Member Info for CWWX

When I anticipated it dropping and it went from 418 to 439 I’m happy.

Agreed. Sold as it spiked (439p).

Might get back in again now

It’s bad.

Always has been though. They can only tell some people so many times they’re going to lose everything.

“ As a result of this, the proposed restructuring of the Group (the "Proposed Restructuring") now has the support of lenders holding and controlling approximately 99% of the Legacy Facilities and at least 69% of the outstanding indebtedness under the debtor-in-possession facility of Cineworld and certain of its subsidiaries (the "Group Chapter 11 Companies").

In addition, following a hearing on 2 May 2023, the Bankruptcy Court approved the terms of the BCA and authorised the relevant Group Chapter 11 Companies to implement those terms, including raising the exit facility contemplated by the BCA and the payment of relevant fees and expenses in connection therewith. This order marked another positive step taken by the Group Chapter 11 Companies towards implementation of the Proposed Restructuring”

They’ll use the word “proposed” until it’s 100% official. This RNS clearly tells you it’s 99.9% there.

Oh dear.

And again

“ As previously announced, in light of the level of existing debt that is proposed to be released under the Group Chapter 11 Companies' plan of reorganisation, the Proposed Restructuring does not provide for any recovery for holders of Cineworld's existing equity interests.”

No.

Simple answer

Are they his trades at 11.38

Won’t be a buy at that price. Not now or even over the last month or so.

When have I said that?

It’s this exact comment that is bollo**s.

“Government pressured them into trying to destroy the share price”

“Government pressured them into trying to destroy the share price”

Brilliant, I thought I’d heard most of the BS. Obviously not

Ha ha ha

That meant position. God knows why my phone said “workaround”

I’m in the same workaround with EVR as you Richie, and many others on this board I’d expect.

Ditched my POLY at 230 whilst in profit and not wanting to get tied down as I am with EVR.

91.5p for me

Can’t buy on Best Invest. Sell only.

Markets gone now.

Wasn’t Poly K being valued around £3 ?

Now it’s £6/£7 ?

LOL

How many shares pumped before going down and out?

Plenty !

A very small % of HL clients will be in Poly.

Comparing it to Woodford debacle. Isn’t that like comparing apples to pears?

For anybody having a rant at the brokers you need to really understand that the loss of your future business will have ZERO affect on them in any way shape or form.

A handful of disgruntled Poly investors is nothing to them, I’d bet if you asked every single Barc or HL client their views on the Poly situation over 99% wouldn’t have a clue what you’re on about.

As with all investments your take the rough with the smooth. From Feb/Mar 2022 this was always going to be rough.

Think it’s a great idea from the brokers implementing a forced sale. Will save a lot of inexperienced investors from losing out when the fund suspends and not being capable or confident enough trying to set up on AIX.

For those experienced enough there are options to get certificates, whether they’ve given enough time for that is questionable.

The reality really is to sell asap and take the hit, it’s only going in one direction from now on until it gets delisted or suspended sooner than you think.

As with all shares there’s a risk involved and holding Russian related shares this long after the “war” started was always far risked than anything else.

Boom or bust, that was what was on offer.