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Isnt Knives Out 2 supposed to be releases 21 Nov?

There are probably nore shorts that does not hit the threshold for declaringm
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10% of the debt free company after dilution? You can't be that optimistic. You'll summon the wolf.

Was that the reason for 150% price increase? Shortcine?

The sale NEEDS to he higher than what CW bought Regal for or otherwise it wont be considered.

The leftover debt also needs to be manageable for the rest of cine to repay if it happens.

As for buying all of cine. We discussed that already.

Yet he refuses to say he spins it. He's lot better than fox news or MSNBC.

Mooky will have their own shares as their best interest. I just happen to be holding the same kind of shares.

It would be interesting if the judge would allow mooky to run every shareholder over to keep a chunk of the company. The judge already 'told' them to consider buy offers.

Mooky and Israel being massive shareholders is the the main confidence boost in this process. They will not let their legacy shares be wiped out. In fact, them confirming they still owned the shares gave the SP a boost.

Add to that the banks who they loaned the shares against as collateral. To any other times, the banks would have asked them to liquidate and repay with whatever is left. They must still hope to recoup their loan to Mooky's trust.

I would wonder about that because the way mooky ran the company was one of the complains by the lenders.

That has been the case since Nov 2020, Wolf. Cine Just seems to get lent a hand over and over hoping for recovery.

Nobody argues CINE was profitable pre pandemic and will once again be profitable once the industry recovers.

Vue kept their CEO and ceo kept his shares.

@wolf you are making my point here. Why take a 3B haircut when the company can survive and keep paying?

I doubt those sharks can run a cinema. But then again. Neither can Mooky.

A 20 to 1 (95%) dilution on your minimum case 2B debt free valuation is 100M for the current shareholders. More than the current market cap.
Hexam was being generous.

Wolf already said the creditors will take 100% of the company (no less)and the newco will still be in massive debt to them. Something like having a cake and eating it.

In this scenario, the cake is CINE.

@wolf refer to Hexam's posibilities list. You completely rule out existing shareholders having even a sliver of what will come out of the C11 proceedings. If that is the case, feel free to short it to zero.

@Hexam You forgot CINE selling Regal and the Plex court case throwing a wrench on the possibilities.

Sp was pricing in 'bankruptcy'. Aka full on liquidation and wipeout. That is why SP reached a 1.8p low and funds that bought in the 30-50s sold and wrote it off.

There are more possibilities on the table, and SP reflects that at the moment.

Would you rather own a part of a movie company that does not give dividend, or be a secured creditor that receives interest?

Aside from the worst case where all existing shares are forfeited, a slimmer, low debt CINE is still better for existing shareholders. D4E or not.

Your question is too long. He can only read the first sentence of posts.

What Is Chapter 11?
Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor’s business affairs, debts, and assets, and for that reason is known as "reorganization" bankruptcy.
More from google-fu:
The biggest advantage is that the entity, usually a business, can continue operations while going through the reorganization process. This allows them to generate cash flow that can aid in the repayment process. The court also issues an order that keeps creditors at bay. Most creditors are receptive to Chapter 11 as they stand to recoup more, if not all, of their money over the course of the repayment plan

The tone changes when you are not making one line spins. D4E is not guaranteed. It is not even preferable to just continuing on and keep paying off the debt. That is why it is called a haircut. Other options like selling assets still in the table.

A form of bankruptcy. Bankruptcy protection. Oh my wolf is all in on spinning this.