Guest mkowl Posted January 25, 2015 Share Posted January 25, 2015 Thais put money into UKFI - in exchange for shares in that entity or perhaps just a loan New shares are issued to UKFI rather than money loaned as previous Easier and less transparent than in SWFC direct due to public access to filings Link to comment Share on other sites More sharing options...
Guest mkowl Posted January 25, 2015 Share Posted January 25, 2015 Or maybe the Thais haven't put money into anything? It's only rumours about them paying the wages etc and it's most likely not true. Bottom line is there could be a dozen reasons - just the timing and a different approach to funding that makes it interesting Link to comment Share on other sites More sharing options...
Road Runner Posted January 25, 2015 Share Posted January 25, 2015 Interesting it showed we had liabilities of over 18 million. Does this include the charges to the ground? Link to comment Share on other sites More sharing options...
Triple O Posted January 25, 2015 Share Posted January 25, 2015 This may be just a way of putting the equity and debts into order before a complete buyout. The people who have loaned money by way of a charge on the ground may have accepted some of the new shares with MM taking the majority. This way all owners of shares get their proportion of the resulting sale. The shares may be £1 each but this may not relate to the value of these shares at the point of sale. For instance any buyer might have agreed to pay £37 per share and this way the value of the purchase is over £30000000. Only a theory but quite often when the shares are not floated on the stock exchange the nominal value is just a pound or even a penny and this has no meaning as no-one can just buy them from a broker as there has to be an agreement to buy. Link to comment Share on other sites More sharing options...
mogbad Posted January 25, 2015 Share Posted January 25, 2015 This may be just a way of putting the equity and debts into order before a complete buyout. The people who have loaned money by way of a charge on the ground may have accepted some of the new shares with MM taking the majority. This way all owners of shares get their proportion of the resulting sale. The shares may be £1 each but this may not relate to the value of these shares at the point of sale. For instance any buyer might have agreed to pay £37 per share and this way the value of the purchase is over £30000000. Only a theory but quite often when the shares are not floated on the stock exchange the nominal value is just a pound or even a penny and this has no meaning as no-one can just buy them from a broker as there has to be an agreement to buy. Is it also possible that DA & any of the other Care Home Crew who still might be owed have also been allocated shares so that any debt to them is also cleared on an eventual sale. Link to comment Share on other sites More sharing options...
SallyCinnamon Posted January 25, 2015 Share Posted January 25, 2015 Bump Link to comment Share on other sites More sharing options...
southportdc Posted January 25, 2015 Share Posted January 25, 2015 (edited) Let's not jump ahead to who gets the shares so the sale pays them. We don't know what this is yet. Edited January 25, 2015 by southportdc Link to comment Share on other sites More sharing options...
dobbo Posted January 25, 2015 Share Posted January 25, 2015 If its to do with new owners you would hope they have £3m or whatever the figure is to pay off the loans completely, not faff about giving them shares Link to comment Share on other sites More sharing options...
jammyb87 Posted January 25, 2015 Share Posted January 25, 2015 This may be just a way of putting the equity and debts into order before a complete buyout. The people who have loaned money by way of a charge on the ground may have accepted some of the new shares with MM taking the majority. This way all owners of shares get their proportion of the resulting sale. The shares may be £1 each but this may not relate to the value of these shares at the point of sale. For instance any buyer might have agreed to pay £37 per share and this way the value of the purchase is over £30000000. Only a theory but quite often when the shares are not floated on the stock exchange the nominal value is just a pound or even a penny and this has no meaning as no-one can just buy them from a broker as there has to be an agreement to buy. Going by that then, they may have already bought us out and we are just waiting for the fit and proper persons test to go through? Link to comment Share on other sites More sharing options...
Whitechapel Owl Posted January 25, 2015 Share Posted January 25, 2015 Link to comment Share on other sites More sharing options...
Chris_B_SWFC Posted January 25, 2015 Share Posted January 25, 2015 Money2.gif lol Link to comment Share on other sites More sharing options...
Saxondale Posted January 25, 2015 Share Posted January 25, 2015 Money2.gif Link to comment Share on other sites More sharing options...
Triple O Posted January 25, 2015 Share Posted January 25, 2015 If its to do with new owners you would hope they have £3m or whatever the figure is to pay off the loans completely, not faff about giving them shares Yes they would have the money but when buying shares they simply buy them all no matter who owns them. It is simpler that way as if a company had multiple owners or other interested parties who had loan notes or charges the buyers would have to settle them all individually. Link to comment Share on other sites More sharing options...
Guest totemowl Posted January 25, 2015 Share Posted January 25, 2015 Yes they would have the money but when buying shares they simply buy them all no matter who owns them. It is simpler that way as if a company had multiple owners or other interested parties who had loan notes or charges the buyers would have to settle them all individually. Can't see why it's simpler. In fact I just don't buy into this loan conversions theory. All those who have loans have a secured, defined sum with a defined rate of return. It doesn't make sense that they would agree to have those loans converted into shares, whose value will go up or down based on how much the buyer pays for the club. Link to comment Share on other sites More sharing options...
lesbarbeux Posted January 25, 2015 Share Posted January 25, 2015 Money2.gif Brilliant...just brilliant! Link to comment Share on other sites More sharing options...
nile Posted January 26, 2015 Share Posted January 26, 2015 Money2.gif absolute class that Link to comment Share on other sites More sharing options...
owls maniac Posted January 26, 2015 Share Posted January 26, 2015 Money2.gif sensational Link to comment Share on other sites More sharing options...
mogbad Posted January 26, 2015 Share Posted January 26, 2015 Can't see why it's simpler. In fact I just don't buy into this loan conversions theory. All those who have loans have a secured, defined sum with a defined rate of return. It doesn't make sense that they would agree to have those loans converted into shares, whose value will go up or down based on how much the buyer pays for the club. It might not be simpler for those that have the loans secured but it would be simpler for the buyers. They may have said to MM that they don't want to deal with 3rd parties & when they pay for the club they want all debts cleared. At the end of the day it's all supposition, none of us know what's happening, if anything. Link to comment Share on other sites More sharing options...
MAL Posted January 26, 2015 Share Posted January 26, 2015 Can't have a takeover this week not with ruddy tax returns to do Feel free to ask for help on here MK. I am sure someone from google can point you in the right direction. You never know, might not have to do them at all. Link to comment Share on other sites More sharing options...
scram Posted January 26, 2015 Share Posted January 26, 2015 Money2.gif Great! I'm watching that and hearing Macarena Gave me a bit of a giggle anyway Link to comment Share on other sites More sharing options...
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