Shareholders letter

[The Lone Gunman]

I wonder why the club might need money, does anyone know if we have any legal cases in the next few weeks?

I might be wrong, but I think a former director is suing the club and/or its owner as a result of a previous dilution of his shareholding.

[tforturton]

I might be wrong, but I think a former director is suing the club and/or its owner as a result of a previous dilution of his shareholding.

Yes, this is the basis of the Michael Isaac case. The issue of new shares has devalued his own holding. The problem here (as far as his case in concerned) is that any issue of shares must be voted through by the Board. So it's all legit - I can't see that he has a leg to stand on. Unless there's more to it than meets the eye....