They aren't.

You can buy shares everyday if you like in whatever company. Should the company you bought shares in go bust then your shares are worthless but as a shareholder you are not responsible for the debts of the company that has gone bust.

My guess is that shareholders who have not given a personal guarantee to the bank would happily give up their shares to any new prospective investor. The problems arises when a call is made on the shareholders who have given a personal guarantee and clearly don't want to stump up the cash to clear the decks!! I would imagine this is the major stumbling block moving forward with new investors and a new regime.

Correct

Ltd company Limited Liability.

Only those who off gaurentees are liable.

I think a few fans were sold that one when shares for fans or trusts were mentioned

Mo things will be OK ,Charlie knows .

Well after a week away it seems the club is no further down the line to solving both the short term cash flow issue or the long term income defficiency , instead we have 2 or 3 groups with different idea's but potentially all unable to compromise or agree to work together

So once again I'd suggest a meeting of the current shareholders should be a priority to clear up the club ownership issue, I will suggest the same to the remaining board members tommorrow

Won't comment on what's going on behind the scenes but I agree with you regards the ownership issue.

If you could get clarity on all the shareholders stance on the shares it would be a huge assistance to all parties in my opinion.

Are you free at any point tomorrow to take a phone call?? Promise not to keep you as long as last time

Cheers,

Andy.

Cheers Steve.

Too many holidays you Pike's have starbug 'never a wom'

we wish, that was the last for a long time

I know where your coming from none on the horizon for me either

You still need 75% of the shareholders to agree to put the company into admin, if it comes to that,

The creditors also have a major say if they do not get paid and could petition the company to enter into admin, although you would lose your money

Reading all what is being said on here, i would be very reticent in handing over any further cash until the skeletons are out of the cupboard or the shareholders agree a way forward either by entering into admin/cva or continuing to fund the black hole.

Anyone left on the board with any sense would be consulting with there banks or an IP, Play your cards right and both could be very beneficial and get the right result for the club and a lot of its creditors

My opinion is that if we enter admin then we are as good as dead. If the rfl decide to relegate us, which they could do, then we will be in champ1 for 2014. Its beginning to look like changes will take place that will mean at least 4 clubs dropping out of the championship to champ 1 and no promotion. We will then be on the wrong side of the line for SL 1&2.

Also haven't the current problems been touted as temporary cash flow problems up to now?

I hope that the groups looking to help/takeover are also aware of a) the rfl bylaws and b) the proposed restructuring of the leagues and the consequences that some with them

*come with them (bloody thickphone)