Member Info for Rock8

Thanks

The news report was published at 1519 to all via Bloomberg.
No reaction.
Don’t expect any reaction Monday without details emerging.
Even when they do emerge it be negative or positive.
Please don’t lie to yourself as others on this BB.

hxxps://www.youtube.com/watch?v=zqNGih13GHQ

Sorry just found it.
Thanks again

Thanks
I searched the digital edition of Times today but found nothing.
Is it in the printed paper?

Yes that is rather apparent.
It is by far and away the most blinkered BB I have found.
No one not long and underwater welcome.
No wonder they are underwater.

You are entitled to your opinion but you are wrong.
Not bashing anyone or thing.
Just undecided on going long or short - similar to the whole market at the moment with regard to Cineworld.
However I do appreciate that anyone already long and underwater is going to have a rather biased opinion - this BB is rather full of long investors/rampers.

Thank you for the advice.
I have been buying and selling shares for many years and gather information from many sources most ‘paid for’ but I always like to see what the PIs are discussing on BBs especially on these speculative shares..

....would in my opinion be silly not to!

The major benefit of a CVA to Cineworld is in dealing with Landlords.
If closed for 3-5 months that is where most of the money could be saved.
That’s why if they do manage to raise some funds that’s where some of it will be spent.
Makes sense
But just in my opinion

Having said that I believe the CVA is inevitable given that cinemas will be closed until of first quarter 21? - CVA only impacts UK
Some of the funds raised will finance the CVA.

I wouldn’t expect much of a reaction on Monday without further news.
There are so many incomplete stories circulating and this one had no impact on Friday ‘s trade.
Without the full picture most will do nothing - it go be good news for longs or shorts at the moment!

They just took the information from the Bloomberg report from 1519 Friday.

The company was in a financially stronger position in June than today
The chance of a successful RI increased dramatically after the vaccine announcement last week.
An RI would actually be better long term for shareholders than just increasing the company’s debts.
What’s the issue here?

The unsecured creditors and unsecured bond holders have the power as they control the required waivers!

To ensure survival of the company.
It gives the company cash without downgrading the existing unsecured bond holders and unsecured creditor positions in the list of creditors entitlements.
Secured creditors are in a much better position than unsecured creditors if it fails.
The unsecured creditors currently hold all the cards and will want to preserve their positions should Cineworld fail.
They need Cineworld to have surplus cash effectively.
All clear

Or do they just wash through the earlier buys at the lower price?

Read your post on 13th.
Very good post but can you explain how they manage to wash earlier trades at a different price into the closing auction? Surely the sellers would not be happy at the lower auction price? Or am I missing something?
Thanks

What are you doing on a BB if you don’t want to listen to other opinions?
You make your own decisions about your investments but the more varying opinions you hear the better your decisions will be.
Otherwise stay away and just talk to yourself!
Very odd chap (or chapess) you are.

I intended to take a position last week but the news flow was all over the place and still is.
It could be a great long or short but we need a clearer picture.
I just think every leaked report is just a fraction of the full picture that we don’t have yet.
Let’s see what Monday brings.