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The Boardroom Carve Up


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"The Great Boardroom carve up

I knew it wouldnt be long before for some sort of response from Ashley about the 3 bears buying Laxey shares and some sort of devious scheme to protect his position.

His loan which was bullied through despite 2 better funding offers being available seen him get to appoint 2 directors. Despite Somers attempts at the AGM to suggest Llambias was independent not his first placement, it was Ashleys choice.

He has been contemplating his second place but due to recent events, Somers email being outed and his possible required removal and the three bears buying shares, Ashley now thinks two directors may not be enough.

His loan was for six months but his board placement agreement is for two years and if he could place three directors then this would keep him in power of the day to day running with out needing more shareholding.

Over the next few days he will attempt to get Barry Leach on board as an "independent" Finance Director and then place his second choice giving him three directors under his instruction. This could potentially give him control in the board room regardless of the next moves of the three bears for years.

Remember what I said yesterday, whoever underwrites the next share issue will control our club and if he controls the boardroom he will in effect decide who becomes the underwriter.

I also mentioned yesterday that I was swaying from "game by game" to "not a penny more" these actions go some way to making my decision for me.

Those who believed that because the three bears bought shares meant the game was over and the "good guys" had won, need to be aware that its far from over. We are dealing with men driven by greed and not the love of our club.

It is my personal decision to become "not a penny more" and every fan should decide for themselves but they deserve to know the facts about who they are about to give their money to.

Craig"

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Said it on another thread some just don't want this mess to end as they will fade back into obscurity when it does.

At this point I really don't care who underwrites the share issue if they want control of the club then they are going to have to pony up for it and fast.

Hopefully a new gaffer and a few loan deals can be funded by this share issue.

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My arse has more skelfs than a broken fence now!

I'm not in any fans groups or member of RF or BR.

The one thing that I'm concerned about is the message, not the messenger. If this turns into a boardroom battle that could damage my club even further, then these three Bears better know exactly what their overall outcome will be and their plan better be bulletproof.

If these two groups start a boardroom war, one won't blink. They'll pull the plug!

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