If its new shares, then we are back to the question of it being a public offer unless the exemption for involved parties applies?

I agree that the existing shares are worthless. But inviting people to invest in what would effectively be new equity brings us right back to where I first started!

My understanding is that the funds are to purchase existing Shares off the Board but that they accept that the shares are not worth anything with the club as it is, so they are just allowing the money raised from that sale to go into the refinancing of the club and they will walk away from any money that would otherwise be due to them.

After 2 weeks since the announcement surley there must be at least one person on this forum who has enquired and been sent by post or e mail the full particulars of this "scheme".

are you lost?
this is the wakey forum?

I Know, that's why I am posting about Wakey

sorry the point i was trying to make was this is wakey, there arent going to be any particulars, thats not how we do things, which is why we're in this hole!

So it is a "scheme" and nothing more, to bring a last bit of money into the club before the 31st January.

The silence from the "club"/"bod"/ and "certain posters on here in the know" is very worrying for all WTWC fans.

There is. While there is no direct link between the ST & the current offer, answers have been sought in an attempt to help those attending next weeks meeting decide how a ST should be created & how it should focus its efforts.

I'm sure the additional info from the club will be posted during or just after Tuesday's meeting.

Why not tell everybody now RDM if you have some answers from the club? It seems a bit tight to with hold information from supporters just to bolster you own groups position.

And to be honest I would want to hear it from the BOD themselves, because lets face it you and The Clan are the two people trying to spin everything in a positive manner regards the share issue.

Which group is this?

I'm not part of any group & have certainly not intended any of my posts to be overwhelmingly in favour of the proposal. I will not be attending the ST meeting as I live & work in the south-east, but feel that the greater detail should be discussed at that meeting first to avoid things being twisted on here by doommongers & trolls on here that would damage the effectiveness of Tuesday's meeting.

I agree it would be better if the BOD had released greater detail, but there is also a hardcore minority who won't listen to what they have to say in any case (even if in some cases their objections to the cuurent management are quite hypocritical).

I don't think you give people enough credit as to their ability to make up their own mind rather than be persuaded by 'doommongers' on a messageboard. Give us the facts and let us make up our minds for christs sake.