Member Info for Danosaur

"Maybe So, Sir, But Not Today."
Pete Mitchell

This time last week someone was on here that felt so low they might end it all.
Yet here you are. Reminding people how low they have fallen and how bad life is going to get.

Everything has to be short term with you Aim

Buffet is overrated. He has the money to affect any share he buys into.
Normal people have no such advantage.
Don't try and be Buffet. Use your own strategy.

You only lose money when you sell. Or the share goes bust.
Neither of those things have happened.

Might buy some myself tomorrow. Going into a long weekend in this will feel like playing the lotto.
Like you say, what difference will another 1k make. My portfolio is still up overall.
1000 at 2p gives me 50000 shares which is not far off what I own now.

They would say that wouldn't they.
They are not getting mine.
So we wait.

Not sure if AimMaster has ever met karma before.

Think that once you're in it cine have 120 days to present something to the judge. Chapter 11's usually last 6-24 months. Average about a year.

If shareholders get stitched up here over a "near term" debt.
Would they have a legal case similar to the "dissenting" regal shareholders?
Did Cineworld take enough action to protect its shareholders from loss? Or did they just throw us to the lions as an easy option?
This is based off presumption and is hypothetical. I just can't get can't get my head around the fact that a 3 month slump could cost me my stake. Especially after what we have been through.

Be careful what you wish for.
Made for TV movies are usually rubbish.

if you can't spell "lose" it won't happen.
Clever.

I guess the point being made is the debt.
Why does it all have to be cleared just because one impatient creditor wants theirs quickly.
Just sort out what needs sorting first.

I never mentioned dilution. In a chapter 11 they don't need to dilute. They can come to an agreement that they will pay off the creditors over so many years. If they can satisfy the judge then they can come out of the chapter 11.
This is my understanding of it.

The covenant test they presumably failed is for £354 million.
So that is the debt that needs to be addressed.
The rest of the debt has not been called in.
You could say the cineplex money (£737 mil) is being sought, but not until after the court case.

You missed the "I would imagine" bit from your quote.
When I invested here it was because I saw a big future with a large slate of blockbuster movies. We have now had the rug pulled because of a 3 month quiet spell.
It is very suspicious. Someone is going to get a profitable business on the cheap and we are probably going to lose out.
But, that is capitalism for you.

I should imagine most cinemas are loss making at the moment due to lack of big titles.
In 3 months time cinemas will look like they have a booming future.
I doubt if us shareholders will be part of it, but you live and learn.

Aim.
You were literally wetting yourself when this share was crashing.
You are not fooling anyone with this rubbish. You are here for personal gain.
The 9 in 10 number you give is for trading. Doesn't apply to proper investors.

Got to be said. This board has been very noisy with drampers for the last few days.
But most of it has been "Don't do this", "Don't do that", "Don't listen to them", "Sell up now"
Have you every tried being slightly subtle with your methods? It would make this board a more interesting read.
Because currently it resembles a bunch of 12 year olds arguing on an xbox forum.

Once the movies get back up and running properly, I doubt any cinema will be unprofitable.
As long as big studios produce the goods, cinemas will make a profit.