4.3 and squeeze again!

Hi all, could someone tell me how much resolution I will lose shooting in squeeze and not 4.3 and if I shoot in 4.3 will I always have the 2 vertical black bars in my finished film. When I spoke to a friend at a film fest he said that all cinemas are 16.9 and that's what I should be shooting in, please advise
 
Sorry, posted this message in haste, please IGNORE. I have just read about a thousand threads on the subject and I think I get the message. David Jimerson you are a STAR! If you ever find yourself on a small Island off the south coast of England the first warm pint of ale is on me...and the second
 
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