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25% => The Boardroom => Topic started by: Summerof69 on Saturday, April 7, 2007, 15:22:41



Title: Still No NDA
Post by: Summerof69 on Saturday, April 7, 2007, 15:22:41
From the Trust site, posted by Paul D :

http://www.truststfc.co.uk/forum/index.php?act=ST&f=4&t=5511&s=214ab01960522101fb9965f7f13294d8

As of close of business on Thursday, we (or to be more accurate our lawyers) had still not received an NDA document as promised the previous Friday by the club's lawyers. An NDA is a pretty standard business document - a "boilerplate" document in effect - that does not take an experienced corporate lawyer 5 working days to draw up. We are extremely disappointed at the apparent lack of urgency and/or continued brinksmanship that the club's board appear to be engaging in over these discussions. We are also extremely mindful that we have a mandate from the vote taken at the members' meeting last Saturday for the Trust to start backing active protests and organise programme/season ticket boycotts should this most simple of steps not take place by the end of this week (ie by close of play Thursday). However, while recognising fans' and members' frustration at the ongoing and unncesssary delays, we are determined to give this process every opportunity to succeed. Equally we recognise we cannot delay that mandate forever; accordingly we will be reviewing the situation again early next week. In the meantime we would urge that if individual fans do wish to engage in protests, that these should continue to be after the game and within the bounds of the law.


Title: Still No NDA
Post by: Razzledazzle on Saturday, April 7, 2007, 17:32:54
Let's get all out protests started, it's plainly obvious that the board are not interested in selling hence changing the club badge shows this!

It's time to stop messing around and stop giving the board more time, enough is enough, we are all sick of the stalling by this board!!


Title: Still No NDA
Post by: Ardiles on Saturday, April 7, 2007, 20:11:14
The board are clearly cocking around, but I support Paul's view that we should wait until next week.  To be honest, I would not be at all surprised now to see them try to hold on until we know whether we are going up.  If they are looking to sell, I am quite sure they would now be thinking they might be able to make more from the deal if we were playing in League One next season.

The complicating factor here is the Scarborough issue.  Unless they make an unambiguous statement to the effect that they have found a way around the issue and a viable plan is in place, then it looks like it could (finally) be the end of the road for them.  We need to start demanding answers right now.

The local media's silence on the issue is a disgrace.


Title: Still No NDA
Post by: STFC Bart on Saturday, April 7, 2007, 21:05:06
They are hoping that if they stall until the summer- it will all go quiet and we will forget about it


Title: Still No NDA
Post by: reeves4england on Sunday, April 8, 2007, 17:57:13
r4e in shock "agreeing with Bart" moment

I'm lost for words


Title: Still No NDA
Post by: Razzledazzle on Sunday, April 8, 2007, 20:27:50
It's obvious what is going to happen, the board have just been stalling until the end of the season so that we cannot protest against them.

Hopefully the trust will back all out protests this week and there will be hundreds behind the arkells for the mansfield and walsall games!

This board have no intention of selling, we have known this all along, the board introducing a new club badge proves that they are planning ahead for next season and have no intention of leaving.

Looks like we will have to boycott season tickets in the summer.


Title: Still No NDA
Post by: reeves4england on Sunday, April 8, 2007, 23:21:46
How about this for a plan....


Beat Walsall to get promoted......foolowed by a massive post-match protest to round the promotion party off nicely  :D


Title: Still No NDA
Post by: STFC Bart on Monday, April 9, 2007, 18:24:50
Apparntely heard today that the board are not going to sign an NDA. Wonder why?

All we will get with them in charge is as follows:

10 point deduction
No investors- who will invest with this lot at the helm
No development in Swindon- council domnt trust them either

We MUST get them out- promotion from a league they got us into in the beginning must not detract from this


Title: Still No NDA
Post by: DMR on Monday, April 9, 2007, 18:38:12
You really must start drinking with people more your own age Bart, you're turning into one of those repetitve old duffers on your WL table  :wink:


Title: Still No NDA
Post by: glos_robin on Monday, April 9, 2007, 18:40:58
Quote from: "STFC Bart"
Apparntely heard today that the board are not going to sign an NDA. Wonder why?



Who did you hear that off then....a fairy?

I've spoken to the trust guys today and also read the internet and heard no such thing to date. No need to lie now is there bart


Title: Still No NDA
Post by: lebowski on Monday, April 9, 2007, 19:20:07
so you're saying that you know he's wrong, and is just shit-stirring?


Title: Still No NDA
Post by: glos_robin on Monday, April 9, 2007, 19:27:59
Quote from: "lebowski"
so you're saying that you know he's wrong, and is just shit-stirring?


Pretty much yeah, all he does is shit stir.....as far as I'm aware nothing has changed since Paul Davis's comments on the Trust site. Bart just makes stuff up to try and get a reaction, should know by Wed whether they are likely to sign I believe....


Title: Still No NDA
Post by: STFC Bart on Monday, April 9, 2007, 19:30:45
Well wait and see then


Title: Still No NDA
Post by: Razzledazzle on Monday, April 9, 2007, 19:32:34
I've heard that the board will not sign the NDA as well and that trust backed protests will begin......


