Frankie 8,271 Posted February 8, 2017 Share Posted February 8, 2017 I'd expect a share issue to be good news by way of investment. Timing of this will be important though - i.e. not during a bad run of form with fans p!ssed off. 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,664 Posted February 8, 2017 Share Posted February 8, 2017 Oh good - more cryptic moonbeams from ITK posters That was a response to an enigmatic reference by Mr. Forlanssister. The news of BDO's pursuit of Nanker & Phelge was not the piece of "good news" to which he had referred in an earlier post. I am not "itk"; if I was, you would be the first to hear the story. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted February 8, 2017 Share Posted February 8, 2017 The first thing that would need to happen before anyone would even consider bringing Oldco out of Administration is win the Big Tax Case. Before that no other scenario's can even be looked at. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,395 Posted February 8, 2017 Share Posted February 8, 2017 The first thing that would need to happen before anyone would even consider bringing Oldco out of Administration is win the Big Tax Case. Before that no other scenario's can even be looked at. It's not in administration.it's in a liquidation process 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,413 Posted February 8, 2017 Share Posted February 8, 2017 If BDO are successful with his, added to the CB money that's over £50m in oldco accounts. If HMRC lose EBT case could oldco liquidation get reveresed ? And who would own oldco if Whyte is convicted of fraud? MIH doesn't exist anymore so who? Who would get MIH's 83p.c shareholding? Even if Whyte was convicted of fraud and MIH still existed, the shares in the club would not revert to MIH. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,395 Posted February 8, 2017 Share Posted February 8, 2017 Even if Whyte was convicted of fraud and MIH still existed, the shares in the club would not revert to MIH. who's got the shares MIH used to have? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,413 Posted February 8, 2017 Share Posted February 8, 2017 who's got the shares MIH used to have? Whyte bought them. MIH didn't suffer from any fraud that Whyte may or may not have committed and there would be no reason for MIH to get back the shares. that transaction would not get reversed. I don't know much about liquidation but my guess would be that either the shares revert to Whyte or that the liquidator would have the power to dispose of them to the highest bidder, but I may be totally wrong in that. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,395 Posted February 8, 2017 Share Posted February 8, 2017 Whyte bought them. MIH didn't suffer from any fraud that Whyte may or may not have committed and there would be no reason for MIH to get back the shares. that transaction would not get reversed. I don't know much about liquidation but my guess would be that either the shares revert to Whyte or that the liquidator would have the power to dispose of them to the highest bidder, but I may be totally wrong in that. I thought Green bought the shares from Whyte for £2 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,413 Posted February 8, 2017 Share Posted February 8, 2017 I thought Green bought the shares from Whyte for £2 Did that actually happen? I recall Green saying something about it being agreed, but not sure if that transaction actually happened, and if so, did it go to Green personally? Can shares be sold when a company is in liquidation? 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 8, 2017 Share Posted February 8, 2017 re. the shares... From memory, once the company went into administration, did the administrators not assume control/ownership of ALL shares & assets - hence why they have the power to sell everything. 0 Quote Link to post Share on other sites More sharing options...
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