Update on claim against Cineworld8 Aug 2023 20:30
To all Cineworld Shareholders;
We would prefer to provide updates via a mailing list so we spent time on the weekend working on setting that up on our Zoho e-mail account.
This week we will decide over how best to send out updates.
• We have agreed to get one of the solicitors who we have been meeting with to commission a barristers opinion paper, which will be submitted to a group who are interested in funding our case.
• Last week we spent a lot of time getting the paperwork together for the solicitors so they can start their work.
• Once the paperwork is complete, we will feed the barrister with what we have.
• We have sent the Cineworld board a request to provide a number of answers to questions regarding the plan. We do not expect them to answer but Council feels that we should have the request registered.
• We have sent a registered letter to the administrators to raise our concerns regarding the valuation in the plan. It should have arrived yesterday but I’ve not had an opportunity to check.
• We have likewise written to the Prime Minister, the UK Treasurer and the Investigations team at the, Department of Business and Trade. The Treasurer has acknowledged our complaint and referred us to the Administrators.
As of today:
• We’ve not had anyone step up to help keep the press informed.
• We’ve not had anyone attempt to contact other large investors or otherwise help reach out to people.
• We’ve not yet had a response for involvement from our requests to involve any of the other large shareholders in the group.
Consequently, things are moving slowly but surely. If anyone would like to support / contribute we could really use some help in some of these areas and in exchange for this assistance, we will certainly keep all who are actively involved, more up to date.
(on behalf of Cineworld Shareholders)
Email:
info@cineworld-shareholders.com
Sign In
Follow the stocks
