The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Nice find!
Bonkers, no need to respond to the troll. He is a poundshop edgelord. He will be posting here all weekend because he has nothing else to do. Have a good weekend, all and switch off from the board if possible. Let us see what the AGM reveals and if any options present.
Wolf, given your eagerness to learn from the CH11 episode, Cineworld is going through and the interest almost voyeurism you possess on the behaviour of others who you deem as inexperienced investors, will you be attending the AGM? Perhaps a nominal share purchase to grant you admission?
So who here is planning on attending?
Credit to you, Momajid.
It will also be easy to filter out the numpties given how much they crave attention on these BBs with their anecdotal stories that they perceive make them worthy edgelords.
The faux outrage is pointless, Ted. If you're invested, save it for the AGM.
If there is an option for a capital raise with a rights issue or any other means that could see shareholders obtain shares in the new corp, many will be interested in listening/discussing this.
It would be good to know if shareholders will be awarded any equity in the new corp with ROW.
Who is looking to attend?
I am in Manchester but I will try to come down.
CaChing says he bought £10k worth of Amigo on Monday so some deserved karama for him.
I had £1k as a punt at 1.9p and it is now worth £197 so I won't be touching it but I suspect with Amigo it will remain trading for circa 12 months and in that time traders will make money bouncing it.
Cine is in Chapter 11 not Chapter 7 so we will have to see what is left following the Plan and restructure for shareholders where the old PLC will remain as will the shares.
This will drag out 12 months and in that time it will be trading nirvana.
What a shame. I was holding £1k as a punt at 1.9p.
Now worth £197 so will use it as a tax write off if need be.
Shame this was not supported but I won’t sell out for a drink at this price.
The legal argument is investors were mislead by earlier statements that the company had a good relationship with creditors, that it would have their backing. Messages of assurance delivered at AGMs and then for the company to voluntarily choose CH11 when finances were down to the last $4m, when a lucrative reward scheme was voted and confidence given to investors that when the share price recovers to 190p per share, the level they were at pre-pandemic, Greidinger would receive $45M, and the price would need to reach 380p to unlock the full amount of $284m of bonuses. For failing to be diligent in the Arrangements Agreement with Cineplex for a termination fee their side.
Better and legal minds will be doing the investigation and representation (granted at cost or commission).
It is nice to speculate and also give some hope to existing investors that something be it via the Plan or through litigation may be retrievable for them.
That is my angle.
Elvis, it is less about former directors concerning themselves about litigation and more about the reputational damage. The media loves a David and Goliath story and bad press sticks. Look at Boohoo and their modern slavery. The damage is done with that has-been fast fashion brand.
Class action, group litigation, collective action, call it what you want. Legal council will be sought and likely pursued irrespective if you’re a Grisham fan or not.
I don’t believe, Imulhare stated Mooky should do so. Whichever entity does oversee newcorp will not only face a class action suit from the dissenting shareholder group but, reputational damage which would see boycott from certain suppliers and former patrons.
There is no earnings tomorrow. The MSN site is just using a generic estimate.
As, lmulhare has posted - check the financial calendar. Nothing is listed.
You need only read up MyOhs earlier predictions about how Hollywood were going to thrive with streaming and the success of WW84, Coming 2 America going direct to consumer streaming was going to put an end to theatrical as we know it, to know what credibility this poster has.
Still it makes a change from the usual “stop ramping because you’re hurting my feelings” posts.
It is an Oct 22 article here and I would not pay much attention to this poster. He is usually the ring leader of a circle jerk gang over on Boo and comes here for attention and to talk down an already beaten stock.
https://twitter.com/FT/status/1583765601847504897?s=20
Great post, WB.
This forum is being used as free counselling for some and worse are the fanboys who like to praise those who "keep it real". Sycophantic stuff and little wonder most sensible posters left this BB.
Good luck all and let us see what the new stream reveals.
Many thanks, all that is very encouraging.
I see 4th August being referenced as the new extension date.
This should give Cineworld enough time to track the box office/ancillary revenue recovery and of course allow more bidders to express interest.
Hi Tegop, where does it mention shareholders? I am viewing on a smart phone and cannot search.