javeajag Posted March 10, 2015 Report Share Posted March 10, 2015 email dropped into inbox from PTFC seeking approval for a shareholder resolution giving the Board the authority to issue new shares in the club They are actively looking for new investors and there is a hint that finances are not great eg crowds are down this season Interesting Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted March 10, 2015 Report Share Posted March 10, 2015 The opportunity for more people to purchase shares in the club is something that I have wanted to see for many years. It will be interesting to see how this pans out. Quote Link to comment Share on other sites More sharing options...
JeanieD Posted March 10, 2015 Report Share Posted March 10, 2015 I just hope that no convicted tax criminals apply to buy into the club. Quote Link to comment Share on other sites More sharing options...
stillresigned Posted March 10, 2015 Report Share Posted March 10, 2015 I just hope that no convicted tax criminals apply to buy into the club. Allegedly he's put undreamt of wealth into our Southside neighbours! Quote Link to comment Share on other sites More sharing options...
The Sunnylaw Jag Posted March 10, 2015 Report Share Posted March 10, 2015 I just hope that no convicted tax criminals apply to buy into the club. I don't know I'd be tickled if Ken Dodd bought shares. Quote Link to comment Share on other sites More sharing options...
JeanieD Posted March 11, 2015 Report Share Posted March 11, 2015 I don't know I'd be tickled if Ken Dodd bought shares. I believe The Diddy Men have also made financial commitments elsewhere in the past wee while. Quote Link to comment Share on other sites More sharing options...
Garscube Road End Posted March 11, 2015 Report Share Posted March 11, 2015 I see that this thread is about to hit the buffers of Pun Central! Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted March 11, 2015 Report Share Posted March 11, 2015 I am wondering if this is a prospective release of new shares in the hope of general new investment, or if they have someone lined up ready to invest in exchange for shares. If it is the former, it would be a funny time of year to do that and would suggest that the finacial situation is much worse that believed. I'm therefore wondering about the latter, in the week when delegates from Qatar are in town setting up a friendly with the SFA. Just thinking like. Quote Link to comment Share on other sites More sharing options...
Paulo Posted March 11, 2015 Report Share Posted March 11, 2015 How quickly would this turn around if it was just a general issue? Maybe it's an early start to looking for general investment in the close season. Quote Link to comment Share on other sites More sharing options...
javeajag Posted March 11, 2015 Author Report Share Posted March 11, 2015 The letter states they are seeking new investment and want this approval so they can do so quickly.....not clear whether there are people waiting Quote Link to comment Share on other sites More sharing options...
ian_mac Posted March 11, 2015 Report Share Posted March 11, 2015 I think we need some confirmation from the club stating exactly why they are proposing this new share issue. To me at face value it looks like an extremely worrying development. We all know the club have resisted this type of move in the past. It dilutes the value of existing shareholders, the likes of the McMasters and Tom Hughes won't have anywhere near as much clout as they do now. This leads me to believe that this move is being done out of necessity/desperation. The club really need to clarify this ASAP. 4 Quote Link to comment Share on other sites More sharing options...
ifu03340 Posted March 11, 2015 Report Share Posted March 11, 2015 I haven't seen the email (I get some & not others in true thistle fashion). Is there much more content to it or simply the need for the new share issue Quote Link to comment Share on other sites More sharing options...
ian_mac Posted March 11, 2015 Report Share Posted March 11, 2015 You won't have received it unless you are a shareholder. Quote Link to comment Share on other sites More sharing options...
Richard Nixon Posted March 11, 2015 Report Share Posted March 11, 2015 The idea that there's Croesus-like people who would be interested in buying up Thistle is hilarious. 1 Quote Link to comment Share on other sites More sharing options...
jags365 Posted March 11, 2015 Report Share Posted March 11, 2015 Colour me surprised that the joint largest shareholder have received no email so far.... Quote Link to comment Share on other sites More sharing options...
ClydebankJag Posted March 11, 2015 Report Share Posted March 11, 2015 Funnily enough just 2 weeks ago a work colleague was telling me of a lawyer he knows that is working on a restructuring that would see £100k invested in Thistle. I assumed that it is connected to the south terracing, but maybe not. Quote Link to comment Share on other sites More sharing options...
