Member Info for WolfofWarks

I’ve not thrown any toys out the pram.

I just can’t treat with people with can’t conduct themselves like adults. It makes the whole process pointless whether we agree or not.

I don’t expect you to be able to see that though.

‘ I can’t believe you are too thick not to be able to see this’

Sorry Elvis I just can’t have a sensible discussion with you. You’re too child like.

Back on ignore.

‘ My reference to General Motors was to show how equity trading motions are done in legal speak docket layout, my primary references to these was what Investec were proposing, the FCA were considering along with the multiple references in the lawyers bills but also the tax work that Ernst Young were doing that will probably end up costing $1m plus. Why would a C11 case have such significant tax analysis if it is just a “tax comp” in your view and why would Ernst Young go to HMRC to get clearance and place in the Disclosure Statement… cos it’s relevant that’s why! ’

Elvis - firstly I see you’ve taken your level of immaturity to a whole new level, congratulations.

Every bankruptcy and reorganisation has significant tax consequences that need to be advised on. You’re an account after all so you know this.

Who would have thought that companies that have been making losses over a prolonged period of time have tax assets on their balance sheet.

Tell me, where will the money come from to pay the shareholders? The creditors who are owed nearly $6bn? Are they going to stump up? Maybe the landlords can stump up or the employees. It’s Xmas maybe HMRC or the IRS have a bit of Xmas spirit going on.

I don’t use the opinion box. I don’t really recommend either unless someone says something exceptional, usually Hexam.

Everything here is supposition. I’ve certainly not posted any lies, that’s for sure.

‘Would the fact that revlon was 86% short vs CW 12% suggest, Revlon were in a much worse state than CW?’

It’s hard to say. It could be regulatory. For example in the US they have payment for order flow which apps like Robin Hood operate on. PFOF is not allowed in the UK which is why Robinhood have no presence here.

I think only certain apps in the UK allow PI shares to be used for shorts and need their agreement. I suspect it’s completely different in the US hence the high numbers.

I’d be careful gleaning too much into that stat and concentrate more on the fundamentals. I don’t know much about Revlon’s business nor the beauty industry so can’t really comment on them as a direct comparison. The debt numbers are obviously big though and like CINE they PE snd hedge funds floating round on the background.

That's been followed by today's news where the shareholder are being wiped out.

You plonker Rodney!

I'm not the font of all knowledge. But your equity trading motion on the back of the GM case because you have seen it in a legal bill, along with many other things is an absolute classic. Bet shareholders can't wait for that outcome where ... oh hang on a minute .... they got absolutely decimated.

Quite amazing reading this actually. In June 86% of Revlon's stock was borrowed short. Might help explain the surge today on the bankruptcy news. Cine at it's peak was about 12%.

It's another wipeout .....

Elvis you really should read the links if you're going to try and score points, otherwise you just look make yourself look stupid. Especially since you keep telling us you're an accountant, etc, etc, and should be a professional in all this stuff eh? I see you conveniently snook away for a week following the General Motors faux pa.

According to my IG account the price is now $57. Feel sorry for the poor suckers who bought in at the top of that spike.

Not for the first time Iulhare has proved he doesn't know what he is looking at. He even told us in his own post about the wipeout but I not sure if he has even understood this. This particular share is down 95% for the year and is about to disappear, swallowed up by its creditors - the secured ones being hedge funds and PE. Debt of $3.5bn.

Yes I'm sure the shorters are bricking it ....

'Call it what you want Hexam. The Board has a duty to ensure Argo survives, this is a unprecedented situation and running out of cash this quickly seems unrealistic like others have mentioned in recent days. You have offered your opinion on possible reasons why they have run out of money and I have offered an alternative view, what's the issue?'

in what way is this situation unprecedented?

Abzshare - you’re the first Tesla driver I’ve ever heard with anything bad to say.

DCA is a vital component of the greater fool theory.

I think on this scenario is put more faith in Warren Buffet :)

‘The argument over streaming and cinema/theatrical is also overdone the same FUD is pushed and the same responses come but I suppose it fills this BB with something other than periods of inactivity.’

FUD - it’s the cinemas that are on their ****s not the steaming companies. If you look back historically long before COVID and adjust for inflation you will see that box office income stalled twenty years ago.

More important than Cinema VS Streaming is Film VS Boxsets. That’s where the film industry is losing out which brings me back to my earlier point about the lack of originality due to all the franchising.

‘Wolf comes on to state Disney+ when he side-steps that they are reporting a $1.5 billion loss each quarter.’

Viewers don’t care about this though. I would expect streaming to make a loss for Disney for some time as they are rapidly expending whilst trying to build a decent position on the market. Disney makes $bns of dollars a year so can sustain these losses relatively easily.

That list to me is everything that is wrong with films at the moment. Sequel after sequel. Zero originality. Not reason for anyone outside the fanbois to go the flicks.

Saying that though I do love some of those films. The question is do you go the cinema when some of them will be on Disney + shortly after.

You’ve got to be reasonably old to know how to play this market on an experienced basis. Last time the macro was like this what thirty years ago?

Surely you would expect the shops to be packed in the run up to Xmas? I don’t think that particularly gives any indication of direction of travel r regards High St VS Online.

Hi poor - I would think that if they can’t raise money now then they would have little chance of a successful C11 re-organisation for the two reasons I outlined in my previous post.

Plus c11 is the last resort and is very expensive. They would need the lenders to stump up the DIP - who would that be? nydig and bond holders? That’s a big ask with the current state of the crypto space.

Even if I wanted to buy clothes on the high street I can’t as most of the high street chains for mens clothing have shut in my town.

We’ve got next, super dry, fat face and a couple of independents.

Covid ended as a concern the moment people were asked to pay for their own tests.