Cineworld Share Discussion Threads

[pwhite73] 24/7/2023 16:42

Mookey didn't have to dilute because his pay out at £35 million for agreeing the C11 shareholder ripoff is six times the market cap of his company. Anyway surely if the administration is not going to take place in July 2023 they should notify the markets and the reasons why.

[williamcooper104] 24/7/2023 16:04

AMC is up because they aren't getting APE diluted It increases their chances of C11 but that's the world of meme stockI'll give you this muchIf CINE had managed to become a meme stock it would likely not yet be in C11 But Mooky wouldn't dilute and it just didn't catch a meme craze bid

[werethereisawill] 24/7/2023 15:45

PEWhite73
I have to agree with you!The creditors have to be greedy or stupid! They must know Cineworld is a cash cow and the millions will be rolling back in because movie makers prefer the big screen and people want go out !!!

[millennialinvestor] 24/7/2023 15:34

Me thinks PWhites' world is plastic.

[pwhite73] 24/7/2023 15:12

loglorry1 - "I wonder if he'd feel like he was a greedy creditor if he went to get his money from his bank to buy a Barbie ticket and it was amost all gone."

Yes I would feel like a greedy creditor if by depositing even more money in the bank I ended up owning the whole bank.

[loglorry1] 24/7/2023 14:39

AMC stock is not up 42% because of Openheimer and Barbie. It's up because the judge has ruled to continue the stay on a technicality which prevents APE converting to AMC and a deluge of other stock being issued. As the CEO points out today they are bust without issuing more stock so it really has to happen soon.

Also the rest of the post is silly particularly "greedy creditors". I wonder if he'd feel like he was a greedy creditor if he went to get his money from his bank to buy a Barbie ticket and it was amost all gone.

Like Barbie and Ken, PWhite might wake up one day and see the world as it really is.

[pwhite73] 24/7/2023 14:18

monte1 - "I do recall being advised that the open marketing exercise"

The open market exercise was conducted under the auspices of the C11 participants. CINE and the creditors put a value of £2.5 billion on the assets.

[monte1] 24/7/2023 14:09

I don’t recall ‘them’ putting any value of Cineworld. I do recall being advised that the open marketing exercise placed a value on bids received that was materially below the outstanding debt level.

[pwhite73] 24/7/2023 14:02

monte1 - "Apparently wanting yer loan even partially repaid is a mark of avarice"

But they are not wanting their loan even partially repaid if they were they would have settled for derisory £2.5 billion valuation they put on Cineworld. What they're after is a company worth upwards of £15 billion in about two years time. That's why they've not only written off $4.5 billion but they've taken the risk to pump in another $1.45 billion and another $800 million on top of that.

[monte1] 24/7/2023 13:45

‘Greedy creditors’

Apparently wanting yer loan even partially repaid is a mark of avarice - according to a freebb speculator.

[pwhite73] 24/7/2023 13:41

WC104 - "So if they remarketed Cineworld today it would likely be on a lower valuation"

Wrong what the C11 proposals have done is to prevent the CINE share price from recovering in line with the number of blockbusters that have been released and will be released over the coming months. The writers/actors strike only effects films in the making not films already made. On the Barbie and Oppenheimer figures AMC are up 42% today, a rise denied CINE shareholders due to the threat of administration over the next seven days.

An independent valuation will look at the whole package not just where CINE was in September 2022, June 2023 but also where it could be if it were allowed to trade without the shackles attached by the greedy creditors.

[williamcooper104] 24/7/2023 11:46

It's worth about 40 percent of its debt load not accounting for CNK damages And every day that debt load grows as interest is rolled Two summer blockbusters don't change that And the writers/actors strike is hardly helping sentiment So if they remarketed Cineworld today it would likely be on a lower valuation

[pwhite73] 24/7/2023 11:04

Wherethereisawill - He hasn't spoilt anything

The request for an Examiner by a shareholder in Ireland is the equivalent to a request for an independent valuation by a shareholder in the UK. Both seek to halt the administration/wind up process to ensure all stakeholders are treated fairly. However there is no guarantee a judge would grant the request in either case.

