I was part of the follow up meetings in regards to the organisation of the 'New Trust' which seemed to be being headed up by Ian Maxwell, Lance Gilmour and Greig Brown. If what was discussed during these meetings (last one I attended/is aware of was back at the end of March if I recall) then it appears the club want to set up localised branches which dependent on size would have up to a maximum of 2 representatives to attend quarterly meetings with some of the PTFC LTD Board.
These groups were to be set up firstly be geographic location, ie Maryhill branch, City Centre etc much as the buses are, along with North Stand, Season Tickets, Under 16s, Disabled fans. All these groups would be asked to adhere to a 'light' constitution which would be delivered by the club in order to be able to send reps to meet the Board. Obviously from this there is no certainty that the club Board would have to listen to these representatives when it comes to issues like Propco/AGMs etc.
The way I personally view the situation, if this indeed what is to happen, is a sort of Rangers situation with a 'club approved' Trust and the troublemakers - Jags Trust. The Jags Trust was the joint largest shareholder with 1 million shares and if the full 1.2 Million has now been allocated to a new single investor then obviously we will no longer be joint largest, however it will still leave us with a substantial holding, though we would obviously require the support of others if we ever had to block or vote down anything at AGMs/EGMs.