I think there's been far too much talk about who's going to 'win' this EGM, when the reality is that neither side can win outright. Both sides will still have their +25% shareholdings, and both sides will be able use that to stop the other from doing exactly what they want, if they want to.
King will have to dance carefully if he wants to raise funds through a new share issue, as Ashley & Co could stop that dead in its tracks, and I think he would do exactly that while offering more loans. Like he has recently.
Unless Ashley's shareholding is diluted somehow - SFA perhaps - then King will just be a shareholder's puppet, doing their bidding while being unable to fully implement his 'grand master plan'. Again, if the SFA allow him on board.
---------
I see many of the supporters' groups are now calling for postal voting and proxying over mass EGM attendance. It's a good thing they read the Sons of Truth warning on twitter and FB. If the Sons of Struth group don't pay sufficient heed to the warnings, they'll be the sole reason for the EGM being re-scheduled to a later date. Is the lure of faces on TV and a chance to make LOUD NOISES! too much for them to resist?
Sons of Truth Facebook page: https://www.facebook.com/pages/Sons-of-T...4633356656
And their warning post -
King will have to dance carefully if he wants to raise funds through a new share issue, as Ashley & Co could stop that dead in its tracks, and I think he would do exactly that while offering more loans. Like he has recently.
Unless Ashley's shareholding is diluted somehow - SFA perhaps - then King will just be a shareholder's puppet, doing their bidding while being unable to fully implement his 'grand master plan'. Again, if the SFA allow him on board.
---------
I see many of the supporters' groups are now calling for postal voting and proxying over mass EGM attendance. It's a good thing they read the Sons of Truth warning on twitter and FB. If the Sons of Struth group don't pay sufficient heed to the warnings, they'll be the sole reason for the EGM being re-scheduled to a later date. Is the lure of faces on TV and a chance to make LOUD NOISES! too much for them to resist?
Sons of Truth Facebook page: https://www.facebook.com/pages/Sons-of-T...4633356656
And their warning post -
Sons of Truth Wrote:7 February at 14:28 ยท
I've had a read at Sons of Struth page and it appears that the vast majority dont want people to travel to London, however i fear it will fall on deaf ears in relation to the fans spokespersons who smell an ideal opportunity.
Here is why, in my opinion, no-one should go.
"The chairman of the meeting may adjourn a general meeting at which a quorum is present if-
(2) it appears to the chairman of the meeting that an adjournment is necessary to protect the safety of any person attending the meeting or ensure that the business of the meeting is conducted in an orderly manner.
(3) The chairman of the meeting must adjourn a general meeting if directed to do so by the meeting.
(4) When adjourning a general meeting, the chairman of the meeting must-
(a) either specify the time and place to which it is adjourned or state that it is to continue at a time and place to be fixed by the directors, and
(b) have regard to any directions as to the time and place of any adjournment which have been given by the meeting.
(5) If the continuation of an adjourned meeting is to take place more than 14 days after it was adjourned, the company must give at least 7 clear days' notice of it (that is, excluding the day of the adjourned meeting and the day on which the notice is given)-
(a) to the same persons to whom notice of the company's general meetings is required to be given, and
(b) containing the same information which such notice is required to contain.
(6) No business may be transacted at an adjourned general meeting which could not properly have been transacted at the meeting if the adjournment had not taken place."
Dont anyone dare say, you havent been warned.