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The current regime has no money but won't relinquish control, King has money but won't release it without control. Looks like the Club is stuffed

 

Perhaps we should ask the UN to send peacekeepers and negotiators; they don't seem to be doing much good in the Ukraine.

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The current regime has no money but won't relinquish control, King has money but won't release it without control. Looks like the Club is stuffed

 

If he buys shares he will get control but he won't do that up until now anyway. The forthcoming shares issue will tell us all we need to know about DK

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If he buys shares he will get control but he won't do that up until now anyway. The forthcoming shares issue will tell us all we need to know about DK

 

It will likely tell us nothing about DK. Probably be a rights issue or a share issue at a level where (1) the current shareholders will not be diluted enough to lose power (2) they re-finance at as low a level as possible just to keep it ticking over (3) until ST holders give in and / or matchday sales generate money and (4) therefore keep DK from possibly gaining a majority holding.

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If i was in Dave Kings shoes i would let the club go into admin again this is about taking the club forward as a going concern which this board will not be able to do if they proceed with a rights issue today how long would it take to setup?

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Im not sure about that Rab. Is the forthcoming share issue not just for existing shareholder's ? Would he not have to use a vehicle and be limited in what he can acquire ?

 

BH will be able to clarify

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Im not sure about that Rab. Is the forthcoming share issue not just for existing shareholder's ? Would he not have to use a vehicle and be limited in what he can acquire ?

 

BH will be able to clarify

 

LOL D'Art! In the absence of a leg-pulling smilie say hello to Sealy the laughing seal :seal:

 

:D

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Im not sure about that Rab. Is the forthcoming share issue not just for existing shareholder's ? Would he not have to use a vehicle and be limited in what he can acquire ?

 

BH will be able to clarify

 

The chances of existing shareholders investing tens of millions would seem very remote IMO. Easdale said they had investors ready to invest before the agm, but so far they have nit come forward.

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