Entertainment Rights Share Discussion Threads

[scrapman] 01/4/2009 15:50

contact the FSA , they are pretty useless , but at least it will act as a formal record ,

then have a go at the directors for financial malpractice/fraud , deliberate misleading trading practices.

Something has to stick

[very quick] 01/4/2009 15:18

Send some of todays London Mob over to their offices. LOL?

[sirshagalot] 01/4/2009 14:49

what about a lynch mob?

[hotips] 01/4/2009 14:40

I'm still very interested to know exactly what Classic Media paid for these rights. Not mentioning the price is a red flag that it was peanuts. This stinks of being a stitch-up deal - and as for this pre-packs garbage - never even head of them before. Another "get out of jail" scheme dreampt up by the City numpties. I almost feel sympathy for those rioters in the City today! I feel like letting rip myself.

Tell me - how can shareholders back a Public company for 20 years (floated in 1989 as Sleepy Kids Plc) and have it sold from under them and not even be told for how much????

I'm convinced that there's merit in starting an action against the directors for their incompetence and for legging the shareholders over. Bransgrove and Hemmings have very deep pockets for starters..... they might have lost money but there are the ones responsible for US loosing OUR money.

[very quick] 01/4/2009 14:29

R.I.P
The END!

[dell314] 01/4/2009 14:23

I'm rapidly coming to the conclusion that prepacks shouldn't be allowed for PLCs. I have no idea of the ins and outs in this particular case but it strikes me that it's too easy for directors and their mates to use a prepack to shaft the company's true owners i.e. shareholders.

Prepacks may be fine for private companies, where directors both run the business and own it lock stock and barrel, but let's not offer PLC directors the temptation of cheaply removing all the assets from the companies they are paid to run....

Rgds
dell

All IMHO, DYOR etc.

P.S. hotips - BBs don't get closed when companies delist. People just lose interest in posting...

[lemmon picker] 01/4/2009 12:00

ADMINISTRATION - WHAT NEXT FOR SHAREHOLDERS !!!

This company has sadly finally been bankrupted due to its incompetent board of fools. Leading the team we have Rod Bransgrove who no doubt will try and unleash some skill in blaming all those around him to escape the personal responsibilty as its chief (over the past 10 years) for the complete failure of the company.

Shareholders who have lumped up around £170 million over the years to support the company have got this man as the company's chairman and his over inflated self importance to blame together with a cow-towing board of executive and non-executive directors who allowed all this to happen on their watch.

Those shareholders left nursing their losses should now look at bringing a CLASS ACTION against those directors involved in bringing the business to its knees and its subsequent failure. Then maybe finally shareholders will recover some of their investment.

[caveat_emptor] 01/4/2009 11:37

Yep....this was the only one I sold out of....so no gloating...
I am still in others that are going the same way and my pension
is F....d.

But I do have to say one thing.....

I would bet a fiver that you have'nt seen the last of Mike Heap.

He would'nt be the first loser to buy ebverything back privately
with a new investor!!!

If he has the last laugh...good luck to him!!!

[scrapman] 01/4/2009 11:30

Gameover ??

[powwow] 01/4/2009 11:28

was pretty obvious this was going to happen. Someone turn the lights out, hope those holding sold a long time ago.

[humphbumph] 17/3/2009 23:01

Ooh what a complete genius you are seball!

Erm, why are you posting on this thread?

Are you some class of a nincompoop?

[seball] 17/3/2009 16:52

im suprised people are still posting here it is over for ert im afraid... looked at the shares back in middle of 2007 but thankfully nvr bought. Shame think holders sell now its over although im stubborn and still holding onto ctt shares bought at 5.0 so making over 50% loss and know i should sell. SELL SELL SELL

[petermadelaine] 16/3/2009 09:50

I wonder how much this story is going to be repeated, across industry as a whole, as the effects of the credit crunch deepen........read latest posts on FTSE100

[humphbumph] 13/3/2009 13:04

The last person leaving the company forgot to put the lights off?

[petepostman] 13/3/2009 12:51

What I don't understand is, considering the management have said the shares are worth nothing, why are they still listed and not suspended?

[humphbumph] 12/3/2009 11:26

No, sorry.

[toptrump] 12/3/2009 10:28

Good spot - interesting. Since there has been no further RNS and due diligence we have been told have been completed by all interested parties, can we assume that management are actively trying to sort the mess out and see how things unfold?

[rochford6] 11/3/2009 16:42

now that genius have sorted out there money problems will ERT get the money they are owed?



NEW YORK - (Business Wire) GNPR Investments, an affiliate of Quadrant Management and Nemazee Capital, announced its role in the acquisition of a 60% ownership interest in Genius Products from affiliates of The Weinstein Company (TWC). Nemazee Capital (www.nemazee.com), an investment company controlled by veteran financier Hassan Nemazee, invests in a wide variety of industry sectors. The acquisition is part of a restructuring of Genius Products, a process that Quadrant Management will coordinate. Nemazee Capital frequently works together with Quadrant Management to organize and finance corporate reorganizations and restructuring situations.

Genius Products provides distribution services – including production, licensing and eventual distribution – for a significant library of motion pictures and entertainment programming, covering brands from Discovery Kids and Animal Planet to ESPN, Dimension Films, and WWE. Genius also retains exclusive rights to all TWC content, including many emerging home entertainment platforms and formats.

"We expect the investment by Nemazee Capital into Genius Products to be a strong growth opportunity," said Hassan Nemazee, Chairman and CEO of Nemazee Capital. "We are confident that Genius Products will move ahead into new and emerging entertainment platforms."

Bob Weinstein, co-chairman of The Weinstein Company, cited Quadrant's "impeccable track record and leadership" as a critical part of the formula that will help Genius Products grow, while allowing TWC to spend more time developing films.

About Nemazee Capital

[shareowner] 11/3/2009 12:52

Perhaps they should have a review like CTT ro see what really happened.

The statement on the 9th suggested all was well, not so less than 3 weeks later. buyers during that period must be v sore indeed. FSA should investigate, did they know something earlier which should have been announced?????

[rochford6] 10/3/2009 21:45

Lemmon Picker, Maybe the previous board were stuck in the past.They failed to come up with new innovative promotions for the library until it was too late.

I had great hopes for this company and invested fairly heavily but sadly i think it is game over.

A combination of poor previous management and the current financial situation i believe will be the end of ERT. Maybe without the banks having problems then ERT may have survived with the new management.

I hate being negative as you can check by my previous posts but this time i can not see any recovery.