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Thanks Binksy. Interesting. June and July are loaded. An extension for legal wranglings past then could just turn a blinder.

Anyone know which are the biggest movies out in the next month or so?

Everything’s so flat out there. Clear market bottom in my view. If this hasn’t triple bagged by the end of May, I’ll eat my hat. And drink some of Modern Water’s polluted samples.

PS I tittered at the sudden arrival of Poor onto the DVRG forum, where I was ploughing cash in yesterday. A more solid upside punt over there, but still, small world.

I’m invested here so I’m all for excitement, but are any of these dockets defending shareholders? From I can see this is creditors in tiers well above shareholders fighting amongst themselves. Readjustments in favour of these complainants wouldn’t directly affect the outcome for shareholders at all in my view.

BUT there’s always been a suspicion from day 1, many months ago, that the plunge into chapter 11 might just be a time-stretching manoeuvre, hoping that a full cinema recovery has taken place by the time of the endgame. My hope is that the legal wranglings of all these warring parties extends the process for so long that hefty profits lift the company valuation high enough to benefit shareholders. Who knows. These chapter 11s have been known to take far far longer than this current “expeditious” timeline. Any legal wranglings could prolong this process massively. Here’s hoping…

And an extremely solid RNS just now. Well clarified. I’m feeling comfortable. KAM, we’ll see who was right in time. I’ll be happy to own up that I was wrong and threw away my money if that turns out to be the case. Hope you do the same if we fly up from here.

KAM, you need stronger grounds for a suspension than you’re worried that some people might see an upside and end up losing money. By that token we should have suspended the whole FTSE250 in August 2021 because it’s 20% down since then. The stock market is a free market. If DVRG came out and said they were liquidating the company then that’s fairer grounds for a suspension.

KAM, when did you buy and when did you sell?

Ok so you’ve sold out and hope you didn’t bail too soon, therefore you’re remaining on the forum to deramp and bring the share price down?

KAM, I see you were also calling for a suspension back in November. What’s your position/holding/shorting?

They won’t. It’s being done by settlement as per the MSYS RNS as far as I remember. And it’s not in MSYS’s interest to collapse such a close partner.

Marvellous. Good luck to us. I’m considering this final input a limit-order-less injection… let it run… smile large in 5 years…

Newuncle, trade financing:
Let’s say the buyer can’t or won’t put the cash upfront for their order. And let’s say that DVRG can’t deliver their order until they have more cash available. A middle-man provides that cash in advance. At a cost. But potentially a worthwhile cost to get the gears accelerating and bring in more contracts.

Chris… I succumbed…
Well I may rue this day but just dipped another 5k in. Anyone else care to follow me deeper into the pit?

For what it’s worth, my positives and negatives….

Positives… The revenue hasn’t all disappeared, it was accounted for in the wrong year. New contracts expected imminently, in the words of the person who’s been honest about this shambles. Trade financing being considered, which could bring forward the needed cash if the new contracts are sizeable enough. Upside enormous potentially.

Negatives… Current cash “SHOULD” be enough for company to continue as a going concern…. i.e. possibility of imminent collapse. Everything else. Tired of hot air. Elizabeth Holmes springs to mind.

Agreed. But ugh it’s so tempting. My sadomasochistic side is hammering me right now. Devil whispering in the ear.

What organisations?

PS 70% is nothing in these circs. Just head on over to Amigo to see what's happening there today.

Stupmy, the RNSs state that the PROPOSED plan wipes shareholders out. That plan has been proposed by creditors, who obviously want to wipe shareholders out so that they retain as large a slice as possible. Not everyone has signed off yet, and once they do it will still be in the hands of the judge to decide. The judge can make his own decision and he has some history of being sympathetic to shareholders. Theoretically anything can happen, but this is of course a massive punt, hence the volatility.

“If GB isn't popular at least his wife knows what she is doing.” — I wouldn’t bet on it. I followed her into this mess after she ploughed a pile of money in. How much has that holding of hers lost since then?