calio 688 Posted February 25, 2014 Share Posted February 25, 2014 Typical spacker affliction doesn't know its arse from elbow and classes everyone as confused as him..... Read that back to yourself BB, then come back & tell me you can`t see the irony in it.FFS Quote Link to post Share on other sites More sharing options...
Poetry_In_Blue 1,043 Posted February 25, 2014 Share Posted February 25, 2014 OK never read the Q&A in detail only because as far as I'm concerned we shouldn't be entertaining the Daily Rhebel Quote Link to post Share on other sites More sharing options...
nvager 498 Posted February 25, 2014 Share Posted February 25, 2014 Wallace clears up a lot including that DK is only interested in a future share issue and nothing more. Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted February 25, 2014 Share Posted February 25, 2014 OK never read the Q&A in detail only because as far as I'm concerned we shouldn't be entertaining the Daily Rhebelread it mate. it is worth a read and has actual quotes rather than " sources" Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted February 25, 2014 Share Posted February 25, 2014 read it mate. it is worth a read and has actual quotes rather than " sources"what do you think of the quotes I highlighted? Quote Link to post Share on other sites More sharing options...
smartypants 4,427 Posted February 25, 2014 Share Posted February 25, 2014 Saddam-like indefatigability from trublue. Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted February 25, 2014 Share Posted February 25, 2014 what do you think of the quotes I highlighted?i stopped reading your posts pages back man.. requote them if you like.you IMO are trying far to hard to see something that aint therem Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted February 25, 2014 Share Posted February 25, 2014 i stopped reading your posts pages back man.. requote them if you like.you IMO are trying far to hard to see something that aint theremwould take that if you read the highlights a couple of posts back.You were the one that said I should use facts . so I did.Was only taking your advice. Quote Link to post Share on other sites More sharing options...
stu43rigger 327 Posted February 25, 2014 Share Posted February 25, 2014 Speaking to Express Sport, Wallace said: “Dave King has made no other financial offer to the club, other than to say he’d be a willing participant in a future equity issue.” But the chief executive rejected suggestions he had already turned down bids from the tycoon. “The idea that the club or board have rebuffed some wonderful offer from Dave King is strictly not the case,” he said. “He has responded, advising the club he’d be a willing investor if there would be a further equity issue. We have said we know the club will require investment at some point but we haven’t put a time frame around that. end of GW Statement...nobody ever thought he just offered cash to cover the short fall in some wonderful gesture.What I wanted to know was could you have diluted the share for cash from King instead of taking out debt. A offer he came over last week to have signed.As GW admits, yes he could have but they have planned not to at this point even though they could see the short fall well in advance.so DK did advise he would put up investment if they put up a further equity issue. Would you not call advising the club he would put in money through an equity scheme an offer?GW was saying there was no other offer but i never thought there was two offers just one. Cash for equity. The club decided to take debt instead of doing a equity deal.Well played Mr Wallace you confused many on here with that answer.it's no where near as simple as your making out, a new share issue would have to approved by the existing shareholders first and the existing shareholders would be given first option on these shares.DK saying he would participate in a future equity isn't the same as him being a viable alternative to the current Easdale/Laxey deal Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted February 25, 2014 Share Posted February 25, 2014 it's no where near as simple as your making out, a new share issue would have to approved by the existing shareholders first and the existing shareholders would be given first option on these shares.DK saying he would participate in a future equity isn't the same as him being a viable alternative to the current Easdale/Laxey dealit was offered way back as an alternative to cover the short fall that would appear. If I remember right DK said exactly that in the press at the time. Someone like lawman would need to confirm if the date this was first mentioned by DK in the press would have given the board enough time to get it in place for now. Quote Link to post Share on other sites More sharing options...
Bad Robot 21,132 Posted February 25, 2014 Share Posted February 25, 2014 There is a hard core of people on here who hate the board more than they live the clubThe board can do no right in their eyesI'm convinced several of them are timsThere is no other explanation for their behaviourI don't really see a lot of anti-board posters but there is certainly a lot of point scoring when the same posters keep on mentioning the rebels, reqs etc. It certainly is turning into an obsession for some which is sad really as we are all suppose to be supporting the same team. Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted February 25, 2014 Share Posted February 25, 2014 On the 25th of Oct DK saidKing said: “I’m here to see whether I’m in a position to facilitate taking the club forward – to get rid of the disunity and lack of harmony at board level and between the board and the fans.” “I am here for a series of meetings at my request. These meetings will remain confidential. We need a funding campaign to make sure that when the club does need money it is already in place with the right people at the right cost. Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted February 25, 2014 Share Posted February 25, 2014 would take that if you read the highlights a couple of posts back.You were the one that said I should use facts . so I did.Was only taking your advice.just seen the quotes you bolded. i dont see the issue. dk has offered no other finance other than being willing to put into a new share issue. Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted February 25, 2014 Share Posted February 25, 2014 just seen the quotes you bolded. i dont see the issue. dk has offered no other finance other than being willing to put into a new share issue.do you not think a share issue would have been better for the club?For me debt free should be the aim for aslong as humanly possible Quote Link to post Share on other sites More sharing options...
