Possible legal challenge confirmed

[Pete T]

How do you spell jail? is it gaol or jail? I never quite understood how both could be in the dictionary at the same time? I wonder if anyone could enlighten me. I am truly curious as to where the J5 will end up.

[Barcroft]

Who needs John Stape and his web of aliases, lies, and skeletons, when we have the Vale board to entertain us?

[cplowe1]

My understanding is that under Company law an interim board can be in breach of the Memos and Arts as long as it means the business can continue to function in the interim. A court will only be interested that the business can continue for the benefit of the business and shareholders until a new board can be established that meets the Memo and Articles requirements not how many directors there are or how many shares they hold in the interim.

 

Any posturing or manipulating by the board shows that they do not have the clubs best interests at heart and shows up Bratts comments from last week that he will step down if voted off on Wednesday

 

The last thing, true. But, for the previous, such an interim board can do what? How long will it be in place? Can it do player's contract's can it issue shares? I'm getting fed up with sounding like a stuck record but nobody answers my questions .Crucially 1) Can an interim board be appointed? 2) If so what can an interim board do in the interim? And I am a share holder and I don't give a **** about horse racing because the queen does that. Someone just answer these ****** simple questions. Please.

[Jimmy]

How do you spell jail? is it gaol or jail? I never quite understood how both could be in the dictionary at the same time? I wonder if anyone could enlighten me. I am truly curious as to where the J5 will end up.

 

I am certain a present Director can clue them up on the comings and goings in Jail (Gaol)...;)

[grebovale]

The last thing, true. But, for the previous, such an interim board can do what? How long will it be in place? Can it do player's contract's can it issue shares? I'm getting fed up with sounding like a stuck record but nobody answers my questions .Crucially 1) Can an interim board be appointed? 2) If so what can an interim board do in the interim? And I am a share holder and I don't give a **** about horse racing because the queen does that. Someone just answer these ****** simple questions. Please.

 

Calm down mate,Ive asked loads of question's and got no answer's ,,You might not want to no some answer's ..or you might not like the answer's .. am just going with the flow ..... BA BA BA BA ..:D

[davehartshill]

Dear Valiant62,

 

Please take your lead from NLV as it is all in hand. There is much going on behind the scenes with the legal argument which cannot be shared on the forum. However it is important all shareholders who want change follow the lead of NLV and do not go off on a tangent.

 

Kind Regards

 

This post makes me think at least one board member has some kind of deal in place.

 

Cannot believe its tomorrow.

[Timothius]

The last thing, true. But, for the previous, such an interim board can do what? How long will it be in place? Can it do player's contract's can it issue shares? I'm getting fed up with sounding like a stuck record but nobody answers my questions .Crucially 1) Can an interim board be appointed? 2) If so what can an interim board do in the interim? And I am a share holder and I don't give a **** about horse racing because the queen does that. Someone just answer these ****** simple questions. Please.

 

As I understand it they are responsible for running the business so it continues as before. The interim board are to be in place until due diligence is completed for Mo's purposes (3 weeks tops) and then another egm will be called, which under company law I think you can do with 14 days notice.

 

It won't be the interim boards fault that players contracts need sorting now, it is the boards unwillingness to have stepped aside sooner that will cause problems now. Who arranges players comntracts now, the board or the CEO? Surely Perry can sort that side along with Lodey who will be involved in that side now?

[Timothius]

Company Law 2006 requirements can be seen here;

 

http://www.legislation.gov.uk/ukpga/2006/46/part/10

[WEMBLEY OF THE NORTH]

Company Law 2006 requirements can be seen here;

 

http://www.legislation.gov.uk/ukpga/2006/46/part/10

 

Are you Legal Beagle 2?

[Timothius]

Are you Legal Beagle 2?

 

No I can just use google!!

[WEMBLEY OF THE NORTH]

No I can just use google!!

 

Doh!!!!!!!!!!!!!!!!

[nowag]

A possible legal challenge to the validity of an interim Board is being flagged up by the club's solicitor:

 

http://www.thisisstaffordshire.co.uk/vale/portvalenews/Port-Vale-Legal-warning-Vale-interim-board-plan/article-3607879-detail/article.html

 

i told my mate after saturday's meeting at Badderley green wmc that Jackson will do anything & everything to stop getting throwen out ,i just hope that Malcolm Hirst has a solictor there too,

come on Mo bring in the big guns,fight fire with fire,

LB hope to see you there too

looks like a sit in is on the cards.

[bycars rob]

How do you spell jail? is it gaol or jail? I never quite understood how both could be in the dictionary at the same time? I wonder if anyone could enlighten me. I am truly curious as to where the J5 will end up.

Gaol is the English version,whereas jail is the American corruption.

[Guest TommyMac]

Apologies if this has already been discussed.

 

I believe the order of voting tomorrow is 'special resolutions' first followed by 'ordinary resolutions', ie first polls will be to remove the 24.9% maximum share ownership and also to lower the minimum number of directors from 4 to 3. This will then be followed by resolutions to remove each of the directors and vote in an interim board.

 

Doesn't this make it even more unlikely the present board members will vote for the 'special resolutions' as they will still be in the dark as to whether they themselves are going to be removed or not. I know it appears unlikely any of them will support the removal of 24.9% or lowering the number of directors but on the slight chance they would accept defeat graciously and support a smooth transition to an interim board, won't it be too late as the special resolutions will already have been voted on?

 

Is the polling order set in stone or can it be changed at this late stage?

[Stone Valiant]

Apologies if this has already been discussed.

 

I believe the order of voting tomorrow is 'special resolutions' first followed by 'ordinary resolutions', ie first polls will be to remove the 24.9% maximum share ownership and also to lower the minimum number of directors from 4 to 3. This will then be followed by resolutions to remove each of the directors and vote in an interim board.

 

Doesn't this make it even more unlikely the present board members will vote for the 'special resolutions' as they will still be in the dark as to whether they themselves are going to be removed or not. I know it appears unlikely any of them will support the removal of 24.9% or lowering the number of directors but on the slight chance they would accept defeat graciously and support a smooth transition to an interim board, won't it be too late as the special resolutions will already have been voted on?

 

Is the polling order set in stone or can it be changed at this late stage?

 

Nope! Set I'm afraid, and its standard practice to have special resiolutions at the top of the agenda