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https://www.hollywoodreporter.com/business/business-news/regal-owner-cineworld-bankruptcy-national-cinemedia-lawsuit-1235248616/

Unless you are a bear or uninvested, you would have lost money this year investing. Even bonds are down and real estate is on shaky grounds.

It's going to be a long recession still.

You already said the DIP lenders can give cineplex all of regal based on their own valuation and still own the rest of cineworld

I think they can't arbitrarily give regal 1£ valuation and hand it over to plex on a whim so cineworld still owes them 3.7B less 1£.

How much would you value Regal now wolf? 2018 and 2019 were record breaking years. Anything close to that cash flow will be more than 2017 valuations

They will have to value regal somewhere close to the purchase price in 2017. Plex will pay with loans and shares from the new merged company.

Still, they cannot gain more than what they have a secured loan amount of.

People who to to cinema events showing football and boxing matches do not expect a quiet crowd anyway.

That would also go in hand with Mooky's apparent plan to extricate the Israel/Cinema City from Cineworldas a separate entity.

That would leave Cineworld with just UK&I.

Netflix can monetize other ways. They can show ads, release their movies to theatres, or trim down their lineup by cancelling unproductive shows/movies.

Cinema has no choice but close sites, cut costs, and hope for better foot traffic.

From what is already known, some lenders frontloaded the DIP with money to pay themselves first. The judge already quashed that and just agreed on enough cash for cine to be afloat until H1 2023.

All the lenders were supposed to agree on something during the meeting yesterday.

Arent the lenders currently lumped by seniority/priority, then If they are secured or not?

Whichever entity inside cineworld owes what lender is not relevant as I understand it. I am sure someone else can confirm.

In other words, mooky wants to divest ROW/CINEMA CITY from Cineworld and buy it as a separate entity(debt free) from the lenders.

I wonder how much he will have to cop out and if the lenders and judge will allow him this golden parachute.

Row has 1000 screens so this will Will also give us an Idea on the price per/screen valuation of the rest of the business.

They might wait until cinema has recovered before going public and cashing out.

So the lenders are going to collude to give 20% of the new company to the CEO who drove thcompany from 2B to 40 Million in two years?

You are arguing that Mooky will be better off forfeiting his current holdings and hope he can buy back his holdings on the newco with his current money.

At 187p SP pre pandemic, his holdings would be at 500Million £. Rigt now, it is 7million. I daresay he has more to lose if he does not decide to ride this through.

Was the precedent a chapter 11 or chapter 7? There is a difference between bankruptcy protection and full liquidation/insolvency.

Mooky's family's holdings are currently used as collateral in a loan for the family. It is on one of the FT articles. They will not allow those shares to be worthless now.

They may already be in profit from the steep dive. And connot be bothered to look for shares to close now. It also kills the narative that shares are worthless.

We had a rise from 1.8p to 5p. That could be some shorters exiting.

https://www.bloomberg.com/news/articles/2018-08-24/so-you-want-to-short-tesla-here-s-what-you-pay-to-pull-it-off?leadSource=uverify%20wall

Borrowing fee is per year. And is paid every month. At the current prices, it 'only' costs 8000£/day to borrow 1Million shares and drive down the price.

The concerned citizens are back again. I wonder why.