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| Quote ="mat"actually it suggests non payment percentage is lower than 10% as the pledge total also included bucket collection,auction proceeds, car wash etc. I know originally they said 500k off pledges but they changed wording as campaign progressed to include monies raised through other events.'"
Doesn't that suggest a non-payment rate HIGHER than 10% then. My maths is rusty...but
If £500,000 in pledges, then £50,000 not paid = 10%
If £450,000 in pledges, then £50,000 not paid = 11.1%
If £400,000 in pledges, then £50,000 not paid = 12.5%
...and so on
All a bit pedantic maybe. The key thing is to get that £500K in by some means or other
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Club Coach | 1604 | No Team Selected |
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| Hold on. That £50k figure was plucked out of the air AFAIK, so who cares about the specific calculations? The point, however, still stands - some idea of how we're doing would presumably help rather than hinder things.
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| Quote ="ridlerbull" - some idea of how we're doing would presumably help rather than hinder things.'"
Not necessarily. Any suggestion that pledgers aren't paying could have an effect similar to triggering a run on a bank - those that havent paid will think they could be throwing their money away.
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| I always assumed there would be a non-payment rate of 5-10% I don't think that's too bad.
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| Quote ="Highlander"I always assumed there would be a non-payment rate of 5-10% I don't think that's too bad.'"
You'd like to think the club factored that in, but when the final total was announced as £506,000 there isn't a lot of room for shortfall
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| Well I've pledged but not paid yet! I don't get paid until Friday and didn't personally specify when I would pay. I will honour my pledge on Friday. Most people don't get paid until the end of the month, see what the figures say after that!
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| Quote ="paulwalker71"You'd like to think the club factored that in, but when the final total was announced as £506,000 there isn't a lot of room for shortfall'"
Apparently they did factor it in. However, with calculations like that, if there isn't transparency around it, it just starts looking like smoke and mirrors - cf. capital calculations and the global banking crisis.
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| Why don't they just issue an update and solve the lack of communication problem because right now it looks like they have something to hide. There's already a lack of trust, staying silent will only make it worse.
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| Quote ="ridlerbull"Apparently they did factor it in. However, with calculations like that, if there isn't transparency around it, it just starts looking like smoke and mirrors - cf. capital calculations and the global banking crisis.'"
They said they needed to raise £500,000 immediately and another £500,000 soon after. Did anyone really think those were exact amounts to the nearest £?
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| Quote ="Cibaman"They said they needed to raise £500,000 immediately and another £500,000 soon after. Did anyone really think those were exact amounts to the nearest £?'"
Er. No. And your point is...?
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| Looking at some of the comments on this Forum I can understand why Bradford now has a memorial commemorating the Luddites
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| Quote ="Highlander"I always assumed there would be a non-payment rate of 5-10% I don't think that's too bad.'"
I coughed up my £50 last night so don't look at me!
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| Already paid, but can't help but think that the attitude is 'Thank God we've got their money. We can stop talking to them again'. In the words of Pete Townsend "We won't get fooled again"
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| Quote ="Blotto"Looking at some of the comments on this Forum I can understand why Bradford now has a memorial commemorating the Luddites'"
Its not in Bradford!!! Darn sight closer to Huddersfield than Bradford
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International Star | 57 | No Team Selected |
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| Quote ="Cows"I haven't honoured my pledge yet as I was waiting a few days in the hope that the club would clarify the situation regarding further investments. When I pledged I assumed (stupidly) that the club would do this after the 1st 500k was reached. I am starting to realise that this is not going to happen so like many others I have resigned myself to possibly throwing my money at a sinking ship. I am disapointed with the club for putting us in this situation. What they should have done is said that they will only take our pledges if they can secure the remaining 500k from investors/sponsors. That way we're not just handing our money to the administrators.
An email went out to 'non paying pledgers' yesterday saying:
'If everyone who receives this email redeemed their pledge, it would bring in over £50,000''"
I never received one? I do intend to honour my pledge tomorrow though when I am paid. I certainly will not be giving any more though without further information from the club.
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| Quote ="witters"I never received one? I do intend to honour my pledge tomorrow though when I am paid. I certainly will not be giving any more though without further information from the club.'"
tbf, the club are not asking for or expecting anyone who has already pledged in any way to give any more - just for people to honour their pledges as you are doing and I have done.
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| Quote ="Adeybull"tbf, the club are not asking for or expecting anyone who has already pledged in any way to give any more - just for people to honour their pledges as you are doing and I have done.'"
Yes that's a fair point.
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