HSL can't buy any more shares are there are none available.
Is a change of articles of association needed, maybe rebrand stating donations go into playing squad?
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10-07-2019 08:47 PM #1Testimonial due
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Hsl
"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 08:52 PM #2First Team Breakthrough
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Did that come out at the meeting tonight Baldy
Originally Posted by Baldy Foghorn
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10-07-2019 08:59 PM #3Testimonial due
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Yes, shareholding diluted, no new shares can be bought Originally Posted by hibbydad
This quote is hidden because you are ignoring this member. Show Quote"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 09:04 PM #4@hibs.net private member
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Sooner Official HSL comes on to give us a full indication on where we stand with percentages and the rest of it the better
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10-07-2019 09:09 PM #5First Team Breakthrough
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That is disappointing Baldy I really believe the way forward would be to allow more supporters to buy shares in the club
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10-07-2019 09:10 PM #6Testimonial due
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Not possible at this juncture unless a new share issue occurs? Originally Posted by hibbydad
This quote is hidden because you are ignoring this member. Show Quote"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 10:05 PM #7@hibs.net private member
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Originally Posted by hibbydad
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Was as it said that there was no opportunity to buy any shares from the Nominee company’s share holdings ?
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10-07-2019 09:08 PM #8First Team Breakthrough
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HSL shareholding diluted? Originally Posted by Baldy Foghorn
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10-07-2019 09:12 PM #9Testimonial due
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Unless it's normal shareholders? Either way the fans own less % now than pre takeover Originally Posted by kevinc
This quote is hidden because you are ignoring this member. Show Quote"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 09:13 PM #10Testimonial due
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HSL mandate/article of association was to collect monies to buy shares. Now no shares available do we keep donating for playing budget?
"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 09:15 PM #11First Team Breakthrough
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I heard what he said, down from around 37% to around 33% but never picked up on the bit where it was stated that HSL shares were diluted/reduced. Originally Posted by Baldy Foghorn
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10-07-2019 09:08 PM #12@hibs.net private member
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I’m sure Jim will be on to tell us soon enough. Has he met Ron yet? Originally Posted by Baldy Foghorn
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10-07-2019 09:09 PM #13Testimonial due
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Ron said they met on Friday? Originally Posted by tamig
This quote is hidden because you are ignoring this member. Show Quote"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 10:05 PM #14First Team Regular
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Baldy Foghorn Originally Posted by Baldy Foghorn
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As you know I was not at the meeting this evening and I am wondering if you perhaps misheard Ron, as this is not correct.
I understand that following last weeks announcement Ron and his family enjoyed the rest of the week in London following a very busy few weeks leading up to the announcement and that is why we were unable to meet until this week.
We will be writing to our Members tomorrow with a very positive update.
In the meantime could I echo Ron's comments and just ask for a little patience and please allow us just a little time to continue our discussions.
Jim Adie
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10-07-2019 10:09 PM #15@hibs.net private member
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Thanks Jim. I’ll wait for tomorrow’s message. Originally Posted by OfficialHSL
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10-07-2019 10:11 PM #16Testimonial due
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Apologies Jim, thought he said you met Friday. Originally Posted by OfficialHSL
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Hopefully you can discuss a re-brand and we can invest for other things"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 10:19 PM #17@hibs.net private member
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Look forward to reading it Jim. Will be good to get some clarification. Thanks. Originally Posted by OfficialHSL
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11-07-2019 07:23 PM #18Testimonial due
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So you met Monday rather than Friday? Great. Your mandate is no longer as it states on websit (to purchase shares). Originally Posted by OfficialHSL
This quote is hidden because you are ignoring this member. Show QuoteLast edited by Baldy Foghorn; 11-07-2019 at 07:28 PM.
"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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11-07-2019 07:25 PM #19@hibs.net private member
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I think that much is obvious, says in the email mate. Originally Posted by Baldy Foghorn
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11-07-2019 07:30 PM #20resident moaning git
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ER, I think they probably know that but you keep moaning about it anyway. Originally Posted by Baldy Foghorn
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11-07-2019 07:36 PM #21@hibs.net private member
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I think they are well aware that their mandate has changed. It says as much in the email. Further updates are to be provided after the 15th. As they say, they can’t have all the answers right now but are working with the club/Ron on the next steps. Originally Posted by Baldy Foghorn
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11-07-2019 07:58 PM #22@hibs.net private member
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I must admit to being completely underwhelmed by the way that HSL have been treated in this.
It is clear that the new majority share holder has cut a strong deal for himself [which is absolutely his right] which prevents a fan block vote coming to fruition. A situation that the outgoing majority shareholder would have been well aware of [given the level of diligence that was done]
The statements are clear, in terms of HSL and updates from meetings with fans - no more shares for HSL through the club. The importance of the shareholding to me was the 25% that many have mentioned and the security that gave fans over the owners to come. I suppose the focus will now fall on the group of shares not held by HSL/ Ron Gordon.
It also seems very clear that nothing has changed in the week since he took over and it might have been nice for him to meet with HSL at an earlier point rather than look for celebrity photo ops.
There seemed to be a real air of positivity building around HSL with the third strip announcement certainly generating interest recently. i hope that Jim and the other directors find a positive way forward and will await further updates.
All in all, at a time when I should be up about the situation, I feel like I am being handed a pint of cold sick. No dread regarding the current owner, just the feeling that the deal has been put together in a way to block the HSL initiative.
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11-07-2019 09:11 PM #23First Team Regular
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Baldy Originally Posted by Baldy Foghorn
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Can we once again ask for your patience. I, as a Member of the Hibernian Supporters Board met Ron on Monday the 1st July and more of us met him again on Monday 8th of July.
As I said, twice.
Our primary objective has not changed i.e. to acquire as many shares in Hibernian Football Club as possible. Please give me a call if you feel I am not giving out the correct information.
Jim
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10-07-2019 09:15 PM #25Coaching Staff
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I think a rebranding would make sense - clean slate which I feel would get more fans involved.
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10-07-2019 09:19 PM #26Coaching Staff
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Was never about fan ownership for me. Not really bothered about that. Just wanted to contribute to the player budget.
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10-07-2019 09:22 PM #27First Team Breakthrough
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Since452 it was all about having a decent percentage of shares to block a hostile takeover not total ownership
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10-07-2019 09:26 PM #28Testimonial due
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We still have 32/33% as long as the status quo remains. That would be enough to block anything. Originally Posted by hibbydad
This quote is hidden because you are ignoring this member. Show Quote"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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10-07-2019 09:30 PM #29@hibs.net private member
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until we know who the large blocks held by nominee holdings are then we can’t trust them not to sell out Originally Posted by Baldy Foghorn
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10-07-2019 09:45 PM #30@hibs.net private member
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Me too, never want fan ownership Originally Posted by Since452
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