Eros Media 26 Discussion Threads

[mashala1] 14/4/2023 17:48

I see the latest RNS suggests further delay:

[verymaryhinge] 31/3/2023 20:20

there was an RNS on Thursday c 6: 20 pm

[mashala1] 31/3/2023 17:25

How do you know it passed? Can't find any info online

[verymaryhinge] 30/3/2023 17:43

seems they got it passed.

[verymaryhinge] 28/3/2023 06:55

suspect you're right..

[grahamg8] 27/3/2023 17:04

Voting deadline now passed. Results on Thursday, unless below 75% available votes cast when we get a suspension (of the meeting).

I took a more detailed look at the recent history of Eros. When the shares were suspended in NY Eros admitted that there was no point in campaigning against it because they would never be able to provide audited accounts. They did not have access to STX accounts or permission to use what they did have. So prior year comparisons could never be provided.

More sculduggery to come no doubt. Which is why I have voted for the 60p distribution. In a few months time we could get wiped out.

[verymaryhinge] 17/3/2023 07:42

Tendered mine.

[mashala1] 16/3/2023 16:27

Hargreaves Lansdown have posted info on how to vote

[maisieme] 16/3/2023 07:29

Me too. Arthur Daley would be proud of them but no one else.

[martinv2] 16/3/2023 06:20

Hard to call on this. I have only a small holding and had thought it was zero so anything I get is pretty well a bonus. Total lack of any governance or accountability to Bond holders. Would not trust anything coming out of the company so many broken promises. Will try to tender my whole holding and write off to experience

[maisieme] 12/3/2023 12:54

Still ducking and diving although they don’t seem to want to abandon us just yet.🤞

[grahamg8] 11/3/2023 19:03

Covenant breaches left right and centre, still no accounts. Any vote is a leap of faith. Has this company ever heard of governance? Some of the breaches are new so it’s not learning from past mistakes.

[mashala1] 09/3/2023 13:07

Broker should be in touch before the deadline for voting

[maisieme] 09/3/2023 11:11

If you do want to go this way where do you get the forms? Is it from your broker?

[maisieme] 09/3/2023 10:38

Don’t bond holders have to agree to this delaying tactic?

[mashala1] 09/3/2023 10:18

Maturity to be extended to 15th April 2026

[verymaryhinge] 08/3/2023 14:50

buying back 50% of o/s at 60p.. plus the unpaid coupon. rump will have a maturity extension, plus a 9% coupon going forward..

[verymaryhinge] 08/3/2023 14:27

check the RNS

[mashala1] 08/2/2023 09:47

Coupon received today

[mashala1] 08/2/2023 09:45

Coupon received today, via Hargreaves Lansdown

[maisieme] 08/2/2023 04:39

Coupon paid yesterday but no back dated interest so still in the defaulters naughty corner in my book.

[seasider6] 07/2/2023 13:04

It will probably show up next week.
No coincidence. A few other articles helped no doubt.

[maisieme] 06/2/2023 17:51

Still no coupon and back dated interest payment- do you think the cheque has bounced? Mail on Sunday published a full page about Eros a few weeks ago and stated the FCA were interested in what Eros was up to. The bond coupon statement came out shortly after - coincidence?

[ashraf] 05/2/2023 15:23

Hindenberg Research highlighted EROS as worthless, back in 2019. They were right the shares now are worthless. The report is on their website. Lets hope we get something back from the bonds. Maybe one of their Billionaire friends can lend them the money.