Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Maybe they do not want to throw good money after bad.
Depends on the definition of 'substantially all'
Texas two step
Unless this is an elaborate texas two way, and there is nothing else under the hood, SH will get nothing aside from the Exclusions mentioned in the most recent Plan.
How much will be leftover to the shareholders from those exclusions is still unknown. There was a theory last time on how the tax loss will not be transferrable and will be inherited by the original CINE S/H.
You can say Nav is 14BN and share has a discount 79% discount to NAV.
If SP is undevalued, a new SP will be found through price discovery.
The number of new dockets and objections is overwhelming me.
It's down 99% but it can still lose 99%.
@Wolf I do not question your stance. There is a reason the SP is 1p at the moment. I could understand if I am wrong. it will not be the first time.
That being said, there is also a reason the SP is not zero. Yet. It's 8 days til voting closes, and cine has presented their exit financing motion 'under NDA'.
It's almost over.
I do not think there is anything I can do to convince you to respect our divergence of opinions. Let us please leave it at that.
Good for you, wolf. Good for you.
I wish I am as 100% sure as wolf. Without a sliver of a doubt correct and infallible.
JohnNth,
Read who the guarantors of the RSA are.
You are the only one who subscribe to my ramblings, I am worried for you.
I keep insisting this is not an advice to buy or sell anything. Just my personal bet.
But anything they do to CINE shares/debt need to be bound by the rules. Otherwise this would be over by september last year.
He used to be the wolf of lse. Now he is just one of the bears. He's the brown one.
Just kidding wolf. :)
Can you show me which page they said they are not required to follow SEC and FCA rules at all?
The newco will be private but cineworld PLC is still publicly trading and subject to laws.
I wish every board and every investor had someone like JohnNth to give them free advice.
I wish every board and every investor had someone like JohnNth to give them free advice.
Is that another free advice?. Thanks.
JohnNth,
Do not put words in my mouth. That's for beer. I did not make any estimated valuation in the quote.
Please read the latest motion by Kamal/Patience. That is more or less what they asked for.
Thank you cloud for providing this clip. I cannot seem to make the pdf play the sounds on these dockets.
That was Kamal's motion last month. I believe the new motion asks for a counter valuation to prove that CINE is 'in the money' so shareholders committee can be formed.
Based on how this is moved to the literal end of the pile, the judge/adhoc/cine lawyers are confident they can quash it on the same day. 28 Jun.