Seems there was also a hearing on the 10th. That might be interesting to listen to and see if they just plan to be a nuisance and get a settlement or go full court press.
I believe the share count to use for valuation purposes is ~195.5 million. This is due to the units issued to AMC and Cinemark in early April that they are likely to convert to NCMI shares in the very near future.
The March 31st 8-K spells out the exact math behind the ~195.5M number. For whatever reason AMC and Cinemark simply had not converted their new units to shares as of May 5th.
Ah you're right. I saw they converted some and figured that was all of them but didn't realize they still had 21mm unconverted units. Thanks for pointing it out.
Seems there was also a hearing on the 10th. That might be interesting to listen to and see if they just plan to be a nuisance and get a settlement or go full court press.
I believe the share count to use for valuation purposes is ~195.5 million. This is due to the units issued to AMC and Cinemark in early April that they are likely to convert to NCMI shares in the very near future.
They already did this. The share count is as of May 5
The March 31st 8-K spells out the exact math behind the ~195.5M number. For whatever reason AMC and Cinemark simply had not converted their new units to shares as of May 5th.
Ah you're right. I saw they converted some and figured that was all of them but didn't realize they still had 21mm unconverted units. Thanks for pointing it out.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1377630/000137763023000050/ncmllc-20230329.htm