' DEBT TO EQUITY - some recent news '

Shamelessly stolen from Since 62's post on ccmb.

£2m of debt converted to equity on 1/4/13

No idea who's debt, not a big sum in the grand scheme of things, but still good news hopefully the start of things to come.

A drop in the ocean really - under 2% of our estimated debt!

Better than nothing I suppose, but far less than Tan promised 12 months ago

TG's?

My guess is it's clearing the last of the PMG debt off - could be wrong.

A drop in the ocean really - under 2% of our estimated debt!

Better than nothing I suppose, but far less than Tan promised 12 months ago

Don't think this one is anything to do with Tan's promise.

TG or PMG - all moving in the right direction.

TG or PMG - all moving in the right direction.

The big ones are VT's debt and Sams.

Nice that smaller debts have been sorted, but if they get exchanged for equity then we can all relax a bit.

TG's?

I thought TG was paid his investment back and not given shares.

Whoever changed the headline for the title perhaps 'some small good news' would be better.

The headline you've put up could get people over-excited.

Whoever changed the headline for the title perhaps 'some small good news' would be better.

The headline you've put up could get people over-excited.

Whoever changed the headline for the title perhaps 'some small good news' would be better.

The headline you've put up could get people over-excited.

My theory on the debt to equity is that Tan mentioned it being linked to Langstone getting paid off to perhaps put a bit of pressure on Hammam to settle (if you love the club- you'll go kind of thing)
But Hammam turned it around and made it sound like - oh until Langstone are paid off there will be no debt to equity deal to get people on HIS side instead. I think the truth is that the Langstone debt has nothing to do with the debt to equity swop. it will happen if and when Tan wants it to and the £10m/£12/£15 that the Club eventually pay hammam dont really have any bearing on it

Whoever changed the headline for the title perhaps 'some small good news' would be better.

The headline you've put up could get people over-excited.

Tim, All I can tell you for now, no deal has been signed yet with Tan and Langston.

Does anyone think Langston will be payed off before the start of the new season?

I posted about this before. Anyone willing to pay £2 will know exactly.

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I posted about this before. Anyone willing to pay £2 will know exactly.

But that's the RETURN of allotted shares and probably TG's. I just assumed Since 62 was talking about the ISSUING of shares in replace of a debt.

Is it just a case that TG got his investment back and someone took them on instead of part of their debt?

My guess is PMG, someone mentioned the other day to me he was said up and move to dubai.

Maybe not bug news but no doubt all part of a plan.

Some one based in the Cayman Islands???

Some one based in the Cayman Islands???

Ray Ranson, the guy we owed money when selling players?

I posted about this before. Anyone willing to pay £2 will know exactly.

That`s the document I am referring to in my post that Tim has put on here. I didn`t post until I had read the actual document.

Keith

I posted about this before. Anyone willing to pay £2 will know exactly.

But that's the RETURN of allotted shares and probably TG's. I just assumed Since 62 was talking about the ISSUING of shares in replace of a debt.

Is it just a case that TG got his investment back and someone took them on instead of part of their debt?

In this case "return" means the filing of an official document , not the handing back of shares , so the return does relate to the issue of shares.

I posted about this before. Anyone willing to pay £2 will know exactly.

But that's the RETURN of allotted shares and probably TG's. I just assumed Since 62 was talking about the ISSUING of shares in replace of a debt.

Is it just a case that TG got his investment back and someone took them on instead of part of their debt?

In this case "return" means the filing of an official document , not the handing back of shares , so the return does relate to the issue of shares.

Of course it does, what a complete div I am.

Did TG get paid back his investment or did he just turn it to equity?

Just a guess but VT would be owed a wad by now from the 7% interest charge on his loans. Without having more information it is hard to do the maths correctly but £2m would sound about right on the last known amount owed to VT (around £40m).

So may be he has converted his interest earnings into shares which would basically mean we have had an interest free loan.

Just a guess but VT would be owed a wad by now from the 7% interest charge on his loans. Without having more information it is hard to do the maths correctly but £2m would sound about right on the last known amount owed to VT (around £40m).

So may be he has converted his interest earnings into shares which would basically mean we have had an interest free loan.

you cant say that

Just a guess but VT would be owed a wad by now from the 7% interest charge on his loans. Without having more information it is hard to do the maths correctly but £2m would sound about right on the last known amount owed to VT (around £40m).

So may be he has converted his interest earnings into shares which would basically mean we have had an interest free loan.

Tony

The accrued interest due on the loans from VT amounts to far more than £2m. He was owed just under £15m as far back as May 2011 which included about £0.5m of interest. In the 2 years since then , interest on that £15m alone has been a further £2.1m. Plus , by May 2012 , a further £23m had been loaned so that`s about another £800k in interest to May 2012 and yet more of £1.6m since.

So , even without interest on more loans introduced between May last year and now (might well be another £20m with £700k or so of interest) , the total interest accrued would come to over £5m.


The interest charge in the 2012 accounts was £3m , of which £1m relates to Langston.
Keith