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8 minutes ago, Islaydarkblue said:

An excellent meeting.

Glad to hear it, but what was discussed?  

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15 minutes ago, Cookie said:

Glad to hear it, but what was discussed?  

You do not have to be Einstein to work out what was discussed. 

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15 minutes ago, Cookie said:

Glad to hear it, but what was discussed?  

Just about things about Dundee f.c and shares ?

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30 minutes ago, Islaydarkblue said:

An excellent meeting.

What was excellent Islay? Any specifics?

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16 minutes ago, Cobra said:

What was excellent Islay? Any specifics?

I am saying no more. 

You should have joined DFCSS prior to the meeting and you could have heard everything that was discussed for yourself.

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Just now, Islaydarkblue said:

I am saying no more. 

You should have joined DFCSS prior to the meeting and you could have heard everything that was discussed for yourself.

I never said I wasn't a member of DFCSS. I'm just not going to make a 400-mile trip for a meeting.

Bit silly to take the stance that people who were there shouldn't share the contents of the meeting with the wider fanbase.

I'm sure others will be happy to fill us in.

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😂😂

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11 minutes ago, Cobra said:

I never said I wasn't a member of DFCSS. I'm just not going to make a 400-mile trip for a meeting.

Bit silly to take the stance that people who were there shouldn't share the contents of the meeting with the wider fanbase.

I'm sure others will be happy to fill us in.

It was announced at the meeting that all DFCSS members will receive an email in due course. No doubt some poster who is a member of DFCSS will post details of the email on this forum but it will not be me.

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5 minutes ago, Islaydarkblue said:

It was announced at the meeting that all DFCSS members will receive an email in due course. No doubt some poster who is a member of DFCSS will post details of the email on this forum but it will not be me.

Fair enough Islay. I just it strange that you would want to come online after the meeting to notify us that it was excellent but that you're not prepared to share a single thing about what was said.

Folk really just need to know if there was anything said to allay concerns about the board's motives for wanting to increase their share of the club.

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Why would any Dundee fan want to keep any information from other Dundee fans?

Or at least explain if they are unable to.Its a lack of communication that is the problem.Fans are concerned and rightly so.

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8 hours ago, Islaydarkblue said:

I am saying no more. 

You should have joined DFCSS prior to the meeting and you could have heard everything that was discussed for yourself.

Thank goodness you are still living on Islay.  You have previously posted if you were living in Dundee then you would stand for election to the DFCSS board.

With that type of attitude i sincerely hope you are never voted on to the board if you return to Dundee,   and you wonder why members are dwindling????

 

 

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9 hours ago, Islaydarkblue said:

I am saying no more. 

You should have joined DFCSS prior to the meeting and you could have heard everything that was discussed for yourself.

🙉 🙈 🙊

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Am assuming the Islay hotel menu, the Islay transport system, bin collections and ferry times were all discussed and passed with a unanimous verdict and that’s why it was an excellent meeting. On that basis lads we will all sleep easy tonight now 😎

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2 minutes ago, Dayster said:

There was no secrecy to the meeting at all, if Islam doesn’t want to share details then that his call 🤷‍♂️

 

AGM itself was just usual sort of business 

The Q&A was completely focused on share issue - there will be a clarification email out in the coming days

 

my takeaways-

consultation was a incorrect as it states FPS desire is for 75%+ , it’s not its to amend the entrenched rights ( as they have no desire to purchase dfcss ordinary shares

- the entrenched rights have already been broken ie level of borrowing, but the only recourse society has is legal which is a road they would be reticent to go down

-A share holders agreement may give stronger rights but its a shareholder agreement, if the shares are shifted then it’s no longer valid - worry over long term protection 

-suggestion was that the veto need relaxed for funding of camperdown development - I don’t buy it, the club aren’t part of development that’s dark blue holdings so our rights have no bearing. Club just need to ask Society consent for stadium move that would be granted

General feel was that we are being asked to decide something without any detail or a firm proposal. FPS need to layout there long term plans and what the seek to do with change of rights (to all fans)

concensus was that there was no value in selling the A shares

Cheers R,   Can i ask what is the level or borrowing now or was that disclosed?   It used to be £50,000 is that correct?

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2 minutes ago, Thegen65 said:

Cheers R,   Can i ask what is the level or borrowing now or was that disclosed?   It used to be £50,000 is that correct?

Not something I’ve checked myself but was mentioned yesterday that there was 1m borrowing (from Tim Keyes ) in the last accounts - since been converted to shares 

 

technically he he could have bought the shares first as cash injection to avoid hitting the entrenched rights. I believe the can borrow over 50k if it’s classed as short term ie under a year

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Should have added that FPS suggestion was that any money from the sale of shares was then used by the society as part of DFC in the community 🤯

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9 minutes ago, Dayster said:

There was no secrecy to the meeting at all, if Islam doesn’t want to share details then that his call 🤷‍♂️

 

AGM itself was just usual sort of business 

The Q&A was completely focused on share issue - there will be a clarification email out in the coming days

 

my takeaways -

consultation was a incorrect as it states FPS desire is for 75%+ , it’s not its to amend the entrenched rights ( as they have no desire to purchase dfcss ordinary shares

- the entrenched rights have already been broken ie level of borrowing, but the only recourse society has is legal which is a road they would be unlikely to go down

-A share holders agreement may give stronger rights but its a shareholder agreement, if the shares are shifted then it’s no longer valid - worry over long term protection 

-suggestion was that the veto need relaxed for funding of camperdown development - I don’t buy it, the club aren’t part of development that’s dark blue holdings so our rights have no bearing. Club just need to ask Society consent for stadium move that would be granted

General feel was that we are being asked to decide something without any detail or a firm proposal. FPS need to layout there long term plans and what the seek to do with change of rights (to all fans)

concensus was that there was no value in selling the A shares

Islay (or Islam 😉 ) Will be raging with you.

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1 minute ago, Dayster said:

Not something I’ve checked myself but was mentioned yesterday that there was 1m borrowing (from Tim Keyes ) in the last accounts - since been converted to shares 

 

technically he he could have bought the shares first as cash injection to avoid hitting the entrenched rights. I believe the can borrow over 50k if it’s classed as short term ie under a year

Cheers for the info fella.

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13 minutes ago, Dayster said:

There was no secrecy to the meeting at all, if Islam doesn’t want to share details then that his call 🤷‍♂️

 

AGM itself was just usual sort of business 

The Q&A was completely focused on share issue - there will be a clarification email out in the coming days

 

my takeaways -

consultation was a incorrect as it states FPS desire is for 75%+ , it’s not its to amend the entrenched rights ( as they have no desire to purchase dfcss ordinary shares

- the entrenched rights have already been broken ie level of borrowing, but the only recourse society has is legal which is a road they would be unlikely to go down

-A share holders agreement may give stronger rights but its a shareholder agreement, if the shares are shifted then it’s no longer valid - worry over long term protection 

-suggestion was that the veto need relaxed for funding of camperdown development - I don’t buy it, the club aren’t part of development that’s dark blue holdings so our rights have no bearing. Club just need to ask Society consent for stadium move that would be granted

General feel was that we are being asked to decide something without any detail or a firm proposal. FPS need to layout there long term plans and what the seek to do with change of rights (to all fans)

concensus was that there was no value in selling the A shares

Thanks for that Daystar.

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