Quote Originally Posted by islaydarkblue View Post
Hi Taintedice.
If you had been present at the meeting you would have heard that FPS could easily purchase enough of the ordinary shares held by DFCSS to reach their 75% majority of shares held.
However FPS want to purchase the A shares which in my opinion is for one reason only. To get rid of the entrenched rights in the A shares which could result in;
1. A move from Dens Park
2. Payment of dividends
3. Amalgamation with the Dabs
4. Change of strip colour to say tangerine
There are other entrenched rights but these in my opinion are the main ones.
No doubt some posters will say that you cannot pay dividends in a company makes a loss. However private equity firms have been doing this in the UK for years. Paying annual dividends to themselves and loading the corresponding debt onto the company concerned This also avoids paying corporation tax on any profits in future financial years.
I wasn't invited to the meeting so couldn't go. Your post doesn't really add anything to this discussion, just repeating what even blaspheming non-members know. I'll give you credit for coming up with the strip change to tangerine, though, that's a good one