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Last post: Mr.kioto, 16 Jun 2024 03:11
Any updates?
Started: InsiderInfo28, 12 Apr 2024 07:21
Last post: Bonkers0801, 11 Jun 2024 16:52
YAWWWWWWWWWWWNNNNNNNNNNNNNNNNNNNNNN
Of course there are no updates? What are you expecting to happen here, all chipped in and got letter sent so Mooky has decided to refund all your money you invested? ITS NOT GOING TO HAPPEN.
For your own mental health, accept you’ve made a bad decision and lost everything you put into Cine. Put it down to experience and try to earn it back over time with other, less risky, investments.
Started: Luke13, 30 May 2024 21:03
Last post: Chipstacker, 10 Jun 2024 11:43
Luke13, just to let you know that the domain is now working, so please re-send your e-mail so that your holdings can be added to the register.
Thanks
Chip
Thanks Luke13, I'll chase this up with the domain holder today. Ps, regarding today's news, we are informing Acuity now: https://news.sky.com/story/cineworld-plots-blockbuster-sale-of-british-cinema-operations-13149740
I emailed that email address - Info@cineworld-shareholders.com - on 22nd Feb 2024 but got no reply. I then emailed again on 2nd May 2024 and still received no reply.
I said number of shares, share price, total transaction cost and gave my name and phone number. Still never received any reply back. Thought i'd post this here for what it's worth.
That was a very old past ( april 10th, over a month ago). Just looking for updates. Still hoping to sue the pants off of those crooks. A pennies on the pound settlement could work.
Started: Mr.kioto, 14 Apr 2024 11:07
Last post: CWWX, 30 May 2024 15:36
mr kioto, very strange posting from you on here.
on the 10th of april you asked "any news?"
on the 14th of april you provided a detailed update, including the statements "we have received a first draft opinion from council last week. paul, the solicitors and i are reviewing and will be asking for a few changes to help improve our chances of getting funding for an action against cineworld." and "beyond that… it is still just paul and i working on this"
so i question how on the 10th you were looking for an update but on the 14th you yourself provided one, and said you are working on it......
sorry, mixed nmessages it seems to me.
shame you havent moved on, i can assure you this will come to nothing. every investment you make has a disclaimer, to cover their ****s. win some, lose some.....................
Info@cineworld-shareholders.com
Theres a telegram group which gets updates also.
Email the above with your holding and average price.
Hi, New to the group but lost significant shares in Cineworld. Would be interested in assisting in the action against them. How can I touch base with the principle organisers here?
We have received a first draft opinion from Council last week. Paul, the solicitors and I are reviewing and will be asking for a few changes to help improve our chances of getting funding for an action against Cineworld.
The next step will be to get a letter off to new board to notify that we plan to take action. That’s going to cost several thousand for the lawyers to put together so Paul and I are discussing whether we go out to the group to cover the cost of tis first letter or go directly to potential funders. Since there is a small chance that Cineworld will want to settle immediately and funders are going to want to take a significant portion of any settlement, even if they only put in a little money, we think that it might be wise to get the group to fund this first attempt to get them to settle.
Either before the first letter or after, we are going to have to pitch the case to potential funders. As part of this we’ll need to go out to the group to formalize our representation of the group. This will require that everyone who’s going to participate in the action provide a few more details on their holdings. For example, we’ll need to know the total number of shares held, average price paid, contact details, etc. Potentially, we may need to find a way to validate this, as a presentation to the courts that contains erroneous information, will get is into a lot of trouble. We believe that this part of the process will be quite quick but this will very much depend on ho quickly we can gather in the information we require and how strong a case we can present to potential funders.
Once we have funding in place the real work starts.
You should understand that this process is going to take many, many months or even years.
I’m curious and surprised that there are over 500 participants in the online group . I do not believe that we have anywhere near that number of people on our list of known shareholders. We will need the group that we represent to include as many shareholders as we can possibly include. This will help increase the size of the potential payout and help us find sufficient funding to get the lawyers to do their thing.
Beyond that… it is still just Paul and I working on this… Despite many requests to try to get others to help… No one has stepped up. Obviously, this slows things down quite a bit as both Paul and I have full time jobs and families that also require time and attention.
A more formal update will come as soon s we have the final opinion from Council.
**anymore recent update?????????????
Started: Chipstacker, 27 May 2024 17:50
Last post: Chipstacker, 27 May 2024 17:50
Dear All,
Just to let you know that detailed discussion continues with Actuity Law, and the shareholder group will shortly be back in touch with an update (hopefully within the week). Life has got in the way the past few weeks, hence the delay in posting on here.
