RH, why are you acting up like this on here??????????
It is very poor and sad that you seem to have no respect whatsoever.
And then you make out in this thread that the Co-op board are either stupid or subservient to the Club, which is pretty low considering the amount of time and effort I have dedicated over the last 4 years, in trying to get the Club to write off shareholder debt, operate close to breakeven, answer questions for the fans and make the Club attractive to an investor.
I'm not really sure if you are interested in listening, but for the record, the questions were asked. I don't take the minutes, but there was a lot discussed.
The Club said it was taking so long because the business wasn't attractive previously - and the business needed to be turned around. Who would invest when the Club was losing £800k and £550k p.a or had £1.8m of debt on the balance sheet?
They have said previous bidders weren't credible and didn't provide proof of funds. However, the 3 potential investors they are talking to now are credible, but no one has submitted a bid as yet.
Of course, that is only one side of the story. In my opinion, having £800k to £900k of debt on the balance sheet isn't helpful. I would rather that was written off, or converted to equity (and then shares sold at a highly discounted rate).
I know this is very frustrating, we all want the same thing, but I don't see what taking your anger out on me is going to achieve?
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