Peaty FC Posted March 11, 2015 Report Share Posted March 11, 2015 Colour me surprised that the joint largest shareholder have received no email so far.... Neither has one of the smallest shareholders. Anyone received an old fashioned letter? Quote Link to comment Share on other sites More sharing options...
Lambies Lost Doo Posted March 11, 2015 Report Share Posted March 11, 2015 If the club is needing more money then it shows the current things that we can do are very important 1. Buy a season ticket. 2. Sign up for The Centenary Fund 3. Sign up for Tag - especially "Nomads" Other simple things we can do are 1. Buy programmes, food, merchandise, Aitken Suite before and after the game. 2. Bring a friend. Get more to attend. Quote Link to comment Share on other sites More sharing options...
potty trained Posted March 11, 2015 Report Share Posted March 11, 2015 If the club is needing more money then it shows the current things that we can do are very important 1. Buy a season ticket. 2. Sign up for The Centenary Fund 3. Sign up for Tag - especially "Nomads" Other simple things we can do are 1. Buy programmes, food, merchandise, Aitken Suite before and after the game. 2. Bring a friend. Get more to attend. Why? Since the SFA changed their rules, clubs are no longer companies that can go bust, they are nothing more than a name. In actual fact, all they will be requesting is for people to buy shares in a company who currently runs a football club. That company could go bust, it wouldn't matter a jot anymore. As long as a new company could come along. And seen as practically anyone can start a business, what's the problem? I would suggest that anyone who wants fan ownership, the last thing they should be doing, is buying shares in this company. Let the company go bust? That's how it works now, no? Quote Link to comment Share on other sites More sharing options...
1 John Lambie Posted March 11, 2015 Report Share Posted March 11, 2015 Why? Since the SFA changed their rules, clubs are no longer companies that can go bust, they are nothing more than a name. In actual fact, all they will be requesting is for people to buy shares in a company who currently runs a football club. That company could go bust, it wouldn't matter a jot anymore. As long as a new company could come along. And seen as practically anyone can start a business, what's the problem? I would suggest that anyone who wants fan ownership, the last thing they should be doing, is buying shares in this company. Let the company go bust? That's how it works now, no? For the 'big' teams, yes, I wouldn't trust it would happen for us or other teams deemed 'disposable'. Quote Link to comment Share on other sites More sharing options...
Third Lanark Posted March 11, 2015 Report Share Posted March 11, 2015 Why? Since the SFA changed their rules, clubs are no longer companies that can go bust, they are nothing more than a name. In actual fact, all they will be requesting is for people to buy shares in a company who currently runs a football club. That company could go bust, it wouldn't matter a jot anymore. As long as a new company could come along. And seen as practically anyone can start a business, what's the problem? I would suggest that anyone who wants fan ownership, the last thing they should be doing, is buying shares in this company. Let the company go bust? That's how it works now, no? didnt happen to Third Lanark, airdrieonians, Clydebank, Gretna or st Bernard's - it's only been allowed for a certain club Quote Link to comment Share on other sites More sharing options...
Garscube Road End Posted March 11, 2015 Report Share Posted March 11, 2015 Still, if successful it should give Archie a cash boost for our promotion bid next season. 1 Quote Link to comment Share on other sites More sharing options...
The Sunnylaw Jag Posted March 11, 2015 Report Share Posted March 11, 2015 I am wondering if this is a prospective release of new shares in the hope of general new investment, or if they have someone lined up ready to invest in exchange for shares. If it is the former, it would be a funny time of year to do that and would suggest that the finacial situation is much worse that believed. I'm therefore wondering about the latter, in the week when delegates from Qatar are in town setting up a friendly with the SFA. Just thinking like. With thinking like that you should apply for a job on the Daily Ranger. Quote Link to comment Share on other sites More sharing options...
javeajag Posted March 11, 2015 Author Report Share Posted March 11, 2015 A positive view would be that we have new shareholders lined up ... So let's turn it into a negative ! Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted March 11, 2015 Report Share Posted March 11, 2015 A positive view would be that we have new shareholders lined up ... So let's turn it into a negative ! When do you have to vote on this by? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.