What Will Bring AMC Down?

I don't have any ownership in this company nor have I ever had. These are general thoughts. But it's truly a sham that 90% plus of its ownership is concentrated in the hands of dumbos, who should not be there. How will or can this get reversed. 

Among the senior management, the four folks who have been net buyers over L12 months are the President, Chief HR Officer, General Counsel and the CFO, with the CFO buying 11x the President. Others who've been net sellers are the Chief Accounting Officer, Chief Content, Chief Operations officers. To me that's not a good sign of what / how they think through the growth prospects. CEO, I understand, spends time fielding questions from retail investors on Twitter, and has made enough that he might leave the company in the foreseeable future. So the question becomes then if the incoming or next CEO will also be expected to spend time engaging with this investor base, who I think would be unsophisticated based on the questions I have seen on the transcripts, is that not a significant distraction from the CEO's core job responsibility of actually running a company. Have a look through the earnings transcripts and get a sense of what kind of questions the retails folks ask. And these retail folks want the company to get into Crypto / NFTs as well -- that sounds great to me -- maybe some dumb ass millennial or Gen Z won't be able to tell the sarcasm in my comment, and will now argue with me about crypto's benefits here. Thank God these retail guys don't have any board seats yet, but I wouldn't be surprised if they ask for that too at some point too if things don't go their way.  

Yes AMC can still be relevant as the average ticket spend is less than what one would pay for a concert or something, and it's not or ever been a bad option for a date, but how frequently does one go to AMC anyways during a course of the year. So overall traffic is limited and usually capped to the most anticipated, big blockbuster movies, who are anyways able to reach more audiences / eye balls much quickly at Netflix, Amazon, and so this in my opinion limits the negotiation leverage that theatres will enjoy. AMC is still the biggest, so it might have more leverage, but if you combine the clout of Disney, Netflix, Amazon, it pales. No idea when occupancy levels normalize, but there isn't a Spider Man or Batman or an Avengers coming out every year. If it does, then the audience will just lose interest.

AMC's debt levels are already unsustainable. I haven't even bother looking through the covenants and all those fun stuff, but it would be clear that quite a few things would be tripped. Why / how can the debt guys not take over this company, doesn't make any sense to me. AMC would need to rationalize its foot print and expenses to reasonable levels. This company could be a great fit for a Private Equity firm, who can take a 3-4 year view on the stock. AMC is a mature company with a strong brand. Valuation levels are just so out of whack though. If giving access to this company was about democratizing access for the retail guys, then I guess the next target should be the major banks because as you know the retail guys bank there, and so it makes sense for them to own the banks as well. And then let's add airlines to that, and the retail centers, because you know, the retail guys frequent those as well.   

Why isn't there push-back? What's the end game / outcome here? I am super confused. I am stating the super obvious here. There is no bloody rocket science behind any of what I just barked.