Guest totemowl Posted January 25, 2015 Share Posted January 25, 2015 Just read my first post in the thread and I did say SC01. My bad. Pedantic f*cker Aye Link to comment Share on other sites More sharing options...
alleycat Posted January 25, 2015 Share Posted January 25, 2015 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? Link to comment Share on other sites More sharing options...
RUMBELOWS91 Posted January 25, 2015 Share Posted January 25, 2015 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? Link to comment Share on other sites More sharing options...
CrosbyKitchens Posted January 25, 2015 Share Posted January 25, 2015 Isn't The Mirror the paper that gets most things right about MM? I wish they'd stop having me on just to try and get me to buy a season ticket - 41 of the f**kers I've bought now. that must be nearly a whole row. Or do you space em out to get a different perspective Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted January 25, 2015 Share Posted January 25, 2015 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? Link to comment Share on other sites More sharing options...
steelowl Posted January 25, 2015 Share Posted January 25, 2015 Didn't even realise we owned an allotment, never mind issued shares in it. I wonder if Disaster Dave has been tending to it. AHA! now I get the GM gardening leave stint Link to comment Share on other sites More sharing options...
RichieB Posted January 25, 2015 Share Posted January 25, 2015 The new shares issued could be something to do with the loans we have against the ground. It might be nothing to do with a takeover, I'm not getting excited based on just that. Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 25, 2015 Share Posted January 25, 2015 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 Link to comment Share on other sites More sharing options...
alleycat Posted January 25, 2015 Share Posted January 25, 2015 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? Link to comment Share on other sites More sharing options...
RichieB Posted January 25, 2015 Share Posted January 25, 2015 (edited) 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 January 25, 2015 by RichieB Link to comment Share on other sites More sharing options...
Freshfish Posted January 25, 2015 Share Posted January 25, 2015 ..how much did we pay for May? Link to comment Share on other sites More sharing options...
Saxondale Posted January 25, 2015 Share Posted January 25, 2015 ..how much did we pay for May? Around £800,000 wasn't it ? Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 25, 2015 Share Posted January 25, 2015 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 Link to comment Share on other sites More sharing options...
southportdc Posted January 25, 2015 Share Posted January 25, 2015 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? Link to comment Share on other sites More sharing options...
southportdc Posted January 25, 2015 Share Posted January 25, 2015 So does that mean Milan issued 800 time s more than what he owns? And if that's true - isn't whoever holds those shares the majority shareholders? Don't understand any of this. Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted January 25, 2015 Share Posted January 25, 2015 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? Link to comment Share on other sites More sharing options...
alleycat Posted January 25, 2015 Share Posted January 25, 2015 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. Link to comment Share on other sites More sharing options...
Freshfish Posted January 25, 2015 Share Posted January 25, 2015 ..I'm going with it being how we funded Mays transfer.. Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted January 25, 2015 Share Posted January 25, 2015 And if that's true - isn't whoever holds those shares the majority shareholders? Don't understand any of this. unless Milan issued them to himself, pending the take over by a Consortium who needed a larger amount of Shares than 1000 to split them properly? Link to comment Share on other sites More sharing options...
BIG D Posted January 25, 2015 Share Posted January 25, 2015 It's getting a bit more interesting at last. Where's Bills? Link to comment Share on other sites More sharing options...
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