Member Info for JohnNth

I contacted POLY investor relations on Monday and they told me "Tabys code is not yet available. AIX will distribute the code once they receive all the regulatory approvals, which is expected by the end of this week."

So I assume the code will be available early next week.

FK knows how they are going to get away with it ??? and why would the law protect them and not us ??

Mook the crook doesn't live in the UK so immune and Israel protects its own no matter what they've done overseas.

"75% of investors need to vote to delist the stock"

This is often misunderstood. What it means is 75% of those who bother to vote and NOT 75% of shareholders on register.

Tabys code is not available yet. AIX will distribute the code once they receive all the regulatory approvals, which are expected by the end of this week.

"This is a massive discount.. just bought £8000 more"

All lies....no such trade has gone through

Mook the crook have treated shareholders with complete disdain whilst doing everything to ensure he comes out of all this with minimal damage. I wouldn't be surprised he used the entire ch 11 process filling his pockets with whatever he can get his hands on in CINE.

I have noticed Ukraine keeps making up ideas as they go along. I remember when they requested HIMARS from US; Ukraine said it would be a game changer. Similar rhetoric was churned out about the German and western tanks and other hardware. None of which have proved effective; in fact HIMARS are shooting down anything and everything other than the target. And now, they've moved onto the F16...we must have them to defeat Russia says Zelensky and his cabal of no hopers at every opportunity.

Ukraine cannot win this war, peace talks is the only way forward.

There is now a consensus amongst all supporting nations that progress by Ukraine is extremely slow if at all, and Ukraine running out of soldiers is also of real concern. Further, information on war coming out of Ukraine have to be treated with a pinch of salt eg. Russia have been blamed for the explosion of the dam in south Ukraine but Ukraine, US and UK does not want to submit to a UN led inquiry as requested by Russia to establish what actually happened. It sounds familiar, just like the explosion of the Nord Stream pipeline and the bomb landing in Poland killing 3; the blame for which was firmly placed with Russia until evidence proved otherwise.

Ukraine cannot win this war and peace talks is the only way forward.

I agree Wolfie...saving the business and jobs takes precedence over compensating shareholders, especially when facts/fundamentals are so stacked against CINE. IMO the most optimistic of valuations wouldn't get any where near close to the levels of indebtedness and CINE as is have already ceased to be a going-concern.

The judge will consider not only value of assets but whether CINE can be a viable going-concern, and in this they will receive no help from lenders who appears very keen to get their hands on the assets. IMO CINE can only be a viable going-concern if debt is restructured and I can't see lenders agreeing to this.

Only right that CINE pays for the valuation and the judge should be asked to grant such cost order on the company. It is the very least shareholders deserve as throughout ch 11 process, they have been treated with complete contempt by the mookster.

Whilst independent valuation is important to gauge true value of assets, my head tells me it will still be no where near CINE debt levels.

Couldn't agree with you more RB. Zelensky is trying to rectify his errors run up to war and win back land and US UK wants to weaken Russsia/China axis. Both will fight Russia to the last Ukranian. Time Ukranians rise and 'take back control'.

I agree they could have had a lien on assets but they can't stop company from selling assets under the guise of restructuring where proceeds go only to the lenders. Crafty mookster could have used that tactic to gauge valuation.

Maidit...I hope you're right, but think meme craze is over for some time now imo. Trend today appears more like pumping and dumping.

ATB

Wolfie

"that doesn’t make any sense. Why would the lenders want to let it go for a knock down price? They want their money back right?"

CINE RoW is all CINE business except US, UK & Ireland; basically what mook the crook owned in 2014 (Cinema City International) when it was acquired by CINE in return for some cash and near 25% stake for the mookster. This business is fragmented and thinly spread over many countries and accounting for approx 10% of revenue – see link below

https://www.statista.com/statistics/1082314/cineworld-revenue-worldwide-by-country/

CINE placed this business on sale early this year only to abandon sale abruptly without providing any details. I am of the opinion the mookster never intended to sell this business but use any bids received as value of its RoW business and use that to try buy it off creditors; who would prefer to concentrate on US and UK where they have economies of scale and sell the difficult to manage, low yielding business in european countries where they lack EOS. The mookster is at home in these countries as he has first hand experience in doing business.

I am of the opinion that any bid received by the Newco (creditors) for its RoW would be seriously considered and the mookster can use results of the RoW tender process carried out early this year as basis of valuation. Newco gets the money in quick for the creditors and that should be appealing.

Mountainous...yes I've been saying that for a good while now. I am of the opinion that mook the crook placed CINE RoW business on sale just to gauge interest and get an idea of what it's worth, so that he can later pitch in a price and get it off creditors for a knock down value. Like you say, the mookster may have reached understanding on this with creditors already. The crook used Ch 11 process on how best to safeguard his own money without any due care for wider shareholders.

From what I understand, payments to mookster & Co by creditors is to ensure smooth handover wrapped under guise of consultancy. They will add nothing to the new business, and it won't stop the mookster from milking the business in the few days it remains under his control, whilst rest of shareholders remain mired in suspense and in fear.

Thanks Hex...I don't mean go after the remaining shell company, but just wait and keep debts on CINE books and so any potential bidder for CINE shell will have to factor in the debts on CINE books before making any bid. If these debts in CINE books outweighs the value of tax losses then CINE is worthless.

Further, I presume the deal is only done with the bankers and landlords...what about other creditors?