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Any lawsuit Updates ?
No updates on lawsuit but notification of. Share consolidation. That’s a major announcement yet very strange that no one is discussing. Everyone just trying to score points. Such a sad bunch.
Can you link us to the source of the notification?
Hi All, apologies for the delay in providing an update. Work and life have got in the way, as they often do ;) Acuity Law are continuing to go through the Shareholder Group's collected information and documentation. I personally find this reassuring, as they are giving our documentation (and our case) the time and effort it deserves. The group will request an update later this week. The group is new to legal proceedings (thankfully), but it is clear that a case of this size will take some time to resolve.
MIKODX, please could you provide some more detail or a link to information regarding the consolidation you have mentioned, in case it is useful for the legal team?
I wonder who's shares they could be consolidating ? as it can't be the one they just canceled surly ? or the new one they have just started as that new stock is not on any stock market ? Robbing CNTS must be caught out at some point, if it's our 1.3b shares that was suppose to be canceled on LSE and every market world wide they are talking about consolidating ?
anyway thanks for the update CHIP'' and you are right, that detail it could be useful to the shareholders group ?
regards
An update on the recent meeting between the Cineworld Shareholder and Telegram Groups:
"Hi everybody, this evening I had online call meeting with the Cineworld group regards to what is currently going on with the legal challenge with Cineworld. The current law firm named Acuity are still looking into our case and going to confirm if the legal side of things can be challenged on a No Win No Fee basis. The barrister at Acuity firm will get back to the team. The Cineworld team have chased this up and they are getting automatic email reply stating they will be back into offices on the 18th September 2023. It looks like many are currently on holiday. The Cineworld group has also got another well known legal firm named Penningtons as a backup if things don’t turn out well with our current firm. Penningtons legal firm have emailed in, and want to take on the legal challenge. The group have also mentioned this to Acuity Law firm to make them aware that we do have a backup firm whom are ready to take our case.
The Cineworld group has mentioned if anybody has not yet provided their current holdings to the group, please do email in at; info@cineworld-shareholders.com this will help with the legal challenge. To anybody whom are keen and willing to take part in helping the challenge in any way this will be much appreciated and those individuals can email the group with their thoughts and ideas to the above email provided.
Another point to consider, as the Cineworld group have found a firm whom can help on the No Win No Fee, is a great advantage for us all, majority of large well known firms would want large amount of funds before they can start with the legal side. We all need to be patient, as this a large company and the amount of work which needs to done from the legal side of this case."
Final hearing is today 3pm central time, 9pm UK time.
I am not confident on any other court overruling the decisions to be made today.
Thanks for the update CHIP'' much appreciated..