Suport the board

[STFC Bart]

Rob you are quite correct.

This may be the avenue we have to go down to get them out. it will not  take much to convince the inland revenue i dont think with the track record of our board in paying the bills,

[Reg Smeeton]

Back in 93/94 ish they nearly (if not did) have a majority shareholding in the club.  Very few shares issued at that time though.  Remember having a few years worth of accounts while doing a HND project.  They were not exactly rosy, but it's quite interesting to think that revenue is currently around the same level still (or maybe even lower than then).

  Nick Arkell went in March 92......Ken Chapman who was another with grand schemes and from memory had a planning consultancy in  Wroughton, went in Oct 91.

  In May 92 Mike Spearman was majority shareholder with 10,360....SSW acquired 5400 from a previous shareholding in June 91 of zero.

  Rikki as an associate director from Burmah the sponsor had 1 share.

[Bushey Boy]

I will send an email to canada, after all the guy is from swindon, when I met him last year he was in excess of having done this to 100 companies, another reason why I really should get on with family

[ron dodgers]

just ask this guy about the cva payment - he should know
a.andronikou@uhy-uk.com

[millom red]

Can i just point out Flash Gordon that the Trust have supported Janaage(RH) in the orange revolution idea. The trust and therefore the 7-800 members (and growing) are showing support for the consortiums bid for the club. If the consortium is succesfull in it's efforts to rid the club of the incumbent leeches, then the members of the trust(in agreement with the consortium) will democraticaly elect a member of the trust to the new board as a fans board member to provide transparancy to fans with regard to what goes on behind the scenes on all levels.

Now then Flash, wheres is your problem with that?

Millom

Surely it would be ALL supporters groups? I don't think it would be a good idea to have the supporters board member chosen by just the trust.

Sounds a little selective and could piss some supporters off.

I stand corrected Hertha. I should have included other supporter's groups in that post. Sorry.

[Lumps]

Im not in favour of the board, i am just wary of what could happen to us with the consortium takes over, i would prefer for us to stay with the current board til we find a better alternative.

Such as? The choice at the moment is between a consortium which has the financial backing to take on the club's liabilities, ensure the Wills family a decent exit if they want it, although everyone would prefer they remain involved, but either way to make sure they don't lose it, and take the club forward; or a board which hasn't paid the last CVA payment and has admitted it has no chance of paying the remainder when it falls due (but seem to have some kind of fantasy about rescheduling it into 10 payments of £100k, which is never going to happen as the creditors will not allow it). Or put another way between a consortium which has come up with the first credible, widely welcomed plan for a ground redevelopment in years; as against a board that has spent 5 years producing unrealistic plans then blaming the council (who they need to partner with) to succeed. Between a fans' consortium which is committed to openness and transparency, backed up by a supporter-director elected by fans, or a board which has consistently misled AGMs as to the true financial state of the club.

Where do you think your "better alternative" is going to come from? If there is one, I'd welcome it too, but I have to say the package on offer is a good one for the club and the fans and is unlikely to be bettered. And while we're waiting around for your alternative on the never-never, the clock's ticking on £1m quid's worth of CVA due in June. One hell of a gamble you're taking there - I want to see our club safe and on course for a stable and successful future.

God knows I'm the last person that would want to set myself up as looking like a  :arsekisser: (as it's a phrase I fear that I may have undeservedly thrown in your direction over that last month or so), but I have to say that this post provides the most succinct summary of the current situation I've come across. Shame there's a few people that aren't interested in listening to a retional exposition of the facts.

[red macca]

Im not in favour of the board, i am just wary of what could happen to us with the consortium takes over, i would prefer for us to stay with the current board til we find a better alternative.

Such as? The choice at the moment is between a consortium which has the financial backing to take on the club's liabilities, ensure the Wills family a decent exit if they want it, although everyone would prefer they remain involved, but either way to make sure they don't lose it, and take the club forward; or a board which hasn't paid the last CVA payment and has admitted it has no chance of paying the remainder when it falls due (but seem to have some kind of fantasy about rescheduling it into 10 payments of £100k, which is never going to happen as the creditors will not allow it). Or put another way between a consortium which has come up with the first credible, widely welcomed plan for a ground redevelopment in years; as against a board that has spent 5 years producing unrealistic plans then blaming the council (who they need to partner with) to succeed. Between a fans' consortium which is committed to openness and transparency, backed up by a supporter-director elected by fans, or a board which has consistently misled AGMs as to the true financial state of the club.

Where do you think your "better alternative" is going to come from? If there is one, I'd welcome it too, but I have to say the package on offer is a good one for the club and the fans and is unlikely to be bettered. And while we're waiting around for your alternative on the never-never, the clock's ticking on £1m quid's worth of CVA due in June. One hell of a gamble you're taking there - I want to see our club safe and on course for a stable and successful future.

God knows I'm the last person that would want to set myself up as looking like a  :arsekisser: (as it's a phrase I fear that I may have undeservedly thrown in your direction over that last month or so), but I have to say that this postI've come across. Shame there's a few people that aren't intereste provides the most succinct summary of the current situation d in listening to a retional exposition of the facts.

Im willing to listen,Please explain