Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Studios are "NOW TALKING" to Blockbuster again
https://blockbuster.dk/premium-vod
While cinemas keep closed to minimize the spread of COVID-19, some movie companies have decided that movies that should have been in cinema now can instead be seen as streaming. It is the individual film companies that determine the terms on which Blockbuster must make the films available. Therefore, some films will only be available for rent, while others will only be available for purchase, and some films will have a higher price than our normal prices. This is because the films were made available for streaming earlier than originally agreed between producers, film companies, distributors and cinemas. Therefore, there are more rightholders that need to be taken into account, which causes the price to rise. For the same reason, unfortunately, you cannot use clip cards or gift codes on the cinematic premiere films.
Why are the movies so expensive?
Because the film company behind the first cinematic films has decided to take a higher price for the films than usual. Therefore, the retail price of the first films will be equal to the price of approx. 2 cinema tickets.
Do cinematic current films always become more expensive?
Making cinematic current films available as streaming is a new move, and ideally this will find a more normal price tag on upcoming releases, but it's unknown.
Why are movie-only films for rent only and not for purchase?
The film companies decide which products they make available for Blockbuster to offer to the customers, and unfortunately the first cinematic titles are only available for rent. One can hope for upcoming cinematic releases to be purchased, so you have the films permanently in your collection at Blockbuster.
Do all movies from the cinema now come simultaneously on Blockbuster?
Unfortunately no. Due to the Corona virus, this is a special situation, but it is hoped that the film companies will stick to this action when everything is normal again.
How long can I watch the movies?
The movies are for rent, so they are in your collection for 48 hours from the time you first started playing. You can watch the movies as much as you like during the rental period. - Remember that you have 30 days to start your rented movies and that rented movies can also be downloaded on iOS and AndroidOS.
Last Blockbuster Trailer
The Last Blockbuster Official Trailer
Blastoff Time - MAYBE?
Six new applications. Way to go Blockbuster. Looks like we are in for some Blockbuster Entertainment soon.
https://uspto.report/company/Blockbuster+L.L.C.
I can enjoy a laugh at that BUT.....
He may have blew his load a lil earlier than he wanted but any smart investor HEDGES.
His fruit is coming. I am just here for the ride.
Time will tell my friend. Icahn WILL win!
Time will tell my friend. Icahn WILL win!
TRY AGAIN
What is Carl Icahn hoping to gain from investing in Blockbuster's debt?
https://www.thestreet.com/story/10870872/1/carl-icahns-blockbuster-bet.html
The $700M+ is CONVERTIBLE DEBT
DEBT TO EQUITY SWAP BABY
Convertible debentures also allow investors to participate in share price appreciation as debentures are converted into shares. The number of shares received for each debenture is determined at the time of issue and provided in the prospectus.
Value is currently fragmented between a BOAT LOAD OF SHELLS in play. They just need a BUCKET to be placed in.
PVOD = Premium Video on Demand
This is the solution that is being proposed between the studios and the theaters. Right now, no streaming provider offers this type of content.
Hope this helps. Let me know if yo u have any other questions. Cheers.
Money is OWED to STUDIOS & ICAHN
Icahn made that statement when he was invested in the common shares. Guess what he did as he was making that statement? He was converting his shares into debt.
Hmmmmm, why would he do that and make that statement?
Icahn WILL be getting paid shortly.
DO you really think Icahn is going to let almost $1B just DIE?
Do you really think this stays buried? Wanna make a side bet?
We are still trading because of the following......
1. The $240M+ NOLs are attached to the shares.
2. Debt to equity is coming. What is $700M+ in debt when you can convert it to equity.
3. 1B shares authorized; 242M+ outstanding. Issue the remaining.
4. What are they repriced at?
5. Studios need and want this as they own some of the debt
6. Theaters are scared
7. Blockbuster is needed as a vehicle to usher in PVOD
And so many others......
DO OR DIE: FINRA CANCELLATION or APPEAL
I can accept both. All I am saying is the conclusive evidence shows the latter. Cheers.
SEXIEST 7yr SHELL on the MARKET
Today is day 21 after the chap 7 trustee has been discharged. FINRA by law has to cancel shares that are trading once the trustee has been discharged.
The ONLY way that the shares don't get CANCELLED is an APPEAL by the debtor, creditor, trustee or the court ordered trustee.
