MUFC: The Biggest Club In The Cayman Islands

[sheikh it all about]

Sorry John, I missed this.

Shorting the market. Basically it is selling a stock you do not own at a price that you think is too high and then buying it back whenit drops.

For example: I sell some Rag 100 shares of MUFUCK at 100. It drops to 40 and I buy it on the open market at 40, so I profit 60. It is ONLY a good idea if you are sure it is going lower. If it goes higher your risk is essentially infinite.

In this case a pretty reasonable bet, right?

Can I have 100 please?

[Im_Spartacus]

Several sources. Here's one:

[url="http://www.guardian.co.uk/football/2012/jul/10/manchester-united-accounts-share-offer"]GUARDIAN[/url]

[url="http://www.whatinvestment.co.uk/trading/markets/news/2112111/manchester-unitedand39s-ipo-comes-under-attack.thtml"]OR THIS[/url]

[url="http://www.ifre.com/manchester-united-goes-stale/21028397.article"]AND HERE[/url]

Are you saying the IPO prospectus has the April 2012 numbers in it? If so I agree these articles are all wrong

BTWthe reduction is Cash and Champs league Money are FACTS

Yeah it has the last full years audited accounts, plus the financial position for the 9 months ending April.

I had a read through the first dozen or so pages of it the other day and got bored wi their references to 679 million fans.

[Beefymcfc]

They gave OOD figures, misleadng to say the least.

[Im_Spartacus]

They gave OOD figures, misleadng to say the least.

How is it out of date?

You only have full year audited accounts once per year. Uniteds year end is 30th June so how the fuck were they supposed to use this years figure?

Don't get me wrong, the timing of the offer might not be a coincidence, but they did confirm all the relevant financial data for the 9 months ending April 30th

[Beefymcfc]

They gave OOD figures, misleadng to say the least.

How is it out of date?

You only have full year audited accounts once per year. Uniteds year end is 30th June so how the fuck were they supposed to use this years figure?

Don't get me wrong, the timing of the offer might not be a coincidence, but they did confirm all the relevant financial data for the 9 months ending April 30th

'How the fuck'! Not needed at all pal.

The fact is that they have produced OOD audited figures and that is why they had to claim dispensation with Uniteds Ex VC stating that it was 'impractical and involves undue hardship for the company'. This dispensation was granted solely on the fact that they didn't have to produce because of jurisdiction, ie. one reason that they have moved their accounts to the Caymen Islands, also becuase they claimed 'Emerging Growth Company', something the US set-up to push through deals without too much red tape.

IPO's without audited accounts, or in this case accounts that are over 12 months old, are normally told to wait so that investors can get the full facts prior to purchasing and although the Glazer's have given relevant information they have not disclosed the facts and left investors to work it out themselves.

So, like I said, they gave OOD figures, it's not in question and definately not 'How the fuck'!