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| Quote ="Cibaman"Dont they have to give 21 (or 28?) days notice to hold an EGM? They might be having it now!'"
There is a notice period, not sure on the length or how public the notice will be mind. I suspect if there is one we'll know about it beforehand from one source or another.
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| There was something on the cover of League Express about an EGM. I didn't buy it though so I dunno what it says inside.
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| The EGM will be sometime in May apparently. By then I would've hoped we'd have got the other £500k sorted. An EGM might force some musical chairs in the boardroom but unless a third party comes in and manages to buy a controlling lump of shares we're stuck with the same shareholders we've had for almost 50 years.
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| Quote ="Duckman"Well. I've just returned from my hols abroad (blessed total absence of any news, Bulls or otherwise) so today is my first chance to honour my pledge. And I will, but where is the positive news on the next 500k on the back of the pledge sucess??, did I miss it? Why has an EGM not been called if Caisley and co demanded one? If he felt he could demand one surely he must have enough support and I assumed one was inevitable, and I would have thought it would be sooner rather than later. Is this infighting costing us potential investors?
From my point of view we don't seem much further on than when I left a week ago, which is disappointing, but hopefully there are positive things happening behind the scenes.....or maybe I've just missed a whole load of good news stories in between the obligitory serious injury and cr@p cup draw stories?.....I suspect I know the answer to that one.
.. think I'm best just making good my pledge, doing my bit, then just save up for another holiday whilst hoping for the best.'" they announced at the same time as the pledge target had been met that they are talking to 2 individuals/interested parties about investment in the club and a number of commercial interests. A few days ago Hood said there was going to be an EGM in a couple of weeks. If one of those 2 individuals is Caisley then I would assume they are working very hard on the other individual and those commercial interests so by the time of the EGM they have a package to put in front of the meeting. I suspect the timing of Caisleys intervention was so the pledge would fail as admin and prepack would be the least cost option and therefore maximise whatever funding he has got together, and would have the benefit of keeping the fans on side, whereas if it succeeded he has to wade through pretty much the same mire as Hood or upset the fans.
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| My understanding is that board has to call an EGM WITHIN 28 days. If it has been scheduled for May that means the board has used the entire 28 days from the date Caisley requested it.
All delay is extremely damaging as clubs are now starting to offer contracts (anti-tampering or not). Administration is not the only way we may lose players. We are fast approaching the worst of all worlds. No investment to match the 500k, no new board, potenatially for another month (whoever they are) plus further delays for fit and proper tests etc and no resolution to the shareholding mess.
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| Just wanted to say to people who are saying that pledging is making people feel like they"re doing their bit. First off I have been a fan of the Bulls for 17 years, have experienced the highs and most recently the lows like most of you on here. In an effort to do my bit once the "quest for survival" letters came through the door, I have bought an extra replica shirt which I wasn"t going to buy, donated £20 at the car wash, spent £70 at the auction on top of pledging my money to the club blindly without any new information about how we ended up s*&t creek without a paddle. However at the back end of last week I read a letter published on this website about Caisley potentially coming in and plunging us straight into administration with a buy back deal already sorted with the administrators, which may or may not be true. Really dont know what to do now, I am still holding onto my pledge money and I didn"t attend the Doncaster game as I refuse to put another penny into the club while it could still end up in the HMRC black hole (fair enough I was aware of this when I pledged) or even worse just wiping out part of our debts so someone who cares so much about us that he previously attempted a winding up petition on the club in an attempt to re-coup money owed to him, can just put us straight into admin and make as much money as possible from us as fans who pay willingly due to our unconditional love of the club, without anything in return.
This might sound daft but pleased dont be put off pledging by my little rant and before you say it I know I should pay up as I have pledged, and this has nothing to do with finding another club to follow if I dont pay up, its about common sense. all I am saying is we were told it was to stav off admin and I am asking is it really? This lack of transparency is absolutely wrecking my head as it probably is yours and all I want is a little more info than "2 interested parties" before I part with another penny.
I love this club as much as anyone and if me forking out £1, £50, £100 or hell even a grand could guarantee me it would save the club, our super league licence and hold onto our young and best players I promise you I would but I for one WILL NOT BE COUGHING UP MY PLEDGE MONEY UNTIL I AM TOLD MORE
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| I'm not currently aware of what percentage of pledges have been honoured, but I hope those holding back pledges are in the minority. Otherwise those who have honoured their pledge might well be the ones who see their money go down the drain by such actions.
I too want to hear some more answers to some pretty important questions. However I agreed to pledge a certain amount without any conditions attached, so I honoured my pledge as promised.
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| I am sorry to hear people are holding on to their pledges, however, I have to say in my eyes if you have pledged then you should pay as promised, its like giving chocolate to a child then telling them they cannot eat it. If you felt unhappy about pledging for whatever reason then you should have not made the promise, I fully understand that there are areas of the club that have a communication problem with the rest of the world and this infuriates us fans with small in descript comments and no constructive news that would make us feel better.
I for one have an amber season ticket, and pledged so if you want to put it that way I have over £800 to lose if the club go’s into administration, whilst not a lot compared to some people it’s a lot for me. Should CC put the club into administration I believe he will lose a lot of the loyal support this club has just demonstrated it has from the past few weeks.
Until people within the club recognise, the club, the players, the employees come first and put aside their petty squabbling and one-upmanship and get on with working together and getting this fantastic club back on the rails we are all stumped.
These are my own thoughts, so don’t go too hard on me as I don’t take rejection easily
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| All the Club asked for was for the Fans and RL community to pledge to save the Club going into administation, there were no pre conditions attached and true Fans have paid up, those now witholding their pledges wanting more answers, well sorry but you are making excuses not to honour your pledge, we all want more answers but that won't happen till this monetary issue with the Club has is resolved!
