Update please

[MrSmithPVFC]

I base my guestimate on £'s

 

Board = £330,000

Anti-board=£200,000 (this is how many replied to NLV's request for calling EGM, so I'd say it's about how many will turn up and vote against board.)

Pro-Board=£50,000 (gone for 1/5 of egm attendandts being pro-board)

Big shareholders like broxap, ex directors etc=£100,000 (I reckon Mo + LB been doing some ear bending here)

RW=£250k

 

I reckon we we need RW or RIP Port Vale

[Jacko51]

The board have 28% take away robbies 24.9% that leaves 47.1% in favour of nlv only if all other fans back them. I work with a bloke who's mates with Bratt and got £15,000 in shares and he ain't on the board on I've spoke to him and he won't change his mind. So the outcome is simple no robbie no win

 

You're not the only one who's spoken to him!

[timvalefan]

the % figure is only based on votes made, not the total shareholding

 

You need 51% of the votes made on the day

 

Who will be counting the votes? Do we trust them?(stupid question).

[valiantms]

So if we first figure out what percentage of shares people own

 

Board 28%

Robbie 25% (or close enough)

Small shareholders/fans 47%

 

Now, if Robbie abstains the percentages change to (as in votes cast on the day)

 

Board 37.3%

Small shareholders/fans 62.7%

 

If we then take into account that some small shareholders/fans will also abstain (or not be able to attend) and for logical reasons we will assume that NLV shareholder survey a few months ago gave a reasonable figure of 70% of replies, which we will use to calculate the shares that will actually get used on the day. We will also assume that no board members will abstain or split. This will not only decrease the amount of shares held/used by small shareholders/fans, but will increase the boards percentage.

 

Board 56.1%

Shareholders/fans 43.9%

 

We need a turn out of roughly 85% of the small shareholders/fans AND for them to ALL vote against the board. Giving 53% against the board.

 

If we get a 100% turn out for small shareholders, we would still actually need 85% of them to vote against the board. Again giving 53% against the board.

 

It will be close, less than 5-8% in it in my opinion. But I am very doubtful we will actually shift this board from our club. Any other club and I would think they would do the decent thing and realise that even if the won the EGM the majority of fans (not the majority of shares) are unhappy with what is going on and step down, but these lot will see this as having the backing of the fans, when in reality it is just the backing of themselves.

 

Feel free to check the maths someone, double checking wouldn't hurt though.

[MrSmithPVFC]

we will assume that NLV shareholder survey a few months ago gave a reasonable figure of 70% of replies

IIRC it was actually 40ish%

[Fosse69]

So if we first figure out what percentage of shares people own

 

Board 28%

Robbie 25% (or close enough)

Small shareholders/fans 47%

 

Now, if Robbie abstains the percentages change to (as in votes cast on the day)

 

Board 37.3%

Small shareholders/fans 62.7%

 

If we then take into account that some small shareholders/fans will also abstain (or not be able to attend) and for logical reasons we will assume that NLV shareholder survey a few months ago gave a reasonable figure of 70% of replies, which we will use to calculate the shares that will actually get used on the day. We will also assume that no board members will abstain or split. This will not only decrease the amount of shares held/used by small shareholders/fans, but will increase the boards percentage.

 

Board 56.1%

Shareholders/fans 43.9%

 

We need a turn out of roughly 85% of the small shareholders/fans AND for them to ALL vote against the board. Giving 53% against the board.

 

If we get a 100% turn out for small shareholders, we would still actually need 85% of them to vote against the board. Again giving 53% against the board.

 

It will be close, less than 5-8% in it in my opinion. But I am very doubtful we will actually shift this board from our club. Any other club and I would think they would do the decent thing and realise that even if the won the EGM the majority of fans (not the majority of shares) are unhappy with what is going on and step down, but these lot will see this as having the backing of the fans, when in reality it is just the backing of themselves.

 

Feel free to check the maths someone, double checking wouldn't hurt though.

 

I like that expression "backing themselves" sums them up perfectly, and all the time they spout "Let the fans decide"