[maccawozzagod]

things are going on behind the scenes Wynonie, many conver.
sations, phone calls, emails etc are flying about between many people. Some of it is hot air, some of it is ideas and some of it will be serious attempts at dialogue. It would be impossible to detail of this and probably unfair on folk as well (as I said, some of it is just ideas)

To clarify the situation with ASSF and the 250k;
ASSF has not got any money of its own at this point. Until yesterday we were working on the premise that the club had 12 months to get its s h i t in order. The share issue was on the back burner and was no longer important to us. What was important was to spend the foreseeable future fundraising in a manner where we could probably invest a large sum of moneyh in whatever way shape or fashion we deemed important (ie ground sponsorship for example). The only money we have is a pledged £250,000 from Ilyas conditional on a share issue. Should that arise then we have the money ready to be transferred from Ilyas to ASSF to ASFC.

We all accept that a share issue is unfair on The Don and any other shareholders as it would reduce their shareholding from x% to half or a quarter of x%. Here's the basic, laymans maths on the situation. The shares have a nominal value of £100,000 and there were 100,000 issued way back in the day (John Alty era). You can sell them for whatever price somebody will pay. All the shares were taken up AND THERE ARE NO SHARES AVAILABLE. So ASSF can only put money in to take up shares but it has to be a re-issue to create new shares. YES this dilutes existing share value but at the moment they are worth next to nothing (failing business model with no assets of any real value) - so 52% of nowt or 13% of a company that owes nowt and hopefully is a profitable business?

There has to be a way found where exisiting shareholders can 'buy back' their shareholding but then they would have used ASSF funds for personal gain - which can't be allowed to happen.

But the one thing you can be sure of is that everyone of is a Stanley fan and we share the pain and anguish, we share the worries and the misgivings, and we share the anger and the frustration. Each and every one of us is working to find a solution