Liquidators

[Trentham Lakes Valiant]

He promised no such thing, as you well know.

 

He said he planned to.

 

I might tell my wife I plan on taking her out for a meal. That is in no way a promise to do so.

 

Except he didn't did he? Does anyone really believe he ever planned to invest £50,000 of his own money in the Vale?

 

Indeed. What plans did he make? If none, then that is at best misleading. Smacks of 'purchased'.

[George]

Except he didn't did he? Does anyone really believe he ever planned to invest £50,000 of his own money in the Vale?

 

That is irrelevant in this context. Birdy said he promised to invest. I just pointed out that he made no such promise.

[George]

Indeed. What plans did he make? If none, then that is at best misleading. Smacks of 'purchased'.

 

There is a world of difference between saying you plan to purchase something and actually claiming you have purchased it. Even YOU can see that!

[Jacko51]

There is a world of difference between saying you plan to purchase something and actually claiming you have purchased it. Even YOU can see that!

 

They can be equally misleading in the context they were stated though.

[VantaaVale]

The Start

 

The End

 

Distinctly two different tones there. But the key line to me about buying shares is this one.

 

I will take stock when the club has stabilised, but I'd be willing to buy shares if it was the right thing to do.

[George]

They can be equally misleading in the context they were stated though.

 

Depends how easily you are mislead.

 

No one can prove or disprove whether someone plans to do something. However you can prove/disprove whether they've actually done it.

 

Genuine question, as I can't remember, did Adams make this promise/pledge/intention/indication of potential plan before or after he was actually voted on to the board?

[George]

The Start

 

The End

 

Distinctly two different tones there. But the key line to me about buying shares is this one.

 

 

Is that a quote from Adams? If so, in no way shape or form can that be misconstrued as a PROMISE to purchase shares.

[VantaaVale]

Is that a quote from Adams? If so, in no way shape or form can that be misconstrued as a PROMISE to purchase shares.

 

That's how I read it. I don't take that as a promise either. However, he shouldn't have mentioned it at all imo and maybe the only reason he did do that (and I'm guessing here) is that he knew there was major resistance against his appointment as a director.

[George]

That's how I read it. I don't take that as a promise either. However, he shouldn't have mentioned it at all imo and maybe the only reason he did do that (and I'm guessing here) is that he knew there was major resistance against his appointment as a director.

 

Yea I agree. He was very unwise.

 

You also answered my other question, he made this statement BEFORE he was appointed, so could be considered misleading to those easily led.

[VantaaVale]

Besides Adams standing for director, the other annoyance was that it was Stan Meigh that sponsored it, just days after he was relieved of his director's position. It really made the EGM vote pointless, and I do wonder how much influence / contact with the board Stan Meigh had. Was it, in reality, any less than when he was a director?

[Hagrid]

http://www.thisisstaffordshire.co.uk/Port-Vale-Adams-relieved-surrender-boardroom/story-13885928-detail/story.html#axzz2ZiZDNfn7

 

Micky said

 

I’m proud to be manager, and I invested too much time and energy being on the board too. I felt slightly uncomfortable with it all

 

If he invested that much time and energy in the board, surely he would have seen the stuff going on?

[fairportnick]

http://www.thisisstaffordshire.co.uk/Port-Vale-Adams-relieved-surrender-boardroom/story-13885928-detail/story.html#axzz2ZiZDNfn7

 

Micky said

 

I’m proud to be manager, and I invested too much time and energy being on the board too. I felt slightly uncomfortable with it all

 

If he invested that much time and energy in the board, surely he would have seen the stuff going on?

 

Well spotted.

[fairportnick]

Depends how easily you are mislead.

 

 

If you went to the meetings where Mike Lloyd explained that £8m was going to pass through Vales account you would realise how easy it is.Very few people thought it through (thank Cliff some did) and most accepted it unconditionally and whats more they still criticise those who engage their brains occasionally.

[bookworm]

Yea I agree. He was very unwise.

 

You also answered my other question, he made this statement BEFORE he was appointed, so could be considered misleading to those easily led.

I don't think it was that misleading, it was a statement of intent as when and if the club stabilised,it never did so he wasn't bound by it and if it was the right thing to do which under the circumstances clearly wasn't then it was just a sound byte to say that it was a course of action that he might take if a certain set of circumstances happened to fall into place.Just like saying that i'll invest in the city when Longton becomes a seaport.Most thinking supporters ignored it because it was obvious that under the regime in position at the time, it wasn't going to happen. A financial black hole was getting bigger by the day and although micky may be thought daft,he wasn't that daft and conjecture on these points will be talked about for years to come.

[VantaaVale]

I don't think it was that misleading, it was a statement of intent as when and if the club stabilised,it never did so he wasn't bound by it and if it was the right thing to do which under the circumstances clearly wasn't then it was just a sound byte to say that it was a course of action that he might take if a certain set of circumstances happened to fall into place.Just like saying that i'll invest in the city when Longton becomes a seaport.Most thinking supporters ignored it because it was obvious that under the regime in position at the time, it wasn't going to happen. A financial black hole was getting bigger by the day and although micky may be thought daft,he wasn't that daft and conjecture on these points will be talked about for years to come.

 

Yes, maybe. However, if we look at the timeline...

 

Adams said he may invest 50K if the club stabilised.

 

Vale announce 8 million quid investment from Blue Sky, which in my view would definitely have stabilised the club. Plus the 350K that Miller and Deakin implied they'd invested.

 

Adams still didn't invest and on more than one occasion asked it to be minuted that he offered his resignation.