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Good call - I’m waiting to read the RNS but if it’s as indecisive as the tweet / Facebook posts today, I’m afraid you won’t get in at 30 pence! I do think that this will hit 10 pence if the total closure is announced and ultimately I would struggle to see how any value could be assigned to the equity here. No going concern if you can’t operate a business and need to fire all the staff. Will be reading the RNS eagerly

One of their main buy tips

I’ll be shorting this down all the way to 10 pence

Short target. Would give it a nominal market cap value of 140mill. Probably then becomes a decent ‘survival’ punt.

RNS wording*

RNS working will dictate the extent of the savagery coming tomorrow. Confirmation of worst fears will lead to 75 percent market cap fall. Soft denial of speculation will probably only lead to 25-30 percent fall. Strong outright denial and your looking at 5-10

Open at 18 pence - low of 10 pence

The hardest thing to do is cut losses on a loser. Do it, take the hit - you will instantly feel better. This dog is going under

Closing the business down and firing everyone???! No going concern there in my book!

I think this warrants a near total equity wipe out

Directors duties under English law means that the directors will now be acting in the best interests of creditors and not shareholders, which is what is promoting the decision to halt business. All teeing up for a sad end

Pretty much the only worse news there could be is administration, which surely isn’t far off

Yes - 75 percent fall takes it to 10 pence. You’ll see tomorrow. This is terrible terrible news

My strategy will be to short it down to 10 pence and then once it’s bottomed out around there, take a 24-48 hour bounce trade and then out. Imagine this will go bust sooner rather than later.

I will be shorting the **** out of this tomorrow if it opens anything better than 50 percent down... target price 10 pence

Should be released on amazon prime etc... no market for cinema for at least another 6 months

What is sad to see is shareholders saying stuff like ‘only a loss if you sell’ ‘ride it out’ etc - effectively going down playing the violin on the Titanic. Shame. Could be a good bounce trade at some point IF this survives but quite doubtful. Looking at 85% down tomorrow IMO

Short on first thing Monday

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Here we go! Choo Choo. Hoping for a rerate next week and multibagger in 2021