pbringit i know hexam and mountainous have replied , i also agree its a good question you asked.
i know hexam has said it has prob been brought up in the accounts but you would like to think they would of known this already , a closer look shouldnt be the reason or excuse to announce it now, but seems the most plausible reason given how cine are right now
HEXAM could it be required to fall under a certain threshold for a certain amount of time to require a meeting , ie if the amount requiring a general meeting was for arguments sake 5p and the S.P was sitting around that level , every time it drops below 5p they will not call a meeting every other day, however if it dropped below 5p for say 20 days it would require to activate said meeting.
just a thought and one im sure very wrong
im shooting at stars right now
Maidit on top of the responce hexam and cruis have said think about what it appears you are saying.
Ypu continue to claim that mooky is now getting us the shareholders involved in discussions like we matter.
I can assure you a meeting at the local town hall if someone suggests a alternative agenda they won't turn round and say oh OK thats a good idea we will proceed with that.
I completely agree with comments , a meeting is because they have to rather then want too , mooky isn't thinking of us and what ever is said moving forward from the meeting will not be due to shareholders input.
I can guarentee the information mooky will share isn't what we want to know it will be what he has to tell us , nothing more.
I actually think you know this , but your agenda is to fill any negative talk thread that doesn't meet your needs with a positive spin so it doesn't put off new punters , as your hoping for a small raise to get out of this evens.
My opinion of course
big rises dont always mean news is "imminent"
but when we have been awaiting "imminent" news for a while now you do start hoping that whispers are reaching the people in the know.
this time next year rodders!!!!
HNS I absolutely think i was in the same mind set as you , get pass covid, get cinemas open and at capacity , get the film slate filed and lets reduce that debt.
it always made sense why we were struggling a little, and we always had the reasons that made us want to continue our investment.
for me whats changed my mindset now which some believe is to bash the stock ( its not by the way) is that our debt has become too big, our film slate is getting bigger but not big enough , lenders have stopped lending , and we simply cannot pay our bills.
its like the lenders have said we have lent you cash we have listened and acknowledged your excuses but we have lost patience. many many company's around the world are still struggling with the effects of Covid I still think we are too, many studios are not putting in the same amount of cash as they did pre pandemic.
chapter 11 might work well for us , we hope and pray it does , the warnings we are continually given by the board makes me better prepared then some that if this goes tits up getting over it will be a lot less painful then to those convinced this is all one big plan by mooky.
Cineworld has surprised us many times in the past , i hope for the best one yet
Yep i remember the day well also, all 3 of you reporting back here for the sake of the board , think you would all agree the forum was somewhat different back then.
You only highlight certain concerns for me , it was a change to be honest , we might hit troubled waters blah blah blah , if your not gonna be honest then why even have the meeting other then to tick boxes on a bot of paper and say you have done it.
I hope you are both well , and I mean that away from the investment and the current s.p
You have it all sorted maidit , must make you wonder why they even entered chapter 11
You have it all sorted maidit , must make you wonder why they even entered chapter 11
It's a good question allkap , some think it could be legal jarga that has to be written , and they could well be right , I don't know if it is or not
I'm more cautious because mooky has never thought of the shareholders first , and now all of a sudden he is looking out for us, I simply don't buy it.
He could of done a rns on the Friday before web**** our doors forba few months with the delay in the release to bond , it saved money granted but.... how did we find out , via the media , I don't believe for a sec it was planned one say morning and then papers got the leak, a rns could of been printed to sayvwe are closing the doors and the reasons why , the descion was always going to be a catastrophe to the s.p.
Mountainous and bluebuxton attended the agm a couple of years back , mooky was asked when dobwe think the court case result will be decided , the answer was anticipated in the new year , the following morning a rns was announced with the 1.2b judgement ordered against us.
Fast forward to todays saga , the s.p dropping to 2p after media speculation of cineworld filling for chapter 11 , a rns confirmed after media speculation that again they were correct. Again a descion on chapter 11 would of been made a long time in the stock market world , a rns would of been a better way to find out.
Now all of a sudden he has a heart and is warning us , I don't believe it's to get rid of us , so he can pick up cheap shares , and I don't believe its to screw us over either , for the reasons above it has certainly caught MY attention , as its very unnatural of him
todays RNS mentions " As previously announced, it is not expected that any plan of reorganisation or sale transaction would result in any recovery for Cineworld's shareholders ".
this is the kind of stuff written by the board that bothers me, and why i have gone to super positive on this stock to now just super hopeful.
I'm aware that once the reorganisation is done the company might be or should be in a better shape however that looks, and then it might be worth buying in depending how it looks, would be nice to talk about future films and earnings without the awkward reading.
i'm NOT de-ramping , just writing why I have a very cautious approach to this stock right now,
lets see if a deal can be struck that involves shareholders receiving some pie , even if its crumbs
He's a member of the telegram group , a decent one at that
Jing you had a sly pop at me for moaning about the rampers here and suggesting not all is great.
