22-10-2014, 21:47
(22-10-2014, 20:42)TIN TIN Wrote: Ok Fred, so how come king and his consortium didnae invest their £16million in the recent shares issue? I am no shares expert but surely, had they done that, they would now have total control of the club today and would not require the shares of Easdales.
It was a rights issue only available to existing shareholders and subject to an upper limit. King doesn't have any shares so couldn't take part. He's said before he would invest but only in the issue of new shares because he's got some problem with paying money to the owners of shares already in issue. And before anyone tries to turn that on the board, his stance of not wanting to see anyone else benefit from his money also extends to reputable institutional investors and fans who own shares.