Going to the Cinema Is still an experience and it was what made movies great. Yes, streaming is a thing now but it doesn't mean cinemas are going down. AMC has potential to branch out into other areas, we shall hodl and see :)
The selling of 11.5 million shares was already planned out in April, the execution just took place in June. We just didn't Know that but it's find cause it gives us the chance to buy the dip! ???