rea

A good read on this subject would be the book Napalm: an American biography. Famous quote from him "I have no right to judge the morality of Napalm just because I invented it." One scientist responsible for both Napalm and Vitamin K, science does invent bad stuff, and we dont ban science in schools or anywhere else because of this

To be fair to you both that is quiet funny......see what I did there

Indeed my point is there is good reason to pay him back both in this FO deal and the last one. It was not part of 10000hours deal because he insisted on it to be part of the proposal but because we insisted on it so that eventually 75% could be achieved which is still vital in the long run IMHO otherwise you end up with "the law of least love" Where if you need 75% for a special resolution you as a majority shareholder actually become dependant on the minority shareholders and there counter requests etc to get the vote passed.

Indeed. As noted elsewhere however I do believe it is vital for the fans to own 75% plus 1 share and not just a simple majority hence the reason 10000hours was structured so that it could keep buying until that point. I know that 50 is easy to communicate the reasons but 75% gets you ALL the power

Not quite correct. Difference here is that there are far more shares available for sale. Previously GLS and Ken / consortia etc were at various stages not willing to join together now is different. The financial deal itself from what I have seen on black and white seems good. Gordon pays 600k for shares gets that repaid at cost (so makes no profit from it) does all the work he wants to do as a non paid chairman and finally has no guarantee of the sale of his 8% at the end of the deal. Which in theory smisa never need as they have a majority. Not a bad deal as it is for the sale of the shares part to the fans

Nope you have lost me. Don't understand your point

Which is of course a personal belief of his

Looks like the Royal Society is now opening up the discussion that established evolutionary ideas might need some revision.... https://royalsociety.org/events/2016/11/evolutionary-biology/

Any lender will take its own view on the risk. The very last thing a public bank wants to do is excersise a security on a community based company so they will want plenty of bunce in the numbers to loan in the first place

Difficult to compare as we did not collect any financial information for quite a while after launch and had a paperwork system to get us started for over a year. When we changed to electronic I think we did about 800 in the first week and then the long work started to get us to over 1000. But as I say not really apples with apples

As said elsewhere i find myself in a bit of a bind. On the one hand i have questions, on the other hand i have been there and so i think it more helpful right now that i give the bid team the chance to breath and realise more info in there own time, something which i myself would have appreciated so only fair that i treat them the way i would like to be treated myself

That is not going to happen, there is not room for the FoH, Rangers First and Buy the Buds all together

As i have said elsewhere i fully support Fanownership but will wait for more info and questions to be answered before deciding to join or not

thought so

Sports Scotland and the Clydesdale will be easy to quickly deal with. When i loaned the Club money it took a couple of letters to sort so would not think that particular bit would be difficult so long as you know who and how you need to speak to these orgs and of course so long as they dont perceive a risk bearing in mind CB is now its own floated PLC, howvere CB does not actually have a debt as such and SS is tiny and IIRC related to Ralston

It is the Social Lender v Ethical Lender that i find interesting, generally these are actually the same organisations with a couple of exceptions but the vast majority will require all the social and community caveats 10000hours had, there are of course always new funds appearing so hopefully they have found one that will simply lend for the purposes of buying shares and still be able to have the ethical qualifications that has been stated, because there will be a big queue at their door from all sorts of fans groups very quickly

i accept that

i do understand, but as soon as they have a viable model which is 1000 sign ups they also have everything in place to actually conclude the deal, so no need then to bother with exclusivity just pay the money and GLS and SMISA have control. get it? however from further posts the loan has not ye been sourced for SMISA which could take a wee while especially if a lender will not deal until the 1000 mark has also been passed in which case the exclusivity deal then becomes relevant again

so they could in fact pay it now and make the other bidders take a seat for a few months, bearing in mind deposit is returnable, a proper exclusivity deal would also prevent the sellers speaking further other parties...so why no do it

it would not surprise me with the elections that the BBC might have some issues with an MSP being on this close to the election, and the various broadcast rules at this time

ok, so do i understand by this that the loan is therefore not in place to kick in as soon as the 1000 target is reached? but that only the exclusivity deal kicks in at that point with the loan then to be secured thereafter?

yes sorry NOW... maybe not for this post but would be interested to know what is easier to understand....you still for example have multiple boards, multiple levels of membership, loans, different types of company involved, other groups like Buses and Fans Council, other bids still in the wings. I dont think it is as different as you think when you look at the detail, what i think is different is in the time that has past FO has become a lot better understood and with this bid you dont have the "whats in it for him brigade" making it sound more complex by asking loaded questions and coming with their own agendas. would be interesting to know why the big press launch was cancelled on monday...and who cancelled it. N.B i fully support Fan Ownership as a model of ownership and operation

Ok, but if 1000 members makes it viable and able to complete then why would it need paid as you would just do the deal in totality? is end of May still the deadline?