[dalekpete]

I have to say that I noted a few off here as I sorted out the share cerficates today.

I hope that many will be able to collect in person at the Gala Day.

[dalekpete]

spireiteblue, on Jul 27 2007, 10:29 PM, said:

Will the membership card be needed Pete as proof ?

We need the membership card or proof of identity and address. I would suggest a utility bill might help with this

[Blueprint]

What's the situation with the share certificates, i've been reminded that i am still due one (i'd forgot all about them), but i haven't been to collect it so will it be posted or what?

[dalekpete]

Blueprint, on Nov 10 2007, 01:14 PM, said:

What's the situation with the share certificates, i've been reminded that i am still due one (i'd forgot all about them), but i haven't been to collect it so will it be posted or what?

They can be collected on non-match days from the Club office. They will also be available on Thursday at the AGM.

After that a decision about issuing the remainder might need making.

[Blueprint]

I'll pop down to the office then, cheers.

[dalekpete]

MP-Spire, on Nov 11 2007, 07:39 PM, said:

Pete,

How were the shares distributed, what was the rationale behind CFSS membership, CFSS Shareholding & shares in CFC 2001 Ltd?

I assume with the re-distribution that CFSS are no longer the major shareholder, therefore why the need for 2 x CFSS places on the CFC 2001 Ltd Board? If ever there was an example of the memberships interests not being looked after, it would be the rushed Q&A with Rico 2 weeks ago that totally f'up CFSS's AGM, but clearly that was the intention, wasn't it? Yet I hear the reps claim to know nothing about it, surely this proves their role is rather worthless, wouldn't you agree?

It's time some serious questions were asked.

Mike

Shares were issued to all members with life members getting 400 and all others 200. This left CFSS with almost 250,000 shares which is about a quarter of the current issue. No individual has more than 43,000 shares.

The Society retains one place on the CFC(2001) Board under the heads of terms following the ceding of control.

Lee Richardson has made in clear that he wants to be open to the supporters and Thursday's meeting will allow him to demonstrate the Gamebreaker system. The Society is supporting some of the analysis work that is being done.

[dalekpete]

MP-Spire, on Nov 11 2007, 09:57 PM, said:

Thanks for the reply Pete, you're talents are wasted, a career in Westminster awaits ;-) I won't push you further, but a couple of pertinent questions arise as a result of your post:-

1) Why weren't the 250,000 distributed to your members? What's the reasoning behind holding on to them?

2) If the Society retains one place on the CFC (2001) Board, I assume the other will be resigning from the CFSS Board?

The principle behind the January change was that CFSS would not have an ongoing majority shareholding. This allows other investors to come into the Club and have some control over their investment. The share out meant that we immediately went to such a position. However the remaining block of shares still gives a significant say in what happens.

The CFSS representatitive is John Croot. I believe all CFC Directors are CFSS members, should any of them wish to stand for election to the CFSS Board they are free to do so. I don't see why the two should be mutually exclusive.

[Wooden Spoon]

MP-Spire, on Nov 11 2007, 10:19 PM, said:

Apologies Pete, but what a farce! CFSS dilute their shareholding at the same time that CFC 2001 increases its authorised share capital to 10m.

wednesdayite?

[Paul Fisher]

death, on Nov 12 2007, 03:50 AM, said:

wednesdayite?

Thats exactly how I have read it also...