RE: Cineworld Going Bankrupt ?18 Aug 2022 11:04
Not sure about "getting the video out there". That guy was already a holder. What price did he buy in at, 20p, 30p, 40p, more? He was also recommending "hold" yesterday before it dropped further. His analysis to date hasn't done himself, or his followers, and favours so far.
Also if the debt isn't so bad, why are they looking to reduce it, at shareholders (probably considerable) expense.
For me, the debt - although a massive issue - isn't even the biggest one. The biggest one is whether cinemas as a business are even viable any more. Will they ever get the footfall they enjoyed before 2020 again? It is a dying industry and whether it will ever recover enough for CINE to deliver profits again is the big unknown. This one is for traders only IMO.