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EGM - which way are you voting? on 22:30 - Feb 26 by Brierls
“ My message is straightforward: absolutely no point making a decision until you need to - then make it on the basis of all the available information at the time - which may or may not include additional information”
That’ll be ‘UNDECIDED’ then. It would have been much easier just to click that.
EGM - which way are you voting? on 22:32 - Feb 26 by D_Alien
We can smell the stench from some distance
Of course, none of us who disagree with you want the club to survive?
I might vote Yes to the EGM proposals, btw - haven't decided yet, and you and the rest can shit yourselves till there's nowt left but that won't change
I sincerely hope you, and the required majority of shareholders, vote ‘Yes’ to the proposals.
2
EGM - which way are you voting? on 22:38 - Feb 26 with 2238 views
I think the board have a great opportunity to really present themselves with facts on Thursday at what could be the most important fans forum in our history.
A couple of years ago, Tony Pockney produced a good presentation of finances and how they were at the time, if you need to convince people to vote for the EGM resolutions then show us numbers that show that come April, we're gone without investment. If people can't decide based on a statement, show us numbers that back the statement up.
Doing that gives everyone a clearer picture of the situation, whether people think we need it or we don't, if anyone is still undecided then it's needed surely? Not only that but they can ease the criticism that they haven't been as informative on the issue as they could have been and can try and point everyone in the same direction. The Trust obviously aren't able to do this but the board can, and should.
For something so important, I'd rather have the picture as clear as it can be, no matter how bleak.
I think people are sometimes guilty of assuming that everyone is as informed and involved as people on this forum are when the reality is that most casual fans will not be, and that includes shareholders.
I'm of the opinion this motion needs to be passed, I don't mind admitting that, but the undecideds needs to be able to make an informed decision, whichever way they vote.
If I hadn't seen such riches, I could live with being poor
5
EGM - which way are you voting? on 23:29 - Feb 26 with 2107 views
Agreed 100% Chaff.. the board have the opportunity to impress the shareholders with the amount and quality of the work they have done. We need to see the sales video, the numbers and we need to hear from their hearts perhaps more than their heads. And ideally we need some insight into the prospective buyers. They clearly know that the room will be somewhat hostile, but if they are open and honest and maybe a little regretful its probably as much as we have the right to ask for. None of us wanted to be where we are.
0
EGM - which way are you voting? on 00:35 - Feb 27 with 2047 views
EGM - which way are you voting? on 23:29 - Feb 26 by 49thseason
Agreed 100% Chaff.. the board have the opportunity to impress the shareholders with the amount and quality of the work they have done. We need to see the sales video, the numbers and we need to hear from their hearts perhaps more than their heads. And ideally we need some insight into the prospective buyers. They clearly know that the room will be somewhat hostile, but if they are open and honest and maybe a little regretful its probably as much as we have the right to ask for. None of us wanted to be where we are.
Absolutely, none of us wanted this, but here we are. Back in 2006, there was a share issue, led by Colin Garlick. The motive was to raise funds but also to spread share ownership as widely as possible to prevent a predatory takeover. It's worked so far, but times have changed so we need to think again.
The requirement for openness about potential investors is what matters the most to so many of us - we don't want another Moron House scenario. Might have to wait until nearer the 7th or until the board have something more concrete to offer, but that is what most supporters are concerned about, and rightly so.
There is a big difference from where we were as shareholders in June 2021. We were able to mobilise and get the numbers in our favour to hoist Bottomley and Rawlinson. This time round, the numbers are very different. Given the last major share issue (large chunk bought by directors) and the purchase of the Moron House shares, again by directors, they have a massive inbuilt majority to do what they want. If a vote on the 7th doesn't go their way on a show of hands, they can call a poll vote. Whether that will enable the 75% vote in favour required for special resolutions to pass at an EGM, I defer to RAFCBLUE's better knowledge of the numbers, but it won't be far off.
The reality is, what happens if the resolutions are passed: Hopefully we get ambitious, monied new owners. Maybe not. The fans minority of worthless shares become less than worthless, but RAFC survives. If the resolutions fall, who pays the bills and the wages? RAFC is on life support with one hand on the plug being pulled.
