Re: Today's meeting of Shareholders
if an additional 200k is being issued then the original 100k becomes only as third of the total percentage. ie the current 51% shareholder would only be worth 17%.
The original idea touted by ASSF was that no one shareholder should hold more than 20-25% in order to do away with any potential 'dictatorships'.
So if The Don wants to be worth the same as any 'new' large shareholder he will have to put more money in and buy another 3% (based on 20% max) or £6000.
It is a good move, but personally I would have like to have seen it be a lot more money. It's only a nominal amount and it is up to an individual whether they think it is worthwhile or not so it wouldn't matter if it was 200k or 200m. I'd like to have seen £1m worth become available. It is something you could add to every time you have a spare hundred quid or so and it wouldn't matter if the issue was not fully subscribed first time out. With only 200k available I can see it selling out reasonably quickly and then we would be back to where we are now albeit with some extra debt paid off.
I would hope that once the deal is agreed and rolled out that there is enough time allowed before subscription so that people can save up a bit, and allow many more of the fans to get involved.
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