RE: Cineworld will come close to this6 May 2022 23:39
@Fredster, I am of the exact same opinion. If the appeal is unsuccessful and if Cineplex is out for blood and don’t want to facilitate us, I do still believe that a silver lining would exist. But it is very high risk…
I also see that Mooky’s constant reluctance to discuss the matter goes to show that he is playing it carefully. If I were in Mooky’s situation right now, I would have started buying Cineplex stock until we are just below the threshold and then start to save some money up. If Cineplex refuse, then reveal your cards, take out a massive stake and show them that you mean business. Tell them that they have two options, either out of court settlement or hostile takeover and we will take care of it ourselves. Out of court settlement resolution will be reached in a matter of minutes, Cineplex shareholders would absolutely revolt if Cineworld took over their company. I would go down that route if it was legally viable.
Alternatively, Cineworld could put myself, BlueBuxton, RS, Bonkers etc etc (most LTHs here) on the BoD of Cineplex and we will take care of it, it would be the best feeling in the world to call up Mr Mark and tell him to close the case. And whilst we’re at it, we will do a hostile takeover of his bus company too! The world is our oyster CINE shareholders!