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Author Topic: US firm offer £7m to buy STFC  (Read 56541 times)
Paolo69

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« Reply #150 on: Friday, October 11, 2019, 13:26:04 »

I still have mine too.

Me too. Pretty sure Reg is right and they're not worth the paper they're written on though. I suspect the Wills' shares may have gone the same way?!
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Paolo69

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« Reply #151 on: Friday, October 11, 2019, 13:27:28 »

Yes but wasn't Power annoyed that Clem went to the Adver to say he had invested with no official word coming from the club?

Not that i heard but he may have been. It's public knowledge as available on Companies House though so doubt he could be that narked.
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Reg Smeeton
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« Reply #152 on: Friday, October 11, 2019, 13:29:25 »

Vaporised is better though.

I wasn't sure if it should be vapourised or vaporised, the z way seems popular.
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Bob's Orange
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« Reply #153 on: Friday, October 11, 2019, 13:32:57 »

I wasn't sure if it should be vapourised or vaporised, the z way seems popular.

I presumed it was that Z was the American version and S the non-US.

It appears that may not be the case here.    Roll Eyes
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« Reply #154 on: Friday, October 11, 2019, 13:44:28 »

Yes but wasn't Power annoyed that Clem went to the Adver to say he had invested with no official word coming from the club?

I think that much was rumour, although it may well be true.
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pauld
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« Reply #155 on: Friday, October 11, 2019, 14:30:38 »

I presumed it was that Z was the American version and S the non-US.
Reg is right. I think the problem is that I've mangled the correct "ou" and "s" and the also correct "o" and "z" into an incorrect "o" and "s". My bad.
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Private Fraser

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« Reply #156 on: Friday, October 11, 2019, 14:49:46 »

I also still have my share certificate(s). Although I knew that they had been sub-divided/re-valued to a nominal value of 1p in 2012, I made an enquiry to the Club a couple of years ago and got a letter back saying:

“... Whilst we were unable to track your share certificates in the shareholding register given the multiple ownership changes we can confirm that following the acquisition of Swindon Town Football Club limited in February 2013, the Club was acquired by Seebeck 87 Limited. And indeed, in a subsequent high court ruling in July 2014 the Club registers rectified to reflect Swinton Reds 20 Limited as the owners of Swindon Town Football Club Limited.”

Not a very helpful reply! But, as the share certificates state that transfer of the share cannot be registered until the certificate has been deposited at the registered office of the Company [or in the case of my earlier ones, lodged with the Company’s Transfer Office at the Independent Registrars Group Limited], as the certificates are still In my possession, I think that still makes me a (very minor) shareholder, as would anyone else be who still holds their share certificates. But I could be wrong...

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horlock07

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« Reply #157 on: Monday, October 14, 2019, 09:11:20 »

A quick google suggests Swindon Town Football Club Ltd now has a single Director, L Power.

In terms of shareholdings the most recent return seems to be dated 16th January 2018 and suggests there are 308,188,451 Ordinary shares in the company, all owned by Seebeck 87 Ltd.

There are also 3,188,451 Deferred shares in the company also owned in whole by Seebeck 87 Ltd.

It would appear that there were previously shareholdings of 616,377 (ordinary) and 6,377 (deferred) held by 'other' but these were transferred to Seebeck 87 Ltd on 6th April 2017. (way outside my area of expertise but were these the other old and long standing shareholdings). The co also has 4 outstanding debentures (which I cannot be arsed to read) to Black and Sir Martyn Arbib - 2 from 2011 and 2 from 2012.

Seebeck 87 Ltd has two directors Power and Anderson, and 100 shares which are all owned by Swinton Reds 20 Ltd.

Swinton Reds Ltd has one director, L Power and in terms of shareholding hass 100 shares, 85 to L Power and 15 to Axis Football Investment Ltd.

Axis Football Investment Ltd has 1 share to Clem who is also the sole director.

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The Artist Formerly Known as Audrey

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« Reply #158 on: Thursday, October 17, 2019, 04:39:59 »

Here’s the latest

https://www.swindonadvertiser.co.uk/sport/17973711.documents-show-able-company-swindon-llcs-interest-purchasing-swindon-town-club-continues-deny-approach-made/
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suttonred

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« Reply #159 on: Thursday, October 17, 2019, 04:43:52 »

I might be blind but I dont see any offer in that letter. That's like me going round the supercar garage up the road from me and telling them I've an Audi.. Yeah so..
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Batch
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« Reply #160 on: Thursday, October 17, 2019, 05:54:03 »

That letter reads like a speculative circular rather than a specifically targeted letter of intent.

In fact it reads like a phishing email in which the next letter will be 'please deposit 100' in our bank....

anyway, they need to be discounted for referring to us as a franchise
----
I think 'offer' is loose talk from the adver rather then in a legal sense.
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Exiled Bob

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« Reply #161 on: Thursday, October 17, 2019, 06:07:05 »

I think it's one of those "read between the lines" letters.
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« Reply #162 on: Thursday, October 17, 2019, 06:12:46 »

actually someone pointed out the LLC  has Swindon in its name, so perhaps it was solely targeted at town
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Ginginho

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« Reply #163 on: Thursday, October 17, 2019, 06:45:03 »

No mention of an offer and nothing specific relating to Swindon Town apart from the address at the top.
They've probably sent that to a dozen clubs.
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Flashheart

« Reply #164 on: Thursday, October 17, 2019, 07:11:07 »

It looks like something I'd flag as junk mail.
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