Received a letter from Hibs today advising that they intend to convert a £3,000,000 loan from Bydand LLC into shares, which as I understand it will be distributed between Bydand, Black Knights, HSL and Leslie Robb.

Before this can be done they need the agreement of the existing shareholders to pass a resolution that these shares can be issued and there's a form to sign and return ( no reply paid envelope I notice ) .... without consent the new shares cant be issued, which if the letter is anything to go by would leave Hibs having to pay that three million quid back.

I'm obviously thinking of signing the consent form and returning it. But before I do does anybody see a downside to this that I haven't considered? Apart from the fact that I'll have to pay for a stamp