Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
242You're on the wrong thread, this is the Gentleman's club, ignore investing in the County thread.
How likely is it that it will change? Obviously ZERO chance of change............who can change it?
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
243If as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 amAnd there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?mad norm wrote: March 4th, 2024, 11:33 am Viewing and reading a post ....there is a subtle difference
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
245Why? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 amAnd there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?mad norm wrote: March 4th, 2024, 11:33 am Viewing and reading a post ....there is a subtle difference
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
246How are the trust not allowing investment into the club when they no longer have any influence in that respect?Bangitintrnet wrote: March 4th, 2024, 3:45 pmWhy? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 amAnd there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?mad norm wrote: March 4th, 2024, 11:33 am Viewing and reading a post ....there is a subtle difference
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
247Because real investment is given to the club for the club to make best use of. The trust are happy to believe that they must invest in the community from now on, rather than the club.Amberexile wrote: March 4th, 2024, 4:51 pmHow are the trust not allowing investment into the club when they no longer have any influence in that respect?Bangitintrnet wrote: March 4th, 2024, 3:45 pmWhy? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 amAnd there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?mad norm wrote: March 4th, 2024, 11:33 am Viewing and reading a post ....there is a subtle difference
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
The trust have no influence, it hasn't for years, and it won't in future, because its not interested in asking HJ what is required to be an important partner. Is it now?is it investment? Is it at some point in the future when the trust may have influence who takes over from HJ?
The problem is that change is required from a trust membership that is focused only on the past.
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
249But they aren't stopping anybody who wants to be a representative on the Board from investing and gaining a place on the Board by doing so.Bangitintrnet wrote: March 4th, 2024, 5:26 pmBecause real investment is given to the club for the club to make best use of. The trust are happy to believe that they must invest in the community from now on, rather than the club.Amberexile wrote: March 4th, 2024, 4:51 pmHow are the trust not allowing investment into the club when they no longer have any influence in that respect?Bangitintrnet wrote: March 4th, 2024, 3:45 pmWhy? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 amAnd there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?mad norm wrote: March 4th, 2024, 11:33 am Viewing and reading a post ....there is a subtle difference
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
The trust have no influence, it hasn't for years, and it won't in future, because its not interested in asking HJ what is required to be an important partner. Is it now?is it investment? Is it at some point in the future when the trust may have influence who takes over from HJ?
The problem is that change is required from a trust membership that is focused only on the past.
If I wanted to sit on the Board of a Company I would expect to have some skin in the game. Why do you think we should encourage freeloaders onto the Board?
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
250A new investor can't invest in the existing club shares because there aren't enough. So it would be in new shares.Amberexile wrote: March 4th, 2024, 6:45 pmBut they aren't stopping anybody who wants to be a representative on the Board from investing and gaining a place on the Board by doing so.Bangitintrnet wrote: March 4th, 2024, 5:26 pmBecause real investment is given to the club for the club to make best use of. The trust are happy to believe that they must invest in the community from now on, rather than the club.Amberexile wrote: March 4th, 2024, 4:51 pmHow are the trust not allowing investment into the club when they no longer have any influence in that respect?Bangitintrnet wrote: March 4th, 2024, 3:45 pmWhy? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 amAnd there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?mad norm wrote: March 4th, 2024, 11:33 am Viewing and reading a post ....there is a subtle difference
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
The trust have no influence, it hasn't for years, and it won't in future, because its not interested in asking HJ what is required to be an important partner. Is it now?is it investment? Is it at some point in the future when the trust may have influence who takes over from HJ?
The problem is that change is required from a trust membership that is focused only on the past.
If I wanted to sit on the Board of a Company I would expect to have some skin in the game. Why do you think we should encourage freeloaders onto the Board?
So to make it simple, say there are £2million in existing shares, HJ has 52%, Trust and others 48%. So just over £1 million and just under.
New shares issued will be £1 million thus diluting both holding percentage by a third. If HJ allowed a big investment he won't have control unless he matches it.
Thus if the trust was a real investor, it could force HJ to match the trust's £100k a year investment, or if he didn't, he would lose overall control if the other shareholders passed their shares to the Trust.
That's how the Trust could have influence, without actually deciding how to spend the money, other than buy new shares.
As it stands the trust are the freeloaders on the HJ board, sitting on existing shares that were given to them, but not investing in the future, because they choose to.
