Recent content by Donald1999

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    Management buyout difficulties

    Clinton I understand where you are coming from however I'm one of those strange people that just likes their job, money and value are not really of primary importance. You have however made me realise from this discussion that both money and value are of primary importance to the other share...
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    Management buyout difficulties

    Mr D All that you have noted is true, however in Jan I called an EGM to note if the shareholders didn't like that I did not want to buy the shares with my own money they could sell to a 3rd party which I would be happy with as I could then exercise my right to tag along under the agreement and...
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    Management buyout difficulties

    Clinton the 2mil is pretty logical, this is the figure that is needed from the balance sheet to pay off the founders. Beyond this there needs to be about 800k in operating capital which is essentially the financing need. The company has the 800k operating capital in cash now but 1.3mil has now...
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    Management buyout difficulties

    Dear all thank you for your interesting responses and taking your time to read the post. As you note the post was one of emotion rather than dry facts, which was the intent. 'RE facts all share holders are directors and the share holder agreements prescribes that any director leaving must offer...
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    Management buyout difficulties

    Hi I am looking for some advice thoughts on the following: I own 9.6% of a thriving business which I have worked for for 20years. There are 4 share holders, the two founding share holders own 48 and 33% of the shares and myself and another director own the remainder. I became a share holder 10...
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