Member Info for ElvisRocks

@wolff, that’s the most sensible thing you have said in a long time, how horrible it must be to work for months under that pressure without knowledge if you have a job, I would have jumped long ago

Some months back the sadist in me thought about pinging them an email and doing rate contract work for them, but then I thought wake up + I’m fully loaded at the moment … wonder what suckers they have working for them as contractors or FTC arrangements

I should also add there could be a 24-48 delay until one minute after midnight on 1 July (meaning they continue to trade on the 29th) the reason being Cine moved its year end to 30 June, meaning loads of accouting entries on the 29th and the Cine balance sheet is effectively a shell company that the auditors report on on the 30 June

The FCA can probably play their part here by suspending shares on the 29th and 30th (a Thursday and a Friday).

Hexam can probably tell you more he’s an expert in accounts and finance matters it seems - as well as a LTH of a worthless share - hope he sells before 4pm (UK time) on the 28th as the final hearing is 9am Texas time that day.

Hello Mr K … it was in the Plan and disclosure statement that the lenders are under no obligation to continue to observe SEC or FCA regulations, plus the lawyers bills have regularly talked about delisting, that I would have thought it’s a slam dunk to happen on the 29th, day after judge confirms everything

Don’t forget those fools who are still holding - of which Hexam is one self confessed LTH - will need to be aware these shares will need to be delisted and either a new class of shares listed (if the ad hoc group choose to keep a listing) or go private forever until a future date IPO.

It’s is pretty much a bang certain these will be delisted, probably on June 29th - one other reason that Ciniplex have nothing left in “old co” to sue to get their money back.

So Mr Wolff, put that in your pipe and smoke it … the auditors were asked to consider setting up independence teams pending a US IPO

UK was worth £x, ROW £y and the USA $x, so yes, on a break up basis it may be worth >$3m, but from the offset, Cine were determined to sit whole … that is advised by all firms of advisers in each other’s pockets

You don’t have to clear all the $6bn of it, some could be retained.

Who are the advisors and lenders going to bully next, they’ve had a good at drilling shareholders into the ground for nil, the only one sticking up for us is patience and the judge

… come up with novel ideas Wolff, not the same clap trap that you do every day…

… No mrWoff, you could IPO Regal, sellROW and there was a plan B for UK, so my point stands on behalf of patience, cine we’re determined to exit whole, more could have been got by an alternative means

So yes, everyone is in everyone’s pocket, incl PJT as advisors and their caveats.

How can anyone take Hexam seriously when he says he is a LTH of a sharethat is worthless? And you have yet to say anything credible yourself to dismiss why patience has been granted hearing time by the judge except “sympathy” LOL!

@Hexam, being the highly credible poster you are - that is a self confessed LTH to a share that is worthless as well as a declared lifetime expert in valuations - what are your views why an IPO should not have been considered, something patience puts in his letter to the judge, thus allowing current shareholders the ability to participate?

Hello Mr Wolff, you are correct, I placed too much emphasis on the lawyers bills and paid the price and got out at 3p, I accept that … but that is more credible than Hexam who says he is a LTH for a share that is worthless!

Just skim read the valuation docket / disclosure statement again, you are also correct, even a smarty pants Harvard expert would struggle to dispute it but it is not out of the question given the ridiculous amounts of caveats they have put in there, assumption after assumption, my concern for patience is more the realms of bankcruptcy law than building an alternative case to a valuation

Personally I would favour the closed shop basis of all this, debtors and creditors and lenders and advisors have been in each others pockets from the start. Patience is arguing an upper limit of $3bn is unreasonable… the adhoc loan group will probably sell this for maybe $5bn plus when conditions return and get their money back that way …

@Hexam, how do you expect us to have any confidence in your credibility when you say you are a LTH for a share we have been told is worthless and in the past you have said things like “I think we will be alright here”

If you claim to be a valuation expert, the only thing I can think you have possibly valued is a box of corn flakes

Here we go again, clever clogs Hexam and Wolff being the only ones who are accredited as valuation experts in the whole world, all Hexam does is regurgitate what is in dockets …

Hey Hexam ever thought there may be an alternative view, the judge is prepared to listen to any alternative hypothesis that is put forward something you don’t even try to do. Nor consider the flawed independence of everything that is going on and mass of caveats in their valuation opinions.

