07 Sep 2016 18:22:55
Even I am getting vexed by the Time to Go Massimo brigade.

I've therefore developed an alternative slogan which I'd like Wex to sort out and pay for the printing

Time To Continue, you had a Good Window!

1.) 07 Sep 2016
07 Sep 2016 19:21:01
They weren't saying that when he arrived and paid the wages that GFH hadn't stumped up! And that was a goodwill gesture- he hadn't even signed the paperwork!

2.) 07 Sep 2016
07 Sep 2016 19:50:04
Good point PP.

3.) 07 Sep 2016
07 Sep 2016 21:07:44
How about another alternative slogan 'Go F. ing Home GFH'

4.) 07 Sep 2016
07 Sep 2016 21:47:56
agree always had dad's sorry mc's back even in the dark days I have defended the crazy wop with all my mite.

5.) 07 Sep 2016
07 Sep 2016 22:03:35
More like it 😂 But unless they can get a considerable profit on their investment they unfortunately will continue to milk us dry😡
Wonder how different MC would be if he didn't have them in the shadows? Would be interesting to see and if he didn't really go for it then I might start asking him to vacate🤔.

6.) 08 Sep 2016
08 Sep 2016 10:04:51
GFH are going nowhere, we are a constant stream if income to them and Cellino has agreed a deal to pay them back the money they loaned the club. If someone has £17 million plus the amount they want for their shares then please step forward. If not we are stuck with them for years to come.

7.) 08 Sep 2016
08 Sep 2016 12:30:22
I'm sure there is a way round this situation as it must happen in business all the time.

I guess MC can just dilute the value of the share holding they have by bring in "investors" who may agree something with him were they do inject cash for shares but not at real market value.

I'm no expert on this but are ways you can dilute a share holding. If GFH have say 20% (say 20 shares for ease) of 100 shares then it is worth 20% of Leeds, if you then issue more shares, say another 100 shares (bought by other people as an investment) then they have 20 shares of 200, ie 10% of Leeds and therefore not as valuable.

Yes will be rules etc but companies often issue extra shares to raise cash so i'm sure it can be done no matter what deal GFH may have put in place beforehand. would cost to do this of course but not as much as buying them out you feel.

8.) 08 Sep 2016
08 Sep 2016 12:56:23
I'm not sure if you can simply dilute shares without the original owner of those shares agreeing. Otherwise all businesses would use it as a loop hole to get rid of minority share holders. Cellino can force GFH to sell if he wants to sell the club as a majority share holder. It's called a drag along clause I believe, but not sure if he can force them to dilute shares.

MM.

9.) 08 Sep 2016
08 Sep 2016 14:24:33
DG

GFH will no doubt have negotiated via shareholders agreement a anti-dilution clause to some extent. Should Cellino breach that he can be taken to court and stopped. Fact of the matter is hardly any of us know these details except for Survivor of course.

10.) 08 Sep 2016
08 Sep 2016 15:15:10
Jeff wrote the contract George and you know it - you cheeky young pup!

MM.

11.) 08 Sep 2016
08 Sep 2016 15:27:33
There will be a clause in the company's constitution usually which will prohibit this happening, unless the new shares are offered to existing shareholders first. So it is possible that they could issue new shares, offer to all existing shareholders, and then if GFH can't afford them, and a new shareholder buys them, they can dilute GFH's shareholding.

12.) 08 Sep 2016
08 Sep 2016 18:29:21
Rumour has it there will be a Santa clause around December time - hope it brings in a nice present for us all🎅🏼.