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Would close my shorts if I had any. 20p was a gift from God. Now 30p will have to do. This is going to boom over the next few months.
So now we're believing a Sky news unsolicited 'story' v the Cineworld CEO's word, his companies interim report, gone over by his auditors and Price Waterhouse Cooper.
Let alone, if he wanted to gloss over the figures in the interim report, he could have done a much better job than that!!
I'll believe Mooky and accountants versus some unknown Sky hack who can't even be bothered to get the most basic outstanding debt figure right!
Are we saying they lied in the rns/half year results ?
Surely that could bring about huge penalties for releasing incorrect information?
As I say, you make me laugh
*another
Got you @funinvestor. Your point being unsourced, unfact checked 'stories' just appear in the media. They sure do, that modern day sensationalism for you. No one want to hear (apart from us!) ..."Cineworld are in the process of renegotiating their debt covenant waivers to give them financial liquidity until the later part of 2021. Negotiations are ongoing, and are hoped to reach a conclusion within the next few weeks.
That would never suit a shout from rooftops Tweet would it!
I guess that was sky doing their Motley Fool bit, speaking of which he'll be back with some 'great' advise in the next 48 hours!
Anothing mystery or should I say bull**** is mooky/bod say theres enough liquidity to last until sept 2021.
Other sources saying cine will run out of money by end of this year.
Who shall we believe...
It is very strange that you try to insult and goad everybody shorter. Your desire to make people mad so you can then attempt to belittle them, is very controlling. Akin to a bully i would say
All a bit sad really
@Shorterguy:
Seems like everything is shut. Of course. Can not wait for your mouth to be shut.
Let you out the box for entertainment for couple hours, back in the green box for you now shorty.
Mooky said in the sky news interview just over 2 weeks ago that "we have the full support of the banks that are working with us...a lot of funds". It would seem unlikely something that has happened since then would make them change stance, considering the only news since then is NY reopening and increasing vaccine positive sentiment.
https://www.youtube.com/watch?v=2t9ks7Gf-eg&t=310s
Another tesla this. Shorters will burn.
Drifty, No I am saying currently it is still planned for cinematic release (currently December, may get pushed back again like others have).
I am saying that was another false piece of news few weeks back re it going PVOD .
The superhero films especially are made absolutely with the big screen in mind.
Agreed and all this has been priced with with some extra helpings and desserts...way oversold imo.
Yes @funinvestor, i thought the same thing after seeing the 'story' getting released on Twitter for instant distribution right at the time the SP was relatively flying. If this had happened on Monday, when the SP was at 25p, no one would have batted an eyelid.
Very curious/coincidental timing.
Re Wonderwoman1984, respectfully i have to disagree that Warner Bros would send this to PVOD. To them its a $1 billion dollar movie. The first one made $881m in normal times. I can see the streamers paying $100m for a movie, but even a discounted $500m is a bit strong for my liking. The studios have shown themselves to be incredibly greedy, wanting the whole world opened up before they release movies to the studios. WW1984 to PVOD would be a Pirate streamers dream! I could see them pushing WW1984 to the Spring/Summer to join the mass of blockbusters lined up for 21/22, with the Studio's eyes on a billion dollar movie.
I'd love to be proven wrong and WW1984 be brought forward to Nov 20, but can't see it.
"Like the rest, it's too late for you to sell."
You use this phrase often shorty, can you expand on this please?
As far as I am able to conclude shares in Cineworld are still being traded so anyone currently holding shares can should they wish still sell.
Now if they were suspended from trading it would be too late.
However every time over months you have stated this ShorterGuy fact the shares have not been at that time suspended.
Enlighten us will you.
You do make me laugh.
I just press the sell button; it's dead easy really. The fun for me is the fact that you have absolutely no idea what price I am in at. Is it 200, or is it 20?? You could be terrifying me or I could be sat on a sea of blue.
Either way, you are giving investment advice to people when you have absolutely no idea of their circumstances. Pretty dangerous don't you think..............
Not going to though
Pretty stupid comment.
If I was worried i would have sold?
Steve I think that's a good point we should consider more.
Today was a sky news "story" with no (as yet) substance.
Similar to other stories we have had at times.
For one I can think of WW going straight to PVOD , when this was shown on current facts from those involved to be untrue.
Current intentions are for cinematic release of December 25th.
Sky for example owned by multi billionaire and other media sources similar.
May these billionaires be misusing their power by releasing such "a source has said stories" to benefit from various stocks and shares!?
Has there been any further information on the CVA?
https://news.sky.com/story/cineworld-lenders-brace-for-restructuring-of-8bn-debt-pile-12090766
Somtimes it seems like certain members of the media might be shorting cinema stocks, or perhaps it just makes a story? Firstly they always make the misleading statement that cineworld is $8 billion in debt making the average reader think "the had it coming then". Secondly they always push the argument of cinemas now losing business to the streaming companies with an air of inevitability about this as though a future transition to us watching all films in our living rooms is a foregone conclusion, despite the fact that when you actually look at the figures and issues with streaming this doesn't seem a strong argument. Again this argument gives the average reader the impression that cinema was doomed anyway, despite cineworld always making a profit pre-covid.
I have seen no reference to you stating "in my opinion"; you state bankruptcy as a foregone conclusion. Given you are not a party to any of the discussions taking place. You have taken a Sky report, without a source and turned it into bankruptcy. You know exactly what you are doing. It is deceptive.
I don't worry, I have no reason to.
Shorter.
Is there a reason you keep using the word bankruptcy and reflecting on the consequences?
Personally, I believe you are deliberately attempting to mislead people.
At present Sky News have issued a "story" regarding CINE engaging turnaround experts. This is unconfirmed by CINE and nowhere in any report have I read CINE are entering any form of insolvency procedure. The journalist has expressed a view from a "source" regarding a CVA. You now keep stating a bankruptcy.
Are you deliberately misleading people for your own gain? That is certainly my reading of the situation
Can't be first to go as a number already have shorty.
At least you have moved from no chance to little to no chance shorty ;-)
As well losing money here as anywhere else eh.
I haven't forgot you have prophesized that almost All businesses will not survive this.
That in turn means nearly all of humanity won't survive so money no value to you me and everyone else once this comes to fruition and we are in our boxes underground (actually we won't even have that comfort as no business to do this for us)