FPS has offered £8,000 for £140,000 worth of shares and is justifying this by stating that DFCSS listed them at a nominal value of £1 in their annual accounts. By doing this FPS is accepting the DFCSS account's valuation of the shares as correct and by making their offer to purchase at a 'considerable premium' are admitting that the club is in effect valueless.

By offering £8,000 for 14,000,000 shares what does that mean FPS actually value our club at? Can anyone do the maths?

IMO if FPS want to go down this road they should make a reasonable offer for the shares and that offer should be accepted by the members of DFCSS. Let's face it, the club will get the money back in time anyway. However what constitutes a reasonable offer is a matter of opinion - in my opinion £8,000 is comic cuts stuff.

Shaded - I'll go halfies.