Member Info for AJones

https://www.barnsleychronicle.com/article/23620/bankruptcy-rumour-wont-impact-cineworlds-opening

What about your unsuccessful shorts?

Read it

@eddiemorra777 - I wonder why they are still trading if they have said in an RNS they are bust!

Exactly! So there is no point in arguing over! Not a single person on this board knows exactly what is going to happen! They can read what they want to read and make their own minds up!

Personally, if I was distributor to Cineworld and I thought for one second the rumours were true I would stop supply immediately and ask for payment upfront! The fact they have not done that speaks volumes in my opinion!

Its a very balanced article as well! Shows all sides! Anyone looking to invest should have a read!

We shall see who is right and who is wrong in the coming months!

I love that bit! " But at the moment it’s all rumours, they haven’t actually done anything"

“Obviously, we’re monitoring the situation on a daily basis. But at the moment it’s all rumours, they haven’t actually done anything,” they continued. “We’re being very supportive and doing everything we can to help both those circuits.”

Yep I am invested :D I know it is high risk, but I can see more positives than negatives! But time will soon tell whether I am right or wrong! GLA

@ryanf I am glad that paid off for you :) Good luck with this one

In my opinion he is using this Chapter 11 as a trump card to scare Cineplex! In other words, if you be greedy, we both lose out!

I did read it but I was happy just putting 5 x as I honestly could not be bothered arguing with someone and going into it when they say I am misleading as the price is currently X.

The below was written by a Shorter of AMC over a year ago! When the share price was near $2 Similar to what we are hearing at the moment! Did it happen to AMC? Did they go bankrupt? NO! They are still here trading it 5 x the $2 when this was written! Even reached $30 this year!

I believe that AMC will go bankrupt or restructure their company and wipe out all equity holders in the process. Their financial problems are increasingly glaring with each passing quarter they are unable to raise cash (debt, equity, business operations). While current sentiment has retail traders holding out for a angel savior, the longer this goes on more and more investors will see AMC for what it is and leave, weakening retail sentiment, and perpetuate the cycle of retail shareholders selling off more shares.

Markets are forward looking, and without positive cash, AMC looks to be nearly bankrupt by year end (missing estimates even once would accelerate this process). Given this timeline, I expect investors will catch on to this well before the actual bankruptcy occurs. Much like how markets can't keep ignoring MT's titanic cash flows forever, they won't be able to ignore AMC's lack of cash flows forever. There will be a point where the underwhelming quarterly performance and inevitable threat of wiping out equity holders will scare off retail traders as well. Note that even if retailers hold forever, they are against any share issuance and AMC's bankruptcy is pretty set in stone regardless of what they do.

The question you have got to ask yourself is - Why would the banks increase loans to Cineworld during the pandemic? Knowing they had little to no income and then the year when everything will go back to normal, and revenue will be back to $4.5 billion + pull the plug on the company and not let them refinance? And risk losing the money?

According to the company's statement quoted by "Wirtualne Media", it is conducting activities aimed at improving the balance sheet and financial flexibility - not only optimizing costs and increasing financial liquidity, but also "active talks with various shareholders", as it is considering many options regarding "both obtaining additional financial liquidity and potentially improving the balance sheet through a comprehensive deleveraging transaction".

You know them too well! Same dribble and same articles being posted! Very boring now! Why spend so much time posting on a share they are not invested in? The claim they don't have other intentions!

Again not one of these businesses that have gone bust that you keep quoting are remotely like Cineworld? How many of them businesses would be trebling their turnover in the next 12 months and making profits?

Fingers crossed!

They won't answer questions! They just post the same article from different news companies and hurl abuse at investors