gaspard 562 Posted November 4, 2016 Share Posted November 4, 2016 The optimist in me says that we may deem it necessary to get money in to buy better players? less assume you are correct in that optimism - then, do you think club 1872 will elect to support resolution 11 ? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted November 4, 2016 Share Posted November 4, 2016 sorry that's above my heid FS, can you elaborate please? Last year there has the dis-application resolution passed there was a strong possibility that Ashley could have launched a legal action against it which would have at the very least severely delayed it's implementation or even negated it completely. This time what they've done with a 2/3 pre-emptive 1/3 non pre-emptive split is actually the investment industry best practice recommendation which means it would be pretty nigh impossible to get a court to stop. It also puts what was known as the "Easdale Bloc" under a bit of pressure as even if the were to take up their rights they'll probably still be diluted, not certain if those 10.4% shares which are subject to the S.793 notice can even participate but think it'll make little difference anyway. 0 Quote Link to post Share on other sites More sharing options...
gaspard 562 Posted November 4, 2016 Share Posted November 4, 2016 Last year there has the dis-application resolution passed there was a strong possibility that Ashley could have launched a legal action against it which would have at the very least severely delayed it's implementation or even negated it completely. This time what they've done with a 2/3 pre-emptive 1/3 non pre-emptive split is actually the investment industry best practice recommendation which means it would be pretty nigh impossible to get a court to stop. It also puts what was known as the "Easdale Bloc" under a bit of pressure as even if the were to take up their rights they'll probably still be diluted, not certain if those 10.4% shares which are subject to the S.793 notice can even participate but think it'll make little difference anyway. oh! the S.793 notice, right that's all clear now thanks for that think I'll stick to colouring-in books and watching tipping point 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted November 4, 2016 Share Posted November 4, 2016 How many more shares are the club allowed to issue? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 4, 2016 Share Posted November 4, 2016 How many more shares are the club allowed to issue? With permission as many as they like 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted November 4, 2016 Share Posted November 4, 2016 oh! the S.793 notice, right that's all clear now thanks for that think I'll stick to colouring-in books and watching tipping point Oh I'm sure you have a myriad of other ways to pass the time! 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted November 5, 2016 Share Posted November 5, 2016 think I'll stick to colouring-in books and watching tipping point Stick to colouring-in books mate. That tipping point is just beyond the pale. 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted November 5, 2016 Share Posted November 5, 2016 With permission as many as they like Are you sure about that? Not saying you're wrong, but I thought that any new "company" had to put a final figure of total number of shares on its prospectus. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted November 5, 2016 Share Posted November 5, 2016 Are you sure about that? Not saying you're wrong, but I thought that any new "company" had to put a final figure of total number of shares on its prospectus. It will potentially double the existing 81,478,201 shares 2/3 on a pre-emptive basis and 1/3 on a non pre-emptive basis. Given they can call a GM anytime and propose a special resolution gunslinger is technically correct, it's possible to increase the equity without issuing a prospectus (we did so via the Open Offer method) but that iirc has a limit of £5m. 0 Quote Link to post Share on other sites More sharing options...
barca72 440 Posted November 5, 2016 Share Posted November 5, 2016 As an aside, more shares on the move yesterday ... Rangers International Football Club PLC Symbol Ind Price Change on Price Currency Daily Volume RFC 27.5p 0 GBX 0 Trade Date Trade time Price Volume 03.11.16 14:00 27.5p 181,329 03.11.16 14:00 27.5p 181,350 0 Quote Link to post Share on other sites More sharing options...
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