You have just gave odds of 1 to 4 on of a wipe out , come on your buddies won't be happy with that.
#numpty
My big mouth, dohhhh
Well so it had last 20mins , let's hope it continues, was very oversold in my opinion
What's happining with the s.p here is all over the market , and unlikley to be cine related in my opinion. More to do with the banks and the bailouts.
Is it good news nope
Is it bad news , yes if your a dayv trader
I take nothing from the s.p that news is imminent
Maidit if you had been here longer then 5 mins you would know ocean is a typical example of a real troll.
Belittled holders
Massive agenda to cause trouble.
Respected by no-one
The one advice I give you in spite our difference of opinions here is filter or ignore ocean , he has nothing to offer this bulletin
8-9 , I have tried looking at many angles , honestly I have.
Mooky never thinks of shareholders first , the one time he does he warns of significant dilution.
Cineworld are in a host of trouble at this moment in time , previously when we needed help we got it.
A sale of assets makes sence , who buys a chain with a 1.2b lawsuit against them , this appeal also needs settling.
My hope the s.p has been dragged so so low you hope it can't get any worse , and over the years when it looks really bad something pops up and saves them.
This time I'm just not so sure. With luck something can be brought out that bag that benefits all long term holders here , as I have had the privilege to chat to some decent posters over the years.
Roger the huge drop was on the back of p.j leaving , the market didn't like Mr pow leaving power metal
You also Said you sold up and at a loss , so not only have your paper losses become real losses but your also continuing to post your agenda on a share you are no longer invested in.
Hmmmmmm raised eyebrows l.
Why you continue to spout nonsense on molopo as more then opinion is beyond me, have you seen the results, and more importantly why are you now interested in the results.
A ex investor now wanting to see the company do bad to justify thier position on making real losses , seen it time and time again , he will no become a real hater of pow
"Till then no point posting or checking this board. As will not offer up anything useful"
Ian harding the fact you post more or less daily I would imagine this is a lot harder for you to do then others.
Why write it if your not gonna do it Mucka!!
Warren I'm invested in this disaster and have been for what seems like 10 but in reality just under 3 years , not once have I said they will go bust!!!
And without responding to you the same way as you did to me I will keep it very very simple.
My point, It's my belief that with the position we currently find ourselves in, being in chapter 11 , a huge amount of debt which is likely to have increased, ( remember that we entered chapter 11 with 4m in the bank,) and we haven't even talked about the court case resulting in 1.2b dollars which we need to appeal that things are not as rosy as some here have you believe. Things are proberbly very serious.
To say mooky is in a strong position , no satisfactory bids is good , 50p by this date , extensions are good , blah blah blah is in my opinion madness.
Too much emotion you say, how you read it is your view, I can assure you though that my emotions on this investment are well in check , because I try and choose to be a little more realistic and call out the nonsense doesn't mean I'm a emotional wreck.
Why are you not calling out the trolls who give complete opposite views to the rampers.
Why iare you not telling rampers there is nothing to suggest 50p next year is possible , but you call out mine for trying to be a little more Conservative in where we currently are.
To say I'm looking for a better foothold or entry point is absurd , the current s.p is under 2.5p , ibwillnhave no better chance tobaverage down what I have already.
It's the exit point I'm after , if this does well I exit happy , if this doesn't I exit with lessons learned. No motive from me here
Hi hexam hope all is well.
Jing is a new one on me , contributed to 11 posts here , which tells me he/she is here for a punt and likes on posts , I would rather they didn't engage with me , as there opinion counts for nothing my end. His knowledge on this mess could proberbly be written on the back of a postage stamp.
Maidit again only ever sees a positive into every bad news we get , I'm still waiting for the breakout that he saw with the trades over the last few months. Yet still trading in the 2-4p range.
I'm still a holder , I would rather get out of this with something , but we have to be realistic that we MAY not.
What's going on ISNT good , continued cash burn , increased debt , and no buyer in sight. Yet some here presume everything is rosy and playing right into "mooks" hands. I'm simply trying to be realistic.
And maidit yes it is mookys fault , he's the c.e.o of the company and when it fails as much as it has he has to take the blunt of the blame. He's the one with the inside info , he's the one going to lenders borrowing money , he's the one buying cinema chains and then pulling out , he's the one representing share holders.
We as investors decide where to put our cash , sometimes it works sometimes it doesn't, its the risk in investing. We as investors decide when to buy and when to sell , me not selling earlier is all on me , I'm content with that , and certainly dont blame mooky , the fact the s.p is around 2p a share isn't descions made by me , it's your mate MOOK and that's something him and the family have to take ownership off