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Finwit - I sent him screen shots of holdings in both our accounts. I didn’t catch at the end of today’s Zoom whether or not my wife needs to register separately or whether I can deal with both??
Can someone clarify WHO are we going to be suing, AND, do they have enough insurance cover to pay out a successful claim.
So who are the proceedings actually being served against - who / what names!? 🤔😮.
Treefern.
Yes you need to send both into him.
There are so many targets for this class action and many of the targets have insurance to cover such eventualities.
Plenty of money to go after for MC and the his clients.
Plus at the same time the financial authorities will be running alongside.
NO win NO fee
Could someone just clarify. I opened a share dealing ISA in my wife’s name. Does she have to register with Michael separately?
Hi, I was in the call today too. I thought it was pretty compelling.
My understanding was that the chances of us "losing" would only happen if it moved to live litigation. That is, if we couldn't reach an out of court settlement that we were satisfied with. If that happened, I think what I heard was that we would purchase insurance to cover the costs you mention in the event that we lose and have to pay costs.
Someone please come in and correct me if I've got that wrong.
Coco - If it went to litigation ie not settled out of court we could try and obtain litigation insurance or some other from some other backer. (As I heard it)
Join the call - your questions are answered there.
Thanks for the response Stas sounds promising. So who exactly would be forced to pay us the money back if COPL are no more and would we ever be likely to get the funds back in our lifetime if we did win the case?
I will try my best to get on the Thursday zoom call
Thanks again for your reply’s
Noon is probably too early - the app would have been polling for half an hour until waiting for the meeting to start. Typically fir these things best to login 5 minutes before start, I did so a couple of minutes before and then went in at 12.30.
Just says waiting for host to start the meeting
I signed in at noon
Its usually open for about 5 mins from start time.
Once the meeting starts, its closed off to late joiners.
Can’t get in to the damn thing!?!
I have joined late, but waiting to be let in.
Hi can anyone confirm if todays zoom meeting is running late because cant login
Next deadline to look out for ?
Qualified bid Deadline: 2nd May TOMORROW''
Notice of Auction: 6th May
Auction: 8th May
REGARDS...
It would be nice to get our investment back but we've been excluded from any gains in a company that had huge potential. What about some compensation for that?
Tii21,
Thanks for reply. Appreciated.
Struv, its imperative you get on a call, there's one today.
Target is to get 100% back + justice, however even a low ball 70% return would give you back £5,600, as opposed to doing nothing and being assured of getting nothing, and knowing inside that you helped let them get away with it due to your inaction - the choice is yours.
Your input is not likely to be 5% of you original stake, more like for you around half that maybe £200 risk to get back maybe between £5,600 - £8,000.
Seems like the best investment you would have ever made in COPL in my estimation.
Hi stas/all
Has there been any indication if we do win, what that might look like? How will we even be paid if the co have gone bust, how much are we likely to get back if we do win and how long that might take? Iv not been able to get on any zoom calls and I’m just trying to work out weather paying up to almost 5% of my money to fight this case after already losing £8000+. I’m worried it’s throwing good money after bad money or if it does cost between £300-500 the win would have to be substantial to make that money back plus my investment.
I’d like to add I appreciate all the good work that has been done here fighting the good fight.
What is yours/others expectation should we actually win?
Appreciate any reply’s
Thank you
Carp
Yes, you do have to register individually, I did the same but got an email back saying to do it separately, which I did.
Check your junk emails for those whom may of not had a reply, as it often goes in there.
You may get a 'household' discount on the fees too.
I agree wholeheartedly Stas
Many have been before the likes of Cowan, Richardson, Gupta, Sociopatholland, Gaffney, Ludwig, Anavio, Tennyson, JBER, Kerns and Kravitz.
Milken, Boesky, Madoff, Cameron etc etc etc.
All liars and corruption backed by friends in power that take from the middle and lower classes and give to themselves.
This needs to stop for the fabric of society to remain intact.
We have a duty to fight this for our own and family sakes but also for society sake. We can’t allow tyranny and corruption to be the norm.
Lloydy