Latest Takeover Rumour. The Moores / Noell one

Are you For or Against the idea of the possible Moores / Noell takeover ?


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Again Speculation. You have no visibility if an NDA exists in this time frame or not or how it would be enforced.
Neither have you...and yet a few posts back you were stating that the NDA ended on Jan 31st - which was in fact when the period of exclusivity ended......make your mind up ffs.

You appear to want the Directors to allow the fanbase to have a say on whether the prospective owners are suitable or not, which is bark at the moon stuff. Which supporters exactly btw? All of them? STH's? How are you going to administer it - ballot? Or do you mean just you and a few of your mates like?
 
It is most definitely their legal responsibility, under Part10 of the Companies Act 2006, which states, unequivocally, that they must promote the success of the company having regard to the likely consequences of any decision, furthermore, directors must consider whether a deal is the best deal for the company as opposed to the directors personally.
Bit you missed out from s171* of the Act was that as long as they "act in good faith" that's OK.
So if there is a business plan and other documentation/guarantees in place and in the directors' judgement the transaction will benefit and increase the value of the company (and the share value), how are you going to proceed against the directors?
Given that the last indicative price for EFC shares was about 1350. per share, the shareholders wouldn't be too upset I think.

* might be172 but defo between 171 and 177
 

(at the final stage of negotiation)

"So gentlemen, it appears everything is in order, we agree to purchase the club and we're ready to sign."
"Hang on, though, there's some D410 bloke on Grand Old Team who wants a complete rundown of your plans and the source of every dollar you have before we complete this deal."
"No."
"Deal's off then."

(board leaves the room, guards appear out of nowhere and physically carry Moores and Noell out of the building and throw them onto the sidewalk)
 

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