Member Info for Tegop

Capital structure includes shareholders.

They were 32M ahead of their forecast on dec 22. That means they had 32M more money than they presented at the DIP.

On January, they presented a loss of 24M when they usually lose 100m+ per month. I assume they had a few more extra that they are now asking to move the date forward from june to august.

Capital structure means shareholders, debt, and bond (holders) or a balance of which.

That is the first time shareholders are remotely mentioned other than being diluted.

Looks like CINE is asking for extending exclusive period wherein only CINE can file a Plan.

They are seriously trying to kick the can down the road.

If you read the August-Sept RNS's the Plan (RSA)has been made and agreed from day one. That is the language has not changed much since, aside from the judge telling CINE to try to find a buyer.

As with hertz, a very optimistic buyer, or buyers can change things. But as you can see with the SP, not a lot has high expectation.

Add to that the fact that the buy offers are under NDA.

Your DD assumes Mooky have absolute control of the senior lenders, unsecured creditors, and the current shareholders.

He gave up control when we entered C11. Adhoc lenders have the helm.

Spending per person is actually up, and revenue on a per movie basis is higher as well. Moviegoers already proved they will come if a good movie is out. Even the recent bland marvel movies made money.

The sealing/NDA is for the offers and buyers not being revealed to the public.

We do not know if CINE was cleansed to anyone else other than the adhoc lenders prior to D4E(as mentioned in the presentation).

If they cleansed to the serious buyers(for their DD), we have no idea as of yet.

Cineplex claim will be paid on equal terms with other unsecured lenders . Pennies on the pound. They cannot continue the court appeal if cine ceases to exist.

Looks like the studios are back to churning out movies. It was evident in how crowded march is compared to prior months.

Insiders cannot sell. Also those shares are from his grandfather.

Prior to the regal takeover where they printed 1.1 B shares, this was Majority Gredinger company.

On that note, any idea how they only lost 24M in US uk and Jersey on January when they had been red all year last year to the tune of 500m?

Are they pulling levers to make the company look pretty now that there are buyers on the lookout?

Amazingly, Regal itself is showing positive NAV.

He'll just use a new account. Watch out for a new nostradamus tomorrow.

It looks like the cleansing is done and some NDA are signed as final.

Hopefully some update soon.

Lenders wont let them. They will rather own the newco and sell it for profit in 2-3 years.

You are so far removed from what is happening, you do not even know what debt for equity is.

I am sad that you did not get the joke. You must lead a very sad life. I was corrected by a certified movie buff and I was happy to be corrected.

I was not corrected on my point.

Buddy here forgot the C11 bankruptcy protection happening. He does not know CINE has enough cash til july 2023 thank to the DIP.

I wish I have the time to make long essays on shares I do not have interest in.

Exchange of shares.. looks like it is a banned word.