Shareholders Resolution Forms

Just wondering - Are other shareholders returning their Written Resolution forms or is their no point as Mr Tan has already cast his majority vote?
Cheers in advance.

To me there is no point.

I'm not a Shareholder (in Cardiff City FC at least) but for me there is every point in returning the forms, as they have to be taken into consideration and may just strike a chord with Mr Tan and others of real influence

The easy things (as with Brexit and Trump) is to sit back and let others have their own way without even a token fight!

I'm not a Shareholder (in Cardiff City FC at least) but for me there is every point in returning the forms, as they have to be taken into consideration and may just strike a chord with Mr Tan and others of real influence

The easy things (as with Brexit and Trump) is to sit back and let others have their own way without even a token fight!

I am a shareholder. Why would I want to put up a fight against something that has to be done if Tan is going to redeem his promise to convert debt to equity and put the club on a better financial footing? The proposal will notionally dilute the value of my shares but they are effectively worthless anyway.Different I suppose if you do object to the proposal but for me it would be a waste of a stamp.

I'm not a Shareholder (in Cardiff City FC at least) but for me there is every point in returning the forms, as they have to be taken into consideration and may just strike a chord with Mr Tan and others of real influence

The easy things (as with Brexit and Trump) is to sit back and let others have their own way without even a token fight!

I am a shareholder. Why would I want to put up a fight against something that has to be done if Tan is going to redeem his promise to convert debt to equity and put the club on a better financial footing? The proposal will notionally dilute the value of my shares but they are effectively worthless anyway.Different I suppose if you do object to the proposal but for me it would be a waste of a stamp.

good post the shares have over the last 15 years been diluted so many times that they are not worth much and any shareholder has no power anyway

I'm not a Shareholder (in Cardiff City FC at least) but for me there is every point in returning the forms, as they have to be taken into consideration and may just strike a chord with Mr Tan and others of real influence

The easy things (as with Brexit and Trump) is to sit back and let others have their own way without even a token fight!

I am a shareholder. Why would I want to put up a fight against something that has to be done if Tan is going to redeem his promise to convert debt to equity and put the club on a better financial footing? The proposal will notionally dilute the value of my shares but they are effectively worthless anyway.Different I suppose if you do object to the proposal but for me it would be a waste of a stamp.

Good post. Surely anyone who has put money into CCFC via buying shares knew they were burning their cash a that point. Let's be fair VT is the one who is going to get his fingers burnt the most as eventually £120m will go up in smoke. So I absolutely agree with your viewpoint.

That said I also get the 'principle' Sven is describing. I might agree with you but that doesn't mean everyone will and they have the right to object and have their say. Whilst I don't admire bloody mindedness I do admire those who believe 100% in their opinion and are willing to fight their corner even if they are in a party of one.

I'm not a Shareholder (in Cardiff City FC at least) but for me there is every point in returning the forms, as they have to be taken into consideration and may just strike a chord with Mr Tan and others of real influence

The easy things (as with Brexit and Trump) is to sit back and let others have their own way without even a token fight!

I am a shareholder. Why would I want to put up a fight against something that has to be done if Tan is going to redeem his promise to convert debt to equity and put the club on a better financial footing? The proposal will notionally dilute the value of my shares but they are effectively worthless anyway.Different I suppose if you do object to the proposal but for me it would be a waste of a stamp.

good post the shares have over the last 15 years been diluted so many times that they are not worth much and any shareholder has no power anyway

I would like to know Keith '62's opinion on how this affects the Supporter's Trust. The Trust must be in a difficult position as it is their stated aim to acquire a shareholding in the club. You can see an obvious problem in that the Trust will be hampered in trying to build up a significant shareholding by the diluting of it's shares every time a debt to equity conversion occurs.

Just wondering if there is any mechanism where the Trust's shares can be protected?

I'm not a Shareholder (in Cardiff City FC at least) but for me there is every point in returning the forms, as they have to be taken into consideration and may just strike a chord with Mr Tan and others of real influence

The easy things (as with Brexit and Trump) is to sit back and let others have their own way without even a token fight!

