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Their is Still a Tiny Bit of Hope For Cineworld Stock as Unsecured Creditors are Going to be Included in the Plan Too.
I Told Cineworld on Facebook Don’t Let Your Shareholders Down Too.
Lastly I Explained to Them You Need to Let Cineworld Stay on the London Stock Exchange to at Least Give Shareholders a Chance of Getting Their Money Back.
Dean
When Cineworld said shareholders would be wiped out, they meant shareholders would be wiped out.
Today, shareholders have been wiped out.
There has never been even a “tiny bit of hope for Cineworld stock” because shareholders had been told what would happen.
Well it’s Called Experience Simple as that Really.
Are you a bot, @Dean36? Or maybe you just talk like one.
I ask because you said exactly the same thing in another comment today: https://www.lse.co.uk/ShareChat.html?ShareTicker=CINE&share=Cineworld&thread=314739A8-C224-4C18-9D21-7EFC101E416F
Also, you joined LSE only 34 days ago yet have already written 223 posts, none of which actually say anything.
"Are you a bot, @Dean36?"
That would certainly explain the strange, and suspiciously consistent, use of capital letters...
CINE was doomed for at least the past 2 years; I'm surprised it took this long to get here. It is now clear the Mook used Ch 11 to suit his ends. He negotiated a great exit deal for him and his family, and also managed to obtain valuation for CINE ROW business (same business CINE bought from Mook's family in 2014 - Cinema City International) by putting on sale with no intention of selling. I can foresee Newco selling the ROW business back to Mook for a knock down price in the very near future.
And here the CINE shareholders believed all along that Mook was working for them; when in fact nothing could be further from the truth.