Re appropriation of shares

[+Naelifts]

Just received my letter re shares. Happy to oblige although I do think that some acknowledgement should be made by the club. £250 was a lot 30 years ago and I particularly enjoyed being able to get hold of priority match tickets for big match days. These days are long gone but I think those surrendering their shares should keep this benefit. A simple list would be all that is required. Anyone else feel the same?

[CaleyCanary]

I do indeed Naelifts - £250 was a significant contribution 30 years ago and like most I saw it as a donation with the opportunity of priority tickets being a welcome benefit.

I’m happy enough to sign my shares over but think it would be a nice gesture to give us something in the way of recognition for us clubbing together to help the club all those years ago.

[Scotty]

According to one of the inflation calculators you can find online, £250 back then is equivalent to around £498 now. I shudder when I think how little I was paid back then so it wasn't like it was just falling out of the wallet or back pocket ... I had to make sacrifices to buy them back then. Once I get my letter, I will let them go as its for the good of the club, just like the share purchase back then was too.

However, some form of recognition, or commemorative (non-voting) share would be a nice gesture for those who are giving these up. It doesn't give us any money or influence, but I don't think thats what any of us want as we never had that in the first place. However, as you go down the list, those with more shares might think that something like that is a pretty hollow gesture and perhaps it is for those with a significant shareholding who maybe DID want (some) power or influence ... but of the 537 names listed in the document in the other thread a little under 85% of shareholders have 1000 shares or less with 261 having 250, and around 70 having either 500 or 1000 each.

 

[CELTIC1CALEY3]

Presumably this process is why exiting Administration probably seems unlikely by the Montrose game? Were you given a timescale by which to respond?

[LisleRightPeg]

[CELTIC1CALEY3]

Hobson's choice.