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Cineworld Stock Was Paid Out at 1p Each on the London Stock Exchange Yesterday.
So We Should Get 1p Each For Our Shares Yes ???????.
More crap Dean. Give it a rest
It says that on the London Stock Exchange website I suggest you look at it.
Dean, I suspect the term 'paid up' refers to preference share holders and is part of the winding down process and is legal parlance more than anything.I'm not sure what the order of precedence is on claims to the remaining assests of a bankrupt company but I think bond holders first, preference share holders next and common share holders last (which we are) so we get nothing and the preference share holders get 1 penny per preference share from money set aside for that purpose alone i would guess. Again, we get nothing, the old cineworld doesn't exist anymore even if you had a million shares you get zilch, nada.
Sorry, typo, we WERE shareholders...I've said before, I didn't have thousands invested in CINE but it still hurts but I've learned a few lessons. I 'invested' because I looked at the historical SP as we left lockdown and my erroneous logic was that the SP would go back up as people went back to their normal lives..that might have been true to an extent but I hadn't looked how much debt they were in or how they were going to pay it back....I bet anecdotaly, i could've worked out how much cine would've had to charge per seat to make a profit and pay down the debt..was it £10, £50, £100 or £1000 ? I don't know because I didn't bother my ar#e to do the maths.
I worked it out..I know this is a bit silly but to put CINE's $9bn debt mountain into perspective, each of CINE's 90m annual customers would each have to pay $100 per seat to get the debt paid in 1 year not counting running costs so an expensive night out
There’s a good book called investing for dummies.
I suggest you buy it Dean
I got that book but still bought these shares. I need to give up this game, it’s not for me 😭
I did the same but with a couple of thousand. Lesson learnt!
The 1p might well be the nominal value of the shares.
I haven’t checked though.
It certainly isn’t any realisable relevant amount that shareholders could expect.
For some of you e.g. dean, investing just aint for you
No I will keep investing thanks.