Member Info for WolfofWarks

I’m booked in for tomorrow 12.30pm.

HC - I gave up on my SNG the other month and sold at a 90% loss.

Chapter 11’s commonly end up with newco as this absolves then of the prior debts in the old company, and the creditors would have voted for the new restructuring as part of the deal that is being put together and have their stake in the new entity going forward.

So in the case of Cineworld the CP claim would fall away.

How much equity Mooky gets in the new company is dependant on what stake existing shareholders get (if any) and how much the new owners want him at the helm going forward and whether their is any management stake in it for him.

I still suspect he will come out of this smelling of roses.

Super Mario is coming out in April. My lad’s well excited.

It’s def 3rd Feb. I saw an advert for it earlier.

That was all in place pre-transaction though Poor. It's nothing to do with the sale.

We don't know the terms of this new refinancing relative to the old financing. let alone the hosting costs. Between that and not releasing the accounts so one has a clue what's going on other than they have lived another day.

'- costs lowered for profitability.'

To be fair thats yet to be established. I'm assuming the costs of Galaxy hosting the machines in helios will be significant. Blubay was suggesting yesterday that Galaxy were providing the headcount as well.

Do we know that for a fact?

Poor you been buying miners off Dellboy and Rodney lol.

The reason miners are so cheap is because mining cannot be done profitably at the moment therefore there is an excess of supply. Basic economics.

If it comes down much further I'll be buying more.

With a PE of 36 it isn't expensive anymore, it's still a massive growth company.

Everyone else is still trying to play catch up while making ICE.

Opulentia - The interest rates and inflation were the first major catalysts on the crypto and growth stocks being torn apart.

Is that right? That’s really interesting if true as I always think all the marvel, bond, Star Wars, etc, are more tailored towards men. Obviously that line is more blurred now.

Bottom line - the final call will be made by the creditors.

I can see Mooky having a slice of newco myself especially if they want him to run it.

It makes perfect sense and they should have done a sale and leaseback when the building was complete.

Long term capital wasted when it could have been put to use to fund growth and now it’s been sold on the fly to clear down part of the debt.

Agree with Malik - they clearly haven’t cleared down the loan notes. Only the debt owed to the companies stated.

It’s weasel wording that creates the confusion.

It’s funny when you look at the inflation adjusted all time box office takings two of the three top films - Gone with the wind and Titanic - are predominantly for the female audience.

Are the film makers missing a trick here?

Poor it's still heavenly indebted and cannot carry out its core operation at a profit.

Whether this lives or dies depends on the resurgence of btc which doesn't look likely anytime soon in the current economy.

So then it becomes a question of how long can they last, after today .... a bit longer.

The thing to look out for now is rent vs depreciation. It may have just become more difficult to mine btc profitably. It's great that they live another day but this may just be kicking the can down the road with etc where it is at the moment.

Fair play to those with the balls to have a punt.

They were constantly trimming Tesla is it kept breaching their holdings limit. Some days it was going up 15% with no news.

I've just realised SMIT is Scottish Mortgage lol.

The problem with most of the memo stocks is they are not very good businesses which is why they were being shorted to an inch of their lives. You can't polish a turd and fundamentals always win out. I've been buying the US growth stocks that are being battered at the moment but bit by bit - companies like Apple (I'm a long term holder) and Nvidia which are strong businesses and then then companies like Crowdstrike and Splunk which are in strong positions in potentially high growth areas.

Have a look at how well Scottish Mortgage Trust did during 20/21. They were in all the big growths names before that particular boom - Tesla, Apple, Moderna, Zoom, etc.

Tesla has split twice since I've owned them. The first was in the summer of 2020.