Eros Media 26 Discussion Threads

[alphajo] 23/1/2023 12:46

I think the Trustee sent us the list before the 7 Jan. I wonder how many more people are in this situation. Anyway drop me a line at [e-mail] and we'll take it from there.

[verymaryhinge] 23/1/2023 08:17

😳 did I miss news ? Quoted 1-2 ish this morning.

[seasider6] 20/1/2023 18:49

I think the total number of bonds is 50million.
If you look earlier in this thread alphajo has a link to a thread on discord. Somewhere on there you will find a link to bondholders email addresses. Alphajo will have to give you permission to access it.

[giammy85] 20/1/2023 12:03

I gave my consent to the trustees to share my email on 7th Jan, but received no news.
Similarly to Wasps, do we have a mailing list of bondholders provided by the Trustees? Can we insert our holding in a sheet so to know the percentage we represent?

[alphajo] 11/1/2023 13:08

I've sent you a dm and you can also see my email in the thread here - hope you can get in touch we're making progress

[somewhatsanguine] 10/1/2023 21:39

Hello Alphajo

Thank you for sharing the Discord link. I am a bondholder and would like to join, but can't access the site (even when using https). Any thoughts on how I can join?

Many thanks!

[nailed] 09/1/2023 23:58

DOUGLAS, Isle of Man--(BUSINESS WIRE)--Eros Media World PLC (“Eros Media”, “Eros” or the “Company”;) (NYSE: EMWP), a global Indian media and entertainment company announces that it will not submit any further appeal with the New York Stock Exchange (“NYSE”) to review the determination made by the NYSE to commence proceedings to delist the Company’s A ordinary shares and suspend trading immediately (the “Staff Determination”).

[alphajo] 04/1/2023 11:27

I'm informally trying to coordinate our efforts (for now), you have the discord server (there's now 31 people there) or if you prefer, there's also an email list of bondholders that I can add you to, you can contact me [e-mail]
george [at] orama dot tv in case advfn blocks the email

[ciaranfairmichael] 02/1/2023 17:11

Hi s61, thanks for getting in touch. The xx at the start of the link needs to be change to tt. So ' hxxps:// ' becomes ' ' Its an ADVFN security thing. If you're still having problems, let us know.

[s61] 02/1/2023 16:47

Hi, I and two other bondholders would like to join the action however cannot seem to get the discord link above to work- is there an alternative way to access this?

Thanks

[alphajo] 27/12/2022 10:27

Hi all, some of us have given our contact details to the Trustee to share, so we've started chatting.
Here is also a link to a Discord server exclusively for bondholders: hxxps://discord.gg/TC3Ytgf5MX
Hope the link works here, let's see

[2prime] 24/12/2022 12:53

I have also written to Interactive Investors to find a way for bondholders to come together and engage /be represented.

[demersal] 23/12/2022 21:19

double posted :(

[demersal] 23/12/2022 21:06

I contacted interactive investor today - what I asked was (as we dont have a contact point yet as you point out) - "Are you prepared to send a message to all Eros bondholders? (message to follow)" - they've come back and so far said "Maybe - we'll look into it".

Ive also found and read the trustee deed - its the usual legal blah but there so so much protection in it for the trustee you kind of wonder what the point is - I dont think anywhere it refers to "protecting the interests of bondholders" for example. There are however provisions for managing trustees ( even removing them etc )

Agreed cant wait to move from this forum for some common hub! Can put the trustee deed there when for example.

And yes if we have some central hub people can submit their holdings but have those obscured to general view.

[ciaranfairmichael] 23/12/2022 13:40

Thanks Alphjo. What did you say to HL? I'm happy to email AJBell, but I wonder if it makes sense to have a group (or even just a dedicated email address) set up in advance that people can then join? A simple email address initially may be easier in case people are not familiar with slack.

It might also be worthwhile trying to collate the number of bonds we have amongst us. We might be short of the 10M needed to force action, depending on the level of involvement from the corporate contacts on the list, but we won't know until we try.

I imagine people would prefer not to give their bond holdings out publicly. Perhaps somebody with a finance background (Alphajo?!!) would be willing to collect this privately?

Ciaran

[tsaras] 22/12/2022 22:08

Thank you for taking the lead. I would say post it here, doesn’t do any harm. Worst case there is an Eros fake account who might join in..

[alphajo] 22/12/2022 22:05

I've started that. HL was not aware of what's happening. Now they said they will contact all Bondhlders individually.
I've contacted HL because that's where I hold the bond. They were actually responsive and helpful.
I encourage you to do the same with your respective broker.
Thinking of setting up a Slack for Bondholders - and share the link here, good idea?

[tsaras] 22/12/2022 09:10

Basically someone should take the lead and send email. Then maybe contact HL, AJ Bell et al to get more people. I hope someone can step up and do it. Otherwise we have to wait for expiry and those Trustee clowns to mobilise along with the rest of the hibernating bondholders

[demersal] 20/12/2022 12:23

Lets see what we've got to work with - Im going to read the trustee document and just double check the trustee are doing at least what they are committed to. And there are about 70 or so names of bondholders which have been shared. We need the details of bondholders of 10million bonds. We probably aren't there in the first sweep but any move on our part to get towards that figure makes engagement more useful to Eros. It is in everyone's interest to resolve this.

[pyueck] 19/12/2022 15:55

Quite honestly we are screwed. No way that retail bondholders will be able to get together and call a default. We should never have agreed to the extension (which if you remember they couldn't get 75% to bother voting on that).

[alphajo] 19/12/2022 12:02

Are you on the list of bondholders that have agreed to share their contact details?
I am, and I am getting in touch with a few people who have entered the position in a professional capacity to see if anyone has a better idea of what to do next.

[bicyclepump] 15/12/2022 12:17

From a recent press release:

The Company has also announced that its Annual General Meeting will be held on December 29, 2022 at the registered office of the Company at First Names House, Victoria Road, Douglas, Isle of Man IM2 4DF, British Isles at 2:00 pm GMT (UK).

So, if anyone is in the area, you could go along and ask some awkward questions.