forlanssister 3,114 Posted September 13, 2013 Share Posted September 13, 2013 Jim McColl and Paul Murray invited various fans groups to meet with them, to discuss the ongoing situation with our Club. This meeting took place today, and Jim McColl confirmed that he and the requisitionists have not walked away, and that they remain committed to board room change. Mr McColl said: “If the board think this has gone away, they are delusional. The issue has merely moved to the AGM. The requisitionists still want change, and have not wavered from this final objective” The fans groups remain committed to liaising with Mr McColl and shareholders in the run up to the AGM. http://www.twitlonger.com/show/n_1rme0vu 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted September 13, 2013 Share Posted September 13, 2013 If it's really as simple as waiting till the AGM why all this fuss in the first place? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 13, 2013 Share Posted September 13, 2013 i think green tried to draw out the mccoll bid by asking him for cash for 49% iirc but green is good at that. McColl put in the £6m bid immediately after the CVA was rejected and Duff & Phelps said they were selling to Green for £500k less because they had that so-called binding agreement. Green then turned round in his typical chancer style and told McColl he could have half of the the company for his £6m which will have seemed ridiculous to McColl given they had just paid £5.5m for the assets. In retrospect though, £6m for half of the company would have been a good deal if there had been assurances that the shareholding wouldn't be diluted. My guess is that McColl didn't trust Green & co enough to even consider it. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 13, 2013 Share Posted September 13, 2013 If it's really as simple as waiting till the AGM why all this fuss in the first place? probably the missing 23 million. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 13, 2013 Share Posted September 13, 2013 McColl put in the £6m bid immediately after the CVA was rejected and Duff & Phelps said they were selling to Green for £500k less because they had that so-called binding agreement. Green then turned round in his typical chancer style and told McColl he could have half of the the company for his £6m which will have seemed ridiculous to McColl given they had just paid £5.5m for the assets. In retrospect though, £6m for half of the company would have been a good deal if there had been assurances that the shareholding wouldn't be diluted. My guess is that McColl didn't trust Green & co enough to even consider it. green was hawking shares at £1.25 each at that time. people bought them but mccoll isn't as daft as some people. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted September 13, 2013 Share Posted September 13, 2013 The offer initially went to D&P then they offered it to Green, that's how I remember it anyway. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 13, 2013 Share Posted September 13, 2013 Jim McColl and Paul Murray invited various fans groups to meet with them, to discuss the ongoing situation with our Club. This meeting took place today, and Jim McColl confirmed that he and the requisitionists have not walked away, and that they remain committed to board room change. Mr McColl said: “If the board think this has gone away, they are delusional. The issue has merely moved to the AGM. The requisitionists still want change, and have not wavered from this final objective” The fans groups remain committed to liaising with Mr McColl and shareholders in the run up to the AGM. http://www.twitlonger.com/show/n_1rme0vu If that's the only crumb of information we're getting from a meeting that probably lasted 2 or 3 hours, it's a poor show. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted September 13, 2013 Share Posted September 13, 2013 The offer initially went to D&P then they offered it to Green, that's how I remember it anyway. The offer went to BDO first then D&P. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted September 13, 2013 Author Share Posted September 13, 2013 Clearly McColl, for the moment anyway, is less than comfortable with going public on his strategy for the AGM (and beyond)... We have to hope that will change as, again, for the moment, his own credibility is suffering by a reluctant to lead from the front (in public at least). However, let's not allow that to distract us from holding the current boardroom to account for their performance and similar inability to show their funding plans for the club. 0 Quote Link to post Share on other sites More sharing options...
compo 7,030 Posted September 13, 2013 Share Posted September 13, 2013 Do you think the fans will show a vocal support of McColl on saturday . 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.