Says the board have rejected May’s offer to purchase £1m in shares to be used to “as contribution towards the cost of a new training facility for use of the Club and also the local community”.

https://www.grimsby-townfc.co.uk/news/2020/december/club-statement

Absolute horseshit, for a kick off.

Secondly, nobody invests a million quid in a failing club without wanting something in return, and certainly not a convicted fraudster.

Reads to me as if they’re blaming fans for missing out on £1 million.

intercourse the lot of them. Get out Fenty

Trying to shut the stable door after the horse has bolted!

It’s our fault we missed out on a £1million no strings share donation.

Get copulated!
Don’t urine in my face and tell me it’s raining.

Quoted from davmariner

Reads to me as if they’re blaming fans for missing out on £1 million.

Yep, that’s how I read it. Must think we’re fuccking daft.

So over the course of a 15-minute radio interview and a statement issued to the Telegraph, May decided not to mention this incredible act of philanthropy at all. He did, however, mention that he wanted to acquire a small number of shares, assist in the club relocation and introduce other investors.

Anyone actually swallow this?

Quoted from davmariner

Reads to me as if they’re blaming fans for missing out on £1 million.

No change there then.

I thought he said he wanted to buy a few shares ?!! So much bollox it’s getting even more embarrassing for gtfc . Whoever was told to put this statement out should’ve refused.

When did they reject this offer not before saturday i guess.. when it all came out

May said on the radio earlier he was not proceeding with buying shares so how can the board reject this tonight? Absolute horseshit

Wonder if he was asked to show proof of funds?

He's got a million pounds????

Who essentially gifts £1 million to a football club for which they've no emotional connection?  His motivation just doesn't compute, unless he's so keen to improve his reputation that he'll throw money at the most desperate of businesses.

It should read, we was going to accept his money however you rotten lot have spoilt that and now we can’t. Every time players moan about the poor facilities we will blame the fans!!!

If he's got a spare £1m to donate to us, why isn't he using this money to as he quoted 'clear his name'  ?

I can’t remember the article number but when Mike Parker bought the shares he triggered it.

“Under the current PLC rules once a shareholding gets to 30%+ they must make an offer to all other shareholders at the highest price paid.”

£1m of shares is well over 30% - why would it not trigger this time?

Wouldn't buying £1 million in shares have triggered him having to make an offer for everyone else's? Like what happened to Mike Parker when Fenty snaked him.

And where would this convicted felon's money have come from?

And lead us not into temptation, but deliver us from evil.

Quoted from Henryscat

I can’t remember the article number but when Mike Parker bought the shares he triggered it.

“Under the current PLC rules once a shareholding gets to 30%+ they must make an offer to all other shareholders at the highest price paid.”

£1m of shares is well over 30% - why would it not trigger this time?

Think it’s 51% not 30. The threshold is when you can outvote all the other shareholders put together.

Mr day you full of it,if he was to buy 1 million pounds worth of shares it would bring the f a rule 9 into play.Rule nine is whereby if a shareholder buys more than 26% of shares then he must offer all other shareholders the right to buy all their shares.Lies lies lies mr day and get lost Fenty your finished both in the council and NOW the football club.GET OUT OF OUR CLUB

This just poses more and more questions, this has quite some way to run as that would have essentially made him the largest shareholder by some margin.

There are currently £2,377,900 worth of shares in issue another million of shares would take it to £3,377,900, £1m divided by £3,377,900 is 29.6%, so just under 30%.

“Give us a million quid for a new training facility. Which will mean I can sell GTFC for money. And I will give you all the work for our relocation, that we can do through a joint business enterprise.”

I have zero trust that Fenty and co are acting in the clubs best interests at all. First time I’ve said this....... Fenty out.

Mr Day you lying toad buying that amount of shares would bring rule 9 into force.

how does a convicted fraudster, not that long out of prison, suddenly come up with a million quid in spare cash?

and if it was a million, why did May mention a small purchase of shares?

