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During the Cineplex case some lenders were mentioned. I am pretty sure from memory Barclays and HSBC were among them.
Indeed I "think" particular discussions Nisan had/or did not have with HSBC were focused on at one stage.

https://www.lse.co.uk/rns/CINE/proposed-acquisition-of-regal-entertainment-group-52ovjr043anhcms.html

You are missing the part that it is only the benefit of local tax rates on upto $2bn future profits they can offset.
Again you are posting nonsense Ian and Hexam is correct.
The debt for equity is all but a foregone conclusion, those suggesting otherwise are only deluding themselves.

The irrelevance is to us current (especially long term) holders.
Still very relevant to the business.
The business effectively being the lenders taking part in the DIP.

"As previously announced, it is expected that any de-leveraging transaction will result in very significant dilution of existing equity interests in the Group and there is no guarantee of any recovery for holders of existing equity interests."

The company added c. $1bn of VERY high interest debt during the pandemic. The RNS essentially also states a chunk of the commited $1.94bn will be used to significantly improve that.

It all seems pretty clear to me we end up with well almost or absolutely nothing.
However we are possibly already not far off that at 4p share.
Upside/Downside both look limited now.

poor investor, which part of $1.94bn already agreed do you not get?
SP is an irrelevance regards the deal with some lenders company has agreed.

A dull life is a wasted life or something like that eh sammy.

Well done forked tongue day traders ;-)

DillyD,
Third party are not coming in (if it happens) at no cost. There will be a reduction in company debts in exchange for the shares that dilute current holders.

You banked or considering banking some of your considerable gains from lower but ins at sin.e.world sammy?
Good of you to fly in Robin.

At what point do some realise the business being in a far better position in future and staff all having their jobs can be VERY different from current shareholders not being "very significantly" diluted per company recent RNS.

Company may well thrive in future, we may well still be as good as wiped out.

I hope we are not, but it's still a very real possibility/probability unfortunately.

Keep stake building you will soon be in position to make a hostile takeover bid sammy.

More bonkers than pennies per share.

September the 3rd Cineworld is having another cinema day with all films all formats for £3.

Yeah we heard it was oversold at c.£1 not that long ago too.

There never was anything like the AMC or GameStop level of shorts to make this a realistic option.
Since highs it's been an absolute cakewalk for shorts to close over last week so as much as the hyennas are gloating and talking nonsense let's not add to it from opposite side.

I am largely avoiding it. Both the ramp and de-ramp side have been ridiculous this last week.
Absolute delusion on both sides with about 2 posts of sense every hundred posts.
Ain't got time for that shiyte

Chair only has 3 legs now, hope you don't mind sammy.

Sushi,
1.5bn new shares in your example is only a circa 50% dilution and then follows other examples.
Currently 1.37bn in issue.

Cheers Hexam,
My thoughts were regardless of current price the future (hoped) calculations would be how diluted we are.
My random number was 90% so 1 for 10.
Is Calamari suggesting 99% dilution (why even bother leaving the 1%).!?

Also felt the potential dilution has already (largely) been reflected in SP 20Pp - 3/4p That's already a c. 80-85% dilution i.e. about where I suggested we may end up.
Let's be fair, without last week's news the current SP would (almost certainly) be trading around 20p and NOT 3/4 p