mjb Posted January 13, 2015 Report Share Posted January 13, 2015 Google or Babel translation can be laughable, however the more you look at Argentinian or Chilean articles on Mr.Pini there is a pattern. Third party ownership of players, front companies owning clubs, tax avoidance and being chased by Argentinian taxman, using club to transfer players who have never played for them.He also seems to have a celebrity "Hello" type lifestyle. He's a lawyer/accountant to top it all.Added to that is the financial chaos in Argentina and the strict currency export controls. I suppose we'll just have to wait and see. Quote Link to comment Share on other sites More sharing options...
Frank McGarvey' wonky legs Posted January 13, 2015 Report Share Posted January 13, 2015 Google or Babel translation can be laughable, however the more you look at Argentinian or Chilean articles on Mr.Pini there is a pattern. Third party ownership of players, front companies owning clubs, tax avoidance and being chased by Argentinian taxman, using club to transfer players who have never played for them.He also seems to have a celebrity "Hello" type lifestyle. He's a lawyer/accountant to top it all.Added to that is the financial chaos in Argentina and the strict currency export controls. I suppose we'll just have to wait and see. And Gilmour reckons that they are fit and proper in comparison to the member of the English consortium. You really couldn't make this shit up. Quote Link to comment Share on other sites More sharing options...
Kendo Posted January 13, 2015 Report Share Posted January 13, 2015 And Gilmour reckons that they are fit and proper in comparison to the member of the English consortium. You really couldn't make this shit up. I thought he was still in South Africa? Quote Link to comment Share on other sites More sharing options...
aldo_j Posted January 13, 2015 Report Share Posted January 13, 2015 And Gilmour reckons that they are fit and proper in comparison to the member of the English consortium. You really couldn't make this shit up. Part of you has to wonder though... 21 parties have registered interest since the club went up for sale. Some may not have progressed at their wish and some may have been shot down by the consortium. So the Argies have obviously made some impression if they are sill in the running. Quote Link to comment Share on other sites More sharing options...
thewhiteman Posted January 13, 2015 Report Share Posted January 13, 2015 (edited) just had the chance to read the previous two or three pages of this thread and as smisa secretary would like to say we appreciate all points made and to be honest there are none that are miles out whether it be suggesting what smisa should or shouldn't be doing right now, fan takeover bids, aims and purpose, share purchase, fighting fund etc etc where I can hope to shed some clarity on the situation as regards the supporters trust is . . historically kick started to put some additional finance into the club is something that is still happening through various sponsorship etc. this continued for some time but changed to to acquire unissued shares in the club after a few years as membership (£10 at the time) and funds increased meaning peoples contributions were going straight into the club and at the same time those members getting something tangible in return when the consortium then started to take shape (long before it was announced) and the club became more financially stable suddenly they didn't really need the supporters money any more and unissued shares were refused, for a whole range of now obviously made up reasons. smisa had no option but to advise members that the trust could not ask people to continue to contribute the £10 if it wasn't really wanted by the club and the £2 was set as a nominal amount for things like occasional sponsorship to keep the trust in focus as best as possible in the circumstances, meaning at the same time this to some degree kept the minimal dialogue with the club amicable to ensure things like the player of the year events etc could be held for the benefit of the fans and ensure management and players were supportive of any events. this basically continued, low key for a few years, but still existing and strangely enough what kept the committee and all time low membership of approx. 60 motivated was that some day knowing that the club would come back looking for money at some point ( bearing in mind there was circa £40k plus n the bank) the trust continued to try and generate interest in the club, events, exhibition, schools competitions etc. 10000 hours, yes we were hopeful it would have worked and were initially supportive but for reasons well documented had to do what we felt best for the members and their money. just over a year ago the committee decided that we couldn't go on in our current format doing, well not very much frankly, at that time, dec 2013, we had £50k in the bank and 65 members, and an uninspired committee meeting every now and then, however at that point we changed individual roles, partly due to some peoples home life and partly due to a couple of members joining the committee. it was decided once reorganisation was in place to set targets for private share purchase (endorsed by the membership) and increase membership etc etc at Christmas 2014 we had increased to 125 members and purchased approx. another 2000 shares. in order to increase membership we kept the base membership fee at £2. the main purpose then was to gradually build strength bot in numbers and members, and while continuing to invest in st.m meaning that indirectly the club to some degree would also come to depend (expect) the annual financial contribution from smisa, enhancing strength further. we are now, more than ever in a position of strength to approach the board of st.m (whoever they were) with any proposals which was intended to be the next stage, however the increase in events and speculation has meant we need to raise our game, rapidly in summary, what would seem to be an extended period of inactivity has in fact has allowed the trust to become more consolidated, and prepared for whatever was required as demanded by its membership, in the time of need that time is now Edited January 13, 2015 by thewhiteman Quote Link to comment Share on other sites More sharing options...
