RE: Bloomberg - on Black Panther and £180M US w/e so far14 Nov 2022 22:26
What load of gobblers, they are getting the liquidity as agreement with creditors and now even paying rent as normal. This a voluntary ch11 and not forced by anyone. The credits want a good outcome where CINE continues to pay the debt and non-profitable lease closure will alone support this now that back generating £3b+ in rev in 2022 post Covid which caused this issue for them.
Hence why ps is moved up, and now having dropped off the early sellers is ready to move up notch or two to get rid of some more etc. Just normal process.
Good court results today, on plan and target. CINE will be here for long time.
Buy lows today under 10p and reap later, is the name of the game here.
IMHO.
(Insiders + funds 70% hold and mkt cap is based on 30% and many shorts in the mix - this is not the actual intrinsic value of CINE by any means - Rev is near 2019 when @ £2+ and same Rev and its 10p., and debt is same as 2019?.... something does not add up here now they have been provided with liquidity and potential asset sale options...now does it)