Member Info for WolfofWarks

I see the lenders group have filed a objection to the shareholders committee and referenced the YouTube clip that was posted on here the other week confirming that creditors will not be paid and therefore shareholders cannot be in the money.

There no way the NAV is $14bn.

CW doesn’t have any assets.

Stanley - the shareholder group have valued the company at a minimum of $14bn right. Or are we saying the valuation is only $3bn when you want to buy a slice of it?

You cannot have your cake and eat it.

Sorry corporate reporting. No chance.

For anyone with half a brain it’s obvious givens the list of immovable objects in the going concern statement that contingency plans would be made for every eventuality.

Have you ever worked in a business Elvis?

Are you the mystery valuer?

Stanley - they haven’t snatched the theatres. They are owed them as they have security over them.

Your proposal below makes little commercial sense. If you believe this is worth $14bn then for a 10-15% slice you need to raise $1.4bn - $2.1bn.

The lenders will turnaround the business and IPO it in 3-5 years time would be my guess. Same as with Vue.

Mr Kioto - nothing can help turn this around. Unless you’ve got a buyer with a $6.5bn + on the table.

'If you buy a share and it goes down 7% then sell it and cut your losses. You can get back in.

If you buy a share, it goes up, you hold it and it goes down 7% from its highest price, then sell it and pocket your profits. '

PeePee - this is trading and notoriously difficult to get right imo. I hardly ever exit positions now. Only if I have complete disbelief in a company, it's offering, management, etc. Buy and long term hold has worked out much better for me.

Which Broker do you use for your shorts? How do you go about it?

Companies that run out of cash have to enter some form of bankruptcy proceedings. It doesn’t exactly need spelling out.

You’re a proper fraud, no way you’ve worked in corporate finance. Not a chance …

So you’ve been invested all this time and not even bothered to read the first day statement from the CFO.

About sums it all up really. Beggars belief.

‘Don't think it will get suspended even if administration filing rumours are true. It's still a process and there are options outlined in patients' letter, such as buying out the creditors or ideally buying some part of cineworld from them at a discounted price. This should allow to unlock equity value. What was the reason for excluding such option? Why can't the existing shareholders participate in an equity raise to buy some part of the cinema chain?’

Why on earth would the creditors agree to that? They are about to take control of the whole enterprise as they are massively out of pocket. Plus how would the shareholders raise money for even a sliver of the Newco when they believe it’s worth $14bn?

As usual Elvis you haven’t got a clue what’s going on here.

‘AIM Team will be pulling the strings with the auditors on how much Bob has to raise / ditto potentially release their audited accounts same time, cant see the AIM Team risking the share to be re- listed then be suspended again considering they need to be published within 11 weeks either way ‘

Flippin eck mate. The AIM have no say in how much a company has to raise. It’s a commercial decision the BOD.

I beg you please read the trading update in full rather than persisting with this line.

‘Turkey tho the quickest source has become horrendously expensive.’

Is this not why BH are putting pressure on the Turkish supply chain to bring prices down though?

Especially if raw material and fright costs have come down significantly?

PeePee - is a but more complicated than that. They have the best investing minds in the land. They are predicting the future share price by working out whether a stock is under or over valued and positioning themselves accordingly.

They are not sitting there looking at a graph and thinking well it's gone down so it will keeping on going down. That's momentum investing which is very hit and miss as I've played around with it myself.

PeePee giving our tips on investing when he doesn’t appear to be invested in anything. Despite making £600k on boohoo from going long at the and short at the bottom.

He’s read all these books but doesn’t know the difference between gross and net profit, free cash flow and EBITDA, thinks revenue and sales are different things, etc.

A couple of years ago he was expecting Boohoo to have to same valuation as Amazon.

Just to be clear I don't really know anything on share trading other than to buy low and sell high or at least to attempt to!

I've worked my whole life in corporate finance Elvis.

Don't poke the bear if you cannot handle when he bites back!

Exactly Broke. Then they would potentially need to raise if they had no access to the credit markets. Instead they have £300m either in the form of cash or access to the RCF if they were to pay it back down.

Elvis - you seem to be going off on a tangent. That going concern statement states quite clearly the amount of brown stuff they are in. There are no cloudy areas or efforts to cover up. You only need understand what the statement was telling or at least have read it in the first place.

Elvis - it doesn't take a genius to work out that a cash strapped company will be planning for Chapter 11. That's what business leaders do, The legacy loans were a lifeline to stop what probably should have happened two years ago if we were to be completely honest.

Always read the going concern statement - it has to be signed off by the auditors as well.

But Elvis - they outline the dire situation the company was in on multiple fronts.

Even now you appear to have your head in the sand.

Sorry for the long post there but that is the going concern statement from the 2021 annual report.