Member Info for Tegop

Who doesn't like an underdog story.

This is Project Busby, coincidentally a movie from 2019. Read the synopsis.

Funny enough, I think thet have a magic wand. It can be seen even on the last RNS. I bought more and have close to 400k shares now. I am not kidding.

It looks like they had to make a correction on the previous RNS. Notice what has been removed.

I am long too as I see ROW selling for more as it punches above its weight based on the cleansing documents.

Maybe they have a slightly different opinion and a different idea of a plan to move forward.

People can just be different and can be on different circumstances.

Aside from Bluebuxton, I do not think anyone else will.

There is renewed diligence from those who seek legal action, it is very likely some of them will attend.

ROW can be sold, subject to Lenders agreeing, and there is no 'expected recovery'.

They said the Takeover code does not apply because they are only selling/losing assets. Not the parent company itself. There is no mention of a shareholder vote, but there will be an AGM.

The main borrower in the DIP and the RSA is Crown US(Regal)

UK side will be sorted(dealt with) in an ancillary proceeding afterwards.

This has been interesting for two years. With the extension approved, it will be interesting for a few months more.

@Maidit

You need to see everything in front you and decide based on all available info. Otherwise you will be blindsided. I came to my conclusion after reading through the dockets, RSA and RNS.

Chances are slim but I will take it. Make no mistake, I am long and will buy more when I see fit.

@BB, I also think we will get something if the offer is significantly higher than 271M. But if they sell while C11 is happening, we will not get a vote on the matter. Even if it is outside 363 due to the terms of the ROW Loan Facility.

I am sorry for your situation and I sincerely hope it gets better for you. Sadly, recovering into the double digits is probably out of the picture.

I agree. I'd rather buy more shares than give my money to lawyers. Cine is already doing it for us anyway.

I am sure Lehman SH have recovered after the ensuing bull market post financial crisis.

I was with you digesting the RSA. On the contrary, I became more resolved on riding this through. I will not elaborate on why.

As everyone has been saying, nothing on the horizon assures suspension of trading. CINE got the extension they asked for and the ball continues to roll. The average C11 takes 17 months to resolve if it does not convert to C7.

CINE is now getting smaller and smaller in my portfolio but I intend to hold.

You clearly are not from wallstreetbets.

You confound me Maidit. I have oceanpassage filtered so I do not see his posts.

On the contrary, I maintain a Long position of now 280k Shares.

Yes, I bought more this week. But not because I think a class action lawsuit makes sense.

We shall gladly take your sacrifice.

On a more serious note, i am still optimistic that some other alternative happening. I will rather buy more shares than throw it into a lawyers pocket.

Repeat after me:

No expected recovery.

Which page is it?