Member Info for maidit308

Https://www.proactiveinvestors.co.uk/companies/news/1020778/hollywood-actors-strike-sag-aftra-president-fran-drescher-slams-studios-in-fiery-speech-1020778.html

DEAN'' perhaps Investing.com see trouble ahead for this C11 deal with all this going on, even if it was pass in USA and think we could still get a result ? FK knows why he would change his stance, and also in the link above they talk about CEO paying themselves millions, while saying they have not got the money ? sound a bit like MOOK LOL!!

The little help from one of the press we go Friday is this statement from Alliance news..

RE: Cineworld had faced discontent from shareholders over executive pay in 2021, including bonuses to the CEO and his brother and deputy chief Israel Greidinger.

and yea DEAN'' the judge USA has certainly helped us with this new date 2nd AUG, under the quiet''

it will certainly give the AD HOC discord group more time with the new, no win no fee lawyers and will certainly give the UK authority more time to dig into this purpose Administration to grab the asset and cash out of the parent CO and transfer it to the Cayman island,

some good weekend relevant thoughts TEG well done..

ATB

The company is lining up AlixPartners to act as administrator to help with the transfer of ownership to its lenders,

yes TEG exactly'' we all think this robbery was planned since then, and we hope the UK court don't let them get away with this conflict of interest all round, and that there will be a thorough investigation into this dodgy underhand tactics to cut us out, from there will be dilution, to nothing for shareholders..

Stop it now'' CWW'' we have had enough of this POOR post, if you are not winning the argument the filter button is handy

use it, I do'' FK all this arguing with other posters all weekend

It look like C11 is far from over to even consider ADMIN for the UK parent CO with more case to be reschedule up on KLL

NOTICE OF RESET HEARING

On June 22, 2023, Sinead Millen filed her Motion for Relief from Stay [Docket No. 1924]

(the “Stay Motion”).

Upon agreement of the parties, the hearing to consider the Stay Motion previously

scheduled for July 17, 2023, at 9:00 a.m. (prevailing Central Time) has been rescheduled to

August 2, 2023, at 11:30 a.m. (prevailing Central Time) (the “Hearing”), before Judge Marvin

Isgur in Courtroom 404, 4th Floor, 515 Rusk Street, Houston, TX 77002. You may participate

in the hearing either in person or by an audio or video connection.

few more weeks can only be a good thing, for the SP although it's a painful wait filled with uncertainty

good weekend

With all this turmoil in Hollywood going on ATM and could last for weeks with backlog of new film slate binned''

it would have been better if MOOK done a funding call when SP was 9p or even before C11 even if it means 5b extra shares on the Market and pay back half of the debt and renegotiate the rest over a longer term, than to spend £50m on C11 to wrestle all the equity from shareholders, because when move slate been put back a year if the strike drag's on, no one will want to go to the Cinema to watch old movies that they have seen already there is the problem, even if they get through the UK courts and run off to the Cayman island with £70m in MOOK and management pocket

Actors / writers / film production / all on full blown STRIKE in USA and perhaps around the world, happy days'' see what happens next ?

will MOOK & lenders do a rethink as the plan get held up for weeks, FK KNOWS''

CQ up 25% @ 0.88 c FK knows'' but it would be nice to see a rise like that in UK at some point to bring a little hope that all is not lost, even in these remaining days, if it's still to happen for July off course ?

we will see

This breaking news on Aljazaara that Hollywood Is about to go on strike and all movie making will be stop for the first time since 1960 #could not come at a better time IMO, as that would mean the lenders would be wasting there time taking over cineworld for that $4.5b debt, as movie stream dry up and people start watching cheap streaming films made by AI, the writers are worried about not getting paid enough for there movies and rights ? a huge concern indeed and should be a huge concern for MOOK and it lenders, when revenue start drying up'' and that's what i was talking about the other day, when i say'' in there headlong rush to steal S/H equity'' IMPACT ASSESSMENT GOT THROWN OUT OF THE WINDOW IT'S NEVER TOO LATE MOOK'' TO CALL IT OFF AND FIND ANOTHER WAY BEFORE IT TOO LATE, DON'T FORGET C11 IS STILL ONGOING, £35M each for throwing us under the bus, will certainly come back and bite you, and you may have to pay it all back..

