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Record Straight of the Trust Share Proposal

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HertsGTFC
September 23, 2017, 4:36pm Report to Moderator

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Quoted from BP Vicar
I'm sure this is absolutely true and I understand where John is coming from. Nobody with any sense at all would put their money into a business where effectively, they cannot control the direction of that business. I appreciate Johns hard work, as a fan I judge his tenure on the pitch and it has been a desperate time which culminated in the unthinkable, I'm not sure we have learned too many lessons either. I am not happy that we seem to be okay with being fourth division also rans, I am angered at Scunthorpe lording it over us for so long.

Ideally, I'd like someone else to have a go. That thought is countered by the vague possibility of the new stadium. I suspect if John went, the new ground would go as well.


I think that investing the amounts of money that would be needed to buy JF out and take us forward to (hate to say it) move us forward at the same pace as our neighbors are would be considerable. It's hard to see how you would get a return on such investment.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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dapperz fun pub
September 23, 2017, 5:03pm Report to Moderator
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Quoted from HertsGTFC


I think that investing the amounts of money that would be needed to buy JF out and take us forward to (hate to say it) move us forward at the same pace as our neighbors are would be considerable. It's hard to see how you would get a return on such investment.


Do lower level chairmen/ owners expect a return on investing in low level football ? Obviously premiership different story.


New leadership new direction required
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Marinerz93
September 23, 2017, 5:25pm Report to Moderator

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Quoted from Getyourfactsright
Good morning my Fishy Friends,

Seems the flack continues towards me over the transfer of Trust shares to me, 200,000 of them.

I've asked the Trust in the past to clear such matters up as the flack isn't justified at all, but in the absence I will.

It's very True that in the situation I found myself through no fault of mine, that control did not sit within the boardroom.

To my recollection I don't recall ever stating that we would have to sell Liam Hearn, but it was the case that I stated I wouldn't put another penny in the club, untill shareholding control in the boardroom was restored.

It was a fact that by the December the Club needed funds without which speculation suggested we might need to sell a player. (Liam Hearn)

It is a fact that the Chair of the Trust and the CEO of the Club negotiated the proposal put to me.

At no time and to be very clear, did I coheres those discussions whatsoever, or were involved in meetings where they were discussed with members of the Trust.

Following Trust members voting for a Transfer to me the said block of shares, I then proposed that I would purchase £200.000 shares additional in effect balanceing the proposal.

There were several other ways my concers could have been met, with or without transferring of the shares, but this is what was put to me and I accepted in the best interest of the club.

I'm sure some will continue to twist these facts, but for the genuine fans that may want to know, this puts the record straight.

Kind regards John Fenty
UTM



There seems to be spin or twisting as you seem to call it.

Both you and Parker agreed to fund the club £500K after Parker stated that benign loans are bad for the books, and attracting new investors.

Why did you and the board allow Parker to buy £500K worth of shares and then not match it as you had already agreed to match Parkers investment. By allowing Parker to have more shares meant Article 9 came into force, are you telling us that you wasn't aware of the rules regarding shareholding.

Parker showed his business skills when he gifted the trust £500k worth of shares, because this meant he wasn't forced to buy your shares or have the club without it's assets. Why did you put a covenant on the trust not to accept any more shares from Mike Parker.

Please set the record straight because the shares fiasco will rumble on, if you matched MP the trust would never had the shares and control would still have been in then boardroom. Genuine fans would like it as it was with no spin.


Supporting the Mighty Mariners for over 30 years, home town club is were the heart and soul is and it's great to be a part of it.

Jesus’ disciple Peter, picked up a fish to get the tribute money from it, Jesus left his thumb print on the fish, bless'ed is the Haddock.
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fleabag1970
September 23, 2017, 5:31pm Report to Moderator
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Brilliant post ..... we await the spin .... sorry answer


]Remember its just my opinion  ..... It might not be true ............
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Fat Cobra
September 23, 2017, 5:35pm Report to Moderator
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Quoted from fleabag1970
Brilliant post ..... we await the spin .... sorry answer


That's the last we'll hear from him for 6 months
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Bigdog
September 23, 2017, 5:40pm Report to Moderator
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Quoted from Marinerz93


There seems to be spin or twisting as you seem to call it.

