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-   -   1000 Shares Issue!!! (https://www.accringtonweb.com/forum/f93/1000-shares-issue-49924.html)

VALAIRIAN 13-10-2009 22:10

1000 Shares Issue!!!
 
Taken fron S.O.S. Programme against Rovers,

new share issue, limited to 1000 @£250 + V.A.T. Per 1 company 'B' share, framed certificate - numbered SOS1 - SOS 1000, Next seasons top (share number embroidered on), 10x flexi tickets.

I suppose it will be on Official site soon, but looks like this will take us to £308K - Heres hoping... :) :) :)

Doug 13-10-2009 22:15

Re: 1000 Shares Issue!!!
 
Just e-mailed Rob.......for details to be put up so we can get a shot in.

lancsdave 13-10-2009 22:23

Re: 1000 Shares Issue!!!
 
Whats a B share ?

david1 13-10-2009 22:34

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753285)
Whats a B share ?

Abit less than " A share " sorry hehe . I will go now .

mab 13-10-2009 22:37

Re: 1000 Shares Issue!!!
 
:confused: Don't know Dave but by my recconing the value of the club is valued at £3,200,000:eek: going off the priceissue and amount of shares their is i may be wrong though

Doug 13-10-2009 22:37

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753285)
Whats a B share ?

Quote:

Class B Shares
Quote:


What Does Class B Shares Mean?

A classification of common stock that may be accompanied by more or fewer voting rights than Class A shares. Although Class A shares are often thought to carry more voting rights than Class B shares, this is not always the case. Companies will often try to disguise the disadvantages associated with owning shares with fewer voting rights by naming those shares "Class A", and those with more voting rights "Class B".


For example, one Class A share may be accompanied by five voting rights, while one Class B share may be accompanied by only one right to vote, or vice versa. A detailed description of a company's different classes of stock is included in the company's bylaws and charter



Don't take my word for it.

deeayess 13-10-2009 22:39

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by david1 (Post 753287)
Abit less than " A share " sorry hehe . I will go now .

From what I've seen on google that is not far from the truth in most cases but I'd like to see a bit more about it before I make my mind up.

Revived Red 13-10-2009 22:44

Re: 1000 Shares Issue!!!
 
Does ASFC have "bylaws and charter"?

mab 13-10-2009 22:46

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Revived Red (Post 753291)
Does ASFC have "bylaws and charter"?

:confused: why

Revived Red 13-10-2009 22:48

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by mab (Post 753292)
:confused: why

Doug mentioned it in his post. It could be quite important because it seems that voting rights are involved.

mab 13-10-2009 22:50

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Revived Red (Post 753293)
Doug mentioned it in his post. It could be quite important because it seems that voting rights are involved.

What voting rights:rolleyes:

Outback Ozzy 13-10-2009 22:51

Re: 1000 Shares Issue!!!
 
Well if this is the case to help Stanley out, Dave and the remainder of the board are not going to have to dip their corporate hands in their own pockets. 250K from share issue, assuming all are sold + SOS fund = a damn sight more than 308k - maybe this is a scheme to put Stanley up for sale to the fans without any voting rights. And why now? After all the furore with Ilyas and saying they were not going to issue further shares they go and do this! On a personal note, I would love a share in Stanley, but I am very suspicious of this and until someone from the club announces further details then I will have to wait and make my own judgment on this.

Revived Red 13-10-2009 22:54

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by mab (Post 753294)
What voting rights:rolleyes:

Read Doug's post above!!!

simon 13-10-2009 22:57

Re: 1000 Shares Issue!!!
 
Quote:
Originally Posted by bdc View Post
Did anyone see the shares option in the programme? It was a limited number of 1000 shares for £250 plus VAT each. I personally think it is wrong to be doing something like this just weeks after Ilyas requested a share issue. What is so wrong about ASSF asking for a share issue for £500k? quote...



From the info out there at Moment I agree WRONG, but we need to see the Details ?

How do these shares count in the 100% of total shares ?
Does this affect other shareholders % ie 51% becoming 45% ?
How do the club value 'B' shares ?
How are they valueing(?) the club ?

So many Questions.....

And WHY now ???????????????????????????????????????????????

mab 13-10-2009 23:02

Re: 1000 Shares Issue!!!
 
:) Same here!!to be a share holder in Stanley would be nice!! but with me and the wife been both on short time means money is used to keep the house going with not much spare:(

caretaker 14-10-2009 03:34

Re: 1000 Shares Issue!!!
 
I suppose that with a scheme running like this, the Tax man would be more receptive to allowing us to spread the cost of our tax bill over the current tax year.
It amazes me to see how little flack Whalley is getting over this fiasco.

dabeast 14-10-2009 06:17

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by caretaker (Post 753317)
I suppose that with a scheme running like this, the Tax man would be more receptive to allowing us to spread the cost of our tax bill over the current tax year.
It amazes me to see how little flack Whalley is getting over this fiasco.

The time may come for reflections like this but now is not the time to be stirring up muck.

