We were not informed about the name of the investor, but they done checks and they are not ideal but are acceptable.
We were asked to vote to allow the board to issue shares etc and bring investment. In the end a vote was approved for the board to return when the members have being given more information including safe guards !!! The vote was about 30 % completely agaist and 70% wanting more info.
See what happens next !!!
Glad the majority of shareholders made the right call wanting more info before deciding. However, the fact the Board won’t tell you the investors name should be enough to tell you all that something is seriously not right. What on earth does ‘done checks, not ideal but acceptable’ mean? What definitions are they using. Do you have any faith in the Board MTFC? Do they know what they are doing and is it the best for the club’s stability and it’s future? Not getting good vibes from them based on actions so far.
Also, when are they returning to you and where does this leave your EGM that was scheduled for tomorrow?
