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And also to mention in its current state it may be "hopelessly insolvent" as the money coming in cant float/cover all of the current operating costs, plus the debt.
But very hard to understand why a deal could not be structured that allows for the debt to be written off and the shareholders stay on in some capacity.
Once the debt write-down happens, pretty sure the revenues coming will be enough to cover all operating cost, AND the new lowered restructured debt.
Who takes the hit for the debt write down though? Someone has to pay the price and that's the risk you take on when you buy your share.
Answer me this - why should shareholders receive something while unsecured creditors get cents on the dollar?
This comment could break the internet.
Wipe out all debt but let the shareholders remain intact. Ha ha ha Mr Kioto
I may be wrong but does it state in the revised 4th plan that unsecured creditors gets equity in the new co?
They get nil equity
I think so W6'' as they are still having problem with getting them all on side to seal the steal, and although it was big news that they got 99% of only 3 big bank on side for the disclosure statement, that drop SP from 1,10p 34% 0f small stakeholder landlord or bond holders are still holding up preceding so they really only got 66% approval, and among other things to go, thats why i was saying the other day when it was just the 3rd revised plan, that there will be a 4th a 5th a 6th and a 7th revised plan where we could be included, if they really want to get it over the line.. although it's BOB hope for us been at the bottom of the pile but you never know if they are now listening to the unsecured, and is now willing to give them equity in new CO, see if we get that C11 update to tell us what's going on, or if they can still pull off that ADMIN, for JULY while C11 is still ongoing ? FKN hope not''
Anyone with an update on British legal challenge, has lawyers been appointed?
Only days left now before this is wrapped up. New incoming CEO Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become Cineworlds new CEO when the company emerges from bankruptcy. He will be replacing and rightly so, the prize clown who thinks one plus one equals five, Mooky Greidinger. That prize clown should be locked up, throwing people's hard earned money down the drain like that.
Let’s Just Hope For One Final Twist.
Lastly Mooky Won’t Get Anymore For a Year Anyway.