do you have any idea of the legal implications of owning over 29.9% of a Plc?

your 'friend' Waggers has been banging on about it quite a bit recently...

Posted By: blindasabat on July 11th 2008 at 12:52:55

Message Thread

If, as according to Phrankin, they can just create new shares for (NCFC) - CB41, Jul 11, 12:42:41
- 'cept there's 6 billion(ish) people in the world and you've only created 2 billion shares (n/m) (NCFC) - blindasabat, Jul 11, 12:45:28
  - Yeah but you can still offer them to everyone, first come, first served (NCFC) - CB41, Jul 11, 12:50:31
    - oh ar... (NCFC) - blindasabat, Jul 11, 12:54:41
  - Cut them into thirds. Treble the postage though. (n/m) (NCFC) - malkybarkid, Jul 11, 12:45:59
    - Or 'teenths (n/m) (NCFC) - malkybarkid, Jul 11, 12:57:59
- you guys really are plain stupid on here! (n/m) (NCFC) - phrankin, Jul 11, 12:45:10
  - That is quite possibly the most amazing post ever seen on here, (NCFC) - NCFC4life, Jul 11, 12:51:49
  - Please enlighten us with your wisdom (NCFC) - EtuWHO, Jul 11, 12:49:19
  - *chortle* (NCFC) - blindasabat, Jul 11, 12:48:53
    - ^^ please answer this (n/m) (NCFC) - malkybarkid, Jul 11, 12:50:59
      - I already did... (n/m) (NCFC) - phrankin, Jul 11, 12:51:59
        
        His initial offer wasn't for shares though was it? It was ?5m to go straight into the (NCFC) - malkybarkid, Jul 11, 12:52:43
        
        that is how he would get control by putting money into the club by buying shares (NCFC) - phrankin, Jul 11, 13:06:29
        
        ... (NCFC) - blindasabat, Jul 11, 13:12:52
    - ?20 million of ?36 million shares is over 50% (NCFC) - phrankin, Jul 11, 12:50:55
      - Errrrr.... wasn't the 20m he offered meant to be for the sqaud (n/m) (NCFC) - Small, Jul 11, 12:57:50
        
        it is, 20 million of new shares = 20 million of money for NCFC (n/m) (NCFC) - phrankin, Jul 11, 12:59:56
        
        That sounds like a shit offer. Well done Delia. Fuck off Cullum (n/m) (NCFC) - Small, Jul 11, 13:06:25
        
        from Purely NCFC perspective it is the best offer possible (NCFC) - phrankin, Jul 11, 13:14:18
        
        Er, Delia isn't the only one. (n/m) (NCFC) - sheffieldcanary, Jul 11, 13:46:34
        
        Delia 62% archant, fans, etc 33% turners/fulger round about 5%ish (NCFC) - phrankin, Jul 11, 14:01:09
        
        And the value of every other share, monetarily and in power, is devalued ? (NCFC) - Arganth, Jul 11, 13:02:29
        
        That is the issue.. (NCFC) - phrankin, Jul 11, 13:20:12
        
        And the then obligatory offer for the rest of the shares comes from where? (n/m) (NCFC) - Johnny Comecardiff, Jul 11, 13:01:25
      - But those aren't new shares! (NCFC) - sheffieldcanary, Jul 11, 12:53:09
      - do you have any idea of the legal implications of owning over 29.9% of a Plc? (NCFC) - blindasabat, Jul 11, 12:52:55
      - His initial offer wasn't for shares though was it? It was ?5m to go straight into the (NCFC) - malkybarkid, Jul 11, 12:51:56
  - Explain yourself then smart-arse. (n/m) (NCFC) - sheffieldcanary, Jul 11, 12:46:54
    - Sorry??? (NCFC) - CB41, Jul 11, 12:49:15
      - Not you... "new shares" boy. (n/m) (NCFC) - sheffieldcanary, Jul 11, 12:58:28
        
        Ah (n/m) (NCFC) - CB41, Jul 11, 13:01:01
  - Clearly, otherwise we'd have proper jobs that required us to do some work. (n/m) (NCFC) - CB41, Jul 11, 12:46:27
- Companies create new shares all the time to raise cash (n/m) (NCFC) - Holden Caulfield, Jul 11, 12:44:25
  - In fact NCFC have done so in the past... (n/m) (NCFC) - phrankin, Jul 11, 12:45:50
    - Explain yourself then smart-arse. (n/m) (NCFC) - sheffieldcanary, Jul 11, 12:47:19
      - fuck me.... find out yourself. (n/m) (NCFC) - phrankin, Jul 11, 12:48:11
        
        No. You've made something up in your head and are stating it as fact. (NCFC) - sheffieldcanary, Jul 11, 13:20:32
  - So what's wrong with my idea then? (n/m) (NCFC) - CB41, Jul 11, 12:45:45
    - nothing apart from it devalues current holders share values (NCFC) - phrankin, Jul 11, 12:47:38
      - so you don't think the new shares might just take him over 29.9% holding? (NCFC) - blindasabat, Jul 11, 12:50:58

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