Member Info for Tegop

They are about to receive between 0.5% to 1.2% of their claim. Maybe they should. They can vote but the weight of their vote will not be enough.

But that ship has sailed.

Oh thanks @Wolf.

So they do not want it because it has no holdings. Sounds familiar.

@Wolf page 77 of the RSA. CINEWORLD Funding.
g

Debtor Cineworld Funding (Jersey) Limited, a limited company incorporated
under the Laws of Jersey.

You can see it in the list of debtors too.

Cineworld funding is a Debtor. That is why i am confused as to why they do not want its equity/assets post emergence.

I do not think there is a distinction. Capitalised words have their meaning specified in the Glossary.

Let's agree to disagree that Cineworld Parent will be an asset-less shell.

Add to that Cineworld Funding(Jersey) that they added will not be included in the Reorganized Debtors. That's 10 screens. Page 142 of docket 1512.

They did warn us on 3 Jan, 24 Feb, and 3 April. The row sale is on varying stages of the sales process then. The only difference is that as of 10 Apr, the bids are binding.

I am waiting for leaks with regards to the binding offers. They stopped warning us that shareholders will get nothing from selling ROW.

Article only said 'debatable' and does not have any cine specific info.

This will be volatile yet. Did they say when they will disclose the binding offers?

Are you sure it wasn't Ian?

** Grabs popcorn..

My local Cineworld has a 3£ imax ticket for 2022 hit movies. I am inclined to rewatch Everything everywhere all at once on Imax.

They already have enough votes to ram the RSA through.

All they need is the due date and judge approval.

I'm sorry.

I am not here to convince anyone. In fact I do not want anyone following after me.

Again, this is an agreement of cine and the adhoc lenders. I was of the mind mooky will not come up empty handed instead of being kicked fromceo, wiped out. Then asking for scraps.

Busby assignco llc still exists and still is a debtor. It owns the ROW facility of 271M.

Selling ROW has been in the cards from the beginning as much as selling the Wholeco.

Exit first lien facility is the one in the RSA.

Page 97. ROw facility. It extends into docket 52, busby Assignco LLC, which is a debtor. ROW is a non-debtor affiliate.

Neiman marcus and their C11 in 2018 is a good reference.

The proceeds will repay the ROW Loan facility of the DIP. That should be on the ROW Facility part of the RSA.

It looks like BNY can either keep their convertible bonds and be treated like us, or become a GUC And be Tier 4/5 in the restructuring.

Why would they? I do not know. Perhaps so they can writeoff 4.5B tax deductible then regain the money in an IPO in 3 years time with some profits.

Another thing. Docket 1510 page 69. New cineworld will not include interest in cineworld parent(our shares) and Cineworld Funding(Jersey).

Again. I cannot read their minds. But perhaps there are some things happening behind the closed doors.

Page 107. The debtors(i.e. the BOD) can assign unrestricted subsidiary as long as it is less than 20% of the EBITDA of the Guarantor.