Exclusive - THE NEWS WE ALL WANT TO HEAR

good news.

I believe if any shareholder aquires 29.9% they have to make an offer for the rest of the shares, but the holders do-not have to sell.

Once 90% of shares are held by one holder then that person/organisation can make a complusary purchase of the rest.

Any way f**king great news and an astute business man like TG wouldn't be getting involved with a bankrupt club unless there was more substancial investment to come.

yeah i think that's correct. i remember there was a big feature on SSN about it regarding the situation at Arsenal with Usmanov/Kronke/Dein etc

I think it can vary from company to company though. It will all be documented in the articles/memorandum though, but I'm not sure whether it would be the same in our case

Indeed it's encouraging news. Well done Steve Borley.

yes well done, if indead it is true.

carl i dont doubt you mate but were in a situation where anyone can start a rumor and once it gets to this stage its reached 10,000 people.
do you kow the source or has this just been passed onto you.

i do hope it is true and we can get our finances in order and then consentrate on the job in hand, of staying in the playoff zone

Just got in from a day out with the wife and kids.........god I hope this comes off, tonight I start praying and will do every night until he is gone and they are here.
Please let it be true, WTBF!!

Steve Borley is on his way back from Malaysia with an offer of 9p a share.

Peter Ridsdale is ready to accept the offer himself and resign from the board too.

IF the Malaysians do not come through with their offer Peter Ridsdale will leave by the end of the month, he has had enough of the pressure.

This story will run in tomorrows news and media outlets.

Borley was going to Malaysia to go with the ' drag on ' option, so even if Ridsdale didnt accept the offer then 51% of the shareholders would have forced the sale anyhow.

BUT WE DO NOT STOP WITH OUR PROTESTS AND DEMONSTRATIONS UNTIL HE HAS GONE, WE KEEP UP THE PRESSURE.

If Ridsdale is prepared to resign then they (the Malaysians) have no doubt negotiated a deal (pay off) for him to do so. I wonder how much?

Last edited by ihatealiens on Sun Mar 14, 2010 7:16 pm, edited 1 time in total.

good news.

I believe if any shareholder aquires 29.9% they have to make an offer for the rest of the shares, but the holders do-not have to sell.

Once 90% of shares are held by one holder then that person/organisation can make a complusary purchase of the rest.

Any way f**king great news and an astute business man like TG wouldn't be getting involved with a bankrupt club unless there was more substancial investment to come.

yeah i think that's correct. i remember there was a big feature on SSN about it regarding the situation at Arsenal with Usmanov/Kronke/Dein etc

I think it can vary from company to company though. It will all be documented in the articles/memorandum though, but I'm not sure whether it would be the same in our case

You might be right, my figures were a rough guess from what I remember about the Arsenal thing like SY mentioned

Also under Sam there might have been a different amount like 85% or something?

Yes I know the source and believe

Carl is in the know - a legendary AAMB moderator if ever there was one . Don't Google it - Carloogle it!!

Carl is in the know - a legendary AAMB moderator if ever there was one . Don't Google it - Carloogle it!!

Now that made me laugh

Carl is in the know - a legendary AAMB moderator if ever there was one . Don't Google it - Carloogle it!!

Yes I know the source and believe

thats all i wanted, thank you.

Yes I know the source and believe

So do we know if it's an investment or a takeover?

If they are offering 9p per share, and are trying to get Ridsdale to agree it sounds more like a takeover than just purchasing someone else's shares. Who's shares would he buy if it was just an investment, or would it be a new issue?

If they're looking at the drag along option, I'm sure that normally is for takeovers meaning that once 51% agree to a price it also applies to the other shareholders. I'm not sure whether the drag along is a tool used for buying an individuals shares

Yes I know the source and believe

So do we know if it's an investment or a takeover?

If they are offering 9p per share, and are trying to get Ridsdale to agree it sounds more like a takeover than just purchasing someone else's shares. Who's shares would he buy if it was just an investment, or would it be a new issue?

If they're looking at the drag along option, I'm sure that normally is for takeovers meaning that once 51% agree to a price it also applies to the other shareholders. I'm not sure whether the drag along is a tool used for buying an individuals shares

I am sure we will all know soon enough, I cant add anything to what I have said otherwise I will be making it up, I can only say what I was told but I am trying to get more answers to the questions.

