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Thank you Salem for providing a precise answer.

This is obviously a leak and all those suitors must have NDAs in place. 16th feb is not too long to wait now.

A thing to note is that if VUE ends up buying, they will reach the Largest cinema company title- overtaking AMC.

They are already making an offer of 6B at the very least.

Paying 70M£ on top to go to the shareholder is just icing.

That is some solid and unambiguous rumour from 'City sources'.

This was probably a leak that will lead to nowhere like the CP and AMC rumour. But a hard deadline from CINE after that RNS would give it more legitimacy.

Hi to the LTH

Is there any deadline set for the offers to be made?

How many offers/interested parties were known.

I would assume vue and CINEPLEX would be interested.

Thanks.

Continuing without 'deleveraging transaction' will mean increasing leverage(loans). I would think being profitable again with more loans on higher interest rate environment will also be a tall order.

EMH does not work on single stocks which can stay irrationally high or low for certain periods. SEE ALSO: The meme stocks.

Bitcoin has no value aside from a money transfer, money laundering, or illicit activities. All of which can be done irrespective of the price.

And one can argue other technologies can do them faster, cheaper, or safer.

That being said they are running a company that requires BTC prices to double before you stop losing money. They spend enormous amounts of expensive energy. And they are using increasingly obsolete miners, which will never ROI (in crypto miner terms).

Not a good outlook.

I have known and commented all along that AMC CEO was poised to milk the apes for all they are worth and then leave them out to dry.

Mooky got us here through a series of misfortunes and bad decisions, but at least there is no obvious malice towards the shareholders. At least not yet.

I wonder how much slimmer CINE is now. If they were planning to sell Regal, or already had a buyer, they wouldn't go through all these lease negotiations and selling/closing of sites.

That would be the best case scenario, Ian. But there are no prospective buyers in the public as of yet. Aside from plex according to WSJ rumours.

PLEX cannot afford even regal, not to mention CINE. That would mean a leveraged buyout, making it even more unlikely.

Recovery is the keyword. CINE went to C11 and is spending millions on lawyer fees and renegotiating their leases and loans. They got DIP loan agreed and is scheduled to lay out plans for coming out of C11. Coming out on the other end is a possibility.

I survived not filtering squid. Wolf is a puppy in comparison.

It's fun how he spins and backpedals.

Utter rubbish. You did not even deny my statement. To you 'bankrupt is bankrupt'. And as you said, there zero chance to you that cine can turn this around and leave any value to shareholders. No other possibility is on the table. SP might as well be zero. Except it isn't.

I have been there Elvis. To wolf, there is no difference with c11 and c7.

You must admit it's funny when shorts panic and starts spouting old news and nonsense trying to make other people sell.

Ready the pitchforks!

On some other news, some shorts are panicking.

CNWGQ and CNNWQ

Abandon all hope. Forget all you know is true. Wolf knows the only truth.

Let us all short CINE and get paid.

Soooooo why even hold stocks when you can short CINE and get paid? And since Cine is going to zero, it's just more free money.

Oh it is even lower now. That was afew days ago.