Mike Martin Buys Justine Mitchell's Shares. Allegedly.

[PortugueseFrank]

Finally bit the bullet and got on Twitter.

First morning of it I wake up to the news from Wee Jim's TA that Mike Martin has confirmed that he has bought Justine's shares.

That's around 26% of Dundee United's total shares.

The info comes from WJTA having met MM at the SLG meeting it would appear.

Would explain Mike Martin's charm offensive towards fan groups recently.

While the fan groups remain split, those who have hugely influenced where the club is are getting organised.

What will it take?

[TerryTheTerror]

That is interesting (Mike Martin buying the shares, not you signing up for twitter ). If true (it is tweeter after all), anything to be read into this?

[Mecca_Sheikh]

Finally bit the bullet and got on Twitter.

First morning of it I wake up to the news from Wee Jim's TA that Mike Martin has confirmed that he has bought Justine's shares.

That's around 26% of Dundee United's total shares.

The info comes from WJTA having met MM at the SLG meeting it would appear.

Would explain Mike Martin's charm offensive towards fan groups recently.

While the fan groups remain split, those who have hugely influenced where the club is are getting organised.

What will it take?

Twitter is a sewer. I am registered, but almost never visit.

But that news is interesting, if true - I haven't seen it mentioned elsewhere, and I saw two versions of the SLG discussion on Facebook. Not exactly a paradigm of online civility either, at times...

If true, and if true that Justine had 26%... I recall ArabTrust had something like 15%? 26% + 15% makes 9%+1 short of a majority.

Anyone else out there willing to make an offer now?

[TerryTheTerror]

If true, and if true that Justine had 26%

I'm pretty sure that's true.

I recall ArabTrust had something like 15%? 26% + 15% makes 9%+1 short of a majority. Anyone else out there?

Given ST has 51% of the shares it needs to be him that's dealt with to get to the right number. It's also worth pointing out that Mike Martin has been on the board since April 2011.

[PortugueseFrank]

Twitter is a sewer. I am registered, but almost never visit.

But that news is interesting, if true - I haven't seen it mentioned elsewhere, and I saw two versions of the SLG discussion on Facebook. Not exactly a paradigm of online civility either, at times...

If true, and if true that Justine had 26%... I recall ArabTrust had something like 15%? 26% + 15% makes 9%+1 short of a majority.

Anyone else out there willing to make an offer now?

Arabtrust only has about 3%

[PortugueseFrank]

Mike Martin is ST's pal. They embarked the Jets thing together and own a company call United Group something or other.

Interestingly. And if my comany law is correct. Doesn't MM have to make an offer for all the shares by virtue of reaching the magic 25% mark? Which would mean all shareholders having to be approached my him by law.

As we see with dodgy Dave King at Rangers.

Edit. I'm wrong. 30% is the magic number.

[Mecca_Sheikh]

Mike Martin is ST's pal. They embarked the Jets thing together and own a company call United Group something or other.

Interestingly. And if my comany law is correct. Doesn't MM have to make an offer for all the shares by virtue of reaching the magic 25% mark? Which would mean all shareholders having to be approached my him by law.

As we see with dodgy Dave King at Rangers.

Edit. I'm wrong. 30% is the magic number.

I'm really not an expert at company law. At all.

But let's say these things are closer to accurate - 26% = 3% is 29%, which is very close to that 30% magic number...

[PortugueseFrank]

So MM and Trust buy ST out?

MM and ST are business partners in another company and now in United. I doubt he'll be looking at buying ST out.

[Danny_Dyer]

I'm really not an expert at company law. At all.

But let's say these things are closer to accurate - 26% = 3% is 29%, which is very close to that 30% magic number...

Mike Martin is a bigger rat than Thompson ffs!

[RAM1971]

A sideways move could be planned with ST maintaining a 'soft' interest!