forlanssister 3,132 Posted November 21, 2012 Share Posted November 21, 2012 You keep going on about fan's money. If the proceeds of the flotation are used to pay off any loans then effectively that's fans money or at least a pro rata amount of repayments would be fans money. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 21, 2012 Share Posted November 21, 2012 ultimately that's always what it boils down too. one things for sure it won't be investors money. I doubt you'd have complained about a loan structure if the CVA had gone through. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted November 21, 2012 Share Posted November 21, 2012 Depending on interpretation it was either the entire £8.5m or £8.3m the difference being the treatment of the £200k exclusivity payment (it's unclear if that was part of the loan or not). It's worth noting that the prize monies, transfer fees receivable et al would not have reduced the loan which was interest baring and had to be paid back before Dec 31 2020, the rate of interest payable was not revealed. Given that it was pretty much the full £8.5m I'd say then it stands to reason that the £5.5m for the asset purchase was probably also a loan. In fact, the loan amount could still be as high as what was declared in the CVA proposal, perhaps even more if you consider that they were very quickly claiming to have 'invested' around £10m. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,132 Posted November 21, 2012 Share Posted November 21, 2012 Given that it was pretty much the full £8.5m I'd say then it stands to reason that the £5.5m for the asset purchase was probably also a loan. In fact, the loan amount could still be as high as what was declared in the CVA proposal, perhaps even more if you consider that they were very quickly claiming to have 'invested' around £10m. If that indeed is the case then every time Green claimed we were "debt fee" he in fact lied. I view the loan via the CVA as simply a method of hedging (it also has certain tax efficiencies) I'm not convinced of the same need to hedge in the 'newco' scenario of straight asset purchase. I assume any confusion should be cleared when the prospectus is revealed. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted November 21, 2012 Share Posted November 21, 2012 I assume any confusion should be cleared when the prospectus is revealed. Not holding my breath on that. I'm expecting a lot of pie in the sky financial figures, unrealistic turnoever projections and numerous counts of moonbeams with a lot of important questions left unanswered. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 21, 2012 Share Posted November 21, 2012 Not holding my breath on that. I'm expecting a lot of pie in the sky financial figures, unrealistic turnoever projections and numerous counts of moonbeams with a lot of important questions left unanswered. It's illegal to lie and not be transparent in that kind of thing i'm sure. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,132 Posted November 21, 2012 Share Posted November 21, 2012 Not holding my breath on that. I'm expecting a lot of pie in the sky financial figures, unrealistic turnoever projections and numerous counts of moonbeams with a lot of important questions left unanswered. I have no doubt the document will match your expectations! I hold almost identical expectation! 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,132 Posted November 21, 2012 Share Posted November 21, 2012 It's illegal to lie and not be transparent in that kind of thing i'm sure. Take a look at some of the prospectuses issued for companies floated on AIM and then see how they panned out and you'll see how naive in the extreme that statement is. Think 'shareholders circular'. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted November 21, 2012 Share Posted November 21, 2012 It's illegal to lie and not be transparent in that kind of thing i'm sure. I doubt very much if they'll lie, but I do think they'll exaggerate. As for transparency... well the document should be out soon and then we'll see just how transparent our new owners are willing to be. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 21, 2012 Share Posted November 21, 2012 Prospectus written off before it's even out. Safe to say neither of you two will be buying a share. 0 Quote Link to post Share on other sites More sharing options...
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