Gillete 1,338 Posted January 8, 2015 Share Posted January 8, 2015 The board can't 'accept' this, they can only recommend it to shareholders who can then accept it or refuse ... but it's needs to be 75% who accept.So if its 75% its fucked thenNo way easdales group & Ashley will entertain this Quote Link to post Share on other sites More sharing options...
iain1712 336 Posted January 8, 2015 Share Posted January 8, 2015 Its still 20p a shareYou cant see how enough shareholders would reject losing X amount of money when the share price is almost certain to rise when we return to the SPL? Really?Nobody needs to sell any shares ! And as you rightly point out the share price will rise when we're back in the top league again. Quote Link to post Share on other sites More sharing options...
nachothelegend 1,932 Posted January 8, 2015 Share Posted January 8, 2015 Its still 20p a shareYou cant see how enough shareholders would reject losing X amount of money when the share price is almost certain to rise when we return to the SPL? Really?Don't know if you've noticed we aren't going up this season unless someone like this man buys us. Quote Link to post Share on other sites More sharing options...
JRodgA2k8 542 Posted January 8, 2015 Share Posted January 8, 2015 So if its 75% its fucked thenNo way easdales group & Ashley will entertain thisAnd what about King and the Three Bears? Do we think they'd accept it? Quote Link to post Share on other sites More sharing options...
nachothelegend 1,932 Posted January 8, 2015 Share Posted January 8, 2015 but do they want to risk it all tho if we keep stumbling from money troubles every few weeks or worse not make the spl this seasonExactly. Quote Link to post Share on other sites More sharing options...
WCPRANGERS1 2,997 Posted January 8, 2015 Share Posted January 8, 2015 Time for any self interest to stop and get a fucking deal done, can we afford to keep knocking back the chance to have this type of money invested, put it to the shareholders and let's have a democratic vote.... Quote Link to post Share on other sites More sharing options...
iain1712 336 Posted January 8, 2015 Share Posted January 8, 2015 And what about King and the Three Bears? Do we think they'd accept it?We'll soon see what they think. But if they held on to their shares I'm pretty sure there would be space for them in the boardroom. Quote Link to post Share on other sites More sharing options...
Number5 2,122 Posted January 8, 2015 Share Posted January 8, 2015 Exactly !It's not as if they need to sell their shares, if they can't beat this offer to put money straight into the club they should stand aside and let him in.Know fuck all about the guy, may not be all he's cracked up to be, but he's coming up with the goods in terms of investment and not pissing around, going media mental, promising the earth before even putting his money on the table. If any of the others are interested then do it quickly. If they want to go alone, if they want to get involved with Sarver, make everything clear. Otherwise these debts are rolling over and over. Quote Link to post Share on other sites More sharing options...
WWTC 2,247 Posted January 8, 2015 Share Posted January 8, 2015 It will be many many years before share price gets anywhere close to original ipo price. And during those years many more rights offers and cash injections. Or.We can get a guy with no baggage and proven track record. ...True, but theres losing in investment and then theres losing almost all the investment. That offers still closer to zero than the orginal share price, and will be rejected Quote Link to post Share on other sites More sharing options...
WWTC 2,247 Posted January 8, 2015 Share Posted January 8, 2015 Nobody needs to sell any shares ! And as you rightly point out the share price will rise when we're back in the top league again.Well if he buys out shares then they have to be sold? He wants to buy existing AND new shares Quote Link to post Share on other sites More sharing options...
CaptainofIndustry 921 Posted January 8, 2015 Share Posted January 8, 2015 So Sarver is offering to invest £20 in new shares, 25% more than King claimed to offer.The UOF must surely make a statement insisting the board accept this offer.Am I right?? Quote Link to post Share on other sites More sharing options...
285miles 506 Posted January 8, 2015 Share Posted January 8, 2015 Can the board and major shareholders see past their own self-interest and do what's right for the club by accepting this ?Unless something happens by the end of this month it's most likely going to be Admin 2. Quote Link to post Share on other sites More sharing options...
markem 7,287 Posted January 8, 2015 Share Posted January 8, 2015 Trying to keep up..... Appreciate that 20p is lower than what many paid for shares will it be signifantly less than what King and the 3bears paid or not? Quote Link to post Share on other sites More sharing options...
