craig 5,199 Posted October 16, 2014 Share Posted October 16, 2014 That Wonga top is mingling. The virgin money one is smart though 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted October 16, 2014 Share Posted October 16, 2014 apparently he meant 100% of the shareholders outside the **** block. Then Jackson needs to be more careful how he words things..... Journalist in "mis-understanding" shocker. So this means the chuckle brothers are voting against King then..... Go figure. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 16, 2014 Share Posted October 16, 2014 25% less than anticipated is significant in anyone's language. Especially when it was an open offer as opposed to a pure rights issue. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,743 Posted October 16, 2014 Share Posted October 16, 2014 if you can't sell 4 million of shares at 20p each how can you possibly hope to sell the required 8 million (guestimate) to see out the season. more importantly really we need to recapture the missing 15-20k fans. thats where the real future lies. The problem with these shares apparently were a) that they were only on offer for existing shareholders and b) that they weren't enough for these people to significantly improve their own shareholding. Letham could have pumped some of his money into the club (that is were it will go right now, as the "wigs" can't remove much more out of it at this moment and time), got himself a greater shareholding which in turn would have given the Triumvirate a bigger shareholding in total later on - should they succeed. 25% less than anticipated is significant in anyone's language. As I intimated, 800k et al it would only have delayed any cash flow problems for a month or two. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted October 16, 2014 Share Posted October 16, 2014 The problem with these shares apparently were a) that they were only on offer for existing shareholders and b) that they weren't enough for these people to significantly improve their own shareholding. Letham could have pumped some of his money into the club (that is were it will go right now, as the "wigs" can't remove much more out of it at this moment and time), got himself a greater shareholding which in turn would have given the Triumvirate a bigger shareholding in total later on - should they succeed. As I intimated, 800k et al it would only have delayed any cash flow problems for a month or two. It is still significant no matter how you dress it up otherwise. Further, in case you have been hibernating for the last couple of years, we have been and currently are, on life support and "a month or two" could easily be the difference between life and death. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,743 Posted October 16, 2014 Share Posted October 16, 2014 It is still significant no matter how you dress it up otherwise. Further, in case you have been hibernating for the last couple of years, we have been and currently are, on life support and "a month or two" could easily be the difference between life and death. No, I was examining the outer rings of Saturn ... 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 16, 2014 Share Posted October 16, 2014 As I intimated, 800k et al it would only have delayed any cash flow problems for a month or two. It was only ever intended as a stop gap measure until the AGM where matters could be further addressed. 0 Quote Link to post Share on other sites More sharing options...
jhunter 0 Posted October 16, 2014 Share Posted October 16, 2014 It was only ever intended as a stop gap measure until the AGM where matters could be further addressed. Forlan was there any discussion at the fan's board meeting of the absolute state the club's finances are currently in? 0 Quote Link to post Share on other sites More sharing options...
scott12003 0 Posted October 16, 2014 Share Posted October 16, 2014 Now that a bailout offer of investment has been made, if it is blocked by certain shareholders that means either admin or taking Ashley's loan for the crown jewels "the badge". Which in my mind would leave the board open to legal action from other shareholders. Either way board must accept king or have another way to fund the business. Can't put the company into admin if someone is willing to invest! Surely the board have to act in the interests of the business and not just the shareholders. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted October 16, 2014 Share Posted October 16, 2014 Newcastle Chronicle . . . . http://www.chroniclelive.co.uk/sport/football/football-news/newcastle-united-become-collateral-damage-7943767 0 Quote Link to post Share on other sites More sharing options...
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