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ShorterKnob and his accidental child Insi wincy little Shamus are on a mission to regurgitate the same bolox everyday, from ShorterKnob’s perspective his posting trends are understandable as a fully fledged shorter however Insi wincy has lost all of his money already on silly trades so I can’t figure out what the intentions are of this muppet on this bb...
Sigh coming from you is rich. You literally post day and night. What a childish individual you are.
Yes indeed, the big boys can push this share about at its current level, like it's an AIM share. I don't totally blame Morgan Stanley, making money is their business after all, however it doesn't mean i like them! This will change when our financing news comes through, we won't be nearly as easy to push around then, but until then it's going to be like a bit of a rollercoaster. 10% drops and gains for little in a day no reason. Good luck Cine Long term holders.
Fascinating since the RNS came out Insi and co are nowhere to be seen. Explains the crazy drop in price. Games have been played again today
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You're welcome @Riskass. As always sensible folks should DYOR, and only put in what you can afford to lose, but imo, this company's is too good to fail. Our business model is better than say, AMC's and Cinemarks, and Mooky took that step, to close his cinemas and stem the flow of cashburn, until such time as things are clearer, and content's available.
More than that, this is his family business. he still owns 20% in his family trust, unlike AMC who's majority shareholder is a Chinese company.
The sensible posters on here have told us 50% of this company is owned by big institutions, 20% by Mooky in his GCT family trust, and the remaining 30% is in Private Investors and the markets. That 70% is owned by proper hardened business people. If they thought it was going bust, they'd be out by now. They're not, they're waiting for the refinancing/waiver news in the next month or so, whereupon the SP will recover, and calm will be restored, and the clowns that have been bombarding this site with fake news can go back to Barnhams Circus. Good luck all long term CINE holders.
@dentalfloss, here's a basic economics lesson for you, companies share prices don't go to zero even when they file for bankupcy or a it's known in the US - Chapter 11 - You can do your own research outside of school time, but Hertz filed for Chapter 11 bankrupcy in June this year. In Jan 2020 there share price was $15. It's been a relatively constant $1.50, since then. They're gone as you know it, just go and visit your local Hertz branch in the UK. It was run like a terrible business with $19 billion worth of debt, and their own bought and paid for fleet of 700,000 vehicles, instead of lease vehicle like all the other hire companies have.
A sad story but true, so therein lies a lesson, you won't be able to afford one 1p share on your etoro account.
Cine has $4b of debt, future clients bringing masses of $1 billion dollar movies to show at its movie theaters, a hungry and huge customer base ready to enjoy said top blockbuster, oh and they lease everything. A winning formula for the future.
Hope you enjoyed this lesson, don't bother replying, just read a book and educate yourself on economics. Now, I just wanted to make my point to you, and thanks, you've just convinced me to top up another 20000 shares at 23.8p. Now........toodle-oo, you're filtered!
I’m in till 60p :) anything more is a nice bonus.
Was meant to be thumbs up!
I believe you drifty, glad to hear ??
Tosh...this is going to ZERO......won’t be long now.
A very canny trader friend of mine who works at Credit Suisse phoned me up today because he knows i'm holding a substantial amount of these shares. He sent me the link to his personal trading screen showing he's bought/accumulated £104,000 of CINE shares at 23.4p average over the course of today. He told me he's only in it until it hits 70p, and then he's onto the next one, fair play, that's his game. As he says though, and as i knew, this Company isn't failing, and at 23p, it's insane value.