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.
Well..We are going over $1 for sure... They not about to let this Delist
Shorters become unlikely friends in the downward spiral film Shafting on The Nasdaq
That was huge news this morning and the company has their monkey hammering every press release. The show goes on
Need a criminal court. Crimes were committed here
I am in @0.52. we,'ll be looking good if the monkey ever leaves this stock alone. I think if you look back to the 16th. He spent over a million to get it back under control
.
He has to buy shares now to cover...He is just waiting on Buyers now
Shorter just surprised the price and not wanting it to go too low...He stopped and now he wants to cover the shares he shorted in the 60/62 range.. He just needs Buyers now....The monkey hammer is winning here...They have deep pockets....They are in no fear of being short on a price. They are controlling the price now...Use caution
As you can see the shorter is still monkey hammering down and he is winning. Has to be an inside job. The company is releasing press releases and the shorter is sitting there to short sell the shares... This does not look good...For this to workout for the shorter. The price has to go lower.
Market Date Short Volume Total Volume Short Volume Ratio
2020-11-25.... 1,236,002.. 3,757,600.. 32.89
2020-11-23.... 972,511.. 3,090,000.. 31.47
2020-11-20.... 1,287,509.. 5,711,800.. 22.54
2020-11-19.... 415,160.. 2,754,100.. 15.07
2020-11-18.... 797,007 .. 3,222,608.. 24.73
2020-11-17.... 1,725,986.. 7,123,452.. 24.23
2020-11-16.... 4,668,184.. 15,629,645.. 29.87
2020-11-13.... 726,999.. 2,818,589.. 25.79
2020-11-12.... 447,547.. 2,062,244.. 21.70
2020-11-11.... 1,032,231.. 4,946,558.. 20.87
He is either heavy short are he is just flipping shares....
He is a big dog
1/2 cent per dollar
If you own 1 million worth of debt
1,000,0000 X 0.005 = $5,000
I think the market disagrees
I agree, but I also understand that even though the claim is 1.3 billion
in value if the note was 25.00 in value.
1.3 billion was the amount of the claim if paid in full and that is based on 25.00 a note. Those notes were no longer trading at 25.00 a note. So you cannot use.. 750,000 spread across the value on day one. You spread the 750,000 across the value of today's price pro rate to what % of the debt you own.. To say spread 750,000 across 1.3 billion debt is wrong.
It is more like spread 750,000 across the 2 million in debt that it is trading at today... If by some miracle the note price would rise to 25.00 tomorrow.. Yes then each note would recover 0.00057, but those notes will not rise to 25.00 dollars... Just like if the notes was to rise to 24.00 dollars.. then each note would recover more than 0.00057...As the price of the note gets lower. The value of the recovery gets higher
If Bob on day one buys 10 notes at 25.00 dollar
Jack buys 10 notes at 0.25 cents
Both have 10 notes and both will recover the same amount.
Just cause Bob paid 25 dollars a note does not change the fact that Jack bought his 10 notes at 0.25 cents...
Bought own the same amount of debt and bought will recover the same amount
The debt when Bob bought his 10 notes at 25.00 was worth 250.00
The debt when Jack bought his 10 notes at 0.25 was worth 2.50
Now I will give them a pro rata share of 1 .00
bought get 0.50
You are giving the 1.3 billion in debt a value of 25 a note.
The note is clearly not trading at 25 a note.
The debt is clearly not valued at 1.3 billion.
If all was nice and dandy and the note was trading at 25.00 note then yes the debt would be 1.3 billion, but it is not.
What Is Pro Rata?
Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to "in proportion," which means a process where whatever is being allocated will be distributed in equal portions.
If something is given out to people on a pro rata basis, it means assigning an amount to one person according to their share of the whole. While a pro rata calculation can be used to determine the appropriate portions of any given whole, it is often used in business finance.
The 1.3 billion is if the bonds were trading at 25.00 which they are not.
The bonds are trading 0.30 and below... So the 1.3 billion is no longer 1.3 billion. It is around 2 million.
You cannot take the 750,000 and throw it across 1.3 billion when it is only trading at 2 million
Pro rata refers to the equal division of something — It could be an interest rate, expenses, dividends, or another sum that is divided among a certain number of people or across a certain amount of time. ... Each share will be worth a pro rata amount, meaning a proportionate amount of the dividends being paid out.
