Why does wakefield need to sell shares in blocks of 1k or have I missed the point?
In the last accounts your club had authorised share capital of 10,000,000 £1 ordinary shares (not that thats really an issue under the new CA2006). but with issued share capital standing at 507,017 theres still 9,492,983 £1 ordinary shares that could be sold.
your club could just have said we need to sell 500K worth of shares to raise finance and buy as many as each fan feel they could afford and still take part.
OMG just been reading this thread from the start, never twigged it was so long ago and out of date, but couldn't understand the references to "Ted". Yeah Tommy, the more things change ......
I started to read thread then when I got to end realised its 2 years old. Please take it off here as its confusing and about the previous regime but gives the impression it's about the current.
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