Re: Today
Posted: Mon Mar 12, 2018 3:56 pm
Why is Glyn Hopkin still advertised around the ground? Surely the reason of pulling out was to dissociate yourself with the the club, strange that.
The Independent Dagenham and Redbridge forum
https://www.viewsfromthesieve.co.uk/
https://www.viewsfromthesieve.co.uk/viewtopic.php?f=2&t=3182
Well that was a waste of breath trying to explain what is going on then wasn't it. Sigh!dagger4eva wrote: ↑Mon Mar 12, 2018 3:42 pm Take the unlikely scenario that a new, willing investor is found.
They would presumably have to pay X amount for each of the available shares in order to assume control.
By Glyn seemingly giving away 19% of his shares to ST/DB – they would presumably then be eligible for a increased pay out from the new investor.
And if not, why not?
Also, the question is, why Glyn has chosen to give away the 19% ?
Invest a Million.
Effectively pull out in Oct/Nov.
Go ahead anyway and sign the final takeover docs in Dec.
Pull out officially just minutes later and instantly reduce your shareholding.
How does any of that make any logical, business sense?
If Hopkin doesn't want to retain majority ownership then his shares need to go somewhere.dagger4eva wrote: ↑Mon Mar 12, 2018 3:42 pm Take the unlikely scenario that a new, willing investor is found.
They would presumably have to pay X amount for each of the available shares in order to assume control.
By Glyn seemingly giving away 19% of his shares to ST/DB – they would presumably then be eligible for a increased pay out from the new investor.
And if not, why not?
Also, the question is, why Glyn has chosen to give away the 19% ?
Invest a Million.
Effectively pull out in Oct/Nov.
Go ahead anyway and sign the final takeover docs in Dec.
Pull out officially just minutes later and instantly reduce your shareholding.
How does any of that make any logical, business sense?
How did Hopkin invest £1m without spending it?Diggerthedog wrote: ↑Mon Mar 12, 2018 7:38 pm Most the money has not been spent as it was not available to spend in the first place. Looking forward to asking the current board all to resign over this right mess on Thursday, if I'm allowed to attend of course :ban:
He says that in the current version too. Consistency, who'd have thought it.dagger4eva wrote: ↑Mon Mar 12, 2018 8:21 pm I dunno about who should replace the current board BUT as Mike himself said in the original article (before taking it down) -
Once this whole sorry affair is done and dusted, all of the current board should consider their positions.
Edited by Admin: personal abuse is not welcome here.Adrian wrote: ↑Mon Mar 12, 2018 8:02 pmHow did Hopkin invest £1m without spending it?Diggerthedog wrote: ↑Mon Mar 12, 2018 7:38 pm Most the money has not been spent as it was not available to spend in the first place. Looking forward to asking the current board all to resign over this right mess on Thursday, if I'm allowed to attend of course :ban:
Who do you want to replace the current board?
Wow.Diggerthedog wrote: ↑Mon Mar 12, 2018 8:52 pmAdrian wrote: ↑Mon Mar 12, 2018 8:02 pmHow did Hopkin invest £1m without spending it?Diggerthedog wrote: ↑Mon Mar 12, 2018 7:38 pm Most the money has not been spent as it was not available to spend in the first place. Looking forward to asking the current board all to resign over this right mess on Thursday, if I'm allowed to attend of course :ban:
Who do you want to replace the current board?