One day we might be able to get back to watching a game without the swamp of club politics spoiling the day. History suggests we have a good record of survival.
UP THE DALE
0
EGM - which way are you voting? on 00:40 - Feb 27 with 2042 views
EGM - which way are you voting? on 20:48 - Feb 26 by RAFCBLUE
How can it "test the water" DA.
If you listened at the Trust meeting, the options if the motions do not pass are quite stark.
There has been one good piece of communication form the Board and another good piece of communication from the Trust.
The Trust meeting was hijacked a bit by Simon Danzcuk, who was standing for the election and wasn't accessible to any Trust exile who couldn't get to the Ratcliffe for 2pm on Sunday.
None of those things are going to change the motions being voted on between now and next Tuesday (if voting by proxy) or next Thursday if voting in person.
Did somebody not mention that there had been numerous other potential investors come forward since last week? If that's the case then Simon Gauge will need to speak to those interested parties on behalf of the shareholders and I would suggest include the supporters trust because the landscape might have changed since the plight of the club become public last week. Due to the time limits I would be surprised if he can explore all those options properly before the date of the EGM. The word 'railroaded' has been used and if all other options are not explored then that's exactly what it will be. This poll stinks of desperation from the OP when the opposite is needed, clear heads and good communication skills. Speak to ALL interested parties, not just the ones that the Chairman thinks is the most suitable. We have over 500 shareholders who should all be given the information regarding credible options. One that doesn't involve voting our stadium away should be a obvious and crucial priority for us all, including Simon Gauge and the Directors. I don't have any confidence that the Chairman will explore any other options in the correct manner, i think he will be all in with the one he is currently in negotiations with and that's it
Cancel the EGM until proper due diligence can be done on other interested parties, that would be a obvious thing to do. I would also like the name of all other interested parties to be supplied to the Trust. If another suitable investor is found and Simon pulls the plug at the end of next Month which he has promised then we have one month of funding to find before the season end. At that point season tickets can be sold and we also receive 50% of the EFL parachute payment, players could also be sold. With a credible investor or investors then this could be done because in the next couple of months funding will be coming into the club. We shouldn't be handing over the club to anybody for £2 million.
The fact that the Chairman and other directors have a vested financial interest in all of this is also a concern. Are investors being sought solely in the interests of what is best for the club and ALL potential investors being properly explored,or is there also a underlying need to protect or even enhance their own investment further down the line and thats a criteria that has to be met? It's a reasonable question to ask even though some won't like it. None of us as shareholders and fans should be taking what is being proposed by the Chairman at face value because of his and others financial investment, there is a definite conflict of interest. Just because Simon says something doesn't mean he should be taken at his word, when money is involved that would be a stupid thing to do. The time limit he set is also one that gives the Trust or other interested parties very little time to seek legal advice or alternative options. There hasn't been any transparency up until last week from Simon Gauge when he promised the Trust there would be. I would be voting against the motion at the EGM, speaking with RMBC to see if they will help to fund the Club for a couple of months until season ticket money etc starts coming in, replace Gauge as Chairman and see if we can explore all other options ourselves. RMBC will help if the Trust etc come up with a credible plan, they won't publicly let the club just die, not a club that is valued between £4-£6 million with very little debt, that would be a ludicrous thing for them to do.
