Farhad Moshiri

[MartyMcFly]

Sorry I have got no idea what you're suggesting.
Fact Earl sold 100% of his sharrs, Kenwright, Woods and Abercrombie sold about 53% of their holdings to Blue Heaven Holdings Ltd. Check it out if you want to buy a shareholder list.

Fact. Options are in place to buy more shares from BK, JW and AA. Check it out at IOM Companies Registry.

Fact. No new shares have been issued at EFC and no documentation to reduce share capital have been registered at Companies House as would be the norm.

If you're talking about an issue post takeover, that is totally differrent.

What has this got to do with anything? Earl came in for the last failed bid. He essentially has been replaced by Moshiri but because it will be so expensive to build the new stadium it has meant the remaining existing shareholders shares have been diluted. Whether they sold them back to the club first and then the club sold them to Moshiri, the club releasing more shares or even them selling directly to Moshiri makes no difference. The end result is the same.

 

[Goat]

What has this got to do with anything? Earl came in for the last failed bid. He essentially has been replaced by Moshiri but because it will be so expensive to build the new stadium it has meant the remaining existing shareholders shares have been diluted. Whether they sold them back to the club first and then the club sold them to Moshiri, the club releasing more shares or even them selling directly to Moshiri makes no difference. The end result is the same.

What are you even saying here?

 

[MartyMcFly]

What are you even saying here?

I edited my comment. Basically it comes down to this.

Is there evidence Moshiri actually paid Kenwright, Woods and Abercrombie any money or is there only evidence of a transfer of shares?

 

[The Esk]

What has this got to do with anything? Earl came in for the last failed bid. He essentially has been replaced by Moshiri but because it will be so expensive to build the new stadium it has meant the remaining existing shareholders shares have been diluted. Whether they sold them back to the club first and then the club sold them to Moshiri, the club releasing more shares or even them selling directly to Moshiri makes no difference. The end result is the same.

There's been no dilution, there were 35,000 shares before Moshiri came along and there are 35,000 shares tonight. Moshiri, as has been explained to you acquired his shares by acquiring all of Earl's and 53% of BK, JW and AA's holdings. That's it.

The club may at some point in the future subject to 50% +1 share, shareholder approval issue more shares but that's not happened yet nor is currently proposed.

 

[hibbo'sclass]

What has this got to do with anything? Earl came in for the last failed bid. He essentially has been replaced by Moshiri but because it will be so expensive to build the new stadium it has meant the remaining existing shareholders shares have been diluted. Whether they sold them back to the club first and then the club sold them to Moshiri, the club releasing more shares or even them selling directly to Moshiri makes no difference. The end result is the same.

Pointing out what happened as opposed to the scenario you portray.

 

[The Esk]

I edited my comment. Basically it comes down to this.

Is there evidence Moshiri actually paid Kenwright, Woods and Abercrombie any money or is there only evidence of a transfer of shares?

Why would the 3 of them transfer shares without receiving cash for the shares they've sold?

 

[MartyMcFly]

There's been no dilution, there were 35,000 shares before Moshiri came along and there are 35,000 shares tonight. Moshiri, as has been explained to you acquired his shares by acquiring all of Earl's and 53% of BK, JW and AA's holdings. That's it.

The club may at some point in the future subject to 50% +1 share, shareholder approval issue more shares but that's not happened yet nor is currently proposed.

So did Kenwright actually receive any money for his shares?

 

[nsno-chris]

He essentially has been replaced by Moshiri

No he hasn't. Not even close

D-
must try harder

 

[The Esk]

So did Kenwright actually receive any money for his shares?

Yes, he, JW and AA received £5,000 for each share sold.

 

[MartyMcFly]

Why would the 3 of them transfer shares without receiving cash for the shares they've sold?

Come on esk. You know what I'm getting at. If Moshiri invests e.g. 100m into the club then each individual share would be worth more.

 

[Goat]

I edited my comment. Basically it comes down to this.

Is there evidence Moshiri actually paid Kenwright, Woods and Abercrombie any money or is there only evidence of a transfer of shares?

Evidence?

Of course not, unless they all wanted to make their bank records public, which I think we can agree will never happen.

 

[The Esk]

Come on esk. You know what I'm getting at. If Moshiri invests e.g. 100m into the club then each individual share would be worth more.

I have no idea what you are getting at ??????

 

[MartyMcFly]

I have no idea what you are getting at ??????

OK. If the stadium is going to cost 200m then that is going to have to be paid from the shareholders because the club can't fund it. If Moshiri has paid 100m (for their shares) to the remaining shareholders then they would have 100m available to match his 100m to build the stadium. Which is the share ratio right now.

The sum total is that Kenwright and co have lost shares, Everton have a new stadium and Kenwright and co are no richer.

 

[nsno-chris]

Come on esk. You know what I'm getting at. If Moshiri invests e.g. 100m into the club then each individual share would be worth more.

Are you talking about a rights issue like Johnson did to raise capital and invest in the club???

 

[MartyMcFly]

Are you talking about a rights issue like Johnson did to raise capital and invest in the club???

Maybe. I'm not aware of what happened then.