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That's all for now folks
ATB
Yep that's £3K gone and up the swanny !!!!!
Your monies gone . Shame you can't even get puts to see this to the death 😕
The latest conversation is saying the ADMIN case was expected to be heard by the UK court 1200 noon today
see if something is announced before closed..
ATB what ever happens for now or in the future
“I think Regal with 6k + screen and still a lot of small stakeholders, is still not happy…”
Yet more nonsense from maidit. The ‘Regal’ raising objections are individual landlords that due to past associations have Regal in their name. They are raising similar objections to many other individual landlords. Regal as an entity is just (part of) CINE now and so won’t be disputing anything whilst the ‘small stakeholders’ are basically us.
It is slightly curious that there has been no confirmation of cancellation of listing today but that may simply be that with the shares suspended there is no urgency to announce first thing.
Earlier today Maidit posted "sensible conversation please as to what could be going on" - marvellous stuff.
Cloudy u think you no it all mate i get that but you dont i also get that i took the punt understanding the risks i spent two grand , all or nothing i even bought another 500 bucks worth at .5 this is a small proportion of my port folio , there could be things going on behind the scenes , dont think you kno it all you dont , if this goes bust i will be sound it was a risk i was prepared to take ok mr kno it all . Ive been following two analysts for 25 years there never far away they say hold anyway time will tell
I think Regal with 6k + screen and still a lot of small stakeholders, is still not happy with the cure amount in plan 4 and it is holding up proceeding, and the BOD suspend trading as they don't want to see the SP rise on the back of this hold up that may give hope to shareholders, as it could well take another month before they get the desired outcome ?
but just musing, like everyone else in the absence of official news this morning'' although the day is still young
we will see
Here we have an insight into the depth of the delusion. The writing has been on the wall for CINE for ages but people wouldn’t believe it, blinded by fantasises of a “multi-bagger”.
People on here warned them but they still didn’t believe it.
The company then stated - nearly four months ago, in April - what was going to happen i.e. that shareholders would be wiped out (“the proposed restructuring does not provide for any recovery for holders of Cineworld’s existing equity interests”). They still didn’t believe it.
People on here continued to warn them but… yes, you’ve guessed it.
Now the axe has fallen - they’ve lost all their money. The company is dead. Yet people like Dean36 and Takeapuntortwo STILL don’t believe it!
The delusion runs deep. “Candy from a baby” doesn’t begin to describe it.
Thats rite mate
Cheers AllKap and likewise to you.
I agree it was just that the recovery has come too late for CINE to save them (including from their own mistakes). Had it of been a year earlier they could have papered over the cracks and at least paid off the troublesome RCF or got a waiver for the covenant. That would have bought time to sort the business out properly but sadly not to be.
I think it would have been delisted buy now hex if it was going to be but time will tell soon enuf old boy
I understand the position i dont usually rise to the clowns in here a dont kno whats going to happen but somthing tells me its not over yet aye it mite go down the drain but then again it mite not mate
It is currently expected that Cineworld Group plc will enter administration and the Group Chapter 11 Companies will emerge from their Chapter 11 cases on 31 July 2023. ????
well it's the 31 July today, and with C11 still ongoing with Regal objection on the 28th July has the BOD and lenders through desperation to hand over all the asset and cash in the PLC ON THE 31 put the cart before the horse and the UK court is having none of this ADMIN on short notice before USA say it's OK ???
THERE IS NO REASON FOR ANY DELAY IN DROPPING THIS NEWS AT 7AM THIS MORNING AS WE ARE SUSPENDED
NO ONE IS BUYING OR SELLING THEY SHOULDN'T HAVE TO WORRY ABOUT US'' NOW THAT THE MANAGEMENT HAVE DECIDED TO SUSPEND SHARES, AS THEY CAN USE THERE AUTHORITY WITHOUT THE COURTS APPROVAL
FK knows what's going on, but it stinks of desperation to me, and this suspension from trading around the world can only hurt them and not us, with all the revenue trading this stock brings for all concern across every Market you can think of
been no 2 Cinema chain in the world
all we have to do now, is watch it all unfold in the days and weeks ahead, no need to worry about the SP anymore or the small amount of money we left in for the fight back IMO.. and there is no point moaning about shodda wooda coudda
done this or that, and take 0.38p LOL!! as this case seems to be a lot bigger than that..
sensible conversation please as to what could be going on.....
ATB
Too sad that Cine went bankrupt the month when Box Office reached $1.4bn a record…
We were right about the recovery it was only the timing which was an issue.
All the best all
Thanks Hexam for all your posts. It was nice talking to you
"Temporarily suspended it will be back trust me"
I'd rather not. All suspensions are temporary. The suspension either ends with the shares ceasing trading permanently or they end by returning to trading. Whatever happens next I cannot see a scenario where it causes the second option to happen.
Well this company just made multiple millions over the weekend thanks to a doll.
You patronise the board then wish them luck in the same sentence geez a break man
Here even haha
Mozthemonster save your pish if you were still invested youd still be hear you dont kno whats going to happen aay an collect ur giro ya silly spoken fud
The stock is now suspended trapping the remaining lobsters in the pot, those too slow and stupid to get out when they had the chance and are now doomed & destined for the dinner table.
You lot still here ... if your lonely and just need to talk, there's plenty of other places for that.
However i wish you all the very best for the future in what ever you do, and hope you all have very long and happy life's .. but now move on. :)
Temporarily suspended it will be back trust me
Currently still no insolvency notices registered on The Gazette. This stock is currently Suspended, not yet delisted.
Dean36 Just in case you didn’t know, this stock has been dead since last Friday. You can’t trade it, buy it sell it, or wipe your backside with it. It’s DEAD.