Shareholders letter

[The Lone Gunman]

Re: Shareholders letter

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.

[blue matt]

Re: Shareholders letter

Yikes this means the club are trying to raise money, essentially this means current shareholders have been ****ed over badly short term. Long term if that £45m was spent on players to help with a premiership push then maybe the current shareholders can still make a profit.

But if I held shares in Cardiff right now I'd be PISSED.

edit: I didn't even know you could buy shares in Cardiff.

from this message boards point of view, Not sure a lot of the original fan share buy lot ( No-Goals-Nogan ) will have a lot of shares left by now, they have been diluted a few times ( from memory )

[tforturton]

Re: Shareholders letter

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....

[tforturton]

Re: Shareholders letter

This looks like the club trying to raise cash via outside investment. But it could also mean that Tan is going to swap debt for shares.

[stan butler]

Re: Shareholders letter

This looks like the club trying to raise cash via outside investment. But it could also mean that Tan is going to swap debt for shares.

I'm thinking the asia based group that wanted to buy the club are now interested in buying shares in the club?

[Gofer Blue]

Re: Shareholders letter

I got a letter as well.

Total gobbledygook to me.

Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.

Same here!

I bought my shares many years ago but never expected to make any money out of it (and I haven't been surprised in that regard). At the time I equated it with giving money to a charity.

[stan butler]

Re: Shareholders letter

Same here!

I bought my shares many years ago but never expected to make any money out of it (and I haven't been surprised in that regard). At the time I equated it with giving money to a charity.

Same here

[Madlock]

Re: Shareholders letter

Steve Borley has replied on Twitter to say it’s debt to equity related to FFP:

https://twitter.com/stevecmb/status/1488865904070909954?s=21

[Ninian1962]

Re: Shareholders letter

Steve Borley has replied on Twitter to say it’s debt to equity related to FFP:
https://twitter.com/stevecmb/status/...070909954?s=21

#Steve`s response is really strange because converting debt to equity has no impact on Profitability and Sustainability (FFP) compliance. It is a balance sheet adjustment which improves that balance sheet but has no effect on the profit and loss account which is what FFP is all about.

Despite the above misunderstanding , a debt to equity conversion should be very much welcomed as it is a return to the steps promised by VT to convert all his debt to equity which has been delayed by the impact of Covid over the last coupke of years.

[Madlock]

Re: Shareholders letter

So, good news in essence, but some clarification required?

[Former Labour leader]

Re: Shareholders letter

#Steve`s response is really strange because converting debt to equity has no impact on Profitability and Sustainability (FFP) compliance. It is a balance sheet adjustment which improves that balance sheet but has no effect on the profit and loss account which is what FFP is all about.

Despite the above misunderstanding , a debt to equity conversion should be very much welcomed as it is a return to the steps promised by VT to convert all his debt to equity which has been delayed by the impact of Covid over the last coupke of years.

Yes, when Steve replied I thought it a bit strange, as it appeared to me that VT was taking on £45m of debt, which is clearly good news for the club.

[TWGL1]

Re: Shareholders letter

Yes, when Steve replied I thought it a bit strange, as it appeared to me that VT was taking on £45m of debt, which is clearly good news for the club.

How exactly does this work , debt to equity in respect of Cardiff City ?

The current debt is £93m , so if VT converts £45m does Cardiff City’s debt reduce by £45m ?

Also is he really converting £45m?

[The Lone Gunman]

Re: Shareholders letter

The current debt is £93m , so if VT converts £45m does Cardiff City’s debt reduce by £45m ?

No flies on you.....

[TWGL1]

Re: Shareholders letter

No flies on you.....

I deserved that … good news all the same ….

[stan butler]

Re: Shareholders letter

No flies on you.....