How the hell do you know that?

All that was mentioned was that a change of control would trigger a repayment clause. Technically right of course. No mention anywhere though of whether any discussions had been had with the banks to see if they would waive it.

I agree though the main sticking point does not appear to have been the loans.

Posted By: Jim on November 13th 2008 at 11:50:50

Message Thread

Well Delia.... (NCFC) - Superstar D J, Nov 13, 10:04:21
- she wants to sell her shares and get some money back, not issues more shares (NCFC) - Tony Martin, Nov 13, 11:26:54
  - Seems like she wants all of her money back (NCFC) - Ben, Nov 13, 13:18:57
  - Share and share alike (n/m) (NCFC) - malkybarkid, Nov 13, 11:31:12
    - She sells steve's shares on the sea shore (n/m) (NCFC) - Ken Dodds Dads Dog, Nov 13, 11:32:17
- 20 Million for a seat on the board is not unreasonable, it only cost the Turners 2 million (NCFC) - John in Texas, Nov 13, 11:19:03
  - my (slightly simplistic) understanding of this situation is: (NCFC) - Dave in France, Nov 13, 11:29:41
  - The Turners took no equity so were perfectly acceptable (n/m) (NCFC) - BerlinCanary, Nov 13, 11:21:55
- This is nothing new..... (NCFC) - SimonOTBC, Nov 13, 10:40:17
  - Which is my point. (n/m) (NCFC) - Superstar D J, Nov 13, 10:56:23
  - All we knew then was that there was 20m on the table for players (NCFC) - BerlinCanary, Nov 13, 10:49:59
    - At the time Cullum said... (NCFC) - SimonOTBC, Nov 13, 11:08:56
      - He would have "control" if he had ?20m worth of shares (n/m) (NCFC) - Jim, Nov 13, 11:15:14
        
        Yep (n/m) (NCFC) - SimonOTBC, Nov 13, 11:20:13
    - And if it was to give him control, the ?16m loan becomes immediately repayable. (NCFC) - Arizona Bay, Nov 13, 10:54:40
      - soon, a 4m injection for players will be an attractive prospect (NCFC) - Dave in France, Nov 13, 11:22:01
      - Erm (NCFC) - Jim, Nov 13, 11:14:27
        
        "he's worth ?1.7 billion quid" (NCFC) - blindasabat, Nov 13, 11:21:41
        
        Because Marcus Evans bought their debt for a fraction of the price (NCFC) - Jim, Nov 13, 11:42:34
        
        that's not a reason at all - all that means is that he wouldn't be able to make such a (NCFC) - blindasabat, Nov 13, 11:49:12
        
        And I think that's basically how D&M see it (NCFC) - BerlinCanary, Nov 13, 11:26:31
        
        cue, "cos he's a business man and he didn't make his money (NCFC) - Smickers, Nov 13, 11:23:57
        
        he could charge interest on it (like Evans does...) (n/m) (NCFC) - blindasabat, Nov 13, 11:28:21
        
        I know. Frustrating, isn't it? (NCFC) - Arizona Bay, Nov 13, 11:20:52
        
        I'm not saying its as simple as that but by the same token (NCFC) - Jim, Nov 13, 11:39:08
        
        which is exactly what happened (NCFC) - Dave in France, Nov 13, 11:44:02
        
        How the hell do you know that? (NCFC) - Jim, Nov 13, 11:50:50
        
        Yes. So have a word with your mates at Archant then, get them to ask the awkward question (NCFC) - Arizona Bay, Nov 13, 11:41:28
        
