Theboyem wrote:There are differences between your situation and ours at Wakey, I just hope that the 500K pledged ultimately does some good rather than just disappears which is my fear. I fear it might have just delayed the inevitable but you can hold your heads up high if so. Hope you pull through this ok, but i've got a feeling its going to be a bumpy ride following the AGM on the 23rd.
There still seems an awful lot of unanswered questions though. If the wages are due again next week have you enough liquidity to operate until then though? Isn't that around 200K a month for all staff? Is there anything left in the pledge pot or did that all go in last months wages & running costs and to the taxman? Why is the AGM being held so late in they day? Why is Hood hanging on so long? You get the impression that the situation may turn out to be worse than it seems. I sincereley hope I am wrong though. Good luck.
Fair questions mate but the answers seem to 'blowing in the wind' to be honest, at least they haven't been communicated to the fans. As I've said before the
apparent position at the club seems to be 'business as usual'.
The board meeting in late May isn't the AGM, btw but an EGM, as in
extraordinary general meeting for which notice was legally required to be given, so I'm not sure it could have been any earlier. There is the point that the result looks cut and dried, and has done since the meeting was called by Mr. Caisley. This presented the possibility that the current chairman and Andrew Bennett (the other director named in the proposal) could have maybe resigned a couple of weeks back in order to expedite the change over. There may have been technical reasons to prevent this, I dunno, but from the layman's point of view the current period just seems like wasted time we can ill afford.