Save the club first THEN point the finger

maccawozzagod 14-10-2009 07:31

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by simon (Post 753299)
Quote:
. I personally think it is wrong to be doing something like this just weeks after Ilyas requested a share issue. What is so wrong about ASSF asking for a share issue for £500k? quote...

because ASSF wanted NEW shares to be made available. My understanding of this is that Styrings shares have been used. The 1000 shares are only equivalent to about 10% of the club.

I applaud the effort here but I do wonder what the club are expecting form the issue. Do they think that all of our 1000 hardcore will buy one? Do they expect them to be sold over the next couple of weeks, months or years? Do they think that a businessman type will come in and buy a block of them? I'd like one but I haven't got £287.50 spare after everything that has gone on over the last few weeks.

The addition of the limited edition replica shirt and 10 flexi tickets is worthwhile though and goes some way to a 'value added' deal and effectively brings down the cost - which is extortionate.

Fourth official 14-10-2009 07:33

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by dabeast (Post 753325)
The time may come for reflections like this but now is not the time to be stirring up muck.

Save the club first THEN point the finger

Doesn't seem to have bothered Eric's wife ,as she seemed to be having a laugh with someone at last nights game??

katei77 14-10-2009 07:38

Re: 1000 Shares Issue!!!
 
I'd like one but I haven't got £287.50 spare after everything that has gone on over the last few weeks.

I think there will be alot of fans in the same boat macca,maybe this would of better if the shares had be offered eariler?

Wynonie Harris 14-10-2009 07:45

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by katei77 (Post 753333)
I'd like one but I haven't got £287.50 spare after everything that has gone on over the last few weeks.

I think there will be alot of fans in the same boat macca,maybe this would of better if the shares had be offered eariler?

Exactly what I was thinking, Kate. I don't know anything about the rights and legalities of shares, but I know from an emotional point of view, I'd love to have a share in my beloved Stanley. But, like everyone else, I've been bunging dosh into the fund in other ways. Hmmm...will have to think about how to budget for it and, most importantly, how to broach the subject to Mrs H! :eek:

katei77 14-10-2009 08:02

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Wynonie Harris (Post 753335)
Exactly what I was thinking, Kate. I don't know anything about the rights and legalities of shares, but I know from an emotional point of view, I'd love to have a share in my beloved Stanley. But, like everyone else, I've been bunging dosh into the fund in other ways. Hmmm...will have to think about how to budget for it and, most importantly, how to broach the subject to Mrs H! :eek:


i ve be thinking on this and have a plan:)

Told danny it can be a early xmas present,im working on him and i think it may just be working;)

Grimps 14-10-2009 08:02

Re: 1000 Shares Issue!!!
 
i think i may get 1 on my brith day 29.10. but she thinks waste of money . so ive told her ill have 2 then one for xmas too. she said you need to move in to accy ground then

Revived Red 14-10-2009 08:02

Re: 1000 Shares Issue!!!
 
Apologies for asking what may seem obvious, but what exactly is a flexi ticket?

katei77 14-10-2009 08:04

Re: 1000 Shares Issue!!!
 
i think but may be wrong its 10 tickets to any game no T&C just any 10 games you wanna go to

Revived Red 14-10-2009 08:13

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by katei77 (Post 753340)
i think but may be wrong its 10 tickets to any game no T&C just any 10 games you wanna go to

That's what I would have guessed. But what about no T & C? Would they be valid indefinitely? Or just over 1 season? Or a calendar year?

What I'm thinking is that I can only get to about 10 home games each season at the very most although I have a season ticket. So maybe I could buy a share instead of a season ticket to minimise the costs. If others are in the same position as I am, and think likewise, it could cut down the income from season tickets next season. Assuming of course that the master plan to repay the tax debt works!

katei77 14-10-2009 08:15

Re: 1000 Shares Issue!!!
 
hmmm i think we need to see in full detail what we are buying in terms of shares

and then someone to explain it to me in lamemans terms:)

Revived Red 14-10-2009 08:19

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by katei77 (Post 753344)
hmmm i think we need to see in full detail what we are buying in terms of shares

and then someone to explain it to me in lamemans terms:)

Agreed, Kate. There are a lot of unanswered questions both about the share issue and about the plan to repay the debt.

simon 14-10-2009 08:27

Re: 1000 Shares Issue!!!
 
I like many would love the chance to INVEST in the club......

But this looks like a large DONATION with a certificate ???

Doug 14-10-2009 08:28

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by katei77 (Post 753344)
hmmm i think we need to see in full detail what we are buying in terms of shares

and then someone to explain it to me in lamemans terms:)


I would hope the club answers some of those questions on the fishy site, it should be part of the sales pitch.....

Doug 14-10-2009 08:29

Re: 1000 Shares Issue!!!
 
It’s a bold move and it answers what some of us have in fact asked for; I had said months ago I wanted a share or Shares for there historic long term value although that wouldn’t be in financial terms. They are expensive and some of us will do silly things to get one; I’ve already told “her” lies i.e. there only £200 quid etc.

