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Old 27-05-2009, 19:18   #217
expatriate
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Re: Ilyas speaks .....

Hello Everyone. I am sorry for the radio silence, but I have been away in Namibia on the race that some of you are aware of. 250km over 6 days. Fabulous event, and even though the course was brutal at times, I am happy to report that I am back in one piece (or largely !), and even happier to report that I managed to raise a very decent amount of money for charity. Thank you for the various people on this forum who supported me through the Observer article or directly.

On the question of Stanley, I have nothing new to report. Neither the club or its officials have contacted me in any formal capacity, and my two letters remain unanswered. I do not know what is happening on the takeover and I have no update or insight into the state of the club's finances.

I remain therefore of the view that the club requires a cash injection, and, at the risk of sounding like a broken record, the only way to push forward with a sensible plan is to issue new equity that will strengthen the balance sheet and will ensure that future sponsorship revenues are not mortgaged and thereby cause more problems.

This view, oft repeated, will be repeated in a letter I will send, and which will ensure that the club and its directors are made aware that I will have no option but to resort to legal action to call a shareholder meeting in order to vote for a new share issue to safeguard our future.

As always, I promise to keep you informed through this forum of any changes or updates.

with my warmest regards to you all
Ilyas
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