Member Info for Ilovesushi

up we go

something is happening...

IS THIS GOING TO RIP UP FAST?

booom time

Could be big jump in prospects on approval. Anyday now.

DOWN 30%. With more falls to come.

1 pence.

What is more probable is zero pence as the Stake-Holders will want 100% of the equity. This will be made clear. Then as soon as they make their idea clear the share price will drop again. To the point at which it is then delisted.

The company survives of course. (employees protected) The company continues to traded. But the shareholders are wiped out. The bond-holders become its owner (because they are owners of the debt). The company is suspended. Shares become worthless and then the bondholders will then sell the business to a buyer at a lower price than they are owned. So they lose.

Fun.

I mentioned 1.5 shares as an example. The stake-holder may not want to actually issues shares. So yes if a purchaser would want a stake, if 1.5 Billion shares were to be issued. That would be 50% dilution. But that would only raise 50 Million. If the company wanted to raise $500 Million how many shares then? What is dilution then? But that is still not enough. So how many shares does it need to issue? 150 Billion? What is the dilution then? So obviously there is then consolidation. So 1 share now could be worth what? 1.5 pence? 0.15Pence or 0.0015? significant dilution right? Thats my point.

1.5 Billion?
15 Billion?
or
150 Billion?

Work that out and then you will see at what level one is deluted.

What will remain:
10% of the equity.
1% of the Equity
or
0.1% of the equity?

so 1 pence
or a tenth of a penny?
or Zero?

Obviously big consolidation along the way or a delisting. All dire senario.

1 pence or more than likely ZERO. I have been saying this for a while now. The more time passes the more this is now is the inevitable outcome.

These guys who exchange debt for equity will then seek a buyer soon after. They will lose much of their investment as Cinema is not in a good position right now with most production going strait to streaming outlets and fewer foot fall. So any final price on a sale will see them taking a hair-cut. They have no interesting in supporting a quote and leaving value. It most likely it is zero. Wiping out anyone's investment here. Investors could be very lucky and keep 1% but I doubt it. These guys want the lot. Sorry to say.

On these occasions they usually do. There is not real reason to keep share-holders on board. They are not beholden to them. From past discussions with Stake-holders it appears they are not going to be a soft-touch, and will not play ball.

Next RNS from from the company will not just be that there will be significant dilution for shareholders but not only significant dilution but possible little if any value left for the shareholder. Then its not them that decide, they are only guessing. Bond holders are almost guaranteed to take the lot. Leaving zero value for shareholders. Thus the shares are suspended. I doubt this company will see 2023. Of course it will trade. No doubt. But ownership is transferred to the bond holders and they will sell it on. Taking big haircut. They will then take 50-60 cents in the dollar. Cinema is out of favour now and there are few buyers.

Last chance to sell before it is passed to the stakeholders leaving no or little value left for the shareholders. If stake-holders are generous which I doubt, they may leave 1% of the company to keep its quote and any future possible fundraise.

It may rise but slowly fall when negotiations with stake-holders leak. Its looking more likely they will want 100% of equity. Real value here is anywhere between zero and one pence.

When a corporation or partnership runs into financial trouble but wants to remain open, it has the option to file for a chapter 11 bankruptcy. This provides protection from creditor actions while the company reorganizes assets and debts to pay things off and keep the business alive. Chapter 11 is a preferable action to a chapter 7 bankruptcy, which requires a complete liquidation and closure of the business.

There is little or no value for the present shareholders. The company will be passed to debt-holders. The company for the shareholder is finished.

Probably thinking to do this at the request of the stake-holders who want their asset protected. This is not news. The big news comes when the stake-holders demand 100% of the equity. Which leaves zero value for shareholders. Of course administrators could also be called in. Its a matter of time before this is all delisted. Of course this is all hinted to in the idea that business will continue as normal until and at which point following any listing of such. Sure employees jobs will be protected. Notice how share-holders are not mentioned? Fully funded means 100% equity for stake-holders. Nothing to do with keeping value for the shareholder. NOTE key words. SIGNIFICANT DILUTION... This could be close to zero. 1 pence at best is my guess but NOT guaranteed. SELL

expect a big rise in the share-price

Never mind its filing for bankruptcy. The stake-holders will want their assets protected. The real rub comes in the discussions when the bond holders inform the company it wants all the equity as a condition for recapitalisation or debt for equity.
The best that shareholder can hope for is 1% of the equity and that is highly unlikely. Looks like the bondholders will take the lot. They have no reason to want to look after the shareholder. Sorry guys. Its the end of the road for this shebang.

It would not surprise me if the stake-holders are pushing for bankruptcy (chapter 11) in order to protect their interests. Bankruptcy has a different meaning when you call it chapter 11. In the UK bankruptcy means the business is going to be be closed, this is not the case. Chapter 11 is not that much different from administration. It will continue to trade and probably will continue its listing. That is unless the bond-holders inform the management it will be taking 100% equity. It is only only learning what the bond-holders want will decided things. Only then will the management suspend trading. It has already done its duty and informed the shareholders that on refinancing there will be significant dilution for share-holders. So you have had your RNS.

Bond-holders will require 100% of equity on condition for finance. That's it. When they inform of this, its curtains. Sorry guys. Suspension and delisting beckons.

When I suggest 2 days ago this was worth somewhere between 5 pence and 1 pence I was laughed at. Its actually value is zero. I was generous. Bond holders will want 100% equity. Even then they will lose money and take a haircut. They will not get their loans back...

This company will not be able to get more loans as it is already over-levered. There is no security left as bond-holders now all own this. Chapter 11 Bankruptcy will keep it operating and this is what the Bond-Holders expect. Wait until negotiations begin for equity swap. Shareholder will be lucky to get 1 penny. Could be wiped out but that will not be yet. It could also suspend the shares as there is now a false market. It will not help and if it is suspended it will not probably come back. Either or.

2.3781 pence on value of YES vote.