[Doug]

Originally Posted by maccawozzagod

not keen on that bit, any monkey can come in now and take us back to the "i own a majority and can do as I like" days.

I don't think it will work like that Rob; I'm not sure what I reading to be honest but the earlier announcement in the press indicated that the issue would be 1 million. I think the club's value as been inflated in terms of the historical and passionate values applied by us the supporters; I can't see how the numbers would allow current share holders to retain their shares and anyone individual to come in and effectively buy a take over. These shares can only be a percentage of what value has been applied to the club.

That said I'm taking out of my box; I can't see that the whole area of interest would achieve the total value of the issues; what I mean by that is that in this current financial environment not many of us will be able take up much more than a token share; I do recall that Ilyas in a statement somewhere said he would underwrite the issue; so by taking up the unissued shares he would hold the majority share in the name of the community until the opportunity arises to reissue in the future.

This would give us a 9ct guarantee that the club remains in safe hands until the greater Accrington Stanley/Accrington Town is mature enough to take on full community ownership. I think.