Member Info for WolfofWarks

‘ I knew for months that is could happen I am not stupid.

But until it happens you just never know do you.’

Tbf it’s nearly twelve months since CW said that wipeout was the most likely outcome for shareholders.

From that moment on the language used to explain this to shareholders become more and more severe. Those of us who tried pointing this out were filtered by the likes of RI and Patience who are now outraged.

Poor bless his soul was telling us that CW was too big to fail and the government wouldn’t let a cinema chain go to the wall before Christmas. Like it’s got the importance of British Steel or a major bank.

Turkeys voting for Xmas.

Chipstaker - they have been working on this the whole way way through with a Cine. Google it it’s well publicised.

.

Let’s not pretend PeePee was some kind of financial guru Pedro. He was the village idiot with the most sinister of intentions. Only he didn’t have the smarts to pull it off.

His MO was to repost the same simple Forrest Gump style drivel over and over again ad naseum.

He didn’t understand profit and loss, couldn’t read a balance sheet nor cash flow statement. He didn’t have a grasp of the basics. This isn’t an issue then he spent most of his days dishing out GCSE style financial advice on debt, margin, profit, working capital, etc.

Good riddance to the clown, I hope he’s found something more productive to do with his time.

‘Wolf, just out of interest, does the stock need to be cancelled in this situation before one could unlock and keep his money made from shorting? If the newco comes to market and the lenders will start losing value and their money for real (not hypothetically like now), it would be perfect time to short. My question is should I wait until the newco crumbles or try to get out a couple of weeks before that happens?’

My assumption would be that they just walk away and their position is cancelled by their broker as there is nothing left for them to return to their lender.

Mr Kioto - there is nothing to pursue. The law is what matters and the plc has assembled the best corporate lawyers in the land. Your moral and ethical point has some merit. Although I would say that someone who views these issues in this way probably shouldn’t be investing.

Or if you are going to invest at least research what your share represents what rights it gives you and more importantly what what rights you don’t have when things go bad. That way you would have been more fully prepared for this outcome at the outset when you invested in what was a very high risk situation.

‘The fight will continue in the UK courts. The only thing to do now, the only option is to STAY HARD! ‘

Please don’t pin your hopes on this mate. Although the size and scale of this failure magnifies the situation there is nothing happening here that doesn’t happen in bankruptcy proceedings every day of the week. It’s not some massive scandal, no one has stolen anything from anyone. It’s just what happens when you borrow too much without the means to lay it back in the timescales required.

Thanks for the reply Wyn. Very interesting. I’m not particularly clued up on TA but you’ve piqued my interest now because on IG I do use the four hour (one year equivalent) and RSI and nothing else. I have the moving averages as well but don’t use them to make my buy and sell decisions.

The differences is I do look at the fundamentals and story, love pouring through updates, annual reports, etc.

What I’ve been doing is like you’ve suggested is disassociating myself from the emotion of holding a stock.

Wyn - I always find your posts on TA very interesting, What’s your view on momentum investing?

I’m having a dabble with it at the moment with some success. However I’m not too sure if it’s because we have the start of an underlying bull market.

Lovely rise today

So has PeePee fecked off then?

My average is a shade over 40p so fingers crossed,

Sanctions are imposed by the government not the FCA,

Yes peepee the decent bloke who was peppering both here and the REVB board not so long ago, presumably under the influence, trying to get a rise out of both sets of posters.

Clearly :)

‘ Bulletin boards are generally best avoided as anyone well-researched is drowned out by rampers (people who pump stocks) and those who don’t accept any negative criticisms of their stock.

Bulletin boards are echo chambers and one big waste of time.’

Is this your resignation letter?

Please be so:)

‘ wolfiee.... its clear that you did not go to law school. they call people like you "lay men", which explains why you cant see the legal issues / challenges.

there is a separate board that lth's are on and are pursuing this. nature is taking its co****.

just remember, it was said that cine was hopelessly insolvent. but yet there is 32 million for the bod's. they were paid to go away without resistance.’

Mr Kioto - this post alone shows that you haven’t tried to understand even the most basics of this process. You can hang onto the cost tails of patience and his crew but they have never tried to understand either.

Dean only tuned up here recently .

I’ve seen CWWX on loads of other boards and he seems legit to me.

I ain’t being funny but what are the high court going to do?

The legal process is being followed. How can shareholders be paid before unsecured creditors? The simple answer is they can’t.

I found it astonishing how many PIs invest in shares without a clue about what they have bought and what it represents.

Limited liability is literally GCSE business studies stuff.

Oh and I do drive an electric car :)