FPS should be made to get 75% with a new issue of shares, that way the 150 members of DFCSS won't be involved. Especially if DFCSS want cash for the sale, rather than give the shares back to the club.
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FPS should be made to get 75% with a new issue of shares, that way the 150 members of DFCSS won't be involved. Especially if DFCSS want cash for the sale, rather than give the shares back to the club.
It's not that simple Tainted.Quote:
Originally Posted by Taintedice
Category A Ordinary Shares were created to give the fans ability to protect their club. FPS cannot (in fact are expressly restricted from doing so) simply issue more of these shares to get the 75% required, the Tully is wrong (not for the first time).
DFCSS can stop this themselves, all they need is good legal advice which they have now sought I believe.
The yanks have been here nearly six years now, and the club is no further forward, only difference is we were in the first division, but looks like we may be going back there.Quote:
Originally Posted by shaded
I will attend the Dfcss meeting tomorrow, but members do not have a vote, an e mail form is available to send with your opinion and suggestions.
I hope the Q & A session will give more clarification regarding the shares.
Meanwhile our club is bottom of the league, support is dwindling, the stadium is crumbling and the fecking hoses are still there !!
The folk chairing the meeting will give their thought’s not facts, a bit like McDonald and Forbes
If the stadium is the issue then one of the options is to allow that restriction to be changed to Dens Park or Nou Campy. give specific permission for the Nou Campy move and nothing else.Quote:
Originally Posted by hmac
I don't see the point of selling the shares, what do Dfcss do with the money, use it in the community ?.
The shares at least give the supporters a say in any sale or other developments.
This isn't a dig at you Deecom but I've never ever and never will get this obsession with the "community" why can't any money be used to help us instead of giving it away....those charity things back in the day used to make my blood boil.Quote:
Originally Posted by deecom
On a seperate point it wud be appreciated if you can post what goes on at the meeting and your own take on it tomorrow.
Appreciate the A Ordinary shares are a special category and the protections sit with these, would have thought FPS would look to buy the Ordinary shares to get their 75%, unless they do want the protections to pass to them/disappear?Quote:
Originally Posted by hmac
150 of them, at leastQuote:
Originally Posted by deecom
Yes they could buy them from DFCSS. In which case the fans give up the right to stop the various things in the shares. But they cannot just allocate more and buy themQuote:
Originally Posted by Taintedice