Member Info for WolfofWarks

I never said it was right. Just what it was. The main thing that I was pointing out was that he wasn’t part of the 7.5% management scheme.

With regards to the level of pay it’s hard to make any comment on it without seeing his service agreement. I remember him and the board offering themselves very generous pay and bonus scheme a couple of years back though.

OK poor - I’ll put it another easier way. Why would a judge throw it out?

It’s compensation for loss of office.

John Nth - I remember you being a huge bear winding posters up not so long ago.

Poor - he obviously knows the group inside out. You need to transition over to new management in complex businesses. You can’t just flick a switch.

'Pinning my hopes on what?

Again off topic.'

Answer the question please.

'Mookster secured himself a payout of 7.5p per share solely based on his shareholding. He will add nothing to Newco except not make their life difficult. He secured a bit for his CFO cos he knows what fiddles he was up to so the payout keeps CFO sweet and onside. '

That's not true though is it. He's not even on the new board and is only being retained as a consultant to aid the transition.

HH - according to IG meeting is 7th August

I've just had my voting form through from IG.

Voted for Alistair and Neil in and Bob, Liz and the other dude out.

'For crying out loud. This is where me and you wolf, we start having problems. You never seem to understand. You go straight off the topic. Who has said the deal will get thrown out?? '

How was that off topic? I think the problem here is you think the administration is the grand finale where the truth is it's a little add one process required at the end because the Plc is registered in the UK. Most of the assets that are bankrupt are registered outside of the UK. Most of the creditors and debtors are outside of the UK. The UK registration is a brass plaque on a wall somewhere in London.

Now please tell me the legal basis on which you are pinning your hopes?

What a way to spend a life eh?

I’ve gone balls out and renewed variable. No point fixing at the top imo.

Plus you have unlimited overpayments then.

We are waiting for the famed investor Poor to tell us.

I suspect it's probably 50/50, toss of a coin and everything to play for.

Poor - there's far more information than in the RNSs. There's a blow by blow account in the court dockets. I think that's the probably you are basing your hopes on what might happen on a summary view. The devil is in the detail.

Can you explain to me on what reasonable legal basis an insolvency practitioner in the UK can throw out a deal that is backed by 99% of the affected creditors and signed off by a US judge. In order to give shareholders something who are not legally entitled to anything? A deal that saves tens of thousands of jobs and allows the company, which is in a industry that is totally fecked, to continue as a going concern.

'And the mookster. Not only he got $32m, but had a hand in the till for the past 12 months as CINE is also a cash business.'

He's lost a fortune giving he owned 20%.

The only problem I see in keep increasing the rates is that is doesn't seem to be having the intended impact and core inflation should start dropping quite dramatically in the next few months of it's own accord.

Well I've only come back here recently so I can assure you I don't need ten bags.

Why do you let T4G live in your head rent free? This isn't a particularly interesting share to follow. Haven't you got anything better to do with your life than troll people? At least PeePee attempts to have a chat about the business.

Tragic really.

‘ @t4s you're sounding repetitive. what proof do you have of pp1's investments?’

He doesn’t appear to have any despite spewing his new learnings all over us on a daily basis.

Come on PeePee what you been buying this week? Why the big secret?

Boo was up well before the US days was released. Shares will always surge after a bad week.

Poor - there is on hitch in the C11. The plan has been signed off by a judge and has the backing of 99% of lenders. Everything is procedural now.

‘ If you think that any directors can legally transfer all assets out of a business for zero consideration without shareholder approval then I will, I think, have something of whatever you are smoking sir’

Basic - What you have to understand is that the minute they entered C11 shareholders lost any say they had on the affairs of Cine. The company was handed over to the supervisory control of the courts.

The assets are not being handed over the zero consideration. They are being transferred in order to clear down billions of debt. The lenders are losing a future from this deal as well.

The only people who are coming out of this smelling of roses are the lawyers.

I'll have some of what you guys are smoking. All that work has already happened the future of the company has been confirmed via the C11. All assets will move and the administration will involve winding down what is effectively an empty company.

I'm not sure how much more simply it can be put. The administration will not touch the trading operation as it will be gone.

Does it have to be suspended? This is all in the procedural stage now, it's a formality. The big piece of work is done. Winding down the Plc is just tying up the loose ends right?

Yep - the ethics quite often go out the window with young folk when the reality sits in.

Saw a great video the other day of some Just Stop Oil protesters getting into their Daddy's Range Rover after a hard days protesting.