Member Info for WaffenBurret

I’m here and have been for two years infact, since 6p. Just want a printed record for posterity so I can refer others to it when the good news comes and this stock explodes off the scale.

I already left the last climb to almost 20p on the table (doh) as I expected something a tad more explosive. ( Always a hazard of investing not trading )

Thanks for all the tested info on this board - like a loan-free degree really.

13/04/23 WB.

Seriously. But not really bothered as it was a careless flutter atop my lth.

GLA.

I feel that the RNS target date might be based upon an agreed date with AA, zim Gov and cadastre resolutions, so probably the full term?

Won’t hold them to it though.

Tegop, I always felt that the statement was intended for the press as part of a campaign to get lenders round the table and also to jinx the as yet undecided proposal. It’s careful positioning imv as I don’t believe the current BOD really want to relinquish their positions - family business and all, (which is the one point of interest in the CMC article).
I’m still not convinced this is the truly favoured outcome. More time is being bought by playing by the rules (the proposal can run into difficulties). Meanwhile the recovery continues and Cineworld becomes more attractive. Cineplex also still on the table. “Largest Cinema chain in the US” is a juicy target, not to be ignored.

Nothing black and white - unless you’re an accountant.

That catchy CMC article is not saying anything useful that we don’t already know. Spread Betters are not great advisors. Nor are their promo mags, though they may be happy to take shorters’ money.
(If indeed they are offering the instrument - I haven’t checked - but that might tell you what they really do ‘expect’.)

However, stranger things have happened, there could still be a surprise latent offer for Cineworld’s assets. However, one requires a siege mentality to remain holding (not too much) of this stock, so as not to worry or lose sleep over it.
The situation may look bleak, but that’s exactly when…. When one least expects it?

Some small gambles can make a lot of money. if it is eg: 20/1 against, it still could wind up filling many bags.

The substance for this POV? A sea change in the movie industry leads to a vertical integration deal with a studio owner. Q: When might this happen? A: When this company is on its knees, facing ‘expected’ C7 and all other ‘expected’ options look to be dead in the water, inc. failed/rejected RSA proposal (desperate lenders) That’s when a (dark) knight could pounce in this chess game. When there is nowhere else to go. There’s still quite a lot of time.

Siege mentality required.

Only my view - GLA

But the opposite may well happen as BTC consolidates and prepares its next leg up.
Looking more likely.

Room 1.01 here we come.
It’s taken a while but we are actually there now!

Let’s all make up a story, Squid.

The cineplex deal was scuppered by Cineworld precisely because of the onset of Covid and the realisation that revenues were no longer going to meet the new golden age projections to pay for the deal. All borrowing was based on future revenues. Otherwise the deal would likely have gone ahead, making Cineworld the largest Cinema chain in N.America, bringing with it savings and increased pricing powers. Look at the dates:

“On 16 December 2019, Cineworld announced its proposed acquisition of Cineplex Entertainment—Canada's largest cinema chain—for approximately US$2.1 billion. Cineworld planned to integrate its operations with Regal to achieve cost and revenue synergies, and maintain the Cineplex branding for the Canadian operations. This would have made it North America's largest cinema chain.[31] The deal was approved by shareholders in February 2020.[32] On 12 June 2020, however, Cineworld would terminate the purchase agreement due to alleged "material adverse effect and breaches" by Cineplex.”
https://en.wikipedia.org/wiki/Cineworld

“ALLEGED”.

But It ain’t over yet. Every new snippet of recovery is there to be considered by judge Marvin.
Proffered Projections and rough numbers are going to look a little questionable as the days roll by and the case for this proposed restructuring begins to look just a little odd.

The (delayed) new golden age is resuming.

The penny is dropping.

Even Parochials might get it - eventually.

Hold on to your hats!

AIMHO GLA

Bravo Patience. Mooky won’t like it as it gives Judge Marvin something more to consider.

Excellent work!

Here’s hoping.

That’s the diff wolfie. I’ll wait for official info, esp. deliberations from Hon. Marvin Isgur.
That will decide what happens next. Not smug pretence from amateur sleuths and shorters.
You have a chance of being right, but so do I and others.

If as you say you aren’t invested, then you’re stating that you enjoy being unkind to those who are by relentlessly posting how RIGHT you are. Hope you enjoy your victory - IF?

The gamble continues… I made my decision when I first bought these in Oct and I’m sticking to my original position. Box office recovery and solid slate looking promising.

Getting back to the actual situation in hand. I’m wondering:
- Why no H2 2022 figs as yet - last year was released March 17?
- When do we hear results of final bids for RoW? I thought it was to be April 10?
Were these rescheduled? Anyone?

Your friendly tortoise.

We’ve discussed this before and you agreed that the official figures will be provided when they re released through the correct regulatory channels, later this year?

Where are your numbers coming from? A mix of unaudited, incomplete dockets and Projections. There’s no knowing their (in)accuracy until such time. Presumably, AFTER a decision over the current Proposed RSA.

All recent financial reports are unaudited, orchestrated and patchy. They do not present the actual situation but rather, one that will support the ‘PROPOSAL’ We will only know the real figures in August for end of 2022 and September for H12023.
Therefore you are falling into the trap of making stuff up on the hoof to support your ego.

At least Poor investor is open to an either way bet. Hexham, and lassie etc, are resolute that it’s going only one way which is impossible to know at this stage. There’s no certainty. The judge may not have made up his mind. There might be more certainty at 7am tomorrow, but probably not until 20th. Until then, we are in limbo.
Only people with vested interests and clairvoyants will spend hours on here declaring one-way-absolutism before time.

