Re: 1000 Shares Issue!!!
 

It's a Limited company, nobody will be chased for the debt of the company.

Re: 1000 Shares Issue!!!
 

That's good.
Is the information about directors right though?

Re: 1000 Shares Issue!!!
 

Whatever is registered at Companies House is legally correct.

Re: 1000 Shares Issue!!!
 

No, I meant directors of a failed company, being banned from being directors of other companies.

Re: 1000 Shares Issue!!!
 

yes its ture although the length of time they are banned can be varied

imho thats why PM stepped down as it was a huge risk to his other business and he could foresee the appeal failing long before anyone else ie without taking IK offer the club were unable to pay the debt

how right was that!

Re: 1000 Shares Issue!!!
 

Thanks Katei, That's why, in my opinion, O'Neill's name is not at companies house.

Re: 1000 Shares Issue!!!
 

you have hit the nail on the head he can run the club into the gound and walk away

EW is not bothered as far as i aware he is not a director for any other businesses thats why he also stepped down

most of the other directors are semi/fully retired so wouldnt effect them much

the remaining directors i am unsure of what postion this would leave them in if the club was wound up ie are they directors of other businesses

1000 Shares
 

If I was to apply and sent off the form, when would they take the money?
What if the club folded (sorry for being negative) and they had took my money?

Re: 1000 Shares Issue!!!
 

Thats quite a dilemma something hard to answer, we dont know for sure how much short we are atm. If the club goes bust then u would have shares in nowt plus lose out on the package offers included.

Re: 1000 Shares Issue!!!
 

So is the share issue still on??? If so count me in???

Re: 1000 Shares Issue!!!
 

I'm sure that it will still be on, or at the very least there will be an amended form of it as Ilyas did talk about the need for recapitalisation on the radio yesterday.

Count me in as well now :)

Re: 1000 Shares Issue!!!
 

Yep - it's still on. I had a call from Martin Edmundson this aft.

I told him I'd hung back until the Club's future had been decided and he said that was pretty much the view of everybody he'd spoken to.

He also told me that all the prices are now inclusive of VAT so the entry level price is a straight 250 of your English pounds.

A new dawn indeed.

Re: 1000 Shares Issue!!!
 

Unless you are V.A.T. Registered, I believe? :confused: :)

Re: 1000 Shares Issue!!!
 

Is there any indication yet on future convertability to 'A' shares which would give full voting rights?

Re: 1000 Shares Issue!!!
 

wouldn't know about that - I'm a fully paid up member of the proletariat