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Wanderers Bond
+6
Hipster_Nebula
BoltonTillIDie
boltonbonce
Norpig
karlypants
Sluffy
10 posters
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2 Re: Wanderers Bond Thu May 11 2023, 12:27
Sluffy
Admin
Could I clearly point out the third of the three paragraphs of the BWFC tweet...
"Don’t invest unless you’re prepared to lose all the money you invest".
You have been warned!
"Don’t invest unless you’re prepared to lose all the money you invest".
You have been warned!
3 Re: Wanderers Bond Thu May 11 2023, 12:38
boltonbonce
Nat Lofthouse
Thanks Sluffy. I posted it on the Bring Back Lusty thread for some strange reason.
I won't be investing.
I won't be investing.
4 Re: Wanderers Bond Thu May 11 2023, 12:41
karlypants
Nat Lofthouse
Posts : 38249
Join date : 2012-08-04
People seem to like getting their fingers burnt 
5 Re: Wanderers Bond Thu May 11 2023, 12:43
Natasha Whittam
Nat Lofthouse
I'd rather invest in KP's BB business.
6 Re: Wanderers Bond Thu May 11 2023, 12:48
karlypants
Nat Lofthouse
Posts : 38249
Join date : 2012-08-04
Natasha Whittam wrote:I'd rather invest in KP's BB business.
7 Re: Wanderers Bond Thu May 11 2023, 12:54
Norpig
Nat Lofthouse
I already did and all i got was sore knees and an STI.karlypants wrote:
8 Re: Wanderers Bond Thu May 11 2023, 12:59
Sluffy
Admin
Natasha Whittam wrote:I'd rather invest in KP's BB business.
So you'd want to start at the bottom then?
9 Re: Wanderers Bond Thu May 11 2023, 13:15
Sluffy
Admin
boltonbonce wrote:Thanks Sluffy. I posted it on the Bring Back Lusty thread for some strange reason.
I won't be investing.
Neither will I.
FV is trading at a loss and the Bond scheme (if I'm understanding it correctly) is to raise money to take the club forward.
It is implicit that the club aims to be in the Championship soon (hence the bonus payment to investors if they do by a set date).
We all know it costs more to run a Championship club than a third tier club.
So if you put all that together you have a currently loss making business, wanting to fund progress by taking on more debt (being that the bond holders will become unsecured creditors investing into the business), whose trading costs will escalate if they do achieve their objective (promotion to the Championship) and therefore less likely to return a seasonal trading profit - and who will have to find sufficient funds to settle the bond holder investors when the bond matures.
If the business has failed to reach financial sustainability by that stage then presumably FV will have to offer another Bond scheme (or something similar) in order to pay off the current bond holders.
It actually sounds a bit like a Ponzi scheme in some respects to me - although I'm not claiming it is, or that the Bond scheme is fraudulent in any way or sense.
Caveat emptor as they say though.
(Let the buyer beware!).
I'm out.
10 Re: Wanderers Bond Thu May 11 2023, 14:42
karlypants
Nat Lofthouse
Posts : 38249
Join date : 2012-08-04
Norpig wrote:I already did and all i got was sore knees and an STI.karlypants wrote:
11 Re: Wanderers Bond Thu May 11 2023, 14:46
boltonbonce
Nat Lofthouse
Investing in the club you love is a nice idea, but it can lead to trouble.Sluffy wrote:
Neither will I.
FV is trading at a loss and the Bond scheme (if I'm understanding it correctly) is to raise money to take the club forward.
It is implicit that the club aims to be in the Championship soon (hence the bonus payment to investors if they do by a set date).
We all know it costs more to run a Championship club than a third tier club.
So if you put all that together you have a currently loss making business, wanting to fund progress by taking on more debt (being that the bond holders will become unsecured creditors investing into the business), whose trading costs will escalate if they do achieve their objective (promotion to the Championship) and therefore less likely to return a seasonal trading profit - and who will have to find sufficient funds to settle the bond holder investors when the bond matures.
If the business has failed to reach financial sustainability by that stage then presumably FV will have to offer another Bond scheme (or something similar) in order to pay off the current bond holders.
It actually sounds a bit like a Ponzi scheme in some respects to me - although I'm not claiming it is, or that the Bond scheme is fraudulent in any way or sense.
Caveat emptor as they say though.
(Let the buyer beware!).
I'm out.
The bottom line for me is that, I'm financially illiterate. I'm incapable of knowing what I'm getting into, so caution is the watchword.
That old Q&A 'How do you make a small fortune out of football?' 'Start with a large one'. Springs to mind.
12 Re: Wanderers Bond Thu May 11 2023, 21:47
Ten Bobsworth
Frank Worthington
If you take advice from the BWFCST or the Beeno lawd help you.
13 Re: Wanderers Bond Thu May 11 2023, 23:50
Sluffy
Admin
Ten Bobsworth wrote:If you take advice from the BWFCST or the Beeno lawd help you.
Plenty have it seems...!!!
14 Re: Wanderers Bond Fri May 12 2023, 07:26
Ten Bobsworth
Frank Worthington
Look on it as a donation and you won't go far wrong, Boncey.boltonbonce wrote:
Investing in the club you love is a nice idea, but it can lead to trouble.
The bottom line for me is that, I'm financially illiterate. I'm incapable of knowing what I'm getting into, so caution is the watchword.
That old Q&A 'How do you make a small fortune out of football?' 'Start with a large one'. Springs to mind.
15 Re: Wanderers Bond Fri May 12 2023, 22:37
boltonbonce
Nat Lofthouse
I reckon I've donated enough.Ten Bobsworth wrote:
Look on it as a donation and you won't go far wrong, Boncey.
16 Re: Wanderers Bond Fri May 12 2023, 22:46
BoltonTillIDie
Nat Lofthouse
I’ve pre-registered.
Might be interested in helping the club out
Might be interested in helping the club out
17 Re: Wanderers Bond Fri May 12 2023, 22:51
boltonbonce
Nat Lofthouse
The 2.40 at Ascot tomorrow has more chance of getting any of my money.BoltonTillIDie wrote:I’ve pre-registered.
Might be interested in helping the club out
18 Re: Wanderers Bond Sat May 13 2023, 06:57
Ten Bobsworth
Frank Worthington
Lets be honest, this is just another way of FV asking supporters to put their money were their mouths are. It implies that FV 'investors' think they've put enough of their money in already.BoltonTillIDie wrote:I’ve pre-registered.
Might be interested in helping the club out
They have a point but how much have each of them put in and where's it gone? FV have never been quick to tell you much about that and they aren't telling you where the money's going to come from to repay any more debt. They haven't repaid PBP yet and I think that that's been owed for more than seven years now.
19 Re: Wanderers Bond Tue May 16 2023, 17:54
Sluffy
Admin
No doubt all the ST's high net worth individuals will be lining up to put their quarter of a million in each...! (Note - click on the tweet to see page 2 and the £250,000 offer).
...but they best hurry...!
...but they best hurry...!
20 Re: Wanderers Bond Tue May 16 2023, 17:59
Sluffy
Admin
PS, notice the last line of the tweet above (in the small print)...
This is a high risk investment and you are basically not protected if something goes wrong!
This is a high risk investment and you are basically not protected if something goes wrong!
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