NO RNS20 Aug 2022 06:22
If it is infact true that the company are filing for chapter 11, then I believe they should have released an RNS about this. This is the second time I'm aware of that Shareholders have found out news from other sources without a word from the company.
I would be very careful of buying any shares in Cine, as they don't really seem to care about shareholders and keeping them upto date on current events.
I also think that Mooky is full of Bull and Bluster. It wasn't that long ago he was saying in interviews that the film slate was strong, and that the viewer numbers were good....
But nothing about how much their debt was rising and how they were struggling to pay it down.
So many people here have been kept waiting for good news off the back of his words, only to be dumped in an ocean of debt themselves.
It is clear to be that the BOD are looking out for themselves first, and you.. the shareholder last