Rangersitis 0 Posted September 12, 2014 Share Posted September 12, 2014 Share price dropped another 3.3% today. Now sitting at 22 pence which is the 52 week low. 0 Quote Link to post Share on other sites More sharing options...
scott12003 0 Posted September 12, 2014 Share Posted September 12, 2014 No wonder.how can investors be confident of the board when they can't even sell shares to existing shareholders for 20p. The whole board should hang their heads in shame but they'll blame Wallace and give him his bonus if he keeps quiet on the way the company operates. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 12, 2014 Share Posted September 12, 2014 No wonder.how can investors be confident of the board when they can't even sell shares to existing shareholders for 20p. The whole board should hang their heads in shame but they'll blame Wallace and give him his bonus if he keeps quiet on the way the company operates. Bang on the button. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 13, 2014 Share Posted September 13, 2014 No wonder.how can investors be confident of the board when they can't even sell shares to existing shareholders for 20p. 4 million unsubscribed shares paints a very gloomy picture of this board and their puppet masters' prospects of raising large scale investment from the market again in their planned larger offer, especially when we consider that someone could easily have taken up the 4 million unsubscribed shares for as little as £800k. They really needed this offer to be fully subscribed. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 13, 2014 Share Posted September 13, 2014 4 million unsubscribed shares paints a very gloomy picture of this board and their puppet masters' prospects of raising large scale investment from the market again in their planned larger offer, especially when we consider that someone could easily have taken up the 4 million unsubscribed shares for as little as £800k. They really needed this offer to be fully subscribed. Agreed, the shares are overpriced even at 22p and a further offer will have to be at a lower price again. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 13, 2014 Share Posted September 13, 2014 Agreed, the shares are overpriced even at 22p and a further offer will have to be at a lower price again. It's a bit of an eye opener when you consider the amount of cash they need to raise to be able to comfortably pay the bills from November till the end of May. At 20p a share they would need to issue and sell 50 million shares to raise £10 million. At 16p a share they would need to issue and sell 62.5 million shares to raise £10 million. and so on..... 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 13, 2014 Share Posted September 13, 2014 It's a bit of an eye opener when you consider the amount of cash they need to raise to be able to comfortably pay the bills from November till the end of May. At 20p a share they would need to issue and sell 50 million shares to raise £10 million. At 16p a share they would need to issue and sell 62.5 million shares to raise £10 million. and so on..... Difficult to know what the magic number might be; but 10p is not entirely inconceivable. In a way it's a bit like the old 5 for £1 raffle tickets, you don't really get any more chance or say if its 1 for £1 or 10 for a £1; it all depends on what you can afford to spend and how attractive the offer needs to appear. However, if they get authority to waive pre-emption and go for approx doubling of the 81,478,201 existing shares in issue then 80 million at a 45%-50% discount say 12.5p might be very attractive although highly unpleasant for exisiting shareholders. The next one has to appeal to the masses. So it has to be pitched at a level where most folk could afford it if so inclined. Something like 1000 shares for £125 or 2,000 for £250 perhaps. Also a real chance for RF/RST combined to get up to 5%. And of course, loose change for some others who have been mentioned in this saga. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 13, 2014 Share Posted September 13, 2014 Difficult to know what the magic number might be; but 10p is not entirely inconceivable. If they were to offer 100 million shares at 10p each that would be quite an attractive prospect for someone looking to take control of the Club. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 13, 2014 Share Posted September 13, 2014 There is still no guarantee that they will get the required number of votes to launch another share issue. Things should become clearer once the updated percentages are revealed. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 13, 2014 Share Posted September 13, 2014 If they were to offer 100 million shares at 10p each that would be quite an attractive prospect for someone looking to take control of the Club. They would have to offer for all the rest of course but that would probably mean you get the Club lock stock and barrel for less than £20m. 0 Quote Link to post Share on other sites More sharing options...
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