[werethereisawill] 24/7/2023 09:41

You always have to spoil things JaKNife
Lol
Take a day off … go and watch Barbie !

[jaknife] 24/7/2023 09:37

Perhaps *IF* Cineworld were an Irish company then they might appoint an Examiner too ... but they're not.

[pwhite73] 24/7/2023 07:33

loglorry1 - "PWhite have you reported the theft to the police?"

Not yet because CINE has still not announced the July 2023 administration. However I do know of shareholders in another company who have.

RNS 24/07/2023 - Barryroe Offshore Energy plc ("Barryroe" or the "Company") announces that the EGM to be held in Dublin on 24 July 2023 will be opened but immediately adjourned. This decision follows a petition, submitted to the High Court on 21 July 2023, by Vevan Unlimited Company ("Vevan"), one of the Company's substantial shareholders, for an Examiner to be appointed to the Company.

It was directed by the High Court that the petition will be heard on 31 July 2023. Upon opening the EGM, the Chairman will immediately propose an adjournment in accordance with section 187(4) of the Companies Act 2014, pending the outcome of the High Court petition by Vevan. A further notice will be issued to shareholders following the decision of the High Court as regards the petition."

The appointment of an independent Examiner before the whole company is handed over to its creditors is also what Cineworld shareholders are requesting.

[werethereisawill] 23/7/2023 21:36

Barbie and Oppenheimer are doing extremely well
Beyond expectations!
The wet weather must be helping too
Go Pink !

[loglorry1] 23/7/2023 09:29

PWhite have you reported the theft to the police?

I suppose another way of looking at this is that the process is being carried out exactly as expected and without challenge other than by some weird blokes who post on BBs claiming a robbery has occurred.

[werethereisawill] 22/7/2023 10:53

Barbie taking 41.4 million already !Pink is the colour of the moment !!!

[pwhite73] 22/7/2023 10:01

Third amendment to the C11 plan. I did say this would get very messy as the US lenders try to transfer all of CINE assets to the Cayman Islands out of the reach of HMRC for when the company turns profitable. Looks like they are having to create a new company in the UK for tax purposes in order to continue the shenanigans of stealing from the shareholders.

Docket 2043 21/07/2023.

F. "Reorganized Cineworld Parent forms New Cineworld MidCo Limited, a private company
limited by shares incorporated under the laws of England and Wales that is tax resident in the UK (“Cineworld MidCo”)."

[werethereisawill] 21/7/2023 11:57

PWite73
They need to look into piracy ( and these sticks )
Perhaps longer jail sentences?
Plus curbing shorters !

[pwhite73] 21/7/2023 08:16

"MPs to look at challenges faced by British film industry"

[stevensuperrtrader] 20/7/2023 11:32

10-Apr-08 Cineworld Group CINE Evolution Securities Buy 132.00p - 170.00p New Coverage

11-Apr-08 Cineworld Group CINE Altium Capital Buy 132.00p 160.00p - Reiteration

[werethereisawill] 19/7/2023 10:50

Forecast on the above site is for .41 for many months to go into next year !!
Don’t they read the news ?!

[edward michael jones] 18/7/2023 20:58

As an update from last week, the Shareholder Group has located three (quality, London) firms who have, in principle and subject to sign-off from their funding panels, agreed to work with us; two on a 100% no-win, no-fee basis, and a third who would be open to a part-funded arrangement. Each of the three firms has experience in dealing with similar cases on a similar scale. We are waiting on a formal proposal from one firm, and an agreement in principle from another, following receipt of which we will commit to one firm. I'll send an update as soon as possible following this.

In the meantime, if you haven't provided the Shareholder Group with your name and number of shares held (which, as previously outlined, will be helpful for our case), please e-mail these details to:

info at cineworld-shareholders dot com

With thanks, The Cineworld Shareholder Group