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Author Topic: Itís now or never  (Read 12012 times)
Arriba

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« Reply #150 on: Saturday, March 13, 2021, 11:58:50 »

How many times have we had a saviour in the wings to take the club over?  I don't trust anyone to be honest. We'll be in the shit again eventually. That's what stfc have done since I can remember
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The Artist Formerly Known as Audrey

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« Reply #151 on: Saturday, March 13, 2021, 12:06:58 »

Is there any reason why Clem, as a 15% shareholder in STFC, hasnít got access to the clubís financial information?
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« Reply #152 on: Saturday, March 13, 2021, 12:24:11 »

Quote from: Arriba
  I don't trust anyone to be honest.

I think that's healthy given our history.

i think it's time for change though.
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« Reply #153 on: Saturday, March 13, 2021, 12:25:33 »

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Is there any reason why Clem, as a 15% shareholder in STFC, hasnít got access to the clubís financial information?
Power won't give him access.

The question is as minor shareholder and signatory is 'does he have any legal right to access'. Which I think it's what you were asking.

Anyone?
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Simon Pieman
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« Reply #154 on: Saturday, March 13, 2021, 12:52:58 »

A shareholder has rights to see annual reports/accounts, they won't have access to other financial information.
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« Reply #155 on: Saturday, March 13, 2021, 12:56:16 »

Quote from: Simon Pieman
A shareholder has rights to see annual reports/accounts, they won't have access to other financial information.

the full accounts, or the abbreviated ones in the public domain
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Ticker45

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« Reply #156 on: Saturday, March 13, 2021, 13:04:16 »

........I was neutral on Power for years but more and more facts emerging just shows the whole way we're run as being shifty....... 

This in a nutshell.


Mr Morfuni talks the talk and on the face of it could be good for the club, but as we have never ever really been able to get solid information on the actual monetary side of things in all the years I have been a supporter, will things change?
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Red Frog
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« Reply #157 on: Saturday, March 13, 2021, 13:21:44 »

Power was always secretive and dodgy with finances, but we gave him some latitude because he always backed recruitment in previous years. Now he has no credit left in the bank, his behaviour has left him with no equity with the fans either.
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Peter Venkman
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« Reply #158 on: Saturday, March 13, 2021, 13:30:06 »

Power was always secretive and dodgy with finances, but we gave him some latitude because he always backed recruitment in previous years. Now he has no credit left in the bank, his behaviour has left him with no equity with the fans either.
Pretty much this, it was always better the devil you know, but I no longer feel that way after hearing so many bad things and Power himself saying he cant fund us any longer yet ignores a very acceptable bid, so either Clem is lying or Power is not as broke as he says or even he does not want to sell to Clem.
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The Artist Formerly Known as Audrey

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« Reply #159 on: Saturday, March 13, 2021, 13:37:27 »

A shareholder has rights to see annual reports/accounts, they won't have access to other financial information.
But STFC is a privately owned company - not a public one. We can only see what accounts Power decides to publish, but Clem is a partner, albeit a minority one, and surely should be granted full access to see the financial position his investment is in.

If not, what has his £1.1m investment actually bought him.
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Legends-Lounge

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« Reply #160 on: Saturday, March 13, 2021, 14:54:40 »

How do you know that?

I donít obviously. Equally there are Ďpubliclyí no other suitors are there? So in the absence of anything tangible my comment stands. Of course if others come to light then it puts everything we know back in the melting pot with more possibilities. Should keep us at our keyboards for a while donít ya think?
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Flashheart

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« Reply #161 on: Saturday, March 13, 2021, 14:56:02 »

So in the absence of anything tangible my comment stands.

It doesn't.

What does stand is that they may or may not be other suitors.
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Legends-Lounge

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« Reply #162 on: Saturday, March 13, 2021, 14:57:11 »

It doesn't.

What does stand is that they may or may not be other suitors.

Ďthereí if you want to be a nit picking tit.
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RedRag

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« Reply #163 on: Tuesday, March 16, 2021, 16:20:24 »

We don't know if there are other suitors.

But if there were to be any, it would be sniffing around in a "fire sale" situation.  For the "nth" time in STFC history.  The only sheikh we would attract now  would be the fake sheikh.

I have no idea but Clem has at least had a medium term interest in the club.  On that basis alone, he is leader of the pack for now.  If the Trust were to back his interest, that would be good enough for me, even if Clem's means seem less than stellar.
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Cowley38

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« Reply #164 on: Tuesday, March 16, 2021, 16:22:44 »

It doesn't.

What does stand is that they may or may not be other suitors.

And that's the bottom line, because constable Flash heart says so!!!!
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