New beginnings - 25% Truth, 80% Bollocks

[The Artist Formerly Known as Audrey]

‘Funds for a couple of signings’ Mmmmmm

[Batch]

there are a few key questions either wishy washy answered, side stepped or ignored in there.

The preemption answer is a key one, though provisionally ok.

No question on interest on loans either. Though it's not unreasonable to think yes.

And how the fuck "the club is still losing
at least £500 - £1M Per Year " is beyond me.

[Mooneyraker]

Given how Clem came to be the owner of the Club, the pre-emption rights answer is quite extraordinary.

Good punchy statement from the Trust, particularly on Rob Angus being publicly humiliated by Clem, but why isn't the Standing question in the AB minutes again?

PS - Lee Power confirms himself as a Hall of Fame C***

[Formerly Drummer Boy]

Given how Clem came to be the owner of the Club, the pre-emption rights answer is quite extraordinary.

Good punchy statement from the Trust, particularly on Rob Angus being publicly humiliated by Clem, but why isn't the Standing question in the AB minutes again?

If the question was asked, what do you think the answer would have been?

[LucienSanchez]

Has anyone ever explained why the shares are owned by Mrs Kiely and Mrs Parladorio, rather than their husbands, who are named as the real interested parties? It seems strange.

[The Artist Formerly Known as Audrey]

Also, I thought Clem said he had already bought the shares back - now it’s not a priority

[Mooneyraker]

If the question was asked, what do you think the answer would have been?

We were told the questions were going to be asked in the AB. If it isn't in there was it just not minuted or were they also asking questions outside the AB, in which case what else was discussed outside the AB?

It's a minor point but struck me as odd, that's all.

[Formerly Drummer Boy]

Has anyone ever explained why the shares are owned by Mrs Kiely and Mrs Parladorio, rather than their husbands, who are named as the real interested parties? It seems strange.

It's not unusual though..

[Nemo]

Hmm, immediate reaction is those minutes aren't exactly in depth and probably make things no better and no worse, but I guess we'll see.

[Batch]

https://truststfc.com/2023/09/19/share-transfer-and-ownership-statement/?fbclid=IwAR1Pb5gpMJGs-HiiwTF2M3byCVGhTWYIM6ssnLFZwcWpChqz_MZ-44jcCLc

[Nemo]

Trust statement is pretty good in my view, fair and forceful without being hysterical.

In a way the most concerning bit is the throwaway 'losing 500k-1m per year line' - if true, that would mean all the cost cutting has not closed the budgetary gap and if anything it has grown. Also a 500k range in projections on a company of this size feels pretty wild.

[oxonrobin]

I find this bit quite reassuring

“ An example of this is Friday’s agreement to allow a representative from the Trust Board to review the financial records and accounts of the Club, something which goes above that previously agreed and probably unheard of at other Clubs. ”

So long as it isn’t watered down access.

[Nemo]

Oh - Clem's last statement (not the Angus one, the one with Clem's name on it) said that most of the money had been relaid with only a small shareholding remaining. That seems tough to square with these answers.

There does seem to be a slight Johnsonian tendency to say whatever will make the current problem go away regardless of the long term effect creeping in.

[Batch]

I like the trust statement. No point in going to war. Can do more good cooperating and watching

[tans]

Interesting