Pro Rata does not mean..Go back to the original price. It means we will all get the equal amount of the % we own
Well the 1.3 billion debt is trading at around 2 million dollars
The 750,000 will get spread across the 1.3 billion debt that is trading at around 2 million dollars..
So the figure of 750,000 spread across 1.3 billion is wrong.
It will get spread across what it is trading at today which is under 2 million dollars.
Also..Once the max of that 15 million gets paid out, cause it will.
It will be spread across the what the notes are trading at now.
Not the original price of 1.3 billion.
If it is not paid , the notes do not expire. So yes..It is not a gift that keeps on giving. It's a gift till the agreement is paid in full.
If 750,000 will get the note around 0.37 a note...What you think 15 million will look like?
I'll agree with the 1.3 billion debt, but that 1.3 billion debt is trading under 2 million dollars. So when you buy a note you are buying a portion of that 1.3 billion debt at the price it is trading at today. Not the original price of 1.3 billion
I guess today or tomorrow will be the last day the bonds trading. I think the sale is today and conformation tomorrow.
On the plan effective date. The 750,000 will be disbursed
The 750,000 will be disbursed across all remaining outstanding notes in Class 7
My best guess..0.56 to 0.59 a note
May the ghost of J.C.Penney haunt them all.
That was the only thing left with value
The shorter shorts about 25% of the shares traded everyday. I guess by the end of today another 2 million will be added to the shorts
Looks like Class 7 will get some of the payout Tuesday now
What made it worth something was the 750,000 was not going to 1.3 billion in debt. The debt was reducing to almost nothing cause it was trading so low
Let the Judge hand down some justice today. Do not let these crooks off the hook
The biggest problem with this stock is the shorter...Just take a look on the 16th...Stuck his neck out to hammer this down...
2020-11-19 415,160... 2,702,908... 15.36
2020-11-18 797,007 ... 3,222,608... 24.73
2020-11-17 1,725,986... 7,123,452... 24.23
2020-11-16 4,668,184... 15,629,645... 29.87
2020-11-13 726,999 ... 2,818,589... 25.79
2020-11-12 447,547 ... 2,062,244... 21.70
2020-11-11 1,032,231... 4,946,558... 20.87
2020-11-10 801,081 ... 5,205,899... 15.39
2020-11-09 866,092 ... 3,082,377... 28.10
2020-11-06 712,223 ... 2,102,681... 33.87
This guy is no small fry. For whatever reason..Until the company addresses this..They are wasting money on PR's and this stock will never recovery to trade above $ 1.00 to maintain listing.
The monkey hammering continues
I would use caution. This company could very well have a firm shorting it's stock every time they release a PR... Selling stock into the flow which will in the end see an R/S
Cinedigm Announces MyTime Movie Network, a New Female-Focused Linear Streaming Channel, Debuting Today on The Roku Channel
It's getting better everyday
Best wishes and good luck to all shareholders. If there is justice in America. You shall have it today.
Class 7 total debt is 1.3 billion dollars
Class 7 total debt is trading below 1.5 million dollars
750,000 will be spread across that debt on effective date pro rata
Good News...More Revenue...Cinedigm getting bigger everyday
Team Whistle, a global media and entertainment company that includes Whistle, Tiny Horse, New Form and Vertical Networks, today announced their OTT channel Whistle TV is coming to Roku in partnership with Cinedigm (NASDAQ: CIDM). The Roku Channel, the home of free and premium entertainment on the Roku® platform, is the latest to offer Whistle TV’s sports lifestyle and entertainment network, expanding their distribution that currently includes Peacock, Samsung TV Plus, Vizio SmartCast and Sinclair Broadcast Group’s STIRR.
Whistle, the digital media company formerly known as Whistle Sports, made a number of announcements today during the National Association of Broadcasters (NAB) Show in New York, including the launch of its first-ever OTT channel, as well as the appointment of a new executive, entertainment industry vet Griffin Gmelich, to oversee OTT and content.
