The Remaining Options for Cineworld (they are all grim!)
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!