Member Info for MIKODX

poorinvestor - As I've suggested before, make an announcement before you make the trade stating the amount of shares your buying/selling and the price. Until then anything you say is just BS.

maidit - So because there is more buying than selling you think the SP will go up? It doesn't quite work like that even though it should. What you will find is if there is a lot of buying then the MM's will keep the price static or drop it. Think about it, if it went up then most people who bought at the original price, would sell for profits. The MM's dont want that because they'd have a lot of paying out to do, so they keep it level or drop it. It's called market manipulation. It is illegal, but govts around the world are not going to do anything about it because they are the ones that benefit from this type of manipulation. The market is manipulated and corrupt.

Anyone who says "you just need to way your risk reward up and take a position accordingly", can under no circumstances be taken seriously..................lol.

Ianharding - it is the lenders that will be voting the re-organisation plans through, without their votes the judge will have to enforce chapter 7 or allow more time for them to come to an agreement. As far as I know, if a UK company is part of a company that files chapter 11, then the UK company falls within chapter 11 rules. Their might be a loophole somewhere, but as far as I know chapter 11 applies to the UK company as well.

The reason CINE filed for chapter 11 was really to get more time to pay off their debtors and the main one was to stop any claims against them from Cineplex. Cineworld still generate a very sizeable income and figures show that attendance levels are returning to pre pandemic levels.

Chapter 11 is why the SP has dropped to it's lowest in history, the current SP is badly undervaluing the company. Cineworld generates around 3B per year from it's business, given more time they will be able to clear their debts. The claim against them from Cineplex is the real dagger in the back and the one causing most of the problems. If we can sort out a more acceptable deal with them and get more time to clear our debts, shareholders might just get a chance to live.

Great to see the AxisBiotix probiotic drink making it's debut sales in Spain. It will also be making it's debut in France and Italy in the second half of 2023. Will be interesting to see how much sales can be generated from these extra income streams.

Holding Firmly.

Jing1 - That's your opinion, that doesn't make it a fact. Creditors may disagree with the plan, chapter 7 could get activated, and the US Govt jumps in and saves the company. You just dont know what could happen.

The end or maybe the beginning is near and here is how it goes - When a corporation is on the verge of bankruptcy, its stock value reflects the risk of Chapter 11 becoming Chapter 7. For example, a company that previously traded at £50 may now trade at £2 per share due to bankruptcy speculation. After filing Chapter 11, the firm's stock price may fall to £0.10p This value is composed of the potential income that shareholders may receive after liquidation and the possibility that the firm may restructure and begin to operate successfully in the future. Private investors can buy and sell these 10p shares. The actual value does not reach zero unless the probability of restructuring is so low that a Chapter 7 filing is sure to follow or if the company does indeed end up in Chapter 7.

Now here's the important part - If a company manages to emerge from Chapter 11 bankruptcy stronger than before, current shareholders may or may not benefit from the turnaround, as old stock may get canceled during the bankruptcy process, and new shares issued.

Thanks for your efforts Patience, it is very much appreciated, and I hope it pays off. Best of luck to you and all LT holders.

rehpyc - Anything handled by the Americans is illegal. I mean, in what land can you declare bankruptcy, wipe out shareholders, and continue trading? That's right, only in America.

That all depends if the judge approves it.

Hexam - They may have had that amount when they made the DIP, but they have since generated revenue from cinema ticket sales. They don't require funding to run the business, the business can run itself. They only require funding to reduce the debt.

With any luck the Judge will see right though what they are trying to do here and decline it. Either your Bankrupt or your not, cant have it both ways.

Hexam - If you read the latest Interim report and check cinema figures you will see that Cineworld are turning over nearly as much as they were pre covid. If they are running out of cash why do they still want to continue trading? Use your loaf and dont believe all the BS they're putting out there, they are still raking in loads of money.

JunoCasper - I'm afraid your the one talking nonsense. "If it wasn't for covid we wouldn't be in this mess", doesn't wash with me. Bottom line is even if Covid didn't come, we would still be heavily in debt, and still being sued by Cineplex. It's the Cineplex debacle that got us into this mess as well as Covid. With so much debt why was Mooky still trying to expand? I tell you why, it's because he was expanding with other people's money and not what the company itself had generated. If he was spending the company's money he would have thought twice before agreeing to buy out Cineplex. It's his greed that has got us into this mess not Covid.

This is bang out of order. If the company was really going bankrupt and dissolving the business I would accept being wiped out. But the company is still going to continue to trade, and is still going to be earning tens of millions every month. To freeze shareholders out like this is unacceptable and should not be tolerated. If you paid every shareholder 10p for each share it still wouldn't add up to six figures, so we should be reimbursed or compensated not frozen out. Outrageous.

Cineworld is due back in United States Bankruptcy Court for the Southern District of Texas on 20 April to present Judge Marvin Isgur with its proposed plan of reorganization. The company will also need to file a disclosure statement with their plan or shortly thereafter for the court to approve. A disclosure statement details all the assets, liabilities and business affairs of a bankrupt company so that creditors can make an informed decision about how to vote on the plan of reorganization.

Once Cineworld’s disclosure statement is approved by Judge Isgur any creditor with an impaired claim will have about a month to vote on the PoR. At least two-thirds of the claims in dollar amount and more than one-half of the number of creditors in a voting class (e.g. unsecured creditors) must accept the plan for it to be confirmed. The confirmation hearing for the court to confirm Cineworld’s restructuring plan and discharge its debts is currently scheduled for 26 May. If the confirmation order is issued on that date, Cineworld will exit bankruptcy.

maidit308 - I totally agree. CINE has 1.37B shares on the market. Lets say 500M of that is owned by PI's, even if you offered 10p for each share, that's still only 25M. It's outrageous that they are offering the shareholder absolutely nothing yet still want to trade under the Cineworld brand. If that's what they want to do then they should at least pay some type of compensation to the shareholder.

Anyone that has decided to hold until the bitter end has a duty to fight for their shares. If not then they are a doormat, and most certainly a doormat in real life as well. How can any shareholder be happy with the way C11 is turning out? We are being totally frozen out with not even a small compensation offer. This is unacceptable and must not be tolerated.

(continued)

Action to be taken
Shareholders will not be asked to vote at the General Meeting but are still entitled to appoint a proxy to attend the General Meeting on their behalf. If you are planning to attend the meeting, it would be helpful if you could please indicate this by registering your attendance. You will find details of how to appoint a proxy and register attendance set out in the notes to this document. Please make sure to complete this process as soon as possible and, in any event, so that your appointment is received no later than 10:00 a.m. on 18 April 2023 or not less than 48 hours before the time of the General Meeting if it is adjourned. A valid appointment of a proxy will not prevent you from attending the meeting in person and speaking should you wish.

Yours faithfully,
Alicja Kornasiewicz
Chair 23
March 2023