RE:Below 5$Agreed, sub $5 for sure. I said months ago the merger would fall through. How do you social distance a movie theatre and still make money? How can you pay rent at 15% capacity? It made no sense then and still makes no sense today. They never found a cure for SARS 2003, another coronavirus. MERS is yet another cornavirus with no cure. They never found a cure for AIDS. They'll never find a cure for C-19. Social distancing will be the new norm for many many years.
shawshank2 wrote: No offence to the longs i wish no harm. With that said there is currently no value here risk/ reward. This should be a sub 5$ bankrupcy seems inevitable. There is no book value as majority of land is owned by reits. In essence it would be easier for them to declare bankruptcy to wipe out shareholder equity and restart with a much better balance sheet to weather the storm. The fact that they are trying to fight the bid being pulled is also a joke as the suiter is on the brink as well and the valuation is nowhere near what it was