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Takeover...


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The SH01 is an interesting development. Refers to date as being end of November when the shares were issued though form only just filed

Could be takeover related, could be that the infamous loans have been converted to shares. All become clearer in time i guess.

Definitely true just accessed Companies House Direct

 

Was hoping you'd join the thread MK.

 

Was looking on the companies house website and yes it goes back to end of November (with a statement of capital of GBP823,000) but yet the SH01 has only just been filed.

 

Thought it had to be filed within a month of the shares being issued?

 

If were at an advanced stage re the takeover I would like to think it's along the lines of the scenario I mentioned earlier. Did someone "bail us out" with a bit of working capital in Nov in return for a bit of security?

 

Whats your take?

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Was hoping you'd join the thread MK.

Was looking on the companies house website and yes it goes back to end of November (with a statement of capital of GBP823,000) but yet the SH01 has only just been filed.

Thought it had to be filed within a month of the shares being issued?

If were at an advanced stage re the takeover I would like to think it's along the lines of the scenario I mentioned earlier. Did someone "bail us out" with a bit of working capital in Nov in return for a bit of security?

Whats your take?

Hasn't there been a rumour kicking around that the wages were paid for a month? Would just about tally up that wouldn't it?
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How many shares are their currently available?

Ie, did Milan have 1 share issued, and he himself held this to make it simple?

 

Could the issuing of shares (to himself) be a precursor to a Consortium, ie they need X amount of shares to be divided amongst themselves, hence we issued more in anticipation?

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There were 1000 Ordinary shares of a £1

 

The form refers to 822,000 new shares being issued at  £1 -

 

Bit missing of course is to whom

 

Form should be filed within a month but no real problem if you don't

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Hasn't there been a rumour kicking around that the wages were paid for a month? Would just about tally up that wouldn't it?

 

Was thinking the same!

 

I just can't see (if we REALLY ARE in advanced talks with posible investors) why MM would start f*cking around with the shares unless it was to do with the takeover itself.

 

God knows it's been hard enough as it is finding investment without making it even more messy. And surely, MM was talking to them back at the end of Nov?

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I think it's far more likely the share issue is to do with the loans against the ground than takeover related. Weren't the loans due to be repaid in October too? They may have just done this in November instead if we couldn't afford to repay the loans.

Edited by RichieB
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Hasn't there been a rumour kicking around that the wages were paid for a month? Would just about tally up that wouldn't it?

Equate to a £10m annual wage bill

 

What doesn't make sense is that the new shares are ordinary shares - were issued at par and that only a £1000 was issued before this

 

Would make MM a minor minority shareholder

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There were 1000 Ordinary shares of a £1

The form refers to 822,000 new shares being issued at £1 -

Bit missing of course is to whom

Form should be filed within a month but no real problem if you don't

So does that mean Milan issued 800 time s more than what he owns?

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There were 1000 Ordinary shares of a £1

 

The form refers to 822,000 new shares being issued at  £1 -

 

Bit missing of course is to whom

 

Form should be filed within a month but no real problem if you don't

 

So, Milan wouldn't hand over control of the club to someone who was just helping out in Jan wages or to do with previous loans, so does the below make more sense?

 

How many shares are their currently available?

Ie, did Milan have 1 share issued, and he himself held this to make it simple?

 

Could the issuing of shares (to himself) be a precursor to a Consortium, ie they need X amount of shares to be divided amongst themselves, hence we issued more in anticipation?

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There were 1000 Ordinary shares of a £1

 

The form refers to 822,000 new shares being issued at  £1 -

 

Bit missing of course is to whom

 

Form should be filed within a month but no real problem if you don't

 

So would that mean (in simplistic terms) that either

 

a, We owed someone £822,000 and paid them back by way of shares in the company

 

or

 

b, Someone "lent" us £822,000 and we gave them shares as security.

 

or

 

c, could be summat totally different.

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