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Dick Knight Share Dispute - Unnamed Director offer £0.01 per share



Beach Hut

Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,005
Living In a Box
Creaky said:
So the money paid week in week out by fans for tickets, merchandise, food etc has made no contribution? - don't be silly!

The shares being offered are of purely nominal value, by all means value them at 1p each if that is what you believe they are worth, but don't stop fans from holding them which is simply what the existing shareholder who is trying to block their sale is doing.
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We were leaking money at Withdean hence the alive & kicking and forty note funds. Everyone owes a massive debt of gratitude to one person only every home game from 3 years ago who thankfully is a fan of the club. That said fan also has the right to what he decides he wants to do as money talks.
 




symyjym

symyjym

Banned
Nov 2, 2009
13,138
Brighton / Hove actually
Beach Hut said:
We were leaking money at Withdean hence the alive & kicking and forty note funds. Everyone owes a massive debt of gratitude to one person only every home game from 3 years ago who thankfully is a fan of the club. That said fan also has the right to what he decides he wants to do as money talks.
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Money can do many things but it cannot buy you love.
 






Creaky

Creaky

Well-known member
Mar 26, 2013
3,843
Hookwood - Nr Horley
Beach Hut said:
We were leaking money at Withdean hence the alive & kicking and forty note funds. Everyone owes a massive debt of gratitude to one person only every home game from 3 years ago who thankfully is a fan of the club. That said fan also has the right to what he decides he wants to do as money talks.
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Yes 'money talks' - there is however one hell of a difference between the right to do what you want because you have the money and whether or not what you want is right.

The proposed sale of shares to fans by DK is neither here nor there as far as TB's wealth or standing is concerned so what's topping him from coming out and supporting their sale? ???
 




El Presidente

El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,717
Pattknull med Haksprut
Creaky said:
So the money paid week in week out by fans for tickets, merchandise, food etc has made no contribution? - don't be silly!

The shares being offered are of purely nominal value, by all means value them at 1p each if that is what you believe they are worth, but don't stop fans from holding them which is simply what the existing shareholder who is trying to block their sale is doing.
Click to expand...

If it was 290 shares being sold to 290 fans for £1 each this issue wouldn't exist.
 


El Presidente

El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,717
Pattknull med Haksprut
Creaky said:
The proposed sale of shares to fans by DK is neither here nor there as far as TB's wealth or standing is concerned so what's topping him from coming out and supporting their sale? ???
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Because the dispute has nothing to do with TB.
 










Beach Hut

Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,005
Living In a Box
Creaky said:
Yes 'money talks' - there is however one hell of a difference between the right to do what you want because you have the money and whether or not what you want is right.

The proposed sale of shares to fans by DK is neither here nor there as far as TB's wealth or standing is concerned so what's topping him from coming out and supporting their sale? ???
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Quite probably because he is happy with the number of share holders we have as he has the majority and also perhaps he does not want to see what vast sums he pumps into this club.
 




B

BensGrandad

New member
Jul 13, 2003
72,015
Haywards Heath
What a kerfuffle about a PR man using a ploy to sell his book, which probably wouldnt have sold many copies otherwise. The big issue surely is if DK sold 290 shares to 290 different people they, as shareholders, could attend the company AGM and cause trouble if they so desired.
 


Thunder Bolt

Thunder Bolt

Silly old bat
Aug 18, 2009
65,682
Beside the seaside, beside the sea
BensGrandad said:
What a kerfuffle about a PR man using a ploy to sell his book, which probably wouldnt have sold many copies otherwise. The big issue surely is if DK sold 290 shares to 290 different people they, as shareholders, could attend the company AGM and cause trouble if they so desired.
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Nonsense. I bought the book because I wanted to read it, not because I was interested in any shares, and I know plenty of others who did the same. The book sold in thousands but just 270 showed an interest and quite a few of those wanted them as presents for others. A very very small minority couldn't cause trouble at an AGM with such a small number of shares.
 


Tom Hark Preston Park

Tom Hark Preston Park

Will Post For Cash
Jul 6, 2003
70,425
Creaky said:
Never claimed it has - a lot of things have nothing to do with TB but that doesn't mean he can't express an opinion!
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Would have thought that if 'Unnamed Director offer £0.01 per share' then he'd have to at least run it past TB and the board first, or risk becoming an Unnamed Ex-Director.
 




Goldstone1976

Goldstone1976

We Got Calde in!!
Helpful Moderator
NSC Patron
Apr 30, 2013
13,810
Herts
Creaky said:
So what is the realistic difference between 290 shares being sold and 100,000? - Unless of course you begrudge DK receiving a little 'windfall'. There is no practical difference that I can see.
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[MENTION=31]El Presidente[/MENTION] has already posited a credible reason - in post #174 - where he says,

".....Perhaps it's not the 'club' blocking the sale, but another existing minority shareholder who is unhappy at DK getting £1 a share?

The other investor, who stuck his hand in his pocket during the days before Tony Bloom when it was a knife edge whether the club would survive, is not being offered £1 a share, and feels resentful, therefore has invoked the Articles of Association."

The implication of El P saying "If it was 290 shares being sold to 290 fans for £1 each this issue wouldn't exist." is that the other shareholder wouldn't have an issue if it were a purely nominal number of shares being traded at an inflated price (by normal valuation models). The fact that it is 100k shares is what the issue is - is what El P is implying.

All of which is an entirely credible proposition and all of which is absolutely nothing to do with TB, if that is what is happening.
 


B

BensGrandad

New member
Jul 13, 2003
72,015
Haywards Heath
They could easily provide nuisance value by continually asking questions.

Even you must be able to see this was a deliberate move by DK to be a nuisance because TB who allowed him to be chairman as long as it suited him, then moved him when it mattered.
 


Thunder Bolt

Thunder Bolt

Silly old bat
Aug 18, 2009
65,682
Beside the seaside, beside the sea
BensGrandad said:
They could easily provide nuisance value by continually asking questions.

Even you must be able to see this was a deliberate move by DK to be a nuisance because TB who allowed him to be chairman as long as it suited him, then moved him when it mattered.
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Even me? DK said he always intended fans to have some shares before Tony Bloom was ever capable of becoming the chairman. Maybe you should read the book?
 


Pondicherry

Pondicherry

Well-known member
May 25, 2007
1,035
Horsham
Beach Hut said:
That said fan also has the right to what he decides he wants to do as money talks.
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Good job DK didn't take that attitude iro Bill Archer.

There is clearly some petty vendetta going on here against DK. As others have said, TB should make it clear where he stands on this matter
 








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