Possible Takeover on Grove Street ?

[Young_Nudger]

As I mentioned before it is illegal to mislead financial markets by posting information that is false on global Registries such as The Hong Kong Registry. I'm sure Parekh would not have done that. So as the declaration on the Registry declares the shares were all taken up as a "rights issue" ie in proportion to existing percentages held then Parekh. or his audience, may have misunderstood something

Contrary to what is said about Lee's shares decreasing the facts shown on the Hong Kong Registry reveal--

---on 11th January 2021 Parekh sold 2.25% of his shares to Chein Lee and

---on 3rd September 2021 Parekh sold a further 1.5% of his shares to Chein Lee

This apparently small movement of shares from Parekh to Lee is important because it took Lee's holding from 27.5% to his present 31.25% and would potentially give Lee a majority holding if he combined with a 20% group such as the Investor Group as together they would hold 51.25%.

It is odd that Parekh is claiming Lee's shares have reduced when he was the very person that sold shares to Lee to increase Lee's percentage.

Summats not reyt darn theear.

Yep - definitely something needs clarifying.

On the face of it - it looks like Neerav was looking to offload his shares.
And I’m guessing that was because James was telling him about the mess Paul Conway was making.
The big change has come about with the change of direction from the JAQs Group.
Leaving Chien Lee and joining the Neerav / James.
But that shows there’s a divide.
And that’s not good for the future of the club.

[EthelRed]

I’m confused, after the elation of the shambles meeting and all is well, now the future doesn’t look good.

Can someone enlighten me please?

[Jules88]

The transcript of the meeting sent to me today says that they raised a million, have plans to raise 3.odd million, and January, there will need to be another injection………
“ Neerav confirmed the financial position ‘wasn’t good following relegation, with the £1m cash injection needed to keep the club going through the Summer. The board yesterday has just made a capital call for a further injection of £3.2m to get through to January, put in as equity, with the likelihood that more money will be required in January”

Wonder what plans are for that “January injection” ? I’m hoping they are already scouring the US for more family to join the investment group.

[Jules88]

Before I get criticised for having a go…. One thing did strike me
Neerav added ‘Something we found in the data was we weren’t actually creating chances for the strikers that we had. We brought in players that could add that offensive threat from midfield, and you see it now in Devante Cole, so this was an area we addressed, and it wasn’t just about signing strikers’

Absolutely 100%. Totally agree. We created little chances all season. Benson, Kane ( who should have been kept here last season) Williams were all missing for long swathes of the season. Brittain was missing for all of it. You can see the difference in chances created, even after so few games.

[SBRed48]

Before I get criticised for having a go…. One thing did strike me
Neerav added ‘Something we found in the data was we weren’t actually creating chances for the strikers that we had. We brought in players that could add that offensive threat from midfield, and you see it now in Devante Cole, so this was an area we addressed, and it wasn’t just about signing strikers’

Absolutely 100%. Totally agree. We created little chances all season. Benson, Kane ( who should have been kept here last season) Williams were all missing for long swathes of the season. Brittain was missing for all of it. You can see the difference in chances created, even after so few games.

Another factor is that we were competing against Championship midfields last season. It could be argued the Third Division offers more scope to create chances.

I hope it is just coincidence but the need to put in funds in January mentions money rather than equity (shares). January coincides with the transfer window.

We are limping from month to month. Promotion is almost becoming essential financially.

[SBRed48]

It would be helpful if someone with the necessary IT skills (Poggy ? ESR ?) could upload on a separate thread on here the website address or full report on the BBS containing the details of the Engagement Forum. BSCT Engagement Forum Report (Post 1).

It reveals , amongst many other things, Nudge's confusion about shares. Parekh actually said some owners shares would be diluted IF THEY DID NOT TAKE UP their full allocation of the share issue. Well yes it would but that hasn't happened yet.

[Romared]

Dintha gerra email ? Tha so last year , time to get darn wi kid's , if you want to bobbin it now you ev to be like bobby brown !! Sithi ♥

[Acido]

Its all very worrying as to how close we might still be, to the threat of administration!.
Fingers crossed they will keep adding the funds if/when necessary to keep us going, but that won't go on forever of course.
It does also put extra importance now on the team making this a successful season. Could we say its been a success though if we just miss out on the Play offs, or if we get to them but end up losing.
I don't want to think along the lines of promotion or bust, but who knows ehh!. 😦

[Jules88]

Another factor is that we were competing against Championship midfields last season. It could be argued the Third Division offers more scope to create chances.

I hope it is just coincidence but the need to put in funds in January mentions money rather than equity (shares). January coincides with the transfer window.

We are limping from month to month. Promotion is almost becoming essential financially.

“January” money input was exactly my point…where’s it coming from…
My guess is Player sales

[SBRed48]

Dintha gerra email ? Tha so last year , time to get darn wi kid's , if you want to bobbin it now you ev to be like bobby brown !! Sithi ♥

Thee 'n Jules must be on Loko's Supporter's Trust database.

Tha musta joined when tha eddto be in to go into Redfearns Bar. Now the club ev thrown them art into a cold corner of the car park tha'll ev forgotten tha joined.