He sold some but not enough or fast enough to make a difference before the APE price fell.
His plan is to decommission the APEs in a conversion with a reverse stock split.
If both pass, holders can convert their APEs into common shares.
He and others believe the votes will be there.
That said, several shareholders are suing AMC in Delaware Chancery Court to block the process.
A judge yesterday set a preliminary injunction hearing for April 27.
So even if shareholders approve the measures in March, no action could be taken until after that.
Total debt was approximately $4.95.
billion at year end down by $220 million from the year before.
Operating cash burn for the quarter was $57.5 million a month.
Admissions revenue fell to $561.3 million from $666.6 million.
Food and beverage sales dipped to $331.2 million from $380.5 million.
Execs will host a conference call at 5 pm ET.
