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New Chairman?

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FishOutOfWater
September 26, 2011, 1:47pm
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Quoted from sonik


Perhaps trust and in this together stood for something then. That's my guess and not fact!


Now just where have I heard this before......
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GollyGTFC
November 7, 2011, 11:19am

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Quoted from forza ivano


very interesting analysis golly, although don't think your maths are quite right.both 80s glory and i have come up with basically the same figures, using the starting point of 500,000 shares each and then working out how the oft mentioned 54% figure could be made to work - think we differ on the miscellaneous share ownership figures.
apart from that seems pretty logical and i deffo agree with you on the personality traits involved


Not that it matters now but the accounts indicate I was more right than you and 80sglory.

The shares at the time were...

Parker 1,000,000 (approx 54%)
Fenty 575,000 (approx 31%)
Elsom 25,500 (approx 1.4%)
Chapman 500 (approx 0.03%)

So, the extra £100,000 I estimated Fenty had bought were actually split £75k to Fenty and £25 to Elsom. I imagine Elsom's £25k was invested to repay Furneaux's director's loan.

The shares at the current time would appear to be...

Fenty 575,000 (approx 31%)
GTST 522,000 (approx 28%)
Parker 500,000 (approx 27%)
Elsom 25,500 (approx 1.4%)
Chapman 500 (approx 0.03%)

Now, unless something changes (GTST getting a seat or Parker rejoining the board) more than 50% of shares will still be outside the boardroom. As this was the stated reason for Fenty quitting, should he become Chairman again without this issue being sorted out he will be a hypocrit.
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80sglory
November 7, 2011, 11:24am
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Thanks for posting, interesting.

I wonder, is it possible GTST could sell some of their shares to JF ?

I guess a seat on the board looks unlikely...

Or alternatively, maybe neither will matter.
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GollyGTFC
November 7, 2011, 11:27am

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I have edited my original statistics to include the 22,000 shares the GTST already owned.
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forza ivano
November 7, 2011, 12:26pm

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Quoted from GollyGTFC
I have edited my original statistics to include the 22,000 shares the GTST already owned.


not arguing with you golly but aren't there thousands of shares owned by others?
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GollyGTFC
November 7, 2011, 1:28pm

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Quoted from forza ivano


not arguing with you golly but aren't there thousands of shares owned by others?


The total issued shares is in the region of £1.85m, meaning there are approximately £225,000 (around 12%) belonging to A.N. Other.

I only put in figures for directors and significant others (in red text).
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Super Clive
November 7, 2011, 2:03pm
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Cheers golly for your time and effort mate makes this very confusing situation a little less .

Cheers mate utm
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