The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Standing ovation ..... Standing ovation ..... outstanding, lets hope the judge see's things in the same light. Wolf ... do you concur? :-)
I second this message. Thanks Patience.
Hey Wolf, looking forward to your constructive input ;-)
Awesome!
At least we wont go down without having our say, and we will go out swinging!
Please everyone, spread the word! to friends, media outlets to anyone that will listen and / or can contribute to our cause. (Including you Wolf) ;-)
Role of shareholders in a CVA:
Should creditor approval be given for the CVA, the proposal will then be put in front of shareholders who will be asked to vote on it. A CVA requires the approval of more than 50% of shareholders in order to be passed.
In a company with two shareholders both must therefore agree to the CVA. For companies with a larger number of shareholders, however, this rule means that a CVA can be passed without the support of all shareholders, so long as the majority are in agreement that doing so is in the best interests of the company and its creditors.
If fewer than 50% of shareholders give their support to the proposed CVA then it will be rejected and neither party will be held to its terms. Shareholders will then have to find another way of dealing with the outstanding debts of the company. This may involve an alternative insolvency procedure such as placing the company into administration, or else coming to a more informal arrangement with creditors.
On the other hand, shareholders may vote to reject the CVA if they do not believe the company has a viable future, or if they are not interested in saving the business. In this instance, the company may then choose to enter a formal liquidation procedure such as a Creditors’ Voluntary Liquidation (CVL) which would bring about the end of the company.
https://www.realbusinessrescue.co.uk/company-voluntary-arrangement-cva
Hey Mr. Wolf, as there is growing support to change the direction of the current situation, instead of being one of Mooky's paid cheerleaders (or so it seeems)..., how about you join the resistance to stop Mooky, and the BOD from screwing shareholders.
Your deep analysis could be useful in this effort to change history. Waiving the white flag, but hope your posts from now on, can encourage and support, and provide any guidance to the resistance!!!! LTH will not go down without a fight.
Looking forward to any future thoughts you can add to the resistance!
What leads you to this conclusion. they said no recovery for equity holders ?
Why is the stock price still falling? We had amazing price increasing until the ex. dividend date.
Naturally shares fall to the dividend amount, but this fell even further. Off as we have the
750 million share buy back. Thought the share would above 300p ????
To be more specific... click your mouse on the icon at the top of this page labeled as "Cine Share trades" it provides buy / sell volume information.
Please add me also. I have sent you an email to your yahoo account. Divine intervention
needs to occur in order to turn this around.
Wolf.... eat your heart out!!!! The fat lady has not sang yet, and the show is not over...
At least the worst case is .. we go down fighting !!!
Mooky will not get away with this! I am in so deep, it doesnt make sense to sale!
"What do you mean by this? If CINE goes private, then the old shareholders lose their equity.
Questions:
1. The CH11 case is only legally binding in the USA not UK ?"
The Ch11 Plan is effectively legally binding in the UK as well as the US, partly because the creditors and Cineworld have agreed to be bound by it and also because of the Cross-Border Insolvency Regulations 2006/1030, under which the UK recognises certain insolvency processes that are commenced elsewhere in the world
eg read: Https://www.nortonrosefulbright.com/en/knowledge/publications/1d8e1fb5/the-model-law-in-great-britain-cross-border-insolvency-regulations-2006
"2. The US stock has been delisted and put on the over the counter market ?"
Perhaps this was done to cut costs? But it will not affect the ultimate outcome.
"3. The UK shares need 75% shareholder approval to de-list... does this mean
after CH11 the UK shares will trade a little longer?"
No. Cineworld do not intend to follow the de-listing procedure. It is expected that, once the Ch11 process completes, then the UK PLC will most likely end up in administration. At that point in time it would no longer be in compliance with stock exchange rules and its listing would automatically be suspended.
I wonder what the UK stock price will do after officially out of bankruptcy June 28th.
As CINE will need 75% of votes to de-list in the UK. Technically we still should be trading.
It looks like people are going off of the assumption that the USA CH11 court ruling is legally binding in the UK. CH11 will immediately impact the shares traded in the USA.
But the UK shares are traded on the LSE and will need to follow a different procedure. So far, I have not seen any legal actions in the UK taken as of yet.
I am willing to bet the day after the USA court approves the CH11 plan, the cine.l shares on the LSE will still trade, not sure for how long.... maybe a chance for a bounce / increase in price?
When they move to take legal action in the UK, I am hoping they face difficulty, and challenges from the UK court, and shareholders.
Incorrect... he is the runt of the pack.....lol
Wolf: you just lost credibility. stop spewing doom and gloom.
there is still a chance here.
Do you think the current UK shares will still trade, shortly after CINE exists US CH 11?
Have not seen any legal actions to be taken in the UK as of yet? Hoping for some kind of bounce, in the pricing after CH11 and before they implement any uk legal actions.
Maybe I wo
Keep an open mind. Some of us are in to deep, that selling would not make sense at this point.
Riding this out until the end. Surprised we dont have any institutional shareholders making any noise????
Interesting thought. What if CINE was undervalued in order to push through this deal to screw shareholders. Hmmmmmm......
If no one challenged this, this could be one of the greatest crimes of this decade.... Either way this company will be in the black sooner or later, and trying to screw the shareholders is just wrong ...
The old BOD and CEO are gone because of a series of bad decisions. One of them is how they handled the Indian settlement money. (what to do with all of that cash)
CNE return up to US$500m via a Tender Offer. This was horrible, as shareholders did not get any tangible benefit from this. My shares stayed the same and i had no tangible observation of value being returned me.
They should have done a series of quarterly dividend payments. The issue here was how the company would re-distribute the money back to share holders.
The Indian settlement was valued at 1.2 billion. If I am not mistaken the rest of the settlement appears to be included in the most recent dividend payment. This time around
I actually got tangible value. And likely to happen again in Q4.