The Accounts

[Blacklands Zero]

Grim reading.
I fear for the future

[Thomas Dunne]

I am back with my more formal name. Regarding this topic my understanding is that a motion of No Confidence in the Board will be proposed at the club's forthcoming AGM at 11am on Friday,30 March,2018.

[super_furry_arabal]

I am back with my more formal name. Regarding this topic my understanding is that a motion of No Confidence in the Board will be proposed at the club's forthcoming AGM at 11am on Friday,30 March,2018.

By whom?

[ahlltanyirhide]

By whom?

Could be Stephen

[Thomas Dunne]

There are several small shareholders who are very concerned about the continuing financial deterioration of the club,presided over by ST and MM. Such a motion is one of the few avenues open to these shareholders to register their concern. Given the majority shareholding held jointly by ST and MM that motion almost certainly would be defeated,but perhaps a change of Board direction might result.

[TerryTheTerror]

Why don't these folk do something a little more proactive then and arrange the purchase of ST's shares in the club? 🙂

[SmedDUm]

There are 98,760 shares.
ST holds 51.77%
MM holds 33.67%
ArabTrust hold 3.27% (3rd largest shareholder).
The 4th largest shareholder holds 1.52% (1,500 shares).
He and 101 others hold 11.29% of the shares, average 109 shares each.
Moral of the story? There are lots of shareholders but their collective clout is miniscule. ArabTrust on its own could tell them to naff off.

[PortugueseFrank]

Have we any updates on the fan groups sourcing buyers for ST's shares?

I'd have thought any 'white knights' will need to move fast with ST apparently in conversations about selling most of his shares.