Member Info for Tegop

Say the Sun will rise tomorrow and Wolf will deny it if it is positive for CINE.

Cost to borrow depends on the SP. At the current rate divided by 365, it costs 0.0001£ or 0.01p to short 1 cine share per day.

Wolf will Spin anything to be negative. That is just how he is.

Anyone notice the latest docket selling a site in Georgia for 1.5M?

It is way too early for offers to be out unless one was prepared even before C11. It is just 3 weeks ago that they stated they will consider selling if a transaction exists.

Probably revoking the stay from litigation that thr CINE BOD is hanging on versus NCMI.

Between now and end of Q1 2023. They did say they will give an update before year ends, but I am skeptic of that.

It would still be legal unless HNS uses that information to make money in the stock market.

I will give Ian the benefit of the doubt that he also knows something we don't. (Or misunderstands something). There is no other explanation to his brimming optimism.

"We are still moving expeditiously and could sell if a transaction exists," Marcus told the court, adding Cineworld plans to present a plan to the court in the weeks ahead leading up to the end of the year.

https://www.costar.com/article/667602749/cineworld-approved-to-tap-1-billion-fund-after-settling-with-landlords-lenders

https://news.bloomberglaw.com/bankruptcy-law/cineworld-gets-ok-to-borrow-150-million-following-creditor-deal

I can now conclude wolf is working as hard, if not harder than Mcmanus. I hope both of them are paid well.

We are not here to convince you of anything wolf. You obviously made your mind ages ago. All you need now is put your money where your mouth is.

I guess i have to post what financial distress means, or why they are even interested with the law in the first place?

Did you read about the examples? None of them advocated a wipeout of the shareholders.

A bit of followup on the Takeover code derogations for companies in financial distress:

https://www.pinsentmasons.com/out-law/analysis/takeover-code-financial-distress

They were discussing that as late as 31/10/2022.

Elon is currently number 3. Also, if TSLA price hype reverts to the mean, he will drop like an anchor.

Unlike Ian who is extremely optimistic, or Wolf who knows absolutely for certain that this is going to zero(short it brah). A lot of people here thinks it can go anywhere in the middle. The SP still reflects that.

As I pasted, the takeover code, like the EU counterpart, prevents shareholders being shafted if a buy offer is presented to the BOD. Will the fact that the case is in texas affect the possible offers?
What can shareholders do if Mooky decides to shaft everyone and get warrants for himself and his family (in a hypothetical newco) at the expense of everyone else?

Will they just takeover / sell Regal because that is the part under US Jurisdiction? Did wolf read this far into my post? Nobody knows for sure. Except wolf.

The code is designed principally to ensure that shareholders are treated fairly and are not denied an opportunity to decide on the merits of a takeover and that shareholders of the same class are afforded equivalent treatment by an offeror. The code also provides an orderly framework within which takeovers are conducted

We are looking at 18 day old bills from lawyers. Some are up to 2 months old.

The list of options provided with the DIP agreement ruling is fresher than any of those.

It is important to check what date those conversations take place. One example is this:

31/10/2022 Ella Fennelly Looking into examples of Takeover Code
derogations for companies in financial distress.
2:00 £395 £790.00
31/10/2022 Ella Fennelly Looking into calculation of distributable reserves and
potential for generating reserves via a reduction of
capital.

He is probably talking about the bill from the lawyers. Nothing new even in the latest bill. Aside from the millions Cine has to pay for a few phone calls.

It makes sense for netflix to recoup their movie spending from theatre screenings instead if making every subscriber pay for every movie they havent watched.

Hopefully it makes a dent on the estimates.