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Hi All. Please contact the law firms. Run the concerns past them. Do not worry about money.
Normally these things are done on a contingency basis. If thee determine there is merit and a case to be had, you will find SEVERAL shareholders willing to jump on board to sue the CINE BOD and Mooky.
I have a million shares and stand with you.
Would not be surprised if Wolf was a paid contributor sent on behalf of Mooky to spread negativity and the occasional spin factor.
Retail: Standing ovation sir....... standing ovation .... captured to the T.....
Shareholders: get ready to lawyer up! Hope to see you at the April 20th
general meeting!
Wolf: stand down, sir.
I feel the shareholders best interest were not represented, nor kept in mind with the
creation of the recent announced plan. I wonder if we could file an injunction, and at least have
the court MAKE Cine, re-present multiple restructuring plans, with one including some equity for shareholders?
The way I see it is all stake holders should take a hair cut but it should like:
The company is taken private and:
A. Existing shareholders are given small equity in New Co.
OR
B. Existing shareholders are given cash payout (in order to avoid future lawsuits - like hertz).
Hoping that some event occurs last minute, to turn the direction of events, as currently
this seems very scandalous !
How come no mention of the current cine.l shares to be de-listed, and new
company with new shares will be issued?
The share right offering will be existing shares?
Can someone explain this part ?
It seems :
1. Creditors will get the d4e swap and retain 100% of the company
2. Cine as whole will not be sold
3. Cine ROW will still potentially be sold
4. What about the Cine.l shares? will cine.l be de-listed?
Damn... it might be time to lawyer... I see a class action law suite in the future here.
I wish shreholders got a chance to vote on this?????
does anyone see the current cne.l shares being de-listed, and new shares issued? share suspension was not anticipated through the ch 11 process??
What does this mean for shareholders? We were not mentioned in the article????
Per the article, Wednesday will be the next day to get the news that will either, send the shares up or crashing down?
Based on this update, supprised the stock is not jumping up..... I guess the details will need to be released first?
Any hope for shareholders? And we still have the meeting Aril 10th....
https://uk.finance.yahoo.com/news/cineworld-reaches-deal-creditors-shave-234107528.html
Wait... wait .. wait so...
1. Mooky and BOD can run the company into the ground.
2. Get golden parachutes.
3. Hand over company to said lenders to satisfy the debts.
4. screw shareholders
How come shareholders do not get a vote in this ????? Law suite time. Time to lawyer up Mooky. This just got real.
Dang.... according to the article Mooky and BOD's are to hand over the company to lenders, and Mooky and BOD get the boot, with golden parachute?
Current shareholders get screwed? This seems like what happened at vue. Is there any hope for shareholders. Wonder what this news will do to the stock price?
Just got a letter from my broker to notify of the general meeting. As I am 1 million shares in, I will be in attendance.
Hope to see you guys there. This seems to be the only forum for shareholders to voice their concerns, and to "try" to get
the BOD and Mooky to some how structure a deal for us to get some kind of equity.....
I bet mooky will attend remotely.... lol ... its better for him..... leave your pitch forks at home... and please bring persuasive arguments on why shareholders should not get shafted!!!!!!!!
Lets stand together and send a clear message!! And if they fail to listen... lets file a class action law suite!!!
"not expected to result in any recovery"
This is legal jargon to protect themselves as the future is unknown. Still 50/50 shot either way.
I am in at 7p, so will see what the future brings. This RNS was pointless, other than to announce the
meeting date.
How can we convince Mooky and the BOD to structure a deal that will give shareholders equity in the new company?
Time to consult a lawyer. How can Mooky and the BOD's make a deal to screw us and get away with it? Dont we have a
say in the new deal as shareholders ?
As previously announced, it is not expected that any plan of reorganisation or sale transaction would result in any recovery for Cineworld's shareholders
Then what is the point of the meeting? It seems shareholders are screwed ? There is not hope left? Will this meeting
have conference call info provided? or do you have to attend in person? I might have to make the trip.
Does stock dilution only apply to the current stock? If Cine issued new stock to its creditors in Exhange of debt relief,
then this dilution topic becomes a mute point, as the existing shareholders will get current shares unlisted, and new shares will be issued (which we wont have any equity anyways)???
I still cant believe all of the effected stakeholders like institutional and retail investors. Is there any chance
for them to receive any kind of equity?
It looks like the new shares will be issued and they will scrap the current shares. I wonder what is stopping a hertz style deal, where new shares issued but shareholders get a combination of cash, and new shares in the new company.
Class action law suite time if this goes south....
with all of the information to date. Does anyone have a clue if shareholders will retain
any equity. Legal posturing was done by the grim potential warnings, but its hard to believe
that in the event a new co is formed, institutional and retail shareholders get shafted?
No equity in new co? Law suite time... gents .....
how does this help current shareholders? I searched the whole 14 pages and shareholders were not mentioned once?
An extension of the Exclusivity Periods would continue to give the Debtors the “breathing spell” necessary to facilitate negotiations with stakeholders on remaining issues and maximize the value of the Debtors’ businesses and creditor recoveries.