Letter and message from Ilyas - Page 2

Tommy McQueen · 03-04-2009, 11:13

I also am a shareholder and I have recieved no communication from the club or elsware. We have never had a shareholders meeting for some years now probably five, we are getting the mushroom syndrome. I would welcome a meeting, and would under certain circumstances probably invest a little bit more in the club.

K-P · 03-04-2009, 11:19

Its gotta be more than 5 yrs.. I heard pre eric the last one ...

Tommy McQueen · 03-04-2009, 12:12

No K.P it's definitely during Erics reign, spoke to a fellow shareholder and he thinks four years. However it's far too long. I was only saying to the wife if (when) David takes over I will be writing to him, asking for a shareholders meeting.
I doubt very much if we will ever hear from the Club, regarding the letter from Ilyas.

Tin Monkey · 03-04-2009, 12:16

You've done really well then Tommy, as I haven't been invited to a meeting since Terry Styring was kicked off the Board. That was well before Eric took over.

K-P · 03-04-2009, 12:22

I havent got any.. All before my time I think.. But how many where available at what cost and how many did the fans buy in total.. Anyone know?

JEFF · 03-04-2009, 12:24

At the moment the Club is 'In the full control of Mr. E. Whalley' according to the accounts lodged at Companies House, so if Mr. E. Whalley votes not to have a shareholders meeting there is no shareholders meeting as he cannot be outvoted . If there was a meeting there is nothing the shareholders can do because whatever Eric votes on is carried as he has 56%. I don't think it is longer than four or five years since the last meeting.

K-P · 03-04-2009, 12:38

So apart from helping to support the club in there hour of need... was there any benefit to buying shares?

Tommy McQueen · 03-04-2009, 12:51

The shares were opened up to the supporters at a meeting with the former chaiman John Alty. I don't think a lot of people took advantage of the offer.I know two of us purchased some shares.
Eric sent out a letter asking for people to donate their shares back to the Club, as quite a few owned one pound shares at that time. I think the reson was so that the Directors could purchase shares. Needless to say I and my mate did'nt.
Yes K.P. there does'nt seem to be any advantage in owning shares, other than when we did have shareholders meeting we did at least get to know the financial situation for the previous year, we were given audited accounts to study.

Tin Monkey · 03-04-2009, 18:02

You're quite right, there is no advantage at all to owning shares in Stanley. I never bought mine as an investment, just merely to help the club out when they were strapped for cash.

I think the main reason why I have never heard anything about meetings, etc, is because the club no longer has my address as a shareholder. I've moved a few times since I bought the shares.

lindsay ormerod · 03-04-2009, 18:15

I hope the Club has a sudden attack of common sense and listens to Ilyas Khan and his suggestions; I know him to be a man of sound character and integrity , a man deeply involved in sport in Accrington, not just Stanley or football either! This is a generous man who doesn't court publicity but has our interests at heart.
Stanley, ignore this at your peril!

Doug · 03-04-2009, 18:18

I'd like to meet Mr. Khan, if only to shake his hand........what is now, 47 years ago. If there is a issue, I'm in for what I can scrap together but for god shake don't tell Joyce.

Cheers K-P.......

Wynonie Harris · 03-04-2009, 20:04

Quote:

Originally Posted by lindsay ormerod

I hope the Club has a sudden attack of common sense and listens to Ilyas Khan and his suggestions; I know him to be a man of sound character and integrity , a man deeply involved in sport in Accrington, not just Stanley or football either! This is a generous man who doesn't court publicity but has our interests at heart.
Stanley, ignore this at your peril!

Nail...head...hit.