I do have to tell you that this company was technically in Chapt 7 and would be the FIRST to ever restructure with the common shares intact.
THe ONLY reason why the shares will be intact is because of $242M in NOLs (net operating losses)
Also, there is BOND coupon in play that are attached to the shares
http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?symbol=DISH4432822&ticker=FDISH4432822
The man in charge is Carl Icahn.
"And of course Ichan has the majority of bonds and because of that the voting rights,. NOLs must remain intact of course so at this point there is only one way this leaves Chapter 7 with out delisting. You simply make agreement with the bond holders and pay the remaining debt. It really is that simple and completely legal."
The shell I am talking about is BLIAQ and BLIBQ
aka BB Liquidating Inc dka Blockbuster Inc
Good luck all.
*****Full disclosure: I own over 1M shares between BLIAQ/BLIBQ and have been involved with Blockbuster over the last decade. I have studied and consulted with the best BK lawyers and attorneys to figure everything out with this case.
Grab some popcorn.....Enjoy the show
Studios/Theaters Fighting Over Theatrical Windows
Warner Bros interested in offering a PVOD.
http://marketrealist.com/2017/07/how-does-time-warner-view-premium-video-on-demand-services/
Will the REAL MOVIE KING Return?
Disney says PVOD is Worth 2-3x then Tickets
http://www.barrons.com/articles/disney-whats-worth-more-than-a-movie-ticket-1499264529
No NEWS is "GOOD NEWS"
Finra by law has to cancel the shares after day 21 unless an APPEAL is made. Today is day 21 btw
What PARTNERSHIPS will be ANNOUNCED?
What ANNOUNCEMENTS will be MADE?
Dish Earnings on August 3, 2017
COINCIDENCE? - Day 21 is on a FRIDAY
Today is Day 21 - To APPEAL or NOT
Ill tell you why - BC Icahn Runs Everything
TELL ME WHY THEY ARE STILL TRADING
FINRA HELP Please! Need some INSIGHTS for BLIAQ.
Hey guys,
I am wondering if anyone has ever owned a Chap 7 stock that the trustee was discharged and the shares were cancelled immediately.
My questions:
-How soon do they (FIRNA) announce after the trustee has been discharged? I was told 10-21 days. Today is day 17 (biz days) or day 25
-Will I be able to search FINRA to find out that they cancelled this equity?
-Will FINRA issue a press release?
-What if an APPEAL is filed before cancellation happens?
$BLIAQ - 100x Bagger - Join Icahn
-Out of BK
-Trustee discharged
-Debt for equity swap coming
-$242M in NOLs
-APPEAL is coming as FINRA legally has to cancel shares after 10-21 days after the trustee has been discharged June 29, 2017.
-Bonds are in play
-700M+ shares can issued
This is one hell of a lottery ticket.
Disclosure - I have roughly $10k invested between BLIAQ/BLIBQ; no joke.
$BLIAQ - 100x Bagger - Join Icahn
-Out of BK
-Trustee discharged
-Debt for equity swap coming
-$242M in NOLs
-APPEAL is coming as FINRA legally has to cancel shares after 10-21 days after the trustee has been discharged June 29, 2017.
-Bonds are in play
-700M+ shares can issued
This is one hell of a lottery ticket.
Disclosure - I have roughly $10k invested between BLIAQ/BLIBQ; no joke.
Keep UP - They have "EXITED" Chap 7
NOLs are still in play only if the shares survive.
Appeal is coming or FINRA cancels our shares. Lets see what happens.
Because you can't SCREW the OLD Shareholders....
We the shareholders are the signing officer to the private company Blockbuster LLC.
Our original assets are sitting in a trust within the LLC.
We the SHAREHOLDERS DESERVE the WORLD. We have been beaten for the last 7 years.
BUT.....we knew what we ALWAYS OWNED
If you kill the shareholders THEN a lawsuit would happen if a RELAUNCH were to occur. TRUST ME.
You obviously don't understand the tax reform under Trump. If you did, you would realize Icahn is involved.
I don't think I have ever heard....."Hey man we dont need that $242M anymore, we can let it go.
YAAAAA RIGHT. Cmon you are smarter than that.
Watch List: BLIAQ (Shiny Blue Diamond: 100x)
Hey guys,
Wrote a detailed post in "The Hunt for the Next 10 Bagger." Would be interested in your thoughts. See below. Many thanks.