Mr Day - you have really gone down in my estimation. You came across as having some morals

By way of showing the fans displeasure at what is taking place I would suggest that no fans purchase tomorrow nights match on iFollow and continue this for the time being albeit season ticket holders may wish to watch to get some value for their money.

Total horsesh1t.

When will we make the news for on field activities?

Everything about this club is tawdry.

Mr May to the board : "Hi im not really mr may as i had to change my name due to a few million quid i ripped off in mortgage fraud but anyway down to business..

I want to give you a million quid for a new training facilty and a bit for the community,  just give me some shares back and oh and by the way im bent and have done a bit of bird a few years ago but i didn't do it honestly. Its just have a million large hanging around in my back pocket"

Mr fenty : "here's my number"

Quoted from TheRealJohnLewis

There are currently £2,377,900 worth of shares in issue another million of shares would take it to £3,377,900, £1m divided by £3,377,900 is 29.6%, so just under 30%.

That explains it.  Good work.

The butcher, the baker and the candle stick maker? No. The fish merchant and his two professional stooges.

Why is the top brass at this football club so full of crap?

Non of this adds up. Either May is lying or Day is.

Quoted from TheRealJohnLewis

There are currently £2,377,900 worth of shares in issue another million of shares would take it to £3,377,900, £1m divided by £3,377,900 is 29.6%, so just under 30%.

Exactly. All contrived - they’ve been rumbled.

Don't forget May is a convicted Con Man....believe anything he says or offers at your peril.Lies are his native tongue.  I'm sure there are some embarrassed people with GTFC right now but just who has suckered who? Of course the kangaroo court aka the Fishy will only believe what suits their agenda.Is there another demise for this board on the horizon?

Quoted from SomeSanity

Why is the top brass at this football club so full of crap?

Non of this adds up. Either May is lying or Day is.

"Brilliantly run club, the best I've ever been at"

I’ve a feeling this will roll on and we’re going to finally see Fenty’s downfall here.

For all the embarrassment it’s causing, if the end game is Fenty and his cronies clearing off, then I’ll watch on with a hint of excitement as this mess unfolds.

Fenty Out

Quoted from Stranger in the Park

Don't forget May is a convicted Con Man....believe anything he says or offers at your peril.Lies are his native tongue.  I'm sure there are some embarrassed people with GTFC right now but just who has suckered who? Of course the kangaroo court aka the Fishy will only believe what suits their agenda.Is there another demise for this board on the horizon?

We, the fans, have been lied to soo much from the board, over the past couple of decades, I don't believe a word they have to say either.

Well.

According to the accounts in companies house, Mr Fenty’s shareholding is 975000. Mr Fenty wants to sell but wants to keep control. Mr Day wants control but can’t be a director. Hmm.

Think the club are saying it was to be a donation, but who donates that sort of dosh without expecting anything back, not to mention wondering where the hell he got the money from.

Also, why couldn't they just say we have rejected his offer, without telling us the amount. It's clearly them saying, look how much money you fans have lost us.

I knew it,  of cause it's the fans fault...

How did we all know that was coming!!

You knew when a statement came it’d be our fault and would ask more questions than it gave answers. Like clockwork these bunch of jokers. Fenty out.

How does a Public Limited Company reject an offer to buy shares exactly?

Oh just intercourse off Fenty you parasitic incompetent cretin. Just intercourse off.

Take your flipping useless mates and intercourse off,

Absolute bunch of lying illegitimates. Literally blaming the fans now.

Never thought the club could sink any lower...

Quoted from KingstonMariner

Think it’s 51% not 30. The threshold is when you can outvote all the other shareholders put together.

It’s definitely 30% (Part 28 of the companies act) but as therealjohnlewis has rightly corrected me (here and I think on twitter) the additional shares would make it 29.6% so it wouldn’t trigger.

We've hit the nail on the head here if it weren't for us bloody fans we'd be able to get at least half way up the table in D4.

Quoted from immariner

How does a Public Limited Company reject an offer to buy shares exactly?

