Reply To: SUFC Board vs Iron Trust

Iron Bru Forums Blast Furnace SUFC Board vs Iron Trust Reply To: SUFC Board vs Iron Trust

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fans6464
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Registered On: February 14, 2015
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This idea has opened up a while can of worms, it certainly begs questions about FC100000.
FC100000 was mooted about it being a way of buying into the club which provides some extra finance for the club , the assumption being that the shares they bought would lead to the funds being put into the club.
We’re now being fed this idea that if the trust did this it would be from a stock that Michelle kept behind which wood weaken her position ,so unless the others agreed to sell it may be a non starter. So with that in mind and the whole oard apparently wanting FC1000000,how much of that money was actually going into the club an dhow much was just buying shares from shareholders?
It could be that any shares from directors would have seen them donate the cash back into SUFC? It could also be that any shares sold saw them banking their cash ,a perfectly legal thing to do ,them banking it would explain their anger at the FC100000 deal going south.
What cannot be explained is why they are treating the Trust differently to a bunch of gamers. At least not with publicly available knowledge
It would also be nice to know what pot of shares FC100000 were offered.

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