CINE.L Share Price (CINE)

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?????????????

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.

Any updates?