==========================
How about a potential 100x+ Bagger?
***Premium video on demand (P-VOD) rental worth 2-3x more to studios than a movie ticket.
I urge your first reaction not to be your retarded, WTF, your FOS, etc.
Hear me out.
Ive traded this company for the last 10 years with my most recent trade this year. Yes this company has been in bankruptcy for the last 7 years. The outcome for the revival of this company (common shares intact; no dilution) is a simple DEBT to EQUITY swap. The bond holders are "ON BOARD"
There are currently $242M in NOLs (net operating loses) in play but if the shares get cancelled, so do the NOLs. Who would throw away that kind of money?
The man in charge is known as the corporate raider, Mr. Carl Icahn himself. He controls the voting rights of what comes next. Also, Icahn is known for seizing profits from companies that have NOLs.
Did I tell you that they are NOW OUT OF BANKRUPTCY as of June 29, 2017?
The trustee has been discharged and FINRA by law is supposed to cancel the shares within 10-21 days after the trustee has been discharged. We are certainly near that date (depending on how they count biz days/holidays).
THE ONLY WAY FOR THE SHARES NOT TO BE CANCELLED IS AN "APPEAL"
Guess who probably is going to do that? Yes, you are correct, Carl Icahn.
So lets recap:
Out of BK as of June 29, 2017
Trustee has been discharged
$242M in NOLs but go poof if shares go poof
Icahn controls the show (What would you do if you were him)
FINRA by law has to cancel shares within 10-21 days
An APPEAL is the only way AND VALIDATES the whole thing (Wall St catches on)
If you are still with me and what I have written above make sense, then.....
Let me introduce to you again, "BLOCKBUSTER INC (BLIAQ) others know it by BB LIQUIDATING INC. (FYI, the court recognizes it as Blockbuster Inc.)"
I reserve your right for a chuckle......but seriously.
Right now, the movie studios and movie theaters are trying to figure out a PVOD solution*** for the new theatrical window that they are proposing (10-14 days) and also day releases.
LET ME REPEAT, NO "CURRENT" STREAMING PROVIDER OFFERS THIS "CONTENT"
Blockbuster will be relaunched as a "GLOBAL MOBILE CDN NETWORK" partially owned by the movie studio and will "SUBSIDIZE ALL DATA" like TMUS Unlimited Music which will be offered by Dish's trove of spectrum.
CHECK MATE
Now what I believe is there will be a relaunch of our beloved Blockbuster.
There's SOOOOO MUCH NOSTALGIA for this icon.
Ill also leave this for you guys, straight from Disney....
***Premium video on demand (P-VOD) rental worth 2-3x more to studios than a movie ticket.
http://www.barrons.com/articles/disney-whats-worth-more-than-a-movie-ticket-1499264529
How about a potential 100x+ Bagger?
I urge your first reaction not to be your retarded, WTF, your FOS, etc.
Hear me out.
Ive traded this company for the last 10 years with my most recent trade this year. Yes this company has been in bankruptcy for the last 7 years. The outcome for the revival of this company (common shares intact; no dilution) is a simple DEBT to EQUITY swap. The bond holders are "ON BOARD"
There are currently $242M in NOLs (net operating loses) in play but if the shares get cancelled, so do the NOLs. Who would throw away that kind of money?
The man in charge is known as the corporate raider, Mr. Carl Icahn himself. He controls the voting rights of what comes next. Also, Icahn is known for seizing profits from companies that have NOLs.
Did I tell you that they are NOW OUT OF BANKRUPTCY as of June 29, 2017?
The trustee has been discharged and FINRA by law is supposed to cancel the shares within 10-21 days after the trustee has been discharged. We are certainly near that date (depending on how they count biz days/holidays).
THE ONLY WAY FOR THE SHARES NOT TO BE CANCELLED IS AN "APPEAL"
Guess who probably is going to do that? Yes, you are correct, Carl Icahn.
So lets recap:
Out of BK as of June 29, 2017
Trustee has been discharged
$242M in NOLs but go poof if shares go poof
Icahn controls the show (What would you do if you were him)
FINRA by law has to cancel shares within 10-21 days
An APPEAL is the only way AND VALIDATES the whole thing (Wall St catches on)
If you are still with me and what I have written above make sense, then.....
Let me introduce to you again, "BLOCKBUSTER INC (BLIAQ) others know it by BB LIQUIDATING INC. (FYI, the court recognizes it as Blockbuster Inc.)"