[Post edited 27 Feb 5:25]
5
EGM - which way are you voting? on 01:19 - Feb 27 with 2017 views
EGM - which way are you voting? on 00:40 - Feb 27 by TalkingSutty
Did somebody not mention that there had been numerous other potential investors come forward since last week? If that's the case then Simon Gauge will need to speak to those interested parties on behalf of the shareholders and I would suggest include the supporters trust because the landscape might have changed since the plight of the club become public last week. Due to the time limits I would be surprised if he can explore all those options properly before the date of the EGM. The word 'railroaded' has been used and if all other options are not explored then that's exactly what it will be. This poll stinks of desperation from the OP when the opposite is needed, clear heads and good communication skills. Speak to ALL interested parties, not just the ones that the Chairman thinks is the most suitable. We have over 500 shareholders who should all be given the information regarding credible options. One that doesn't involve voting our stadium away should be a obvious and crucial priority for us all, including Simon Gauge and the Directors. I don't have any confidence that the Chairman will explore any other options in the correct manner, i think he will be all in with the one he is currently in negotiations with and that's it
Cancel the EGM until proper due diligence can be done on other interested parties, that would be a obvious thing to do. I would also like the name of all other interested parties to be supplied to the Trust. If another suitable investor is found and Simon pulls the plug at the end of next Month which he has promised then we have one month of funding to find before the season end. At that point season tickets can be sold and we also receive 50% of the EFL parachute payment, players could also be sold. With a credible investor or investors then this could be done because in the next couple of months funding will be coming into the club. We shouldn't be handing over the club to anybody for £2 million.
The fact that the Chairman and other directors have a vested financial interest in all of this is also a concern. Are investors being sought solely in the interests of what is best for the club and ALL potential investors being properly explored,or is there also a underlying need to protect or even enhance their own investment further down the line and thats a criteria that has to be met? It's a reasonable question to ask even though some won't like it. None of us as shareholders and fans should be taking what is being proposed by the Chairman at face value because of his and others financial investment, there is a definite conflict of interest. Just because Simon says something doesn't mean he should be taken at his word, when money is involved that would be a stupid thing to do. The time limit he set is also one that gives the Trust or other interested parties very little time to seek legal advice or alternative options. There hasn't been any transparency up until last week from Simon Gauge when he promised the Trust there would be. I would be voting against the motion at the EGM, speaking with RMBC to see if they will help to fund the Club for a couple of months until season ticket money etc starts coming in, replace Gauge as Chairman and see if we can explore all other options ourselves. RMBC will help if the Trust etc come up with a credible plan, they won't publicly let the club just die, not a club that is valued between £4-£6 million with very little debt, that would be a ludicrous thing for them to do.
[Post edited 27 Feb 5:25]
You know this, i know this, quite a few others know this - it was the outcome of the Trust meeting that these questions/ideas would be taken forward
RAFCBLUE knows it too. It therefore needs asking, and i'll ask it: what's the agenda that he's following? It stinks to high heaven, like the stench i referred to earlier
EGM - which way are you voting? on 01:19 - Feb 27 by D_Alien
You know this, i know this, quite a few others know this - it was the outcome of the Trust meeting that these questions/ideas would be taken forward
RAFCBLUE knows it too. It therefore needs asking, and i'll ask it: what's the agenda that he's following? It stinks to high heaven, like the stench i referred to earlier
[Post edited 27 Feb 1:28]
Sorry, I've just edited my post. I don't know what was discussed at Sundays meeting so my views are all my own.
EGM - which way are you voting? on 01:27 - Feb 27 by TalkingSutty
Sorry, I've just edited my post. I don't know what was discussed at Sundays meeting so my views are all my own.
That's no problem; those views are largely in line with many of the questions raised at the meeting - it was a good meeting, and a public meeting with no secrets or behind the scenes shenanigans
That's how it should be. We all just need to take a deep breath (which'll help with the stench too) and wait a short while to see what might be forthcoming
EGM - which way are you voting? on 01:32 - Feb 27 by D_Alien
That's no problem; those views are largely in line with many of the questions raised at the meeting - it was a good meeting, and a public meeting with no secrets or behind the scenes shenanigans
That's how it should be. We all just need to take a deep breath (which'll help with the stench too) and wait a short while to see what might be forthcoming
Panic is really unedifying to witness
Yes, the end of March deadline set by Gauge is designed to spread panic i think. He's stopping funding and giving up on the club at the end of March, he says it will be liquidated. As supporters we therefore need to start saving the club ourselves. We need to properly reach out to RMBC and appeal to local businesses and businessmen to help save our Club. We have a very valuable asset in the stadium which we definitely need to keep. We need to come up with a credible plan over the next month and we desperately need to replace the Chairman and the Directors. We need a person in place who will show leadership and unite tge whole fanbase and Town. I'm really confident that we can do this and I think the EGM should be cancelled, the shareholders shouldn't even be considering giving our fabulous club and Stadium away. The likes of David Clough Paul Hazelhurst, David Kilpatrick etc would be turning in their graves. I'm amazed that we even have fans who are prepared to just roll over and accept what Gauge is proposing without even questioning anything..just taking him at his word. Come on, we saw all of this when Bottmley was running the show. As fans we all need to wake up and get a grip, why are we letting a few individuals do what they want with our club? If we don't do something the club will be gone very soon and we'll never get it back again, never.