The only worries I have is the marketing aspect from the club; Programme announcement fine, but by half time it should have been on the fishy site with half a dozen questions answered before they could be asked; a full description of the package; can they be bought over small payments or be reserved to give people time to access funds.

Full credit to the club because this also answers some of the questions regarding the alleged debt levels and short term future funding after the tax repayment, not a vast amount of money but certainly better than handing out the begging bowl again.

Will they all be sold? Doubt it at this time of year following a really bad down turn like we have just had; the better off fans may have a run on them with Christmas only 10 weeks away, it a good quality novelty gift if you can afford it.

Doug 14-10-2009 08:32

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by simon (Post 753346)
I like many would love the chance to INVEST in the club......

But this looks like a large DONATION with a certificate ???


Could be Simon, but would they run the risk of falling foul of Trading Law & Trading Standards, a lot of younger fans will be wanting parents to buy these for Christmas, I’m sure the club will have considered that and will have looked at the risks of misleading people

simon 14-10-2009 08:37

Re: 1000 Shares Issue!!!
 
[quote=maccawozzagod;753331) My understanding of this is that Styrings shares have been used. The 1000 shares are only equivalent to about 10% of the club.

[/quote]

So this means Macca, that 1 x £250.00 share gives you only 1/100 th % of a shares ?? with possibly no rights ?

ukcowboy 14-10-2009 08:45

Re: 1000 Shares Issue!!!
 
Did you honestly think that EW and the Don would allow a share issue with voting rights?.................Of course not, it is just an elaborate way for getting us to pay the bills with no rights given. Oh and it will also mean that the current board will have even less money to find:(..............Bloody typical :mad::mad:

JEFF 14-10-2009 09:16

Re: 1000 Shares Issue!!!
 
We have been asking for a share issue (more or less demanding it) ever since the winding up order was made. Now a share issue has been made everybody is complaining about it and finding things wrong with it. I, for one, will be subscribing to it and I hope that all the people who have been demanding it are subscribing to it as well. I think it's a good move by DON and I hope that all 1000 shares are sold.

Stanleymad 14-10-2009 09:23

Re: 1000 Shares Issue!!!
 
Well well i never, would love to have a share in the club but seems a prem team share deal is cheaper up the rd im led to believe. Its a lot of money for little back and despite xmas and my birthday at the start of the year its probably surpassed my allowance.

maccawozzagod 14-10-2009 09:26

Re: 1000 Shares Issue!!!
 
I agree Jeff, nothing illegal or untoward seems to have happened with this but I would imagine that the maths of it all won't stack up for larger investor (businessmen with an interest toward the club) so it is only aimed at the smaller investor. Who are skint and is there a thousand of them.

I too hope that they all sell and I will hope to buy one

Redskin 14-10-2009 09:32

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by ukcowboy (Post 753352)
Did you honestly think that EW and the Don would allow a share issue with voting rights?.................Of course not, it is just an elaborate way for getting us to pay the bills with no rights given. Oh and it will also mean that the current board will have even less money to find:(..............Bloody typical :mad::mad:


Bloody Amazing!...There you were plotting the take-over of ASFC, but when the club offer the opportunity for everyone to participate the negatives come-out again!........There's no pleasing some folk!

It's about saving the Club, not voting rights!!!!!!!!:mad:

JEFF 14-10-2009 09:36

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by redskin (Post 753369)
bloody amazing!...there you were plotting the take-over of asfc, but when the club offer the opportunity for everyone to participate the negatives come-out again!........there's no pleasing some folk!

It's about saving the club, not voting rights!!!!!!!!:mad:

exactly !!!!!!!!!!!!!!

Stanleymad 14-10-2009 09:37

Re: 1000 Shares Issue!!!
 
How does this effect the assf plans ?

JEFF 14-10-2009 09:37

Re: 1000 Shares Issue!!!
 
Details now on fishy site

Accrington Stanley

Redskin 14-10-2009 09:40

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by JEFF (Post 753361)
We have been asking for a share issue (more or less demanding it) ever since the winding up order was made. Now a share issue has been made everybody is complaining about it and finding things wrong with it. I, for one, will be subscribing to it and I hope that all the people who have been demanding it are subscribing to it as well. I think it's a good move by DON and I hope that all 1000 shares are sold.

I think this is an EXcellent move bythe Club!

This is everyone's opportunity to participate, finances permitting, in the survival of the club. I for one shall be investing for my "piece of history"

On Stanley On!;)

Doug 14-10-2009 09:41

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Stanleymad (Post 753373)
How does this effect the assf plans ?

It doesn’t, this is the club acting in it best interests to raise funds from those who wish to purchase as individuals. The ASSF could buy into this if it wanted too; only it wouldn’t have control, just as we won’t if & when we buy them

lancsdave 14-10-2009 09:43

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Stanleymad (Post 753363)
Well well i never, would love to have a share in the club but seems a prem team share deal is cheaper up the rd im led to believe. Its a lot of money for little back and despite xmas and my birthday at the start of the year its probably surpassed my allowance.


