Judge thought o Sullivan dishonest!10 Aug 2017 01:39
A little background on Patrick o Sullivan from 2014 and his link to the cinemas at the oddyssey building in Belfast. The cinema has always been owned by Village Cinemas, and was only leased to Vue, then Storm. It is now operated directly by Village Cinemas. (The licence is in the name of Village-Theatres 3 Ltd). This is despite news reports in May 2006 stating that Storm Cinemas had bought the multiplex outright for €7m, but supported by news reports in February 2010 that Patrick O'Sullivan, owner of Storm Cinemas, was trying to get his lease annulled because the previous operator had failed to disclose loud music and vibrations from a nearby bar and nightclub that had led to complaints from cinemagoers! The case was decided against him, the "judge remarking that Mr O'Sullivan was using this issue as a ploy to get out of his contract". So it seems clear that Storm never owned the cinema, which is now operated directly by Village Cinemas. (In April 2008 Entertainment Enterprises Group and Odeon had acquired the other Storm cinemas, all situated in Ireland.
The judge wasn't fooled by o Sullivan. Shareholders won't be fooled by o Sullivan as it has emerged that it was always a ploy to gain control of Conroy Gold by the back door without paying a fair price for it.