OFFICIAL CLUB SOLD TO FV!!!!!

Forget the 'B' shares, Sluffy. They are non-voting, haven't changed and are insignificant.

The 'A' shares  are interesting though. This latest lot are for the exact same number and exact same price as shares issued in July. In total it should amount to £4.5m and approximately the same as the amount raised from the bonds.

A 'Confirmation Statement' is due in January which should tell us a bit more about who has provided the money.

Where's it gone or going? Well we still owe PBP £5.5 m excluding interest and I expect we are still losing money every week despite better attendances.

You could always ask the ST. They have the inside track. They'll know.   Or Iles of the Beeno

P.S. If the shares really are/were worth that much, EDT were fleeced good and proper.

Thanks Bob.

Yes I knew about the B shares but aren't they intended as some sort of bonus incentive for Evatt and Hart, I'm not sure how it works though, do they just get a share premium from time to time or some such thing?

Good point you make about the shares totalling to the same amount as the bond money, maybe someone is being prudent and setting aside the money to repay on maturity by presumably selling back the shares to FV then in turn using the money to settle the debt (the interest being paid annually I believe?).

I don't believe the shares are really worth over £6 each unless someone is daft enough to buy FV at that price but who would have thought to Hollywood actors would ever by Wrexham!

Sluffy wrote:Thanks Bob.

Yes I knew about the B shares but aren't they intended as some sort of bonus incentive for Evatt and Hart, I'm not sure how it works though, do they just get a share premium from time to time or some such thing?

I think you might be mixing up share premiums with share dividends, Sluffy. Dividends are payouts from profits. There haven't been any profits and neither are there likely to be.

Even if there had been, 'B' shareholders wouldn't be entitled to a dividend. Evatt and Hart would only get summat in a takeover situation and even then it wouldn't amount to very  much.

Premiums are close to the opposite. A share premium is when an investor pays more for the shares than their face value. There's been quite a bit of that.

It is interesting though who paid how much for their FV shares and what shares each got for the amount they paid. Its not straightforward but I might find time to figure it all out in due course.

Ten Bobsworth wrote:

Sluffy wrote:Thanks Bob.

Yes I knew about the B shares but aren't they intended as some sort of bonus incentive for Evatt and Hart, I'm not sure how it works though, do they just get a share premium from time to time or some such thing?

I think you might be mixing up share premiums with share dividends, Sluffy. Dividends are payouts from profits. There haven't been any profits and neither are there likely to be.

Even if there had been, 'B' shareholders wouldn't be entitled to a dividend. Evatt and Hart would only get summat in a takeover situation and even then it wouldn't amount to very  much.

Premiums are close to the opposite. A share premium is when an investor pays more for the shares than their face value. There's been quite a bit of that.

It is interesting though who paid how much for their FV shares and what shares each got for the amount they paid. Its not straightforward but I might find time to figure it all out in due course.

Thanks Bob.

What's the point of giving Evatt and Hart the B shares then if there is no value in them?

Sluffy wrote:

Thanks Bob.

What's the point of giving Evatt and Hart the B shares then if there is no value in them?

Sorry Sluffy, but I have explained all this before and I don't want to go over it all again. Its an insignificant irrelevance that distracts from the main events.

Ten Bobsworth wrote:

Sluffy wrote:

Thanks Bob.

What's the point of giving Evatt and Hart the B shares then if there is no value in them?

Sorry Sluffy, but I have explained all this before and I don't want to go over it all again. Its an insignificant irrelevance that distracts from the main events.

Ok up to you if you don't want to be helpful.

I'll be as equally unhelpful to you.

THREAD LOCKED.

I think that is fair and equitable - trust you agree?

Thread unlocked.

I believe I've now made my point clearly enough to be understood...

Sluffy wrote:Thread unlocked.

I believe I've now made my point clearly enough to be understood...

May I respectfully point you to the 33 pages of FV's Memorandum and Articles, Sluffy. If you can find your way through the legal maze you should find the answers you are seeking.

[You must be registered and logged in to see this link.]

I have put in more than enough time and leg work to help you understand things that had plainly had you flummoxed and I don't intend to repeat the process at your every whim.

I hope that I have now made my point clearly enough to be understood...

Ten Bobsworth wrote:

Sluffy wrote:Thread unlocked.

I believe I've now made my point clearly enough to be understood...

May I respectfully point you to the 33 pages of FV's Memorandum and Articles, Sluffy. If you can find your way through the legal maze you should find the answers you are seeking.

[You must be registered and logged in to see this link.]

I have put in more than enough time and leg work to help you understand things that had plainly had you flummoxed and I don't intend to repeat the process at your every whim.

I hope that I have now made my point clearly enough to be understood...

You can respectfully point out whatever you like Bob, I asked a simple question that you no doubt could have answered in two or three sentences.

If you haven't got the goodwill or time to help me out (even if you may have told me something before, which I don't believe answered the question I asked above or I would not have asked it), then why should I have the goodwill or time to help you out in your obsessive need to tell the world something that no one really wants to hear?

I'm the only help you have on this or any other forum to get your message out it would seem to me and the way you've treated me over the last few years has shown me no respect at all (not that I look for it on here or in real life) and merely treated me as one of your lackey's.

Well I'm not one of your lackey's Bob, I'm one of those sort of people that believe if someone hits me, then I hit them back, I'm not here to take shit from you or anyone else.

I gave you a second chance and you still decided to demean me and continue to act like the dick you clearly are, so go and spread your message that no one wants to hear someplace else.

Thread locked again.