RE: Don't Panic - Covid Cases Predicted to fall26 Oct 2021 14:44
Mountainous,
I am not sure how you get to the conclusion of "we will be ok if we lose "and think we have added any significant money to our cash position since end H1.
Their claim is a multiple of any funds we have.
We are not able to access all cash we have due to certain parts of our lending.
We would be far from ok if worst case scenario we lost to full or near full value of their claim.
Even if we were able to get support to finance it then that extra debt burden would be crippling..
Other options may well see company survive, but could destroy us shareholders stake.
I seriously do not want to face Cineworld losing the case.
Don't think we will, at least not to near value of Cineplex claim. However none of us can guarantee the outcome currently.