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buddiecat

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You claim to be a scientist but answering questions put to you seems to be beyond you. Was your degree in obfuscation? When you get a difficult question about one of your weird rants, you simply ignore it. Give us a joke about Muhammad.[/quote

They didn't claim to be putting together a ' not for prophet ' bid :P

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No it's not incorrect.

OK let's try again.

At the top I responded to your claim about the OF hogging the media outlets by reminding you that you were a dinosaur and that social media was the way forwards.

I then said the OF couldn't hog that.

You then came back and said the main outlets control their output. Now that either meant you don't understand what social media is (because nobody controls anything on there) or you missed the fact that I used that phrase in the post you were responding to.

I laughed at you at this point in my usual pompous manner.

You then said I should have clarified what I meant.

At which point I wondered which part of my original post, where I used the phrase "social media", was unclear and realised I might be talking to someone who was still trying to come to terms with how a mobile phone worked.

At this stage I believe I may have said something which angered our Irish dwelling friend but we can skip that bit because apparently me simply breathing seems to do that to him.

Finally you attempted to school me on what social media is by mentioning Facebook etc. at which point I thanked my parents for bringing me up to have a hide thicker than a rhino.

I think I've summarised that quite well.

My life force was ebbing away just looking at this, much less reading or responding to it.

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To be honest, they should be doing anything to get publicity ie flash mob in Paisley Gilmour Street; saying they are going canvass the support about merging with our Greenock neighbours (that could backfire!) etc etc.

Upsetting the neighbours in Ralston?

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Genuinely think people are being a bit harsh on the numbers that have signed up in the last 5-6 weeks.

Over 500 St.Mirren fans have each committed to paying £1.4K of their own money towards buying the club. At the end of that 10 year period they really won't have anything tangible to show for their investment. All they will have is the comfort of knowing the football club they love will be owned by the people that love it most.

I'd say in the current climate, after the last two seasons we've had, and coming straight off the back of 200 or so fans committing to paying £10 a month to have a pint in the stadium on a match day, it's bloody good going to have so many signed up already!

When an absolute deadline is in place, and we've had 1 or 2 public meetings more, I'm be pretty confident we'll hit 1,000 sign ups.

I can't make the meeting on Thursday (I've already signed up long ago) but I'd still like to know who the lender is, what rate they are lending at, and what security they will have over the stadium. Appreciate that information may be confidential but it's kind of important that we all know and understand it if possible and I've not seen anyone ask that so maybe some kind buddie can pitch that question for me?

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Genuinely think people are being a bit harsh on the numbers that have signed up in the last 5-6 weeks.

Over 500 St.Mirren fans have each committed to paying £1.4K of their own money towards buying the club. At the end of that 10 year period they really won't have anything tangible to show for their investment. All they will have is the comfort of knowing the football club they love will be owned by the people that love it most.

I'd say in the current climate, after the last two seasons we've had, and coming straight off the back of 200 or so fans committing to paying £10 a month to have a pint in the stadium on a match day, it's bloody good going to have so many signed up already!

When an absolute deadline is in place, and we've had 1 or 2 public meetings more, I'm be pretty confident we'll hit 1,000 sign ups.

I can't make the meeting on Thursday (I've already signed up long ago) but I'd still like to know who the lender is, what rate they are lending at, and what security they will have over the stadium. Appreciate that information may be confidential but it's kind of important that we all know and understand it if possible and I've not seen anyone ask that so maybe some kind buddie can pitch that question for me?

Quote from buddiecat, although now edited....................(apologies, not trying to drop you in it, just trying to clarify if there is a deadline)

Gordon is in the USA tying up things there, he will be back for the public meeting on 19th., May.

The end of May is when Gordon and SMiSA would like to be able to see enough sign ups to proceed with the deal and then lodge the deposit of £100k (£80k Gordon, £20k SMiSA) which gives us one month exclusivity to purchase the consortium shares, meaning no bids from anywhere else can be accepted until July.

So, is the end of May the cut off point or not?

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Quote from buddiecat, although now edited....................(apologies, not trying to drop you in it, just trying to clarify if there is a deadline)

Gordon is in the USA tying up things there, he will be back for the public meeting on 19th., May.

The end of May is when Gordon and SMiSA would like to be able to see enough sign ups to proceed with the deal and then lodge the deposit of £100k (£80k Gordon, £20k SMiSA) which gives us one month exclusivity to purchase the consortium shares, meaning no bids from anywhere else can be accepted until July.

So, is the end of May the cut off point or not?

"Would like to..." Implies that it's not the absolute cut off.

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"Would like to..." Implies that it's not the absolute cut off.

Agree it's very vague, so IS there a cut off date?

PS The reason I'm trying to clarify this is is that I see it as a major issue as a definite date would, IMO, focus peoples attention on the matter.

If there's not cut off date it gives the impression this could drag on, and people won't decide.

