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Sportsworld Media Share Discussion Threads
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SPORTSWORLD MEDIA - No Liquidation Payment
Further to our previous correspondance we have now received documentation to confirm that there is no prospect of a distribution to shareholders.
As this is the case your SPORTSWORLD MEDIA ORD GBP0.01 shares have been removed from your account.
|An example of - GreenRichard's - intellectual prowess!!
GreenRichard - 14 Feb'06 - 22:18 - 1332 of 1335 (premium)|
|10k for me only. have written them off but will keep an eye on just in case|
|Down 4k here - 100k shares|
|I had a letter in the post a while back saying that it wasn't worth pursuing.|
|Whats the lastest with SWD? I'm sure i got a email from magenta one a while back saying that it was not worthwhile pursuing any action.
I had a look in my online trading account and the shares have just dissapeared. Whats our position as far as writing these off is concerned?|
|I have emailed David Monks today as well|
|Please read the following thread.
A firm of solicitors are collecting shareholder details in view of litigation. It may not come to anything but it wont cost you anything upfront.
Email firstname.lastname@example.org with full details of your holdings.|
|I have emailed David Monks today. I was unaware of this possible action. I am sure there are other SWD shareholders who would be interested if they were made aware.|
|If the FSA can get some money out of those responsible for misleading investors, why not sue them yourself?
|Thanks Kevin for the update i am in the same frame of mind as you being misled by the company. I have lost around £19k so if something comes out good if not at least we have tried. I think people who have bought the shares in SWD should give it a chance nothing to lose i persume.|
|I sent my details off the other day, would be nice to get something more back than the few hundred quid i was offered!
It seams a shame/supprizing that there are only 27 shareholders registered. There must be a lot more out there with no idea about Magenta One :(|
|Good man Eddie. Lets hope enough people reply to get the ball rolling.|
|I wrote to David Monks last December giving some details but appear to have been left out of the latest activity so I've just emailed him again. I see there are two versions of his email address in posts 1 and 15. Can anyone confirm that either one is OK to use?
(Edit) He has since replied to me almost immediately and I'm now providing him with information on trades etc.|
|Yes, email from David Monks came yesterday, I am v.busy at the moment, but I will respond in the next day or so.|
|Post removed by ADVFN|
|I just got an email today from David Monks at Magenta one enquiring about the shareholdings and the email read:...
"As you are aware we are looking at the opportunity to recoup funds from Sportsworld Media Group.
What is required by the UK solicitor is the trade dates and prices of your purchases and sales. If you able to supply this and any another information, such as prospectus or news releases this will help to support our case."
I sent him my holdings etc and received an email by return stating:....
"Thank you, the solicitor believes that we have a case which will develop in two stages. Once we have all relevant information together the solicitor will proceed."
Anyone who has not yet contacted Magenta one about this challenge please do so as we all have nothing to loose and some may have quite a lot to gain. Will not be a quick case but then we have all but writen of the money now anyway.... worth a go I think.|
|hillbilly999 - have you replied to the above?|
|anyone know what this is about?|
|BCDjust got this today don't know if it will make any difference but it sure can't hurt.....dave
Our Ref: AJO/JWL/632790-11 (LS)
6 August 2004
Sportsworld Media Group
I am a partner at Irwin Mitchell solicitors who specialises in group actions in commerce and fraud cases in
the UK. I have been provided with your details by David Monks of Magenta One (www.magenta-one.com).
I understand that you are a continuing shareholder of SMG who may be interested in exploring your legal
rights to bring a claim for compensation. This follows the collapse of SMG, the suspension of its shares on
2nd April 2002 and the FSA fine imposed on SMG's Chief Executive in March of this year.
At present, 27 disadvantaged shareholders with over 1.5m shares have registered their details with
Magenta One, although I understand that many more investors may well be interested in obtaining further
As a starting point it would be helpful if you could acknowledge receipt of this letter and confirm if you are
interested in finding out more. I would appreciate having your response (positive or negative) over the next
14 days. By responding you are in no way committing yourself to taking action, nor will you be incurring
any fees whatsoever.
Subject to your response l will then set out how we may be able to assist and on what terms. If you have
any questions in the meantime please reply to this message, or contact me on the number below.
Birmingham Leeds London Newcastle Sheffield
telephone 0870 1500 100
Regulated by the Law Society. Authorised and Regulated by the Financial Services Authority.
A full list of the Partners of Irwin Mitchell is available for inspection at these offices.|