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Dear Shareholder,
Thank you for sending the Shareholder Group the details of your holdings. The group is now reaching out to a) individuals who have kindly offered to assist, or b) have significant holdings.
If you would be happy to assist, it would be helpful if you could locate the name and e-mail address for the key people (i.e. decision makers) within each of Cineworld's large institutional shareholders.
I have attached the details of the 20 largest institutional holders to this e-mail. The job will likely involve going to each of their websites and looking up the contact details of the key people. If you're unsure which single person is best to contact, please compile:
1) list of the likely candidates
2) the company's Investor Relations e-mail address
Each of the Shareholder Group members is juggling a busy day job and family life alongside their Cineworld efforts, so any time and effort you can dedicate to our shared cause will be much appreciated.
The suspension of the Cineworld listing on LSE was anticipated, if unpleasant, and we are looking forward to choosing which law firm we will move forward with, on a no-win, no-fee basis, following a final meeting with firms on Monday and Tuesday. Any information collected regarding institutional shareholders will be very helpful for these meetings, since it will provide the selected law firm with more leads with whom to engage.
The group will shortly put together a mailing list via which we will circulate updates.
With thanks,
The Shareholder Group
Email: info@cineworlds-shareholders.com
I will invest a small amount in new CINE world depending on price even though I lost a small amount on old Cineworld (£411)
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.