Quote:
Originally Posted by Doug
I don't think it will work like that Rob; I'm not sure what I reading to be honest but the earlier announcement in the press indicated that the issue would be 1 million. I think the club's value as been inflated in terms of the historical and passionate values applied by us the supporters; I can't see how the numbers would allow current share holders to retain their shares and anyone individual to come in and effectively buy a take over. These shares can only be a percentage of what value has been applied to the club.
That said I'm taking out of my box; I can't see that the whole area of interest would achieve the total value of the issues; what I mean by that is that in this current financial environment not many of us will be able take up much more than a token share; I do recall that Ilyas in a statement somewhere said he would underwrite the issue; so by taking up the unissued shares he would hold the majority share in the name of the community until the opportunity arises to reissue in the future.
This would give us a 9ct guarantee that the club remains in safe hands until the greater Accrington Stanley/Accrington Town is mature enough to take on full community ownership. I think.
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similar to what i was thinking/hoping, but i know sweet F.A. about these things.