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Is This a M S's a Theatre Chain?
The theatre chain is raising money to pay down some of the debt that they have. They also had indicated that they were eyeing off a couple of acquisitions of other companies. But even if they sold an additional 25 million in shares at the current price, et's assume a best case, and that could raise about another 800 million dollars, they would still be in the multiple billions of dollars of debt. And they're not a profitable business on a consistent basis. So it still raises significant doubts about their ability to to survive over the long term. The only thing they can do is to grow then, is to just buy other businesses and capture more market share,. Even though the market itself is shrinking