RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just another down day for WildLook at net debt....that is all that matters. Capital raises (shareholder dilution), and asset sale (Peanuts stake) are the reason today's debt is lower than 2018. So wrong comparison,
Regarding Degrassi, you have not seen the contract either. What we know is they had to stop all production last summer and it is still at a dead stop. They had the writers, actors, film crews, film location, etc...ready to go. Then HBO pulled the plug. Wldbrain has continually said they are still talking to HBO about the contract. In otther words, the termination clause (if there is one) has not been triggered. That means the reboot is still in limbo, which is costing Wildbrain time (i.e. money). The fact that HBO can hold this brand hostage is ridiculous. Wildbrain should have negotiated provisions that let them terminate without any penalty if HBO did not proceed with the show. Perhaps that clause exists and will be triggered at some point in the future. IF it does and the contract terminates, Wild will need to shop the reboot to another, then start the whole process again. That will take 2+ years before the show hits the airwaves. So, IF they get the contract terminated we are still several years away from the moment in time any financial benefit is seen. This is an awful outcome for what is supposed to be valuable IP.
Keep drinking the cool-aid. The CEO is counting on sahreholders to support his high priced services and the exercise of RSUs, PSUs and options. Fine Capital is doing a great job of ensuring the price rises just at the moment he exercises those rights so he gets the maximum benefit and shareholders get the maximum dilution.