Member Info for Tegop

Yeah, exact same news and rumors in 2020. Maybe it is all over. Or maybe not. It has been 20 months since the writing was on the wall.

@wellington

They can put plex on hold using the built-in-stay, regardless of the decision. Unless plex agrees to move up the chain into secured lender.

Cineworld has appealed but also resorted to the nuclear option — the Chapter 11 move will effectively wipe out Cineplex’s claim. Cineplex did not respond to a request for comment.

From the sunday times article

@Hexam the times article mentioned it on sunday.

This is more exciting than Bullet train.

Did you just spend 10 minutes to contradict yourself? Yes you did.

There will be tr-1 declarations for those moves. We will see this week. And II's hold more shares than mooky they will be more invested and included in the decisions here than pi's.

Decrease in shareholder equity can mean cine no longer owns regal or a segment of the regal sites. See the times article.

Creating new shares through d4e was never mentioned in any of the articles i've read. I will be happy to get rid of regal altogether if the debt that came with it, and plex court case gets nuked.

We might as well show mooky the door.

I always read imho as i am ho.

Sorry cannot unread.
I think you already said your piece. Take a cuppa or make lunch.

Unless there is an RNS on bankruptcy, it is still up in the air.

There is little difference in losing 95% and losing 100%. We might as well let it play out.

I don't hear no bell...yet.

The FT and the WSJ sounds like they have the same source- someone close to the matter. WSJ said CINE will file for bankruptcy in a few weeks. FT said it is one of the options.

The latest article said it was planned for the next few weeks but will be moved forward(aka sooner) due to the said leak/rumour. But they have more details of the rest of the options. I do not think relying on just one journalist and one leaker is the best thing to do. but at least we have more information than friday.

@aim,

I know it is a lot of words but please try your best to read. Take it in chunks and digest the article. There is no harm on reading instead of finding words you like and repeating them in all caps.

Imho

I suggest you reread the article.

the Chapter 11 move will effectively wipe out Cineplex’s claim. Cineplex did not respond to a request for comment.

Aim and squid are back 9am sharp on a sunday. There goes the meaningful exchanges. Expect this article to be buried deep under.

Read the times article. The plex damages will be deleted.

To be honest, the article never mentioned debt to equity. Although that is always possible.

Getting 10Billion shares at 4p then shares going 0p is not a good plan to get paid.

Hopefully the will be happy with the raised funds fromselling the sites, kicking mooky out, nuking the plex damages, a newer debt repayment plan, and leave the slimmer company back on the market.

It looks like they were unhappy how mooky is more focused on protecting his stakes than protecting the company and shareholders, therefore the comment that mooky runs Cine like a family business.

@Iparsnip

I admit to having a pint. Does that count?

Diluted shareholder value. At the current, 1.3b shares own 750 theatres. And a ~5b of debt. Plus plex damages.

1.3b shares will be owning fewer sites, debtholdersbxan opt to swap to equuity, severely diluting us. But the debt will surely drop as well.

I do not know how many sites will be sold. And how much they will raise for liquidating the said sites. But nuking the plex debt will be a good extra.

the Chapter 11 move will effectively wipe out Cineplex’s claim. Cineplex did not respond to a request for comment.

Cineplex wipeout. Mooky out. a lot of screens will be sold. No news on debt to equity.

Thank you Rodders 828

Three (the phone company) has a 3£ 2d ticket voucher. I use it every weekend. Bluelight members can have 2 tickets for 7.6£

Other discounts and vouchers are available. Including family tickets.

I commend the tenacity of aim to just post and post on a weekend. Despite having no ulterior motive. Imho

You forgot imho