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
251Bennett seen talking to somebody,somewhere on something or not ... I think it's a red herring before he signs
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
252Another 7000 views, people seeing the attitude of the privileged who want to sit on that gift, and not invest..............and think that they will have influence.........to achieve precisely what?mad norm wrote: March 4th, 2024, 8:03 pm Bennett seen talking to somebody,somewhere on something or not ... I think it's a red herring before he signs
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
253You may remember the Trust raising money through community shares during the takeover. When that money was invested in the club, the Trust received shares in return. Up until that point, previous money invested into the club was done so for shares in return. For some idiotic reason the BoD decided to not grant shares to the Trust in return for the Trust's investments after the take over.Bangitintrnet wrote: March 4th, 2024, 7:40 pmA new investor can't invest in the existing club shares because there aren't enough. So it would be in new shares.Amberexile wrote: March 4th, 2024, 6:45 pmBut they aren't stopping anybody who wants to be a representative on the Board from investing and gaining a place on the Board by doing so.Bangitintrnet wrote: March 4th, 2024, 5:26 pmBecause real investment is given to the club for the club to make best use of. The trust are happy to believe that they must invest in the community from now on, rather than the club.Amberexile wrote: March 4th, 2024, 4:51 pmHow are the trust not allowing investment into the club when they no longer have any influence in that respect?Bangitintrnet wrote: March 4th, 2024, 3:45 pmWhy? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 amAnd there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?mad norm wrote: March 4th, 2024, 11:33 am Viewing and reading a post ....there is a subtle difference
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
The trust have no influence, it hasn't for years, and it won't in future, because its not interested in asking HJ what is required to be an important partner. Is it now?is it investment? Is it at some point in the future when the trust may have influence who takes over from HJ?
The problem is that change is required from a trust membership that is focused only on the past.
If I wanted to sit on the Board of a Company I would expect to have some skin in the game. Why do you think we should encourage freeloaders onto the Board?
So to make it simple, say there are £2million in existing shares, HJ has 52%, Trust and others 48%. So just over £1 million and just under.
New shares issued will be £1 million thus diluting both holding percentage by a third. If HJ allowed a big investment he won't have control unless he matches it.
Thus if the trust was a real investor, it could force HJ to match the trust's £100k a year investment, or if he didn't, he would lose overall control if the other shareholders passed their shares to the Trust.
That's how the Trust could have influence, without actually deciding how to spend the money, other than buy new shares.
As it stands the trust are the freeloaders on the HJ board, sitting on existing shares that were given to them, but not investing in the future, because they choose to.
In my view that was stupid and should be the first change the trust makes for all future investment.
The other shares the Trust owned were donated to them by Les Scadding and have now been passed on to HJ.
Hence the Trust has paid for most, if not all of the shares it currently owns.
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
254The trust bought shares in very small amounts as the income was small. It is only recently that the trust needed a bigger income because it was running the club and needed cash. So I remain unconvinced with your share total, but its a fair point that not all trust shares were originally Les Scadding's.Amberexile wrote: March 4th, 2024, 8:38 pmYou may remember the Trust raising money through community shares during the takeover. When that money was invested in the club, the Trust received shares in return. Up until that point, previous money invested into the club was done so for shares in return. For some idiotic reason the BoD decided to not grant shares to the Trust in return for the Trust's investments after the take over.Bangitintrnet wrote: March 4th, 2024, 7:40 pmA new investor can't invest in the existing club shares because there aren't enough. So it would be in new shares.Amberexile wrote: March 4th, 2024, 6:45 pmBut they aren't stopping anybody who wants to be a representative on the Board from investing and gaining a place on the Board by doing so.Bangitintrnet wrote: March 4th, 2024, 5:26 pmBecause real investment is given to the club for the club to make best use of. The trust are happy to believe that they must invest in the community from now on, rather than the club.Amberexile wrote: March 4th, 2024, 4:51 pmHow are the trust not allowing investment into the club when they no longer have any influence in that respect?Bangitintrnet wrote: March 4th, 2024, 3:45 pmWhy? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 am
And there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
The trust have no influence, it hasn't for years, and it won't in future, because its not interested in asking HJ what is required to be an important partner. Is it now?is it investment? Is it at some point in the future when the trust may have influence who takes over from HJ?
The problem is that change is required from a trust membership that is focused only on the past.
If I wanted to sit on the Board of a Company I would expect to have some skin in the game. Why do you think we should encourage freeloaders onto the Board?
So to make it simple, say there are £2million in existing shares, HJ has 52%, Trust and others 48%. So just over £1 million and just under.
New shares issued will be £1 million thus diluting both holding percentage by a third. If HJ allowed a big investment he won't have control unless he matches it.
Thus if the trust was a real investor, it could force HJ to match the trust's £100k a year investment, or if he didn't, he would lose overall control if the other shareholders passed their shares to the Trust.
That's how the Trust could have influence, without actually deciding how to spend the money, other than buy new shares.
As it stands the trust are the freeloaders on the HJ board, sitting on existing shares that were given to them, but not investing in the future, because they choose to.
In my view that was stupid and should be the first change the trust makes for all future investment.
The other shares the Trust owned were donated to them by Les Scadding and have now been passed on to HJ.
Hence the Trust has paid for most, if not all of the shares it currently owns.