Frank McGarvey' wonky legs Posted January 13, 2015 Report Share Posted January 13, 2015 Part of you has to wonder though... 21 parties have registered interest since the club went up for sale. Some may not have progressed at their wish and some may have been shot down by the consortium. So the Argies have obviously made some impression if they are sill in the running. Can't figure it out, They are getting desperate to sell as they figure that if we are relegated then the price and their pension fund goes down. They knock back one seemingly dodgy consortium in favour of another that looks even worse on the face of it. Quote Link to comment Share on other sites More sharing options...
thewhiteman Posted January 13, 2015 Report Share Posted January 13, 2015 sorry to go on a bit there but I hope if nothing else it gives everyone an understanding of where we sit right now, and how we got there, with a fighting fund, increased shares, increased membership and hopefully increased credibility (I think) all available to used as the membership thinks best for st.m, Quote Link to comment Share on other sites More sharing options...
waldorf34 Posted January 13, 2015 Report Share Posted January 13, 2015 What SMiSA need is 10 percent of the shares, which will mean they have the power to call an EGM and can audit the accounts even if the new owners hold 75 per cent This can only come about if fans will sell or donate their shares ,and I believe this is as urgent as getting new members. The new owners,if they have 75 percent need no longer have an AGM Quote Link to comment Share on other sites More sharing options...
mad saint 2 Posted January 13, 2015 Report Share Posted January 13, 2015 thanks for clearing up some ? i had and good luck in what you are trying to achieve now if board have 75% of shareholding and sell this then the new owners can do what they like regardless of our concerns ,if they purchase club do they not have to offer to buy remaining shares and if so how does that leave us , the board better make the right decision or we will be f,,,,ked, j Quote Link to comment Share on other sites More sharing options...
TopCat Posted January 13, 2015 Report Share Posted January 13, 2015 And Gilmour reckons that they are fit and proper in comparison to the member of the English consortium. You really couldn't make this shit up. Does he? Quote Link to comment Share on other sites More sharing options...
stripey Posted January 13, 2015 Report Share Posted January 13, 2015 I am hearing that the club has been sold and our new owners will take over at some point this week. They are from Argentina, so get your money on the new manager being South American. Exciting, and absolutely terrifying in equal measure. Hold on to your hats ! Any idea when the announcement will be made this week Div Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted January 13, 2015 Report Share Posted January 13, 2015 Any idea when the announcement will be made this week DivA few more days of increased traffic on this site first? :-D Quote Link to comment Share on other sites More sharing options...
Frank McGarvey' wonky legs Posted January 14, 2015 Report Share Posted January 14, 2015 Does he?If he didn't then would they be this far advanced in the takeover process? He may have been out the country but as he said himself he is in constant touch through many modern means. Quote Link to comment Share on other sites More sharing options...
Singapore Saint Posted January 14, 2015 Report Share Posted January 14, 2015 the amount of time this cheque is taking to clear would suggest it's a "Provi" Quote Link to comment Share on other sites More sharing options...
