RE: Cineworld Stock is Still a Hold For Now.8 Jul 2023 16:11
Wolf, I’ve already answered a few times now.
I will repost again my last post to you.
“For crying out loud. This is where me and you wolf, we start having problems. You never seem to understand. You go straight off the topic. Who has said the deal will get thrown out??
What is merely being said here by me and some others is-
The RNS has told us that CINE/NEWCO will emerge out of chapter11 in July. And it might still happen. However, the time is running out, administration needs to be filed at the latest next week Friday.
For Newco to emerge successfully out of chapter11, the administration in Uk should be successful. Otherwise CINE will have to go into Chapter7.
Your assuming, Uk administration will go how they have planned. We will only know this once the process starts. There is no other way of knowing this. So come Friday next week and Administration hasn't started, all the clever money will start to assume that their will need to be a shareholders resolution for something (I don't know what but something) so the sp will start to rise and i'll post happy days :-).
And
If administration hasn't begun by end of July, then most will start to thinking a fook up has been made. Governments make fook ups what's a company.
Come Monday, administration could of started so all this is irrelevant.
This is just my opinion, I could be completely wrong. I'm typing from my phone so have to keep the posts simple but you can use your imagination.”