Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think mooky has killed the idea of synergies that Barbara flouted to give Plex a cheque worth 1.2B on CINE'S behalf. It is obvious that the proposal for the buyout was not a liability by cine to give plex money, but a plan to make money. The current situation proves that not cine, plex, amc, or anyone else prints money on a quoted amount.
Barbara's judgment of giving synergies as damages should be thrown out the window the first day of the appeal.
Top Gun, Spiderman etc. were probably just as successful for CINE as for other cinemas, or at least close. That’s not the point as Funinvestor has tried to explain several times.
The overall revenue has been much lower than pre-pandemic levels for all cinemas and in CINE’s case less than it needed to be to avoid the problems it is currently facing. Remember that amc failed to make a profit in q2 despite the good run of films. CINE may have done better but its weak balance sheet, the court case overhang, the low revenue expected over the next few months and lenders that have clearly become very twitchy and no longer prepared to just bail them out (with waivers or more funds) has meant CINE has reached crisis point.
Personally I don’t think this means wipeout for shareholders - but it could do. Cinemas will become profitable businesses again including CINE, it’s just unclear whether it will be given the chance, and if it is, what damage we suffer in the meantime both of which depend a lot on the attitude of the lenders.
Black adam oct 21.
Spiderman was enough to save december. It is not a long shot for cash flow positive q4.
Although personally looking forward to Black Adam but not expecting it to do massive box office
Black Panther and Avatar are the major players toward the end of the year - can;t think of anything else of note.
What I can't understand is that poor film slate and lack of audiences is causing financial issues, wasn't Too Gun, The Batman, Spiderman and Mission Impossible extremely successful particularly Top Gun, how come they were successful for other cinema chains and not f for Cineworld. What film/films are due in November that are going to save the day for Cine ?