Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Can we all agree on the fundamentals:
1. Once Debt is forgiven significantly reduced (CH11)
2. And the cost cutting of closing down unprofitable theatres take effect
The current incoming revenue from all of these hit movies will produce
a profit for them. If this is the case, do not see why shareholders need to
get screwed, and cannot be a part of this **If this will succeed in the future.
Allow the creditors to recoup their losses with the new Co, but allow a mechanism
to have current shareholders provided something IF the new Co succeeds and ends up
monthly green enough to float all of their obligations and cashflow into the black.
In the current state the revenue from all of these hit movies is not enough to cover the operating cost PLUS the original loan payment.
After the debt is forgiven reduced (out of CH 11), then the incoming revenues "might" be enough to cover operating cost PLUS the new reduced debt payment, thus maybe turning a profit.
I hate that shareholders are getting screwed. Lets hope the UK legal challenge yields something for shareholders !
There still might be a slight chance that shareholders will win their challenge in the
UK courts. If CINE could have come out of bankruptcy easily, they would have done so
already.
I think and hope they are facing additional challenges, that will bring them to settle with current LTH's.
Wolfie, do you concur?
*From another poster**
Third amendment to the C11 plan. I did say this would get very messy as the US lenders try to transfer all of CINE assets to the Cayman Islands out of the reach of HMRC for when the company turns profitable. Looks like they are having to create a new company in the UK for tax purposes in order to continue the shenanigans of stealing from the shareholders.
Docket 2043 21/07/2023.
F. "Reorganized Cineworld Parent forms New Cineworld MidCo Limited, a private company
limited by shares incorporated under the laws of England and Wales that is tax resident in the UK (“Cineworld MidCo”)."
Is there any hope for cine shareholders. One week until July ends and still not de-listed. We need another run.
Does anyone know what legal issues will be brought to challenge CINE in the UK Courts?
Are there any past cases where shareholders have been successful?
Did anyone buy the dip ?
Why is the stock price dropping today ???? I do not het it ????
Were the targets for the Q4 dividend announced already? After all of the changes to senior leadership, and the cost cutting initiatives I am hoping to see a healthy increase in share price, and hoping for a profitable rest of the year.
Wolfie... what do you think about these new events? Did you make the call?
Wolfie.... pick the phone up and reach out to Mooky! Update him on the new events unfolding and convince him to do the right thing! ITs not to late.
LOL LOL LOL
Hey Poor: In the past Wolfie has been accused multiple time of being Mooky's cheerleader and many other things related to Mooky... but he has never been accused of having Mooky and the BOD on speed dial! ..... your taking it to far!
LOL LOL
Lets keep the post civil.
Hey Wolfie - Us LTH's are going down with the ship (like the titanic) and are just grasping for any kind of miracles or hope of a settlement or payout. If there is any way under UK law ... feel free to drop a note. If not, nice chatting with you and the rest of CINE shareholders through the good and bad times !
I am still hoping for a settlement of some sort, in order to make shareholders walk away. Lets see how the UK courts let this play out. Morally this is wrong on so many levels.
Does anyone have ideas on how Mooky and crooks can be challenged in the UK court system?
On what grounds? Still hoping for a last minute settlement agreement.
Either way due to my losses, I will be starting my second job soon. Hard lesson learned.
Can you high level, what issues will be raised to challenge CINE?
Just like how Mooky and the crew ran the company into the ground. One would ask... where did they get the 32 million from to pay them... thought the copany was broke???? Same concept. Pay shareholders to go away without objections.
In the end the creditors will re-coup their losses and then some. Otherwise they would not be doing this.
Ok other LTH's. we are in to deep to sell our shares. What legal objections can we bring up in the UK court system, in an effort to get some kind of "one time" (pennies on the pound payment to current shareholders)?
Lets get the creative legal ideas flowing.
Hey Wolfie... totally disagree. The total stock market is not a gamble.
The S&P 500 ETF has a strong historical track record, with amazing diversification
spread amongst several of the best companies. since it's inception it has only
gone in one direction over time... that is up in price and value.
This is a boring and slow way to get rich. But as I have learned, its better than putting money into distressed companies, wishing for a bail out of some sort.
Who is leading the charge with the UK law suite, to challenge this in the UK courts? How can I get involved as a LTH, who got burned?