I would shut up if I was you, Wolff too.

As patience says let’s wait and see.

That’s right mr Wolff, I was wrong but admitted it through mea cupla, here you and Hexam need to tip your hat as Patience is the only one on this site to get a movant with the judge, so you should pay homage rather than being the profound valuation experts that you claim to be.

Patience is trying to submit a hypothesis why there could be grounds for an alternative view, he doesn’t need you and Hexam dissing him with your holier than thou views, more Hexam this time than you admittedly

Thanks for that postMr Kyoto

I think Mr Wolf and Hexam should shut up now with the toilet coming out of their mouths - I remember Hexam saying “we should still be alright here”

Neither Hexam nor Wolff have got any street credibility left in the tank and should shut up rather than now becoming the “valuation experts” - Patience has achieved a thousand times more than both of them put together in at least getting a judge to listen to a motion and have been all talk no action, so please let him get on with it and support him where we can.

@wolff and @hexam, time to put the Horlicks mug down and say night nighty, you have nothing left in the tank

@wolff, you are talking plop again.

Being a public company is not relevant, the judge is no expert in valuation either, he is exercising his role whether a scam is at hand whether this has been pushed through a closed shop process and whether another alternative has legs.

He's got the balls to stand up to the creditors, guess you should ask what he eats for his corn flakes each morning to even allow docket 1734 to proceed.

@Tegop, you got it in one, no of us unless an alliance is formed with someone at this stage has access to any financial info and that itself is a basis for being shafted.

What the judge is saying is prove the valuation is wrong, put another one on the table, anything, and I’ll think about it.

@wolff, ur not putting your balls on the table. If a hypothesis is built that there is an alter valuation, the debtors / creditors / lenders / lawyers have zip chance to debate or critique it, this is one chance solution to put that hypothesis on the table for the judge to read. At this juncture only the judge has to say - there will be f-all chance for anyone on the 28th to have more say. The judge will either accept or reject what Patience is planning

What’s the ad hoc group going to do, say foul that’s the not fair only we the corporates have the say. I think not. They will have zip chance to critique or argue the toss about the basis of the valuation.

In pecking order on the 28th, the judge has bigger balls and bigger say than ANY Participant to date, including those scum bag lawyers, corporates, debtor, creditor whoever who write all these documents.

.. Yes JohnN, I would agree with you it is pretty much game, set and match against Cineplex, they stand to get little more than a few bags of popcorn as payout…

Patience needs to find counsel and a firm of valuers fast so trying to help him with thoughts how to go about that, your suggestions likewise welcome in this area.

@wolff, did you not read docket 1731, patience’s submission…

… ie the valuation is a pile of ****e, full of valuers lacking independence and in the pay of all the debtors, and effectively creditors via process.

go for it patience, i wish you well … you are david trying to stand up against goliath scumbags … no one else has had the balls to question the one-way juggernaut or even put an alternative hypothesis forward.

.. a long shot, have you thought about approaching CinePlex lawyers in Canada to see if they can help / are interested. They will have a lot of material to start that would be of value, and in only a minuscule better position than shareholders getting in a 1c in the dollar or even less position and is pretty much game over for them too

@patience, I must give you mega congratulations to have been able to get this on the table and be signed by the judge, you need big balls to go forward, big no win / no fee potentially with counsel and an alternative valuation firm but with a big payout potentially.

This could really be a case of the down trodden man / women against the mighty corporates or David v Goliath and David in fact wins, what are your plans from here?

@wolff, the time is nigh to put your money where your mouth is after being on the site since the beginning, what do you advise here …?

Docket 1625, just signed by the judge now, to enter into the finance commitment, first lien charges and backstop agreement (the rights issue) … all objections are overruled with prejudice (Para1).

End of game, the lenders get the lot now.