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| Quote faxcar="faxcar"Right, so to illustrate it’s like me saying another cowboy dealer has sold you a dodgy car when previously i’d done the same thing and when you called me out to fix it my own vehicle had broken down on route.'"
Pretty much .
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| Obviously we all discussed it on here at great length if I remember rightly, but the writing should really have been on the wall for a lot of our fans when we got the lowest financial score out of all the teams that announced their grading scores.
I wouldn't trust Gareth Dean for reasons stated above but lets face it, if he had handed over his shares like everyone else did there is a lot of goings on that we would have been non the wiser about. I think the BOD only informed us about some more details when it looked a lost cause especially when you see the date the club was informed of the winding up order and we still had Lee Kenny telling us things were looking up after that date.
We need a bit of luck who comes in next.
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| Looking at time lines seem to indicate that in between Lee Kenny saying things were looking okay to the cry for help was the TicketPass demise and not getting a promised 6 figure sum.
Most have assumed that there was a connection which seems reasonable but also how it wouldn’t be reasonable to think the TicketPass sponsorship would come to that amount.
Now if that was the case it may well dispel another assumption that the 6 figure sum was only connected to just one sponsor which actually no one did say that, so was there a change of mind from someone else leading to a double whammy?
Was it even TicketPass who let us down as they we’re still selling our tickets up to last Sunday’s game and it was someone else completely?
The club have never named names of failures when this has happened in the past for at least moral reasons and causing further embarrassment and aren’t likely to.
As before we’ll likely never know with the moral being, we can’t trust anyone including our own assumptions if recent experiences are anything to go by.
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| Quote faxcar="faxcar"I'm going on what Mark Moore posted this week with him being involved with the current fund raising and he's certainly aware of what happened at Bradford and the risks involved in handing any cash over.
Didn't Linda Kitson also mention they had a legal responsibility to ensure due diligence in passing on the trusts money in the same or a concurrent thread?
You read that much it all gets mixed up but I'm sure there will be an update soon because you would expect them to be presenting something possibly at the match today.'"
Ah Mark Moore a name from the past - he was the guy who weighed in our speedway track crash barriers for scrap money!
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| Blimey is it the same bloke from Beds r uz or whatever it was called? Tried to buy the club with its own money IIRC and it all fell through. A real low point.
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| Quote Bully_Boxer="Bully_Boxer"Ah Mark Moore a name from the past - he was the guy who weighed in our speedway track crash barriers for scrap money!'"
Don’t know him personally and was neither championing him or otherwise, only mentioned him answering another post that said we had short memories and needed to remember what had happened to the Bradford’s fans donations.
My reply was we were all well aware of what had happened at Bradford and certainly Mark Moore was as he had mentioned it and from what you say he would be.
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| Things got a bit clearer/more muddied depending which way you look at it this morning. Gareth Dean it turns out has a 19% holding of the total shares and is willing to sell these and give anything he makes on top of his original outlay (approx 30k) back to the club. He says he will accept 40p per share which is what he paid for them but unless I am missing something there is no way that anyone in their right mind is going to pay 40p per share for something that was almost worthless just a couple of days back. In reality even as low as 5p a share seems a bit of a reach.
Is this a bad take or am I completley losing my mind as to what is going on here?
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| Quote Greg Florimos Boots="Greg Florimos Boots"Things got a bit clearer/more muddied depending which way you look at it this morning. Gareth Dean it turns out has a 19% holding of the total shares and is willing to sell these and give anything he makes on top of his original outlay (approx 30k) back to the club. He says he will accept 40p per share which is what he paid for them but unless I am missing something there is no way that anyone in their right mind is going to pay 40p per share for something that was almost worthless just a couple of days back. In reality even as low as 5p a share seems a bit of a reach.
On the above part.
Thought the same about Fax shares but I suppose it couldn’t be any worse than just donating and never seeing your money again.
On the below part.
Is this a bad take or am I completley losing my mind as to what is going on here?'"
No, looking at the time lines that happened much much earlier. 
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| Quote Greg Florimos Boots="Greg Florimos Boots"Things got a bit clearer/more muddied depending which way you look at it this morning. Gareth Dean it turns out has a 19% holding of the total shares and is willing to sell these and give anything he makes on top of his original outlay (approx 30k) back to the club. He says he will accept 40p per share which is what he paid for them but unless I am missing something there is no way that anyone in their right mind is going to pay 40p per share for something that was almost worthless just a couple of days back. In reality even as low as 5p a share seems a bit of a reach.
Is this a bad take or am I completley losing my mind as to what is going on here?'"
Where have you got that info from GFB?
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| Quote MP="MP"Where have you got that info from GFB?'"
On the Facebook forum. Can't get my head around it. He said himself that he would not give up his shares previously because the financial situation was not as bad as the board made out but now when we were within hours of going out of business he feels the shares are still worth what he paid for them.
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| Just seem this thread and read it through. You all are more in the know than Bongser, but let it be said that no GENUINE RL fan wants to see an historic club go to the wall (whup their asses on the field yes, but not the former). All the best for a/the future.
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| Not sure I can get my head around all this, might have to join Hudds/Shay and sink a few. Firstly, Fax have been in dire financial trouble, the current BoD turned a bind eye( if ever both were open and focused) over several months, then face a winding up order from HMRC, put out a plea for financial help, gather a few grand together, hey presto enough to have a stay of execution, monies offered then withdrawn. Secondly Shareholder(s)wanting to cash in their share and expecting at least as much as they paid for them, are we in Wayne’s World? No real explanation I have seen from BoD as to just what is happening, if they need help transparency has to be paramount. Thank you to those on here who have given an insight as to goings on trying to explain to the rest of us what is fact or fiction. Finally previous BoD members names are banded around giving their view, (unless I have misread/ misunderstood which is quite probable) and do Directors have to ‘pass’ Due Diligence or can any one say I have a few quid to throw into the pot and are welcomed with open arms?
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