RE: Court Case4 Nov 2021 00:01
Totally agree Mountainous, although I suppose Mr Mark has provided us with some excellent comedy :-)
His synergies argument is just a non starter, I can't understand why it's even allowed to be argued in court. Even if the deal had gone through the synergies would have been gained by Cineworld not Cineplex so with the deal not going through how can they demand lost synergies in dollars they wouldn't have got anyway. I think Enzo explained that quite clearly, and synergies are not just a financial gain in a takeover.
I dont think Barbara was too impressed with him yesterday either over the part where damages would be given to Cineplex shareholders. Remember when Mr Mark was angry with Enzo for pointing out that many CP shareholders sold after June 12 and it would be new shareholders that would benefit from the claim
Yes it should never have gone to court, asking for $2.1 billion for nothing in return annoys me too, just by the fact Mr Mark has the nerve to stand there like a lemon as if they are being reasonable!