Dead shares

[Fosse69]

Is Micky going to buy Dead Shares?

[jon_1983]

This video sums it up for me. So much hope in the room. I just simply can't believe what's happened

some other good videos of the day from the portvaleonline team.

[Spunk Trumpet]

This video sums it up for me. So much hope in the room. I just simply can't believe what's happened

some other good videos of the day from the portvaleonline team.

 

Who shat on Perry Deakins head?

[jon_1983]

Who shat on Perry Deakins head?

 

I think he was the test subject for Rooney's hair transplant

[old sage]

Who shat on Perry Deakins head?

 

I would if I could!

[old sage]

Well said SV although it is what many of us already knew but if it converts just one of Bratt's groupies it was worth posting.

In a nutshell if Adams gets in and Ameriturf invest that 52% so your shares and votes are totally worthless.

I am ashamed to say it but a thicko like Bratt and his evil '**** Dastardly' Jacko has stitched the shareholders up like 'kippers'

[Heron X Valiant]

Something I've been mulling over for a while and I'm happy to be shot down, but as buying shares seems to be a futile exercise would it be worth Mo acquiring some of the clubs debt in order to get some leverage? It might result in putting the club into administration which IMHO is probably the only way to shift these leeches but equally if he owned enough of the debt he might force them to convert it into equity, enough to shift them.

[Fosse69]

Something I've been mulling over for a while and I'm happy to be shot down, but as buying shares seems to be a futile exercise would it be worth Mo acquiring some of the clubs debt in order to get some leverage? It might result in putting the club into administration which IMHO is probably the only way to shift these leeches but equally if he owned enough of the debt he might force them to convert it into equity, enough to shift them.

 

Not for sale? Is he a Vale fan? Same board response

[Heron X Valiant]

Not for sale? Is he a Vale fan? Same board response

 

But he would be purchasing debt from existing creditors, so the slime balls would have no say over it. It's like British banks buying dodgy debts from US mortgage companies. For example buying the loan from the City Council. I think it's partly the way the Yanks were shifted from Liverpool.

[Fosse69]

But he would be purchasing debt from existing creditors, so the slime balls would have no say over it. It's like British banks buying dodgy debts from US mortgage companies. For example buying the loan from the City Council. I think it's partly the way the Yanks were shifted from Liverpool.

 

Great, one for the future if we get no joy in the next few months.

[Heron X Valiant]

Great, one for the future if we get no joy in the next few months.

 

I agree it has to be a weapon of last resort.

[Stone Valiant]

It seems to be that the current boards policies have always operated by the use of "Dead Shares". The methods is this;

 

Limit share ownership to 24.9% thus enhancing the view that no one person can own the company.

 

For the ease of maths, lets say that there are 1,000,000 shares.

 

You and your 4 buddies own 24.9% = 249,000 shares

You sell 510,000 shares to organisations that have no political interest in voting on the directors at a club, or for whom there would be a conflict of interest. These are the dead shares

The remaining 241,000 shares you can sell to whoever you like, it doesn't matter, because at the end of the day the only active shares are their 249,000 shares vs your 241,000. They will have a monopoly and always win because of those dead shares

 

For Port Vale, dead shares have been sold in the past to Robbie Williams (not so dead anymore, ta RW :cool:), but now there are additional dead shares with Broxap and plans for more with Ameriturf and now MA.

 

Do you see, the Jackson 5 don't need those people to vote for them, or have a seat on the board. As long as they aquire shares and do nothing with them, they are giving authoritarian rule to the Jackson 5.

 

This was why all those years ago P Jackson was claimed to have said to Mo, "Why invest your own money when you can get others to invest and take all the risk for you?"

 

The sleeping shareholders with their dead shares need to be made to realise they are being used as pawns here to make a mockery of this being a fans owned club.

 

I tell you now, this has always been the policy of the Jackson 5, and it always will!!!!

 

But of course, who says who can buy new shares? The current board!

 

This is rapidly looking as thought Starve 'em out is the only way and I NEVER thought I would say that!

 

Given the AGS announcement with confirmation that this was Bill Bratt who wanted this to be a share deal, I wonderered if any pro-boarders had any thoughts on this and the continued statements from the 3 amigos that this is a fan run club when they are quite prepared to sell off as much as they can to parties who have no interest in Port Vale other than as a financial repository?