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Significant investment by FPP has been made

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Squat said:
filed on companies house gerrin

edit: although this is 7 figures
Statement of capital on 31 October 2019
  • GBP 1,000,000
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Something very complicated is going on. You need to look at all the other filings today. This is nothing less than a complete restructuring of the company's capital base. The detailed files aren't yet available, but it looks like I'm going to be spending a lot of time in a darkened room with a towel over my head trying to make sense of it all. Sorry, @Ghandi Floss , I might have to pinch your space at the next liaison meeting.
 
prehab26 said:
Could be a loan now and if/when promoted, turned into shares to lead into a full on takeover.
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if its a convertible loan that would make sense..they dontwa t to own a league one club...so put an amount of cahash up now..which tun s into share if we stop being league one..
 
rocky said:
I'm delighted we have investment. I'm really concerned about those tasked with utilising this investment. Knowing this was coming and they still appointed Phil Parkinson.
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We don't know what the plan is for the utilisation of this money yet.
 
skullmeister said:
Fannies galore on this place like, what a depressing way to live a life being down on each and every move that the club makes.
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It’s not being on a down, it’s asking how it can be an investment when the shareholdings - ie the investments made by shareholders - remain as they were before, implying that this is a loan rather than an equity investment. If so, why not just call it a loan?
 
West_Winger said:
There is for the club. Not sure what a solvency statement is like.

Edit - found it.

“This solvency statement is a statement that each of the directors is of the opinion that the company will be able to meet its obligations and discharge its debts over the next 12 month period, or in the event of its winding up.”

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You have to file one of those if you're proposing a cancellation of a share premium account and/or a reduction in share capital. Both of those things are also happening.
 
Grumpy Old Man said:
Something very complicated is going on. You need to look at all the other filings today. This is nothing less than a complete restructuring of the company's capital base. The detailed files aren't yet available, but it looks like I'm going to be spending a lot of time in a darkened room with a towel over my head trying to make sense of it all. Sorry, @Ghandi Floss , I might have to pinch your space at the next liaison meeting.
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are you going to have to wait 5 days like companies house says before they are available?
 
prehab26 said:
Investment is good news. It just needs to be managed correctly with the right people making the calls at the AOL and recrutiment areas. Not sure I am so optimistic with Reid, Cotton and Donald himself making all the big boss calls.
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This, no confidence in it being spent wisely, the rest hasn't.
 
West_Winger said:
It’s not being on a down, it’s asking how it can be an investment when the shareholdings - ie the investments made by shareholders - remain as they were before, implying that this is a loan rather than an equity investment. If so, why not just call it a loan?
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ythey are calling it a loan..because thats what it is...but its a loan to madrox..not safc..

loans are hoe you put money into a business...cheslea owe abramavhch £1bn..

ellis loaned safcover £100m and then converted it later..
 
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