Thanks,
Chip
Last post: Mr.kioto, 10 Apr 2024 19:26
Any updates?
Last post: khanoo321, 5 Apr 2024 12:26
Hi Chipstacker
May I know if there is any update from Acuity Law firm?
Thank you
Hi All, apologies for the delay. No update from Acuity Law as yet. They'd expected to able to confirm whether or not they'd be able to represent the case by 17th November (as per my previous post). I'll chase this up with them today and feed back asap.
Ps, Dean36, can you provide additional detail on the 1p payout you reference below? I haven't heard anything about this. Thanks.
Who benefits from all the cineworld box office takings ?
Any updates? Any final decision on if the law firm will take the case forward? and on what grounds ?
Started: Negs11, 16 Feb 2024 16:45
Last post: selecta6, 24 Mar 2024 11:49
WoW is fully correct.
Items held in an ISA are tax free.
That includes a tax loss free.
You can't have your cake and eat it!!
You gain the advantage with tax free profit, and suffer the dis-advantage with tax free loss.
I would have thought that at the point they fell out of your ISA and into your trading account and therefore your entry into the realms of capital gains the acquisition cost at that point would be zero (the market value at that date) and therefore zero loss.
I very much doubt you can claim a capital loss
For clarity:
by no market value, I mean that no value can be established because they are no longer listed.
The argument [if there is one] is that the zero value only came to pass later aftter courts have rubber stamped the stealing-deal. Therefore the value ascribed at time they are transferred out of the isa due to no longer qualifying is the book value as it was on the isa since no other value is available.
"I guess the question is that when the broker transfers the shares in that situation [when they are no longer traded and there is therefore no market value], what is their book value for CGT purposes according to ISA legislation. "
That's what I thought until I looked at the documentation from iweb just now.
On my ISA acct they sent a corporate action notification dated 2 august 2023 saying CINE cancelled admission to trading ... on LSE Main Market.
3 paras later says as no longer listed on recognised exchange, they no longer qualify to be held within an ISA. .... therefore we will transfer ... to your share dealing account.
In statement at end Sept still shows cine as inward/ouward stock adjustment with no of shares and no value mentioned. For end month shows a line with CINE and book value probably what I paid when I bought in the ISA.
Then in Feb 2024 have a corporate action notification that they are removed with no compensation ftrom the share dealing account.
In general I use the statements and the book cost shown on previous statement after a sale to determine capital gain or loss for CGT.
AFAICS I can do exactly that with CINE and record the book cost shown on the previous statement as a loss.
If that's wrong [it is unexpected but usually I fill my tax form in according to what the statements from the broker say], can someone point me to some rules from HMRC. I guess the question is that when the broker transfers the shares in that situation [when they are no longer traded and there is therefore no market value], what is their book value for CGT purposes according to ISA legislation.
What have other brokers said when they give corporate action notifications and subsequent statements with ISA shares forcibly removed to a non-ISA account but not yet disappeared completely?
For me this is a 20k loss shown on the statements so potentially 4k of CGT reduction assuming I never get the chance to take the CG without tax otherwise.
You can offset if the shares weren't held in an ISA account, but if you had them in your share dealing ISA you can't.
Started: MWest, 19 Mar 2024 10:50
Last post: MWest, 19 Mar 2024 10:50
Started: Chipstacker, 8 Jan 2024 09:48
Last post: Chipstacker, 11 Feb 2024 11:22
Hi Takeapuntortwo, apologies for radio silence - the Shareholder Group likely has a record of your holdings, but just to be safe, please could you e-mail info@cineworld-shareholders.com with number of shares and their total cost.
As an update, an e-mail will be going out to holders in the next couple of weeks regarding next steps - Acuity have outlined the broad detail of the legal challenge that is most likely to succeed. Just as a heads-up, a small contribution will be asked of holders to cover the cost of an official lawyer's letter instructing Cineworld of our legal challenge (this is a formal and necessary part of the process). The letter will cost sub £10k (precise figure not yet confirmed; I'll let you know when I do); we have a couple of hundred people signed up to the shareholder group, so if everyone chips in then it shouldn't break the bank.
Ps, I share posters' pain of having their Cine holdings vanish - not a nice feeling, but not the end of the road! I read with interest that the Neil Woodford fund debacle reached a settlement this week - I'm not trying to get anyone's hopes up (including my own), but it was reassuring to see investors get at least something back from the tawdry affair.
