No reply to email sent to Dundee FC

[islaydarkblue]

I’ve already told you why I wouldn’t join Dee4life. Do you not realise as per other posters, that you and Forbes involvement is hampering Dee4lifes cause?

I have already done my bit for the Dee4life Trust including ensuring that the correct % shareholding of Dundee Football Club Limited shares held by the Dee4life Trust was listed in their annual accounts for the year ending 31st May 2020 prior to them being emailed to their members before the AGM held in 19th December 2020.
I used the correct number of shares issued not the total amount shares listed in the Confirmation statement dated 13th February 2020 which is wrong.
However as your are not a Dee4life Trust member this has nothing to do with you.

[Deeranged]

I have already done my bit for the Dee4life Trust including ensuring that the correct % shareholding of Dundee Football Club Limited shares held by the Dee4life Trust was listed in their annual accounts for the year ending 31st May 2020 prior to them being emailed to their members before the AGM held in 19th December 2020.
I used the correct number of shares issued not the total amount shares listed in the Confirmation statement dated 13th February 2020 which is wrong.
However as your are not a Dee4life Trust member this has nothing to do with you.

Great attitude, you're not one of us so I'm not telling you - it's a secret.

Is Dee4Life registered with The Grand Lodge of Scotland at all?

[islaydarkblue]

Great attitude, you're not one of us so I'm not telling you - it's a secret.

Is Dee4Life registered with The Grand Lodge of Scotland at all?

You should know the answer to that question.

[ClaypottsDee]

I have already done my bit for the Dee4life Trust including ensuring that the correct % shareholding of Dundee Football Club Limited shares held by the Dee4life Trust was listed in their annual accounts for the year ending 31st May 2020 prior to them being emailed to their members before the AGM held in 19th December 2020.
I used the correct number of shares issued not the total amount shares listed in the Confirmation statement dated 13th February 2020 which is wrong.
However as your are not a Dee4life Trust member this has nothing to do with you.

Would you be good enough to provide a breakdown of the share capital of Dundee Football Club. Are there unissued shares available for purchase and what part do Gilson Gray and their representative play?

[BCram]

Douglas, you’re a clown. You’re letting down you’re 180 members. RESIGN.

179 members. I appreciate the efforts he makes to see that the details are correct. In my view he has uncompromising views, some which I disagree with, but I accept that we are all different.
I sometimes disagree with the forthright way you post your views but I see that you care about our club so accept your right to say what you want even though you may, in my opinion, be wrong.

[islaydarkblue]

Would you be good enough to provide a breakdown of the share capital of Dundee Football Club. Are there unissued shares available for purchase and what part do Gilson Gray and their representative play?

The Share Capital of Dundee Football Club Limited is £4 million.
It was stated at the General meeting held in May 2019 that as a result of the increase in the existing share capital of £2 million to £4 million this would remain in place for five years.
The current issued share capital is £3,153,661.15. This means that there is £846,338.85 worth of 1p shares which are normally sold at 1.35 each available to be issued before the current share capital limit is reached.
I enclose the Dundee Football Club Filing History from the Companies House website for your information. https://find-and-update.company-info...filing-history
Gilson Gray are the Dundee Football Club Limited solicitors and Lindsay Darroch who is in charge of the Gilson Gray office in Dundee is the Dundee Football Club Limited Company Secretary.

[BCram]

Islay, does that mean that the swap of debt for equity will be limited to £846338.15. I think that is less than the amount of recent losses so there might need to be another increase on the authorised share capital.

[islaydarkblue]

Islay, does that mean that the swap of debt for equity will be limited to £846338.15. I think that is less than the amount of recent losses so there might need to be another increase on the authorised share capital.

The answer to your question is Yes.
It gets worse.
I have calculated that £846,338,15 x 1.35p equals £1,142,556.50.
This is less than the £2,559,000 outstanding loans due to FPS listed in the Dundee Football Club Limited annual accounts for the year ending 31st May 2020.
If FPS wants to clear all their outstanding loans as at 31st May 2020 then they would have to increase the authorised share capital which they previously stated at the General Meeting in May 2019 that they would not increase for a period of five years.
Every time that FPS carries out a ‘debt for equity’ share transaction this results in the shareholding held held by other Dundee Football Club Limited shareholders being devalued.