onevalefan.co.uk Present Past Specials About Forum
Jump to content
onevalefan.co.uk forum

Advert


Advert


Shareholders Must Decide on any Deal


NLVMalc

Recommended Posts

Whatever deal or prospect of a deal ML & PD come back from the USA with this MUST go to the shareholders for approval. If not the club will sink further into turmoil.

 

The board lost a vote of no confidence and currently only hold the following amount of shares:

 

Mike Lloyd.........5.3%

Bill Bratt...........4.8%

Glenn Oliver......4.3%

..................... --------

Total.............. 14.4%

 

Under these circumstances there is no way any deal can go forward without being put to the shareholders.

 

The Port Vale Supporters Club, holding Robbie’s proxy, have a greater percentage of shares (21.2%) than the current board.

 

The ‘talk’ from Mike Lloyd has been about being transparent and open. However, to date this has only been ‘talk’. The trust between the board of Port Vale and the fans has been broken and can only be improved by action.

 

I agree with ML that everyday decisions cannot be put before all the shareholders. This next decision is not a small or insignificant.

 

If ML & PD do not put any deal to the shareholders then we will know that there is no intention of being open and transparent.

Link to comment
Share on other sites

Advert

You raise a very interesting point. Perhaps it would be better if a representitive of the Vale supporters club decides on the investment issue.

 

OS, but even Robbie's proxy, along with the board's shares only amounts to roughly a third of the vote.

 

Interesting for me would be the thinking at present of the 'voters' who managed to keep the board at the helm. I wonder how they perceive the new investment. ?

Link to comment
Share on other sites

OS, but even Robbie's proxy, along with the board's shares only amounts to roughly a third of the vote.

 

Interesting for me would be the thinking at present of the 'voters' who managed to keep the board at the helm. I wonder how they perceive the new investment. ?

 

BHF

 

That's a very good point; would the board still command the same amount of support from the shareholders for this takeover, which, in effect is what it is.

Link to comment
Share on other sites

OS, but even Robbie's proxy, along with the board's shares only amounts to roughly a third of the vote.

 

Interesting for me would be the thinking at present of the 'voters' who managed to keep the board at the helm. I wonder how they perceive the new investment. ?

I know what you are saying Fred and it is a sad state of affairs that the people who are running the Port Vale asylum have such a small shareholding so in truth have no right to decide our possible fate.
Link to comment
Share on other sites

So Loyd/Bratt/Oliver have only 14.4% and a vote of no confidence while Mark Sims was elected by the shareholders but prevented from being on the Board because they refused to let anyone see the books and do due dilligence and as somebody who has put more into the club than the Board combined and being sponsored by Robbie Williams 21.2% it should be Mark Sims that decides over this investment......an EGM needs to be called to stop this investment and it needs to be put to shareholders along with the offers from Sims and Chaudry to each invest 24.9% within the articles and constitution.

Why has the Black&Gold been suspended when the club has not been sold and "Starve Em Out" originally meant not just Bratt and Oliver but also Lloyd.....once this Board have got that extra 24.9% the old gang will have 55% and will be the untouchables....400k is not 5 million.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Reporting Posts and other information

    Rules - This forum is moderated but the admin team don't read everything. Don't assume we'll spot rule breaking and alert us by reporting content. Logged in users can hover over the post and click the orange button. Guests can contact us here. If you don't get on with another user you can "ignore" them. Click this link, type in their username and click save. Please check with the admin team if you wish to sell/auction any items. We're happy to support good causes but check first.

    Use - This forum may not be suitable for all as it may contain words or phrases not considered appropriate for some. You are personally responsible and potentially liable for the contents of your posting and could face legal action should it contain content of a defamatory or other illegal nature. Every message posted leaves a traceable IP number. Please do not reveal any personal information about yourself or anyone else (for example: phone number, address or email address). This forum is not in any way affiliated with Port Vale FC. OVF reserve the right to edit, delete, move or close any thread for any reason. If you spot an offensive post please report it to the admin team (instructions are above).

    Adverts - This site occasionally a) has adverts and sponsored features about gambling b) accepts sponsored posts from third parties. If you require help and advice on gambling read these links: Information on protecting young people | Addiction help from gambleaware.co.uk
  • Friends of OVF

×
×
  • Create New...