[Revived Red]

Originally Posted by maccawozzagod

The aims of the company will be to seek a greater control of the club through board representation and/or share issue. We were all under no illusion that EW does not have to sell any shares to us as he will then relinquish his majority shareholding which would force him into greater transparency via shareholders meetings etc. ........

As has been pointed out in various places, his shares are technically worthless at the moment, working with us we can all manoeuvre the club into a healthier position where his shares will be worth something. It is a win win situation but is reliant on EW losing his two handed grip on the club.

Many thanks to all those involved with the meeting and with the proposals. Thanks for passing on all the information, especially to those of us who are prevented by distance from being as involved as we would like.

At the risk of seeming a total idiot, I'm not sure how the proposals are to be aligned with the club's present debts. If the aim of the new company is "to seek a greater control of the club through board representation and/or share issue", what are the mechanics by which this will take place? "Working with us we can all manoeuvre the club into a healthier position where his (Eric's) shares will be worth something" - again, how will this happen?

Apologies if this is obvious to everyone else.