Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 11:28 pm  

M@islebugs wrote:

Particularly when the things Ryan says are just silly. Why would interested parties be paying attention to a pledge which will only strengthen the potential seller's hand? The inference is that the interested parties don't have any money either.

Because the interested parties don't necessarily have to be equity investors. What they DO have to be is convinced that the club is worth committing funds to. Trust me!

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 12:20 am  

Adeybull wrote:

Because the interested parties don't necessarily have to be equity investors. What they DO have to be is convinced that the club is worth committing funds to. Trust me!

Unfortunately the worst of the sledgers/doomongers are in the T & A which most potential investors would look at to gain information on whether it is worth investing.
Unless the pennies drop and the lightbulbs switched on with all those "Fans" thinking it will alright on the night who don't pledge, they better have a good long look at themselves if the pledge falls way short! NO MORE CLUB!

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 6:28 am  

I think the penny has already dropped with most people. The problem is that the messages being pushed from the BOD are giving people little or no hope. The people sitting on their hands are looking and seeing the struggle to make £500k and are thinking that should we battle through we then have to do it all again. Had they come out and said that if we raise £500k by Friday then this is our plan to raise the rest, then there may have been some hope, Or if they had said we need to raise £1m by the end of April again we may have had hope. Instead the message we are getting is that the speccies have to raise it all because there seems to be no other plan in place and no other investors 'queueing at the door'.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 6:53 am  

In my opinion: If the club gets the £500k - and especially if it exceeds that - the club will not need to come to the speccies again.

If I did not believe that, I could not say I support what they are trying to do.

I believe they have presented it badly. I agree that the PR in recent days has made things worse not better - totally unnecessarily IMO. And I agree that concerns have been needlessly sown that need not have been.

I very very strongly urge the club, once this is all over, to take a long, hard look at their PR and fans liaison because it is crap, whatever they might feel. And have said that to the BOD.

It was crap under Caisley too, for those with short memories (Sky blackout, anyone?) anyone remember how many times we fans got it in the neck for his pronouncements? Remember his assurances over Harris that made so many of us look fools?). But it was less important then, because the club was buying success ultimately with money it did not have, and so fans were less concerned because all seemed generally well. It was NOT well, though, that was the problem.

But it would be a total tragedy IMO if the club fell over because of crap PR and misunderstanding how they need to engage with the fans. This can be fixed going forward, and I believe there is every prospect that it will be. Ten of us saw maybe the first clear proof of that last night, and it was encouraging. I am convinced that in future the club will listen to and sound out the fans far more effectively than it has in the past.

But if the club does not get the funds it needs this week, we'll never get the chance to see it put into practice. And you take your chance with whatever - if anything - might follow.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 7:03 am  

Adey - can you fill us in on what was said last night?
Why do you think they will not have to come to the fans again? Where will the money come from if not?
And...how exactly have we ended up here?

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 7:13 am  

debaser wrote:

Adey - can you fill us in on what was said last night?
Why do you think they will not have to come to the fans again? Where will the money come from if not?
And...how exactly have we ended up here?

Unfortunately I suspect they have a cunning plan from the Professor of Cunning at Cunning University.
The message we are now getting from people that seem to know much more than the rest of us (and I do not mean the BOD) is that yes pledging money to the current bunch is a crap option - BUT IT IS OUR ONLY OPTION.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 7:25 am  

rugbyreddog wrote:

Unfortunately I suspect they have a cunning plan from the Professor of Cunning at Cunning University.
The message we are now getting from people that seem to know much more than the rest of us (and I do not mean the BOD) is that yes pledging money to the current bunch is a crap option - BUT IT IS OUR ONLY OPTION.

Totally understand your sentiments in regards to the above. I was one of those who attended the meeting last night and obviously it's difficult to relay all of the points that were made and agreed / disagreed on.

We didn't allow the BoD to pass us off - hence why we were there for 2 and a half hours. The conversations got down to the nitty gritty of what actually happened which you would not have been able to do at a fans forum or in a press release.

The BullBuilder board is made up of a wide base of professionals from various walks of life, so we had a broad spectrum of questions and not everything was relating to finances. There's some legal stuff historically and potentially in the future that the club could not disclose, or that we could not disclose to the wider public.

Ultimately there is a real plan in place for the club to survive, but the current financial problems that are there mean that the Quest for Survival needs to succeed.

Peter categorically said, that if there was someone else willing to invest and take over (with the correct checks and the clubs best interest at heart) then he will gladly step aside. This is not new news and he has said this ever since he took over.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 7:28 am  

Adeybull wrote:

Because the interested parties don't necessarily have to be equity investors. What they DO have to be is convinced that the club is worth committing funds to. Trust me!

I'm extremely surprised by that. Did the meeteing reveal the following,

Has there been a meeting of the shareholders?
Does the confidential information Ryan spoke of include a valuation of the club?
Does Hood have the capacity to negotiate the sale of a majority shareholding? (ie 50+%)

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 7:49 am  

Well Adey, you've convinced me sufficiently.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:00 am  

rugbyreddog wrote:

Unfortunately I suspect they have a cunning plan from the Professor of Cunning at Cunning University.
The message we are now getting from people that seem to know much more than the rest of us (and I do not mean the BOD) is that yes pledging money to the current bunch is a crap option - BUT IT IS OUR ONLY OPTION.

No cunning plan. Just a plan for surviving this next month, which buys them the time to follow through on all the rest of the plans - which sound far more encouraging.

And yes the pledge IS a crap option. But IMO it is the only option to avoid administration, and is less crap than any of the other foreseeable alternatives.