RE: Cineworld Stock is Still a Hold For Now.8 Jul 2023 18:49
YES POOR'' the other part of the official website RNS that does not make any sense if it's the PLC that is the only one for the chop''
It is envisaged that, once administrators have been appointed, they will take steps through which substantially all of Cineworld Group plc's assets will be transferred to its wholly owned subsidiary, Crown UK Holdco Limited ("Crown"), and a newly incorporated company to be controlled by the Group's lenders will become the sole owner of Crown, with Cineworld Group plc ceasing to have any interest in Crown or the rest of the Group. As such, although the Plan is intended to allow the business of the Group to emerge from the Chapter 11 cases as a continued going concern, it will not achieve a rescue of Cineworld Group plc itself.
so how can the Judge pass Administration if the PLC is the only part of the Group that have all the Revenue money in the bank & asset ?? so what they are saying they want the Judge to throw us into ADMINISTRATION so they can transfer out
all of the shareholders money and give it to the lenders FOC and we have no say in the Matter as we are all gamblers LOL
we did not invest in the CINEWORLD PLC GROUP OF CO and all MOOK dream, we was putting it on a HORSE
that it STILL worth £4.5b to the lenders ?? as Crown UK is still worth FK ALL until they nick our money
see what happen next INDEED''