Member Info for JohnNth

Invest-thing...reality is the business isn't worth even half the debt value. Cinemas is a declining business; one needs to own one or invest in one is like one needs a hole in the head.

End is nigh...and the fact CINE is managed from the holy land of Israel won't stop it.

Ch. 11 suucess rate is between 10% - 15%

https://www.debt.org/bankruptcy/chapter-11/#:~:text=If%20the%20cost%2C%20the%20time,a%20company's%20assets%20being%20sold.

@77blackbridge...well said and absolutely bang on. Internet is full of cases where ch.11 have been abused by top mgt if one bothers to read about it.

No need to remove it cos it is a correct statement. Global institutions are mired in the past when Britannia ruled the waves eg. two thirds of world population is excluded from 'permanent' membership of UNSC; it needs reforming as a matter of URGENCY eg. UK or France with populations of 70m each can veto resolution agreed by India with population of 1.4bn. Talking of Iraq, I vaguely recall that politicians said it had support of the 'international' community, but when you broke it down it amounted to less than 20% of global population; China, India, and the most of the rest of the world did not support it.

Burning cash like there's no tomorrow, but rampers on this board thinks they'll get a pay out of as much as 5p and above per share. Debt (excluding lease commitmenets etc) stood at $5.3bn end of 2021 and with interest rates shooting up, only him up there knows what it is now. It is generating cash but only enough to pay the wages, business rates, maintenance, heat & light. There's no money allocated for any sinking fund and the lenders have been told to p-i-s-s-0-f-f
Ch.11 protection coming off soon and top management sunbathing in Israel; contrary to people on this bb believing they're working their socks off to keep the company afloat. I can remember what happened when SIR Philip Green ran his retail empire from Monaco.

WoW...agree; SIR Philip Green ran his retail empire from Monaco.

Business has primary listing and head office in UK and majority cinemas in UK US, but according to you it's ok it is being run from Israel. Which ever angle you look at CINE from, it just doesn't look right....does it?

Be realistic...in ch.11 application nobody is going to say we need time so that we can syphon off more money from the company...are they? I think living where main business is very important especially where assets and business is physical like the cinemas.

I agree, but wipe out in 2023 for them is better than wipe out in 2022 cos they can get something out in 12 months without putting anything in. Anyone can see they've used ch.11 just to buy time knowing well company's ultimate fate.

Mooky and the band don't even live in the UK or the US, they are sunbathing in Haifa, Israel where their residence is. They own 30% of CINE and when bankruptcy beckoned in 2022 they threw in ch.11 application to gain protection from creditors so that they can go on earning big salaries for another year. Do they actually care about you? I'll leave that for you to judge.

maidit308...you will not be given opportunity to consider any offers cos lenders call the shots. Size of CINE borrowing means there's zero equity left in the company.

WW...that is absolutely correct, only problem is CINE's debt problem is unsurmountable. I cannot see lenders agreeing to a dilution and ending up with what appears to be worthless stock. Lenders would want out completely cos they know anything cinemas is a doomsday scenario. Call me a doom monger, but no cinema stock is worth more today than it was 10 years ago, with AMC capitalsiing on meme stock hysteria to issue shares in 2021 to clear loans.
There's absolutely no way back for CINE whichever way you look at it; debt mountain is just too BIG.

"Pretty sure my IQs dropped 5% reading that"

Not to worry too much, it is still 150 higher than you know who on this bb

Lenders want an orderly outcome to CINE situation; preferably a buyer who will pay good money where they can recoup sizeable chunk of their money. In this orderly outcome, shareholders feature right at the as-h--e end, meaning they'll get p-ss all.

LTHamigo...how many times we've heard film slate is picking up; more times than I've had hot dinners! It's time up for the cinemas everywhere and especially CINE which has been on life support since 2019; in a vegetative state if you like courtesy of lenders.
Final and fatal blow not far-off.

@Tegop...you come up with some belters; yesterday you got caught lying and had to admit.

LOUD AND CLEAR......................CINE mgt would have no say if lenders decides to put CINE into liquidation.

CINE has enough cash until July only because they are not paying the lenders. In fact CINE can carry on trading long after July until lenders say enough and call in the loans. Enough cash does not mean they are paying all the bills which needs to be paid cos loan repayments are not being made as CINE have no cash.

bb...I admit I did say £2.20 was a resistance point and I stick by that. This is not set in stone and I do believe it will go into next week above this level.