Bluedell 5,376 Posted September 14, 2013 Share Posted September 14, 2013 The way I see it is they seem to be buying up shares and making themselves entitled to representation on the board, if there's much better than them out there can they not do it instead? The way I see it is that their current shareholding in itself doesn't warrant one place on the board, never mind two. Better than them in what way? There's plenty better directors out there, I'm sure. However there's apparently nobody else willing to put their money where their mouth is and buy shares other than the Easdales, and I'm sure their shareholding will only continue to grow. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted September 14, 2013 Share Posted September 14, 2013 The way I see it is that their current shareholding in itself doesn't warrant one place on the board, never mind two. Better than them in what way? There's plenty better directors out there, I'm sure. However there's apparently nobody else willing to put their money where their mouth is and buy shares other than the Easdales, and I'm sure their shareholding will only continue to grow. Better out there willing to put the money up I mean, should have been clearer. Apparently even Paul Murray was saying they're entitled to board representation, but i'm no expert on these matters. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,376 Posted September 14, 2013 Share Posted September 14, 2013 Better out there willing to put the money up. On a separate point, it would be far better if they were investing that cash in the club rather than it going to third parties. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted September 14, 2013 Share Posted September 14, 2013 Wonder what Vladamir Romanov is up to. I bet most fans would buy into him to be perfectly fucking honest. They did with Di Stefano and his moronic youtube videos. He was another crook (with experience of already destroying an SPL team no less) that our fans lapped up. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted September 14, 2013 Share Posted September 14, 2013 On a separate point, it would be far better if they were investing that cash in the club rather than it going to third parties. Yes but unless you're in an IPO situation then that's how shares get bought isn't it? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,376 Posted September 14, 2013 Share Posted September 14, 2013 Yes but unless you're in an IPO situation then that's how shares get bought isn't it? It is, but It's just a general point I'm making. It's not a specific criticism but just looking at it in an idealistic way. 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted September 15, 2013 Share Posted September 15, 2013 what happens with the shares that weren't taken up at the IPO? 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted September 15, 2013 Share Posted September 15, 2013 what happens with the shares that weren't taken up at the IPO? They were taken off the market. Unsure of the exact legalities but I think they can be released again under a rights issue. Maybe the more informed bears will correct me? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,066 Posted September 15, 2013 Share Posted September 15, 2013 They were taken off the market. Unsure of the exact legalities but I think they can be released again under a rights issue. Maybe the more informed bears will correct me? Pretty sure they can be issued by the Directors, I expect there will be a resolution at the AGM that grants the Directors the authority to allot the unissued shares for cash, it's a pretty standard standard resolution as is the right for a company to buy its' own shares then cancel them. One to watch for however may an attempt to get authority to disallow pre-emption rights a useful tool to manipulate shareholdings to certain shareholders favour and the detriment of others i.e the little shareholders (fans) get screwed over, think this requires at least 75% of the votes to carry though. 0 Quote Link to post Share on other sites More sharing options...
TheTinMan99 0 Posted September 15, 2013 Share Posted September 15, 2013 what happens with the shares that weren't taken up at the IPO? Charles bought them personally. 0 Quote Link to post Share on other sites More sharing options...
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