Share issue

[Dirty Parry]

From any of the reports I've seen on a share issue the general consensus ahs been £100m for 30%. Obviously that could be complete bollocks for all we know.

 

I've just noticed the realtive weak Dollar against the Pound & Euro. Given those two are probably too thick to be able to convert from Dollars, now might be the time for someone to make an offer.

 

DP - I thought the reason for the share issue was to reduce the debt and hopefully provide further investment later. I can't see them pocketing that money (even if as you say they are within their rights too) Knowing the snidy fuckers though they'd probably take a bit of it for themselves.

 

george. they can use the money for whatever reason they want. they could say its to pay off debt then decide once they have the money to do what they want with it. they are the owners they do what they want. unless the banks have a charge on any new money coming into the club the banks cant tell the owners to pay off one penny over and above the agreed repayments.

[Nick Leeson]

they can put any price on the shares as they want. if they put some silly figure on them though no one would buy the shares so theyd look very foolish. directors tend to value shares in line with the companys value but they could offer them for sale at a quid each or 1 million each.

Yeah I understand they'd look stupid but that didn't stop them wanting almost twice what they paid 18 months earlier.

[piscinin]

george. they can use the money for whatever reason they want. they could say its to pay off debt then decide once they have the money to do what they want with it. they are the owners they do what they want. unless the banks have a charge on any new money coming into the club the banks cant tell the owners to pay off one penny over and above the agreed repayments.

 

The only thing they'll be caring about at the moment is getting the balance sheet in a position so they can take on even more debt so that they can build the stadium.

[Dirty Parry]

Yeah I understand they'd look stupid but that didn't stop them wanting almost twice what they paid 18 months earlier.

 

well even rafa claims the club is now worth 500 million.

 

The only thing they'll be caring about at the moment is getting the balance sheet in a position so they can take on even more debt so that they can build the stadium.

 

could be. or they could just be chatting more shit.