ian1964 10,761 Posted May 7, 2018 Share Posted May 7, 2018 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted May 7, 2018 Share Posted May 7, 2018 1 hour ago, alskoosher said: Isn't the proposed issue a rights issue for selected existing shareholders enabling purchase of future share issues shares at a discount. Isn't a NOMAD and all that goes with it required for any public offering ? NOMAD's are only required for companies on the AIM market, we are not on the AIM market we do not need a NOMAD, so find another stick with which to beat King. 1 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted May 7, 2018 Share Posted May 7, 2018 6 million won't even cover working capital through next season. We need a much larger injection that that. Definitely would have been better saying nothing. 3 Quote Link to post Share on other sites More sharing options...
Uilleam 5,966 Posted May 7, 2018 Share Posted May 7, 2018 £6M raised from existing/selected sh/holders; not all extant debt converted to equity. Is there anything else? Even takng STs, player sales, merchandising, etc. given the running costs, there doesn't look like a substantial kitty. How did the Board get SG to agree? 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted May 7, 2018 Share Posted May 7, 2018 Sack Gerrard. Bring in Harry Potter. 2 Quote Link to post Share on other sites More sharing options...
Soulsonic5791 408 Posted May 7, 2018 Share Posted May 7, 2018 1 minute ago, craig said: 6 million won't even cover working capital through next season. We need a much larger injection that that. Definitely would have been better saying nothing. Agreed. On the surface of things this looks pointless but Dave doesn't do things without having a reason. For all we know he is speaking figuratively. 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted May 7, 2018 Share Posted May 7, 2018 1 minute ago, Uilleam said: £6M raised from existing/selected sh/holders; not all extant debt converted to equity. Is there anything else? Even takng STs, player sales, merchandising, etc. given the running costs, there doesn't look like a substantial kitty. How did the Board get SG to agree? He said no discussions on finance took place with steven. Why would a guy who has never managed a club and not received an offer from as big a club as ours need to know about money to convince him? Was just usual culprits putting two and two together then kidding on they have knowledge from the club Decision to hire Gerrard was done over ten days not four months as king said nothing indepth took place. As have been saying for a while king had full control of selection this time and he will cover whats needed to entice him. 1 Quote Link to post Share on other sites More sharing options...
compo 7,227 Posted May 7, 2018 Share Posted May 7, 2018 £6 million is not near enough to build a wining team looks like another smoke and mirrors job ,you pay out peanuts Dave you get monkey's 1 Quote Link to post Share on other sites More sharing options...
Walterbear 557 Posted May 7, 2018 Share Posted May 7, 2018 3 minutes ago, Uilleam said: £6M raised from existing/selected sh/holders; not all extant debt converted to equity. Is there anything else? Even takng STs, player sales, merchandising, etc. given the running costs, there doesn't look like a substantial kitty. How did the Board get SG to agree? This is what baffles me. We have had talk of an investment strategy and Park leading it and we have talk of major infrastructure stadium investment for 2022 and we need to fund SG but we are no nearer than we were a year ago to understanding how all that happens. We can probably get to an operating level of break even but that that doesn’t deliver any of the stuff we really need to take the club upwards. Folk appreciate stabilising is the priority but we need to see tangible proof of more than that. 0 Quote Link to post Share on other sites More sharing options...
buster. 5,260 Posted May 7, 2018 Share Posted May 7, 2018 Not much point in commenting on warchest size until we see a fuller picture further down the line. It's about spending what we have wisely and getting a lot more out of the assets currently employed. 1 Quote Link to post Share on other sites More sharing options...
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