Remind me when the Accyweb awards next come up to nominate you for 'Most Non-Subtle Hint Of The Year' :rolleyes:

Doug 14-10-2009 09:44

Re: 1000 Shares Issue!!!
 
Note to Club: Well Done.........:)

Stanleymad 14-10-2009 09:46

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753381)
Remind me when the Accyweb awards next come up to nominate you for 'Most Non-Subtle Hint Of The Year' :rolleyes:

So its a no then lmao :D

Doug 14-10-2009 09:47

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753381)
Remind me when the Accyweb awards next come up to nominate you for 'Most Non-Subtle Hint Of The Year' :rolleyes:


:eek: Don't get soft....make her work twice as hard for it; but dont commit yourself, leave it open ended just in case she wants to hang it over the bed..........:D


Don't tell her I said anything will you.....:cool:

Shurm 14-10-2009 09:48

Re: 1000 Shares Issue!!!
 
Getting mine asap :D

Doug 14-10-2009 09:52

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Shurm (Post 753387)
Getting mine asap :D

Been trying to get them on the Phone.....it's engaged :D

lancsdave 14-10-2009 09:53

Re: 1000 Shares Issue!!!
 
Even though this may have been the better first option when the crisis started, you can't turn back the clock. Maybe lessons have been learnt in certain quarters on how passionate Stanley fans are, and how helpful football fans in general are ( wouldn't suggest you try the latter too often though :rolleyes: )

The one big thing is that anybody buying these shares will actually be able to attend the AGM. I'm assuming it will be held annually not every 10/20/30 years as seems to be the current trend. You may not get a vote, but you do get a voice. :)

Shurm 14-10-2009 09:56

Re: 1000 Shares Issue!!!
 
Yeah I'm in Scotland sent an email, credit card in hand :D

Shurm 14-10-2009 09:58

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753391)
Even though this may have been the better first option when the crisis started, you can't turn back the clock. Maybe lessons have been learnt in certain quarters on how passionate Stanley fans are, and how helpful football fans in general are ( wouldn't suggest you try the latter too often though :rolleyes: )

The one big thing is that anybody buying these shares will actually be able to attend the AGM. I'm assuming it will be held annually not every 10/20/30 years as seems to be the current trend. You may not get a vote, but you do get a voice. :)

will need to be a big room. :D

ukcowboy 14-10-2009 10:19

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Redskin (Post 753369)
Bloody Amazing!...There you were plotting the take-over of ASFC, but when the club offer the opportunity for everyone to participate the negatives come-out again!........There's no pleasing some folk!

It's about saving the Club, not voting rights!!!!!!!!:mad:

You're damn right Im annoyed, I do not like being ripped off and at 250+vat PER SHARE I see that as a rip off.

If I recall correctly the original 'B' shares were valued at 1(one pound)..........Im sure that Jeff will correct me if Im wrong, now even taking fluctuations in the market to ridiculous levels, there is no way in hell they are now worth 250! If they were then the club is being valued at approx 2million pounds!!!.................That spells RIP OFF to me.......Redskin, if you want to waste your hard earned cash on this scheme then please go ahead and do so I am merely pointing out the way I see things................If ya dont like it then tough, I couldnt care less mate :)

Shurm 14-10-2009 10:29

Re: 1000 Shares Issue!!!
 
I know what your saying uk but the tickets are worth £150 and a shirt probably £40 so it's only really £60 for the share that's my view on it and people have given a lot more than that in fundraising events.

Just my view

Outback Ozzy 14-10-2009 10:44

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Shurm (Post 753404)
I know what your saying uk but the tickets are worth £150 and a shirt probably £40 so it's only really £60 for the share that's my view on it and people have given a lot more than that in fundraising events.

Just my view

Dress it up whichever way you want, but if the club sell all 1,000 shares in the next 2 weeks, it still comes down to the fact that Do'N and the remainder of the board will have got the club saved for free and still retain the right to run the club how they see fit. The maths add up as follows £250k for shares + over £100k in SOS fund (when you include Rovers game + Aztecs game and all other funds not yet listed). So that is £350k+ and what rights have share holders got, exactly none except to attend an infrequent AGM. Sorry Shurm, Redskin et al, I am with UKCowboy on this one.:mad:

However, if the story in the Evening Telegraph is to be believed and the end of the tax bill is nigh, i.e. bill paid and shares issued to repay short term loan from a local businessperson, then yes it may just be a good idea and in which case, I would probably purchase one if and when funds are available

Redskin 14-10-2009 11:02

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by ukcowboy (Post 753402)
You're damn right Im annoyed, I do not like being ripped off and at 250+vat PER SHARE I see that as a rip off.

