Replies to post #815 on Eros Media World PLC (EMWP)

[UOENO]

Already resumed trading. They did not achieve quorum for vote regarding Bonds, but expect the vote to pass on the next meeting (with smaller quorum requirement).

[barnyarddog]

Yes it is nice to be in a stock that projects deal in 100s of millions with 10x return, companies vaults are money generating, mergers are growth for company.

In my opinion, misunderstood distressed debt plays can be a golden opportunity with returns of 8x up to 50x the money.

Here is one chance to get in low.

RISKS vs. REWARD.

[barnyarddog]

Eros STX Global expects to pass fiscal 2021 financial statement delivery date, bond maturity date at Adjourned Meeting (shares remain halted)


12:21 PM ET 9/3/21 | Briefing.com

The Company previously submitted a request to bondholders to, among other things, extend the fiscal 2021 financial statement delivery date from July 31, 2021 to November 30, 2021, as well as to extend the maturity date of the bonds to April 15, 2023, as disclosed in the Company's Form 6-K furnished to the SEC on August 10, 2021.The bondholder meeting (the "Initial Meeting") was held today and was adjourned for lack of quorum until September 20, 2021 (the "Adjourned Meeting"). The Initial Meeting required a quorum of at least 75% of the Bonds outstanding whereas the Adjourned Meeting requires a quorum of at least 25% of the Bonds outstanding. For the proposal to pass, at least 75% of the votes cast must be in favor. Based on the vote results submitted to date, the Company currently expects to satisfy the quorum requirement and pass the proposed amendments at the Adjourned Meeting. The Company expects to announce the final result of the Adjourned Meeting on September 20, 2021.