Cheers, and I'll post back on the board with more info as it becomes available.
How can we get a copy ?
Aj bell said the shares gone from account and can’t show the holding in account anymore
Thats great chipstacker , i read on here regular to see if theres any changes , do i have to register my holdings anywhere, ive done so before a wee while back
Thank you
Thanks @maidit308, much appreciated 👍
Acuity Law have responded with a detailed overview of the merits of the shareholders' legal case, and have made suggestions of the avenues most likely to succeed. The shareholder group will meet online with Acuity this week to discuss. I'll be back in touch following this with an update. Cheers all.
I’ve had notification too from Halifax Share Trading. All my holding completely gone.
Halifax just took away my shares. 19k gone 😩
Started: Dean36, 7 Dec 2023 13:49
Last post: Dean36, 26 Dec 2023 23:44
I Have Made Money on My Cryptocurrency Solana.
I Have Made £12,000 Profit.
However £2000 Doesn’t Feel as Bad But Some People Have Lost Serious Money on Here and I Feel For Them.
Also I Am Investing in Tech Stocks like Stne Co and Robinhood Markets.
Look mate, I’m not one to plug and ramp but perhaps do a bit of research on Empire Metals
They have discovered what is likely the biggest titanium field in the world
Or perhaps Rolls Royce if you want something a bit more stable?
Of course, after my losses here, I would never presume to tell people what to buy!!
What ever you do, I wish you better luck than with Cine which is perhaps with hindsight, sadly not that difficult. :o(
Same as you Rupple but I've not made any back. It stinks
Try £21k
And then start crying 😭
I’ve made it back on something else but still hurts
I wished i only had 2k to cry about.
Started: Dean36, 22 Nov 2023 17:49
Last post: SprintRS, 27 Nov 2023 18:10
Dean, this penny share thing is slightly misleading..the term 'fully paid' in terms of shares means that we, the investors, do not have to pay the company anything more as the shares are 'fully paid'....it just happens that the nominal price of the cine shares was 1 penny. They have 1,373,428,670 of these shares but they don't have £13 million sat around. I'm sorry mate but we've lost everything..hiring lawyers to try to get money back is useless, cineworld were a limited company so you can't go after the directors if they've not broken the law and the money that is/was left would have been used to pay creditors. The new cineworld are a totally separate business. we have to move on. I made a mistake in investing in a company that had massive debts with no possible way of ever paying it off, yes the directors of the company might have been incompetent buy they weren't as far as I know crooked. If it can be shown they cheated in some way then possibly a case to prosecute but I don't think that's the case.
@Dean best we can do is wait. The RSA and plan said they will spare share capital of cineworld parent(CINE Shares) And Cineworld Funding.
The London Stock Exchange Says Shareholders Have Been Paid Out at 1p Share Price Fully Paid Each.
The Truth is Trading 212, Freetrade and All Other Brokers Have to Honour This Too Surely.
Also the Companies Act 2006 Says Companies Have to Pay a Nominal Value of Shares to Shareholders Too.
I Phoned Market Operations and They Said That 1p is the Nominal Value of Cineworld Shares Too.
Why is Trading is Still Suspended ????????.
Still find it difficult to understand how Cine is trading and open as normal.
Krooky been keeping very quiet but potentially with all those millions due soon he can afford to keep his head down.
Started: Takeapuntortwo, 14 Nov 2023 22:46
Last post: Takeapuntortwo, 14 Nov 2023 22:46
I registered my holdings before , do i need to do anything i hadnt been in for a while either i had given up i hold a fair pickle if these shares or i did 😂
Started: Cruis1, 9 Nov 2023 00:00
Last post: JonVortex, 9 Nov 2023 15:36
That the thieving cretin go bankrupt again?
Let’s keep our fingers crossed
Started: Chipstacker, 27 Oct 2023 09:15
Last post: Vulnax, 7 Nov 2023 12:43
I think it was to e-mail this address with share number held.
Info@cineworld-shareholders.com
How to add another name in claim.
I do own 50k plus shares
Thanks
Have not look in for awhile, but that is a nice surprise'' thanks for the update CHIP, we are all grateful for your time and effort
speak soon...
Interesting news. If they give the go ahead in November, please let us know what the strongest points / issues are that we have a high likely hood of winning OR at least to get some sort of settlement from CINE.
