No. You've made something up in your head and are stating it as fact.

Nowhere that i can find does it state that Cullum was offering ?20m for new shares the money of which would be solely provided for the manager's transfer budget. Please explain where you got this idea from?

Posted By: sheffieldcanary on July 11th 2008 at 13:20:32

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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