Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Swear people make it up as they go along.. so far tonight iv read 7bn and 8bn debt.. its $6bn ffs
The last couple minutes of the court recording.. listen to the judges comments he thanks mr sussberg for educating him on where the industry is and how much market share the company has managed to maintain and increase.. saying hes not sure of the outcome whether Cine will sell or internalise etc.. sounds like the judge will be swayed to allow them to reorganise internally if no suitable buyers found.. which i still think will be the best outcome for all of us
They do own patents but im just wondering which ones might interest apple
What patents antlev?
Even if they bought Cineworld they still wouldnt have 1000 cinemas ;)
Btw he said it at around the 41:45 - 42 min mark if you wanted to listen again.. theres a lot of the recording i cant even understand as its very muffled.. in this day and age theres no need for sound to not be crystal clear
He seemed quite impressed that Cineworld were able to maintain and even increase their market share during this chapter 11 proceeding
I think the judge was wrong when he says it looks like the company/industry is in a state of flux that would have happened sooner or later with or without covid.. Cineworld had never ran a loss making year in its history. Without covid/covid restrictions/mass media panic campaign and studios holding back movies we would have been in the best years of the company..
This is one option.. but the signs are not showing yet or we would see the bouncebackability of the shareprice
Wolfie - its always good for a company to under promise and over deliver ;)
Watched the whale last night.. i thought it was quite sad in a couple of parts and Brendan Frasers acting was on point
How to turn £35k into £1,000,000 or £3,500 :)
Are you HJG? Why do you refer to yourself in the 3rd person?
Agreed Hexam, then think/hope for 20-30% discount on total rents bill after the leases cut and it could swing us back to profitability.. then i hope for no interested buyers and lenders agree to restructuring package where they take like 51% equity issued to them in return for all debt wiped clean slate ;)
They are probably thanking their lucky stars that they could take this opportunity to get out of airtight lease agreements.
Who knows, maybe the landlords will have a change of heart when they are left with an abandoned building full of crackheads, and then come back with a better lease agreement that will allow each premises to become profitable. Alot of them were probably really bad locations anyway, with not much footfall. So revenue lost is actually big saving as they were paying thousands in rent monthly for the sake of a few customers a week for example.
Hexam i wonder how much all these new lease agreements with landlords will save.. they are only about a third of the way through negotiations on cheaper leases.. a fairly small portion of leases are being dropped completely and those cut will save over $20,000,000 thats just the terminated ones. Wonder what kind of savings they can make on the leases they keep? If they could take it back to 2019 level rents then its a 30% saving on the total rent bill
My Fingers are crossed but starting to get a cramp.. lets hope they can draw out the chapter 11 upto 18 months
Stanleypro - i meant the Everyman media trading update.. still waiting to see Cineworlds but im sure it is coming soon in the dockets
There is still hope for Cineworld after seeing their Trading update.
Group revenue of £79.7m, an increase of 62.5% versus the prior year (2021: £49.0m).
Can anyone do the math to compare if we were to see same growth yoy?