When the this done and dusted I am treating wolfie to a steak dinner :-)
A positive update - Acuity Law have agreed, pending final agreement by their advising council, to represent the shareholder group's case on a no-win, no-fee basis. Final go-ahead (which we hope will be given, but it cannot be guaranteed as yet) is likely to be provided between 6-17th November. I'll share a further update as soon as possible.
Started: Liam548, 27 Oct 2023 10:01
Last post: Liam548, 27 Oct 2023 10:01
Trading212 simply states Instrument has been delisted. I'm assuming any legal action would incorporate all trading platforms on our behalf?
Thanks
Liam
Started: Dean36, 26 Oct 2023 01:45
Last post: Mr.kioto, 26 Oct 2023 14:19
Any legal updates ?
According to Alix Partners.
Various on the London Stock Exchange.
Total Cineworld Shareholders 1,373,428,670 Have a Total of 0.01p Fully Paid Share Price Each.
Check on Companies House.
Last post: Chipstacker, 11 Oct 2023 14:43
No update as yet, Acuity Law is continuing to go through the group's compiled documentation. I'll provide an update on here as soon as one is available. Thanks
From my understanding Mooky is located in Israel? Given the current events and climate, I would not be mad if he got dealt with and significantly impacted. Given how he screwed so many of us over.
Hey, are there any updates to the law firm selection, confirmation for the UK case?
Started: Scripts, 25 Sep 2023 08:59
Last post: cekim, 2 Oct 2023 16:23
Info@cineworld-shareholders.com
How can i get in touch with this group? I hold over 600 k shares in cine (old) was all in my pension and its crippled me
Thanks for any help
Old shareholders do not have shares in new Cine
Actually... the group that is suing cine, is trying to leverage the legal system to strong arm cine into some settlement. Register with them stay informed.. see where it goes, it does have merit.
But dealing with CiNE directly will be a waste of your time.
Oh. There were posters suggesting that holders register their holdings to a particular email… I take it that exercise is pointless?
Started: Mr.kioto, 3 Sep 2023 16:13
Last post: maidit308, 19 Sep 2023 17:49
Thanks for the update CHIP'' much appreciated..
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.
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."
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
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?
Started: SuperMooseXL, 9 Sep 2023 00:35
Last post: Reppyrr, 11 Sep 2023 16:43
Ooooops
He's being sarcastic.
Why and how is this going to rocket?
Thid is going to pop bog time, dont miss out!!
Started: InsiderInfo28, 28 Aug 2023 07:25
Last post: SuperMooseXL, 9 Sep 2023 00:32
Get teady for the bounce guys
Great time to fill your boots
Crazy to mis our at these prices
#moonshot
Ah good a rare post from Bonkers that hasn’t urged everyone to AVERAGE DOWN as it’s GOING TO BOUNCE SOON.
You should be ashamed to show your face on this board after the amount of money you’ll have cost anyone who was naive enough to listen to your years of drivel.
Stick to moving the airport luggage and stop acting like a unsolicited financial advisor on these boards as one thing that is clear to anyone looking at your posting history is you don’t have a clue about shares.
Turns out I was RIGHT and you were WRONG when it comes to Cine and our views.
Muppet.
What a strange individual , the hypocrisy is purly amazing.
Maybe the original poster should listen to their own advice , this is coming from a investor that sold their shares over a year ago and continues to troll the board , craves respect , and demands to be heard.
GET OVER IT , you should of been long gone the moment you sold up , your a freak who's behaviour is on the boundaries of someone incredibly lonely whilst suffering from soke sort of mental disorder.
Look back through your messages like the rest of us can and ask yourself a honest question , is this behaviour normal and do I have issues, you might then come to the same conclusion as everyone else.
#getsomehelp it's never to late to talk
Good luck with that….
*rolls eyes
Order Granting Motion to Appear pro hac vice - John Giampolo (Related Doc # 2101) Signed on 8/31/2023.
it's Ok for some to say get over it'' because they got paid out by the lenders LOL!! but we, and the people that is still filing motion in this C11 case today on KROLL will never get over it, and if the USA judge is still granting motion to the disgruntled'' means even the judge is not happy with the amount of people that got left out in the cold, while these people run away to the Cayman Island with the £600k left in the PLC account, they will never get away with it, even if it take to the end of time, they may have hoodwink UK Court to shut us down and the going concern, to take our shares for now, but there is bigger people than us that will chase them to the end of time, bankrupt them and shut them down, and ensure they never get away with it