        What mates at Archant? (n/m) (NCFC) - Jim, Nov 13, 11:43:03
        
        Is it not you that is mates with the Man in the Stands? (NCFC) - Arizona Bay, Nov 13, 11:50:42
        
        it's his other half (NCFC) - blindasabat, Nov 13, 11:58:44
        
        DoY? (n/m) (NCFC) - malkybarkid, Nov 13, 11:52:25
        
        Idiot. (n/m) (NCFC) - Arizona Bay, Nov 13, 11:53:37
        
        Not me no. I do admire his work though! (n/m) (NCFC) - Jim, Nov 13, 11:52:19
        
        DoY? (n/m) (NCFC) - Dave in France, Nov 13, 11:51:22
        
        Idiot. (n/m) (NCFC) - Arizona Bay, Nov 13, 11:53:44
        
        Graham and Rachel (n/m) (NCFC) - malkybarkid, Nov 13, 11:45:13
        
        Exactly right (NCFC) - BerlinCanary, Nov 13, 11:29:57
        
        If he comes in when we go to shit (NCFC) - Smickers, Nov 13, 11:25:39
      - Fair point (NCFC) - BerlinCanary, Nov 13, 11:04:11
      - Wouldn't it be nice if the journalists asked these questions? (n/m) (NCFC) - Holden Caulfield, Nov 13, 11:02:49
        
        It would, wouldn't it? Perhaps there's no will to do so. (NCFC) - Arizona Bay, Nov 13, 11:05:47
        
        Drury looking for extended run (NCFC) - camcan, Nov 13, 11:10:29
    - Seems fairly obvious they didn't want their (NCFC) - Holden Caulfield, Nov 13, 10:52:57
      - Looking after the value of thier shares isn't purely a selfish thing though. (NCFC) - Arizona Bay, Nov 13, 10:57:37
        
        the value of the shares at ?30 a share is ?16m (NCFC) - blindasabat, Nov 13, 11:02:08
        
        Maybe that's why he was offering 5m+15m? (NCFC) - BerlinCanary, Nov 13, 11:08:51
        
        You said the 'o' word (NCFC) - camcan, Nov 13, 11:11:42
        
        I know I did and I'm very sorry (NCFC) - BerlinCanary, Nov 13, 11:15:24
        
        Sets their value at ?13 each. (n/m) (NCFC) - Johnny Comecardiff, Nov 13, 11:06:08
        
        If Cullum bought the new shares for ?30... (NCFC) - SimonOTBC, Nov 13, 11:15:11
        
        The fundamentals of the business are the same. (NCFC) - Johnny Comecardiff, Nov 13, 18:28:09
        
        Is that right? (NCFC) - SimonOTBC, Jan 9, 14:04:26
        
        not necessarily (NCFC) - mr carra, Nov 13, 11:09:18
        
        This is exaggerated greatly in the case of a non-listed company (n/m) (NCFC) - SimonOTBC, Nov 13, 11:10:38
        
        you won't get any marks unless you show your workings... (NCFC) - blindasabat, Nov 13, 11:07:57
        
        I'm sure that where there's a will there's a way (NCFC) - Holden Caulfield, Nov 13, 11:01:52
        
        being a bit dense here (NCFC) - camcan, Nov 13, 11:00:23
        
        from the Official ?56m statement it says change of control (NCFC) - blindasabat, Nov 13, 11:03:15
        
        thanks (NCFC) - camcan, Nov 13, 11:08:53
        
        Indeed (NCFC) - BerlinCanary, Nov 13, 11:12:20
        
        Agreed... (NCFC) - SimonOTBC, Nov 13, 11:16:49
        
        and then more speculation (NCFC) - blindasabat, Nov 13, 11:15:26
        
        tbh they must have been relieved about all the Huckerby questions (NCFC) - camcan, Nov 13, 11:15:15
        
        Yes, exactly what I was thinking yesterday (NCFC) - BerlinCanary, Nov 13, 11:35:16
  - Totally agree. (NCFC) - Ken Dodds Dads Dog, Nov 13, 10:43:35
- both sides need to be willing to negotiate... (n/m) (NCFC) - blindasabat, Nov 13, 10:09:17
- *unable* (n/m) (NCFC) - Superstar D J, Nov 13, 10:04:47

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