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Dean, if they're ordinary shares then you won't get a penny. Seriously, noone is trying to deceive you the only people who might get anything are bond holders or preference share holders if they have fire sale of the stationary cupboard. You have to face up, the shares are worthless and the money has gone. If you want shares in the new cineworld then you have to invest in the new company when they list. I won't be touching it with a bargepole
Trading 212 Says 1p Price Looks Payable.
I Would Get 4k Back Let’s Hope So.
Poorimvestor
The coin for you has stopped.
You do not have shares in New Cineworld.
It's absolutely none of your business.
Old Cine is dead.
Why not draw one yourself?
Pretty much the same
Will the broker interactive investor , give out your share certificate for this ,debacle if requested ?
‘ Wolf, what are you talking about?
You were saying cinemas will close last autumn. Remember, me saying xmas, you were making fun of xmas. what? you have forgotten. I always said this was a gamble and the coin is still spinning.’
No I did not! I always claimed the business will be transferred to Newco because shock horror that’s what D4E entails. The only way I said that the cinemas would be closed down was if the D4E couldn’t be achieved and then only alternative at the point would be C7.
There are reams of posts to that affect. I spent hours with you Ian and Jeff debating it.
Let’s be honest though mate you have never got into the detail of this and it’s always been a toss of a coin. Despite your expertise in maths you never balanced the debit column against the credit column. So the fact your now looking extremely foolish isn’t really to do with anything on my part.
The 1p might well be the nominal value of the shares.
I haven’t checked though.
It certainly isn’t any realisable relevant amount that shareholders could expect.
I did the same but with a couple of thousand. Lesson learnt!
I got that book but still bought these shares. I need to give up this game, it’s not for me 😭
There’s a good book called investing for dummies.
I suggest you buy it Dean
I worked it out..I know this is a bit silly but to put CINE's $9bn debt mountain into perspective, each of CINE's 90m annual customers would each have to pay $100 per seat to get the debt paid in 1 year not counting running costs so an expensive night out
Sorry, typo, we WERE shareholders...I've said before, I didn't have thousands invested in CINE but it still hurts but I've learned a few lessons. I 'invested' because I looked at the historical SP as we left lockdown and my erroneous logic was that the SP would go back up as people went back to their normal lives..that might have been true to an extent but I hadn't looked how much debt they were in or how they were going to pay it back....I bet anecdotaly, i could've worked out how much cine would've had to charge per seat to make a profit and pay down the debt..was it £10, £50, £100 or £1000 ? I don't know because I didn't bother my ar#e to do the maths.
Dean, I suspect the term 'paid up' refers to preference share holders and is part of the winding down process and is legal parlance more than anything.I'm not sure what the order of precedence is on claims to the remaining assests of a bankrupt company but I think bond holders first, preference share holders next and common share holders last (which we are) so we get nothing and the preference share holders get 1 penny per preference share from money set aside for that purpose alone i would guess. Again, we get nothing, the old cineworld doesn't exist anymore even if you had a million shares you get zilch, nada.
It says that on the London Stock Exchange website I suggest you look at it.
More crap Dean. Give it a rest
Wolf, what are you talking about?
You were saying cinemas will close last autumn. Remember, me saying xmas, you were making fun of xmas. what? you have forgotten. I always said this was a gamble and the coin is still spinning.
Cineworld Stock Was Paid Out at 1p Each on the London Stock Exchange Yesterday.
So We Should Get 1p Each For Our Shares Yes ???????.
We Might Get 1p Value Paid Back to Us.
Let’s Hope So.
What’s on at CINE, not much I see.
DVD night in then ☺️🍿
@WolfofWarks “…I’m sorry people lost money…”
We have been verbally abused precisely for trying to prevent people losing their money - especially for warning the newbies that this share was not as some people were portraying.
The newbies will have to learn from their mistakes. I wish they hadn’t lost their money but they are adults, free to make their own decisions. On the other hand, people like Poor and anyone who voted up his bullying and abusive comments deserve every arrogant penny of their losses.
You can see some people haven’t learned due to their plugs for other shares.
@Hexam: “…like his accusations of lying when it is him that is not telling telling the truth…”
Thank you for that observation as I wasn’t aware he’s done that to others. I’d seen him do the other things I mentioned to others but not that.