Malvern 11,329 Posted February 25, 2014 Share Posted February 25, 2014 Saddam-like indefatigability from trublue.Think you meant Comical Alihttp://www.allgreatquotes.com/mohammed_saeed_alsahaf.shtmlSaddam wasn't a bundle of laughs, always f*cked up the punch line. Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted February 25, 2014 Share Posted February 25, 2014 do you not think a share issue would have been better for the club?For me debt free should be the aim for aslong as humanly possible a share issue takes time ti set up. Wallace has already said he needs to sort the club out before going and trying to secure massive investment.even of we do a new share issue, DK wont even be offered shares till the current shareholders have been asked. Quote Link to post Share on other sites More sharing options...
stu43rigger 327 Posted February 25, 2014 Share Posted February 25, 2014 Speaking to Express Sport, Wallace said: “Dave King has made no other financial offer to the club, other than to say he’d be a willing participant in a future equity issue.” But the chief executive rejected suggestions he had already turned down bids from the tycoon. “The idea that the club or board have rebuffed some wonderful offer from Dave King is strictly not the case,” he said. “He has responded, advising the club he’d be a willing investor if there would be a further equity issue. We have said we know the club will require investment at some point but we haven’t put a time frame around that. end of GW Statement...nobody ever thought he just offered cash to cover the short fall in some wonderful gesture.What I wanted to know was could you have diluted the share for cash from King instead of taking out debt. A offer he came over last week to have signed.As GW admits, yes he could have but they have planned not to at this point even though they could see the short fall well in advance.so DK did advise he would put up investment if they put up a further equity issue. Would you not call advising the club he would put in money through an equity scheme an offer?GW was saying there was no other offer but i never thought there was two offers just one. Cash for equity. The club decided to take debt instead of doing a equity deal.Well played Mr Wallace you confused many on here with that answer.it was offered way back as an alternative to cover the short fall that would appear. If I remember right DK said exactly that in the press at the time. Someone like lawman would need to confirm if the date this was first mentioned by DK in the press would have given the board enough time to get it in place for now.a new share issue should not be used to cover a short term gap in funds, it should only be used to raise capital to improve the playing squad, read the bold above DK hasn't made any offer he has advised he would be willing to invest in a further equity issue, any further equity issue is to be approved by existing shareholders not when DK decides Quote Link to post Share on other sites More sharing options...
bawsburst 1,381 Posted February 25, 2014 Share Posted February 25, 2014 DK missed the boat, now his acolytes and spackers are attempting to torpedo the boat. Quote Link to post Share on other sites More sharing options...
Revolt 44 Posted February 25, 2014 Share Posted February 25, 2014 distinct lack of yes no answers and question dodging, sounds like a politician Quote Link to post Share on other sites More sharing options...
Courtyard Bear 41,357 Posted February 25, 2014 Share Posted February 25, 2014 Can't believe this thread is still trying to point out the obvious to trublue. Quote Link to post Share on other sites More sharing options...
Poetry_In_Blue 1,043 Posted February 25, 2014 Share Posted February 25, 2014 Cheers Gogzy, read the full article and GW comes across very well, now I know why this thread isn't 12+ pages not enough for doom and gloom merchants to get their teeth into at the moment. Quote Link to post Share on other sites More sharing options...
bawsburst 1,381 Posted February 25, 2014 Share Posted February 25, 2014 Can't believe this thread is still trying to point out the obvious to trublue.Appears to be the fault of gogzy for telling clouseau to stick to facts..... lol.. Quote Link to post Share on other sites More sharing options...
loyalfollower 1,543 Posted February 25, 2014 Share Posted February 25, 2014 Quietlyimpressed with Wallace. You don't look after man city and mtv by being a spiv. The guy is employed by the club to look after and sort out the financial mess.Only 120 days to evaluate a financial vacuum from top to bottom? Alot of CEO'S would atleast expect a year. I admire the man for putting his professional reputation on the line. In Wallace I trust Quote Link to post Share on other sites More sharing options...
RFC Eagle 4,888 Posted February 25, 2014 Share Posted February 25, 2014 I'm not sure how hard it is to understand that GW has said the equity issue will only happen once a robust business plan is in place. That will be after the 120 day review so DK has nothing immediate to offer. No point talking further when both parties know the situation. Quote Link to post Share on other sites More sharing options...
bluedart1952 1,349 Posted February 26, 2014 Share Posted February 26, 2014 really hard for you lot to grasp it is impossible to make an offer if they refuse to meet with you. This comment must be a lie then. GW: The board has had a dialogue in recent weeks with Dave King. He has not been rebuffed by the board. He is not currently a shareholder. He has indicated he’d be an interested participant in a future equity raising at the appropriate point in time. Quote Link to post Share on other sites More sharing options...
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