Member Info for Hexam

Why would they need to rebrand? Even if they did why does it matter whether or not it costs more than the current mcap? It's never dumb to ask a question I'm just not sure what you are getting at with this one?

Haha - no I didn't. Maybe I'll hold out for 0.56p then :-)

Hi Penta,

I haven't sold quite yet. Seems there are enough degenerate gamblers out there to keep trading this even though the final outcome now is all but certain - so just waiting to see if I can get above 0.5p for a small, hollow victory at the end of all this misery!

It's been good conversing with enthusiastic but realistic posters like yourself but inevitably the board has mostly been taken over by idiot chancers or gloaters for the last few months. Still, just a few days or weeks and it will all be over.

Btw especially liked your dignified 'sign-off' yesterday and better luck to you too for the future!

I am glad Penta. My point simply was that anybody believing they will get up to twenty-four hour's notice to get out when the admin RNS referred to drops in July are likely to be in for a nasty surprise.

They didn't say they would suspend the 'next day' but "shortly following any decision by the Board to make an application to appoint administrators in respect of Cineworld Group plc". The next day thing applied to cancellation after they actually appoint the administrators (and by which time when they will already be suspended).

No. Cineworld is currently a public company. When the new company becomes private it will no longer trade on any public exchange. This is really basic stuff - please stop trying to mislead people.

At the moment yes, but not once they apply to appoint administrators, then it’s over for us I’m afraid.

No - they won’t. They’ve told us this. The listing will be suspended then cancelled.

The new company will be private and so will not trade on any exchange (until a possible IPO in the future).

Indeed but that’s always been likely to be the case so no surprises there. It’s the shareholders that will lose their shares under the plan with the business under new owners and (most of) the employees still in a job.

Pedro - Give it up. The other thing wrong with Strike's claim is that RevB's mcap was not £1.6bn in Nov 22. It was lower than it is now. And it was suspended.

So Boo have never sat on a profit on their RevB shares. Until today.

From latest accounts:

"In addition, the group acquired 26.47% of the issued share capital of Revolution Beauty Group plc ("REVB") for £15.0m. "

The stake in RevB cost £15m.

Actually we do know, or at least know what they are planning to do if the 'judge passes the current plan in the USA' as they told us precisely in the last Chapter 11 Update RNS, specifically:

"As a consequence of this and following an application by Cineworld to the Financial Conduct Authority (the "FCA"), it is expected that the listing of Cineworld Group plc's ordinary shares (the "Shares") on the premium listing segment of the Official List of the FCA (the "Listing") and the admission to trading of the Shares on the London Stock Exchange plc's main market for listed securities (the "Admission to Trading") will be suspended shortly following any decision by the Board to make an application to appoint administrators in respect of Cineworld Group plc, currently expected to take place in July 2023. Cineworld further confirms that the Listing and the Admission to Trading are expected to be cancelled at 8.00 a.m. on the business day following the actual appointment of administrators in respect of Cineworld Group plc."

So suspension (at some point in July) when the Board makes a decision to apply to appoint administrators and cancellation the day after they actually make the appointment. Of course this is assuming that all goes to plan (in exiting Chapter 11 etc.) but in the event that it doesn't then that's where it may, just possibly, get interesting (though personally I think that whatever happens it is very unlikely that we will come out of it with anything).

The 'UK shares' are the shares mentioned above (i.e. of Cineworld Group plc) and these are ALL the currently traded shares in CINE (including those traded in the US as these are still UK shares - just traded in the states OTC).

I'm really confused by what you are trying to say now.

Yes, Cineworld does have a future but they have been very clear that if the plan is approved they will transfer the assets to the newco which current shareholders will not be part of - and the company that we are part of (Cineworld plc) will apply for administration and shares will be suspended. So nothing left for us.

I think you are getting yourself in a tangle and should read the RNS properly.

The only hope for CINE appears to be if the plan is not approved so that they do not exit Chapter 11 and instead a last minute mega-bid comes in for the whole company that is high enough to give shareholders something. Possible but hugely unlikely. I can't see any other positive outcome for shareholders but maybe someone else can think of another scenario where we don't lose everything?

I'm confused. So now you're suggesting that it is game over for shareholders then?

btw I didn't say CINE was in Chapter 7 at the moment. It's just one of the possibilities if the plan is not approved.

Because the business is trading pretty much as normal and it is not absolutely certain that what CINE and the lenders want to do will be approved. If, as is very likely, it is then administration and suspension follows. If not then it will just prolong the agony unless there is a miracle save or, conversely, a nosedive into Chapter 7.

I too am intrigued by your use of capital letters. Every sentence is written like a title or heading. Computer generated?

"Something Does Not Add Up Here"

Yes, your logic.

What are saying is not true T4G. So you really believe it is ok for me to sign up to the Telegraph and Times and then reproduce in full their articles here and it is not infringing copyright??

I’m not ‘attacking’ either. I’m just pointing out something you said which I believe to be wrong and hypocritical.

Anyway this board is already ruined enough with tit-for-tat claims that have very little to do with Boo and more to do with egos and agendas so I’ve no wish to get into another interminable slugfest with you (or anybody) as to who has the last word - so have at it.

In the meantime I believe Boo’s sp will start to recover seriously but probably only when they can demonstrate (not just promise) decent and growing profitability. That’s why I’m invested and for me the rest is mostly just noise though of course other major news could equally send the sp soaring or sinking.

I do know better. What beaky is suggesting may be correct but what you were demanding i.e.posting actual articles that are behind a paywall is infringing copyright and hence the rules. You of all people should know that Mr. Rules.

Plenty of people still do it of course - I’m just surprised that you’re encouraging it.

T4G - For someone who is such a stickler for the rules and keeps reporting posters for supposedly infringing them (even though they usually aren’t) why are you now repeatedly trying to get a poster to deliberately and most definitely break them?