RE: Cineworld Stock Fully Paid at 1p Each on London Stock Exchange Yesterday.3 Aug 2023 06:46
Sorry, typo, we WERE shareholders...I've said before, I didn't have thousands invested in CINE but it still hurts but I've learned a few lessons. I 'invested' because I looked at the historical SP as we left lockdown and my erroneous logic was that the SP would go back up as people went back to their normal lives..that might have been true to an extent but I hadn't looked how much debt they were in or how they were going to pay it back....I bet anecdotaly, i could've worked out how much cine would've had to charge per seat to make a profit and pay down the debt..was it £10, £50, £100 or £1000 ? I don't know because I didn't bother my ar#e to do the maths.