Nothing more than an exercise in mathematics surely?

It seems to assume that no other shareholders will want to sell - which seems unlikely to me. Most obviously Jimmy Jones owns at least 9% if he decided to sell (and he wanted to in 2001) and some others do then Cullum might well end up over the 50%.
Similarly it requires Shandy to sell their shareholding thus ending their involvement in the club, but it also requires them not to call in the ?2 million loan - from their point of view that would surely seem an unattractive and unfair proposition.

Posted By: Mr Creosote on July 2nd 2008 at 09:45:02

Message Thread

Skipper with a decent idea (and half decent archant article) (NCFC) - megson, Jul 2, 09:31:22
- Just to clarify one of Skippers points re shares (NCFC) - thirdager, Jul 2, 10:21:39
  - Re: "Also his suggestion that PC buys remaining shares would debar the Trust from further (NCFC) - Johnny Comecardiff, Jul 2, 10:29:47
- Horrible deal for Cullum..................... (NCFC) - usacanary, Jul 2, 10:11:40
  - Don't think he wants them to run the club obviously what he wants (NCFC) - Jim, Jul 2, 10:15:02
- Two supporters' representatives on the board?!!!!!!! (NCFC) - Old Git, Jul 2, 10:11:07
  - it could... (NCFC) - blindasabat, Jul 2, 10:14:14
  - Blower and Gus George...... (NCFC) - Johnny Comecardiff, Jul 2, 10:12:04
    - It's a feckin ridiculous idea (NCFC) - Old Git, Jul 2, 10:15:29
- I don't understand why they don't just do another share issue & give 9 shares to all (NCFC) - lovely old job, Jul 2, 09:46:49
  - the remaining 2 millyuns required could be a big wotb benefit concert (NCFC) - Tomblander, Jul 2, 09:59:26
    - No. Wrathitude. (n/m) (NCFC) - Tricky Hawes, Jul 2, 10:02:40
- Nothing more than an exercise in mathematics surely? (NCFC) - Mr Creosote, Jul 2, 09:45:02
- sure it's an idea... (NCFC) - blindasabat, Jul 2, 09:41:41
  - but i thought mr cullum wanted overall control so how would that work? (n/m) (NCFC) - Tomblander, Jul 2, 09:44:55
    - he'd have to settle for less than full control... (NCFC) - blindasabat, Jul 2, 09:48:50
    - Essentialy this is how it would work (NCFC) - Mr Creosote, Jul 2, 09:46:01
      - But at least we're getting somewhere nearer the truth....... (NCFC) - Johnny Comecardiff, Jul 2, 09:53:49
      - but, hang on, I thought (NCFC) - Tomblander, Jul 2, 09:48:05
- Someone talking sense shocker! (NCFC) - pieman63, Jul 2, 09:39:52
- "on the edge of the truth" (NCFC) - Tomblander, Jul 2, 09:34:50

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