The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Thanks Steve. Yes I believe there is and yes I will write to you.
Best, Ionut
Yes. Watch this space. (But don’t reopen your long position just yet wolf ;) )
Thank you all for your encouraging words and thoughts. Except of course you-know-who :)
I’ve seen some of you praising “the Discord group” for their efforts. It is fair to clarify that there is no such group. I mean there is a group there but all they do is talk and have opinions. No actions, no efforts, no support. Sometimes quite on the contrary, especially some mean, ugly characters. Also very disappointed with Harry White, who had zero contributions to our efforts and cannot keep his Discord clean. That is why I left Discord, just like I pretty much left this group here.
There are only other 3 people which have been or are currently working with me on the actions you have all taken note of. These people are Kamal, Nicholas and one other shareholder who wants to be anonymous. Nobody else. So that you know who should be praised, encouraged and maybe even receive some recognition.
All the best to our fellow holders. Keep an eye on us.
!!!
Thanks Wolf, will do that
Is there a credible source listing the latest shareholders structure?
Another big sign in case you did not notice: the pest disappeared. You know who I am talking about.
:)
F O wolf :)
Https://www.openpr.com/news/3056297/cineworld-shareholders-objecting-to-the-restructuring-plan
Managed to get this press-release published. Hope it gets picked up by larger media outlets.
Retail, you are absolutely right. I encourage you to send a letter outlining this particular angle.
Done this objection letter and sent it 2 weeks ago and itfinally arrived. Enjoy !
Docket 1652
File:///C:/Users/40723/Downloads/9eeb8c3b-b024-4e91-913a-fb45d444a12c.pdf
Hi Tom and Maya,
I have been mandated by my group of fellow-shareholders to ask you the following questions:
(1) what could you do for us at this point in time?
(2) how much would you charge for your service?
(3) Would you accept a hybrid payment - 25% upfront and 75% on success?
(4) Can you suggest a mechanism for collecting various contributions from various scattered individuals, against the initial 25% of the payment?
Thank you,
Best regards,
Ionut
Hi all, stopped by to let you know that Harry White and I are working on the content for his next Cineworld youtube video which is going to be a massive hit. Stay tuned.
"The Debtors seek approval, on nine days’ notice, of a backstop commitment agreement that is not designed to maximize value, but instead is crafted to effectuate a massive value transfer to members of the Ad Hoc Group—which hold 83% of the Legacy Credit Facilities—at the expense of other lenders in the same class. The Court should deny the requested relief. "
"There is no reason—let alone “sound business justification”—for the Debtors to agree to such a value-destructive transaction other than complete capitulation to the demands of a lender group that holds a blocking position in a voting class. The Bankruptcy Code, however, does not permit a debtor to buy the votes of its stakeholders with a sweetheart deal. Nor does it allow a debtor to provide unequal treatment to creditors within the same class. The Debtors do not, and
cannot, explain why members of the Ad Hoc Group are entitled to recoveries nearly seven times higher than what other lenders in the same class would receive at plan value. "
Docket 1562
We have 3 letters with the Judge and definitely got his attention. Please contribute to our effort and continue sending letters. Who will be next? Any holder still alive and kicking on this board?
https://variety.com/2023/film/news/hollywood-studios-movie-theaters-mario-air-1235579399/amp/
Hi all, I wrote to the Law Firm to inform them that our letter reached the Court. I included a link to the Docket. Hope this makes them move.