[Post edited 27 Feb 2:42]
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EGM - which way are you voting? on 02:17 - Feb 27 with 1968 views
EGM - which way are you voting? on 01:54 - Feb 27 by TalkingSutty
Yes, the end of March deadline set by Gauge is designed to spread panic i think. He's stopping funding and giving up on the club at the end of March, he says it will be liquidated. As supporters we therefore need to start saving the club ourselves. We need to properly reach out to RMBC and appeal to local businesses and businessmen to help save our Club. We have a very valuable asset in the stadium which we definitely need to keep. We need to come up with a credible plan over the next month and we desperately need to replace the Chairman and the Directors. We need a person in place who will show leadership and unite tge whole fanbase and Town. I'm really confident that we can do this and I think the EGM should be cancelled, the shareholders shouldn't even be considering giving our fabulous club and Stadium away. The likes of David Clough Paul Hazelhurst, David Kilpatrick etc would be turning in their graves. I'm amazed that we even have fans who are prepared to just roll over and accept what Gauge is proposing without even questioning anything..just taking him at his word. Come on, we saw all of this when Bottmley was running the show. As fans we all need to wake up and get a grip, why are we letting a few individuals do what they want with our club? If we don't do something the club will be gone very soon and we'll never get it back again, never.
[Post edited 27 Feb 2:42]
Hypothetically, that all sounds very nice. Who is going to make it happen? Are alternative options meetings going to be held with big money backers? Who's got the money? Pie in the sky IMHO.
Your passion for RAFC, TS, is up there with the best of them. Pull this one off and you'll have a statue next to Cloughy!
1
EGM - which way are you voting? on 02:20 - Feb 27 with 1965 views
EGM - which way are you voting? on 01:54 - Feb 27 by TalkingSutty
Yes, the end of March deadline set by Gauge is designed to spread panic i think. He's stopping funding and giving up on the club at the end of March, he says it will be liquidated. As supporters we therefore need to start saving the club ourselves. We need to properly reach out to RMBC and appeal to local businesses and businessmen to help save our Club. We have a very valuable asset in the stadium which we definitely need to keep. We need to come up with a credible plan over the next month and we desperately need to replace the Chairman and the Directors. We need a person in place who will show leadership and unite tge whole fanbase and Town. I'm really confident that we can do this and I think the EGM should be cancelled, the shareholders shouldn't even be considering giving our fabulous club and Stadium away. The likes of David Clough Paul Hazelhurst, David Kilpatrick etc would be turning in their graves. I'm amazed that we even have fans who are prepared to just roll over and accept what Gauge is proposing without even questioning anything..just taking him at his word. Come on, we saw all of this when Bottmley was running the show. As fans we all need to wake up and get a grip, why are we letting a few individuals do what they want with our club? If we don't do something the club will be gone very soon and we'll never get it back again, never.
[Post edited 27 Feb 2:42]
Not sure you meant Brian Clough TS but I know where you're coming from, it seemed to me from the minute the statement came out that SG will do entirely what suits him and the best way to get the majority of his money back, to a degree I totally understand that, sadly that may not be what's in the clubs best interests though.
There's a certain poster on here that also seems hell bent on aiming folk down the same path too, if that's what folk decide to do when in possession of the FULL story then fair play, but I've a feeling we've not read the full story, just the introduction and a taste of a possible bad ending, we need the middle bit available to decide whether there is in fact only one possible final chapter.
