Member Info for WolfofWarks

Anyone who thinks Netflix would buy Cineworld doesn’t understand Netflix model. It’s a tech platform business, lean with extremely low overheads. They are not going to purchase 1,000 brick and mortar sites. Their investors would run for the hills.

Netflix is the enemy of cineworld not a natural bedfellow.

Hexam - great points and bang on understanding as usual.

“ Hi mountainous - I don't think there has been any actual 'settlement' yet, just agreement of the DIP financing and some other things. The court doc runs to 96 pages which I haven't read in full and probably wouldn't understand if I did given legalese in which it is written. It would be good to have a plain English version via an RNS although the updated financial plan at the end is useful in itself.

So I think all the options like a full/partial sale, D4E etc. are still in play but if you or anybody else has the stomach to plough through the whole document and suggest otherwise then would be happy to be corrected.”

I wouldn’t waste your time on this Hexam

“ Could be a poster like Wolf of Warks trying to restore some credibility with a new account.”

Lovely theory but absolute tripe I’m afraid. Nice to know you’ve got a hard on for me though. When it comes to CINE my credibility is completely intact. I couldn’t even be bothered to respond to half the crap posted yesterday by the infestation of fact less nonsense that was being posted. Many PIs have been spiked this morning imo.

When Richard Jones joins a BB you might as well put £50 notes on your weekend bonfire.

It is already bankrupt. It’s not liquidated though, nor do I think it will be.

The question is what form will V2 take.

I was asked a direct question so I answered it.

No because nothing has really changed. They basically unlocked what looks like the remainder of the DIP facility.

Once the priming loan is repaid they can then start to explore other financing options - that’s if there are willing lenders.

There is nothing in today’s news that changed anything fundamentally. The court papers refer still to the reorganisation plan (the D4E transaction) but now also open up the possibility of the business being sold - how any benefit from this accrues to existing shareholders is hard to see.

I’m not too sure what my buddy Poor is quite waving his w illy about!

So what I have been saying all along to Jeff, Ian Harding, etc, has happened. Not that I’m any kind of Nostradamus or anything as I was only retelling what the RNS, court docs, etc, where telling us anyway.

The SP action is baffling, but I hope all the traders those who bought in on the last spike can make some money.

Hi everyone :)

If this report is correct the $1bn dip priming loan will be repaid as I have said all along. They also got another $150m borrowing, I assume from the DIP.

It is a development in respect of the bankruptcy filing, not the result of the D4E itself.

Interesting they are looking at selling the business off now which might pave the way for the CP takeover of Regal.

USA finishes at 8pm as their clocks haven’t gone back yet.

Argo could sale and leaseback Helios. Although I’m not sure how much it’s worth and whether anyone would want Argo as a tenant in their current predicament.

The macro conditions don’t exist to allow btc to go on a bill run.

Investors over the last two years have been burnt badly.

You need the next gen of investors to come through again imo.

Sharebel you were ramping the f uck out of this just the other week if I recall correctly.

Now you’ve magically got out at precisely the right moment.

Because sometimes when you shut down operations you end up making a larger loss depending on how much your fixed cost base is. If your making a gross profit then you’re at least reducing the impact of the fixed overhead.

He’s got a good product potentially. Execution has been sluggish but they’re creating a new concept.

I’m in Bids and it’s looking very good at the moment. It’s going to be a long haul though and they’ll always be fund raises and dilution. They’ve got a proposition in something unique and innovative though so over the long term I think there is a decent chance they’ll make it.

What a sorry state of affairs for what looked a decent prospect only a couple of years ago. Mis-managed, unhedged and not run like a proper business from the off. Too much sunshine and not enough rainy day planning,

1) the company at present doesn’t have sufficient free cash flow to make this commitment. To survive as a going concern it needs the debt sorted now, hence the C11

2) when you enter into a lease you are legally obligated to see it through. Just like you can’t walk away from a rent agreement have way through without the agreement of your landlord.

3) Cineworld do not have to financial resources to strike any kind of deal with CP.

Yep didn't do my usually checks. Sods law!

I'd be interested in that link please Ian

It not dead, but attendances have been on a slow decline for the last twenty years.

Source?