This isn't "investing in stocks and shares". This is lender. There is a clear market and a market return for private credit. The 6% is way, way below that. If he had taken £10.32m owed by RIFC on 30 June 2022 and invested in the Blackrock European private credit fund, he'd be getting~10.6%. That means he would have your "at least 25%" in about 26 months if he went that route.
He's "chosen to go this route" at a cost to him, because he's a fan and deserves enormous gratitude from the rest of us fans that don't have those funds.
You haven't explained anything with regards to a market value of an RIFC PLC share. Again, to repeat, the "issue price" isn't necessarily the market price. No-one except Dave King and Kyle Fox are talking about a market price of 40p a share. It's a fiction. No-one is putting a value of more than £170m on a small company with a structural £3-5m annual funding gap, limited room for revenue growth and highly uncertain future cash flows. Not unless there are tangible fixed assets worth in excess of that. There aren't.
Thing is its it clear cut yes he is lending but can convert to shares if board and him agree. That can be decided at any time.
However I'm not sure why the rage from so many for telling it as it is I've already said that will they should be appreciated for putting the money up and have no objection to directors getting interest on loans..... its only fair. Or getting a return on their money when they sell up. As long as it isn't ripping the piss re desmond with the preference at the scum.
I wasnt trying to explain the market value what I am saying is the value of shares of a large block particularly if it is above 75% becomes more marketable and valuable to someone wanting to sell as the buyer can do what they want to a company as nearly nothing can be done to stop that block of shares. That could be 25p or 3 quid.
It's just my belief that we are getting taken towards being sold by a number of the current investors within the next 2 to 5 years....... and I don't mean all......but definately some are driving it towards that.......but that's their right.
However any board we have can be appreciated when they do good but we need to be sceptical of them at times
People defended Murray even right through the initial tax cases where did that end up.
People praised whyte as he gave new deals to Davis, Mcgregor and Naismith I think it was those 3 on increased wages and term look what happened months later
People praised Green for walking up and down the que for buying season tickets and successful share issue....look what happened.
People believed Ashley was going make us great again....... remember those 5 Newcastle loans the parasite has taken to long to get rid of but if you look at coventry just now that is what he was planning on doing to us.
King helped get rid of spivs but created way to many problems especially with his comments and prob created animosity with other clubs in Scotland. He was needed but his time was up.
Park in reality all has to be judged but the cinch cases which he was right to challenge imho, it is fact the fans /club get pillored and nothing is said that irks, the Sydney friendly, making a point scoring excercise of King in accounts about interest on a loan. That was paid off...... by others on board getting interest on a loan to pay that off....... aren't good looks so far.......
Absoloutly no board we have should ever be fully trusted or blindly followed again it doesn't mean we can't appreciate when they do good and in general all the investors and board members since the spivs were ousted have done good