I assume this is still open for others to keep buying in to it?

My understanding is that it is. Signing up for it before end of year gave you extra benefits.

Received my email from John as well.

Correct

Can I just say it's gone brilliantly, well done Trinity fans.

The first batch of certificates will be going out shortly.

I think when you look at the unit share figures on the certificate you will be astounded. It's not for me to say what that is at the moment, but clearly once people receive their shares it can become open knowledge.

https://wakefieldtrinity.com/member-sha ... ifference/

https://wakefieldtrinity.com/member-sha ... ifference/

I received my share certificate yesterday and each share is valued at £0.01 which I’m not concerned about as I’m
not seeing this as a financial investment which I expect a return on. However the share certificate numbers I have are up to 307,500. Can I conclude that we have sold 307,500+ shares or do we think that it might include shares already purchased by the current board etc?

Sorry AMI but that is exactly how it was explained, unless I'm not understanding your point? It was made very clear that there would never be a financial return on these shares, if that's what you mean as I'm not totally getting your point.

Trinity are a limited company, the sort of shares you seem to think you have would, as far as I'm aware, need to see the company floated on the stock exchange as a PLC or you'd have to spend way way more and buy a seat on the BOD. These are members shares to be invested in the club but ones that come with benefits, they are not shares you would actively trade. You can sell them if you want and you can find a buyer, but that's not what they are designed for, but again I may be misunderstanding you.

See image, this is directly from the application form, if that helps.

As for the numbering, that's probably irrelevant, that could include previous shares, or new directors shares or who knows what, 300,000 could have just been a random staring point. What you have is 500 or 1000 £1 shares in the capital of the Company (that's the asset value of the club in total, including debt), with a nominal commercial value at present of £0.01p.

Hope that helps

To be fair i thought AMI was asking if we had sold 307500 shares in the club. I suspect, as he has, that number includes the likes of JM and MC et el.

You might be right, it was just this line that concerned me a little.

'I received my share certificate yesterday and each share is valued at £0.01 which I’m not concerned about as I’m
not seeing this as a financial'...

As there is no cash investment return element to the shareholder in these shares only to the club I just felt it needed to be made clear.

As for the numbering. If we have sold £300,000 of shares that would be great, when I first saw that figure I made that conclusion but I'm not sure now. The crucial number is the share number, that gives a better idea - if you average it out its probably £750 per certificate - problem is nobody know who has the latest one, could go up to 50 or 500! I assume that will be made public knowledge at the first AGM.

So not having a go, just trying to make things clear, though I probably haven't

Err no PT, I'm entitled to reply as myself and as a member shareholder - if I replied as the HUB that would suggest I knew something and I don't, THAT WOULD BE DISHONEST, I'm not claiming to know, I'm explaining it as I understand it, so pack in trying to score cheap oints by undermining everything I try to say, I just don't know why you feel the need at times. You are way out of line on this.

So AGAIN as far as I understand it, the 0.01p is a nominal amount that by law you have to value any share at, by there very nature you can't give a share a fixed value as it fluctuates in value depending on the state of the company, that's how it works, I'm not stating anything radical. Trinity can't say that share is worth a pound because they don't know if it is but if they stated it was they would be liable. The £500 or £1000 you paid for those shares is what you paid, it's what they cost you, it's not what they are now worth - that's the point, these shares are highly unlikely to ever be worth what you paid let alone in profit.

It's very simple, something is only worth what someone else will pay and that applies to shares as much as cars or houses. Thats why in the late 90's you could pick up Asda shares for £4 when a year earlier they were £40, yet I suspect when they were first issued they to had a nominal value that was tiny.

Finally if you are thinking they might increase in value if there was a take over, then no, the percentage of the shares owned by the fans is to small and wouldn't tip the balance. If we were taken over the buyer would buy out the BOD's, however that is highly unlikely, not just at Trinity or any other club. Most likely a new owner would simply buy the debt - nobody is coming out of this one alive (don't take that literally like you normally do, I only mean financially).

Hope that help!

I know AMI and I know he is definitely not looking for a return on his investment… I think like me he’s interested in the amount that the club has managed to raise..
I’m sure it is a question for the board members at the shareholders meeting , when we’re having our tea and biscuits.

That’s exactly what I was asking but I got a lecture instead. Also I read Vastmans initial response which was much less polite than the one on there now. I just wasn’t able to reply at the time. He obviously had a word with himself and toned it down slightly and edited it.

There’s a shareholder meeting on Thursday 9th 6pm.
Did I read somewhere that it would be online for those who couldn’t attend? Or have I dreamt it?
Does anyone know?