RESTRUCTURE EXISTING SHARES....??

So we are skint and have historic creditors snapping at our heels.

The Malaysians took a punt on promotion being able to clear all the mess and made sure Ridsdale was to nowhere near the new pot of money it would have brought.

What we are left with is a rugby biased board (who should still be thanked for getting the stadium up and running) who have no wish to increase it's cash investment in the club. Who should the Malaysians keep chucking their money in the pot?

Administration would likely bring 20p in the £ to creditors, including Guy and Hall etc.

So presumably the Malaysians are looking to put so much pressure on them with a view to ultimately acquiring more of their shares in exchange for working capital? I'd be surprised if they did not have this as their Plan B all along. So, they negotiate hard with all trade debtors (football debtors will be paid) and then tell Guy we will keep it all afloat for X % of your shares.....

I would imagine something like that is going on.

So we are skint and have historic creditors snapping at our heels.

CORRECT , BUT AT LEAST SOME OF THEM ARE AT OUR HEELS AND NOT OUR THROAT.AND MOST OF THEM HAVE NOW AGREED NOT TO BITE FOR SEVERAL MONTHS OR EVEN YEARS .

The Malaysians took a punt on promotion being able to clear all the mess and made sure Ridsdale was to nowhere near the new pot of money it would have brought.

THEY CLEARLY WOULD HAVE FAR PREFERRED A PROMOTION , WITH ALL THE SHORT TERM PAYBACK FINANCIALLY IT WOULD HAVE GIVEN THEM. BUT THEY STILL TOOK A "PUNT" (OF APPROX. £8M) BY WAY OF INVESTMENT AFTER WE FAILED TO WIN THE PLAY-OFF.

What we are left with is a rugby biased board (who should still be thanked for getting the stadium up and running) who have no wish to increase it's cash investment in the club. Who should the Malaysians keep chucking their money in the pot?

I KNOW I TAKE THE BAIT EVERY TIME ON THIS COMMENT. BUT WHERE HAS THIS IDEA THAT WE HAVE A RUGBY BIASED BOARD COME FROM (OTHER THAN A COUPLE OF PEOPLE CLAIMING IT THEN OTHERS FOLLOWING THE CLAIM WITHOUT QUESTION)?
LIST OUT THE CURRENT MEMBERS OF THE CCFC HOLDINGS BOARD , THEN SAY WHICH OF THEM HAVE A RUGBY BIAS , AS PERSONALLY I SIMPLY CAN`T SEE IT. I MAY BE WRONG - SHOW ME.

Administration would likely bring 20p in the £ to creditors, including Guy and Hall etc.

THERE IS NO WAY OF ACCURATELY TELLING HOW MUCH A DISTRIBUTION IN AN ADMINISTRATION WOULD PAY OUT TO THE VARIOUS CLASSES OF CREDITORS.
THERE IS NO WAY OF TELLING IF THE CLUB COULD EVEN GET OUT OF ADMINISTRATION BY A CVA AND SURVIVE AT ALL BECAUSE OF HOW THE LEGAL VOTING WORKS.
THE ONLY ASSET AVAILABLE TO SELL TO PAY CREDITORS IS THE PLAYERS. IN AN ADMINISTRATION THERE WOULD BE GREAT PRESSURE TO SELL THEM OFF QUICKLY AND THEREFORE CHEAPER THAN MARKET VALUE OFFERS WOULD BE LIKELY TO BE ACCEPTED.AND ANY PROCEEDS WOULD FIRSTLY GO TO PAY OFF FOOTBALL DEBTS ,THEN SPORTS ASSET MANAGEMENT WHO APPEAR TO HAVE A CHARGE OVER SOME OR ALL OF THE PLAYERS , THEN TO OTHER SECURED CREDITORS SUCH AS PMG ,VT/TG ETC. I CAN`T SEE THERE BEING MUCH IF ANYTHING LEFT OVER AFTER THAT AND THE COSTS OF ADMINISTRATION SO 20P IN £ LOOKS OVEROPTIMISTIC.
IF UNSECURED CREDITORS(LANGSTON , HMRC AND OTHERS) GET VIRTUALLY NO PAYOUT IN AN ADMINISTRATION , WHY WOULD THEY VOTE IN FAVOUR OF A CVA TO ALLOW THE CLUB TO SURVIVE?

So presumably the Malaysians are looking to put so much pressure on them with a view to ultimately acquiring more of their shares in exchange for working capital? I'd be surprised if they did not have this as their Plan B all along. So, they negotiate hard with all trade debtors (football debtors will be paid) and then tell Guy we will keep it all afloat for X % of your shares.....

A SENSIBLE PLAN WOULD BE TO REACH AGREEMENT WITH ALL CREDITORS AS TO THE TERMS OF DEBT REPAYMENT BEFORE SHOWING YOUR HAND AS TO HOW MUCH CASH IS AVAILABLE.

Keith

Ive got faith in TG !!!

Ive got faith in TG !!!

It would be "Madness" not to!

A SENSIBLE PLAN WOULD BE TO REACH AGREEMENT WITH ALL CREDITORS AS TO THE TERMS OF DEBT REPAYMENT BEFORE SHOWING YOUR HAND AS TO HOW MUCH CASH IS AVAILABLE.

Keith

That is my ultimate thoughts on what is going on. There was a much overlooked report in the Football League paper last September which claimed the Malaysian investment 'could be worth up to £39m'

Looking at the recent 2009 accounts that figure would be in the ball park for paying off debt and securing equity in CCFC.

Therefore if we assume/speculate that the Malaysians put aside £39m for the project of buying and owning a debt free CCFC lock stock and barrel, then cutting the best deals possible in the hope of getting it for far less would make perfect business sense.

A SENSIBLE PLAN WOULD BE TO REACH AGREEMENT WITH ALL CREDITORS AS TO THE TERMS OF DEBT REPAYMENT BEFORE SHOWING YOUR HAND AS TO HOW MUCH CASH IS AVAILABLE.

Keith

That is my ultimate thoughts on what is going on. There was a much overlooked report in the Football League paper last September which claimed the Malaysian investment 'could be worth up to £39m'

Looking at the recent 2009 accounts that figure would be in the ball park for paying off debt and securing equity in CCFC.

Therefore if we assume/speculate that the Malaysians put aside £39m for the project of buying and owning a debt free CCFC lock stock and barrel, then cutting the best deals possible in the hope of getting it for far less would make perfect business sense.

Good......so I'm on the right wavelength, then !!