RE: If the London Stock Exchange Says 1p Share Price Fully Paid Each to Shareholders then Trading 212 and Freetrade Must Honour This Too Surely.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.