Both you and Parker agreed to fund the club £500K after Parker stated that benign loans are bad for the books, and attracting new investors.

Why did you and the board allow Parker to buy £500K worth of shares and then not match it as you had already agreed to match Parkers investment. By allowing Parker to have more shares meant Article 9 came into force, are you telling us that you wasn't aware of the rules regarding shareholding.

Parker showed his business skills when he gifted the trust £500k worth of shares, because this meant he wasn't forced to buy your shares or have the club without it's assets. Why did you put a covenant on the trust not to accept any more shares from Mike Parker.

Please set the record straight because the shares fiasco will rumble on, if you matched MP the trust would never had the shares and control would still have been in then boardroom. Genuine fans would like it as it was with no spin.


The OP doesn't seem to be that comprehensive or watertight to be honest. Still many grey areas. I'm not that bothered about the past and more interested in the future, but when I read it, it made me feel like I'd need to ask so many more questions to get the full picture. It leaves a load of nagging doubts in my head and including whether it was the club itself that benefitted at all in the end.. Wish I'd never read it to be honest.
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headingly_mariner
September 23, 2017, 5:49pm Report to Moderator

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Quoted from Marinerz93


There seems to be spin or twisting as you seem to call it.

Both you and Parker agreed to fund the club £500K after Parker stated that benign loans are bad for the books, and attracting new investors.

Why did you and the board allow Parker to buy £500K worth of shares and then not match it as you had already agreed to match Parkers investment. By allowing Parker to have more shares meant Article 9 came into force, are you telling us that you wasn't aware of the rules regarding shareholding.

Parker showed his business skills when he gifted the trust £500k worth of shares, because this meant he wasn't forced to buy your shares or have the club without it's assets. Why did you put a covenant on the trust not to accept any more shares from Mike Parker.

Please set the record straight because the shares fiasco will rumble on, if you matched MP the trust would never had the shares and control would still have been in then boardroom. Genuine fans would like it as it was with no spin.


Smashing retort sir.
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Ahh Sole
September 23, 2017, 6:12pm Report to Moderator
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Quoted from Getyourfactsright
Good morning my Fishy Friends,

Seems the flack continues towards me over the transfer of Trust shares to me, 200,000 of them.

I've asked the Trust in the past to clear such matters up as the flack isn't justified at all, but in the absence I will.

It's very True that in the situation I found myself through no fault of mine, that control did not sit within the boardroom.

To my recollection I don't recall ever stating that we would have to sell Liam Hearn, but it was the case that I stated I wouldn't put another penny in the club, untill shareholding control in the boardroom was restored.

It was a fact that by the December the Club needed funds without which speculation suggested we might need to sell a player. (Liam Hearn)

It is a fact that the Chair of the Trust and the CEO of the Club negotiated the proposal put to me.

At no time and to be very clear, did I coheres those discussions whatsoever, or were involved in meetings where they were discussed with members of the Trust.

Following Trust members voting for a Transfer to me the said block of shares, I then proposed that I would purchase £200.000 shares additional in effect balanceing the proposal.

There were several other ways my concers could have been met, with or without transferring of the shares, but this is what was put to me and I accepted in the best interest of the club.

I'm sure some will continue to twist these facts, but for the genuine fans that may want to know, this puts the record straight.

Kind regards John Fenty
UTM



I don't like that bit!
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WokingMariner
September 23, 2017, 6:12pm Report to Moderator

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Ancient history. Move on everybody.


Up the Mighty Mariners
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fleabag1970
September 23, 2017, 6:31pm Report to Moderator
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Move on ? .  We can learn from history . That's why Time Team was such a huge success


]Remember its just my opinion  ..... It might not be true ............
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