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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 679525 times)
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« Reply #6255 on: Tuesday, September 19, 2023, 20:50:50 »

https://truststfc.com/2023/09/19/share-transfer-and-ownership-statement/?fbclid=IwAR1Pb5gpMJGs-HiiwTF2M3byCVGhTWYIM6ssnLFZwcWpChqz_MZ-44jcCLc
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Nemo
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« Reply #6256 on: Tuesday, September 19, 2023, 20:54:07 »

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.
« Last Edit: Tuesday, September 19, 2023, 21:00:34 by Nemo » Logged
oxonrobin

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« Reply #6257 on: Tuesday, September 19, 2023, 21:07:15 »

I find this bit quite reassuring

ď An example of this is Fridayís 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. Ē

So long as it isnít watered down access.
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Nemo
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« Reply #6258 on: Tuesday, September 19, 2023, 21:21:30 »

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.
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« Reply #6259 on: Tuesday, September 19, 2023, 21:23:15 »

I like the trust statement. No point in going to war. Can do more good cooperating and watching
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tans
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« Reply #6260 on: Tuesday, September 19, 2023, 21:37:10 »

Interesting
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Hyabb17

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« Reply #6261 on: Tuesday, September 19, 2023, 21:39:26 »

Interesting

That was picked up as well. Still some fabrication of the truth.
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RobertT

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« Reply #6262 on: Tuesday, September 19, 2023, 21:44:22 »

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.

I mean, quite frankly (and before someone jumps, this is not keeping me up at night or depressing me), a couple of the responses given mean one of two things - either Clem is an incompetent fuckwit when it comes to buying a business, or he's feeding complete Bullshit.  Even a basic bit of googling could have given him more then he seemed able to achieve in terms of Due Diligence for example, and he was a fucking shareholder!!

Sorry, it's clear it's not about Fans having their club back and that the Trust are seen as useful idiots to try and keep happy because that pesky Eady Trust tied them together.

Ultimately, that may make no difference - we've not been a fan owned club and we've had some shady fuckers running the joint for as long as I can remember.
« Last Edit: Tuesday, September 19, 2023, 21:46:40 by RobertT » Logged
ChalkyWhiteIsGod
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« Reply #6263 on: Tuesday, September 19, 2023, 21:48:44 »

I find this bit quite reassuring

ď An example of this is Fridayís 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. Ē

So long as it isnít watered down access.

This.

I just can't shake the feeling we're being shaken down for 'consultation fees' or the likes if we're supposedly losing money still as cost cutting measures are clearly aplenty, yet the gates are good, the ticket prices are high and the club shop is always fucking sold out of everything.
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Quagmire

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« Reply #6264 on: Tuesday, September 19, 2023, 21:48:54 »

Interesting

What am I missing here as I canít work out what the point is?
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Hyabb17

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« Reply #6265 on: Tuesday, September 19, 2023, 21:50:35 »

What am I missing here as I canít work out what the point is?

Said a month ago that the money for the shares was almost paid back, tonight this appears not to be the case.
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RobertT

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« Reply #6266 on: Tuesday, September 19, 2023, 21:50:44 »

What am I missing here as I canít work out what the point is?

Clem said he had got most of the shares back and repaid most of the loan in his follow up grovel statement when exposed as a liar and sending Rob Angus out to hang.  His response now is that he hasn't got any shares back and hadn't repaid most of the debt and doesn't see it as a priority to do so.
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Quagmire

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« Reply #6267 on: Tuesday, September 19, 2023, 21:51:40 »

Ahh, thanks chaps - long day.
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Mooneyraker

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« Reply #6268 on: Tuesday, September 19, 2023, 21:53:17 »

I mean, quite frankly (and before someone jumps, this is not keeping me up at night or depressing me), a couple of the responses given mean one of two things - either Clem is an incompetent fuckwit when it comes to buying a business, or he's feeding complete Bullshit.  Even a basic bit of googling could have given him more then he seemed able to achieve in terms of Due Diligence for example, and he was a fucking shareholder!!

Sorry, it's clear it's not about Fans having their club back and that the Trust are seen as useful idiots to try and keep happy because that pesky Eady Trust tied them together.

Ultimately, that may make no difference - we've not been a fan owned club and we've had some shady fuckers running the joint for as long as I can remember.

This is where the "Standing's frontman" argument comes to the fore IMO.

No one could be this all over the place unless there was obfuscation at play, could they?!
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skiptotheLouMacari

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« Reply #6269 on: Tuesday, September 19, 2023, 21:58:00 »

I'm lost.
Does Michael Standing have money?
If down the line he becomes the owner is it an issue?
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