GovanAllan 0 Posted May 18, 2012 Share Posted May 18, 2012 What is the share price at the moment because I'm sure it can only go one way and that's up a bit like the club. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted May 18, 2012 Share Posted May 18, 2012 The number of investors thing - was it not the media who decided how big the group was? Or did Green SAY it was 20? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,463 Posted May 18, 2012 Share Posted May 18, 2012 The number of investors thing - was it not the media who decided how big the group was? Or did Green SAY it was 20? Green has talked about 20 people consistently and did so again last night. However, when pressured he admitted he only had alleged secured funds from 5 or 6 people. 0 Quote Link to post Share on other sites More sharing options...
bigy 0 Posted May 18, 2012 Share Posted May 18, 2012 The thing is, if you were arguing for Green then having massive funds invested would be the wrong move as the cost of a CVA is likely to increase if HMRC/Ticketus know you have the money. If you're arguing against him then he's failing to back up what he's saying. He's certainly not convincing, but it's impossible to come down decisively one way or the other. Unfortunately it's another game of wait and see, but the big risk this time is if he doesn't follow through with the agreement the other options have all left the room. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted May 18, 2012 Share Posted May 18, 2012 The thing is, if you were arguing for Green then having massive funds invested would be the wrong move as the cost of a CVA is likely to increase if HMRC/Ticketus know you have the money. If you're arguing against him then he's failing to back up what he's saying. He's certainly not convincing, but it's impossible to come down decisively one way or the other. Unfortunately it's another's game of wait and see, but the big risk this time is if he doesn't follow through with the agreement the other options have all left the room. Doesn't really matter how much money somebody thinks you have or can raise, when it comes to the CVA what's on the table is what there is no more no less take it or leave. Could also be the reason there's only 5 investors at the moment the rest have been told to wait till the CVA is done or the Newco is up and running. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,463 Posted May 18, 2012 Share Posted May 18, 2012 Doesn't really matter how much money somebody thinks you have or can raise, when it comes to the CVA what's on the table is what there is no more no less take it or leave. Exactly. Yet people are saying we can't know the investors in case it jeopardises the CVA. 0 Quote Link to post Share on other sites More sharing options...
Juancornetto 1 Posted May 18, 2012 Share Posted May 18, 2012 The bid was £8.5m to achieve a CVA (Plan A), putting in any more at this stage would only reduce the potential available to invest and use for working capital after the event. Plan B would be buying the assets of RFC PLC for £8.5m so again putting any more in would only give creditors more of a return in the event of liquidation. There may well be 20 investors but I'd bet most of them only want to part with the money post CVA/Newco. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted May 18, 2012 Share Posted May 18, 2012 Exactly. Yet people are saying we can't know the investors in case it jeopardises the CVA. Good point Frankie I don't see the problem with releasing the names of the 5 he's used to raise the 8.5 they are in signed and sealed. As for the ones who may be waiting they have a right to withhold their name in a purely business sense. We know two already with McDonald & Stretford. 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted May 18, 2012 Share Posted May 18, 2012 (edited) A question or two for all the people wanting to know this groups plans in fine detail. Do Tesco or Asda tell everybody there plans in full details? Would any company tell there rivals there full funding and plans? Lets be honest here, the people that want to know every details of the Green group or any group are the media and TBK supporters in order to use it again them. It's not going to happen at this stage that we will know all the details, people know this but are useing this and the media against this group, shamefull. Edited May 18, 2012 by CumbernauldGers 0 Quote Link to post Share on other sites More sharing options...
foggy dewhurst 0 Posted May 18, 2012 Share Posted May 18, 2012 i think it will all hinge on what the outcome of the dreaded tax case is ,then the new owners whoever it is will then have to take action one way or the other . 0 Quote Link to post Share on other sites More sharing options...
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