Not sure even out super duper hi-tech online club shop would cope with a £1m order!

I’m not sure I was this embarrassed about the club after the Burton debacle...

Is this all the club can offer as a statement after everything that has been said, reported (locally and nationally), resulted in the resignation of our deputy council leader?? Are you really going to imply that the supporters of this club are in someway responsible for GTFC losing out in a shiny new training facility? What no apology, no resignation(s). Your like parasites, sucking out all the goodwill  the great fans generate year after year. You live in a deluded universe were you laud it over your imaginary kingdom. You couldn’t make it up. Your a bunch of idiots, despised by most, except your most loyal servants. An embarrassment to the Town. Fenty you failed to bring this club success in any form, failed to deliver on a stadium, failed to use your political connections for the benefit of GTFC, failed in your role in the council, failed in judgment. Failure. And to your merry band of twerps, you should be ashamed of yourselves!!

Quoted from LH

Not sure even out super duper hi-tech online club shop would cope with a £1m order!

Ha it would need to be jotted down in the trusty notebook ;)

I meant legally? Anyone can buy shares in a PLC.

How can the two trust members who sit on the board , allow the rest of Gtfc board to treat the Supporters of OUR club with such disrespect .
I think the two of them should resign on principle , they obviously don't have any influence  on the board and the confidentiality clause stops them informing us of whats going on , so what's the point of being on it.

Quoted from marinernige

How can the two trust members who sit on the board , allow the rest of Gtfc board to treat the Supporters of OUR club with such disrespect .
I think the two of them should resign on principle , they obviously don't have any influence  on the board and the confidentiality clause stops them informing us of whats going on , so what's the point of being on it.

The Trust will be doing something. Sit tight, I would expect an announcement in the next 48 hours.

Quoted from forza ivano

how does a convicted fraudster, not that long out of prison, suddenly come up with a million quid in spare cash?

and if it was a million, why did May mention a small purchase of shares?

Mr Day - you have really gone down in my estimation. You came across as having some morals

I don’t know the value but he’s just sold his share of a company to his business partner.

Quoted from immariner

How does a Public Limited Company reject an offer to buy shares exactly?

The board of directors decide how many shares there actually are and would have to agree to issue more.

Something very Dr Evil about this quoted £1M figure.

That figure has to be fictitious.

As you say, all a bit Dr Evil...

The club have tried so hard to blame the fans, like we should feel guilty for turning down a million quid. They’re flipping pathetic.

The statement does nothing to highlight why a flipping random bloke who can’t acruslly be involved directly with a club, a man who has been copulated off from other clubs and now suddenly has an affinity with us would want to hand over cash that we’re not sure he has or hasn’t got...

Quoted from immariner

Ha it would need to be jotted down in the trusty notebook ;)

I meant legally? Anyone can buy shares in a PLC.

See above. Anyone can legally buy shares in a plc but they have to be allotted and/or unowned. All GTFC’s allotted shares are owned (£2,377,900) and the board would have to sanction the creation of extra shares.

Is it me or does Alex/Alick spread his affinity a little liberally?

May: Here is £1m, no strings attached, which I am giving to club (owned by my business partner). Enjoy.

Board: Sorry, the fans call the shots, we don’t want the money.




Fans: Sell the club to Shutes

Board: erm....no.

He did love Notts County and Chesterfield for a bit but then he really, really loved us and we broke his heart. For shame Mariners fans, for shame.

Quoted from MuddyWaters

Is it me or does Alex/Alick spread his affinity a little liberally?

Just can't get enough of those small midlands based football clubs.

[img]https://i.imgur.com/kVXA2oT.png[/img]

He'd have gotten away with it if it wasn't for you meddling fans

No Scooby Doo because it seems like the club doesn't have one

I’m assuming this May chap will be heading down the road now...I mean Swann might be interested.

Or will he look at Mansfield, Burton?

Quoted from Henryscat

I don’t know the value but he’s just sold his share of a company to his business partner.

