide. The resulting loss of income would be so extreme that the company was “a couple of weeks away” from bankruptcy multiple times before the mini squeeze on Jan. 27, 2021 (per Adam Aron in his April 14, 2021 interview with Trey’s Trades). To this day, AMC has never received a penny in government assistance/bailouts (CARES Act, PPP loans, etc.). Despite that stark disadvantage, AMC has still managed to pay its employees and bills. Bravo!