forlanssister 3,050 Posted October 14, 2014 Share Posted October 14, 2014 If you buy 51% of the shares, you have to offer the other 49% shareholders the same price is that right ? Not necessarily so, it's quite normal to ask for and be granted a dispensation from that rule. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 14, 2014 Share Posted October 14, 2014 Just a fraction below 50p. surprised it's that high. must be due to drop soon 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted October 14, 2014 Share Posted October 14, 2014 i have answered that several times. shareholders will have to vote. knowing a no vote will mean admin. That is not a proper answer as it suggests that those who have control have no other contingencies. Do you seriously believe that they have planned all this just to meekly give in at the first hint of trouble? 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted October 14, 2014 Share Posted October 14, 2014 I was thinking that if £16 million bought you 51% you might need to fork out the same for anyone else who wants to sell would that be the £30 million King talked about a year or two ago ? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 14, 2014 Share Posted October 14, 2014 I was thinking that if £16 million bought you 51%you might need to fork out the same for anyone else who wants to sell would that be the £30 million King talked about a year or two ago ? No, it was £30m investment into the club alone. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 14, 2014 Share Posted October 14, 2014 That is not a proper answer as it suggests that those who have control have no other contingencies. Do you seriously believe that they have planned all this just to meekly give in at the first hint of trouble? They have called an eGM to stop it. That's hardly meek. Who knows where else they have planned lots I am sure. They may well force admin out of spite. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted October 14, 2014 Share Posted October 14, 2014 They have called an eGM to stop it. That's hardly meek. Who knows where else they have planned lots I am sure. They may well force admin out of spite. So why are you saying that the shareholders would need to vote through a resolution which would be required to issue new shares? 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted October 14, 2014 Share Posted October 14, 2014 So why are you saying that the shareholders would need to vote through a resolution which would be required to issue new shares? With new shares the the money goes into the club. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 14, 2014 Share Posted October 14, 2014 So why are you saying that the shareholders would need to vote through a resolution which would be required to issue new shares? Because if the board accept this loan that's what will happen. Or the loan will have to be repaid. Or we go bust owing kingco a lot of money. You can of course structure the loan to suit. Just an example but you could say it carries a 10 percent premium if not repaid in shares. All assuming the board approve the loan. Which is also only the rumoured structure in fairness. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted October 14, 2014 Share Posted October 14, 2014 Because if the board accept this loan that's what will happen. Or the loan will have to be repaid. Or we go bust owing kingco a lot of money. You can of course structure the loan to suit. Just an example but you could say it carries a 10 percent premium if not repaid in shares. All assuming the board approve the loan. Which is also only the rumoured structure in fairness. That's just your pro-King spin. It is as tedious as the shite pumped out by Jack via McLaughlin, Lamont and McMurdo. 0 Quote Link to post Share on other sites More sharing options...
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