Member Info for ElvisRocks

Certainly have Wolf, I’m not the disgruntled university student or office pencil sharpener, you are probably going to make out now you are some Goldman Sachs super star, well known CEO designate, soon to be Whitehall Mandarin, due for a Gong for Services to Business or all the above!

Anyway at least you are not as bad as wellington boots, a more arrogant “thinks he knows it all” prick I have never heard. He was on this board a couple of days ago thinking he was the “Big I am” knowing more than the multitude of lawyers and barristers on the Cineplex case.

The trivialisation of lawyers bills being a case in point, you tend to think they are a load of tosh …

You still haven’t given what EY as tax advisors are doing on this C11. Organising a dating website with HMRC perhaps?

The problem I have found with you Wolff is when challenged to come up with the goods and not head back down your usual rabbit hole, you are found out with your trousers round your ankles with no points of any merit!

Paddy Pants Down and all that!

Trust that “so what” was not aimed at me Wolffie as you know you will lose subsequent debates … hint, goodwill

… never actually heard the great man speak but just found this from 2020 on Sky News … maybe they did hatch a plan with Sky to organise the leak on Vue this week ….

… so I say again this is a careful choreographed process since 2020, that was the obvious time to short this share, or shortly before when covid started ..

https://news.sky.com/story/cineworld-screens-alixpartners-for-talks-on-8bn-debt-pile-12111026

This wasn’t the article I meant I read, saw another one more detailed, but same effect PJT and Alix Partners have been working with Cine since 2020, they have some high calibre advisors on board when you also factor in the others

https://www.consultancy.uk/news/25966/cinema-chain-cineworld-calls-in-alixpartners-and-pjt-partners

By the way I’m not star struck by the size of the legal bills, I read an article a couple of days ago that as far back as 2020 they brought PJT the Investment Bank in to look at options, it was at that point they got their heads round $150m of C11 legal fees.

I’m more interested in what’s in them legal bills, since, if they don’t represent the truth of what’s happened so far, even as current as 14 days ago, best you head to Texas and get a personal appointment with the judge and say perjury is being committed…

They look people up for lessor offences but would instead lock you up as a looney for saying don’t believe the lawyers bills!

Wolffie … you are asleep at the wheel again!

Cineplex are running out of options, hence why they appear to have made an “offer” of some description, whether offer of settlement or offer of some other description. They will have no assets to try to attach anything to at the end of C11 so will be shafted my current process that has outgunned them

Regarding other bidders, you are asleep again …

At the status conference a Mr Michael Messersmith who appears to be the lead spokesperson for Arnold and Porter, Ad hoc group, says they want Mooky out after a transition plan if they end up having to accept a D4E, if the get away with sale proceeds they will cut and run with a haircut and probably have a party in the Las Vegas desert having got themselves out of there with a least something

… meanwhile for us shareholders I come back to what Investec seem to be still involved with at the FCA, uk and row implementation plans and all the tax work EY are doing … they are doing something useful not arranging an HMRC dating party!

Time for a sniff of those smelling salts Wolffie… wake up!

There must easily now be 250,000 hours spent by the professionals on this case, whether debtor or creditor advisors, possibly many more

… do you really think Wolffie this will end with substantially all the assets sold off, major dilution for the shareholders and a big fat ZERO left for the shareholders, including Mooky and his 20%, when he is in fact running the presentations, business plan and doing the “first vetting” of bids b4, or in which context, they are presented to the lenders…

… dream on Wolffie, come back to the real world when you have woken up from your day dream …

shareholders not SharePoint…

Mr kioto, I believe a major chunk of all group assets are being sold, but something left behind for “Cineworld Plc v2” to emerge, Mooky would not let everything to be sold and nothing left for him and us … the c11 process is haircut for all (including us SharePoint probably the biggest haircut) but something has to be left for Cineworld Plc v2 to emerge

Im still undecided on Vue there are other bidders, Vue is just one - they have probably ignored the non disclosure agreement to put their name out there, with a “up yours to the NDA, we’ve got the money”

In other words, “money talks” but there are other bidders.

Hello Wolffie and Hexam, thanks for your posts, I’m sort of trying to read between the lines a bit here with these dockets this week, which do lean heavily on a sale of (possibly more than first planned) sale of assets and they have used moderately strong language firstly in strongly noting they would redact the names of bidders, which is of course sensible in a process like this, and slaughter and may and Ashursts legal bill talks about emergence of a UK Implementation Plan, so there is something here for us yet.

What would you say a reasonable PE Ratio would be for a slimmer down, fit for purpose, less debt in it new co? Let’s assume all of the US Assets go and a big chunk of UK

I also saw a creditors docket yesterday stating they had found legal representations in Amsterdam and Hungary so maybe those are going as well

… folks, based on the latest docket filed last night, at page 2, and the lead debtor advisor wanting their $13m in fees paid (and attaching a 1,000 page list of things they have done” …. well they say in the Plan status that Cineworld are selling “substantially all of their assets” So that could even mean some of the ROW assets

… so much for dilution Wolffie….

You’re a nice lad too Wolffie… always ready to share your quality views, bet your like that nice guy who always gives a lady his last malteser!

Good on you bonkers, you are obviously a nice lad, not deluded or anything… just having a bad day after that shish kebab, suggest a margarita pizza next time maybe if the sauce is a bit hot, maybe you don’t need to give wellington boots a lift to the shrink after all!

Think Wellington Boots is first in line for a shrink / psychiatrist… Bonkers will be giving him a lift and following him in though …

… bonkers you don’t half sound irritated with that long rant there … did you have a dodgy shish kebab with too much chilly sauce on last night that is now disagreeing with you and having frequent trips to the dunny, lol!

Wise up amigos, Elvis here …

In last nights dockets releases, the lawyers bills (usually more informative in previous months) but this month have

Investec still in the mix somewhere and still in the FCA correspondence loop
Valuation and valuation methodology being done by Investment Bankers and assume now shared with potential buyers
A RoW debt facility is being talked about / negotiated

Still a lot of discussion about Plc listing with FCA and what sort of alternatives there could be ….

… we are back in business… key status conference is continuing on Feb 21, next Tuesday, get your dial in fingers at the ready folks and hang on to those hats and totem poles!

https://cases.ra.kroll.com/cineworld/Home-DownloadPDF?id1=MjM1MDQ5Nw==&id2=-1

… didn’t quite make the connection there, “exhibitor services agreement” docket 576 is the NCM cinema advertising contract that has been litigating for ages ….