‘ I have no interest in trying to belittle you, Wolf, you consider yourself far more important than you actually are - you are an anonymous BB poster, much like myself. I stated before and I state again, you turned up when CH11 was announced, then stating that the company was doomed, does not make you Nostradamus when you state that the company is going to face difficulty, regurgitating the contents of the RNS issued by the company, ad nauseam etc. ‘
This is where you have lacked intelligence all along RI and again I repeat you were not prepared to learn what the C11 process involved and the inevitable outcome.
I never claimed to be any kind of Nostradamus, only explained and followed the process, which subsequently was exactly what happened, not exactly rocket science for those whose heads were not buried in the sand.
I’m sorry people lost money. You were one of the worst though who shut down every discussed, filtered people, accused then of being shorters, today I am a day trader.
The irony being Poor to whose defense you are jumping to is a trader.
Stupid is as stupid does.
"Beware of falling for this - trolls claiming their targets are trolls."
By trolls here I meant those who just gloat when things are going badly, bash the stock without giving reasons, claiming bad outcomes are certain when they are not or are simply abusive. Negative views that can be backed up are fine and indeed I think are far more useful than positive views as they challenge the perception of investors rather perhaps just re-enforcing them by simply saying what they want to here. I agree though that 'trolls' can also apply to the rampers that are equally as extreme in their views or are as abusive.
As for Poor your description of him is spot on and I've plenty of experience of his MO first hand (like his accusations of lying when it is him that is not telling telling the truth). I've given up engaging with him though as it's pointless and I just feel sorry for him now.
“Instead their replies were often smug, pompous, patronising or just plain abusive (sometimes all four).”
The fourth seemed to come first. It seems to be the default response.
“There have been plenty of repellant trolls too - but at least they were right in the end.“
Beware of falling for this - trolls claiming their targets are trolls. The chief troll was poorinvester, who tried to cover that by accusing his targets of trolling him. Similarly, he bullies people while claiming his targets are bullying him. And he lies, for example claiming I lied about him when I haven’t - his repeated allegations of lies are lies. It’s all projection and manipulation.
I put him on the spot by challenging him to quote my supposed lies - not once has he done so. I even asked him in this thread.
Incidentally, my first encounter with poorinvester was when I expressed a different opinion to him and he responded with verbal abuse. He does the same with many others. It’s what he does - he tries to control the narrative by trying to shut down anyone who disagrees with him.
Verbal abuse, lying while accusing his target of lying, bullying while accusing his target of bullying - it’s all variations of the same.
Didn't have a clue what C11 entailed? There is a plethora of information available for reading on it.
Again, as stated, I didn't ramp or entice others to invest, that was their decision, equally those who may have bought into BOO at heights of 400p to find it down 90% at ~40p - this is the inherent risk of investing and facing macro conditions, those that are prevelant for BOO, given utilities, shipping and manufacturing has gone up and their clothes are tat and they face stiff competition from rivals like Shein who offer free returns, unlike BOO, who have seen large returns decimate their margins.
I have no interest in trying to belittle you, Wolf, you consider yourself far more important than you actually are - you are an anonymous BB poster, much like myself. I stated before and I state again, you turned up when CH11 was announced, then stating that the company was doomed, does not make you Nostradamus when you state that the company is going to face difficulty, regurgitating the contents of the RNS issued by the company, ad nauseam etc.
As for being outraged, that is embellishing the truth when I stated, there could be the opportunity for future arbitration and that many LTHs let down by the BoD will likely look to give their business to competitors like VUE.
Hexem, you more than anyone, given your equally astronomical post count to Wolf, know that these BBs are going to attract those wanting to invest in a company and if they want to take a positive look, that is no bad thing - many had invested when the company hit lows of 20s at the start of the pandemic and it is impossible to know how many exit when this returned to 100-120p. NOFEAR was one such poster who did this and exit.
I have and had no interest in engaging either of you - I posted a reply to Poor who was receiving trolling; but Wolf, your emotional attachment to this BB and your desperate need to be admired (again, when you turned up when the C11 announcement was published) keeps you lingering here like a bad smell.