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The All New Sevco Back in Yer Bin Thread; Taking out the trash
Topic Started: 29 Apr 2018, 04:24 PM (2,086,630 Views)
Asgardstreasure
Retired and now a BT Sports pundit
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Fawkes said: “There will certainly be a group of people on the internet who will make a big thing of it if the 10 per cent goes down or we drop from second to third or second to fourth.
“A lot of people say they are signed up to Club 1872 because, for them, it is about protecting the club. They put their money in and they just want to know it is going to benefit the club and protect the club for future generations.
“Particularly now, at a time when we are rebuilding at the club, people will want to see their money going straight in so they might not be too hung up on the 10 per cent.”

So whi' if the shares are diluted ? Money's on the park, who cares if wur shareholdin' goes doon :angry:


And later ...

Fawkes said: “With the organisation pushing for a board place, obviously the higher the shareholding is the easier it is to justify that board place. It is the same for any investor.
“We are aiming for two things – a board place and 25 per cent – and both of them can only be achieved by putting in more money for shares.
Edited by Asgardstreasure, 9 Jun 2018, 03:48 AM.
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atalan
First team training
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Was in the company of someone who works at Derby County last night. He said that Sevco wanted to talk to Darren Bent but he knocked them back straight away when he heard the wage offer
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tonyjaa-csc
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Smsm have invented a story that Alnwick (bought for 100k) is set for a move to an English Championship side for 250k

Its amazing that 6 league appearances for ra mighty berrrz increases his value 150k, truly amazing

Sevconomics
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Strontiumdog
Occasional Substitute
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It certainly reads like an advertorial.
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Gothamcelt
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“I won’t be surprised if he makes the England squad because he is that good. You don’t buy players for £3m unless they can play".
All because he "will be playing" for The rangers?

Connor Goldson has same qualities as John Stones and will be a star for Rangers
Rangers are on the brink of signing the Brighton defender and Mellon believes he will be a big player for the club.
Spoiler: click to toggle
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Harry68
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A 25 year old who has barely played a first team game in seasons will be a future England international?

That’s a whole new level of turd polishing even for the Daily Record.
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tomtom
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Gothamcelt
9 Jun 2018, 08:47 AM
“I won’t be surprised if he makes the England squad because he is that good. You don’t buy players for £3m unless they can play".
All because he "will be playing" for The rangers?

Connor Goldson has same qualities as John Stones and will be a star for Rangers
Rangers are on the brink of signing the Brighton defender and Mellon believes he will be a big player for the club.
Spoiler: click to toggle
"There’s a lot of good young players underneath first-team level in the Premier League but few with Connor’s experience."

He's 25 FFS :cuckoo: :cuckoo:

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puroresu_boy
First-team starter
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Harry68
9 Jun 2018, 08:52 AM
A 25 year old who has barely played a first team game in seasons will be a future England international?

That’s a whole new level of turd polishing even for the Daily Record.
The desperation is real
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Torquemada
Off treasure hunting in Holland
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I don't want to get all spiky golf shoes with this post -- reading the moronic Gub's offering in 2000 is still one of life's occasional guilty pleasures :lol: -- but you have to think King is finally all in. The appointment of a "name" without a minute's experience as manager, the cutting back of Celtic fans' allocation to make room for more season ticket sales up-front, the desperate plea to Club 2012 to raise a million to buy shares for an offering that might never happen, and now a parking season ticket of £240 are all acts of a drowning man clutching at straws.

Or, even more worrisome for the unwashed, the final flourish of a con man who has extracted all he is ever going to from the stupidest fanbase in football. :) The fact that nothing has been written about the resignations of Paul Murray and Cillit Bang man is astonishing even for the forelock tuggers of the SMSM. What do the directors know that the rest of us (bar Phil, I suppose ;) ) don't?

If they've sold 45,000 STs at, say, £500 a pop, that's £22.5m, with reduced match day walk-up revenue to come. They'll have to sell a lot of Humming tat and get through a couple of Europa rounds even to reach a turnover of £40m. With around £3.5m to repay to Close Brothers, Hector ensuring that taxes are paid on time, and some directors apparently asking for their loans to be repaid, StevieG better get off to a flyer before King has to! :lol:

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Corpachbhoy
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Kingslim
8 Jun 2018, 09:39 PM
Corpachbhoy
8 Jun 2018, 09:02 PM
Luca
8 Jun 2018, 08:18 PM

Quoting limited to 3 levels deep
The original TRFC ... Tranmere Rovers. :)
Seems to be an annual pre-season game

Did it not end up a bit tasty and someone got a red in one of the recent friendlies?
Haven't been to the last couple. Didn't want to see thousands of Tellypudlians cheering as the 6th or 7th goal went in. :nono:
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Sunny Jim Young
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Isn’t the whole point of a rights issue that you have a right to buy new shares in proportion to the shares that you already own? So in a rights issue your proportion of ownership can only be diluted if you choose not to exercise your right.

And if you choose not to exercise your right then you can sell it, provided the rights issue price is below the market value

The problem for RIFC is that there is no market in these shares. They maintain that the 20p per share that the GASL has been ordered to pay is below their true value. If this issue goes ahead we will find out. I doubt if anyone bar their delusional fans will be buying at anything like 20p per share
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jim62
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up on the roof!!

Sunny Jim Young
9 Jun 2018, 11:11 AM
Isn’t the whole point of a rights issue that you have a right to buy new shares in proportion to the shares that you already own? So in a rights issue your proportion of ownership can only be diluted if you choose not to exercise your right.

