Member Info for Ilovesushi

If it is a not vote the shares could halve then halve again....Its not a great offer but it is better than nothing.

That is the way it will protect the stake-holders who ultimately own the company and will take possession of it. There is very little value left for shareholders. You may get diluted to 1 pence. That is if your lucky. You could get nothing. Lets wait and see what the bond-holders say. Its not over yet.

The Group remains in active discussions with various stakeholders and is evaluating various strategic options to both obtain additional liquidity and potentially restructure its balance sheet.

But it can still file for bankruptcy (chapter 11). It has got to protect the stakeholders and owners the Bond Holders) Real fun begins when the bond holders come out with their price. 1 pence. (99% of the equity)

The real drop comes when Bond Holders refuse to less than accept 100% of the equity. It may rally a bit and then fall when we hear complaints from Bond Holders. They will want somewhere between 99% or 100% of the equity. Shareholders to get 1% at most.

It may still rally from here until the reality dawns. Bond holders call the shots and they want blood. Can trade it still but eventually it goes to 1 pence or below. But not yet..

A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money.

Bond holders to exchange debt for equity leaving little or any value for the shareholder.. Big institutions selling at any price to recoup what they can before they lose it all. zero value to 1 pence at most. That is how I see it.

My 1p-5p prediction this morning came quicker than I had thought. Some laughed at it. So how much will any possible bond holder want to buy in at? They could wipe you all out and demand the whole shebang. Zero for shareholders.

Bond Holders are going to wipe out the personal shareholder. They will take what stake they can then attempt to sell the assets higher price. They no doubt will sell at a large loss the entire thing. Why keep value in here for the shareholder? Its wipe out time.

Cinema is dead but someone will get the assets. Nothing left but token value for share-holders. The last RNS pointed this out. Massive dilution coming. 1% - 3% left of the company after the bond-holders take their cut. That or nothing.

Any funder will be seeking massive discount in share price. Any bond holder is NOT going to be considering any shareholder. The management must look after the stake-holders position. Shareholder comes last. Shareholders will be lucky to have 1% stake in what remains after the massive number of shares to be issued. 90-95% dilution for sure. Its all in the RNS.

Dont be fooled by those talking this up. Bond Holder's own this. For their cash injection they will want blood. The assets are already theirs. Little here will be left for the small shareholders. Bit institutions will want out as they see the writing on the wall.

This cant be over-sold if a big drop and dilution is coming.

CINEMA IS DEAD.

Prospective new funders will want a lower and lower price for diluted shares to cover themselves. Its hard to sell yet to be issues shares in advance at a higher price than those to be issued (pre-selling). As shareholders dump as they have learnt by experience what is going to happen it is forcing the price down. Who will fund at a higher price than the current share price. It is too difficult to sell these hares in advance and at a premium. Hence the fall. Funders now hesitate wanting cheaper and cheaper shares.

One of the easiest companies to see dilution coming and no one wants part of it any longer. People are tired of funding failure....

Usually Bond holders in exchange for equity will often take 90-95% for the equity to leave a token amount for shareholders. This could leave the shares at around the 1 pence level (or less). Obviously with so many shares needed to be issued there has to be a consolidation so shareholder's are shafted twice over. STRONG SELL.

Some bond holders take all the equity and leave nothing for shareholders. So these could be worth ZERO..

Very Happy to be holding these beauties. Maxwell to settle soon. Big injection of funds and a nice and juicy RNS will take this upwards fast. Good opportunity to get in before the rise to close soon. Strong buy.

Its tricky to get these people to vote for you as your proxy. There is a way. Vote closes at 10am tomorrow. IB is open later so please vote yes. Want help in how to make a ticket?

Down 94.70%

over 1 year: And it still going to go lower...

A JONES. Big mistake. Throwing good money after bad.

It cannot be over 5 pence that is for sure.

Lets say for simplicity the company has 1 billion shares in issue. (lets forget the 300 million extra) And the company owed $8 billion (lets add the legal claim). If the share price is 10 pence. (lets forget the debt is in dollars and the share price is less. Debt for equity swap would mean an issue of 80 Billion shares. So 80 for 1 share dilution would wipe out 80% of of value.

Basically forgetting odd numbers the share value is around about 1 pence. However any bond holder may play hard ball and will want a better price or in fact demand that shareholders are left with zero value. Anyone have an issue with 1 pence value? It could very well be zero.

Read this carefully.

"In connection with these initiatives, the Group remains in active discussions with various stakeholders and is evaluating various strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction. Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld".

Stakeholders will take a haircut by exchanging debt for equity. Little equity will remain with shareholders. 1 pence at best and probably zero.

Management will shortly call in administrators as it cannot pay off the huge debt. This company will pass from shareholders to bond holders. That's it.

Significant dilution...means little value is left for shareholders. This will drop again when talks are concluded. 1 pence.