End Game19 Aug 2022 18:18
I've been reading the posts on this board religiously for about 8/9 months now having invested just shy of £20k in October 21. Until this week i really felt a come back was on the cards so the last few days events have hit me like a bus.
I'm totally furious with the board of Cine. Just Weds morning the RNS confirmed that they expected to "meet its ongoing business counterparty obligations"
48 hours later bankruptcy is on the cards. Total disgrace. I'm also struggling to understand how the business has eroded so much cash this calendar year. The balance sheet at December 21 showed cash available of £354m. I appreciate Q1 was poor but there's been a huge pick up since then. Where has the cash gone?
I knew this was a very risky investment, too much so. Lesson learnt. Good luck to everyone who is in the same boat as me, praying we can all recoup our position in the not too distant future.