Member Info for Pedrobull

SVB and others like them are the problem taking deposits and investing them in long dated bonds.
When the tide goes out (interest rates rising) you see who's swimming naked.

Tintra is possibly the longer term solution here...

"Our patented technology is the leading dependable banking infrastructure."

120p today, wish I had the cash spare to add more

SVB shareholders will lose out but customers bail out will happen IMHO

"On Saturday, more than 200 start-up founders and leaders signed an open letter to Hunt, warning that “the majority of us as tech founders are running numbers to see if we are potentially technically insolvent”.

The signatories said they employed more than 10,000 people and had raised venture funding totalling £3.5bn.

“The majority of the most exciting and dynamic tech businesses bank with SVB and have no or limited diversity in where their deposits are held,” the letter said."

I'd never heard of SVB but it WAS the 16th largest US bank...

https://www.ft.com/content/c95e7708-b903-405d-a017-963844eb3dc3

is the stability of South Africa energy supply an issue?

https://www.bbc.co.uk/news/world-africa-64865978

5% off today and that's been a steady decline not downward spike as AFAIK when news broke lunchtime

under £11m now at 11.5p

Impressive volume on a no news day 1,849,708 shares when the average over 3 months volume is 907,679 (source investing.com).

A meaty purchase late on today @ 59.4p for 223,083 shares costing £132.58k

GLA

3rd March RNS - Based on current trading, Duke expects to achieve recurring cash revenue* of £5.7 million in Q4 FY23. This represents a 21% year on year increase (Q4 FY22: £4.7 million) and an increase on the prior quarter, Q3 FY23, which saw the Company deliver record recurring cash revenue of £5.6 million.

This is fantastic news

I bought in here 2 years ago @35p in March 2021 on the TP Lithium potential!

Can't quite believe it.

GLA

So is he working for nothing until his options are exercisable?
Serious question, or is he drawing a salary?

Non execs usually get a retainer for the four or so meetings they attend a year.

"The Non-Executive Directors provide an independent view on the running of a business, governance and boardroom best practice. They oversee and constructively challenge management in its implementation of strategy within the Group's system of governance and the risk appetite set by the Board."

Having been audited recently I wouldn't wish it on anyone. I'm happy with that RNS and mid March is fine thank you.

in answer to the OP "Why is anyone still holding this?"

1. Anyone holding over 1 year has lost 93% so not really worth selling now.
2. More recent buyers at 20p are rabbits in the headlights
3. Having lost so much it looks cheap some are buying, trading and averaging down hoping to make a buck, IMHO they will lose 100%.

Times were changing anyway with Netflix and other streaming business.
The pandemic really will have hurt with OTT unnecessary lockdowns.
Then on top of that a huge debt with rising interest rates and its done for.

healthy 600K purchase @2.3p for £13.8K this morning, someone is confident

US is the largest and UK 2nd largest by far, RoW is very small bu comparison

https://celluloidjunkie.com/2023/02/22/cineworld-proposes-schedule-for-exiting-bankruptcy-through-reorganization-or-sale/

Globally Cine has 8613 screens and 6250 of them are in USA

Unless someone buys the whole thing incl $6Bn debt then debt gets converted to equity and existing equity is WIPED OUT.

People are holding this as a high risk gamble.

trying to make money out a war situation, why not but please don't whinge when you lose it all like it was someone else's fault

Putin and his power base have been at war with the west for a long time influencing Facebook (Cambridge Analytica) in Brexit and US Elections basically threatening/weakening democracy in order that they can do exactly what they are doing now. Cruise missiles into the Kremlin may be required.

Thanks Tegop,

That slide and the text tells us everything.

"Cineworld’s legal team appears to be leaning into a standalone reorganization rather than a sale, especially given that a suitor coming along to make secured creditors whole to the tune of USD $6 billion seems like a long shot. In that scenario it seems likely any unsecured creditor would be paid pennies on the dollar for their claims. This includes the USD $965 million judgement against Regal a Canadian court awarded Cineplex over a failed 2019 acquisition agreement. In addition, existing SHAREHOLDERS of Cineworld stock would be WIPED OUT out when new shares are issued in the restructured company.

if.

what does a positive court case deliver?

your failing to understand debt vs going concern.

If someone buys the whole shooting match then shares stay listed and will have some value (could be 5p could be 0.5p or anything).

If no-one buys the whole thing then the creditors take it in bits and the shares become worthless 100%. Some cinemas will stay open and life will go as normal for employees and popcorn eaters.

Simples