Member Info for Tegop

We already know they had all that considered in the lawyers bills. If it was an option/possibility, it will be in the RSA and RNS.

Exactly. Cine has exclusive right show a plan and exit C11. AND nothing in the RSA says cine is up for suspension.

They are saying CINE is going to be suspended any day now. The language has been the same since August last year.

Court has confirmed CINE will trade up to August. Feel free to short.

I wonder how poorinvester has been doing.

Good luck patience. Please do not put yourself in a precarious position over this. 95% AMC Apes are down 90+% of their money trying to keep their meme dreams alive. Same with GME.

Remember you are not married to a position. Short or long. And your investment horizon is long enough to recover, so long as you learn along the way.

Good luck with this and any other endevour.

Rent free

I agree. The point of the C11 is that business proceeds uninterrupted. Including the relationship with suppliers, employees, landlords etc.

What I meant with huge writeoff is BNY mellon, 243M
And plex 980m. They will share the 20M between them.

The forum is getting sp**** without fun, bonkers, mountainous, hns, etc.

See you in 5 days. Unless we get some solid news again.

So that was what the withdrawal of claims is for. It looks like not all Unsecured lenders are treated the same.

He has not secured himself 7.5%. new corporate Board will receive that based on performance.

Revlon investors also resorted to this and went nowhere. Investors must understand the risk reward ratio when buying shares.

Everything has been in my post history. It is all based on the legal jargons and wordings in all the dockets. I do not intend to try to convince anyone or give anybody investment advice.

My DD will culminate on the AGM if we receive a tender offer to all our shares between 1p and 5p. Until then, I will keep on holding.

Getting at least 1.2B reduced to 20M is a huge writeoff for the GUC. I wonder why they are not outraged at all. They signed a claim and when the RSA executes, their third party release will be involuntary, with no recourse.

I just wonder how Reorganized Cineworld will deal with their suppliers (film studios etc) about not paying what they are due.

I know it. That is why I am quoting it. This has been an expensive lesson, but I am learning. I have built a comprehensive DD on my position and plan to hold to conclusion. I actually increased my holding yesterday.

I learned from crypto and gamestop but I got off those pits with a profit. This was messier. Even so, it is not over until the fat lady sings!

Thanks for the heads up though.

The SP reflects all available information. It is pricing a wipeout and have been 99% lower than what it was a few years back.

Cineworld said they could not get a third party lender due to the overhanging court case. If plex renegotiates and cine has a lender on the ready, they can throw the RSA and refinance the entire debt to a new lender. This is as big a longshot as a surprise buyer.

Personally, i think the renegotiating with plex ship has sailed.

That is far too simplistic. There are 8 tiers of interests in cine with differing seniority to be addressed. The big issue is, by the time we reach class/tier 8, it's all dried up. Thus, no recovery.

The lenders have to writeoff 4.2B debt under the RSA. The prospective buyer will have to offer 4.2B higher than what the lenders, who knows estimated revenues, are willing to give. It is very unlikely.

Especially since the marketing process for us uk and jersey is deemed over. A new sponsored lender is still possible if the plex case gets settled though.

We could see articles about the extension today.

Just one question for me. Is ROW/ Crown NL an unrestricted affiliate and a non debtor outside of ROW Facility of 271m.