A company in Chapter 11 – administration to us Brits – usually has equity that’s worth nothing. Not a bean. Because, you know, it’s bust? This isn’t true of Cineworld (CINE) because the shares are liquid, in size, at 2.6 pence or so (at pixel time).
As Cineworld shares aren’t worth nothing then Cineworld shares aren’t worth nothing – can’t argue with that, the market is always right.