AMC has a debt problem.

$AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ Despite hope for the summer blockbuster season, AMC has $10.7 billion in total debt on its balance sheet. The company has five time the number of common shares as it had in 2019. In the first quarter of 2022, AMC reported half a billion dollars in negative operating income. The market is going to want to see positive cash flows and a reduction in debt before they give AMC the benefit of the doubt.