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Hi hmacQuote:
Originally Posted by hmac
The shares have a nominal value of 1p and have recently been issued at prices of up to 1.35p each in the debt for equity’ swaps.
14 Million Ordinary shares of 1p each equates to a price of £140,000. FPS are offering 5.71% of £140,000 with their derisory offer of £8,000.
Hi DeerangedQuote:
Originally Posted by Deeranged
Thank you for your advice.
I even took the trouble to re-check the club statement despite having previously dissected it.
Taintedice is talking a lot of rubbish.
I no longer own a blazer as I got rid of mine when I resigned as a member of Lochee Private Bowling Club in September 1993.
oh dear, more aggressive behaviour, someone is angry today. Islay needs put right, hardly spamming, mr angryQuote:
Originally Posted by Deeranged
so they don't have to organise an expensive share issue to increase the share capital.Quote:
Originally Posted by islaydarkblue
You are the expert so please enlighten me and the other posters.Quote:
Originally Posted by Taintedice
Grrrrrr. Not if they make a reasonable offer to the wonderful people on the DFCSS board and to the insightful membership thereof for the 14,000,000 or so shares that the society holds they don't. The derisory offer of 5% of their actual worth is laughable. If they offered 35% to 50% of their value that would have been considered reasonable (by me as a fan and member of the society at least) but in all honesty 5% is laughable and insulting to all shareholders. They'll save themselves a fortune if they just don't take the pi55 the way they have with this offer. GrrrrrQuote:
Originally Posted by Taintedice
Note - Grrrrrs are there for added 'anger' as I'm clearly raging about something, hate FPS, want the club back in fan ownership and am seeking a blazer. I just saved you a lot of bother there Tannadice, you should be grateful.
Hi Deeranged,Quote:
Originally Posted by Deeranged
Thank you for your post which sums things up.
I am very disappointed that hmac has not responded to my post and admitted that he put the decimal point in the wrong place.
57% of £140,000 is £79,800.
Hi Islay. Harry made a mistake I think, it happens even to intelligent guys like Harry. I did similar the other day on this thread when I said the shares' nominal value was £1. I don't make many mistakes but I did with that one.Quote:
Originally Posted by islaydarkblue
Out of interest would you agree with me that if a proper offer of say 35% to 50% was made this would possibly be more palatable to us DFCSS members? For me it would represent not only a bargain for FPS but a reasonable and much less insulting offer to the society members, non member fans and all other shareholders. In my opinion at least it is more likely to be accepted than £8,000.
Why don’t the DFCSS make a reasonable offer by just giving them the shares free, as a thank you for the investment they have put in, and for saving the club from McDonald, Forbes and co, who were on track to kill our club stone dead,Quote:
Originally Posted by Deeranged
Just a thought.
Would you make me the reasonable offer of your house as a thank you for my support of, and investment into, the club over the past 56 years?Quote:
Originally Posted by jdfc
Didn't think so.
The shares have a value and to sell them at the £8,000 offered devalues them for all share holders not just the society.