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Ralph Wrong

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  1. [quote user="BunnyB"]http://www.eveningnews24.co.uk/content/sport/story.aspx?brand=ENOnline&category=Sport&tBrand=ENOnline&tCategory=Sport&itemid=NOED23%20Jul%202008%2012%3A09%3A36%3A823[/quote]I demand your source!
  2. [quote user="mickfoot"]If Cullum was on board we''d all be looking forward to £600 season tickets next season (with similar buys I imagine) and the club would really stay firmly behind closed doors. [/quote]You just made that up didn''t you?
  3. [quote user="BigFish"][quote user="Canary Nut"][quote user="WEEN_NASTY"] Looking at it another way. Issuing a further £20m worth of shares would dilute the value of each individual share [/quote] No it wouldn''t because you have to include the extra £20m cash in the value of the business. [/quote] Not so simple. The market for shares in NCFC is not liquid, i.e. they don''t go up and down in a market situation. Delia shares have value because they control the club, not because of the value of the club. This value is set by what she would take and equally what someone would pay. The minority stake is worthless as the club doesn''t pay dividends and if someone bought them they get bugger all. [/quote]That is simply not true!Granted a minority holding is not as valuable in general practice (per share) as a majority holding but to say they are worthless is exactly the sort of disinformation which is propagated and absorbed on these boards. Are you telling me that minority shareholders Andrew and Sharon Turner would bite my hand off if I offered them a quarter of what they paid for their shares? A quarter has to be worth a lot more than bugger all doesn''t it? What about Mr. Foulger, say I offered him £20k cash for his shareholding he''d be a fool not to accept wouldn''t he because they''re worth "bugger all" aren''t they? Of course they''re not worth bugger all, if they were then every shareholding fan has been  conned at £25 a pop! 61% of a business with assets of £51m and liabilities of £35m isn''t worth anywhere near as much as 49% of a business with assets of £71m and liabilities of £35m on the market.
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