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EGM - which way are you voting? on 02:32 - Feb 27 with 1963 views
EGM - which way are you voting? on 02:17 - Feb 27 by Sandyman
Hypothetically, that all sounds very nice. Who is going to make it happen? Are alternative options meetings going to be held with big money backers? Who's got the money? Pie in the sky IMHO.
Your passion for RAFC, TS, is up there with the best of them. Pull this one off and you'll have a statue next to Cloughy!
It's not down to me to pull off anything, we can all save OUR club. We have a supporters Trust and a fanbase, between us all we have some excellent people who i firmly believe are capable of moving mountains when we all put our minds to it. I also believe that we could motivate the Town and attract local businessmen to help us save the club. We can get RMBC on board and make it a proper community club. I'm up for the fight and would be willing to put myself forward if others would and form some sort of group to help save the club but I believe without the backing of the Trust it would be very difficult. I'm not prepared to just sit back and accept our fate, people have dedicated their life's to this club and to watch us just sit back and let Simon Gauge (or anybody else) just decide what he wants to do with it sickens me. So WE are going to make it happen Sandyman if there is the will and collective determination. WE can save our Club even at this late hour but i think it's dependent on direction from the supporters trust. The Trust can't do it on their own though and I would suggest a working party of like minded people need to work hand in hand with them.
[Post edited 27 Feb 3:08]
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EGM - which way are you voting? on 02:44 - Feb 27 with 1952 views
EGM - which way are you voting? on 02:20 - Feb 27 by nordenblue
Not sure you meant Brian Clough TS but I know where you're coming from, it seemed to me from the minute the statement came out that SG will do entirely what suits him and the best way to get the majority of his money back, to a degree I totally understand that, sadly that may not be what's in the clubs best interests though.
There's a certain poster on here that also seems hell bent on aiming folk down the same path too, if that's what folk decide to do when in possession of the FULL story then fair play, but I've a feeling we've not read the full story, just the introduction and a taste of a possible bad ending, we need the middle bit available to decide whether there is in fact only one possible final chapter.
Thanks and edited, although we have had a wonderful supporter called Brian Clough in the past, he used to organise the supporters coach to away games.
1
EGM - which way are you voting? on 02:53 - Feb 27 with 1948 views
EGM - which way are you voting? on 02:20 - Feb 27 by nordenblue
Not sure you meant Brian Clough TS but I know where you're coming from, it seemed to me from the minute the statement came out that SG will do entirely what suits him and the best way to get the majority of his money back, to a degree I totally understand that, sadly that may not be what's in the clubs best interests though.
There's a certain poster on here that also seems hell bent on aiming folk down the same path too, if that's what folk decide to do when in possession of the FULL story then fair play, but I've a feeling we've not read the full story, just the introduction and a taste of a possible bad ending, we need the middle bit available to decide whether there is in fact only one possible final chapter.
I've no doubt the full story will reveal a financial black hole but the Chairman stated very recently we are now breaking even. It's all irrelevant though really because what won't be revealed is the way that the club has been run under Gauges stewardship, bad decision after bad decision and money streams not tapped into. The state of the club shop during the run up to Xmas was a great indicator as to the ineptitude of those in the Boardroom, a ideal time to put some money in the coffers but no effort made whatsoever. If Bottomley had been running the show we would have all been accusing him of deliberately running the club down in order to sell it off at a cheap price!
[Post edited 27 Feb 2:54]
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EGM - which way are you voting? on 02:56 - Feb 27 with 1944 views
EGM - which way are you voting? on 02:32 - Feb 27 by TalkingSutty
It's not down to me to pull off anything, we can all save OUR club. We have a supporters Trust and a fanbase, between us all we have some excellent people who i firmly believe are capable of moving mountains when we all put our minds to it. I also believe that we could motivate the Town and attract local businessmen to help us save the club. We can get RMBC on board and make it a proper community club. I'm up for the fight and would be willing to put myself forward if others would and form some sort of group to help save the club but I believe without the backing of the Trust it would be very difficult. I'm not prepared to just sit back and accept our fate, people have dedicated their life's to this club and to watch us just sit back and let Simon Gauge (or anybody else) just decide what he wants to do with it sickens me. So WE are going to make it happen Sandyman if there is the will and collective determination. WE can save our Club even at this late hour but i think it's dependent on direction from the supporters trust. The Trust can't do it on their own though and I would suggest a working party of like minded people need to work hand in hand with them.
