| Non shareholder tries to cancel EGM 11:53 - Oct 3 with 39426 views | ColDale |
Matt Southall has written to the club to ask them to cancel Wednesday's EGM:
Dear Sirs
We are happy to enter positive discussions with the Board. We suggest a meeting next week.
Unfortunately, the Board has initiated an EGM with the sole intention of seeking to dilute our shareholding. We have taken legal advice upon that process and the Board will receive correspondence from our Solicitors within the next 24 hours.
The correspondence will insist that the Board sends notice to all shareholders of the cancellation of the EGM on Monday 4 October.
If the Board try to proceed with the EGM, we are advised by the lawyers to start legal proceedings in The High Court to obtain an Injunction on Tuesday to ensure that the meeting does not proceed. We do not want to do that, but if the Board do not cancel the meeting, we will, and will also seek an order that the Directors who initiated the EGM pay the costs.
I stress that this is not a route that we want to take, but if the Board refuse to act in a co-operative manner, we will be left with no choice. The decision to call an EGM was a poorly conceived and unhelpful tactic which individual Directors will be held to account for, if they chose to proceed.
The best starting point for a constructive discussion is for the Board to immediately — this weekend — cancel the EGM. We will see this as a very positive and sensible move; and we can sit down and talk next week to explore all options with the Board. A pre-condition of commercial discussions with the Board, is confidentiality. You will understand that placing commercial discussions into the public domain is very unhelpful.
We are keen to reach a solution as soon as possible. We are sure that positive discussions can take place in the next week or shortly thereafter, so long as we can undertake the discussions without the need to tell the lawyers to commence action on Tuesday and on the basis that we are not going to read what we have discussed in confidence with the Board, half an hour later on the internet.
We look forward to your urgent response.
Regards
Matt Southall
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| Non shareholder tries to cancel EGM on 11:58 - Oct 3 with 18408 views | Dalenet |
I am not surprised. If I thought I had shares (he thinks he does) and my shareholding was being diluted I would seek to stop it. The thing is, does he believe he is a shareholder? Has the club received a change of ownership request for the shares he claims he owns?
Of course this action proves his meeting with the Trust was all lies. If he didn't want to run the club why would he be worried? This is the legacy of Andrew Kilpatrick. His father will be turning in his grave. |  | | |
| Non shareholder tries to cancel EGM on 12:02 - Oct 3 with 18387 views | 100notout |
Bully boy tactics.
Here's a message to you Matt and I guess you'll be reading this so lets make this clear.
We don't want you anywhere near our club.
You are not a shareholder so you have no basis to ask for anything.
Even if you were a shareholder you would have no control at the club.
Oh one last thing ..........................
FOOK OFF!! | |
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| Non shareholder tries to cancel EGM on 12:05 - Oct 3 with 18363 views | Dalenet |
| Non shareholder tries to cancel EGM on 12:02 - Oct 3 by 100notout |
Bully boy tactics.
Here's a message to you Matt and I guess you'll be reading this so lets make this clear.
We don't want you anywhere near our club.
You are not a shareholder so you have no basis to ask for anything.
Even if you were a shareholder you would have no control at the club.
Oh one last thing ..........................
FOOK OFF!! |
or pass it to the Sales and Marketing Director for action
"Sorry, we don't know who you are. Please stop harassing me in this way" | | | |
| Non shareholder tries to cancel EGM on 12:12 - Oct 3 with 18312 views | 1907 |
Surely a minority share holder doesn’t have any sort of say so or power to try and obstruct an EGM against the wishes of the majority of fans or shareholders.
Hopefully the directors counter these legal threats with their own as I’m sure there’s only one set that would hold any weight in a court of law.
What a way to start your involvement with a club. | | | |
| Non shareholder tries to cancel EGM on 12:20 - Oct 3 with 18261 views | D_Alien |
| Non shareholder tries to cancel EGM on 11:58 - Oct 3 by Dalenet |
I am not surprised. If I thought I had shares (he thinks he does) and my shareholding was being diluted I would seek to stop it. The thing is, does he believe he is a shareholder? Has the club received a change of ownership request for the shares he claims he owns?
Of course this action proves his meeting with the Trust was all lies. If he didn't want to run the club why would he be worried? This is the legacy of Andrew Kilpatrick. His father will be turning in his grave. |
There's also the question of the proxy, apparently granted over the shares by the major shareholders looking to sell
Does this give MH/MS legal rights to request this cancellation? A question for the lawyers no doubt, unless we have an expert in these matters from outside the legal field
I'm afraid exhortations to fook off are wasted now, although i understand where they're coming from
MH/MS seem to have committed major funds (loaned?) to the purchase of shares and they'll go through every possible channel to ensure they're not left out of pocket
I hope the club have access to first class legal advice - but they'll need to be quick |  |
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| Non shareholder tries to cancel EGM on 12:26 - Oct 3 with 18159 views | ncfc_chalky |
Oi Matt,unless you lead the life of a monk and you're past is squeaky clean I wouldn't go upsetting Daley's when it comes to their club,they've got extremely large shovels as others have found out to their cost |  |
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| Non shareholder tries to cancel EGM on 12:26 - Oct 3 with 18154 views | UpTheDaleNotForSale |
It appears Southall, along with Curran / Rose et al really do not like having their business and names all over the internet. or radio. or newspapers. or sky sports.
ah well.
