MM delay

[drummindefender]

maybe a pm to clear it up

 

[Foxes_Trust]

It has to be, it's 96% of their stake back again. And still 25% of the shares can be retained.

I wonder if every party keeping 25% of their shares is possible. Forcing every shareholder to sell 75% of their shares

No, it can't work that way, each shareholder has to sell all their shares or none of them, we have explored the part option & it was bounced.

 

[Matt_B]

No-one knows Drumming, and to be fair to the FT, with the amount of abuse (deserved or not) that the FT get on here, I can't see why they would bend over to give us all their information.

 

[newtonfox]

Aparently MM will pay 47p in the pound now and 47p later. He only wants 75% of the shares and will keep TD on for 6 months, although hes likely to be gone in 2

glad you posted that and not me

 

[Matt_B]

Us too Newton, we believe what he says

 

[highland fox]

No, it can't work that way, each shareholder has to sell all their shares or none of them, we have explored the part option & it was bounced.

In your opinion do you think the Takeover will go ahead,a Yes or No will do.

 

[Matt_B]

And we won't hold you to it FT, just in your opinion

 

[Melton Fox]

No, it can't work that way, each shareholder has to sell all their shares or none of them, we have explored the part option & it was bounced.

OK, thanks. So it's all down to which 75% are willing to relinquish their shares then is it?.

 

[bocadillo]

True, I just want something new and something official, even it it's just that things are going well or badly.

I can't see the deal being dead, because if the board know it is, then what do they have to gain by holding the info back?

I share your desire to hear something official. The only presumption that can be made at the moment is that things are going badly, based mainly on the fact that things are taking far longer than they were expected to take.

"What have they to gain by holding information back?" I'm not sure who you mean by 'they' here - but if I had bad news which might upset a lot of people, I might take my time in telling them it. Whether that is good practice or not is another matter.

 

[Foxes_Trust]

Ever thought FT that you might have such an insignificant amount of shares the board wont chase you round for a decision. After all all the other shareholders can make a decision without passing it to a vote, then a recount a bit of back slapping and then the answer.

Without explaining the detailed legal implications with the takeover panel, the club has to approach the top 75% of shareholders first & we are easily within that band, hence discussions have taken place.

But we have no final bid document, hence we can't sign anything, until that happens the deal can't complete

 

[Matt_B]

I meant the board. I understand what you are saying, and understand why they would do that, but I think keeping the fans hanging on after so long without official statement is only going to piss us off more when we hear

 

[Foxes_Trust]

OK, thanks. So it's all down to which 75% are willing to relinquish their shares then is it?.

Certainly is + MM sorting out whatever the issue is he has currently which is causing the current delay (talking prior to his Mum's fall)

 

[newtonfox]

Us too Newton, we believe what he says

 

[SilverFox]

Without explaining the detailed legal implications with the takeover panel, the club has to approach the top 75% of shareholders first & we are easily within that band, hence discussions have taken place.

But we have no final bid document, hence we can't sign anything, until that happens the deal can't complete

Ever thought of asking them to get a move on?

 

[highland fox]

I meant the board. I understand what you are saying, and understand why they would do that, but I think keeping the fans hanging on after so long without official statement is only going to piss us off more when we hear

Doesn't seem like the fans are considered very important and its ok to leave us all in the dark

 

[Babylon]

The FT haven't gpt ahead of themsleves?? They certainly got ahead of themselves in canvassing members opinion on a ground-share in the case of the deal not going through!

Trust me - the bid has been received.

Well they didn't say that did they. At the time of that there actually was no deal and the club were saying we had 3 deals that could happen.

Well the trust just said again the bid has not been received??

 

[Durham Fox]

glad you posted that and not me

I didnt

 

[Melton Fox]

I didnt

I told you I knew about the % figure, but hadn't heard anything about the pence figure.

My mole is better than your mole :icon_lol:

 

[Durham Fox]

I told you I knew about the % figure, but hadn't heard anything about the pence figure.

My mole is better than your mole :icon_lol:

:icon_lol:

 

[SJN-Fox]

or are we in the shit? :icon_conf

We are always in the shit, it is merely the depth that varies.