Blockbuster Video Activist Presentation Deck
Phase 1: Address Immediate Liquidity Needs
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BBI's biggest near term challenge is liquidity issue
Meyer has developed a restructuring plan to right-size capital structure and
significantly reduce BBI's indebtedness and annual interest obligations in a
manner that is non-dilutive to current equity
Plan involves participation from BBI's key vendors who also have a vested
interest in the long-term health of one of its most important customers- BBI is
the only remaining nationwide non-discount video rental chain
Plan has been vetted by industry veterans, financial restructuring experts and
legal advisors, and has been deemed viable
Meyer is actively engaged in discussions with strategic studio partners,
financial advisory firms, law firms, subordinated noteholders, secured
noteholders, and equity investors to develop a consensus on this structure that
provides optimal value to shareholders and fair treatment of all stakeholders.
This outcome provides far more value to shareholders than the standard 'debt-
for-equity' swap on the table which may result in dilution of equity by 95%
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