If I recall correctly the original 'B' shares were valued at 1(one pound)..........Im sure that Jeff will correct me if Im wrong, now even taking fluctuations in the market to ridiculous levels, there is no way in hell they are now worth 250! If they were then the club is being valued at approx 2million pounds!!!.................That spells RIP OFF to me.......Redskin, if you want to waste your hard earned cash on this scheme then please go ahead and do so I am merely pointing out the way I see things................If ya dont like it then tough, I couldnt care less mate :)


It's funny when the boot is on the other foot isn't it!..........True Colours are being show now!!!!!

I shall do it for the right reasons, Unconditional Support!......

JEFF 14-10-2009 11:08

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Outback Ozzy (Post 753410)
Dress it up whichever way you want, but if the club sell all 1,000 shares in the next 2 weeks, it still comes down to the fact that Do'N and the remainder of the board will have got the club saved for free and still retain the right to run the club how they see fit.

It says in the report in the Telegraph that key figures within the club – including joint chairperson Dave O’Neill and chief executive Rob Heys – had pledged to put in a combined £100,000.

Accrington Stanley near end to tax saga (From Lancashire Telegraph)

Redskin 14-10-2009 11:13

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by JEFF (Post 753419)
It says in the report in the Telegraph that key figures within the club – including joint chairperson Dave O’Neill and chief executive Rob Heys – had pledged to put in a combined £100,000.

Accrington Stanley near end to tax saga (From Lancashire Telegraph)


I wonder if Mr Khan and the ASSF will now match it??????????

MCR ADIM 14-10-2009 11:20

Re: 1000 Shares Issue!!!
 
also we are getting a new kit which is about to come out end of this month!!!

caretaker 14-10-2009 11:38

Re: 1000 Shares Issue!!!
 
Well done the DON, didnt even need to sell a house, now thats what I call a business man, I think Stanley will be safe in your hands. The share certificate will look good framed and hanging in an alcove, On Stanley On.

Shurm 14-10-2009 11:48

Re: 1000 Shares Issue!!!
 
Look forget the shares what do you expect for £60 quid oh and out of that comes a framed certicate as well :D

10 games and a shirt and a chance to say well I did my bit seems a good idea to me.

Can't please everyone I suppose :rolleyes:

Doug 14-10-2009 11:50

Re: 1000 Shares Issue!!!
 
We have all had a stark choice; bail the club out or lose it. Mr. O’Neil will have paid EW handsomely for the right to own the club and according to Mr. T. he as invested a further £150k plus other Director’s have inputted around the £50K mark, now messes O’Neil and Hays are putting up another £100k and will no doubt have to reinvest again sometime.

Supporters, the public and other interested parties have given freely into the SOS fund and have asked for nothing in return only that all efforts are made to save the club; if the board have done their sums right, the crisis is over and we have to set about getting the cash in again long term to stop it happening again, this on the face of it is a good way of doing it and this time we get something for our efforts. Take it or leave it; but let other people use their own judgements.

teach 14-10-2009 12:02

Re: 1000 Shares Issue!!!
 
Seems to me like a really good idea. There are people out there who don't live locally, can't support the club by attending matches, putting money in buckets etc. They would have considered a donation of around £250 but getting even a little something back for it makes them more likely to spend the money. I will be buying one.:)

Wynonie Harris 14-10-2009 12:04

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Doug (Post 753431)
We have all had a stark choice; bail the club out or lose it.

Quite agree, Doug. I still think the club have made a major mistake by rejecting Ilyas's approaches. But in the end, I want to see my club playing league football, come November, so I'll be hopefully buying a share. The alternative of sitting in the pub every Saturday afternoon for the next 20-odd years, saying to myself "well, at least the club didn't get my hard-money!" just doesn't appeal. Now if only I can get Mrs H to see it that way! ;)

Doug 14-10-2009 12:16

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Wynonie Harris (Post 753438)
Now if only I can get Mrs H to see it that way! ;)

She won't; most likely tell you that you should know better, thing's are hard enough without wasting money on that :eek:….that's what I got. :o Now I’m lying like buggery. :rolleyes:


Going to do it anyway........ :D

Neil 14-10-2009 12:17

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Shurm (Post 753404)
I know what your saying uk but the tickets are worth £150 and a shirt probably £40 so it's only really £60 for the share that's my view on it and people have given a lot more than that in fundraising events.

Just my view

So in effect the club are borrowing money from ticket sales later in the year.

15 * 10 tickets = £150 * 1000 shares = £150,000 lost ticket sales revenue for the rest of the year.

Add to that the cost of 1000 framed certificates and 1000 shirts and it does not look like a good deal anymore for the club IMHO.

JEFF 14-10-2009 12:18

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by ukcowboy (Post 753402)
You're damn right Im annoyed, I do not like being ripped off and at 250+vat PER SHARE I see that as a rip off.

If I recall correctly the original 'B' shares were valued at 1(one pound)..........Im sure that Jeff will correct me if Im wrong, now even taking fluctuations in the market to ridiculous levels, there is no way in hell they are now worth 250! If they were then the club is being valued at approx 2million pounds!!!.................That spells RIP OFF to me.......Redskin, if you want to waste your hard earned cash on this scheme then please go ahead and do so I am merely pointing out the way I see things................If ya dont like it then tough, I couldnt care less mate :)

Pete, they are not selling shares at £250+vat each. They are selling a 'share package' which consists of 1 x 'B' share, 1 x frame to put it in, 1 x limited edition shirt, 10 x match tickets, 10% off hospitality packages and 10% off items from the Club Shop. The 'B' share content of the package could be valued at anything.

