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sam gy |
February 16, 2012, 4:20pm |
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Thanks Dan.
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roundballovalhole |
February 16, 2012, 4:44pm |
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Thanks Dan.
Yeah thanks Dan for doing the worst photoshop picture ever. It is completely in-keeping with the original post in that it bares absolutely zero relationship to reality. Giving £1000,000 in hard cash. . . . how is that pretending? Please explain it to me Sam (John's chief rimmer)
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Dan |
February 16, 2012, 5:04pm |
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Mate, I use MSPaint for my artwork.
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Quoted from John Fenty, April 2013
I deconstructed the flag to the point where it was safe and couldn’t be considered a danger
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sam gy |
February 16, 2012, 5:10pm |
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Quoted from 1054
Yeah thanks Dan for doing the worst photoshop picture ever. It is completely in-keeping with the original post in that it bares absolutely zero relationship to reality.
Giving £1000,000 in hard cash. . . . how is that pretending?
Erm...that was kind of...the point...
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roundballovalhole |
February 16, 2012, 5:16pm |
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Sarcasm is hard to detect in typed words
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Quagmire |
February 16, 2012, 5:20pm |
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Quoted Text
Please explain it to me Sam (John's chief rimmer)
Out of order RBOH - that is SkegFan's job
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BlackBoots |
February 16, 2012, 7:39pm |
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I still dont get what peoples major issue is, the facts are Fenty is willing to put £200,000 into the club in exchange for some shares that are ultimatly useless in the Trusts hand as they have no financial clout whatsoever, the Trust still have shares in the club and the club is sustained until at least mid 2013
Whatever your feelings on Fenty, I don't understand why we can't just take that as black and white and allow the transaction to happen smoothly so our short term future is secure?
This argument about Parker putting £1,000,000 of his own money in the club, great, respect that but the facts are he's gone now and not coming back anytime soon. Fenty (whilst I for one have questioned some of the god awful decisions he's made over the past few years) has put alot more money then that into the club over the past 10 years or so yet his motives are still questioned? I don't blame him for wanting majority shareholding if he's going to put his own money in, he's securing his spot, what good business man wouldn't do that?
Great post Youngy
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Rob_in_Grimsby |
February 16, 2012, 8:11pm |
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Basically because he has no facts to back up his statement and other comments he has made.
I asked him several questions that he has failed to answer.
The key facts are that Mike Parker has effectively given, not loaned the club 1 million pounds.
Mike parker has not given the club anything, he bought 1million pounds worth of shares which if he had sold to anyone he would have got his money back. the fact is he gave 500k away ( his choice) and still holds 500k which if he could find someone to buy he would get his money back, Like it or not his shares are an asset he can sell or give away and if he did sell only he NOT the club would benefit. Everyone says JF's loans stop anyone buying the club but the same could be said for MP's shares because if someone wanted total control of the club they would have to buy them giving him his money back
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| moribus facit hominem |
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Chris |
February 16, 2012, 10:12pm |
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Mike parker has not given the club anything, he bought 1million pounds worth of shares which if he had sold to anyone he would have got his money back. the fact is he gave 500k away ( his choice) and still holds 500k which if he could find someone to buy he would get his money back, Like it or not his shares are an asset he can sell or give away and if he did sell only he NOT the club would benefit.
Everyone says JF's loans stop anyone buying the club but the same could be said for MP's shares because if someone wanted total control of the club they would have to buy them giving him his money back
I don't think that's strictly true. There are an unlimited number of shares available to buy in GTFC (this was made clear at the clubs AGM last year), which means an investor would just need to invest in a number of new shares. Technically a takeover could happen without Fenty or Parker's shareholding being affected although their shareholding would of course be diluted by new shares being bought. This is effectively part of the proposal with JF. His purchase of 200,000 new shares will dilute the shareholding of both MP and the Trust without their shareholding being affected in terms of the number of shares they own.
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Rob_in_Grimsby |
February 16, 2012, 10:30pm |
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Chris I see your point but I can not see an invester wanting to spend large amounts extra to dilute JF or MP's shares to get control when it would be more cost efective just to buy them from MP or JF, As loans can not be paid back unless the club has good fortune and be in a good financial position to do so, with this in mind I can see why MP wanted shares instead as he has a better chance of getting his money back quicker.
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| moribus facit hominem |
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