RE: BOND14 Sep 2021 23:32
HNS and bluebuxton, thanks to you as well.
Listening to the collective comments Cineplex are continually admitting to breaching the contract, as they were bound by the covenants to ask for cineworld approval before changing any payment, contract or lease term over $1m if memory serves me right and they didn’t, they even frustrated cineworld when it enquired as to the detailed financial situation of the co. In addition sounds like they as yet have offered no explanation as to why they traded $20m development rights asset for deferred rent payments without cineworld approval.
I like what I’m hearing, but it’s court and there’s always a risk. Fingers crossed simple black and white facts will see us through.