The Incredible Adam Spark Posted November 10, 2010 Report Share Posted November 10, 2010 "Thank you for your e-mail. We are aware of the speculation surrounding the Club at the moment. David Beattie has responded to the “rumours” in this week’s programme. Please rest assured his page in the programme will clear the whole situation up." I look forward to reading Mr Beattie's piece. Thumbs up to the club for responding to me. Quote Link to comment Share on other sites More sharing options...
Junior Posted November 10, 2010 Report Share Posted November 10, 2010 Im thinking that Tom sent that reply to drum up programme sales this weekend Quote Link to comment Share on other sites More sharing options...
Third Lanark Posted November 10, 2010 Report Share Posted November 10, 2010 "Thank you for your e-mail. We are aware of the speculation surrounding the Club at the moment. David Beattie has responded to the “rumours” in this week’s programme. Please rest assured his page in the programme will clear the whole situation up." I look forward to reading Mr Beattie's piece. Thumbs up to the club for responding to me. I got pretty much the same response: Hi Matthew, Thank you for your email. We are aware of the speculation surrounding the Club at the moment. David Beattie has responded to the "rumours" in this week's programme. Please rest assured his page in the programme will clear the whole situation up. Thanks, Ami Again well done to Ami and the club for the very quick response Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted November 10, 2010 Report Share Posted November 10, 2010 Any truth in the rumour we're entering administration if programme sales don't exceed 2000? Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted November 10, 2010 Report Share Posted November 10, 2010 Any truth in the rumour we're entering administration if programme sales don't exceed 2000? Quote Link to comment Share on other sites More sharing options...
Yellow & Redneck Posted November 10, 2010 Report Share Posted November 10, 2010 Rumours being in "inverted commas" makes it pretty obvious that the speculation was total B.S. (Well that's how I'm looking at it.) Quote Link to comment Share on other sites More sharing options...
Tom Hosie Posted November 10, 2010 Report Share Posted November 10, 2010 Any truth in the rumour we're entering administration if programme sales don't exceed 2000? If there is then we're going into adminstration! Quote Link to comment Share on other sites More sharing options...
Members Willjag Posted November 10, 2010 Members Report Share Posted November 10, 2010 we're going into adminstration! Partick Thistle representative admits Club is going into administration! Selective quote that and post it on P&B!!! Quote Link to comment Share on other sites More sharing options...
Tom Hosie Posted November 10, 2010 Report Share Posted November 10, 2010 Partick Thistle representative admits Club is going into administration! Selective quote that and post it on P&B!!! That's naughty. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 11, 2010 Report Share Posted November 11, 2010 http://ptfc.co.uk/news/2010-2011/november_2010/saturdays_programme_v_morton I am sure it will be an interesting read (as always), lets hope all of the interest will see an increase in sales. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 13, 2010 Report Share Posted November 13, 2010 http://ptfc.co.uk/news/2010-2011/november_2010/message_from_the_boardroom_13_11_10 Not quite the complete denial regarding administration that I was hoping for, interesting stuff relating to the Trust & fans' representation. Hopefully there will be a lot of e-mails sent as there have been some very impressive posts on this subject from a number of people here recently. Quote Link to comment Share on other sites More sharing options...
kni Posted November 13, 2010 Report Share Posted November 13, 2010 http://ptfc.co.uk/ne...rdroom_13_11_10 Not quite the complete denial regarding administration that I was hoping for, interesting stuff relating to the Trust & fans' representation. Hopefully there will be a lot of e-mails sent as there have been some very impressive posts on this subject from a number of people here recently. Beattie's comments were totally realistic and refreshingly honest. The bank will have a huge say on our future. At least he is willing to correspond with the supporters via email. I am much more optimistic than I was a few months ago. We now know our financial position - £700k in debt after the PropCo deal. The only way to make the club financially viable in the longer term is for the shareholders to dilute their shareholdings via a rights issue. They will have to take a substantial hit to attract new investors in these difficult times. A good cup run would help enormously too. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 13, 2010 Report Share Posted November 13, 2010 Beattie's comments were totally realistic and refreshingly honest. The bank will have a huge say on our future. At least he is willing to correspond with the supporters via email. I am much more optimistic than I was a few months ago. We now know our financial position - £700k in debt after the PropCo deal. The only way to make the club financially viable in the longer term is for the shareholders to dilute their shareholdings via a rights issue. They will have to take a substantial hit to attract new investors in these difficult times. A good cup run would help enormously too. The only part of the statement I was concerned about was in regards to the prospect of going into administration when he said "...at this time there are no plans..." - I would have been a lot happier if the words in bold had been absent. I agree with the other points you make though. Quote Link to comment Share on other sites More sharing options...
Woodstock Jag Posted November 13, 2010 Report Share Posted November 13, 2010 The thing to remember about a share issue is that, actually, very few shares are held by the current board. The large shareholdings (EP, NS, TH, BM, JT) are all off the board. Beattie owns a sizeable shareholding, but Allan's money's in PropCo. A share issue might actually kill two birds with one stone if it is seen to dilute the shareholding of those not on the board. Quote Link to comment Share on other sites More sharing options...
McKennan Posted November 13, 2010 Report Share Posted November 13, 2010 The thing to remember about a share issue is that, actually, very few shares are held by the current board. The large shareholdings (EP, NS, TH, BM, JT) are all off the board. Beattie owns a sizeable shareholding, but Allan's money's in PropCo. A share issue might actually kill two birds with one stone if it is seen to dilute the shareholding of those not on the board. Quote Link to comment Share on other sites More sharing options...
Winter of '63 Posted November 14, 2010 Report Share Posted November 14, 2010 The only part of the statement I was concerned about was in regards to the prospect of going into administration when he said "...at this time there are no plans..." - I would have been a lot happier if the words in bold had been absent. I agree with the other points you make though. I'm more concerned about the reference to plans - surely no business plans to go into administration...unless the plan was part of an asset-stripping scheme. I would have been more re-assured if he had said that there was no imminent threat of administration. Quote Link to comment Share on other sites More sharing options...
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