Member Info for AJones

Yes I agree there a probably a lot of people sat in the background waiting today! To see what happens! And if the time frame from the post passes, then I am sure they will be in like a flash! Twitter posted Clearly stated yesterday "As of today or tomorrow" - US market opens in 2 hours. They are going to send an RNS out when both markets are open! Like I said we shall soon see what happens! GLA

@EdvonSchleck - READ what chapter 11 is about I posted it below - search it on Google read! With a strong future outlook for 2023 and proof that they can service the debt and make profit why would the courts and the Lenders pull the plug and lose Billions?

Chapter 11: In this type of bankruptcy, the company seeks court protection from creditors until it files a financial recovery plan. If the plan is accepted, the company can renegotiate debts, cut costs and keep doing business. It can also eventually emerge from bankruptcy and even recover financially.

Chapter 11 bankruptcy usually occurs when a company is shouldering more debt than it can pay off in the course of normal business operations. In many cases, that same company believes it can operate profitably again once it gets its debt load under control.

Everything is only speculation! We have no solid facts at this point! No one seems to know what happens with the UK Share if the US files for Chapter 11. The newspapers could be wrong like they were in 2020 and Mooky might turn up with an RNS stating everything is progressing well with the lenders and no Chapter 11 will be filed! Or he could even state they have expanded the credit facility by X amount to get us into 2023! No one actually knows 100% apart from the board themselves!

@wellington - I am sure we will soon find out if the Twitter post is correct and how it will affect the shares in the UK and US and what exactly it means for shareholders! I think if the post was correct then there will be an RNS around 13:30ish (1 hour before US market opens)

The thing to remember is Cineworld IS a very profitable business! The reason they are in this position is because of Covid and Hollywood's lack of films in Q4 2022! I read the other day that Netflix is bringing out more content in the next 3 month than all the studios in Hollywood combined! This is the reason why Cineworld are in this position!

You really need to read up about Chapter 11 and you will see that Cineworld will be in a much stronger position in 3 months ready for 2023 and will be able to prove to the US courts that they can carry on as a profitable business which is what is needed to come out of a chapter11 bankruptcy! Look at 2016, 2017, 2018 & 2019 balance sheets and you will see that is what is going to happen in 2023!

Chapter 11: In this type of bankruptcy, the company seeks court protection from creditors until it files a financial recovery plan. If the plan is accepted, the company can renegotiate debts, cut costs and keep doing business. It can also eventually emerge from bankruptcy and even recover financially.

Chapter 11 bankruptcy usually occurs when a company is shouldering more debt than it can pay off in the course of normal business operations. In many cases, that same company believes it can operate profitably again once it gets its debt load under control.

Thats why I put a question mark as it was more of a question than a statement - Some state that it will continue as it is a UK listed company and cannot be affected by a chapter 11 bankruptcy as Chapter 11 does not exist in the UK meaning only the US shares will be suspended and not the UK. Then on the other side I have read it will affect the share and it will be suspended.

@Finchy - This is why as a worst-case scenario I think the US side of the business will be sold or given to the Banks! And the EU/UK side will continue to operate under Mooky's control. I highly doubt it will come to that as I personally think they are looking for breathing space for the next 3 months and doing this is their best option to prove that they are profitable business and can pay back debt!

Am I reading this correctly - Cineworld are going to file for Chapter 11 bankruptcy in the USA whilst they restructure their debt giving them 3 months to get everything sorted out. The UK part of the business will be operating fine and will not be under the same rules as the US Chapter 11 the shares will continue to trade and not be suspended only the US shares will be suspended?

In my opinion I think that the debt will be restructured, and they will come out on top and 2023 will be an excellent year for them! And I believe that if they cannot sort the debt then the US side of things (Regal) will be put up for sale and sold either that or it will be given to the Banks in a swap for equity and the EU/UK side of the business will survive and keep going under Mooky's control! In my opinion 1 option = £3 a share in the next 12/18 months and the other still = £1 a share in the next 12/18 months!

@poor - I never set it that high it can be manipulated it was set at 4.75p which was 1p above my average. It executed at 4.40p - I really do think/hope it is fake and as mentioned I will be the first trying to get back in tomorrow if there is an RNS or no RNS.

https://www.google.com/finance/quote/CINE:LON?sa=X&ved=2ahUKEwiDnYGwqP35AhUPWcAKHRRlAhEQ3ecFegQIHRAY

It was a spare of the moment decision which past as my stop loss kicked in! Based on the current share price it was the correct thing to do. Will I be back in tomorrow if there is an RNS or No RNS yes! Will I set the same Stop loss again Probably!

I will be honest I bottled it! Based on that tweet and the massive drop and sold out on a stop loss! Hopefully this is all rubbish which I really hope it is and I can get back in at a decent price tomorrow!

That you Eddie_Stocks123 ? With your 16 followers :D

Shes getting some right abuse on Twitter!

Why has it not been written up in a news article if it is true? Why just a tweet from a reporter?

If it is the case, then I do apologies! Either way I sold out as I had a stop loss in place! As I cannot take the risk!

Hopefully an RNS stating it is rubbish again!

That tweet has a lot to answer for if it is not true!

https://twitter.com/sabahmeddings/status/1567123821810835458?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

I want to see this link off twitter? Is it actually real?