Quote:
Originally Posted by Mr Matthew
Thinking about purchasing a share, but can anyone on here please inform me what does that actually mean in owning a percentage of the club?
To my reckoning and correct me if I'm wrong there are 10000 shares avaliable at this time and if these were the only shares of the club each share would be worth 0.01%.
Ilyas will be giving his shares away to the current shareholders at a certain point in the future, but how much of the club does Ilyas currently own? ie. if he owned 100% the 0.01% ownership would not be diluted, but if he currently owned 50% each new share would be equivalent to owning 0.005% of the club.
If that makes sense, can anyone please help.
Cheers
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There were 9,999 shares being issued with this issue. From memory there are 11,800 shares already in existence of which I think 42% are in Mr K's name.