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It is a 30 say window. 2 weeks screening and 2 weeks blackout.

Disyney goes with 45 days and still gets viewers on the big screen.

I guess CP may have tilted their offer too far in their favor considering the damages.

Cruis1 posted it first. One thing to note is that CW and CP were in a closed door negotiation to merge and CW still found it better to do C11 than to merge and dissolve the court case.

Is it Mooky being to stubborn not to lose his stake or does he really believe C11 is the better option?

Can the court force a merger if the lenders motion for it?

https://www.reuters.com/markets/europe/cineplex-approaches-cineworld-lenders-revive-merger-with-regal-wsj-2022-09-28/

Amazingly well written article.

Isn't today the decision date for all day 1 motions? Anyone else expecting an RNS?

VUE comes to mind. But since it is a private company, we do not know what happened behind closed doors. All we knew is canadian shareholders exited after d4e. CEO kept his shares and position.

https://comicbook.com/movies/news/avatar-2-black-panther-2-black-adam-box-office-projections/

They have now warned of wipeout as well as dilution. Maybe if BO does not recover by q1 2023, and if they cannot find a solution other than liquidation.

Until then, it's not bankrupt... Yet.

So is it not bankrupt yet then? SP is not zero and is expected to trade a through the proceedings right?

Is there any difference between bankrupt and chapter 11 bankruptcy protection? Can anyone elaborate the difference.

Wolf seems to have all the answers and can see the future. Maybe he can help.

If WSJ rumors were true, Plex will elope with creditors, take Regal out of CW hands and, chop off a large piece of debt and cancel the court case.

Or some combination of those things. Wsj have been right before.

Too many legal terms for me. Does this mean plex still have no claim on CW after bankruptcy proceedings since the point of the Chapter 11 is to restructure stuff to make sure the business survives?

We're all under the bus.

As part of the Chapter 11 Cases, Cineworld, with the expected support of its secured lenders, is seeking to implement a de-leveraging transaction that will significantly reduce the Group's debt, strengthen its balance sheet and provide the financial strength and flexibility to accelerate, and capitalise on, Cineworld's strategy in the cinema industry. It is expected that any de-leveraging transaction will result in very significant dilution or elimination of existing equity interests in the Group and there is no guarantee of any recovery for holders of existing equity interests.

Regal dissenting shareholders were not paid because they were unsecured.just like shareholders, and CP, they will be wiped out at the end if they go with NewCO.

CP wants to buy Regal, not CW.

What does a CW losing Regal and all the debt they can offload look like?

Also, how does this affect the court case?

People familiar with the matter is back, baby. He/she is our favorite source of news.

A new merger on a more reasonable price will be more attractive than a protracted court case. And it looks like that was part of the options even before the bankruptcy filing.

The website looks weird. Only has whatever is written in the RNS.

Maybe cw thinks their best outcome is a ooc settlement due to the legal costs piling up.

Earnings is ostensibly for shareholders who are currently under the bus being rolled on by 90% upwards losses.

I don't wonder why they want to delay the earnings.

They made a 0.8M loss on H1 2022. That is compared to a 225M? Loss on h2 2021. BO recovered to 68% f 2019 levels and is expected to catch up to 100% of that by 2024.

The reason the company is on the ropes is the cutthroat expansion, the court case, and mooky's refusal to raise equity by diluting shares during the higher SP times.

The company can slim down, restructure, and be profitable again. With how much of the old shareholders equity is the question.