The clock is ticking down on AMC Entertainment Holdings (NYSE: AMC). The movie theater operator has raised $200 million in capital, but still needs an additional $550 million if it wants to survive. In an interview with CNBC Tuesday, CEO Adam Aron said: "We need to raise more, but we're working hard to do that and we've laid out a plan and a blueprint to get there. Whether we get there or not, only time will tell." Image source: AMC Entertainment. Doomsday clock is ticking Time is not on AMC's side. The theater owner is trying to hang on until movie studios begin releasing films this year after their premieres were delayed by the coronavirus pandemic, leaving AMC with little to no revenue. That left AMC in a deep hole as it took on massive amounts of debt from going on an acquisition spree, buying Carmike Cinemas and Odeon. It also took on debt to refurbish its theaters before the pandemic hit, outfitting them with luxury dine-in seating. AMC ended the third quarter with $5.8 billion in debt and $418 million in cash. Last month it filed to sell 200 million shares of stock, then filed to sell 50 million more shares in a bid to raise cash. It was able to get one of its lenders to give it $100 million, but at the time needed $750 million more. Aron says the theater owner has raised a total of $200, but it's getting to crunch time. "We do need to raise more money to get to the other side," Aron said. "Having said that, we've done that four times already, and that's our focus." With some of AMC's lenders urging it to file for bankruptcy, it may be the theater owner has gone to the well one too many times. 10 stocks we like better than AMC Entertainment HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and AMC Entertainment Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source