If SEO works...then what?

[Birches Head Fred]

Not if the club enters administration - then v2001 is not in charge it's the administrator. They sell to who they feel gives the best return to the creditors, so that won't be Mo as he won't pay over the odds for the club. If no one buys then Port Vale FC folds.

 

No where in the original post is Admin mentioned, that would be a seperate issue. Neither is Mo mentioned in the original post, why do we keep bringing Mo into the equation?

[Tosh]

 

I thought he was a "yes" man. Says what you want to hear, when you want to hear it...Bratty loves those sort.

 

That seems to be the kind of feedback I get from fans that have spoken to him, Bratt would love that 'cus he's pretty much the same!:)

[Jacko51]

Not if the club enters administration - then v2001 is not in charge it's the administrator. They sell to who they feel gives the best return to the creditors, so that won't be Mo as he won't pay over the odds for the club. If no one buys then Port Vale FC folds.

 

But the question wasn't about administration, it was about what happens if the 3 directors resign. And no one in their right mind would pay over the odds for the club if it went into admin - that's where V2001 went wrong all those years ago.

 

It's interesting though that the argument about Mo Chaudry has now changed from "he wants the club to go into admin so he can get it on the cheap" to "if it goes into admin he won't buy it because it won't be cheap"!

[Simcity47]

Surely if you are as 'fed up' as you say then you also know that none of us has a crystal ball.

Like Jacko says, we can't be sure that Mo, if he were to gain control, would be a success, just like we could not be sure of Mike Newton, the yanks, English, Robbie Williams or anyone else for that matter.

 

However what we can be fairly sure of is that this board have manipulated themselves into an almost 'God-like' position of ultimate power.

Power they seem hell bent on keeping at any cost to loyal fans of many many years, fans who have sen worse times than this, and better too.

 

Mo may not be the answer, but I firmly believe we have a better chance of the 'good times' with these three board members gone, that's in essence what most in SEO believe (in my opinion). Wether Mo were to take over or someone else who knows, until these 3 go we will never find out.

 

I agree with what you say - and pretty much nailed what i wanted to say originally. SEO will work, because the club cant survive without the abstainers.

[markymark]

No where in the original post is Admin mentioned, that would be a seperate issue. Neither is Mo mentioned in the original post, why do we keep bringing Mo into the equation?

 

Well if SEO works then filing for Administration will be the only option. You can't trade insolvent - so that means administration an taking the control away from everyone.

 

Surly if people on here are right about the board, then they would choose this route rather than sell and admit defeat to an investor like Mo.

 

They could even then form a new group and buy it back as their Directors loans would make them creditors and a vote on who it's sold to.

[Jacko51]

Well if SEO works then filing for Administration will be the only option. You can't trade insolvent - so that means administration an taking the control away from everyone.

 

Surly if people on here are right about the board, then they would choose this route rather than sell and admit defeat to an investor like Mo.

 

They could even then form a new group and buy it back as their Directors loans would make them creditors and a vote on who it's sold to.

 

What directors' loans??

[markymark]

But the point is that if SEO works then it could in all possibly be administration.

 

That is a fact that we all have to admit and face up to. Then it all comes down to who wants the club and how much they will pay. Property developers will make offers - we know this were they not part of the groups bidding last time as well?

[Birches Head Fred]

Well if SEO works then filing for Administration will be the only option. You can't trade insolvent - so that means administration an taking the control away from everyone.

 

Surly if people on here are right about the board, then they would choose this route rather than sell and admit defeat to an investor like Mo.

 

They could even then form a new group and buy it back as their Directors loans would make them creditors and a vote on who it's sold to.

 

Why would it lead to admin, if the three Amigo's quit tomorrow on Saturday morning there would be a queue right down to the Bulls Head of Vale fans waiting to purchase Season Tickets, shares, goods/merchandise at the shop.

The money is there, the people are there, the problem is, they won't move whilst the board are there!

[markymark]

What directors' loans??

 

Don't we have any? Appologies if wrong, but I was under the impression we have some, along with other secured creditor loans.

[BIRCHES HEAD WHITES]

marky mark , come on spill the beans then, which director has loaned pvfc money ?

[markymark]

Why would it lead to admin, if the three Amigo's quit tomorrow on Saturday morning there would be a queue right down to the Bulls Head of Vale fans waiting to purchase Season Tickets, shares, goods/merchandise at the shop.

The money is there, the people are there, the problem is, they won't move whilst the board are there!

 

Doesn't work like that though. IF the club ran out of cash flow and became insolvent - it cant trade. That means they have to file for administration.

 

Once that process starts, it's a set system. You can buy all the tickets you want, but it's still administration. It's like TJ Hughes they had record cash flows as soon as they announced administration, but the administrator has a set system and process to go through once the ball starts rolling.

[webby231]

Im a tad confused.

 

There is an active SEO campaign, to remove the final members of the board. Assuming this is successful, who would take over then? What happens to the running of the club?

 

There is no credible interested parties - and there is not enough money for a supporter run club with NLV/Simms etc..so where does that leave us?

 

would the phrase "frying pan and fire" be apt?

 

I wouldn't worry cause its not going to work anyway.

[Jacko51]

Don't we have any? Appologies if wrong, but I was under the impression we have some, along with other secured creditor loans.

 

None of the directors have any loans in the club as far as I am aware, unless they have done so since the last Accounts were published - which I doubt.

[sunny boslem]

None of the directors have any loans in the club as far as I am aware, unless they have done so since the last Accounts were published - which I doubt.

 

how can they have loans they dont put nothing in just take out

[markymark]

marky mark , come on spill the beans then, which director has loaned pvfc money ?

 

Maybe we havent, could all be share capital that is invested. I could be confusing the Mo directors loans issue here.