Member Info for HNS_77

Ok had to drop a final final post after all the warm farewells

@Fun , Retail, Patience, lsesb - thanks for checking in and yes the debates over the years interesting if not ultimately fruitless from a financial perspective

As you say Fun, health is the ultimate wealth, stings to take the loss but ultimately will heal - we all have to make a decision that will keep our mental health in tact and I can now focus my energies on recouping the losses here

I genuinely wish all those lth I have spoken to on here and still holding this works out well and if it does then - regrets, I've had a few and all that - you know how it ends

best of luck all

I’ve weathered this crazy 3 year storm with many of you so felt right to come back one final time to let you know I finally decided to sell out completely after holding to consider if something resembling a vague recovery was still on the table - will take what I can recoup and the tax loss for future gains. All the best I salute you , the rollercoaster ride officially ends here for me.

@Hexam

There are lots of positives in this RNS unfortunately none of them relate to Cine shareholders

$270m was mentioned as DIP for RoW - so if we’re to achieve the rumoured $500m valuation for Row possible to pocket the difference ..?

Tegop - Ive been discussing it with the chaps on the Cine Discord and have come to the same conclusion

what did you read about RoW that interested you?

Looks like the RSA is finally uploaded - reading it now

Cine lawyer openly states they couldn’t get offers anywhere close to $6bn yet someone else would pay $11bn for ****s and giggles - surprised anyone fell for it !

Thanks all for sharing your thoughts on this

Srini I have seen you around on the board and feel your financial pain - the analogy of waiting for an exam result is an interesting one.

As expected sounds like most are willing to go for broke on the off chance that Mooky's interests in retaining his 20% means that his interests are somewhat aligned with ours and that he has the ability to negotiate his way out of this bind.

The wait continues.....

Just wondered if there was anything resembling a considered investment thesis other then a pure gamble at this point

thats why I was interested to hear from those in the higher ranges as if you have entered at 2-3p and thrown a few K at this it might be worth the punt

Addressing anyone with an average north of 15p

As the clock ticks down to the fateful RNS what are the main reasons you think this could be a positive outcome for shareholders?

Given all the negative messages and no chance of recovery statements and the most recent court update which was that they could not get a buyer close to the 6bn debt- we now know this is going to be some form of D4E restructure plan as the Cine Lawyer fully ruled out the sale option ...interested to know what is keeping any LTHs here other then pure hopium and the fact you may already be in a heavy loss

Agree with that bulls - might well end up at $600m if D&D can pull in some crowds on Friday

April looking better let’s see if we aren’t diluted af when the plan is released to actually care

Based on mojos figures looks like March 2023 will beat March 2022 by a gnats c.ock at least

Like holding a candlelit vigil in the final hours waiting for this plan to finally emerge

LTH brothers/sisters in arms bracing for the inevitable impact

This report from Bloomberg seems to be saying they didn’t get firm bids for US and U.K. - The PowerPoint seemed pretty clear but obviously having audio is rather important !

Either way looks like we should expect something to be released today/ tomorrow and the April 10th deadline is mentioned for ROW

https://www.bnnbloomberg.ca/cineworld-reaches-deal-with-creditors-to-shave-billions-of-debt-1.1901722.amp.html

I just watched the court broadcast no audio but shared a PowerPoint update / main takeaways for me

The slide says they have received bids that covered the secured debt in full
That they will be publishing the Restructuring plan tonmorow
That the deadline for ROW interest is April 10th

Clearly there is more to this then is understood - if U.K. and US cover secured debt thr assumption was they would keep hold of ROW at a valuation higher then current SP based on valuations mentioned

Seem like whole thing might being offered away

Bonkers, - you might recall at the time the focus was on the leverage debt covenant test date that we were fairly certain that Cine would fail based on predicted revenues- in the past lenders had waived the covenant and this was expected to happen again - except it didn’t and that’s when then C11 was triggered shortly after - I was shocked to see how little money was left in the till and that is still a mystery and disingenuous from mooky and team given the agm only happened in May for them to have so little in reserve by august

So it seems this time around the lenders decided they had enough and we’re not going to agree a waiver

If we were so close to not being able to make those payments and Mooky knew this that certainly wasn’t communicated clearly

Nice trip down memory lane re the AGM all we thought we had to do was have “no more covid surprises” as Mooky put it and find a way to win the CP appeal which Mooky said they were very confident of with the legal team they had assembled. Didn’t see the sp annihilation on the horizon

As the trailers for Maverick and Avatar rolled I was sitting two rows up from Mooky and as reported he was continually checking the share price like one of those annoying people in the cinema that are scrolling during the feature

Films will always unexpectedly flop but my feeling is that Mooky was crossing his fingers that EVERY film release would do well and when you are relying on such a thin release schedule they had to - I counted at least $800m of box office lost of films that flopped - fantastic beasts, light year, thor, black Adam along with some that grossly underperformed like Black panther

I’m 50/50 if I make the journey this time but will let the board know closer to the time

Hey mountainous - good to hear from you - I fluctuate between a 6-8 , bracing for impact and will take the tax loss if/ when it arrives

I’m bullish on the business and prospects for Cine to recover in the near future but less so given the messaging whether we will be around to reap any rewards

It’s pretty easy to google “film releases 2024,2025 “ etc and see the line up of films many of which more then likely to be future blockbusters -

I am sure Hollywood appreciates the concern and insight from industry outsiders but I wouldn’t worry from the looks of things they seem to have this sorted - whilst Cine’s future is far from guaranteed wouldn’t expect this multi billion dollar machine to hit the skids anytime soon

Looks like Hexam is right on this occasion looks like I raised hopes prematurely