By Evil Banksta | Tuesday 13 September 2022
Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We all agree that Cineworld (CINE) is bust, however, the shares are trading and currently have a value (3.80p at pixel, equating to a £52 million market cap). Obviously, if Cineworld goes into administration then it's game over and the shares will be worthless. But it's possible that there is a small amount of value left *IF* Cineworld successfully implements a debt for equity swap. This value is referred to as “frustration value” but Cineworld’s shareholders may not even have that anymore!
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