why doesnt the club sell shares to non shareholders ?

I don't really know this game but isn't this an option ?

I guess they aren't confident of the take up (there is a cost involved).

If they were sure of a minimum £100k coming in they would probably go ahead.

They were available at a minimum of £500 a time, but not many people were told about it at the time.

They were available at a minimum of £500 a time, but not many people were told about it at the time.

they were made available at the same time as the Malasian investment. I would have probably bought £250 worth but £500 minimum purchase with new nipper on the way and trying to grow my own business probably too much to justify at that moment in time. I suspect however the new issue not taken up will soon be transferred to the Malasian cnsortium allowing them to trigger the drag on clause in the clubs constitution and take over the remaining 70 odd % for basically f**k all.

They were available at a minimum of £500 a time, but not many people were told about it at the time.

they were made available at the same time as the Malasian investment. I would have probably bought £250 worth but £500 minimum purchase with new nipper on the way and trying to grow my own business probably too much to justify at that moment in time. I suspect however the new issue not taken up will soon be transferred to the Malasian cnsortium allowing them to trigger the drag on clause in the clubs constitution and take over the remaining 70 odd % for basically f**k all.

On the documents handed out prior to the EGM for the share issue they were only available to EXISTING shareholders. 12.7m of them -at a value of £2m. Only Borley and Whitely bought any quantity and then they didnt pay for them -took them in leui of their 'stadium completion bonus'. £130k others were sold, leaving £1.67m unsold.

The probalem being the legal costs involved don't really make it worthwhile selling small blocks of shares, hence the MINIMUM amount of £1000.

When this was done on a smaller scale some time ago they made a right mess of it and the share register was wrong for about 10 years !

Thanks Mower. I assume there will need to be new share issue approved at an EGM to enable a drag on to be invoked. Also the money currently being put in is in the form of loans that could be converted to shares??

Thanks Mower. I assume there will need to be new share issue approved at an EGM to enable a drag on to be invoked. Also the money currently being put in is in the form of loans that could be converted to shares??

There are £5.2m additional shares allotted, but not issued (on top of these and also the ones waiting to be converted from debt to Isaacs and PMG) which the malaysians could buy at a time to suit themselves.

I'm certain they have set the share position to a position where they could move relatively quickly.

Thanks Mower. I assume there will need to be new share issue approved at an EGM to enable a drag on to be invoked. Also the money currently being put in is in the form of loans that could be converted to shares??

Robbie .. one of the items hidden in the minutia of the EGM document was 'the directors shall then have the authority to allot the balance of new ordinary shares for cash otherwise than pro-rata to existing shareholders'.

Which translated seems to indicate that these shares can be sold to any other shareholder without having to offer them to everyone else - i.e the Malaysians can buy them all without having another EGM (or so it appears to me -I'm not a solicitor).

They also reserved the rights of the directors to sell these unallocated shares to a non-shareholder 'if circumstances dictate'.

Which appears to indicate if another substantial investor wanted to come in from outside they could buy these £5.2m shares. (and gain about 25% control)

They were availble for £1000 can't remember how many shares, it was under pr and in the program.

They gave an email address but i only ever got one reply so never bought any despite a few emails.

I wouldn't invest a penny at the moment Ming other than season tickets and club shop purchases.

Typical marketing from the club Annis. I'm sure that if marketed in the right way it would be a nice little earner for the club.

I would defiantly be up for getting some

1. Given the Club's debt burden, is the equity worth anything like the asking price? Buying debt instruments seems to be the way to go right now. The investment pattern of the key shareholders suggests that they have far more faith in secure debt than risky and overvalued equity.

2. Fans acting as individuals are always going to be less influential than a block of shares/investment via a fans-controlled group such as the Trust.

MG,

I am sure that some fans would invest but it would be like a drop in the ocean compared to the current debt.

Wait and see what happens over the next couple of months - you may get a much better opportunity.

Mike

I would love our club to go the way of Glasgow Rangers whose Supporters Trust offer a share savings scheme for as little as £10 p/m.

Over 5,000 supporters have become shareholders since its inception and raised well over a £1m.