BEARGER 1,830 Posted February 19, 2014 Share Posted February 19, 2014 Being reported that Laxey have bailed us out in the short term. Wonder what the interest rates are? 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted February 19, 2014 Author Share Posted February 19, 2014 Tomorrow's Mail saying that Laxey & Easdalesxare loaning club 1.5 million, to be paid back in SHARES!!!!!! 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted February 19, 2014 Author Share Posted February 19, 2014 Mr Wallace said we had enough cash in the short term to mid term, that was just 2 months ago. 0 Quote Link to post Share on other sites More sharing options...
TheWee BlueDevil 0 Posted February 19, 2014 Share Posted February 19, 2014 Looks like we are beholden yet again to "get rich quick" types. Good Lord, I had hoped we were moving forward. Please forgive my stupidity! There is no light at the end of the tunnel, just a huge debt inc interest. Laughing stock and a cash cow all at the same time. I despair. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted February 19, 2014 Share Posted February 19, 2014 http://www.gersnetonline.co.uk/vb/showthread.php?61872-Tomorrow-s-Record-King-predicts-financial-meltdown-again/page12 0 Quote Link to post Share on other sites More sharing options...
plgsarmy 111 Posted February 19, 2014 Share Posted February 19, 2014 Next they'll be bringing out a membership scheme. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted February 20, 2014 Share Posted February 20, 2014 Next they'll be bringing out a membership scheme. I wouldn't hold your breath, Christine, 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted February 20, 2014 Share Posted February 20, 2014 (edited) There is no light at the end of the tunnel, just a huge debt inc interest. I doubt that Wallace will be comfortable with this; but if he has not been able to convince any other institutions to stump up, and things are worse than he thought, then it may have been his only option. I would assume it's what is needed to get us through to season ticket time. Edited February 20, 2014 by BrahimHemdani Patial deletion based on Forlanssister's comments 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted February 20, 2014 Share Posted February 20, 2014 They will get the loans repaid in full and shares in lieu of interest/arrangement fees etc. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted February 20, 2014 Share Posted February 20, 2014 They will get the loans repaid in full and shares in lieu of interest/arrangement fees etc. OK I couldn't read the small print; so again it depends on the price at which they are granted those shares. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.