Member Info for RS2002

Mooky has released a subtle message and reassurance to investors that his children's 275 million shares currently worth £8.2m which were worth £500m+ pre-pandemic are remaining put.

This has certainly set the cat amongst the pigeons.

I’ve got the popcorn out as the derampers who were so certain this was curtains now beginning to squirm.

AJ is correct, those who opened new shorts including Hudson River Trading Europe Ltd and their mathematicians and engineers may have called this wrong.

Schmoky I just visualised that with the infamous Crystal Maze routine. Who could not have loved the charisma of Richard O'Brien?

Thanks for the chuckle.

You are needlessly getting flustered.

1. Most investors have been here longer than new additions who turned up circa 1/2 weeks ago
2. All BBs will have a split of investor, shorter and day-trader so it is natural to expect threads from one of those to want to manipulate when the fundamentals and share price decline significantly
3. Most investors who have seen 90%+ of their value of investment on paper wiped out I imagine will have accepted the loss at this stage. Yes, they can salvage a few percentage of that and re-invest, but I imagine most will go down with the ship now as they want to await the official option that has been elected.

My personal circumstances are that I used profit from other investments and accepted the risk prior to coming back into Cineworld.

It has been a pleasure conversing with many of you genuine posters with differing views and I wish you the best of luck with the remainder of your investments.

Godders, thank you for deramping so much. When I see derampers plague a board I always know there is an agenda at play. It was your deramping that convinced me to buy at 5p. I sliced some yesterday at 16.94p and put it into Cineworld for a free run.

As soon as I saw Micky, Godders and his poodle Krugan de-ramping I knew this was a winner.
The same type of FUD pushers are over on CINE - yes it is facing a bleak outlook but at the current SP of 2p it is worth a punt so I loaded some of my RKH profits there.

*Revex

It was not paid in a lump sum, rather over the course of 2 years which could equate to $4.1m/month?

Legal and professional fees are Capex and would constitute BAU.

I stand corrected, I just checked Cineworld and their prices are also £6.99 for cinemas outside of the M25. So the price does vary and is close to Vue (cheaper when you have retail parks with free parking).

There are always anecdotal comments about "Cineworld is too expensive" "Vue is cheaper".

Cineworld operate 75% of their cinemas in the US via Regal - they price it according to state/socio-economic region and I believe their prices compete well with AMC and Cinemark the main rivals.

In the U.K. where Cineworld operate <15% of their cinemas, Vue tickets are £5.99 vs Cineworld's £9.99 but for the £4 saving, you are likely paying for parking needing to travel further afield.

Right now, Cineworld is at the mercy of lenders and whether they want to write off billions or give a further life-line.

Seems to be a trickle down effect. An existential crisis for theatrical and the movie industry (as Ian also put it).

Reducing their position from 7.82% to 4.66%

Their holding has reduced from ~107m shares to 63m shares (based on 1371m total shares in issue) now.

They did this on 17/08 when the SP dropped to 8p.

Question is, what are they now doing with the remaining 63m shares?

Sell them or hold them?

We will know in the next few days if another TR-1 lands.

Mkx007 is right to call out lazy deramps.

Of course. Just offering impartial advice and encouraging others to sell. Got it.

By the way, Insider, I posted that because I am worried about shorters. I don’t want to see them lose money. I come onto this BB to help protect the interests of their spreadbets.

Does that come across disingenuous?

Imagine it was spreadbetters saying the same for investors?

You get my picture.

I hope you have a stop loss set. Ouch.

This is correct. The media have picked up on one option.

I recall the same option considered November 2020.

They worked with Alix Partners then as well.

Source: https://www.cityam.com/cineworld-reportedly-mulling-cva-to-get-through-to-the-spring/

Insideinfo, read my post again. This differs to your “stick a fork in it”. Quite the contrary to what the RNS says. The option of chapter 11 and deleveraging still exists and is being considered with lenders and their legal reps. How does this tell you to stick a fork in it?

It is so easy for a deramper to twist rumour and options as facts and call others rampers when they aren’t saying “we are saved!” “25p open”. It smacks of desperation and I suspect many shorters will be taken out with stop losses first thing and FOMO is strong with retail who dumped friday clambering to get back in.

I stand my by earlier posts, for the new investor this is a big risk (and reward) and each investor must go in with their own appetite to that.

This explains why the Twitter was making clear we are still open and in fact there was a rather passive aggressive tone to Cineworld’s response to IGN.

https://twitter.com/IGN/status/1560688341850488835

Cineworld’s response: “Contrary to the year and a half old photo used, we are still open and welcoming guests to our theatre”

As posted. Options are still being considered.

The inane threads after thread this weekend saying the filing was done have been proven incorrect.

This could still go either way.

Cineworld have just posted to say the reports are media speculation. Nothing has been filed and the choice to file so still an option.

Got it. Let’s see what news comes out on Monday.