And if you choose not to exercise your right then you can sell it, provided the rights issue price is below the market value

The problem for RIFC is that there is no market in these shares. They maintain that the 20p per share that the GASL has been ordered to pay is below their true value. If this issue goes ahead we will find out. I doubt if anyone bar their delusional fans will be buying at anything like 20p per share
The share issue they are proposing is not a rights issue...I.e. every shareholder having the right to buy new shares in proportion to their current holding...their AGM approved the board being able to issue a certain number of new shares to anyone

To give one example... They could issue new shares to the directors as “ repayment” of their loans....would remove the debt but not add a penny to their capital
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CaltonBhoy1967
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Deleted.
Edited by CaltonBhoy1967, 9 Jun 2018, 11:57 AM.
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TheGloryYears
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Brighton have some real quality in defence if they can afford to let this future England captain and dead cert World Cup winner go.

And are obviously richer than the richest of richest ever clubs to let him go for a mere 3 million quid , just because he's a top bloke and they don't need any more dosh .

Great times to be a Brighton fan

Worrying ones for us .
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CaltonBhoy1967
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CaltonBhoy1967
9 Jun 2018, 11:41 AM
Torquemada
9 Jun 2018, 10:53 AM
I don't want to get all spiky golf shoes with this post -- reading the moronic Gub's offering in 2000 is still one of life's occasional guilty pleasures :lol: -- but you have to think King is finally all in. The appointment of a "name" without a minute's experience as manager, the cutting back of Celtic fans' allocation to make room for more season ticket sales up-front, the desperate plea to Club 2012 to raise a million to buy shares for an offering that might never happen, and now a parking season ticket of £240 are all acts of a drowning man clutching at straws.

Or, even more worrisome for the unwashed, the final flourish of a con man who has extracted all he is ever going to from the stupidest fanbase in football. :) The fact that nothing has been written about the resignations of Paul Murray and Cillit Bang man is astonishing even for the forelock tuggers of the SMSM. What do the directors know that the rest of us (bar Phil, I suppose ;) ) don't?

If they've sold 45,000 STs at, say, £500 a pop, that's £22.5m, with reduced match day walk-up revenue to come. They'll have to sell a lot of Humming tat and get through a couple of Europa rounds even to reach a turnover of £40m. With around £3.5m to repay to Close Brothers, Hector ensuring that taxes are paid on time, and some directors apparently asking for their loans to be repaid, StevieG better get off to a flyer before King has to! :lol:

Ffs Torq - Way too much common sense insight there - Think of the kds lurkers - You are ruining their King/Gerrard Dream Team wet dreams ffs. :lolhuns:
Edited by CaltonBhoy1967, 9 Jun 2018, 11:56 AM.
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Sunny Jim Young
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Turning the town red
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jim62
9 Jun 2018, 11:41 AM
Sunny Jim Young
9 Jun 2018, 11:11 AM
Isn’t the whole point of a rights issue that you have a right to buy new shares in proportion to the shares that you already own? So in a rights issue your proportion of ownership can only be diluted if you choose not to exercise your right.

And if you choose not to exercise your right then you can sell it, provided the rights issue price is below the market value

The problem for RIFC is that there is no market in these shares. They maintain that the 20p per share that the GASL has been ordered to pay is below their true value. If this issue goes ahead we will find out. I doubt if anyone bar their delusional fans will be buying at anything like 20p per share
The share issue they are proposing is not a rights issue...I.e. every shareholder having the right to buy new shares in proportion to their current holding...their AGM approved the board being able to issue a certain number of new shares to anyone

To give one example... They could issue new shares to the directors as “ repayment” of their loans....would remove the debt but not add a penny to their capital
Thanks Jim, thought I had read somewhere it was a rights issue. On reflection it’s likely to be impossible to have a rights issue in their current position

Will be interesting to see the share price.
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Ess
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Abooganza!
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So 1872 could end up throwing a million pounds in and end up with a lower percentage ?
Edited by Ess, 9 Jun 2018, 11:59 AM.
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Don Vito
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Everyone's Fantasy Football first pick
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A Rachel Riley and Carol Vorderman double act would be hard pushed to sort out sevco finances...

Behave....
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Bryce Curdy
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Auldyin
8 Jun 2018, 01:25 AM
DICEMAN
6 Jun 2018, 07:04 PM
Gothamcelt
6 Jun 2018, 05:13 PM

Quoting limited to 3 levels deephttps://johnjamessite.com/
Its not exactly news

If you've followed anything by Auldheid or the Craig Whyte trial then you would know its true.
What seems to have been missed is that compelling as the JJ narrative is, TRFC in their statement issued on same day they were charged claimed that non compliance charges relating to the end of March had been withdrawn and described them as groundless.

In the later Hughes statement they described the charges as ridiculous.

Quite how anything relating to the end of March can be withdrawn is questionable but if true an explanation needs to be provided.

Events at end March took place under SDM and from 6th May Craig Whyte.

If charges relating to end of March, the very time frame that caused an investigation after testimony in court have been withdrawn it looks like an attempt to protect SDM/A Johnson/Dave King and even Dickson although he remained after CW took over and make CW the Fall guy (again).

Its almost as if a deal has been done to avoid revealing how the justification for granting the licence differed from the true explanation and with it charges that the justifications at end of March ie "potential" and 'discussions happening' were fraudulent.

Pretty much my thoughts. It's LNS all over again - a pre-determined outcome with only how to get there to be worked out.
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15not25
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Inside Left
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Ess
9 Jun 2018, 11:58 AM
So 1872 could end up throwing a million pounds in and end up with a lower percentage ?
This is my reading of it, although I’m usually wrong.

This vision of 25% shareholding can’t happem coz they will dilute their shareholding with every new share bought. The only way they can achieve 25% would be to buy existing shares from other shareholders. Which doesn’t put money into the clumpany, only into the pocket of the seller.

:lolhuns: (I think)
Edited by 15not25, 9 Jun 2018, 12:33 PM.
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