essex canary 487 Posted February 7, 2023 10 hours ago, shefcanary said: You know it doesn't Essex. Is the circle really a torus that can't be squared? Or did Bailey get it wrong (for once)? Great stuff from yourself, @GMF, @Parma Ham's gone mouldy and @PurpleCanary and others. I will revise my original theory in so much as clearly the re-financing will be loans based and as such I think you are right that the new shares will be issued at nominal price though in the wider scheme of things it won't matter. I think the Panel verdict goes with the C Preference Share transaction being the only one S&J will enter into. It will be part of the transfer and perhaps Tom will be there for the long haul with a Board role that focuses on the Club's Community side and interface with CSF. In a sense that also fits with S&J will only take out what they put in. Perhaps symbolic shareholding will mean 5% are still held by small shareholders. If so that may well be a very long term arrangement. We could still be wrong but surely it is our best guess given what we know? Share this post Link to post Share on other sites
Big Vince 317 Posted February 7, 2023 194,512 is the number of times Delia has given the ball away on purpose during the period 1996-2023. Share this post Link to post Share on other sites
GMF 719 Posted February 7, 2023 32 minutes ago, Big Vince said: 194,512 is the number of times Delia has given the ball away on purpose during the period 1996-2023. She’s no Tommy Tryball! Share this post Link to post Share on other sites