I am a shareholder. Why would I want to put up a fight against something that has to be done if Tan is going to redeem his promise to convert debt to equity and put the club on a better financial footing? The proposal will notionally dilute the value of my shares but they are effectively worthless anyway.Different I suppose if you do object to the proposal but for me it would be a waste of a stamp.

good post the shares have over the last 15 years been diluted so many times that they are not worth much and any shareholder has no power anyway

I would like to know Keith '62's opinion on how this affects the Supporter's Trust. The Trust must be in a difficult position as it is their stated aim to acquire a shareholding in the club. You can see an obvious problem in that the Trust will be hampered in trying to build up a significant shareholding by the diluting of it's shares every time a debt to equity conversion occurs.

Just wondering if there is any mechanism where the Trust's shares can be protected?

Thanks for raising the point Tony.

CCST , like all football trusts , has the aim of getting greater involvement in the club through a shareholding and representation on the club board. However , we fully appreciate that in a club of CCFC`s size a substantial shareholding is not feasible (the Trust holds £7k of shares and , even before the latest share increase to facilitate the debt to equity move , there were £millions in issue).

Our shareholding does allow the Trust attendance at shareholders meetings when called (if we attend the latest one we would support the new share issue) and also a Trust board representative gets invited to attend the club`s holding company board meetings , so we do have a voice at the "top table" without having to spend literally millions to buy shares which would anyway be a waste of time.

Overall , the Trust is delighted with the dilution caused by the latest proposed share issue PROVIDED THAT it is used to make the promised debt to equity transaction happen sooner rather than later.

Keith

I'm not a Shareholder (in Cardiff City FC at least) but for me there is every point in returning the forms, as they have to be taken into consideration and may just strike a chord with Mr Tan and others of real influence

The easy things (as with Brexit and Trump) is to sit back and let others have their own way without even a token fight!

I am a shareholder. Why would I want to put up a fight against something that has to be done if Tan is going to redeem his promise to convert debt to equity and put the club on a better financial footing? The proposal will notionally dilute the value of my shares but they are effectively worthless anyway.Different I suppose if you do object to the proposal but for me it would be a waste of a stamp.

good post the shares have over the last 15 years been diluted so many times that they are not worth much and any shareholder has no power anyway

I would like to know Keith '62's opinion on how this affects the Supporter's Trust. The Trust must be in a difficult position as it is their stated aim to acquire a shareholding in the club. You can see an obvious problem in that the Trust will be hampered in trying to build up a significant shareholding by the diluting of it's shares every time a debt to equity conversion occurs.

Just wondering if there is any mechanism where the Trust's shares can be protected?

Thanks for raising the point Tony.

CCST , like all football trusts , has the aim of getting greater involvement in the club through a shareholding and representation on the club board. However , we fully appreciate that in a club of CCFC`s size a substantial shareholding is not feasible (the Trust holds £7k of shares and , even before the latest share increase to facilitate the debt to equity move , there were £millions in issue).

Our shareholding does allow the Trust attendance at shareholders meetings when called (if we attend the latest one we would support the new share issue) and also a Trust board representative gets invited to attend the club`s holding company board meetings , so we do have a voice at the "top table" without having to spend literally millions to buy shares which would anyway be a waste of time.

Overall , the Trust is delighted with the dilution caused by the latest proposed share issue PROVIDED THAT it is used to make the promised debt to equity transaction happen sooner rather than later.

Keith

Thanks for the reply Keith. I'm glad the Trust are taking a pragmatic view both in supporting the share issue (providing it is used to convert debt to equity although I don't think it could be used for anything else) and for not throwing it's own good money after bad in trying to buy shares just for the sake of it.

The shareholding CCST holds sounds about right and if it gets you a place at the top table then it has to be considered money well spent.

Keep this up and I might sign up for membership myself as every club needs a strong Supporters Trust and ours is seems to be heading in the right direction.