I reserve your right for a chuckle......but seriously.
Right now, the movie studios and movie theaters are trying to figure out a PVOD solution*** for the new theatrical window that they are proposing (10-14 days) and also day releases.
LET ME REPEAT, NO "CURRENT" STREAMING PROVIDER OFFERS THIS "CONTENT"
Blockbuster will be relaunched as a "GLOBAL MOBILE CDN NETWORK" partially owned by the movie studio and will "SUBSIDIZE ALL DATA" like TMUS Unlimited Music which will be offered by Dish's trove of spectrum.
CHECK MATE
Now what I believe is there will be a relaunch of our beloved Blockbuster.
There's SOOOOO MUCH NOSTALGIA for this icon.
Ill also leave this for you guys, straight from Disney....
***Premium video on demand (P-VOD) rental worth 2-3x more to studios than a movie ticket.
http://www.barrons.com/articles/disney-whats-worth-more-than-a-movie-ticket-1499264529
I would love to hear your thoughts. Cheers.
More like a SHELL sitting on a SHELF
....become the vehicle of choice for private companies seeking to go public through a reverse merger.
DEBT FOR EQUITY removes $700M+ in debt and ENABLES access to the $242M in NOLs. Viola
Big boys DESTROYED it to OWN it, on PURPOSE.
Watch N Learn How The Big Boys Do It!
DEBT to EQUITY swap.....Duh
Thats the whole point of this amigo. Take the $700M or so in debt and swap it for equity.
Easy peasy.
There are almost 750M shares that they can issue from the initial authorized shares of 1B.
Ooooopppps, I guessed you didnt know that. Its OK, now you do.
NP.
Yhoo new symbol? Not sure there is a new one after VZ bought it.
Blockbusters symbol is BLIAQ and the yahoo msg board URL is
https://finance.yahoo.com/quote/BLIAQ/community?p=BLIAQ
You are correct. I don't expect to see any REAL news (PR, IR, filings) until the time is right. Operate in the shadows of the non-reporting world.
The way I see it, wall st doesnt keep secrets but they can use proxies buys in say Dish, S, Tmus, VZ, etc to hedge.
I don't see anyone really buying in large volumes of BLIAQ/BLIBQ until an appeal is made.
Not many people would risk buying the first chapter 7 that has emerged with the common shares intacted.
Icahn, will certainly make use of the NOLs. You can't cancel the shares without cancelling the NOLs that are attached to them.
There is nothing the law can do. Everything that is about to go down is COMPLETELY LEGAL
The launch of overseas is a great narrative because of the disassociation with all the shells in play. It creates an illusion that there is no association with BLIAQ or the original Blockbuster brand.
My final point. Since the trustee has been discharged and we are out of BK, the next legal steps is for FINRA to dissolve/cancel our shares within the 21 days of June 29. That is by law. The only next step to make sure that doesnt happen is an APPEAL.
If an APPEAL happens (which will be announced soon), I am not sure what happens next. I am no BK expert but Id imagine somewhere in BK law there are next steps to reporting and I can imagine there will be DELAYS in reporting. They will report as little as possible.
So, I dont think they can hide in the dark much longer without wall st catching on.
Let me know your thoughts.
Hey Mick,
Icahn is one of the brightest, thats for sure. There was a post on the Yahoo msg board about the ways a company can emerge from chapter 7 because one member was saying it will be illegal to do a debt to equity swap.
This is straight from a BK attorney.
Here are the 4 ways one emerges from chapter 7.
1. One would be "forgiveness of debt" by the creditors. Never happens. 2. Two Total liquidation. Most common.
3. Three motion to return to Chap 11 for reorg. Too late for that.
4. Four The debtor pays all debt and case is dismissed and closed. Rare but does happen.
Out of the mouth of a pretty respected BK attorney. Your declaration that an exit by paying all debt is "illegal" in some way is not only nonsense but a flat out lie. While you state that there would be lawsuits both criminal and civil, I ask you to state a law that would make that illegal.
Retooling a movie rental company to deliver movies using the newest technology is not only smart but it is what any body would expect them to do. In order to sue there must be damage. Who is it exactly that would be harmed by making agreement with the bond holders and simply paying all the other debt? Who Rodger? Who?
Let me know your thoughts. Thanks so much. Have yourself a great day.