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It fell as low as 1.8p from 20p as full liquidation was priced in. Now we need to rule out D4E dilution.

Worth noting that the drops coincide with major institutions closing their positions. And selling at a loss. If cine can prove its repayment/profitability plan, new institutions will buy back in. Creating upward pressure again.

At the moment, it is probably retail who bought the dip and is holding the shares Polaris and the likes let go of. Otherwise, new TR1s would need to be publicised.

Oh my trevor. Please move on. I do not see any reason to be attached to a share you already sold for a profit. It just exposes your character even more.

Yes, the last one was clarifying that mooky and his family still holds the 20% stake. I do not expect an RNS until earnings in march.

I have yet to see d4e in the dockets. I was thinkinv d4e will require consensus from all senior lenders and majority unsecured lenders because the debtor will essentialy change in that process.

So, CINE ostensibly received a 664M bailout loan and restructure of the debts that would be due until H1 2023. Cine could either prove its repayment plan, be sold in parts or as a whole, get a sponsored restructure, or collapse on the weight of its now debt burden.

I think the 20% was just a sweetener for until a sensible agreement was made for the entire DIP loan, which they already have. Although i wonder how much that added to the debt pile.

I am just glad dockets exists and we no longer get blindsided by the unreasonable lack of RNS.

Still waiting for the WSJ leak about plex buying regal.

Thanks Jeff.

I wonder if this is a natural progression of a C11 process, or something is up and they are fastracking the entire system.

Where did it say they are asking for an emergency hearing? First day motions and lenders meetings got delayed multiple times.

Regal, and CINE for that matter will be priced based on future cash flow. Debt notwithstanding. That is why unproductive sites are being closed and leases and contracts are being renegotiated.

Regal was last bought for 3.6B and has always made money outside of pandemic years. 2018 and 2019 are record years in revenue.

Film slate is only getting better and Cinema as a whole is pegged to return to pre pandemic levels in 2024. We'll have to wait what offers come in and who will want to ride Marvel Phase 4-5-6, the rest of avatar movies, Mission impossible, and DC universe stepping up.

Who are you and how did you hack squid?

CW selling Regal seems like the most likely path from the get-go. I wonder how Plex and the plex court case will influence this option.

Other options sound juicy too, if not more unlikely. The worst would be self organization where dilution is most likely.

I have been reading into Bitcoin since 2016. Anything with blockchain in it is a scam.

Lease obligations were canceled/renegotiated this time around.

None of CINE'S loans are due at the moment. That is what the 1B additional loan was for. The 785M plus 150M was to ensure there is enough money to run the company past July next year.

CINE took this C11 voluntarily to try to come out afloat on the other end. They may fail, but they may also succeed.

Other possibilities are selling regal, selling CINE as a whole, another investor takes stake on the company, or a partial D4E for the senior lenders who want to downgrade into shareholders. The last one will need every single lender to agree, including the judge.

You cannot discount evey other possibility. Otherwise the price should be zero.

@Hexam the lawyer did say they are now obliged to consider buy offers.

Hi squid. Good to see you back. They probably have something else in their hands that keeps them fro releasing an RNS. The court statements are public enough.

They could be negotiating with a buyer, or external investor, or ironing out the final restructuring plan. All options mentioned in the news

Could be something more important than the current news. A buyout or other out of court matters comes to mind. If anyone is buying CW out, they will take all the shares they can to secure shareholder votes or lower payouts.

Remember, they are now obliged to consider buyout offers.

This also means plex failed to buy Regal from Lenders. WSJ is wrong for once.

Let the offers come in!.

The 'newco' will not be beholden to old contracts and litigations such as these. 'Mookyworld' can sign new contracts to new advertisers if/when they want.

This is just proof that mooky is trying to use the c11 to improve the balance sheet at all cost.

Unilaterally ending leases and closing unprofitable sites is another part of this.