Board Statement

[Fred Elliot]

First post on here I think.

I do read it everyday though.

Can someone please tell me how much Power is prepared to put into our club? I'm sick of this whole business and in all honesty I don't really trust ANY millionaire on the board or off it. This seems to be turning into a dirty little fight that will do the club no good.

I don't trust the board but how can I trust Power if he's threatening to do things that might bankrupt our club ..... or have I misunderstood something.

I'm a bit worried about the religious zeal of the Power supporters as well.

I want to believe that Power is our saviour ...... can someone convince me please.

Plenty here Red

www.truststfc.co.uk

[Fred Elliot]

can anyone prove that what the board says is totally lies.

They claim they have signed the NDA, can anyone prove that they havent

nobody has signed the NDA because Power refuses to sign it when it puts him in a position whereby the club can essentially go "haha, you fool!" and refuse to negotiate with him whatsoever, leaving him with some worthless shares.

Yes, and opening themselves up to litigation and all the skeletons tumbling out of the closet.

As an aside, pending litigation MUST BE divulged to any potential investor in any business !!!!

How is that going to sit with our new investor, Sir Windy Miller OBE of the borough of Trumpton and Camblewick Green.

[glos_robin]

can anyone prove that what the board says is totally lies.

They claim they have signed the NDA, can anyone prove that they havent

nobody has signed the NDA because Power refuses to sign it when it puts him in a position whereby the club can essentially go "haha, you fool!" and refuse to negotiate with him whatsoever, leaving him with some worthless shares.

Agreed......if Power signed the NDA with that clause in it then effectively Diamandis could just say we don't want to negotiate with you but now you've signed the NDA your 1.2 million poorer, thanks for the money!

[Fred Elliot]

then any takeover bid has to be considered? or something to that effect anyway

Convoluted I admit

But the Judge will give directions as to the best way to appease the plaintiff or other creditors. They are duty bound to do that.

If the Judge is aware of a rescue package that would alleviate the burden and keep the business afloat, therefore satisfying both creditors and ongoing cashflow (the supporters) alike then he would give directions to that effect

[yeo]

I'm a bit worried about the religious zeal of the Power supporters as well.

 .

  I like that  and I know what you mean

[sonic youth]

Can someone please tell me how much Power is prepared to put into our club? I'm sick of this whole business and in all honesty I don't really trust ANY millionaire on the board or off it. This seems to be turning into a dirty little fight that will do the club no good.

Bill has put £1.2m into the club already in the form of a loan - to pay off King and the tax man supposedly - presumably under the impression that he would remain at the club for longer than he did. Naturally, nobody could predict the plane crash and the ensuing events.

Power isn't mega mega monster rich, but he has pledged to pay over the odds for the club as well as clearing all outstanding debts, including the looming CVA bullet payment which the club have by their own admission are unable to pay. There's an excellent outline of the Consortium's aim on the Trust website, which you can see here.

I don't trust the board but how can I trust Power if he's threatening to do things that might bankrupt our club ..... or have I misunderstood something.

Any legal action will be as a means to an end of ousting the current board and completing the takeover, Bill's got a huge respect towards the fans of this football club and regardless what the board might say, I can't see why he'd want to see this football club dead. We're essentially bankrupt as it is, I'm sure someone with a bit more financial nous than I will be able to elaborate on that?

I'm a bit worried about the religious zeal of the Power supporters as well.

not sure how to respond to this, but having met the man personally I firmly believe he's the man to take STFC forward - the direction we were heading in this time last year before everything went tits up.

[spacey]

I'm a bit worried about the religious zeal of the Power supporters as well.

 .

  I like that  and I know what you mean

Burn the heretic!!

[sonic youth]

I'm a bit worried about the religious zeal of the Power supporters as well.

 .

  I like that  and I know what you mean

http://www.bbc.co.uk/wiltshire/content/images/2006/04/27/bill_power_203_203x152.jpg

look at the man, is it any wonder we worship him?

[Frigby Daser]

Over the moon that we can now see what the club have - bugger all. the lame rhetoric and utter bullshit they spout will be there for all to see - the fact we can even pick holes in their defence, that they've no doubt been pondering all day over, speaks volumes.

There's only one way this'll go - and I can't wait to wave them off the premises

[Batch]

Looks like the talking is over, bring on the court case then and end it.

[glos_robin]

I'm a bit worried about the religious zeal of the Power supporters as well.

 .

  I like that  and I know what you mean

http://www.bbc.co.uk/wiltshire/content/images/2006/04/27/bill_power_203_203x152.jpg

look at the man, is it any wonder we worship him?

can you put a similar picture of Diamandis next to that just to show why we hate him  

[Simon Pieman]

Put it this way, Bill Power knows he has no chance of recovering his money. This legal threat is to get the current owners to play ball.

And who can blame him? Essentially the Board are asking the Consortium to pay an extra £1.2m before they've even seen the books!

[Frigby Daser]

can anyone prove that what the board says is totally lies.

They claim they have signed the NDA, can anyone prove that they havent

nobody has signed the NDA because Power refuses to sign it when it puts him in a position whereby the club can essentially go "haha, you fool!" and refuse to negotiate with him whatsoever, leaving him with some worthless shares.

Yes, and opening themselves up to litigation and all the skeletons tumbling out of the closet.

As an aside, pending litigation MUST BE divulged to any potential investor in any business !!!!

How is that going to sit with our new investor, Sir Windy Miller OBE of the borough of Trumpton and Camblewick Green.

Not exactly - depends on the agreement - but it's a standard clause. It'll be disclosed and the club will claim they will fight it in good faith. then  it's down to our investor to judge for himself the chances of BP succeeding.

[yeo]

http://img.photobucket.com/albums/v365/robus1971/normal_yeovil1.jpg

The Wrath of God

[Fred Elliot]

then  it's down to our investor to judge for himself the chances of BP succeeding.

   

Good one

Thats exactly the point I was trying to make