You would have thought the loan would have been converted to new shares

on relegation, as we would not have been able to repay in actual cash (and he would not want the club to go bust)

Posted By: phrankin on July 5th 2008 at 14:26:01

Message Thread

So, the SCG has been given details of what is going on (NCFC) - phrankin, Jul 5, 13:23:52
- Well that would appear to indicate that they have something to be told... (NCFC) - Dog, Jul 5, 13:52:39
  - I couls be wrong but I thought Delia was actively seeking investment? (NCFC) - phrankin, Jul 5, 13:54:56
    - There's investment... (NCFC) - Dog, Jul 5, 13:59:22
      - let him nick it then! (n/m) (NCFC) - bowfront1, Jul 5, 16:05:45
      - well delia stole her 50% stake - she converted her loans into new shares (NCFC) - phrankin, Jul 5, 14:01:40
        
        But he specifically wants that ?20m to go towards transfers... (NCFC) - Dog, Jul 5, 14:09:46
        
        And the initial investment/loan was ?5 million (NCFC) - hod80, Jul 5, 14:20:39
        
        No shit. What else COULD it have been? (NCFC) - Mr Creosote, Jul 5, 14:35:01
        
        But he would have had control of the club himself (NCFC) - hod80, Jul 5, 14:39:13
        
        Incorrect (NCFC) - Mr Creosote, Jul 5, 14:47:50
        
        Well you know best..possibly (n/m) (NCFC) - hod80, Jul 5, 14:50:02
        
        I don't know best (NCFC) - Mr Creosote, Jul 5, 14:55:37
        
        bollocks.... (NCFC) - phrankin, Jul 5, 14:43:37
        
        He's beginning to get the message (n/m) (NCFC) - hod80, Jul 5, 14:44:34
        
        btw from mondays figures Delia is having all the money she put in (NCFC) - phrankin, Jul 5, 14:46:35
        
        EDP Page 48 Thursday (NCFC) - hod80, Jul 5, 14:48:45
        
        as for paying off the debt why should he? (NCFC) - phrankin, Jul 5, 14:51:23
        
        Because (NCFC) - hod80, Jul 5, 15:04:30
        
        im sure the banks would refinance to a man worth 1.7 billion, (NCFC) - phrankin, Jul 5, 15:09:03
        
        Well just have to agree to differ (NCFC) - hod80, Jul 5, 15:16:39
        
        agreed about not giving the current majority shareholders anything (NCFC) - phrankin, Jul 5, 15:21:08
        
        Finally we agree (NCFC) - hod80, Jul 5, 15:27:29
        
        I doubt it, it would be seen as friendly arm wreslting in the press (NCFC) - phrankin, Jul 5, 15:50:13
        
        i think it's all bluff (NCFC) - Dave in France, Jul 5, 15:23:26
        
        Have to say I resent his impication that without (NCFC) - hod80, Jul 5, 15:30:15
        
        We know he responded to emails about this in october (NCFC) - phrankin, Jul 5, 15:51:00
        
        Que? (n/m) (NCFC) - hod80, Jul 5, 15:53:28
        
        Page 9 i beleive (NCFC) - phrankin, Jul 5, 15:57:57
        
        I'm still confused what you saying (NCFC) - hod80, Jul 5, 16:07:13
        
        so you are saying rely on luck, you sound like an NCFC Board member. (NCFC) - phrankin, Jul 5, 16:43:09
        
        If we go into the season with the squad at present (NCFC) - hod80, Jul 5, 17:00:16
        
        well, we will see (NCFC) - phrankin, Jul 5, 17:04:31
        
        Actually we are in the situation where we get a 1 million bid for shackell (NCFC) - phrankin, Jul 5, 17:06:09
        
        Can't believe we could get a million pound offer for Shackell (NCFC) - hod80, Jul 5, 17:26:11
        
        "must see something I don't" (NCFC) - Mr Creosote, Jul 5, 17:31:07
        
        Prhaps this owls eyesight is going! (NCFC) - hod80, Jul 5, 17:49:58
        
        *anywhere (n/m) (NCFC) - phrankin, Jul 5, 17:05:06
        
        He's being naive then... (NCFC) - Dog, Jul 5, 14:50:31
        
        creation of new shares? do you need this explaining yet again.... (NCFC) - phrankin, Jul 5, 14:53:25
        
        oh yeah, but the problem is if he buys 30% shares he has to offer for every other share (NCFC) - phrankin, Jul 5, 14:57:46
        
        So are the rules different about buying unallocated shares, to buying shares already owned (NCFC) - Dog, Jul 5, 15:00:30
        
        That is where my limited knowledge ends im afraid :( (n/m) (NCFC) - phrankin, Jul 5, 15:01:36
        
        Oh... (NCFC) - Dog, Jul 5, 14:57:25
        
        well it not as clear cut as that... (NCFC) - phrankin, Jul 5, 14:59:33
        
        Re: The same thing happens on a smaller scale every time there is a share issue. (NCFC) - Johnny Comecardiff, Jul 5, 16:24:43
        
        well, the values are made up in that fashion (NCFC) - phrankin, Jul 5, 16:44:28
        
        You would have thought the loan would have been converted to new shares (NCFC) - phrankin, Jul 5, 14:26:01
        
        *if this is actually true. But there are tax issues around 'giving money' (n/m) (NCFC) - phrankin, Jul 5, 14:26:49
        
        In virtually everything nothing is just black or white (NCFC) - hod80, Jul 5, 14:33:34
        
        like all the loans the club has from its directors (NCFC) - phrankin, Jul 5, 14:41:03
        
        Turners loan is interest free (NCFC) - hod80, Jul 5, 14:43:49
        
        that is what i said,..... duh (n/m) (NCFC) - phrankin, Jul 5, 14:47:10
    - all we know is that 'there's been no direct contact' (NCFC) - Dave in France, Jul 5, 13:58:31
- How do you know that? (NCFC) - HairyBobbingManAss, Jul 5, 13:38:35
  - My apologies, just seen the Fans' Eye column (n/m) (NCFC) - HairyBobbingManAss, Jul 5, 13:42:01
    - Sory, that should be Fan's Eye, big difference. (n/m) (NCFC) - HairyBobbingManAss, Jul 5, 13:42:29
      - Fan's Eye Link is here: (NCFC) - phrankin, Jul 5, 13:44:09
- Because they can keep a secret. (NCFC) - Ken Dodds Dads Dog, Jul 5, 13:28:33
  - Maybe the Turners are offering 56 million to buy the club? (n/m) (NCFC) - phrankin, Jul 5, 13:30:00
    - If the 56m includes their loan, surely they only need 54m ? (n/m) (NCFC) - Arganth, Jul 5, 13:47:49
      - absolutely, 54 million it is. less the cost of their shares too! (n/m) (NCFC) - phrankin, Jul 5, 13:50:36
        
        And ?20m of it is a theoretical transfer fund. (n/m) (NCFC) - Dog, Jul 5, 13:53:49
        
        maybe they are buiying out Delia and loaning the club another couple of million quid (NCFC) - phrankin, Jul 5, 13:55:51
        
        how much would it cost them then... (NCFC) - Dave in France, Jul 5, 14:02:33
        
        I doubt the Turners are in a position to do anything of that magnitude... (NCFC) - Dog, Jul 5, 14:02:21
- the Sydney Cricket Gound? (n/m) (NCFC) - capecodcarman, Jul 5, 13:25:34
  - Supporters Consultative Group (NCFC) - phrankin, Jul 5, 13:26:54

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