[Post edited 27 Feb 3:08]
I get all that, but where's the money?
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EGM - which way are you voting? on 03:04 - Feb 27 with 1941 views
EGM - which way are you voting? on 02:56 - Feb 27 by Sandyman
I get all that, but where's the money?
Season ticket money, parachute payment, possible player sales, historic transfer add ons for the likes of Rathbone/ Brierley etc/ Sponsorship/ investment from credible partners who would be willing to help/ Gold bond / Grants ( maybe). There's a awful lot of money in OUR stadium sandyman which under the right conditions could possibly be tapped into. The suggestion of just handing the club over to persons unknown seems ludicrous when we are capable of doing this ourselves. My glass is half full, if you look hard enough for a problem you can always find one and I think that's something that is the mindset of a lot of our fans and its not good. We can do this if we want to do, I'm sure of it.
[Post edited 27 Feb 3:22]
1
EGM - which way are you voting? on 06:50 - Feb 27 with 1837 views
Why does a new investor require a 90% stake in the club. £2 Million for a 90% stake in something potentially worth £6 Million seems like an absolute bargain to me.. Shame we couldn't find an investor who would put in the £2 Million for 74.9% with the trust holding the remaining 25.1% so at least the Morris Resolution could still stand.
[Post edited 27 Feb 7:03]
'Only happy when you've got it often makes you miss the journey'
Just to clarify one other piece of.misinformation:
The Trust meeting on Sunday was NOT "hijacked" by Simon Danczuk; in fact, that's a slur on the excellent way it was managed. Everyone who wished to have their say was given the opportunity to do so
Beware of those trying to shift the agenda with false claims
EGM - which way are you voting? on 08:18 - Feb 27 by D_Alien
Just to clarify one other piece of.misinformation:
The Trust meeting on Sunday was NOT "hijacked" by Simon Danczuk; in fact, that's a slur on the excellent way it was managed. Everyone who wished to have their say was given the opportunity to do so
Beware of those trying to shift the agenda with false claims
Could it have been construed that Danczuk was there in the main to score political points?
'Only happy when you've got it often makes you miss the journey'
I was present at the meeting and everyone had their fair chance to speak there was no hijacking SD said his piece on a meeting he held with SG and that was it. Was a pertinent point and on topic - there was no points scoring going on and I am far from a fan from SD.
1
EGM - which way are you voting? on 10:30 - Feb 27 with 1462 views
EGM - which way are you voting? on 00:40 - Feb 27 by TalkingSutty
Did somebody not mention that there had been numerous other potential investors come forward since last week? If that's the case then Simon Gauge will need to speak to those interested parties on behalf of the shareholders and I would suggest include the supporters trust because the landscape might have changed since the plight of the club become public last week. Due to the time limits I would be surprised if he can explore all those options properly before the date of the EGM. The word 'railroaded' has been used and if all other options are not explored then that's exactly what it will be. This poll stinks of desperation from the OP when the opposite is needed, clear heads and good communication skills. Speak to ALL interested parties, not just the ones that the Chairman thinks is the most suitable. We have over 500 shareholders who should all be given the information regarding credible options. One that doesn't involve voting our stadium away should be a obvious and crucial priority for us all, including Simon Gauge and the Directors. I don't have any confidence that the Chairman will explore any other options in the correct manner, i think he will be all in with the one he is currently in negotiations with and that's it
Cancel the EGM until proper due diligence can be done on other interested parties, that would be a obvious thing to do. I would also like the name of all other interested parties to be supplied to the Trust. If another suitable investor is found and Simon pulls the plug at the end of next Month which he has promised then we have one month of funding to find before the season end. At that point season tickets can be sold and we also receive 50% of the EFL parachute payment, players could also be sold. With a credible investor or investors then this could be done because in the next couple of months funding will be coming into the club. We shouldn't be handing over the club to anybody for £2 million.
