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Haggis316 · 05-09-2009, 10:45

I have read a lot of misconceptions on here and elsewhere about the alleged motives of ASSF and Ilyas.

As I understand it:

ASSF are proposing a public share issue equivalent to 50% of the club's issued share capital.

ASSF would be underwriting it so they would only take up what shares the public (which might for these purposes include David O'Neill and other directors) did not subscribe to.

What would be so power grabbing about that????

05-09-2009, 10:45	#56
Haggis316 Senior Member+ Join Date: Oct 2006 Posts: 2,746 Liked: 93 times Rep Power: 2398	Re: Can Someone Explain ? I have read a lot of misconceptions on here and elsewhere about the alleged motives of ASSF and Ilyas. As I understand it: ASSF are proposing a public share issue equivalent to 50% of the club's issued share capital. ASSF would be underwriting it so they would only take up what shares the public (which might for these purposes include David O'Neill and other directors) did not subscribe to. What would be so power grabbing about that???? __________________ 6th March 1962 - They turned off the gas but nothing could extinguish the flame!