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Cineplex Inc T.CGX

Alternate Symbol(s):  CPXGF | T.CGX.DB.B

Cineplex Inc. is a Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. The Company's segments include Film Entertainment and Content, Media, and Location-Based Entertainment. It offers over 170 movie theatres and location-based entertainment venues. In addition to being a film exhibitor, the Company operates Canada's destination for Eats & Entertainment (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates businesses in digital commerce (CineplexStore.com), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media) and digital place-based media (Cineplex Digital Media). The Company is a partner in Scene+, Canada's entertainment and lifestyle loyalty program.


TSX:CGX - Post by User

Bullboard Posts
Comment by InFactsWeTruston Mar 06, 2020 4:44pm
112 Views
Post# 30777547

RE:RE:RE:RE:RE:Hindenberg reputation

RE:RE:RE:RE:RE:Hindenberg reputationThank you so much.  I still have the Management Information Circular from Jan. 3.  The relevant information was really buried.  If anybody still has the hard copy, Section 6.2(4) is on page C66 and the definition and exclusions are on page C-7.  Kudos to Cineplex's lawyers.  Looks very, very good for Cineplex as it seems the only way Cineworld could get out of this deal is if Cineplex fared worse than its competitors under the same difficult market conditions.  Given that Cineplex management has been very strong, this would be next to impossible to prove.  This is a very, very good deal for both companies and they have both incurred significant costs getting this done.  To throw that all down the drain, pay a termination fee and potentially do the deal another 12 months from now would leave Cineworld with more egg on their face than if they just admit that they didn't see this Covid-19 coming (who did?).  They're going to look really smart in a year or two, having Cineplex under their ownership.
Bullboard Posts