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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 (2,086,626 Views)
doyle07
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First-team starter
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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 ?
was just thinking, 72 very symbolic for them, founded 1872, awarded cup winners cup in the bogs of the Nou Camp 1972, maybe 2072 rangers V1, finally get a result against us.
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Chalmers
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Considering retirement
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King’s concert party own about 28m of the 81m issued shares. If they selectively place another (say) 19m to a few other shareholders, this will bring the concert party’s holding down to 28%.

Surely, the Takeover Panel will regard this as mischievous to say the least? The TOP seems to have been doing nothing recently, having ordered King to make an offer over a year ago.
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DhenBhoy
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tomtom
9 Jun 2018, 01:21 PM
DhenBhoy
9 Jun 2018, 01:17 PM
johnbhoy1958
9 Jun 2018, 12:51 PM

Quoting limited to 3 levels deep
GLIB and the concert party are prevented (iirc) from participating by the TOP.
So how do they convert their loans into shares? Serious question.
I'd assume when King satisfies the TOP and not before.
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DhenBhoy
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Darth Balls
9 Jun 2018, 02:14 PM
DhenBhoy
9 Jun 2018, 01:17 PM
johnbhoy1958
9 Jun 2018, 12:51 PM

Quoting limited to 3 levels deep
GLIB and the concert party are prevented (iirc) from participating by the TOP.
so they are unable to convert their loans to equity then
That's my understanding of it ... :thumbsup:
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DhenBhoy
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tomtom
9 Jun 2018, 02:39 PM
Jim Tim
9 Jun 2018, 02:23 PM
jim62
9 Jun 2018, 11:41 AM

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
My question is why would a director willingly take shares rather than repayment? or an extension of the note? The business is fundamentally struggling and there is no long term prospect of it increasing in value, so surely better to either recoup the cash or maintain a position as a creditor rather than potentially lose it all if they go to the wall again?
It gets the loans off the balance sheet so they appear more solvent than they actually are. Might also have a bearing on the FFP issue.
This could be why they are having the drive to raise as much cash now. The Broomloan ST issue, the car park STs, and trying to get a hold of Club 1872's cash.
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DhenBhoy
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Chalmers
9 Jun 2018, 04:26 PM
King’s concert party own about 28m of the 81m issued shares. If they selectively place another (say) 19m to a few other shareholders, this will bring the concert party’s holding down to 28%.

Surely, the Takeover Panel will regard this as mischievous to say the least? The TOP seems to have been doing nothing recently, having ordered King to make an offer over a year ago.
It wouldn't affect anything related to "King's liability to make an offer for the shares. My understanding the position at the time of the takeover is all that counts.

King would have reduced his share allocation long ago, if it was that simple.
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Darth Balls
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Chalmers
9 Jun 2018, 04:26 PM
King’s concert party own about 28m of the 81m issued shares. If they selectively place another (say) 19m to a few other shareholders, this will bring the concert party’s holding down to 28%.

Surely, the Takeover Panel will regard this as mischievous to say the least? The TOP seems to have been doing nothing recently, having ordered King to make an offer over a year ago.
Don't think there is much they can't do that wouldn't hurt the small shreholder
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dazabhoy67
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edit - never mind its a family party.
Edited by dazabhoy67, 9 Jun 2018, 08:02 PM.
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Gothamcelt
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dazabhoy67
9 Jun 2018, 08:00 PM
edit - never mind its a family party.
Telt...Haw, you, get aff yer phone, it's a family party!
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johnbhoy1958
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Knackered with a Capital F!!!!
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Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
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Hooped_Crusader
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johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
Good statement, powerful alliteration in the last sentence.

Delusional dickheads deliberately deceive dobers.
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damosuzuki
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johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
Nothing wrong with anything this guy says.
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Gothamcelt
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johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
A statement with "a scheme of dishonesty, double dealing, duplicity and deception" and Chris Graham.

Nothing of interest otherwise the media would have been all over this would they not?

Chris Jack is the go to guy at ET for publishing all things Club1872. He is forever championing their cause and giving them free advertising, surely he will have something to say about this?
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jim62
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up on the roof!!

johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
If they’re borrowing, how are they repaying it ?

They have no income other than the donations and those donations are not guaranteed

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Oscar Strummer
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The Artist Formerly Known As lubomir25
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jim62
9 Jun 2018, 10:35 PM
johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
If they’re borrowing, how are they repaying it ?

They have no income other than the donations and those donations are not guaranteed



And who is the lender ?

And what security has been given ?

Etc. etc.


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jbj712
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Gothamcelt
9 Jun 2018, 10:17 PM
johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
A statement with "a scheme of dishonesty, double dealing, duplicity and deception" and Chris Graham.

Nothing of interest otherwise the media would have been all over this would they not?

Chris Jack is the go to guy at ET for publishing all things Club1872. He is forever championing their cause and giving them free advertising, surely he will have something to say about this?
God Bless Our Team? :suspect: sounds a bit Timmy for this bear :lol:
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Jas13
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Belter of a St Atement with serious alliteration there at the end - all those d's
All I could think of was the intro to Wacky Races . . " and sneaking along last is that devilshly diabolical, double-dealing, do-badder Dick Dastardly . . ."
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samscafeamericain
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jim62
9 Jun 2018, 10:35 PM
johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
If they’re borrowing, how are they repaying it ?

They have no income other than the donations and those donations are not guaranteed

pfffft, from dividends of course

:lol:
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aldo
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Jas13
9 Jun 2018, 11:46 PM
Belter of a St Atement with serious alliteration there at the end - all those d's
All I could think of was the intro to Wacky Races . . " and sneaking along last is that devilshly diabolical, double-dealing, do-badder Dick Dastardly . . ."
Nailed it! :lol:
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Torquemada
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damosuzuki
9 Jun 2018, 10:02 PM
johnbhoy1958
9 Jun 2018, 09:25 PM
Sevco website saying Club1872 may have gone behind its members backs & arranged a loan to buy shares without informing them.
Spoiler: click to toggle
Nothing wrong with anything this guy says.
Quote:
 
We found it strange and something we might expect, not from an organisation associated with our club or it’s fans, but from our rivals.


Really?
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