Member Info for LTHcine

Pusssssy

So it looks like they have reached a settlement where they borrow $150m more and refinance $1bn and we could come out the other side of this chapter 11 almost unscathed? Or with a takeover offer? 70p- £1/share seems reasonable ;)

13 green boxes on this one thread.. impressive

I imagine the longer Cineworld are in Chapter 11 the more chance we have of coming out relatively un-wiped out, as the money has chance to roll in

Antlev you are boring asf

Thanks for correcting me on the DIP thing before i made an idiot of myself :) would be greatful for the link to hollyreporter article also

Wolf can you point me to where you have seen that Mooky is pulling out of advertising contracts? Also its not him pulling out of leases (that is the Debtors that are in possession currently) and the Cineplex deal.. who wouldnt pull out .. they thought they had reasonable grounds to pull out as CP didnt stick to their agreement but the Canadian courts obviously had a bias (as we all well know from her links to the CP CEO)

Any valid info is hidden amongst lawyer jargon in the court documents.. only thing thats happened as far as i can tell is Cine have been lent just under $2bn and theyv closed about 21 Regal sites that were draining money.. unless iv missed everything :)

Topped up another 47,091 shares today as i do love a good average down (not that iv had much choice) cant think of anything worse than Cine recovering without having loaded up at this price

Jimmy they had another site setup within days of scheme approval and then paid dividend a few days after that too..

Remember Jimmy saying Amigo wouldnt be allowed to lend under a different company (phoenix from the ashes)

Must admit im struggling to keep up with ALL the dockets so iv just been skimming for words i know the meaning of :) but i havnt been able to find anything about the CinePlex thing WolfOfWarks has said about in the official court proceedings

"WolfofWarks
Today 15:47
Posts: 4,717
Price: 2.36
The reported deal was for CP shares plus debt - so they would walk away with a stake in CP, loan notes plus whatever control they will have over the rest of CINE."

Dont think CP got a chance in hell of getting anything that easy, this chapter 11 being handled in US is nothing like how the case was handled in Canada with a bias judge who has close family ties with the CP CEO etc..

https://cases.ra.kroll.com/cineworld/Home-DownloadPDF?id1=MjI5OTUzMw==&id2=-1

Theres the pdf to the docket if the link works, if not its Docket #570

Whats CINE action? Is that what happens in the back row?

*yawn*

Ginger - i almost had a stroke trying to read your comment :) thanks

Why are you affraid? Not even a shareholder but crapping your pants?

In this bournemouth echo article they make it quite clear that the £40,000,000 raise will 'include' the 19/1

Kate also has confirmed that the final details of the rights issue are unknown as of yet so its anyones guess, but there is a shareholder vote coming on the terms of the RI so im guessing they wont make it too painful to stomach. Also Gary had said before they are looking towards a higher gearing.

I still think there should be a shareholder committee like the claimants got.. so shareholders could negotiate rather than the board just agreeing that we should pay for example the whole £40,000,000 and mess up the chances of a successful raise.

Now if they were to announce £200m of external debt raised via bonds or a new securitisation facility before telling us about the full £40,000,000 then the SP would recover and the raise price wouldnt feel like such a shock to the system.

Good luck everyone.

https://www.bournemouthecho.co.uk/news/23047101.amigo-wins-permission-lend-money/

I think personally it will be closer to £15,000,000 for the 19/1 so works out 3.16p per share held to get access to the 19 new shares... maybe £25-30m though with the rest raised from an II placing

One thing i wouldnt want to see is a dilution EVEN if you can take part in the raise, that would take the mick

Metom - its only a few hours until Friday trading hours and you still havnt replied, please let me know what can bring an end to Cineworld for good today

Legin - so the mcap will stay exactly £19m + £15m/£40m from the 19/1 right issue, and no way mcap will end up higher? Okay.. what about when an announcement comes through about a £200-300m bonds/securitisation facility to facilitate new lending drops?