Revived Red 14-10-2009 12:26

Re: 1000 Shares Issue!!!
 
I'm afraid I'm still undecided. I would have liked the official announcement to be much clearer. For example, I would like to know how long the flexi tickets are valid for. If it's only for the current season, they are of little value to season ticket holders except possibly as gifts.

Also, I note that there will be an invitation to the AGM but there is no mention of voting rights at the AGM. I know that some people think this is irrelevant - but it isn't really. Shares are shares, and they come with rights; or they should do. Otherwise, as Simon has said, the £287.50 is little more than a donation. Redskin is correct in saying that it's everyone's opportunity to participate - but everyone has had that opportunity for several weeks. It could be argued that the only difference with this "share issue" is the giving of a framed document and other rewards of varying value.

Am I correct in thinking that a genuine share issue should have a prospectus?

Just my thoughts and worries. You don't have to share them!

lancsdave 14-10-2009 12:28

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Neil (Post 753442)
So in effect the club are borrowing money from ticket sales later in the year.

15 * 10 tickets = £150 * 1000 shares = £150,000 lost ticket sales revenue for the rest of the year.

Add to that the cost of 1000 framed certificates and 1000 shirts and it does not look like a good deal anymore for the club IMHO.


I think if you offer any football club chairman the chance to get the revenue from 10 games in advance he would snap your hand off.

Doug 14-10-2009 12:32

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753445)
I think if you offer any football club chairman the chance to get the revenue from 10 games in advance he would snap your hand off.

And some idiots will never use the tickets………..like me. :rolleyes:

Revived Red 14-10-2009 12:33

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753445)
I think if you offer any football club chairman the chance to get the revenue from 10 games in advance he would snap your hand off.

But he could lose the advance revenue from season ticket holders with people like me who can attend only about 10 games each season. As I'm probably in such a minority, maybe it doesn't matter.

lancsdave 14-10-2009 12:36

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Doug (Post 753446)
And some idiots will never use the tickets………..like me. :rolleyes:


You could use it as a staff incentive, pull their finger out or you will make them use your ticket :p

JEFF 14-10-2009 12:56

Re: 1000 Shares Issue!!!
 
1 Attachment(s)
Quote:

Originally Posted by Revived Red (Post 753444)
I'm afraid I'm still undecided. I would have liked the official announcement to be much clearer. For example, I would like to know how long the flexi tickets are valid for. If it's only for the current season, they are of little value to season ticket holders except possibly as gifts.

The flexi tickets are for any 2009-2010 League 2 game or friendly as per the announcement in last night's programme

Attachment 14635

Revived Red 14-10-2009 13:43

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by JEFF (Post 753451)
The flexi tickets are for any 2009-2010 League 2 game or friendly as per the announcement in last night's programme

Thanks, Jeff. It would have been useful if the official announcement had made that clear for the benefit of those of us who live at a distance and were unable to attend last night's game.

That restriction on the validity of the flexi tickets could make it a less attractive proposition to current season ticket holders. Macca wonders if the deal will attract enough of the 1000 hardcore supporters. It will not help the season ticket holders among that hardcore group.

Doug 14-10-2009 14:06

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Revived Red (Post 753465)
Thanks, Jeff. It would have been useful if the official announcement had made that clear for the benefit of those of us who live at a distance and were unable to attend last night's game.

That restriction on the validity of the flexi tickets could make it a less attractive proposition to current season ticket holders. Macca wonders if the deal will attract enough of the 1000 hardcore supporters. It will not help the season ticket holders among that hardcore group.

A lot will come down to the publicity, if the club resorts only to using the Programme and the Website it won’t do that much in my view, this is where the commercial department need to get their fingers out of certain orifices and utilise the media, local outposts as well as existing assets.

The Club Shop (big framed details on the wall clear for all to see) do the same thing on a smaller scale in the outpost like the Online Store, Ossy Mills, Gift Print, friendly Pubs. Get the Telegraph/Observer to donate half a page to get the share issue publicised. Local Library or any commercial enterprise interested in being an asset to the clubs long term survival…Get the message out. Bold and Clear.

Tealeaf 14-10-2009 14:32

Re: 1000 Shares Issue!!!
 
Would anyone like to guess what the take-up rate will be for these shares?

Bagpuss 14-10-2009 14:40

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Wynonie Harris (Post 753438)
The alternative of sitting in the pub every Saturday afternoon for the next 20-odd years, saying to myself "well, at least the club didn't get my hard-money!" just doesn't appeal. Now if only I can get Mrs H to see it that way! ;)

Mr H, you must have a face you pull when there is no game to watch on a Saturday, you know the one, bored, what am I doing here, she's going to suggest shopping soon. Just use it when trying to convince her that a small investment is better than looking at your face for years.;)

maccawozzagod 14-10-2009 14:41

Re: 1000 Shares Issue!!!
 