#UpTheDaleNotForSale |  |
| Twitter : @DaleNotForSale
Facebook : facebook.com/upthedalenotforsale |
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| Non shareholder tries to cancel EGM on 12:36 - Oct 3 with 18046 views | TomRAFC |
No share transfers have been confirmed.
They are trying to audaciously request a level of involvement that they have no entitlement to
Legal threats are always nervy, both sides will have taken extensive advice. | |
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| Non shareholder tries to cancel EGM on 12:42 - Oct 3 with 17986 views | HullDale |
Also, could Southall have shot himself in the foot here with repeated use of the word 'we'? It suggests it isn't just him buying shares to sell on for a profit if we get back to League 1?
Does the 'we' refer to:
- Matt Southall working with Morton House, essentially meaning that they are working together and would therefore be subject to the EFL OADT?
- Matt Southall working with other people in the background? Who are they & why weren't they mentioned when he spoke to the Trust?
- Matt Southall being a front for somebody else (or a fence)?
- Any other explanation.... |  | | |
| Non shareholder tries to cancel EGM on 12:42 - Oct 3 with 17986 views | EllDale |
As I understand it Morton House still do not technically own any shares until such time as the transfer is approved by the board.
So they can’t sell on to Southall what they don’t possess.
So he can’t go around demanding things.
Everything about this man screams bully.
Like you say m’learned friends will have to be consulted. | | | |
| Non shareholder tries to cancel EGM on 12:49 - Oct 3 with 17921 views | RAFCBLUE |
Here are some UK law facts.
You can't do anything unless you are a shareholder. Southall ISN'T a shareholder. He can do literally nothing to stop the EGM. He's a member of the public as far as the courts are concerned.
Morton House's shares are under investigation with the EFL. Expect to hear from the EFL tomorrow when the news channels open.
Morton House effectively have bought a stake, refused to comply with the process needed to complete that process with the EFL. Morton House need to comply with the disciplinary process that the EFL have launched and once completed they can move on.
We knew very little about Andy Curran when he landed. By contrast, Southall is a convicted shoplifter, convicted of business malpractice (in changing Company House records without legal right to do so), being chased by his builder for his Worsley home for money owed and is hiding in Dubai.
Not sure it is going to take the EFL long just to add to the charge sheet issued on 21 August regarding Morton House.
What an absolute joke of a person. |  |
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| Non shareholder tries to cancel EGM on 12:51 - Oct 3 with 17909 views | boromat |
An email that screams of desperation. If he was a shareholder then he can turn up and made his voice heard with his vote on the matter being put forward.
If he isn't a shareholder then he has no right to be there and no right to have any say in how the club is being ran. | |
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| Non shareholder tries to cancel EGM on 12:54 - Oct 3 with 17895 views | kel |
Dear Matt
Go fook yourself.
Regards [Post edited 3 Oct 2021 12:54]
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| Non shareholder tries to cancel EGM on 13:08 - Oct 3 with 17787 views | deeplishblue |
As a trust member and a regular contributor I would be more than happy for trust funds to be used to support the board with any legal costs. |  |
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| Non shareholder tries to cancel EGM on 13:16 - Oct 3 with 17729 views | Marjorie_Plane |
Oh my dear Matthew... you have got yourself in a pickle here haven't you. You can't say you weren't warned.
Well luvvy, what we have at our club are bonds and connections that go back generations. We are a family, we all belong, we are one. The price for that belonging Matthew dear is priceless! Priceless. Neither you, your friends Alexander, Andy nor Darell can ever ever afford what we have, what we possess and what we will keep.
I wish you and Jade all the best my love. Now leave us in peace, stop trying to be a bully and go and pick another victim. x |  | | |
| Non shareholder tries to cancel EGM on 13:19 - Oct 3 with 17713 views | SuddenLad |
What a gobshite he is. He has no authority whatsoever to make any demands on anyone. He is blowing hot air because he's cornered and he can see he has been 'out-manoeuvred' thus making his position even weaker.
He MUST realise that the EFL will never, ever sanction him in any role at any football club under their jurisdiction. Why does he persist in making a complete and utter tvvat of himself in the public domain?
