Maybe it has been done to create one share for each member of our new consortium and each individual in Abu Dhabi will be gifted a share for Xmas with us run on a voting basis by shareholders so pick the team etc just like Ebbsfleet were and that is what Bowyer thought was strange.
It is a way of spending money or a way of not spending money. Is it good or is it bad? I don't care much because I much more prefer all this mob to the last two lots, maybe wrong but doubt it.
Agreed. How are you anyway mate. All ok I hope
All good Stevey Boy, anytime you are down this way then let me know.
It is a choice of permitted signatories. As were are not nor likely to be in receivership, those you mention will not apply. Almost certainly RD as EFI not registered as new owner. Someone needs to clarify any changes to Baton 2010 or whoever else controls CAFC Ltd. Seems no change.
It is a way of spending money or a way of not spending money. Is it good or is it bad? I don't care much because I much more prefer all this mob to the last two lots, maybe wrong but doubt it.
Agreed. How are you anyway mate. All ok I hope
All good Stevey Boy, anytime you are down this way then let me know.
Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Would assume that to be the club secretary, so Chris Parkes?
Is Parkes not "just" the football secretary, not the company sec?
It’ll be nothing to do with Chris Parkes.
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.
I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).
I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).
Agree it’s preparation. It’s not evidence of a sale or a cash injection.
I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).
Agree it’s preparation. It’s not evidence of a sale or a cash injection.
Could be just tidying up for RD’s end of tax year accounting.
Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Would assume that to be the club secretary, so Chris Parkes?
Is Parkes not "just" the football secretary, not the company sec?
It’ll be nothing to do with Chris Parkes.
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.
Could this be a bit of creative accounting? Buy the club for 21.5mill and buy the stadium separately for FFP reasons?
I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).
Agree it’s preparation. It’s not evidence of a sale or a cash injection.
Anyone know how you put a cork back in to a bottle of Bollinger? Asking for a friend.
I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).
Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Would assume that to be the club secretary, so Chris Parkes?
Is Parkes not "just" the football secretary, not the company sec?
It’ll be nothing to do with Chris Parkes.
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.
Could this be a bit of creative accounting? Buy the club for 21.5mill and buy the stadium separately for FFP reasons?
Don’t see that you’d need to issue new shares to do that.
What does it all mean? Roland owns the club. Is he breaking it up into 21 million bits.... Or 65 million on account of staprix, and giving them to himself?
Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Would assume that to be the club secretary, so Chris Parkes?
Is Parkes not "just" the football secretary, not the company sec?
It’ll be nothing to do with Chris Parkes.
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.
As a point of order if Baton owned 100% of the football company, then new shares are issued to a 3rd party, reducing Batons holding to 20%, that would in effect separate the football and property companies?
What does it all mean? Roland owns the club. Is he breaking it up into 21 million bits.... Or 65 million on account of staprix, and giving them to himself?
Cafcfan told us what it is twice. Lastly at 9.59pm. I think he's right from memory.
Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Would assume that to be the club secretary, so Chris Parkes?
Is Parkes not "just" the football secretary, not the company sec?
It’ll be nothing to do with Chris Parkes.
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.
As a point of order if Baton owned 100% of the football company, then new shares are issued to a 3rd party, reducing Batons holding to 20%, that would in effect separate the football and property companies?
However we have no evidence they have been issued to a third party at this point. Also have to think how the ex-directors’ loans would play into this, if at all, given the loans are secured on the assets.
I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).
Yeah. I am unfamiliar with what the terms mean. It seems to mean something like taking your money from the penny jar to the counting machine and converting it into vouchers. Or maybe getting a loft conversion paid for from savings, so the money is in your house rather than your ISA
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(Joke)
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.
Roland owns the club. Is he breaking it up into 21 million bits.... Or 65 million on account of staprix, and giving them to himself?
Lastly at 9.59pm.
I think he's right from memory.
I am unfamiliar with what the terms mean. It seems to mean something like taking your money from the penny jar to the counting machine and converting it into vouchers. Or maybe getting a loft conversion paid for from savings, so the money is in your house rather than your ISA