It could be a nice little way for businesses to get behind the club.

£250 (most of em will get the VAT back) secures them a ltd edition shirt to hang in the reception, ten tickets to give away to staff or customers, and a framed certificate to say that xyz company part own Stanley. Marketed that way there would be a good chance of decent take up around the business parks.

I've also emailed Dan regards whether an installment package could be produced, fifty notes + vat for five months might be a lot more ameniable to us general riff raff :D

I'd still like to know what the overall percentage share is though, just in case I win £250k on the lotto tonight ;)

Bagpuss 14-10-2009 14:42

Re: 1000 Shares Issue!!!
 
Macca can we ask them if they can chuck in a limited edition badge?

Stanleymad 14-10-2009 14:45

Re: 1000 Shares Issue!!!
 
Lol so finding the excuses to the misses funny any luck fella's ?

maccawozzagod 14-10-2009 14:49

Re: 1000 Shares Issue!!!
 
if they sell em all I think we should produce one baggie

Neil 14-10-2009 15:06

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by lancsdave (Post 753445)
I think if you offer any football club chairman the chance to get the revenue from 10 games in advance he would snap your hand off.

Maybe but this money will be used to pay of tax debts from how many years ago? It will not be used to invest in the club for this season so it is in effect lost ticket sales.

VALAIRIAN 14-10-2009 15:16

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by JEFF (Post 753361)
We have been asking for a share issue (more or less demanding it) ever since the winding up order was made. Now a share issue has been made everybody is complaining about it and finding things wrong with it. I, for one, will be subscribing to it and I hope that all the people who have been demanding it are subscribing to it as well. I think it's a good move by DON and I hope that all 1000 shares are sold.

Great post Jeff, I am with you all the way and will be getting one :)

K.S.H 14-10-2009 15:22

Re: 1000 Shares Issue!!!
 
Me too

VALAIRIAN 14-10-2009 15:27

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Tealeaf (Post 753475)
Would anyone like to guess what the take-up rate will be for these shares?

I will guess 100% :)

shakermaker 14-10-2009 15:40

Re: 1000 Shares Issue!!!
 
1) How on Earth is this a "longer term income generator" when the most it can bring in is £250,000? That would barely cover our tax debt even if it was being used entirely for that purpose. That's not even mentioning the £150,000 owed to Eric Whalley and other debts.

2) Are these new shares or have they been bought from other shareholders and resold? If they have been bought from other shareholders, will the people who bought them be taking their money back out of each £250?

edit:

3) Where has the money come from to pay for the new kit?

Gayle 14-10-2009 16:54

Re: 1000 Shares Issue!!!
 
Just a thought - it doesn't bode well for their optimism about promotion that they are saying that it's for any League 2 game. :D Presumably it's transferable if they find themselves playing League 1 football next year.

deeayess 14-10-2009 17:18

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Gayle (Post 753520)
Just a thought - it doesn't bode well for their optimism about promotion that they are saying that it's for any League 2 game. :D Presumably it's transferable if they find themselves playing League 1 football next year.

It wouldn't matter as it is for season 09/10 only apparently

Kiwi John 14-10-2009 17:25

Re: 1000 Shares Issue!!!
 
Well, ' She that must be obeyed' has told me enphatically "NO". If it was a real share issue, with voting rights etc, she would consider and most likely say yes. As she dosen't share the same passion for our great wee club as I do, and because the funds would have to come from 'our ' a/c ,as opposed to mine, its a "No no" for us. I am still completely stupified as to why they didn't accept Ilyas 's offer earlier. This to me is a more 'Upmarket bucket collection'. I really do hope it works, and going by the mostly positive feedback on here, should that feeling prevail in the greater community, then success is assured.
Good luck STANLEY

maccawozzagod 14-10-2009 17:45

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by shakermaker (Post 753500)
1) How on Earth is this a "longer term income generator"

because it may take a while to sell them?

Quote:

Originally Posted by shakermaker (Post 753500)
2) Are these new shares or have they been bought from other shareholders and resold? If they have been bought from other shareholders, will the people who bought them be taking their money back out of each £250?

old shares revalued. they are 'b' shares which sold for ten pounds each. I would imagine that the previous holder will have been paid for them already but the big question is who by?

Tealeaf 14-10-2009 17:46

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by VALAIRIAN (Post 753495)
I will guess 100% :)

I think you are being very buoyant. OK....alot of the guys on this website will take up the offer. But are people on here representative of your typical ASFC fan, in terms of the money they have available to purchase these shares? I think not...my guess is that the posters on here have a financial profile with an higher average disposable income than that of the other 1200 or so attending fans

Aside from that, there is no prospectus that I have seen relating to this share issue other than the details published on the club website. It would appear that there are no inherent voting rights with these shares and as for possible future dividends, I think you can forget about it - those will be confined to the A shares.

