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Good read DC.

My first thought was: maybe attendance has declined because movie goers are saving (passing on a weekly trip to the theater) for the premium 3D ticket price.

Of course, that is the optimist view in favor of IMAX.

swimming at the deep end of the debt pool

That is disturbing. I wonder what the time to collection has been for Outstanding Receivables associated with the theaters?

I remember what happened to the pps of DECK many years ago when a foreign Receivable was sent to the Uncollectible side of financials, Ugh :(

Thanks for posting!

SM2K, aka Tye (hoping to see $2 billion marketcap for IMAX. Does that sound reasonable, long-term? I guess attendance of 3D is the key indicator)
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