Breaking news!!!

[VantaaVale]

Mark is playing this right. There's no point to just go on the board when he knows he has no chance of making change happen. Oliver and Bratt to resign. No other options.

[Stone Valiant]

I presume that if it was put up for sale then Mo would be able to purchase it. I suppose it allows any other possibilities to be looked into. Who knows there may be an even better option, and he is doing the right thing by allowing this possibility.

Has this actually bee reported on? I have had RS on since 4.25 and heard nothing?

 

I asked Mo at BGWMC if he would consider going into the purchase with other groups or parties to make it a consortium, whether they be new purchasers, or previous intendees, e.g. Newton. He gave a one word answer, "Yes!"

[AVIM]

If the club is put up for sale, what will the shareholders accept? 2.5m - 3m for all the assets would be enough to clear all debts and wind down v2001? 5m to clear debts and get their money back at 5 quid a share?

 

Who will pay 5m? Will Mo? Lets hope so.

[Jimmy]

I'm missing my first home game at the start of a season for 14 years..... Is that news?

 

Betley show here i come !

 

You might go yet.......;)

[Phil.j.B]

If the club is put up for sale, what will the shareholders accept? 2.5m - 3m for all the assets would be enough to clear all debts and wind down v2001? 5m to clear debts and get their money back at 5 quid a share?

 

Who will pay 5m? Will Mo? Lets hope so.

 

That is not a realistic scenario and well you know it, doom-monger.

[Stone Valiant]

If the club is put up for sale, what will the shareholders accept? 2.5m - 3m for all the assets would be enough to clear all debts and wind down v2001? 5m to clear debts and get their money back at 5 quid a share?

 

Who will pay 5m? Will Mo? Lets hope so.

 

Mo's original proposal did not actually include the winding down of V2001, merely that he would aquire 50.1% of the club and V2001 the other 49.9%

 

This is the great irony! Under the original proposal, the board members could wellhave (or some of them) retained their board positions.

 

Mo was never looking to aquire 100% of the club, just a controlling interest!

[AVIM]

That is not a realistic scenario and well you know it, doom-monger.

 

I would say its very realistic. Why not?

[marie]

Thanks Mark for your hard work.

We have to carry on regardless of the news today and starve them out!

What a week so far,they must feel so embarrased.........................then again it is our board and ceo.======

[AVIM]

Mo's original proposal did not actually include the winding down of V2001, merely that he would aquire 50.1% of the club and V2001 the other 49.9%

Mo was never looking to aquire 100% of the club, just a controlling interest!

 

I know. But now we are talking about putting the club up for sale. Thats very different to inviting investment into V2001. So it raises the question of price.

[Twitters]

So what exactly is the big news, that Mark Sims will only join the board if the club is put up for sale and two directors resign? Thus we're left inquorate and the club couldn't be put up for sale because there wouldn't be enough directors to action that. Plus there's no chance the board will agree to that.

 

The board are bound to say no and so what we're left with is Mark Sims refusing to join the board and we go on as we are.

 

So what's the excitement for?

[AVIM]

And I should add, I would be glad to see the back of the V2001 structure.

[robf]

I also missed the Radio Stoke report and will be on a train at 5:20 when it's next reported. What were the actual details as there seems to be two conflicting stories on what Radio Stoke said?

[Santa]

So what exactly is the big news, that Mark Sims will only join the board if the club is put up for sale and two directors resign? Thus we're left inquorate and the club couldn't be put up for sale because there wouldn't be enough directors to action that. Plus there's no chance the board will agree to that.

 

The board are bound to say no and so what we're left with is Mark Sims refusing to join the board and we go on as we are.

 

So what's the excitement for?

The proposal would be that one of the two leaves immediately, with Mark replacing him and leaving the board with a full compliment of four directors.

 

The other director would commit to resigning once an EGM has taken place which will put forward the rest of the interim board as well as any other business which needs to be resolved by a general meeting.

[Stone Valiant]

I know. But now we are talking about putting the club up for sale. Thats very different to inviting investment into V2001. So it raises the question of price.

 

the terms of the sale still have to be stated and clarified...it could still be a part sale...it could depend upon who steps up to the plate, 1 party, 2, 3, more!

 

there will be more questions than answers once the ball starts rolling, but at least we can look forward to a new dawn and one that we as shareholders (and all the fans) can have a say in democratically and fairly

[ValiantBE]

Hi Rob, RS broke the story at 4.30 this afternoon and stated that Mark Sims had said he would agree to be a director if two other directors resign. Then, once on the board the club would be put up for sale.