Yes I know the source and believe

So do we know if it's an investment or a takeover?

If they are offering 9p per share, and are trying to get Ridsdale to agree it sounds more like a takeover than just purchasing someone else's shares. Who's shares would he buy if it was just an investment, or would it be a new issue?

If they're looking at the drag along option, I'm sure that normally is for takeovers meaning that once 51% agree to a price it also applies to the other shareholders. I'm not sure whether the drag along is a tool used for buying an individuals shares

I am sure we will all know soon enough, I cant add anything to what I have said otherwise I will be making it up, I can only say what I was told but I am trying to get more answers to the questions.

it was only ever going to be investment and not takeover.
still a long hard road ahead as 6 million will probably take us to the summer when we can try to offload some of the ridiculous high earners at the club.
on a more optomistic point if other parties now realise they can get shares for a quarter of the price the white haired liar was quoting them they might resume their interest in the club.
now where's that mobile number for ben steele

under article 8 of our clubs mission statement once 51% of the shares have been purchased by one party at a singular rate, i.e. 9p per share then the purchaser can activate a drag on forcing the remaining shareholders to sell at the same price. that is my understanding and is by no means a factual statement. you need to ask riddler if this is true.

he lost his fone in kiwi steve some tranny got it the fone i mean

Myself, i cannot see why anybody would wish to pump £6m into a failing business as an 'investment'?

I'm hoping that these Malaysians intend taking over the club sooner rather than later and putting it
on a sound financial footing. Why on earth would they put far more money in than anyone else on the
board and sit there watching the same old faces make the same old mistakes

As for a substantial pay-off for the Diddler, f*ck him, he'll get a decent wedge out of his shares, the
only saving grace is, it sounds like a 1/4 of what he had hoped for!!

I'm not a business brain, this just appears common sense to me!!

thanks for the info carl, some good news fr a change.

By my reckoning 9p a share gets EVERY share for £3.6million. If they are bringing £6million to the table is it a complete buyout with enough left over for the tax.

Myself, i cannot see why anybody would wish to pump £6m into a failing business as an 'investment'?

I'm hoping that these Malaysians intend taking over the club sooner rather than later and putting it
on a sound financial footing. Why on earth would they put far more money in than anyone else on the
board and sit there watching the same old faces make the same old mistakes

As for a substantial pay-off for the Diddler, f*ck him, he'll get a decent wedge out of his shares, the
only saving grace is, it sounds like a 1/4 of what he had hoped for!!

I'm not a business brain, this just appears common sense to me!!

I have to agree with you fully. Anyone making an investment usually takes something in return. That can be equity (shares) in the company (like in Dragons Den) or they buy PMG's mortgage and receve the Premier Seating income return or another loan note secured against the stadium?

Whatever it is no-one puts £6.5m into a business for nothing in exchange.

If this investment comes in next week or two am i getting far too carried away to think we might even be able to bring in a loan or two to cement our play off place????

YOUR SPOT ON Carl

RIDSDALE OUT.

YOUR SPOT ON Carl

RIDSDALE OUT.

It wont be long and he will be gone

YOUR SPOT ON Carl

RIDSDALE OUT.

It wont be long and he will be gone

Hope so.

Well done Carl its all true mate

cheers eddie it will come out in the press tomorrow

I do hope this is true........ Ive been like a demon for the last few weeks.

Ive almost convinced myself there would be no Club at the end of the season....as if to soften the blow.

Total bollox though.

Let's hope this comes to pass and if it does, we should have a celebration march when Ridsdale finally slings his hook.

will all shareholders like yourself and annis have to sell??? or do they just need a majoruty share holding to take over

If they can agree a price for 51% of the shares, all other shareholders are forced to sell to them at the same price if they exercise that option.

Just got in now.

Never expected to see this sort of news! Awesome!!!



I will now remember Mothers day for "other" reasons too from now on!

BLOOOOBIRRRDDDSS!

Just got in now.

Never expected to see this sort of news! Awesome!!!



I will now remember Mothers day for "other" reasons too from now on!

BLOOOOBIRRRDDDSS!

is this the same carl who said that ridsdale was definatly resigning ahead of the press conference where he apologised?,i dont know what to believe anymore