I suggest: Beware of groupthink. Look at the bigger picture. Get REAL.
Debt COSTS can change, interest rates can drop, money can get cheaper and box office can grow immensely, exhibition percentages can be altered, many things that we do not know can affect the judges opinion on this UNAPPROVED PLAN. Cineplex will certainly be making noises.
The Hon. Marvin Isgur is highly experienced, 4000 bankruptcy cases, etc, check him out. He won’t be hoodwinked by a broadside announcements like many commentators here.

There is a campaign being managed to get this plan approved. Meanwhile there is a silent reality giving birth to a potential, genuinely prosperous, recovery. I’m sure a judge will be weighing this up when he considers the absence of any concessions for ALL lenders/creditors and, yes, good gracious, even SHAREHOLDERS.

Unofficial Numbers lie. (Just as ‘bounded logic’ is not the reality (see Gödel)).

There are three types of accountant, those that can add up and those that can’t.

https://www.bbc.co.uk/news/business-65237286

GLA.

added @1.57

Whose house - Our house?

“Group think+ plus” opportunity today, imo.

Remember, no controversy, no market.

GLA.

“It also states that if the plan is not approved then the most likely outcome is then liquidation.”

Well, they would say that wouldn’t they? Hardly likely to say, “if plan is rejected we will make a better offer to all stakeholders, and upgrade our forecasts to reflect the continued recovery taking place in the industry”.

Yes, RoW def worth more than a paltry 500M imv, Tegop.

Recovery continues as predicted: I remain long. We have no way of knowing ACTUAL figures until it is too late to act.
NOTE: “Nothing in the Cleansing Materials is intended to be a reliable prediction of future events for any period “. P1.
Those docs are littered with these kinds of prevarications, clauses, sub-clauses and sophistry.
A leaky long-winded PROPOSAL imo, and I expect the judge to see through it and reject it, in parts, on techs, maybe in favour of shareholders. Perhaps for a reason not considered. It won’t be about the figures but the legal principles, jurisprudence and ‘seen to be’ fairness.

My holding here remains a GAMBLE until decreed. There’s no other way. .
There are unknown unknowns and I therefore feel it is pointless to engage in the patchwork of numbers and ‘guesstimate projections’ being debated on here except that there seems to be an exciting recovery taking place in the market and a likely sea-change evolving in the industry - IMO.

So I remain invested for reasons I have previously stated in earlier posts.

There are fixed dates but there will be extensions and conditions, and there are external interests lingering in the shadows which could suddenly alter the outcome.
Eg: There are extremely ‘uninterested’ other parties.
Not being conspiratorial - this is business and the current proposal is part of the hardball negotiating which includes attempts to skew and twist the outcome - to make it seem inevitable.

I’m not going to base my decision on the rough conclusions and knowitall anccounting arrived at on this board but on the price action (probably like everyone else) and the chess game being playing out.

I will wait for the actual outcome and, ultimately ‘expect’ to be rewarded. As I do not have the prescience to time it I will stay with the long game. Wishing all GENUINE holders here the best of luck with their determination and resolve.

GLA

The Soros school of Reflexive Investing would state that, due to your incorrigible enthusiasms and estimations of an ever-rising share price, the sp will now slide to 0.83p next week. However, my making that observation will now mitigate the drop by some percentage of confusion to 0.90p.

Further ramping will ensue, thus lowering the price a bit further before…. And on it goes,….

But then news will splash and some other over-reactionary price-rise will occur for all of you to sell into.

Might as well come back in a month and see how it has all panned, exciting though the noise all is.

@wolfe:

“the company isn’t going out of business. In fact there’s a decent chance it will recover if the the latest projections come into fruition .”

Funny, because your general view has been that the box office would not even cover the debt interest.
Now, looking at proposed figs, it would seem they might

“The problem is the price has to be paid to erase the debt before that happens.”

This is the question the Judge will now have to consider and whether it is a fair way to unwind the overhang.

Funny, because your general view was that it was going out of business.

This does not look like a company going out of business. It appears to be employing bankruptcy law, using shareholders as ballast to throw out of the basket in order to help bounce a recovery.

We still await actual figures to bear this out, although it looks as if projections available to the Judge will increasingly support this perspective.

I’m still not entirely convinced that this is the outcome Mooky truly wants.

My belief and my hope is that the Honorable Marvin Isgur, will see through it and block it.
I’m sure he will appreciate receiving strong concerns from shareholders to help him arrive at his decision.

+ final bids and potential sale of RoW to come.

All credit and respect to @patiencebringsit , RI22, Tatulum and other supporting LTHs.
Wish you the best in your battle to retrieve better %s holdings.

GLA!!

I am beginning to consider.
Could these be reasons why? :

https://tradingeconomics.com/commodity/lithium

Lithium carbonate prices plummeted by 55% year-to-date to under CNY 223,000 per tonne in early April, the lowest in nearly 16 months, as robust output and low demand continued to raise expectations of a supply surplus this year.

https://www.mining.com/web/bhps-exploration-accelerator-to-open-to-uranium-lithium-finds/

BHP CEO Mike Henry has maintained that the world’s biggest miner has no appetite for lithium, because its relative abundance made it impossible to gain a strategic position in a long-life, low-cost deposit.

The excitement around lithium seems to be waning. However, Prem has a few other tricks up its sleeve such as Gold, Tungsten and Potash. I still see this as great long term investment and comfortable with my weighting, so won’t be selling any time soon.

Any thoughts?