To put it quite simply, if this was a share issue offered by a business other than a football club such as Stanley, with the immense brand loyalty that it commands, no investor would touch it with the proverbial bargepole.

Nevertheless, these shares will be purchased. But like previous over-optimistic projections on turnstile income, I doubt if the share offer will be fully taken up - and I also doubt if it has been underwritten. I suspect the the powers-that-be are looking at an anticipated take up figure of 500, which with the rest of the funds available should just get us out of the mess - for now. 'Owt more will be a bonus

Shurm 14-10-2009 17:50

Re: 1000 Shares Issue!!!
 
Can I just ask has anyone actually bought one of these today ? I sent 2 emails at 9am as I'm on holiday in Scotland at the moment and have not received a reply ( one to Rob one to the commercial dept) had credit card ready all day with phone on me. !!!!!

shakermaker 14-10-2009 18:09

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by maccawozzagod (Post 753536)
because it may take a while to sell them?

That doesn't make it a "longer term income generator" though, does it. Whether it's £250k over a month or £250k over a year it's still £250k. That's all this scheme can ever generate and seeing as the people who own the club aren't putting in any more money it's obvious that ASFC will be in a perilous position once more. It'll be a miracle if it's not before the start of next season.

Mr O'Neill, the offer from the ASSF would've been beneficial in the long term. ASSF would've cleared all debts and there'd still be a massive amount of shares to be bought at affordable prices. That would've been a "longer term income generator".

I'm not going to spend a week's wages on a share package if any amount of it will be taken back by whoever paid for the shares that are being sold.

Tealeaf 14-10-2009 18:20

Re: 1000 Shares Issue!!!
 
Has there been any reference made to a cut-off date at which the share offer formally closes? Or will it be open-ended while there are shares available to sell? Anyone know?

Willie Miller 14-10-2009 18:41

Re: 1000 Shares Issue!!!
 
Everyone will have their opinion on this.....

For me, fans were desperate for a share issue when they were spending Illyas Khans money. Now it is thier money on the line, fans are negative... Bizarre!

Some will take it up, some won't!
If I was a "won't" I still wouldn't post anything negative for fear of changing someones mind who will commit £250 to the cause

Rob & David have taken some flak but have come up with step 1 in a legitimate plan for the future. ASFC must be self sufficient whether a benefator is out there or not. After all, Jack Walker passed away at Ewood & the spending slowed down.

The value for money issue is irrelevant. Nobody should be buying a share as a business deal. Its to save the club. Its to own a piece of ASFC however small. Its something to tell people over dinner parties. I am an ASFC shareholder! Briliant. It will be a weeks wage but I am in.... The value of Stanley, to me, is priceless & so I will get my 0.001% of priceless.

On Stanley On!

simon 14-10-2009 18:55

Re: 1000 Shares Issue!!!
 
You have got to view this in 2 ways......

1 Chance to buy a bit of ASFC history, Get a shirt, Tickets and Certificate, with a TOKEN share attached to it, and helping the club at same time. This is firmly aimed at Loyal supporters and interested people. AND I think that it is well thought out for those people and will recieve a fair response.

2 You may want to invest in the club by a Share Issue, and get a voice and vote in ASFC's future, and help ASFC in the long term. This is not such an opportunity.

Willie Miller 14-10-2009 18:59

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by simon (Post 753560)
2 You may want to invest in the club by a Share Issue, and get a voice and vote in ASFC's future, and help ASFC in the long term. This is not such an opportunity.

Anyone who wants that should now be join ASSF or OSC & be a driving force in a Supporters Trust....

Tealeaf 14-10-2009 19:00

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Willie Miller (Post 753557)
For me, fans were desperate for a share issue when they were spending Illyas Khans money. Now it is thier money on the line, fans are negative... Bizarre!

On Stanley On!

...But it not a case of being negative. The Illyas offer, as far as I understand, encompassed the purchase of A shares....OK, in a diluted form, but nevertheless giving some voice by the supporters into the running of the club. This does nowt, other than allow for a bit of reshuffling the balance sheet.

Bagpuss 14-10-2009 19:15

Re: 1000 Shares Issue!!!
 
Quote:

Originally Posted by Willie Miller (Post 753557)
For me, fans were desperate for a share issue when they were spending Illyas Khans money. Now it is thier money on the line, fans are negative... Bizarre!

Too right but this is not a share issue as such more of £250 for a picture of a share and a shirt/ticket package, not being negative just want people to realise what they would be buying, I think I've sold two already, just need Mrs B to start thinking how I do to make it 3.:)

Tin Monkey 14-10-2009 19:19

Re: 1000 Shares Issue!!!
 
I don't see this as being a replacement for what Ilyas Khan was proposing. It's a money making venture and if it 'reshuffles the balance sheet' in a positive way, then it's a great idea. This isn't a reallocation of shares. It's the same thing that happened 17 or so years ago when John Alty sold B shares for £10 each. They were never worth that and never will be, but people bought them to have a little piece of the club.


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