The fact that the Chairman and other directors have a vested financial interest in all of this is also a concern. Are investors being sought solely in the interests of what is best for the club and ALL potential investors being properly explored,or is there also a underlying need to protect or even enhance their own investment further down the line and thats a criteria that has to be met? It's a reasonable question to ask even though some won't like it. None of us as shareholders and fans should be taking what is being proposed by the Chairman at face value because of his and others financial investment, there is a definite conflict of interest. Just because Simon says something doesn't mean he should be taken at his word, when money is involved that would be a stupid thing to do. The time limit he set is also one that gives the Trust or other interested parties very little time to seek legal advice or alternative options. There hasn't been any transparency up until last week from Simon Gauge when he promised the Trust there would be. I would be voting against the motion at the EGM, speaking with RMBC to see if they will help to fund the Club for a couple of months until season ticket money etc starts coming in, replace Gauge as Chairman and see if we can explore all other options ourselves. RMBC will help if the Trust etc come up with a credible plan, they won't publicly let the club just die, not a club that is valued between £4-£6 million with very little debt, that would be a ludicrous thing for them to do.
[Post edited 27 Feb 5:25]
The vote is to issue 9,000,000 new Ordinary A shares at a value of £2 Million. That provides realistic conditions for a sale, it doesn't mean a sale happens immediately without consideration and due diligence in interested parties.
Your points on Simon Gauge and the BoD are off the mark IMO. A sale of 9,000,000 new Ordinary A shares is money into the club, not money into Simon Gauge and the BoD. It makes their shares practically worthless. Talk of enhancing their investment is complete fantasy.
All the time that can be bought, has been bought. It's been bought by further investment and loans from Simon Gauge and Richard Knight. That pot has run dry.
Did you read the FAQ that was issued with the notice of the EGM?
2
EGM - which way are you voting? on 10:32 - Feb 27 with 1456 views
EGM - which way are you voting? on 02:32 - Feb 27 by TalkingSutty
It's not down to me to pull off anything, we can all save OUR club. We have a supporters Trust and a fanbase, between us all we have some excellent people who i firmly believe are capable of moving mountains when we all put our minds to it. I also believe that we could motivate the Town and attract local businessmen to help us save the club. We can get RMBC on board and make it a proper community club. I'm up for the fight and would be willing to put myself forward if others would and form some sort of group to help save the club but I believe without the backing of the Trust it would be very difficult. I'm not prepared to just sit back and accept our fate, people have dedicated their life's to this club and to watch us just sit back and let Simon Gauge (or anybody else) just decide what he wants to do with it sickens me. So WE are going to make it happen Sandyman if there is the will and collective determination. WE can save our Club even at this late hour but i think it's dependent on direction from the supporters trust. The Trust can't do it on their own though and I would suggest a working party of like minded people need to work hand in hand with them.
[Post edited 27 Feb 3:08]
A nice rallying call, TS. Unfortunately, WE couldn't even fund the purchase of existing shares on offer. While the passion shines through, the ability to deliver on it is pie in the sky.
A mountain is an obstacle to many, this vote is asking for the ability to move mountains. I really hope WE do.
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EGM - which way are you voting? on 11:10 - Feb 27 with 1349 views
Despite the obvious downsides, I'm leaning towards voting in favour of the proposals and the points that Brierls and Sandyman amongst others make perfect sense - there is a big financial hole at the moment and we have run out of cash.
Respectfully TS and DAlien, its one thing saying (effectively) lets dig deep, raise a few quid to get us through to the summer and then review the situation (and its a view that is entirely understandable) but who is going to fund that gap? Not SG or the BOD, not me, you?
To be fair, the big elephant in the room is roughly how much cash do we need to get from now till the summer. Apologies if its been said and I've missed but I don't think we know and until we have an idea, we cannot plan for anything. So on Thursday this must be the first and most important question to be asked. Is it £100k or nearer £500k? Until we know that and can discuss if/how we could subsidise such a shortfall, I wouldn't know how to vote.
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