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Post by heilkmoon on Sept 11, 2023 13:17:49 GMT
Take it non members won’t even be able to view now, due to “confidentiality” That seems a bit odd - but probably wasn’t a trust decision but highlights the point that bumble has made previously. But on the other hand it gives an extra reason for membership. Be surprised if confidentiality is an issue, the only difference between members and non-members is the former have paid out a few quid for membership. Ordinary members haven't signed a non-disclosure agreement, not that it is likely to be needed for this sort of meeting. I would also expect Jon Colman to be doing a live blog of the meeting. I would think that the ticket thing is just a practical consideration to limit the numbers attending in person and online.
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Post by blues86 on Sept 11, 2023 13:41:29 GMT
Take it non members won’t even be able to view now, due to “confidentiality” That seems a bit odd - but probably wasn’t a trust decision but highlights the point that bumble has made previously. But on the other hand it gives an extra reason for membership. Be surprised if confidentiality is an issue, the only difference between members and non-members is the former have paid out a few quid for membership. Ordinary members haven't signed a non-disclosure agreement, not that it is likely to be needed for this sort of meeting. I would also expect Jon Colman to be doing a live blog of the meeting. I would think that the ticket thing is just a practical consideration to limit the numbers attending in person and online. It says in the announcement CCU posted that it's members only due to 'confidentiality agreements'. Bit strange as, like you say, presumably what's said will get out as soon as it's over anyways. I also think ST holders should have been included in those allowed to attend/watch the stream.
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Deleted
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Post by Deleted on Sept 11, 2023 13:53:56 GMT
I’d wager is cos they’re gonna make the case for the trust to dilute ownership/disband.
Is there something in the constitution that means the trust have to be informed first for such matters? - hence confidentiality
Pop round mine Mullen if you want to watch it via my feed. Will cost you one large serving of CBH mind
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Post by howie on Sept 11, 2023 14:12:44 GMT
"....the shareholders are unable to progress any discussions whilst they are in a period of legal exclusivity with another party".
So does that mean that the Trust has already agreed to grant the Piataks exclusivity?
If so was that put to (or should it have been put to) a vote of their members?
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Post by mullen103 on Sept 11, 2023 14:43:47 GMT
I’d wager is cos they’re gonna make the case for the trust to dilute ownership/disband. Is there something in the constitution that means the trust have to be informed first for such matters? - hence confidentiality Pop round mine Mullen if you want to watch it via my feed. Will cost you one large serving of CBH mind Thanks but I am a member so plan on going. Will send some CBH through the post.
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Post by pigletphoenix on Sept 11, 2023 14:49:40 GMT
"There will be a waiting list in operation if capacity is reached"
Why wouldn't you arrange it in a venue which can hold all the members who wish to attend?
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Post by weloveyoucarlisle on Sept 11, 2023 14:54:48 GMT
I would appreciate hearing from CCU who earlier volunteered the information that the streaming would be available for all. This change isn't going to increase goodwill, is it?
Many genuine fans, like our family, aren't members of the Trust - yet the prospective new owner(s) expressed interest in "meeting the fans".
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Post by mullen103 on Sept 11, 2023 14:54:54 GMT
"....the shareholders are unable to progress any discussions whilst they are in a period of legal exclusivity with another party". So does that mean that the Trust has already agreed to grant the Piataks exclusivity? If so was that put to (or should it have been put to) a vote of their members? No disrespect to the Piataks but at this point I don’t know what their plans are - they could be absolutely fantastic and hope they are and no reason to doubt. But…. These are the same shareholders that put us in £3 million debt by panicking so I really hope they haven’t looked at the 1st offer and thought yeah we will take this as it wipes out the debt. TBH I don’t think that’s the case and the Piataks are serious. Re exclusivity it meant nothing re the Lapping deal so I’d take it with a pinch of salt as under the lapping deal they said “we have a duty to do what’s best for the club” while under the Piataks it’s “we have to respect exclusivity” which more/less says this is already really decided. I have concerns, mainly due to our shareholders currently not the Piataks.
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Post by mullen103 on Sept 11, 2023 14:57:54 GMT
"There will be a waiting list in operation if capacity is reached" Why wouldn't you arrange it in a venue which can hold all the members who wish to attend? The Hapston holds about 300, I’ll be surprised if it isn’t enough on a Sunday afternoon for only trust members. All the other trust meetings you’re lucky if one man and his dog attends, but understand this is bigger. I didn’t go to the lapping dilution one, how many was there?
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Post by bstandbob on Sept 11, 2023 15:03:54 GMT
I would appreciate hearing from CCU who earlier volunteered the information that the streaming would be available for all. This change isn't going to increase goodwill, is it? Many genuine fans, like our family, aren't members of the Trust - yet the prospective new owner(s) expressed interest in "meeting the fans". Agree, not exactly meeting the fans, especially when I would say the majority choose not to be a member of the trust due to their sketchy reputation for cosying with the current owners. Will the people in attendance be allowed to discuss the content of the meeting with us peasants?
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stu
Ian Stevens
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Post by stu on Sept 11, 2023 15:10:31 GMT
It's all well and good the Piataks having exclusivity for now and I understand the reasons for dilution of the trusts shares. I find the timing a little odd/suspicious though, as it was announced in response to the emergence of other interest. I hope the trust look carefully at ALL bids on the table, and are not railroaded by Nixon into the bid that suits him best.
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Post by mullen103 on Sept 11, 2023 15:11:41 GMT
I would appreciate hearing from CCU who earlier volunteered the information that the streaming would be available for all. This change isn't going to increase goodwill, is it? Many genuine fans, like our family, aren't members of the Trust - yet the prospective new owner(s) expressed interest in "meeting the fans". Agree, not exactly meeting the fans, especially when I would say the majority choose not to be a member of the trust due to their sketchy reputation for cosying with the current owners. Will the people in attendance be allowed to discuss the content of the meeting with us peasants? If I get a ticket I’ll go or I’ll watch online and put my pennies worth on here. They can’t stop you talking 😂 are they going to send CCU round or worse ND with a big stick.
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Post by blues86 on Sept 11, 2023 15:19:52 GMT
Agree, not exactly meeting the fans, especially when I would say the majority choose not to be a member of the trust due to their sketchy reputation for cosying with the current owners. Will the people in attendance be allowed to discuss the content of the meeting with us peasants? If I get a ticket I’ll go or I’ll watch online and put my pennies worth on here. They can’t stop you talking 😂 are they going to send CCU round or worse ND with a big stick. Are you gonna be lurking at the back, clandestinely recording and streaming it to non members, pirated film style?
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Post by howie on Sept 11, 2023 15:29:25 GMT
Exclusivity agreement Also known as a lock-out, shut-out or no-shop agreement. An agreement used to try to ensure that a party to a prospective transaction negotiates solely with a particular prospective transaction counterparty for an agreed period of time. The aim of such an agreement is to provide some protection for the prospective counterparty against the risk that another party will outbid it, by providing it with a period in which to seek to negotiate a deal during which time the other party will not negotiate with other potential interested parties. Exclusivity Agreement
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Post by howie on Sept 11, 2023 15:39:13 GMT
It's all well and good the Piataks having exclusivity for now and I understand the reasons for dilution of the trusts shares. I find the timing a little odd/suspicious though, as it was announced in response to the emergence of other interest. I hope the trust look carefully at ALL bids on the table, and are not railroaded by Nixon into the bid that suits him best. Having signed the Exclusivity Agreement the Trust cannot consider any other bids. At this stage it is the Piataks or nothing.
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