When it says diluted

It just means they keep what they have, but the new (voting shares) swamp that to give the new guys majority control.

Their remaining 10% share is now (effectively) worth nothing/very very little.

Posted By: Cardiff Canary on August 12th 2024 at 14:18:31

Message Thread

Attanasio takes control (n/m) (NCFC) - Bertie Russell, Aug 12, 14:02:10
- Careful what you wish for... (NCFC) - Worthing Yellow, Aug 12, 14:25:39
  - Yes, but we have to gamble (n/m) (NCFC) - DH Yellow, Aug 12, 14:50:08
  - Converting debt to shares with D&M accepting a dilution (NCFC) - jamesward, Aug 12, 14:33:43
    - Puts Delia & MWJ into a very exclusive club (NCFC) - Henclrikus, Aug 12, 14:45:39
      - It is remarkable (NCFC) - Cardiff Canary, Aug 12, 14:51:06
      - Yes, they've effectively given away £59M (NCFC) - Worthing Yellow, Aug 12, 14:50:56
  - Indeedly (NCFC) - Cardiff Canary, Aug 12, 14:30:06
  - Damned if we do, damned if we don't, I suspect (n/m) (NCFC) - Yellalee, Aug 12, 14:26:53
    - Indeed, got to take a punt...just hope it works out (n/m) (NCFC) - Worthing Yellow, Aug 12, 14:29:43
- The cue for Jim, loz etc to head for their local bookies and put their mortgages on Nodge (NCFC) - NxNW, Aug 12, 14:23:07
- i wonder what bought that forward (NCFC) - ghostof barry butler, Aug 12, 14:19:59
  - maybe they just realised that we can't wait for change. (NCFC) - camcan, Aug 12, 14:22:00
    - that was what i was alluding too ...but didn't want to mention (NCFC) - ghostof barry butler, Aug 12, 14:29:17
    - That was my first fear. (n/m) (NCFC) - Yellalee, Aug 12, 14:25:13
      - yep - my instant reaction too (NCFC) - camcan, Aug 12, 14:31:43
      - Wouldn't be a huge shock if dear old Michael wasn't well would it? (NCFC) - lurd, Aug 12, 14:27:20
        
        Think of all those failed recipes he's had to taste (n/m) (NCFC) - Henclrikus, Aug 12, 14:38:31
- Anyone understand what happens to Delia and Michael's shares? (NCFC) - 51eve, Aug 12, 14:15:51
  - Newcastle are paying half (n/m) (NCFC) - inutero, Aug 12, 14:20:02
  - I presumed it was just a dilution (NCFC) - camcan, Aug 12, 14:19:59
  - When it says diluted (NCFC) - Cardiff Canary, Aug 12, 14:18:31
    - Missed that part in the statement, thanks (NCFC) - 51eve, Aug 12, 14:20:27
      - A 10% stake in a majority owned private company (NCFC) - Cardiff Canary, Aug 12, 14:24:09
        
        And will likely be entirely forgotten in the ensuing maelstrom. I hope I'm wrong. (n/m) (NCFC) - Yellalee, Aug 12, 14:26:07
        
        I know we've all had frustrations with them (NCFC) - camcan, Aug 12, 14:31:06
        
        Well said (NCFC) - norwaay, Aug 12, 15:28:21
        
        Completely (n/m) (NCFC) - Yellalee, Aug 12, 15:26:53
        
        Vmt (NCFC) - Cardiff Canary, Aug 12, 14:47:42
        
        Absolutely this (n/m) (NCFC) - APB, Aug 12, 14:34:41
        
        Shareholders won’t be offered ££ to sell shares though … (NCFC) - loz, Aug 12, 14:30:58
        
        Probably (NCFC) - Cardiff Canary, Aug 12, 14:43:27
- Are we now debt free?: (NCFC) - Thegelman, Aug 12, 14:13:40
- Debt free now? (NCFC) - SCC 28, Aug 12, 14:13:38
  - How the fuck did we rack up so much debt on so much shite in the first place? Awful. (n/m) (NCFC) - JD3, Aug 12, 14:20:36
- Shocked. (NCFC) - Cardiff Canary, Aug 12, 14:11:05
- Fair play to Delia and WJ, thanks for everything and doing this. We need to move on (n/m) (NCFC) - DH Yellow, Aug 12, 14:10:29
  - Yep life presidents a nice title for them to (n/m) (NCFC) - loz, Aug 12, 14:10:50
- Blimey MASSIVE news that (NCFC) - SCC 28, Aug 12, 14:03:11
  - Did not expect that at all. (NCFC) - camcan, Aug 12, 14:07:50
    - New board member (NCFC) - loz, Aug 12, 14:09:00
      - Could be Attanasio's brother! Looks very similar. (n/m) (NCFC) - JD3, Aug 12, 14:27:16
  - Hooge news bolt from the blue (n/m) (NCFC) - loz, Aug 12, 14:05:36
    - Will they still have a %? (n/m) (NCFC) - SCC 28, Aug 12, 14:09:05
      - All the info is here (NCFC) - Henclrikus, Aug 12, 14:25:18
      - 10% (n/m) (NCFC) - thirsty work, Aug 12, 14:09:45
        
        Cheers and the nephew still involved? (n/m) (NCFC) - SCC 28, Aug 12, 14:11:39
        
        Tom's inheritance up in flames (n/m) (NCFC) - jamesward, Aug 12, 14:44:15
        
        And Mrs W (NCFC) - camcan, Aug 12, 14:17:38
        
        Yep, staying on the board (n/m) (NCFC) - thirsty work, Aug 12, 14:14:33
        
        Yep. (n/m) (NCFC) - lurd, Aug 12, 14:14:12

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