Investment may be days away

[Red Chilli]

Why would Steve Morgan be at a board meeting or any meeting regarding the clubs future for that matter? He's not even on the board.

Two different people are now saying there was a meeting Friday night, (not a board meeting) also that Morgan flew back early from where he was to attend that meeting.

Maybe Morgan is to be involved in the takeover

[DeeGame]

Maybe I'm wrong on this but the last time we reached a significant stage over investment letters were circulated to the shareholders advising them that this was the case and the club issued a Code 2.10 announcement (which details our shareholding and nominal share price)

The Code 2.10 happens when a buyer puts the company under an offer period (ie advises them that they intend to make a bid for major proportion of the shareholding) they are given a certain amount of time to finalise the bid then

So assuming the above is correct, no letters and no Code 2.10 announcement mean no potential bid

As the club is an unlisted stock the rules are different. It is quite in order for the shareholders to be informed AFTER it is all agreed. the shareholders then have to vote with their shares whether or not to accept. Given that Moores has 51% - irrelevant.

[Insider]

I love the way that the NOTW has our debt now at £100m, a big rise on the (also wrong) £80m that's usually bandied about. Fits in nicely alongside the made up quotes as someone pointed out above.

As for that site, they've had someone called "SCKair" helping out Zico on the investment stories. After claiming all week to be well in with the right people in Dubai, he now says, "Agreed, my best guess is, that there is clearly something going on. I hope it's the Dubai investors but even if it's not I'm certain that Moores will have gone with the best deal possible for the club and the board. I'm going to wait 'til the Sunday papers turn up, if there is going to be any news it's early enough for them to cover it!". He joined in September and has now posted 44 times.

[The Glove]

Godolphin has some crackin horseys so I hope they buy us.

[Rosco]

No one really knows what they will do.

If Dubai holdings have bought the club then they could spend the same amount of money as Chelsea or even more if they want to do it.

The Sheikh is richer than Roman.

Look at the title of the group. It's an investment company. They don't exist to throw money away, their ONLY reason for existing is to turn a profit on every investement they are involved in.

They are not going to throw their money around willy nilly for two reasons, one because they'll use the club as a vehicle for generating more revenue so it will fund itself and give them a healthy return on investment. The stadium being the first and most obvious avenue of helping that happen. The second thing that will inhibit them is the structure of LFC itself, if they owned 100% of the club they could throw money around as they please, but since they will only own 51% of the club, any money they wish to put into the club will have to be done in the form of buying unissued shares. This will result in the dilution of other shareholders ownership of the club, something which none of them will be pleased about.

We have to get away from this notion that anyone taking over the club is going to pour money in to an unlimited transfer kitty, it's not going to happen. We may get an initial big signing to help smooth the transition for new majority shareholders but after that they'll only spend what the club as a business can afford to spend. Unless our revenues are raised significantly that will remain at roughly the same level as it is now.

[The Glove]

Whoever takes us over is only gonna do it for a profit so we need to think about who would be best for us, ideally someone with a sporting background. The Arabs have that with Godolphin and the yank chap has it with his basketball or Ice hockey or whatever. I think they are both much of a muchness so Im gonna plump for the Arabs.

[Mumsafan]

Yes I'd prefer the Arabs - dunno why really. Just a feeling.

[Lecter]

We are not on the stock market.

Doesnt matter

We are a PLC many of the rules and regultions that govern LSE listed companies apply to ourselves

Why did we issue a Rule 2.10 annoucement back on the 5th of December 2004 if we didnt have to?

[kopdan]

Doesnt matter

We are a PLC many of the rules and regultions that govern LSE listed companies apply to ourselves

Why did we issue a Rule 2.10 annoucement back on the 5th of December 2004 if we didnt have to?

That Moores... ever the joker

have to say that the BBC have been very vocal about this takeover. Twice mentioned on Match of the Day. Was mentioned on the website and on the radio too. Seems a deal is not far off at all.

L4 all the way.

[Lecter]

We are not on the stock market.

Not before a deal is done. If you are on the stock market then you must tell the rest of the shareholders and stock market that someone is interested.

Moores doesn't need to tell anyone before a deal is agreed.

Thats incorrect sorry

Why if this was the case did letters go out to the shareholders and we issue a Code 2.10 announcement back in 2004 - there wasnt a deal agreed then

[Lecter]

As the club is an unlisted stock the rules are different. It is quite in order for the shareholders to be informed AFTER it is all agreed. the shareholders then have to vote with their shares whether or not to accept. Given that Moores has 51% - irrelevant.

Then why go through the rigamarole of informing shareholders of advanced talks and issue a Code 2.10 back in 2004 if it wasnt necessary?

Moores selling his stake gives anybody purchasing them controlling interest

When someone purchases a 30% stakeholding they are oblidged to bid for the remaining shares (at the same level they bought the 30% or higher) its then upto the individual shareholder to do what they want (there wont be any ballot of the shareholders)

When the buyer reaches 90% he can compulsory purchase the remaining shares

Despite the fact we arent listed we are still bound by the rules and regulations of a PLC and many of the rules of the Takeover and Mergers commission

[Lecter]

That Moores... ever the joker

have to say that the BBC have been very vocal about this takeover. Twice mentioned on Match of the Day. Was mentioned on the website and on the radio too. Seems a deal is not far off at all.

L4 all the way.

LOL

Theres lots of talk but until we issue a Code 2.10 announcement I'm filing it alongside the other 50,000 articles that have been written about investment over the last few years

Anyway how are you?

[Kopite_Colin]

Still getting over his court injunction to stop him stalking Giles Barnes......

[kopdan]

LOL

Theres lots of talk but until we issue a Code 2.10 announcement I'm filing it alongside the other 50,000 articles that have been written about investment over the last few years

Anyway how are you?

I'll drop you an email.

[AFII]

Thats incorrect sorry

Why if this was the case did letters go out to the shareholders and we issue a Code 2.10 announcement back in 2004 - there wasnt a deal agreed then

They looked at our books and that is why a 2.10 was announced back then.
Moores could have agreed a deal with someone and then they could look at our books. Morgan did that and then took back his offer after he looked at our books. If a deal is agreed and they now is looking at our books then a 2.10 announcement should be seen on the takeover panel on Monday morning.

I don't know if a 2.10 was announced when Morgan almost bought Moores shares.