If he challenges anything in the High Court and employs barristers, I hope they ask for their fees up-front. Doing that should ensure he never gets inside the doors. |  |
| “It is easier to fool people, than to convince them that they have been fooled†|
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| Non shareholder tries to cancel EGM on 13:20 - Oct 3 with 17701 views | foreverhopefulDale |
| Non shareholder tries to cancel EGM on 13:08 - Oct 3 by deeplishblue |
As a trust member and a regular contributor I would be more than happy for trust funds to be used to support the board with any legal costs. |
Absolutely, or contribute to a crowdfunding appeal. The fact is though, surely these people don't have any shares legally in their name so have no say. I hope the Dale BOD proceed with the EGM, and get their resolution passed. I am sure the Dale and wider football family would come to the aid financially if required. |  |
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| Non shareholder tries to cancel EGM on 13:32 - Oct 3 with 17581 views | jonahwhereru |
Agree it is difficult to see how Southall with “an interest” in 25% of the shares can take an action to prevent a business putting a proposal to shareholders. Even if MH support him the voices are still a minority.
I sincerely hope the legal position on the Kelly shares means that his shareholding is thrown behind the resolution, otherwise it may be possible that the motion will not pass.
The EGM will bring things to a head and it will become clearer who can exercise a proxy over what portion of share. The water have been very murky for fans to works through for months, but the cards are about to be laid on the table. It’s time to lance the boil. It may possibly be painful but we need to do it.
If passed we then have the intrigue of how and when the board choose to best arrange any share offering. For me it would be the sooner the better.
UTDNFS | | | |
| Non shareholder tries to cancel EGM on 13:33 - Oct 3 with 17583 views | DevonDale |
Not quite sure how the resolution to be voted on at the EGM dilute the interest of any (legitimate) shareholder - it merely gives the Board the authority to issue shares at a future date. (Legitimate) shareholders would still benefit from pre-emption rights on any actual share issue, so they get first refusal to subscribe to the new issue with just the purpose of not diluting their shareholding.
This dick really is trying it on, and I would hope and expect any court to throw out any attempts by him to interfere with the legitimate running of a company in line with its Articles and the Companies Act. | | | |
| Non shareholder tries to cancel EGM on 13:35 - Oct 3 with 17544 views | R17ALE |
That's a proper letter of desperation.
The last time I saw such desperation was ex-Director Grindrod's email to the Trust hours before the June 1st EGM pleading that the Trust vote through the intended blind sale of the club.
That smelt of bullshit every bit as much as this email does. This chap seems to enjoy throwing dollops of "Project Fear" about in the hope we'll be cowed.
He clearly knows nothing about Rochdale or its fans. [Post edited 3 Oct 2021 13:37]
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| Non shareholder tries to cancel EGM on 13:46 - Oct 3 with 17403 views | R17ALE |
A very interesting read, and a M.O. similar to the opening post here.
One big question remains: Why do people connected with Charlton correspond with each other in such a low font size? | |
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| Non shareholder tries to cancel EGM on 14:01 - Oct 3 with 17233 views | tony_roch975 |
| Non shareholder tries to cancel EGM on 13:33 - Oct 3 by DevonDale |
Not quite sure how the resolution to be voted on at the EGM dilute the interest of any (legitimate) shareholder - it merely gives the Board the authority to issue shares at a future date. (Legitimate) shareholders would still benefit from pre-emption rights on any actual share issue, so they get first refusal to subscribe to the new issue with just the purpose of not diluting their shareholding.
This dick really is trying it on, and I would hope and expect any court to throw out any attempts by him to interfere with the legitimate running of a company in line with its Articles and the Companies Act. |
true it's only seeking authority but possibly because Simon Gauge is quoted in the MEN article of 29.9 as saying "Mr Gauge said he wants to protect the fan-owned club from future takeover bids by issuing new shares for existing shareholders, directors and 'new people who want to invest in the club' - possibly season ticket holders." By implication that must mean limited or no pre-emption rights so it would dilute all existing shareholders holding (including MH/Southall & The Trust) | |
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| Non shareholder tries to cancel EGM on 14:04 - Oct 3 with 17185 views | Sandyman |
This threatening e mail from a member of the public (not a shareholder) will only ensure one thing - that shareholders and fans will be even more supportive of our excellent board of directors.
A convicted petty thief and his empty threats mean nothing. Our smallest shareholders own more of this club than Mitty Fookall (0 shares) does and will have more say on Wednesday evening.
Whilst all this malarkey goes on, the EFL are watching. The investigations against Morton House et al continue. They've made very costly mistakes. "Jarvis had told him that he had a deal that had “gone wrong”. So long, losers. |  | | |
| Non shareholder tries to cancel EGM on 14:13 - Oct 3 with 17076 views | EllDale |
I hope that this sort of correspondence is being forwarded to the EFL for reference. | | | |
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