This exactly!

Quoted from Henryscat

The board of directors decide how many shares there actually are and would have to agree to issue more.

When was the last share issue and how many were released?

So. If this had not been outed as it was over the weekend and had been allowed to run its course. How exactly did the Board think they were ever going announce a £1m investment by Mr May as something positive?

Did they actually envisage the Blundell Park PR machine pulling that one off?

It's just absolutely incredible.

Quoted from Pontooner

So. If this had not been outed as it was over the weekend and had been allowed to run its course. How exactly did the Board think they were ever going announce a £1m investment by Mr May as something positive?

Did they actually envisage the Blundell Park PR machine pulling that one off?

It's just absolutely incredible.

The PR is done on the pitch remember?

Quoted from Henryscat

I don’t know the value but he’s just sold his share of a company to his business partner.

Very handy the timing of that sale wasn’t it. How convenient that he happened to co-own a company with Mr Fenty who very conveniently bought him out. Gave Mr May a nice fistful of loadsamoney for his investment in the club didn’t it?. So who was actually buying the shares in reality then, May or Fenty?

For some reason I just have a feeling in my bones that those deals are the top of a very mucky iceberg.

Quoted from immariner

When was the last share issue and how many were released?

According to companies house somewhere between the 1st September and 30th November 2020. 155 ordinary shares of £100 each (£15,500)

Before that would be summer - the file on companies house says between 1st June and 31st August 711 ordinary shares of £100 each (£71,100) were issued.

Prior to that September 2016

https://find-and-update.company-information.service.gov.uk/company/00034760/filing-history

They must think we are totally fking stupid. Our training facility has just been upgraded with two new portacabins and Sky TV , why the fck does it need £1m of investment now ? Eh...eh.... Mr Day....got you there.


In all seriousness though, the training facility part said "for community use".....now as £1m really doesnt get you alot nowadays when it comes to brand new developments i suggest this £1m (if it actually did exist as the true sum) could have only been a lead investment to unlock further funding from the council Town Deal and the only way to do that would for it to be a community facility.

Ohhhhh ...Town deal....council....regeneration.... ducks are starting to line up in a row here

I think we know the answer to this ^^^^

Crooks in a row more like!

Come on lads, if you're going to pluck a figure out the air, at least make it a bit believable!

Quoted from Henryscat

According to companies house somewhere between the 1st September and 30th November 2020. 155 ordinary shares of £100 each (£15,500)

Before that would be summer - the file on companies house says between 1st June and 31st August 711 ordinary shares of £100 each (£71,100) were issued.

Prior to that September 2016

https://find-and-update.company-information.service.gov.uk/company/00034760/filing-history

Of the shares issued just over 40% of them lie in the boardroom (JF owns 975k the others reasonably insignificant amounts)

Of the remaining shares I think Mike Parker has about 20% and the Mariners Trust 15%. I’m not sure, but I think the guy with the ticketing website (Newman?) owns a large amount too.

The rest will be people like myself with £100 and will be dotted all over the place.

Quoted from Henryscat

Of the shares issued just over 40% of them lie in the boardroom (JF owns 975k the others reasonably insignificant amounts)

Of the remaining shares I think Mike Parker has about 20% and the Mariners Trust 15%. I’m not sure, but I think the guy with the ticketing website (Newman?) owns a large amount too.

The rest will be people like myself with £100 and will be dotted all over the place.

As May would have been precluded from being on the board, control would have lain outside of the boardroom -  very much tongue in cheek this, but who would Fenty have threatened to sell this time unless the Trust handed their shares over to him?  🤔🤭

Quoted from Squinter

If he's got a spare £1m to donate to us, why isn't he using this money to as he quoted 'clear his name'  ?

Which one?

Quoted from Henryscat

It’s definitely 30% (Part 28 of the companies act) but as therealjohnlewis has rightly corrected me (here and I think on twitter) the additional shares would make it 29.6% so it wouldn’t trigger.

I stand corrected.