RE: Did Cineworld pass their RCF test in July?25 Aug 2022 01:30
Just seems very strange to me if they couldnt pay down just $300m and re draw that after the test.. would be nice to have had confirmation either way (whether they managed it or not) but we didnt get the courtesy
RE: Cineworld Short Seller Argonaut Says Shareholders to Get Nothing25 Aug 2022 00:35
They havnt really sold, they have lent out the shares and when shorters return those shares you will see a TR1 showing their class A shares back to same or slightly higher from their profits they took from the shorters
I expect you will be here for a short while.. sell at the first site of profit and i will still be here anyway (for better or for worse) that was my vows when i got married to one share :) but i wont try to tell people its a screaming buy just so i can one day break even or profit etc
People make their own decisions.. like when you bought in now, if it goes down massively you say you will keep topping up blah blah blah.. you will end up like the rest of us stuck here :D
Literally no point ramping, makes you look just as bad as the derampers, its a hold for sure if you are massively down, but not worth worrying about up or down day etc
You assume they acted on inside information, but really wallstreet journal ran a story exactly the same as in 2020 without consulting with Cineworld.. and Cine have said they have no further to say to the media. All papers jumped on the fake news and spread that bankruptcy news like it was fact.. hard to believe anything from them after the past few years of their bullshyt
The thing about having a job where you do very minimal actual work and menial tasks is it gives you time to reflect on situations.. i dont know if it will end badly with Cineworld but i have came to the conclusion (rightly or wrongly) that the lenders may have said to Mooky if the appeal is successful they will continue to fund the recovery.. but if the appeal outcome is not successful they will have to take control etc and dilute shareholders to get their money back quicker.. i could be way off but something doesnt sit right with the way they moved back results a month (until after the appeal) and how Mooky knew about the weak film slate between August and November yet at the AGM he said that the slate was strong and they were doing okay.. mixed with the way all the other cinema chains results were showing a near enough recovery to 2019 levels due to the same films
I think il continue to topup till the end and if im wrong im wrong but just seems like a way to show the courts they wouldnt survive (and Cineplex are last in a long line of creditors)
If they go down maybe i lose a few more months wages.. if im right ill have a decent amount of shares in a great business going forward (i still dont believe cinemas are dead) even if Cineworld dont make it with current shareholders tagging along it will still survive and thrive in the coming years despite what some people believe, maybe im just a sucker but im gunna go down fighting with all 3 of my distressed stock picks