RE: Chapter 11 is not bankruptcy as we in uk know it22 Aug 2022 17:38
The market hates two things - Debt and Uncertainty, and CINE is delivering both by the bucket load!
However, 'Restructuring' the business will give the share price a boost.
CINE can cut staff levels, shut down loss making cinemas, sell off assets to generate revenue, streamline their whole business model etc.
Not good news, but in the business world this will be received extremely well and I think the share price will be between 5p-7p.
Was tempted to take a punt @ 3p today but the $4 billion debt scares the hell out of me!
I feel for the company staff who don't know if they will have a job tomorrow!
GLA !