 | Forum
Reply | EGM + statement
at 20:05 21 Feb 2024
Long time lurker (since before I bothered to register with a username) and long time sufferer, but a first time poster. Like a large number of supporters, I bought shares in November 2021 as part of the fight against MH but also because of wanting to support the idea of a fan-owned club both in theory and practice.
I bought 500 shares which, for me, was not an insignificant outlay at the time (it still isn't), but I did so knowing that I'd likely never see a return on my investment. That was never the point, of course. But what angers me with Gauge's latest announcement/threat, even though he's largely responsible for the downhill slide since Autumn 2021, is that his sacrifice is worth more than small fry shareholders like me. Not to mention the thousands of us, past and present, who aren't shareholders, but have piled thousands of quid into the club over years of support.
Yes, Gauge has put 500 times more money into the club, but it seems to me that this EGM is all about him being able to get his cash back, after his previous efforts have failed at the hands of those pesky kids doing research on potential investors. To hell with the club and to hell with the supporters.
If there is an investor lined-up, given his track record of (failed) due diligence, I have no trust that they'll be any different to the previous shysters that have been lined-up. And why should we, when Gauge's stated aim is to get out with all all his money paid back?
He's failed to get out by doing a deal in plain sight of the supporters, so now he's proposing to railroad through these new proposals at an EGM, after which he can do a deal with whoever he wants, behind the backs of supporters and us little, insignificant shareholders. Unless I see a persuasive argument to the contrary - and unless I'm missing something and being a bit dim - I'll be voting against at the EGM. |
| | Salford_Dale
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