They are not too silent to get this news of a CEO appointment for new CO THO'' LOL!! but at least they talk about the disconnect from shareholders with this £35M payout ? a little help i suspect

The plan, which was also approved in the U.S., involves the release of about $4.53 billion of the group's debt, a rights offering to raise gross proceeds of $800 million and a provision of $1.46 billion in new debt financing.

Acuna will replace Mooky Greidinger, who has held the top role since 2014 when the group completed its combination with Cinema City International.

Over the years, Greidinger has grown Cineworld through several acquisitions, including the $3.6 billion purchase of Regal Entertainment in 2017. That however saddled the company with huge debts.

Greidinger and his top management team will be paid up to a combined $35 million to leave the British cinema operator after it emerges from Chapter 11 proceedings, the Financial Times reported last month.

Cineworld had faced discontent from shareholders over executive pay in 2021, including bonuses to the CEO and his brother and deputy chief Israel Greidinger.

BUT WHAT DO THEY MEAN THE PLAN THAT WAS ALSO APPROVE IN THE USA???

i thought it was only approve in the USA ? when was it approved in the UK ?? I'm totally lost here..

if Alliance news is correct ?

Thanks for that CHIP ATB Good post JANE'' my thought is that CINE Lawyers was SHT scared of the valuation Report

by the amount of objection they throw at us on the 16th June, no win no fee seems the only way to go now in the UK court as we could never come up with that $150k and as the C11 is not over yet and perhaps won't for awhile from the Objection from small stake holders landlord still going in on KROLL, so we may yet see a miracle FK KNOWS it's just a thought to help in these final days..

ATB

We could have done with an interview on this huge deal today really'' to counteract the profit takers that was always going to happen after waiting so long for this news, see if we get something in the press tomorrow anyway we should see the SP settle down, and continue it's journey north, now that the traders have cashed out IMO, and hopefully we can get back to sensible conversation around revenue and potential future acquisition

ATB

Had enough lads it's just too volatile ATM, it look like the MM won't let it pass 0.40 for the last 2 days even when the buys far outweigh sells, as if they are getting ready to drop some more FK knows, but i have had enough I will watch how it plays out for now, with a tiny holding, that's not worth keeping an eye on, ROBBING CNTS

GL

There you go RASHMAN it was a good buy after all, now lets see where this goes in a few days

GL all

Does seems strange THO, that we have a huge Cinema chain in this Country still raking in billions in revenue

that is contemplating taking SH Equity to clear there debt, by calling in the administrator to clear out the account

to do it, and everyone is alright with it'' not one of them come out in support of shareholders concern, about this theft ?

anyway listening back to that court case S/H valuation Audio for the 16th June you can clearly see we was not quite prepared although we had strong argument, CW lawyers object to everything we say because it all come down to the silly $150k that we was not clear how the report was going to be paid for, hopefully we are still in with a chance to further that argument in the UK court, and a white knight comes to our rescue in these final days WE WILL SEE''

FK knows JOHN, LOL!! but it does seem a little extravagant for a punt'' and seems like a person on the inside to me ?

anyway we will soon find out i suppose, as I'm all out of speculation with this silence in the press ATM like everyone is just waiting on death

Morning all hard core gamblers LOL!! FK knows what's going on but someone just purchase 4m worth

hopefully a leak we are to be thrown a lifeline ?? just speculating mind you.. but why ??

B49, you are a funny poster'' that twitter stop trading as a RE to what MOOK is on the verge of getting away with, at least they never wipe out there shareholders and the SP was $44 not 0.38p anyway we are now closed at 0. 375 try again tomorrow you never know you may get it right, considering the nail biting end of an Ara we now find our self in, but you must stop this premature gloating M8 wishing and hoping that we get nothing that's nasty..

We'll see B349 we will see'' but it does sound like you are wishing for 32 the amount of time you have posted it ?

it's OK to say you are short M8 we won't take offence''

This debacle remind me that none was done with COVID 19 lock down that end up costing the country £2 trillion

so MOOK & it's lenders could get away with this Theft and feel happy for awhile in the Cayman island, but left with no credibility no stock market listing and no investor to turn to when the lenders can't afford to spend anymore billions on it's recovery and shut the whole lot down they will rue the day they left us out of pocket