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Thread: Arabtrust - actions speak louder than words

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  1. #1
    Join Date
    Feb 2017
    Posts
    1,118
    Quote Originally Posted by stokearab View Post
    I'm not answering for Frank but I think he's right, yes we can. But to do it we'd need a massive influx of new members in order to dilute their power to resist it. I don't know how many members they have and I don't even know if it's advisable or a real possibility. Worth exploring if only to make them sh1t their smug pants.
    It doesn’t necessarily require an influx of great numbers of new members.

    You simply need enough existing or new members to call an EGM and then a majority in the room to carry any vote,

    So if 40 folk turn up and that’s all that votes then you’d only need 21 to carry any votes.

    The trust has always had this remarkably Democratic route that could’ve been utilised at any time.

    One member, one vote.

    Instead of spending 13k (which will come out of the members direct debits) to set themselves up as pretty much exactly the same kind of legal entity as the trust, the DUSF simply could’ve spent around £750 signing up 50 members to the Trust then take over at an EGM.

    Which I think illustrates quite acutely why DUSF seems to me to a missed a rather glaring and much simpler route and makes me a bit wary of their abilities to deliver.

    I’m sure they are all smashing and smart guys but did not one of them sit up at their meetings and go “hey guys, could’nt we just take over the Trust? Would save our members a lot of cash”.

    Instead 13k spunked reinventing the wheel. That’s ST thinking right there!

    I’m reminded of the story (a myth but still) of NASA supposedly spending millions of dollars trying to invent a zero gravity pen, as pens don’t work in space. Millions of taxpayers money invested. What did the soviets do?

    Used pencils. Voila.

    So why use a zero gravity pen when you can just use a pencil?
    Last edited by PortugueseFrank; 14-09-2017 at 12:03 AM.

  2. #2
    Join Date
    Aug 2005
    Posts
    846
    Except the money spent DID NOT come out of direct debits! The expenses were covered personally by the Founder members!
    As for Arabtrust, I believe it has been tainted by its continual act of disappearing up the boards backside and the only alternative was to set up a new entity without any baggage
    Arabtrust could and should have had the vision to do what the Foundation are now setting out to do but did not do it. Why?

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