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| I think it has become clear from the last few weeks how many LOYAL fans we really do have after the Doncaster attendance and less than 30% of season ticket holders pledging
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| The Donny attendance was disappointing, but we have no idea what proportion of households with ticket holders pledged. There will be many with two or three members per household, at which point expecting to get three pledges from that household seems unreasonable at best.
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| Quote ="herr rigsby"I think it has become clear from the last few weeks how many LOYAL fans we really do have after the Doncaster attendance and less than 30% of season ticket holders pledging'"
Just on that 30% figure, 3000 individual pledges that the club keep telling us about. This figure does not equate to 70% not pledging. I would suggest many individual pledges count for the household/family pledge. It did in mine. 1 individual pledge = 4 members, more than £100. So its not a fair relection of the figures IMHO to say 70% of members have not pledged, which is the implication.
Plus the Donny attendance I think compared fine with other super league clubs at home against lower league opposition. (Wigan 4198, London 652 ) I thought it was ok considering the extra amount people have been paying out for the club in the last couple of weeks.
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| Quote ="Duckman"Just on that 30% figure, 3000 individual pledges that the club keep telling us about. This figure does not equate to 70% not pledging. I would suggest many individual pledges count for the household/family pledge. It did in mine. 1 individual pledge = 4 members, more than £100. So its not a fair relection of the figures IMHO to say 70% of members have not pledged, which is the implication.
Plus the Donny attendance I think compared fine with other super league clubs at home against lower league opposition. (Wigan 4198, London 652
) I thought it was ok considering the extra amount people have been paying out for the club in the last couple of weeks.'"
I do think your right on this and I think another reason for the low attendance as such for the Doncaster game has come from the fact that this year Season Ticket holders had to pay, until this year the first round of the CC has been free to ST holders. As you have said many people have pledged and that takes a lot out of the family budget, what we may have to do is miss a few away games and just keep to home games for now and that is not what we usually do as we as a family usually travel to home and away games.
Something has to give somewhere.
On the subject of people pledging and not paying what they pledged is a bit of a sore point to me, I understand the frustration and the lack of information coming out from the Bulls just now but I'm guessing a lot of confidential discussions are going on and as soon as things get confirmed and signed we will hear what we need, its hard I know but it is all we can do.
If some things we hear in the press come to pass then we really are in trouble but I'll shut up about it now I promise
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| I pledged £150 plus bought a virtual ticket for the Leeds game. As I'd pledged, I paid up.
There was always going to be reports that the club would be placed in admin. It shouldn't put you off pledging.
The main reason I pledged, and the reason I honoured my pledged, was that I would feel that I had let the club down if we didn't reach the target and I had done nothing to help.
People who don't want to part with their cash will always find excuses not to help out.
The club asked for our help; I responded. I don't buy all this "it's not the club that's asking; it's the board". It clear that there's been no 'sugar-daddy' alternative to the current board; Caisley left them in a mess; and they've done the best they could fighting a losing battle.
If you're a true fan; you'd honour your pledge.
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| Well said that man. Precisely my standpoint too.
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| I have no problem at all with people not pledging to this board. They haven't helped themselves at all.
Pledging and then not honouring it? Tantamount to sabotage. The time to decide was before pledging.
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| If anyone made a pledge then they should have paid up by now.
Anyone who hasn't simply is a person whose word means nothing. You had the choice to pledge or not. Having made a "PLEDGE" (look it up) you are simply going back on your word if you break that promise and fail to pay. Don't come whingeing on here with your mealy-mouthed self-excusing pathetic justification, man up and say "I gave my word".
Either your word means something, or it doesn't. I fully understand that of course some peoples' word is worth jack schitt.
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| Quote ="vbfg"I have no problem at all with people not pledging to this board. They haven't helped themselves at all.
Pledging and then not honouring it? Tantamount to sabotage. The time to decide was before pledging.'"
Correct.
I suspect the actual amount not honouring pledges will be very very small indeed.
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| Quote ="Duckman"
I suspect the actual amount not honouring pledges will be very very small indeed.'"
I'd be very interested to see the stats on this
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| Quote ="paulwalker71"I'd be very interested to see the stats on this'"
Good luck with that.
I imagine it's as likely as a full and frank statement of the whole facts.
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| 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.
Quote ="paulwalker71"I'd be very interested to see the stats on this'"
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'
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| Quote ="Cows"
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''"
That suggests a non-payment rate of around 10%. All of which has been caused, it seems to me, by the utter lack of communication from the board. Whilst there will undoubtably things that they cannot and should not tell us at the moment, regarding financial conversations, the fact that they have told is absolutely nothing has not helped the cause.
BTW for the avoidance of doubt, I have paid
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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. =#FF0000What 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 believe they [idid[/i say that they would only call in the pledges if/when the other £500k was sourced. Which is why I've been fairly relaxed about things. The silence now, however, is deafening.
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| Quote ="paulwalker71"That suggests a non-payment rate of around 10%. All of which has been caused, it seems to me, by the utter lack of communication from the board. Whilst there will undoubtably things that they cannot and should not tell us at the moment, regarding financial conversations, the fact that they have told is absolutely nothing has not helped the cause.
BTW for the avoidance of doubt, I have paid'"
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.
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| it would not surprise me if the few days extension for the pledge was so they could alsosatisfy themselves that there was a very good prospect of getting the second £500K. If there was no prospect at all Hoods only move would be to resign and let Caisley and his widely trumpeted plan carry the burden. it takes time and it could all go wrong, and the investors/whoever would want confidentiality until its all done and dusted, so they are saying as much as they can, Ryan said yesterday that there was nothing further to report in terms of potential investment into the club, which presumably means that they are still in talks with two parties but nothing resolved.
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