| Roger Brace Re: Trust AGM Vote 14:39 - Jan 15 with 1822 views | Darran |
Taken from the secret Trust Facebook Group
I am proposing two proposed resolutions which are connected to the legal action The Trust Board have already set the claims in motion. I assume the Chairman will provide as full a report of the progress as he and the legal team feel appropriate. I hope that he will not seek to dodge the issue with a suggestion that the action has reached a very delicate stage, which is hardly ever the true position. It is important that the vendor shareholders are made to realise that the Trust is most serious in pursuing its claims for compensation as a consequence of their actions in not seeking the Trust's approval for the sale. Had they done so, I would hope the Trust would have given that approval provided the Trust was compensated for the loss in value of their investment which arose as a consequence. I am not a specialist in the field of share valuations, but if I was required to give my guess of the level of loss, and the compensation that was and remains due, I would estimate approximately £20M, give or take. So you will appreciate the importance of recovering the loss from the vendor shareholders.
Someone then asks him.
So there is no vote for members?
He replies.
Only to the extent that I believe the Trust, including the Trust Board, will be exposed to a substantial legal costs and the members are duty bound to effectively indemnify them. Hence I propose that they be indemnified up to £250,000 plus vat of £50,000, a total of £300,000. Realistically, the cost exposure should be substantially less. But if the authority is there, it saves having to return to the members as and when. It also demonstrates that they are serious in their purpose.
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| Roger Brace Re: Trust AGM Vote on 15:26 - Jan 15 with 1737 views | Highjack |
Roger that. The sellouts should Brace for impact. |  |
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| Roger Brace Re: Trust AGM Vote on 15:44 - Jan 15 with 1705 views | Wingstandwood |
The Trust held out a kinder open hand of compromise and Jenkins and his merry gang spat right into it instead of honouring for what would have been for Jenkins and Co a most one-sided and favourable deal.
It could very well be a "Reap what you sow" own goal from Jenkins and his merry gang. Each and every one a bunch of despicable lowlifes drunk on their own JTAK over-hyped reputation(s) and power hence deluded much! |  |
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| Roger Brace Re: Trust AGM Vote on 15:49 - Jan 15 with 1689 views | LeonWasGod |
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| Roger Brace Re: Trust AGM Vote on 16:02 - Jan 15 with 1659 views | builthjack |
| Roger Brace Re: Trust AGM Vote on 15:49 - Jan 15 by LeonWasGod |
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This picture looks rather naughty |  |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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| Roger Brace Re: Trust AGM Vote on 17:28 - Jan 15 with 1583 views | Shaky |
". . . I believe the Trust, including the Trust Board, will be exposed to a substantial legal costs and the members are duty bound to effectively indemnify them. Hence I propose that they be indemnified up to £250,000 plus vat of £50,000, a total of £300,000. "
What?
Unless I am missing something this is a circular argument, wrapped in some flowery language.
I had assumed these resolutions would have been tabled on the basis of a nod from the board, but this all seems increasingly weird. |  |
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| Roger Brace Re: Trust AGM Vote on 17:36 - Jan 15 with 1561 views | JACKMANANDBOY |
| Roger Brace Re: Trust AGM Vote on 15:49 - Jan 15 by LeonWasGod |
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Looks like she's done it? |  |
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| Roger Brace Re: Trust AGM Vote on 17:39 - Jan 15 with 1549 views | magicdaps10 |
| Roger Brace Re: Trust AGM Vote on 15:49 - Jan 15 by LeonWasGod |
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Is that not T2C when he goes to meet Dineen and Jenkins? |  |
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| Roger Brace Re: Trust AGM Vote on 18:15 - Jan 15 with 1492 views | Glyn1 |
| Roger Brace Re: Trust AGM Vote on 17:28 - Jan 15 by Shaky |
". . . I believe the Trust, including the Trust Board, will be exposed to a substantial legal costs and the members are duty bound to effectively indemnify them. Hence I propose that they be indemnified up to £250,000 plus vat of £50,000, a total of £300,000. "
What?
Unless I am missing something this is a circular argument, wrapped in some flowery language.
I had assumed these resolutions would have been tabled on the basis of a nod from the board, but this all seems increasingly weird. |
What do you mean exactly? I really don't see anything circular in the piece that you've quoted.
But should we be publicizing confidential information that Huw Jenkins and the other Directors will now see and plan for? [Post edited 15 Jan 2019 19:39]
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| Roger Brace Re: Trust AGM Vote on 20:10 - Jan 15 with 1360 views | Shaky |
| Roger Brace Re: Trust AGM Vote on 18:15 - Jan 15 by Glyn1 |
What do you mean exactly? I really don't see anything circular in the piece that you've quoted.
But should we be publicizing confidential information that Huw Jenkins and the other Directors will now see and plan for? [Post edited 15 Jan 2019 19:39]
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On reflection I better not say anything further about this. | |
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| Roger Brace Re: Trust AGM Vote on 21:47 - Jan 15 with 1202 views | LeonWasGod |
| Roger Brace Re: Trust AGM Vote on 17:39 - Jan 15 by magicdaps10 |
Is that not T2C when he goes to meet Dineen and Jenkins? |
Urgh. Wish I hadn’t posted it now. | | | |
| Roger Brace Re: Trust AGM Vote on 02:26 - Jan 16 with 1076 views | Highjack |
| Roger Brace Re: Trust AGM Vote on 18:15 - Jan 15 by Glyn1 |
What do you mean exactly? I really don't see anything circular in the piece that you've quoted.
But should we be publicizing confidential information that Huw Jenkins and the other Directors will now see and plan for? [Post edited 15 Jan 2019 19:39]
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It’s not confidential it’s on the trust website under its agm pdf | |
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| Roger Brace Re: Trust AGM Vote on 02:34 - Jan 16 with 1072 views | Loyal |
| Roger Brace Re: Trust AGM Vote on 17:39 - Jan 15 by magicdaps10 |
Is that not T2C when he goes to meet Dineen and Jenkins? |
The recording of that meet is apparently up for scrutiny by all accounts. |  |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| Roger Brace Re: Trust AGM Vote on 04:28 - Jan 16 with 1058 views | Glyn1 |
| Roger Brace Re: Trust AGM Vote on 02:26 - Jan 16 by Highjack |
It’s not confidential it’s on the trust website under its agm pdf |
OK. Then why did Darran say that it was "Taken from the secret Trust Facebook Group"?
Damn, fooled again. | |
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