Title: Still No NDA
Post by: glos_robin on Monday, April 9, 2007, 19:46:36
I'll await to hear from the Trust and Consortium before making any comments on that.....bart etc are definately not reliable sources.

Announcements like this should be made by appropriate people, even if you do know something you should keep it to yourself. Making premature announcements will only harm the cause and fuel any divide.  You aren't directly involved in the negotiations so have no right or authority to say what is or isn't happening!

Just wait for the official announcement before jumping the gun.


Title: Still No NDA
Post by: genf_stfc on Tuesday, April 10, 2007, 22:54:38
out of interest, isn't today the day that mike bowden wanted everyone to 'meet for a pint in the glue pot' ?  did it actually happen ?


Title: Still No NDA
Post by: millom red on Wednesday, April 11, 2007, 00:04:12
Thursday is Deadline day i think.
Lets hope they will be sensible.


Title: Still No NDA
Post by: Reg Smeeton on Wednesday, April 11, 2007, 00:12:31
Quote from: "genf_stfc"
out of interest, isn't today the day that mike bowden wanted everyone to 'meet for a pint in the glue pot' ?  did it actually happen ?


   Oh shit....I wanted a laugh a couple of days ago and re-read the Blodwyn humiliation thread...thought I must go down the Glue Pot tonight as there were a few takers....completely forgot.

 It'll be interesting to hear what they have to say.


Title: Still No NDA
Post by: Simon Pieman on Wednesday, April 11, 2007, 00:13:27
I expect everyone was too busy roasting guinea pigs


Title: Still No NDA
Post by: Reg Smeeton on Wednesday, April 11, 2007, 00:23:49
Quote from: "simon pieman"
I expect everyone was too busy roasting guinea pigs


 Well VD said he was going......he seems a reliable type, so we'll see.


Title: Still No NDA
Post by: DV on Wednesday, April 11, 2007, 00:47:19
Bowden said he wasnt going to show any re-development plans at this stage.....first and foremost thats what I wanted to see......and to quote the bob holt....there is no stadium re-development plans.....nothing to see so didnt go  8)


Title: Still No NDA
Post by: flammableBen on Wednesday, April 11, 2007, 01:30:23
I know for a fact that Mike and Becky who run the gluepot weren't there. They are ace and it's a shame that they are leaving in 7 weeks time.


Title: Still No NDA
Post by: pauld on Wednesday, April 11, 2007, 09:11:37
So did anyone go? Did Bowden go? Was he sat there doing his billy no-mates impression?


Title: Still No NDA
Post by: fatbury on Wednesday, April 11, 2007, 09:56:24
I cant help but think that the NDA wont be signed ...


Title: Still No NDA
Post by: Sharky on Wednesday, April 11, 2007, 11:17:31
Quote from: "fatbury"
I cant help but think that the NDA wont be signed ...


this is very negative considering in fairness to the board, that their last statement regarding the takeover said something along the lines of no further details will be discussed publically until matters have progressed - which is basically a NDA in itself without all the trimmings.

they have no reasonnot to sign it.....if they want to seel they will sign it to make the process easier, if they don't want to sell then we wouldnt be at this point now so we wouldnt be having this debate.....its a formality as opposed to a posibility, juts a matter of how long it takes them to get on with it......you have to remember, when did they ever do much on time or right???

Not long now boys and girls and we will be moving forward.


Title: Still No NDA
Post by: sonic youth on Wednesday, April 11, 2007, 11:22:44
Quote from: "Sharky"
their last statement regarding the takeover said something along the lines of no further details will be discussed publically until matters have progressed - which is basically a NDA in itself without all the trimmings.


Not really, the signing of the NDA is vital for the process of due diligence which is in turn neccesary for making a firm, concrete and final offer.


Title: Still No NDA
Post by: Sharky on Wednesday, April 11, 2007, 11:58:01
Quote from: "sonic youth"
Quote from: "Sharky"
their last statement regarding the takeover said something along the lines of no further details will be discussed publically until matters have progressed - which is basically a NDA in itself without all the trimmings.


Not really, the signing of the NDA is vital for the process of due diligence which is in turn neccesary for making a firm, concrete and final offer.


You get my point though - they seemed keen from their last statement to point out that they dont wish to argue about it anymore and want to get on with matters rather than squabbling......which is what the NDA is for (albeit alongside its importance with the actual offer as we all know)

My point maybe was lost.....I think they DO want to talk and are simpy just idiots rather than cleverly stalling!


Title: Still No NDA
Post by: Simon Pieman on Wednesday, April 11, 2007, 14:07:07
Details of what though? Talks over an offer?

The NDA will also include loads about loans, internal procedures, budgets etc etc I expect.

Possibly why the Board have been so cagey up until now? Something to hide?


Title: Still No NDA
Post by: Phil_S on Wednesday, April 11, 2007, 14:46:55
If we knew the answer to that we'd have BP & CO in already.
If they aren't going to sign the NDA, that would constitute another lie, and they will be slaughtered