- Admin
- #1
See my post no.13 on the Freehold of the Park thread.Why would we want to spend £17k when a rights issue will generate cash and / or deliver >75% shareholding with no cash outlay? (loan conversion)
FGG stands for Finance and Government Group. An officer is a servant who works for the organization and cannot vote like a Trustee.What's the point in having a rights issue if all existing shareholders can buy new shares proportionate to their existing shareholding? Surely all that does is preserve the status quo, but with more shares in existence?
Also: who are FGG, and what's the difference between a trustee and an officer?