Edited by faraway saint

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Agree entirely. I wonder who he is referring to when he mentions the Irish friend getting angry. There are several residents of Ireland who post but he probably doesn't realise that. I don't get angry at him and actually feel sorry for him. He has taken self-aggrandisement to a new level. Shows some sociopathic tendencies too.

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Agree it's very vague, so IS there a cut off date?

PS The reason I'm trying to clarify this is is that I see it as a major issue as a definite date would, IMO, focus peoples attention on the matter.

If there's not cut off date it gives the impression this could drag on, and people won't decide.

I am sure all will be clarified tomorow night, please bear in mind that nearly 600 buds have backed the bid and are ready to go before the 'Official' launch tomorrow night. Also as I am sure it will be made clear the timeline was not of Smisa's choosing! Nevertheless they stood up and are still standing up to be counted!

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I've noticed a couple of people say that they aren't backing the bid as they don't want to join SMISA.

If that's the case for anyone on here, can I ask why? I'm not really clear and just trying to understand! For me, I just see Smisa as the vehicle to takeover the club. Once it's fully in control of the fans then Smisa would become irrelevant...

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I've noticed a couple of people say that they aren't backing the bid as they don't want to join SMISA.

If that's the case for anyone on here, can I ask why? I'm not really clear and just trying to understand! For me, I just see Smisa as the vehicle to takeover the club. Once it's fully in control of the fans then Smisa would become irrelevant...

Hardly! If the process goes to plan then SMiSA will eventually hold 75% of the shares in the club. That's hardly irrelevant. Fans of the club would have to be members of SMiSA to have any say in the running of the club.

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I won't be able to attend the meeting tomorrow for a number of reasons, but can someone please put forward a question for me asking about the business model the buying group intend to follow after concluding the purchase of the club? I have signed up but this is quite an important issue for me. Will the club become Social Enterprise, a non profit organisation, or is the intention to run the club as it currently is being run with the potential for shareholders dividends etc?

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Agree it's very vague, so IS there a cut off date?

PS The reason I'm trying to clarify this is is that I see it as a major issue as a definite date would, IMO, focus peoples attention on the matter.

If there's not cut off date it gives the impression this could drag on, and people won't decide.

Perhaps they are waiting to see if this thing flies without pressure being applied first.

Maybe we'll see a change of focus and intensity if the target hasn't been met by the end of the month and perhaps then we'll see a firm deadline being applied.

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Perhaps they are waiting to see if this thing flies without pressure being applied first.

Maybe we'll see a change of focus and intensity if the target hasn't been met by the end of the month and perhaps then we'll see a firm deadline being applied.

Indeed, "perhaps" and "maybe", not particularly clear for a business deal at this stage of the game.

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Hardly! If the process goes to plan then SMiSA will eventually hold 75% of the shares in the club. That's hardly irrelevant. Fans of the club would have to be members of SMiSA to have any say in the running of the club.

But it wouldn't be SMiSA as we know it now surely? It would have to be structured differently would it not?

Surely you are just a member of the club once the takeover is complete and all shares are transferred in time?

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But it wouldn't be SMiSA as we know it now surely? It would have to be structured differently would it not?

Surely you are just a member of the club once the takeover is complete and all shares are transferred in time?

You are a member of Smisa if you sign up, and as such Smisa will hold nearly 30% of the shares in SMFC from the outset. So you need to be in it, to win it.

The club will carry on being the club, just with different majority shareholders Smisa & GLS. Get along tomorrow night and i am sure any questions you have will be answered.

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But it wouldn't be SMiSA as we know it now surely? It would have to be structured differently would it not?

Surely you are just a member of the club once the takeover is complete and all shares are transferred in time?

I would say it would be , SIMSA and its members are buying the shares and eventually buying enough shares to have control .At the end of the process SIMSA as it is now will be the main shareholder in the club , and members of SIMSA will only be members of SIMSA ,they will not be owners.

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I would say it would be , SIMSA and its members are buying the shares and eventually buying enough shares to have control .At the end of the process SIMSA as it is now will be the main shareholder in the club , and members of SIMSA will only be members of SIMSA ,they will not be owners.

If you are a member of SMISA you own a single share and have IIRC £1 liability in the CBS

SMISA is owned by its members. It is this Member Owned company that owns the shares, and through its articles of associationthe members control the election of the board of SMISA who as Directors control the voting rights of the shares that SMISA own at the CLUB AGM.

SMISA must stay as the owning organisation and members should make sure they understand how it all legally hangs together, hopefully the Bid team will make this clear tonight

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If you are a member of SMISA you own a single share and have IIRC £1 liability in the CBS

SMISA is owned by its members. It is this Member Owned company that owns the shares, and through its articles of associationthe members control the election of the board of SMISA who as Directors control the voting rights of the shares that SMISA own at the CLUB AGM.

SMISA must stay as the owning organisation and members should make sure they understand how it all legally hangs together, hopefully the Bid team will make this clear tonight

Is the meeting not tomorrow night?

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