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The articles seem to put all the options on the table and gives mooky shafting all the shareholders as the most certain.

What we have so far:
Selling US sites
Selling eastern europe sites
Nuking plex and shareholders
Plex settlement but shareholders still wiped out(why?)
Loan restructure

I still haven't seen any article pointing out to a buyer for regal/us sites. Or any Euro sites. And lenders do not seem to be on board otherwise we will not be in this mess.

Lastly, the execs do not have fiduciary duty to the shareholders. That is a fallacy. They only need to listen to the smaller shareholders but do not need to heed them.

Earnings is 4 weeks away and rumors of bankruptcy and complete liquidation is abound. Anyone has any idea how earnings will go and how investors will react?

That is assuming stock is still trading by then.

Then why sell at a loss unless Mooky did arrange for a stake on the new company taking over the business after the wipeout. Tuesday open seems extremely interesting.

Jangho

Are you suggesting mooky refused a takeover from jhango and that is why jhango exited with a loss?

Another question is... why settle with plex when they can wipe them out like the shareholders? It's like they combined all the possibilities into one. Mixing up the earnings date with the court appointment.

Cine said it is an option and a possibility. We notice that FT has it as a certainty, according to their 2 sources.

First question is that is it a chapter 11 protection or a liquidation? If it is protection, cine will still be trading and conducting business as usual for at most 120 days, or until an agreement with lenders is made.

I guess flat out shafting shareholders and getting out with all the bonuses and a stake in the rebuilt company was really on the cards.

Does anyone have access to the full the times article?

“My understanding is that the cinemas are mostly operating at a profit,” says a second senior distribution source. “It’s just not sufficient to service the debt.”

The essential profitability of the business – as long as debt can be significantly eliminated – gives everyone across the industry encouragement. “I don’t foresee mass closures in any outcome, whether the companies are bought, or there’s an equity swap, or a Chapter 11,” says the second distribution source.

AMC CEO mentioned that the APE money they got from selling new shares is for 'buying more sites'. Waiting for a buyout on some sites that do not cannibalise on AMC outlets.

Sadly, shareholders are behind even Cineplex. we are hoping for a different bus to save the day.

Yes it is though, wolf.

The times article and FT confirmed it.

As you were saying- CINE has more debt than assets, and even lower asset value if they sold at fire sale prices, senior debt will take priority. Plex will be at the bottom as unsecured creditors. They will be at the bottom of the list when there is already nothing left.

MMs can make a 1M buy into 2M-10M volume depending on the spread. Same with sells. They will extract as much money from the transactions as they can. We will see in the next week if there are more Institutions selling off. But based on how SP was stuck on 2p, no one else is happy to sell cheaper. That, or someone is scooping them up.

It could also be PI's taking the punt.

I agree
That gave me a jump.

They mentioned 'within a few weeks' and we are on day 10 post the doomsday RNS.

If they came up with something over the week, market close for friday before holiday weekend will be a good time.

Thread title. The SP seems to collapse on every price point aside from 2p. I am just vexed that I stopped losing money for some reason.

Position: 100k+ shares for an exhorbitant price

Sells will always equal a buy. There literally need to be a buyer and seller at both ends. It could be the brokerage you are looking at is unbalanced with buys vs sells. But in the big picture it should be perfectly balanced.

As everuthing should be.

Hop on board. It looks like we found the floor at 2p. Either someone is scooping them up at this price or holders think this is too low to sell-off on.

We would have been better off without that rns. A 1:10 dilution on 20p will end up atbthe current price but company will be debt free.