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Private limited company

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Iknowyoursecret
April 16, 2021, 11:30pm
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I understand by a reliable board member that by changing it to a private company Mr Parker doesn’t get a brass farthing back.The Take over panel will not allow this to happen.
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KingstonMariner
April 16, 2021, 11:48pm
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Quoted from Iknowyoursecret
I understand by a reliable board member that by changing it to a private company Mr Parker doesn’t get a brass farthing back.The Take over panel will not allow this to happen.


Is he a Monopoly board member, because what you were told makes no sense. Or you’ve misunderstood what you were told.


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Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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pen penfras
April 17, 2021, 8:42am

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Quoted from Iknowyoursecret
I understand by a reliable board member that by changing it to a private company Mr Parker doesn’t get a brass farthing back.The Take over panel will not allow this to happen.


You mean he doesn't get a mandatory offer at the same rate as which they purchased Fenty's shares, nor does anybody else. But since Parker is needed to get that decision over the line, then you would assume that both he and the new owners have been in contact and working, at least to some degree, together.

Parker would still own shares, and they would still be worth something, but probably not what he paid for them. New shares look to be taken off the market, so market value will be able to be determined by the value of the company rather than what people have been paying for them in the last few months.

It's the sensible thing to do from an owner's perspective, they have more freedom to do what they want with less information in the public eye, which has the potential to cause problems from misunderstanding.
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moosey_club
April 17, 2021, 9:29am
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Quoted from KingstonMariner


Is he a Monopoly board member, because what you were told makes no sense. Or you’ve misunderstood what you were told.


He said "reliable board member" .......that should have identified it to everyone as b0ll0cks.


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KingstonMariner
April 17, 2021, 9:37am
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I disagree with the point on not being so open. It is only open to misunderstanding if you communicate poorly. It’s worse when there is less information on display because people are more likely to read between the lines. Plenty of successful plc out there who don’t suffer from misunderstanding.

Besides 1878 have said they want transparency.

It’s probably the extra bureaucracy of a plc that is inappropriate for a company the size of GTFC.


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Iknowyoursecret
April 17, 2021, 10:04am
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Quoted from moosey_club


He said "reliable board member" .......that should have identified it to everyone as b0ll0cks.


The mariners trust board must be aware who it is by now.It’s no secret who’s it is.Ask the reporter who first brought the may story in december.
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pen penfras
April 17, 2021, 10:12am

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Quoted from Iknowyoursecret


The mariners trust board must be aware who it is by now.It’s no secret who’s it is.Ask the reporter who first brought the may story in december.


Does it matter who it is when it's wrong?

If the trust members were against May being involved, then they probably should have voted against his investment. The statement said it was unanimously in favour.
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forza ivano
April 17, 2021, 10:30am

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Quoted from pen penfras


You mean he doesn't get a mandatory offer at the same rate as which they purchased Fenty's shares, nor does anybody else. But since Parker is needed to get that decision over the line, then you would assume that both he and the new owners have been in contact and working, at least to some degree, together.

Parker would still own shares, and they would still be worth something, but probably not what he paid for them. New shares look to be taken off the market, so market value will be able to be determined by the value of the company rather than what people have been paying for them in the last few months.

It's the sensible thing to do from an owner's perspective, they have more freedom to do what they want with less information in the public eye, which has the potential to cause problems from misunderstanding.



Disinformation methinks. There is no 'market' in GTFC shares - you buy them for a pound a share and you would sell them for a pound a share (unless 2 parties came to a private agreement) and have done for years. Incidentally there is no evidence, as far as i can see, that shares will be taken off the market; in fact given the partnership's professed ethos, that one could see a scenario where they would actively promote shares being available for supporters to purchase.
Your last sentence is probably correct, but given Stockwood's history and the fact that he wants GTFC to have Bcorp staus it's an extremely unlikely scenario.careful Pen Penfras, others less charitable than myself could accuse you of spreading false truths and disinformation.........
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