Guest Posted August 1, 2019 Share Posted August 1, 2019 Where can you buy the club for 400k? Btb was going to raise 800k to get 25% so how can the club be getting sold for 400k? Is there not over 2 million £1 shares in falkirk, the original btb bid was the MSG were willing to dilute their shareholding in the club at a reduced price to btb so we would own 25% , why would they now sell 62% for half that? Unless I'm reading something wrong here The MSG have 62% of £2.4m shares. I believe they have sold for under 30p. Do your sums. The original BTB bid was to buy new shares so the 800k was going straight into the club and not into pockets of the MSG. 0 Quote Link to comment Share on other sites More sharing options...
mic_17_uk Posted August 1, 2019 Share Posted August 1, 2019 Where can you buy the club for 400k? Btb was going to raise 800k to get 25% so how can the club be getting sold for 400k? Is there not over 2 million £1 shares in falkirk, the original btb bid was the MSG were willing to dilute their shareholding in the club at a reduced price to btb so we would own 25% , why would they now sell 62% for half that? Unless I'm reading something wrong here Were they absolutely milking the original BtB scheme then? Edit : so they were charging BtB £1.33 per share and are now selling at £0.30 per share. That's the most confusing thing I've read this week and pretty damming on the MSG. 0 Quote Link to comment Share on other sites More sharing options...
Auld man Posted August 1, 2019 Share Posted August 1, 2019 12 minutes ago, knee jerk reaction said: Where can you buy the club for 400k? Btb was going to raise 800k to get 25% so how can the club be getting sold for 400k? Is there not over 2 million £1 shares in falkirk, the original btb bid was the MSG were willing to dilute their shareholding in the club at a reduced price to btb so we would own 25% , why would they now sell 62% for half that? Unless I'm reading something wrong here Sandy quoted 2.4 million at the egm 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 1, 2019 Share Posted August 1, 2019 Sandy quoted 2.4 million at the egmAnd that got the biggest laugh of the day 0 Quote Link to comment Share on other sites More sharing options...
bairney Posted August 1, 2019 Share Posted August 1, 2019 I thought the area for a new stand was in Grangemouth's exclusion zone? It all sounds like politician talk from this guy. I hope he's not another george Bloody fulston. 0 Quote Link to comment Share on other sites More sharing options...
Dawson Park Boy Posted August 1, 2019 Share Posted August 1, 2019 3 minutes ago, Back Post Misses said: And that got the biggest laugh of the day 0 Quote Link to comment Share on other sites More sharing options...
Dawson Park Boy Posted August 1, 2019 Share Posted August 1, 2019 Heard they were selling at less than 30p 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 1, 2019 Share Posted August 1, 2019 Were they absolutely milking the original BtB scheme then? Edit : so they were charging BtB £1.33 per share and are now selling at £0.30 per share. That's the most confusing thing I've read this week and pretty damming on the MSG. No, I think that 2.4m extra shares were being released at 33p = 800k 0 Quote Link to comment Share on other sites More sharing options...
GMBairn Posted August 1, 2019 Share Posted August 1, 2019 Surely the price for the club would be pretty high. Btb was going to buy out 30% I think and that was taking 800k. Stands to reason to get the rest of the msg shares would cost at least the same again. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 1, 2019 Share Posted August 1, 2019 Surely the price for the club would be pretty high. Btb was going to buy out 30% I think and that was taking 800k. Stands to reason to get the rest of the msg shares would cost at least the same again. The 800k @33p/share would buy the extra 2.4m shares. The MSG had c1.4m between them reducing their shareholding to c30% from 62% 0 Quote Link to comment Share on other sites More sharing options...
