I make you right on all that. Certainly it all happened way before CAST was formed. We were still in the FAPL, no?
There were two failed attempts to create a CAST before @razil came along and showed the amazing drive and commitment to get it off the ground. It may be that the earliest one had some kind of plan to do something like what @Cardinal Sin described. It sort of rings a bell.
It's a pity that we didn't form a Trust at that time, when they were getting off the ground. All of us who are so active now must share responsibility for not doing it at the time. I guess most of us never dreamed how bad things would become.
Feels like CAFC are sleepwalking to relegation......the bizarre situation regarding KF's status as interim manager, the silence of KM who a few weeks ago could not stop talking to all and sundry, seems to have gone quiet!. It ain't working RD, it really is not?
so what 'criteria' are you using Carly? I think relevant facts like league position and take up of ticket sales might be two that I would use! Or would it be inept pr comments, and general fan engagement?. But you are quite correct......not for me.
The Shareholders voted overwhelmingly to abandon their shares when we left the Alternative Investment Market and to make the club more attractive to new buyers. The mass ranks of minority holders e.g. the fans had no real say in it because the majority shareholders carried the day. Therefore, your certificate is all you and I have left. If I remember rightly, many small shareholders tried to pass their shares to CAST in order to have a voice....
I don't think much of this is correct, timing-wise. It's true to say the small shareholders were always going to be out-voted by the then directors who commanded a majority holding. But the club de-listed from AIM merely to save money. At that stage the shares still had a value and there was an off-market trade in them via a broker whose name I cannot now remember. (Possibly WH Ireland?) The club then slowly and agonisingly became less than worthless. So when it was sold to the previous owners all the shareholders lost their money. All that is apart from a certain Richard Murray, who, while still a loser financially, managed to slap in a loan payback clause. So, by the time CAST came into being, the shares in the old plc were already good for nothing but bog paper or fond memories (or both).
Thanks cafcfan - you are right. I knew they were now officially worthless and that trading on the AIM had been suspended at a few pence. None of us bought shares to make money and they knew at the time but still pretty lame that they were effectively cancelled because the club has always been worth something and it was always possible the value of the club could have increased significantly a al Crystal Palace.
Richard: your investment looks like it has gone now buddy. More chance of me playing in the Prem than CAFC. Time to man up and do the right thing. Are you capable?
Comments
I make you right on all that. Certainly it all happened way before CAST was formed. We were still in the FAPL, no?
There were two failed attempts to create a CAST before @razil came along and showed the amazing drive and commitment to get it off the ground. It may be that the earliest one had some kind of plan to do something like what @Cardinal Sin described. It sort of rings a bell.
It's a pity that we didn't form a Trust at that time, when they were getting off the ground. All of us who are so active now must share responsibility for not doing it at the time. I guess most of us never dreamed how bad things would become.
If only more people had listened.
I think relevant facts like league position and take up of ticket sales might be two that I would use!
Or would it be inept pr comments, and general fan engagement?.
But you are quite correct......not for me.
THIS is your legacy.
You doddery old goat.
UNFORGIVABLE