Isle Of Bute Saint Posted January 14, 2015 Report Share Posted January 14, 2015 Google or Babel translation can be laughable, however the more you look at Argentinian or Chilean articles on Mr.Pini there is a pattern. Third party ownership of players, front companies owning clubs, tax avoidance and being chased by Argentinian taxman, using club to transfer players who have never played for them.He also seems to have a celebrity "Hello" type lifestyle. He's a lawyer/accountant to top it all.Added to that is the financial chaos in Argentina and the strict currency export controls. I suppose we'll just have to wait and see. Google or Babel translation can be laughable, however the more you look at Argentinian or Chilean articles on Mr.Pini there is a pattern. Third party ownership of players, front companies owning clubs, tax avoidance and being chased by Argentinian taxman, using club to transfer players who have never played for them.He also seems to have a celebrity "Hello" type lifestyle. He's a lawyer/accountant to top it all.Added to that is the financial chaos in Argentina and the strict currency export controls. I suppose we'll just have to wait and see. Why does that matter we need change now - Some would say ! Quote Link to comment Share on other sites More sharing options...
rea Posted January 14, 2015 Report Share Posted January 14, 2015 There's no shares to buy, unless someone contacts SMISA to sell them their shares privately. or you could go out and contact the shareholders and ask them rather than wait. Quote Link to comment Share on other sites More sharing options...
Buddie-Boy Posted January 14, 2015 Report Share Posted January 14, 2015 I think the English consortium have called the board's bluff by pulling out. I think the English bid was the preferred bid and the Argentine stuff was only a ploy to get them to finalise a deal. Quote Link to comment Share on other sites More sharing options...
rea Posted January 14, 2015 Report Share Posted January 14, 2015 thanks for clearing up some ? i had and good luck in what you are trying to achieve now if board have 75% of shareholding and sell this then the new owners can do what they like regardless of our concerns ,if they purchase club do they not have to offer to buy remaining shares and if so how does that leave us , the board better make the right decision or we will be f,,,,ked, j No it is a Ltd Company not a PLC, so no offer needs to be made for the rest of the shares. However if any party was to get to 90% then they could force everyone to sell so they have 100% IMHO this is highly unlikely as in practice it is really difficult to even find 90% of the shares and who ones them and more importantly how to contact them Quote Link to comment Share on other sites More sharing options...
TopCat Posted January 14, 2015 Report Share Posted January 14, 2015 If he didn't then would they be this far advanced in the takeover process? He may have been out the country but as he said himself he is in constant touch through many modern means. Well there's no official word that they are even in takeover talks, never mind those takeover talks being advanced. Quote Link to comment Share on other sites More sharing options...
southside saint Posted January 14, 2015 Report Share Posted January 14, 2015 or you could go out and contact the shareholders and ask them rather than wait. They have. Do keep up. Quote Link to comment Share on other sites More sharing options...
beyond our ken Posted January 14, 2015 Report Share Posted January 14, 2015 Part of you has to wonder though... 21 parties have registered interest since the club went up for sale. Some may not have progressed at their wish and some may have been shot down by the consortium. So the Argies have obviously made some impression if they are sill in the running. you could have the aspiration bid was in thesame boat 2 weeks ago unfortunately for bidders, our BOD keep them going well past the end of any interest so that they can imply that there is some competition Quote Link to comment Share on other sites More sharing options...
rea Posted January 14, 2015 Report Share Posted January 14, 2015 They have. Do keep up. Have they written to all the shareholders? dont think so Quote Link to comment Share on other sites More sharing options...
WeeBud Posted January 14, 2015 Report Share Posted January 14, 2015 They have. Do keep up. Absolutely no-one has contacted me about my shares be it the BoD or SMISA!! Quote Link to comment Share on other sites More sharing options...
rabuddies Posted January 14, 2015 Report Share Posted January 14, 2015 Absolutely no-one has contacted me about my shares be it the BoD or SMISA!! Nor me!! Quote Link to comment Share on other sites More sharing options...
saint in exile Posted January 14, 2015 Report Share Posted January 14, 2015 Absolutely no-one has contacted me about my shares be it the BoD or SMISA!! Me neither. Opportunity missed? Quote Link to comment Share on other sites More sharing options...
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