knee jerk reaction Posted August 1, 2019 Share Posted August 1, 2019 This doesn't make sense then, if you're selling your shares for 400k when someone else is in with funds of 800k? I know the board take some stick on here but surely no-one is that stupid that they'd sell half price to an unknown rather than actual falkirk fans 0 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted August 1, 2019 Share Posted August 1, 2019 I will repeat that the proof of funding is secondary to me now. I am sure he can show the club he has money to buy them out. Once he has the club for c400k he and his people can do with it what they wish. We have just got to be sure he won’t turn us over and look after the club once the sale has gone through. You can do all the DD you wish but there has to be a judgment call in all this based on someone’s past, integrity and track record. Will we ever get a bid from someone with a successful past in running football clubs though. I do want to know more about this guy for sure. I just dont see a way for us to stand in his way. This is squarely on the MSG. That unnerves me, but thats what it is. We just might need to pick up the pieces 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 1, 2019 Share Posted August 1, 2019 This doesn't make sense then, if you're selling your shares for 400k when someone else is in with funds of 800k? I know the board take some stick on here but surely no-one is that stupid that they'd sell half price to an unknown rather than actual falkirk fans They were not selling to BTB just reducing the % shareholding. The 800k was an investment straight into the club. TBF on most of the MSG the cash is not that relevant on this. They seem to want to ensure the club is in safe hands moving forward and with someone who will develop it. Fingers crossed this guy is it. Big call mind you on someone from Sidcup. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 1, 2019 Share Posted August 1, 2019 Will we ever get a bid from someone with a successful past in running football clubs though. I do want to know more about this guy for sure. I just dont see a way for us to stand in his way. This is squarely on the MSG. That unnerves me, but thats what it is. We just might need to pick up the pieces You are right we are in the hands of 10/11 people who 90% of the fanbase has no confidence in 3 weeks ago. 0 Quote Link to comment Share on other sites More sharing options...
falkirkzombie Posted August 1, 2019 Share Posted August 1, 2019 This doesn't make sense then, if you're selling your shares for 400k when someone else is in with funds of 800k? I know the board take some stick on here but surely no-one is that stupid that they'd sell half price to an unknown rather than actual falkirk fansThey were not selling to btb, they were diluting, and the money was to stay with the club not leave in their pockets. 1 Quote Link to comment Share on other sites More sharing options...
AL-FFC Posted August 1, 2019 Share Posted August 1, 2019 6 minutes ago, Back Post Misses said: You are right we are in the hands of 10/11 people who 90% of the fanbase has no confidence in 3 weeks ago. On the flip side though they had confidence in themselves though even if no one else did. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted August 1, 2019 Share Posted August 1, 2019 28 minutes ago, Back Post Misses said: The 800k @33p/share would buy the extra 2.4m shares. The MSG had c1.4m between them reducing their shareholding to c30% from 62% I don't pretend to understand this stuff, but it sounds like Campbell won't have control if only the MSG's shares are on offer. -1 Quote Link to comment Share on other sites More sharing options...
ShaggerG Posted August 1, 2019 Share Posted August 1, 2019 Just now, welshbairn said: I don't pretend to understand this stuff, but it sounds like Campbell won't have control if only the MSG's shares are on offer. He'd have 62% of the shares so, aye, he'd have control. 1 Quote Link to comment Share on other sites More sharing options...
BountyBairn Posted August 1, 2019 Share Posted August 1, 2019 3 minutes ago, welshbairn said: I don't pretend to understand this stuff, but it sounds like Campbell won't have control if only the MSG's shares are on offer. He will, just like the volume they have gives the MSG current control 0 Quote Link to comment Share on other sites More sharing options...
knee jerk reaction Posted August 1, 2019 Share Posted August 1, 2019 I see what you're all saying about the btb bid, but surely the MSG could sell to the fans for 800k as the funding would be available rather than using it to dilute their shareholding? They would then get 800k instead of 400k, I don't see what they gain from going with Mark Campbell's bid when they could obviously get more and leave the club in fan's hands. Unless he is the real deal and is going to transform the club 0 Quote Link to comment Share on other sites More sharing options...
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