EGM to be called

[Bede]

Would they still have 31 percent with Thompstone and Humphreys leaving the board though? They could well now be with us. What kind of share holding do they have? And would it give a good percentage swing in our favour, if they were to vote against the current board?

 

I think the percentage of the board is currently 28%

[grebovale]

I've had worse insults!

 

Behave,am a SENILE OLD GIT ....:D ... see what I mean I red your post wrong ....

[Animal]

As much as I want the board gone, and the EGM is a great way forward, I think its a crazy idea for one man one vote. If that was the way the club was run, then it would be an even bigger barrier to investment that the crazy 24.9% rule. Who would invest £5 million if they only get the same power as someone who has £50 worth. Its the same logic that shows why anyone would be crazy to invest their money into the club and allow V2001 to stay in place. And as much as I support Mo and LB, if he does invest £1.2 million, I don't for one minute expect a £50 shareholder to be given the same amount of power as himself.

Great move to keep up the pressure, and show the shareholders wishes, but anything other than One share one vote will leave the process open to criticism. We have to give them no way out. Its an all or nothing tactic, but thats where we are.

 

I think the ethos of a supporter owned club makes it a bit different though...I think the articles were originally supposed to stipulate one man one vote but they cocked up when drafting them up...if mo takes over we are moving away from that ethos and voting based on shares makes sense.

[Fosse69]

If I owned £50'000 worth of shares I would want more input than that of 999 people who own £50 worth each. Even in a 999/1 voting situation if the one owns more isn't it fair that the one person should get the overall decision due to a larger investment in total?

 

All this confuses me a bit.

 

Not at all, V2001 founder members gave what they could afford to save the club, whether it was £500 or £5000, it all added up. V2001 ethos was democracy, each fan was just as important as another, thier opinion or vote just as important. Could well have carried on but for Paladini and Jackson, we will not know.

[Howjy04]

Would they still have 31 percent with Thompstone and Humphreys leaving the board though? They could well now be with us. What kind of share holding do they have? And would it give a good percentage swing in our favour, if they were to vote against the current board?

 

Less than 31% now and even more reduced if Mudie can't use the Broxap proxy that's assuming Broxap vote against the board ( hopefully)

[simonstores]

I think that with the poll indicating a massive no confidence in the board I cannot understand why they think another poll will change that. It will just waste time and money. Surely if the board really do care about the wishes of the shareholders and supporters who incidentally actually put them there then they should now do the honourable thing and stand aside. To stay on only shows how little they appreciate the feelings of the shareholders/supporters and will only confirm what most feel and that is this is nothing to do with the best interests of PVFC but to protect their positions. If you are a real man Bill do the honourable thing and resign along with the other board members.

[WV]

Not at all, V2001 founder members gave what they could afford to save the club, whether it was £500 or £5000, it all added up. V2001 ethos was democracy, each fan was just as important as another, thier opinion or vote just as important. Could well have carried on but for Paladini and Jackson, we will not know.

 

Read AndyRegs post.

[Rampant Zebra]

As much as I want the board gone, and the EGM is a great way forward, I think its a crazy idea for one man one vote. If that was the way the club was run, then it would be an even bigger barrier to investment that the crazy 24.9% rule. Who would invest £5 million if they only get the same power as someone who has £50 worth. Its the same logic that shows why anyone would be crazy to invest their money into the club and allow V2001 to stay in place. And as much as I support Mo and LB, if he does invest £1.2 million, I don't for one minute expect a £50 shareholder to be given the same amount of power as himself.

Great move to keep up the pressure, and show the shareholders wishes, but anything other than One share one vote will leave the process open to criticism. We have to give them no way out. Its an all or nothing tactic, but thats where we are.

 

I think that if Mo gets 51% he will make all the decisions without consulting any of the other shareholders, that is why he wants 51%, that is the minimum to gain control.

[CAVALIER]

Phil Taylor is the key to this. He supports Vale, he supports Mo and he's always on about him and RW being mates. End of.

The Board must be shi-tting themselves.

[Fosse69]

What's the betting there's a block on shares sales for the next few weeks .

 

Depends on whose advantage it is to. I would hope that share sales are suspended as soon as the EGM letter is presented.

[Howjy04]

I think that if Mo gets 51% he will make all the decisions without consulting any of the other shareholders, that is why he wants 51%, that is the minimum to gain control.

 

And you can sell your shares to him aswell if you like.a win win situation.======

[Andyregs]

Read AndyRegs post.

 

Ey up Einstein! Welcome back! ;)

 

I think that if Mo gets 51% he will make all the decisions without consulting any of the other shareholders, that is why he wants 51%, that is the minimum to gain control.

 

And considering he will be investing the same amount as every other current shareholder put together, then that would be fair. There would still be a certain level of protection that having a large number of minority shareholders will provide. But one man calling the shots who is a proven business man, with a good team behind him, is surely better than the working mens committee style of running the club we have now.

[Howjy04]

Phil Taylor is the key to this. He supports Vale, he supports Mo and he's always on about him and RW being mates. End of.

The Board must be shi-tting themselves.

 

I think you are right .Christ how good would it be if Robbie jumped on board.would the board sell shares to Phil ,I don't think so which makes it all the more galling .

[vale in the blood]

im no expert on EGMs so correct me if im wrong....but from what im reading...it sounds like we got no chance of removing these parasites with this egm...as i had assumed once we got one called...there days were numbered.?

Ive gone from excited...to depressed in 2 mins flat...hope im reading all this...so please could you explain if this will work?...and if they remain...what then?...and what do we expect to happen?

[Fosse69]

I think that if Mo gets 51% he will make all the decisions without consulting any of the other shareholders, that is why he wants 51%, that is the minimum to gain control.

 

Not true, he will have a board of directors some with shares, remember he is a businessman not a football fan. He may catch the Vale bug, who knows? Other investors could come in once the present lot are gone, which would dilute his control.