The spin will be that the issue was a success. I would say that green and co will be very disappointed, £5m shortfall is very significant.
The fans for all their clamour, for all the club PR hype and the slightly heavy legal threats to, off message, commentators have only taken half of their allocation.
I guess it is understandable given that the fans have paid out for STs. Mr Green and his board weren’t to know that were they ?
These are tough economic times, typical that recessions happen just 4 years before your share issue. Such bad luck !
The Prospectus didn’t arrive on time to a lot of potential Investors. Who could have foreseen postal delays just before Christmas, who could have allowed a bit more time? Continue reading