The new channel, dubbed WhistleTV, will offer ad-supported content around the clock, including original shows, episodic series featuring popular influencers, niche sports programming, and inspirational movies and documentaries. WhistleTV’s programming strategy will be driven by Whistle Wise — the company’s research and data insights arm. The distribution platforms for Whistle TV have yet to be announced.
Spearheading these effort will be Gmelich, who will be charged with managing and procuring production and distribution partnerships across multiple forthcoming OTT channels. Prior to Whistle, Gmelich has held top content acquisition and sales roles at the likes of Hulu, Entertainment One, and Warner Bros. Whistle TV will seek to diversify the company’s revenue streams via direct and programmatic ad sales, sponsorships, and custom brand integrations. Whistle says that it is on track to double revenues this year, the company said in a press release.
The launch of the channel, slated for the fourth quarter, arrives on the heels of Whistle’s acquisition of Vertical Networks — a Snap-backed mobile digital studio that was founded by Elisabeth Murdoch, the daughter of Rupert Murdoch. That acquisition followed Whistle’s Jaunuary purchase of New Form, another digital studio, as it continues to push beyond its founding focus on sports.
Since its launch in 2014, Whistle Sports has raised more than $56 million in funding to date. It raised $8 million in 2014, mostly from Sky Broadcasting, $28 million in a second round in 2015,[1] and $20 million in a third round in 2016.[2] The company's investors and equity holders include Tegna, Inc., NBC Sports, Sky Sports, Liberty Global, and Emil Capital, as well as multiple professional sports leagues.
By this time tomorrow we should know if the commons will get wiped out next Tuesday or not.
The entire 1.3 billion in debt for class 7 was trading below 1.3 million dollars.
Yes I will take a portion of that and wait for the settlement.
That is where the earnout agreement come in.
It will be paid to Class 7 along with a few other classes that are added to it. Class 7 holds the largest amount of the debt
Right now COTRP is trading at 0.25.
1 dollar investment will buy you $100 dollars worth of debt
All notes are valued the same CBJCL is trading at 0.12
1 dollar investment will buy you over $200 worth of debt at that price
The notes do not expire until it is paid. How long do you think they will wear that collar?
If it was back to the value of $25 a note..
Like I own 10 million dollar worth of debt..So that would be 0.012 per dollar on 10 million of the debt owned
I would like to say
The 1.3 billion debt in class 7 is the total value of the notes at face value. $25 a note.
Those $25 dollar notes are trading at under 0.25 That is 100 times less than face value.
That also means that 1.3 billion debt is also trading at 100 times less
It comes down to the amount of outstanding notes. Each note in class 7 is valued the same. Each note on a pro rata will get the same as every other note will. Dollar for dollar.
As to the earnout agreement.. This is what it states
wire transfer of immediately available funds to one or more bank accounts
designated in writing by the Earnout Co and the Company, as applicable, as follows:
(i) first, until the aggregate amount of all Earnout
payments distributed under this Section 1(e)(i) equals
$110,000,000, 100% of such Earnout payments shall be made to
Earnout Co.;
(ii) second, until the aggregate amount of all Earnout
payments distributed under this Section 1(e)(ii) equals
$30,000,000, (i) 50% of such Earnout payments shall be made
to Earnout Co. and (ii) 50% of such Earnout payments shall be
made to the Company; and
(iii) thereafter, all Earnout
Note: first, until the aggregate amount of all Earnout
payments distributed under this Section 1(e)(i) equals
$110,000,000, 100% of such Earnout payments shall be made to
Earnout Co.;
100% of 110 million to earnouts
second, until the aggregate amount of all Earnout
payments distributed under this Section 1(e)(ii) equals
$30,000,000, (i) 50% of such Earnout payments shall be made
to Earnout Co. and (ii) 50% of such Earnout payments shall be
made to the Company; and
50% of 30 million to earnouts
That is a total of 115 million to earnouts.
There is no expiration until that amount is reached
So you are saying 0.1875 per note before the wind down and the earnout?
I expect the sale to go through.
I also expect the effective date to be the 24th at which time the bonds will get their payment of the 750,000 disbursed to them. Followed by the wind down reserve and then the quarterly payments as to the earnout agreement. Unless the earnout will be paid in full. Which I believe will happen. I believe they will wipe this debt clean ASAP and move on.
Just my thoughts
That is HUGE news