A quick question to do with shares

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screaminscull
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Joined: Sat Jul 11, 2009 9:28 am
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A quick question to do with shares

Post by screaminscull » Mon Feb 20, 2012 12:00 am

So we raise the first 250k what is to stop our former chairman saying he wants all his money back? . Have we any assurances that this scenario willl not hit us.

Quakerz
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Re: A quick question to do with shares

Post by Quakerz » Mon Feb 20, 2012 12:07 am

We have assurances, but I'll be nervous until he signs a document to that effect.

I suppose if we raised the 250k and he went back on his word, we'd be liquidated and everybody would be offered their money back.

We wouldn't begin the process of exiting administration until we legally had Raj's backing, so no money would be thrown away.
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“Everybody knows where that club is going now, so I’m out of the way. They can carry on, it’s their club, they can keep it." - Raj Singh, 2017

screaminscull
Posts: 211
Joined: Sat Jul 11, 2009 9:28 am
Team Supported: Darlington

Re: A quick question to do with shares

Post by screaminscull » Mon Feb 20, 2012 12:20 am

Cheers Quakerz just something that was bugging me.

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