Re: Bangits thoughts on the future of the Trust - Nothing to do with Scott Bennett or GC. holding talks
255Was it simply because the trust were both investing and running the club, that purchasing shares would only limit those available for others to purchase? Or possibly because by continuing to make new shares available, the original shareholders would have their holdings effectively reduced?Amberexile wrote: March 4th, 2024, 8:38 pmYou may remember the Trust raising money through community shares during the takeover. When that money was invested in the club, the Trust received shares in return. Up until that point, previous money invested into the club was done so for shares in return. For some idiotic reason the BoD decided to not grant shares to the Trust in return for the Trust's investments after the take over.Bangitintrnet wrote: March 4th, 2024, 7:40 pmA new investor can't invest in the existing club shares because there aren't enough. So it would be in new shares.Amberexile wrote: March 4th, 2024, 6:45 pmBut they aren't stopping anybody who wants to be a representative on the Board from investing and gaining a place on the Board by doing so.Bangitintrnet wrote: March 4th, 2024, 5:26 pmBecause real investment is given to the club for the club to make best use of. The trust are happy to believe that they must invest in the community from now on, rather than the club.Amberexile wrote: March 4th, 2024, 4:51 pmHow are the trust not allowing investment into the club when they no longer have any influence in that respect?Bangitintrnet wrote: March 4th, 2024, 3:45 pmWhy? The trust are not allowing investment into the club, it wants to do the exact opposite of investing money to save as HJ wants........Amberexile wrote: March 4th, 2024, 3:36 pmIf as you say, "three quarters of the fans that go to RP are not in the trust ... and would therefore be happier for the two representatives to be just inverstor's [SIC] into the club..." surely their investment would need to be at least equal to that of the Trust to take over the representation that comes with the Trust's shareholding?Bangitintrnet wrote: March 4th, 2024, 12:55 pmHow likely is that? HJ didn't buy the trust's shares did he? Will he invest further than his initial £500k if not pushed?Amberexile wrote: March 4th, 2024, 12:22 pmI expect anybody who invests into the club by buying an equal number of shares to the Trust will get equal representation. Is there anybody looking to do that?Bangitintrnet wrote: March 4th, 2024, 11:46 am
And there is a difference between reading and commenting. This forum is hell bent on attacking anyone who dares oppose the standard view. So people who are not going to vote, because they will be outnumbered, why would they bother to post and then get called allsorts?
The trust are running a consultation with itself. More than three quarters of the fans that go to RP (lots of trust members live away) are not in the trust. How will that consultation garner the opinion of those who don't see a need for the trust, and would therefore be happier for the two representatives to be just investor's into the club, as opposed to just the trust?
His £500k was to be used to build up the commercial side and reduce waste. The voting trust membership believe it was to pay back existing debt. If it was, when asked the question "is the trust's annual funding vital to your plans?" Why not say yes? But he didn't did he?
So the trust's money is not vital, so it follows that the trust is not vital...........
So unless someone can actually come up with a reason that makes it vital, the answer IMO is to dissolve the Trust, create a new body to hold the trust's shares, and make it free to join. Then the new body is simply a skill set, rather than cash oriented, and open to all, not restricted to a gentleman's club where you have to pay a premium simply to get in.......
So disband the trust, and it makes it easier for investors to join, without having a big shareholding (which they can't obtain anyway)......
Or let the trust buy new shares, and encourage HJ to keep investing.............
But the Trust won't vote for change, so it wants representation based solely on shareholding, not helping by investing in the club, and what HJ is trying to achieve.........
The trust have no influence, it hasn't for years, and it won't in future, because its not interested in asking HJ what is required to be an important partner. Is it now?is it investment? Is it at some point in the future when the trust may have influence who takes over from HJ?
The problem is that change is required from a trust membership that is focused only on the past.
If I wanted to sit on the Board of a Company I would expect to have some skin in the game. Why do you think we should encourage freeloaders onto the Board?
So to make it simple, say there are £2million in existing shares, HJ has 52%, Trust and others 48%. So just over £1 million and just under.
New shares issued will be £1 million thus diluting both holding percentage by a third. If HJ allowed a big investment he won't have control unless he matches it.
Thus if the trust was a real investor, it could force HJ to match the trust's £100k a year investment, or if he didn't, he would lose overall control if the other shareholders passed their shares to the Trust.
That's how the Trust could have influence, without actually deciding how to spend the money, other than buy new shares.
As it stands the trust are the freeloaders on the HJ board, sitting on existing shares that were given to them, but not investing in the future, because they choose to.
In my view that was stupid and should be the first change the trust makes for all future investment.
Whatever the reason, I agree entirely that now the trust is not running the club, that any money should be given in return for shares.
That obviously differs from the voting trust membership who "have other things to spend trust money on".
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