Dave King & Blin

[BEARGER 339]

Reading on twitter that Blin may join the board to scrutinise finances and set up new share issue for spring, with Dave King underwriting issue.

Coming from Gersnet, cannot get on to forum to check. May be nonsense!!!

[sassaaaa 11,406]

Reading on twitter that Blin may join the board to scrutinise finances and set up new share issue for spring, with Dave King underwriting issue.

Coming from Gersnet, cannot get on to forum to check. May be nonsense!!!

Unbelievable if they even attempt another share issue ..........

[BEARGER 339]

Looks like Gersnet is down at moment. But if Dave King underwrites issue, whats the problem?

[Bertent 2,081]

Dave King, wow how great is that.

[Alwaysblue 709]

This was always the likely scenario.

[elephants stoned 2,994]

I'm quite happy for that to happen as long as that parasite Mini isn't involved. I just want some investment into our club and as long as its not dodgy money its got to be better than where we are now.

[Edmiston Drive 3,846]

Well he did invest £20m and later cried he was cheated re his investment...............also he stated a year ago that he was going to sue david murray for the £20m and if successful he would plough the money back into the club........I wonder how that court case is progressing.

Lastly is he not a self confessed liar when he was also referred to being one be a senior judge in South Africa..........plus is there still the matter of substantial charges he is still fighting in his adopted homeland.

And people say."what's the problem"

[BEARGER 339]

Knew it was too good to last.

[californiadreamin52 339]

Could be this or Admin 2

[Edmiston Drive 3,846]

Knew it was too good to last.

Instead of making stupid comments.....please point out what was incorrect in my reply to your post.

[eosmhdo 1,879]

Reading on twitter that Blin may join the board to scrutinise finances and set up new share issue for spring, with Dave King underwriting issue.

Coming from Gersnet, cannot get on to forum to check. May be nonsense!!!

Using Twitter as a source is like, well it's like shite really

[kanjo 26,339]

What does that mean in simple English? i.e. Kking underwriting it?

[RFC Eagle 4,888]

What does that mean in simple English? i.e. Kking underwriting it?

It usually means King guaranteeing to buy any shares that are unsold after the offer.

[aqualung 126]

Could be this or Admin 2

It would have to be called "newco admin"

[BEARGER 339]

Using Twitter as a source is like, well it's like shite really

I agree with you mostly. But it depends who is tweeting, it was Frankie from Gersnet so thought there may something in it. Time will tell.

[TheFarmer 260]

I think this is just speculation on Frankie's part that DK would underwrite a share issue, based on today's papers?

It would be a good outcome though, capital investment is obviously drastically needed.

[Carsons Dog 9,878]

I'm quite happy for that to happen as long as that parasite Mini isn't involved. I just want some investment into our club and as long as its not dodgy money its got to be better than where we are now.

Agreed but will it dilute the existing shares?

[BEARGER 339]

Agreed but will it dilute the existing shares?

Normally they would offer existing shareholders first choice in a pro rata % of what they hold. If you took up the offer you would still own the same % of the company. The price of the share would not necessarily go down with a new issue, the money raised goes to the company plus depends on what the market thinks.

[SE5 107]

Certain people will never be happy with the idea of us even thinking about being back to normal.

[SteveJ 743]

According to Kings comments in the Herald today, Spring may be too late. He considers admin 2 being as close to December.

I am happy to have King getting involved again but am absolutely disgusted that the current board will have spent £40M+ in 12 months. They should be ashamed of themselves and do one.

[nvager 498]

Normally they would offer existing shareholders first choice in a pro rata % of what they hold. If you took up the offer you would still own the same % of the company. The price of the share would not necessarily go down with a new issue, the money raised goes to the company plus depends on what the market thinks.

I read in todays paper about this and it stated that King wanted the shares to be additional new shares that would dilute the existing shares.

[Big Al 55 9,282]

Agreed but will it dilute the existing shares?

Yes, but that's the only way for the money to go into the club rather than to the existing shareholders

[BEARGER 339]

I read in todays paper about this and it stated that King wanted the shares to be additional new shares that would dilute the existing shares.

Yes that is correct BUT if you take up the % that's offered to you you still have the same % in the company. If you don't take up the offer you have less % of the company than you had before the new issue. This way the money raised goes to the club and not to some individual.

[eosmhdo 1,879]

I agree with you mostly. But it depends who is tweeting, it was Frankie from Gersnet so thought there may something in it. Time will tell.

It probably won't, as usual.

That's the problem, the paying customer is not privy to a lot.

Which just fuels the guesswork and creates more problems IMO