WilliamCahill91 103 Posted January 8, 2015 Author Share Posted January 8, 2015 If this doesn't get accepted, an EGM will be called. And by the time it sits, we'll be potless anyway. The board need to accept this. Definitely the best offer for all parties involved. Quote Link to post Share on other sites More sharing options...
bluenose48 951 Posted January 8, 2015 Share Posted January 8, 2015 Why would any of the major shareholders vote against this offer?The share price was down as low as 17p a couple of weeks ago and only started to rise when people started to put their money where their mouths have been for too long.If his bid is accepted and we become financially viable again the share price will rise again and everybody wins. Quote Link to post Share on other sites More sharing options...
PaulReid 184 Posted January 8, 2015 Share Posted January 8, 2015 At the end of all this we will be left thinking what if that American guy had bought us instead Quote Link to post Share on other sites More sharing options...
Gillete 1,338 Posted January 8, 2015 Share Posted January 8, 2015 And what about King and the Three Bears? Do we think they'd accept it?I honestly don't know , I'm assuming yes if they are involved and don't take a loss on the shares bought Quote Link to post Share on other sites More sharing options...
JR 1,480 Posted January 8, 2015 Share Posted January 8, 2015 Cmon then "Rangers men," either better the offer or let him in, take up his offer of working together and build us back up. Are you in it for you or Rangers? Quote Link to post Share on other sites More sharing options...
Ivybank 4,588 Posted January 8, 2015 Share Posted January 8, 2015 Another bid that will be rejected,no doubt Quote Link to post Share on other sites More sharing options...
bingboyBLUE 72 Posted January 8, 2015 Share Posted January 8, 2015 The numbers on this are way ahead of anyone else.20m for 100m new shares.Then up to 16m to buy existing 80m sharesPlus 6.5m unsecured loan, albeit he will get this back in cash or more likely further shares.This guy is the first to be genuinely serious and put proper money on the table.The total valuation of the company at 36m is about right, maybe even high.Cannot see how this can be refused.This. Totally agree mate. Sounds like a good deal. Quote Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted January 8, 2015 Share Posted January 8, 2015 Still undervaluing the company, 25 to 30 million would be a more realistic figure, also every penny he spends goes straight to the club.I feel this guy could be very good for us but instead of playing a game of cat a mouse with him, just tell him the figure we would expect for a controlling interest, then he either pays it or not.The £20m is only for 51% or so of the company with another £15m for existing shareholders.The numbers on this are way ahead of anyone else.20m for 100m new shares.Then up to 16m to buy existing 80m sharesPlus 6.5m unsecured loan, albeit he will get this back in cash or more likely further shares.This guy is the first to be genuinely serious and put proper money on the table.The total valuation of the company at 36m is about right, maybe even high.Cannot see how this can be refused.I totally agree with you. The valuation is a touch high and should be accepted. Quote Link to post Share on other sites More sharing options...
iain1712 336 Posted January 8, 2015 Share Posted January 8, 2015 Well if he buys out shares then they have to be sold? He wants to buy existing AND new sharesIt's stock market rules. When proposing a deal like this he must also offer to buy out anybody/everybody at the 20p share price. He doesn't need anybody to sell, the original deal gives him more than 50% and hence control of the club. Quote Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted January 8, 2015 Share Posted January 8, 2015 The board can't 'accept' this, they can only recommend it to shareholders who can then accept it or refuse ... but it's needs to be 75% who accept.Correct. Quote Link to post Share on other sites More sharing options...
iain1712 336 Posted January 8, 2015 Share Posted January 8, 2015 At the end of all this we will be left thinking what if that American guy had bought us insteadAt the end of all this no matter who ends up owning and controlling us we all owe the American guy a great deal of gratitude for bringing it all to a head. IMO the only reason king and the 3bears bought shares was because they seen him coming. Quote Link to post Share on other sites More sharing options...
Smile 26,610 Posted January 8, 2015 Share Posted January 8, 2015 King and his gang of conmen are needing to get gone now, And take the oven cleaner and the corrupt RST with you.This is how you do business. Quote Link to post Share on other sites More sharing options...
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