RE: Damages Judgement and Appeal11 Sep 2022 11:52
PLEX brought down CINEWORLD, from 85p to 20p, With weeks to go to Sept appeal (the original date of hearing) moved to 10th october-22.
I agree with the motley fools for once, A win, we could see the mother of all rises in the weeks to October end. Our appeal is now less than 4 weeks, that’s why shorters from 5p will be desperate that the appeal is a failure and mediation is not the next step. If the fool disagrees, you have to agree with the fool.
- My own thoughts, a significantly reduced award, negotiated via mediation and a payment scheme worked out between 2 parties over a period, is the way, there is a mention of ancliary process in the recent cine announcement, which may kick-in.
The appeal is in the best interest of the entire industry, the mega studios, hollywood film industry, which relies on theatres box office taking, which makes it all the more important, there is a huge reduction to the ridiculous award from dec-21.
Accumulation at 5p continues and Countdown to 28 days begins Monday 8.00 a.m
Enjoy your weekend.