Member Info for Tegop

The £785M relief has been set in stone. If their estimates are correct, that is enough runway for 10 months. That us past summer box office.

There is a 'stay' for litigation for at least 120 days, more if an agreement has not been made. H1 earnings is already on the cineworld web page. Court case is next. There will be a decision well before 120 day period is over.

Roughly three months. Even cine was not expecting the results to be so soon.

We expect results in nov/dec.

CFO already said they cannot get new lenders due to the plex damages. A new lender who will restructure the debt could have resolved this issue right off the bat.

Right now, CINE is working with existing lenders only. As you say, the business model exists. It is just a liquidity crunch that cine could not squeeze through. A positive appeal could reverse that.

You missed the when and the how much D4E swap.

They will sell-off some sites, restructure some debts, renegotiate some lease agreements, and ensure some liquidity on the other end.

All within the 120 day minimum 'stay'.

Current debt is less than 5B. All the above options can decrease or increase the needed liquidity in the end and it does not make sense to have zero debt from a accounting stand point.

D4E can also happen at a later time when share price is less suppressed.

One would be deluded to think a single movie can make an industry.

The primary concern of Cine and every other cinema company is the thin lineup due to covid slowing down the movie pipeline. Add to that the studios who make streaming exclusive contents : Netflix and apple.

The former is recovering by q4 hopefully. But the balance between made for streaming and made for cinema movies must be struck. New deals and a longer screening window need to be agreed.

At the moment, every streaming company burns cash for market share. This has to stop eventually. The movies they make exclusively for streaming are bland and poorly received. Think red notice and gray man. Even so, they would have earned everyone more revenue had they gone to big screens first.

Judge wants to put a hold on the DiP and sign a quick 20% hot cash for cine to remain afloat.

He is asking any if the lenders if they are willing to extend a hand to cine to make sure employees get paid.

He is also keen on putting payment terms on hold to give cine breathing room.

I always ask this to LTH, including myself.

If you had not lost money on cineworld yet, or never heard of the stock until today, will you buy the shares at the current price?

If yes, average down.
If not, write it off and do more research. Sell or hold on your accord.

I will admit to selling out. But that is for my peace of mind. I am now at roughly 100k shares at 35p average.

I kept dismissing lmuhare's posts as wishful thinking because the declared short positions are around 3% atm.

As a GME Veteran, i expected a higher borrow rate needed to trigger a squeeze.

However, borrow rate has maintained 127% APR. Meaning borrowers pay 1/3rd of the SP per day to keep their shorts. 1/3rd of 3p is 1p.

I read in another article that latest short positions are at 15%. Timing the shorts while II's exit will spell a paper gain. Exiting will be another.

I did not come here for a short squeeze hypothesis, but here we are.

All I got from the FT article is that The greidingers had loans on the banks with the CINE shares as collateral. Common amongst the rich. Elon musk have the same deal.

What is interesting is how the share price have dropped, and usually, the banks will margin call and force the loaning person sell. Banks cannot do that at the moment because it will force them to take massive losses.

Mooky did efff up a lot more people than I thought.

Wendy's actually.

I do not have anything to tell you except do not go to wsb. Especially on this bear market. The loss po rn are tremendous. There are a few gains too.

You clearly haven't been to walstreet bets.

If this piques your interest, just don't try to go there. But do not speak for other people.

You have reverted to the boring arguments now. Cine's product has a time lag and is seasonal. Movies cannot be produced in a day and shipped in a week.

Studios do not want to show their best offerings on slow months.

We got 80% BO revenue in less than half the number of movies last summer. The last 2 of the top 10 grossing movies was in the last year.

Studios with streaming are focusing on cinematic releases because that gives them better chances of recouping their investments.

The number of admissions peaked a decade ago but Box office revenue peaked 2019 and will reach a new high in 2024.

People pay for enhanced experience and the chance to see something the first time as a shared experience on the first day/weekend/week of showing is still worth the price of admission and the food.

Aramco is a trillion dollar company.

I like that optimism. I also wonder about the 2p Buy wall for the last 2 days. Somebody hoarded some shares on the cheap.

Good luck to all rampers and derampers.

The sunday times article said 2 weeks and even said it will be moved forward due to the 'leak'.

The first RNS about the dilution was 17 Aug. This puts a deadline of around friday. I am assume plex SP will crash too once Chapter 11 is announced and they will not want that. I wonder how closely they are looking at this.

They can slice the cineworld pie now and receive cents for the dollar. That is, if all lenders agree on how to slice it.

Or they can wait for the boxoffice, and by extension cineworld to recover. Q4 is expected to be at least as big as last q4 2021 which was cash flow positive, IIRC.

The haircuts and other demands should be enough to send a message to Mooky and the board to treat the business as a traded stock, not a family business.

I guess we still need to figure out what bankruptcy will be declared. Chapter 11 Bankruptct protection will protect a business for at least 120 days from lenders. It can keep the stock trading, operations running, rents paid, etc. That would end around December if Mooky decides to cling on to his 20% stake at CINE.
Otherwise, he will be given a share on the new company not the helm, and not the boss chair, at the cost of all current 'members'.

You skipped the part that your friend just lost his job to a pandemic and lost a court case with barbara.

He has been earning consistent money for the last decade and is projected to return to 2019 revenue in2024, if not 2023.

You'll also share the bike with other lenders.

So once the lenders come knockin' we get thrown overboard. Got it.