When I was in the happy position of being able to buy shares in a company, I would research its performance. This meant going back at least 3 but more often 5 years and going through the P&L and balance accounts. This would be difficult for EF as they only publish abbreviated accounts so unless I could see the full accounts I would be hesitant at least. I know that it is not the same here as it more about retaining the team than gaining a profit but it would be a sad day for supporters to raise the funds only to see a bankruptcy in a few years.

That being said the directors' bid and their request for help shows no substance only words of hope with no sign of how they are going to raise the funds or pay them back. The other point is their assurance that the shares will be sold to fans after 5 years but the way it is set up you will only be eligible if you have several thousand pounds. No mention of what you may have contributed to the original purchase which is a bit of a con in itself. Also how many ordinary fans can raise that amount or want to when all they wnant is small share in their club. I would think a holding of 100 shares costing around £400 is what most fans would want and could afford.

Before I would even consider supporting this bid I would at least have to see full accounts for the last financial years which can easily be published before the AGM. Then I would want to see a full business plan showing facts and figures for the raising of money and how to put the club on a firm financial footing over the next 5 years.

Otherwise it is all just smoke and mirrors like last years trumpeted takeover and we deserve more than that!

well put JJ

I would also want a more credible answer for where the money placed in a bond has gone.

"We had quite a few postponements that season"- just doesn't cut it I am afraid.

I would also invest if I could see clear and transparent accounts (inc. balance sheets) But I would also want to see what the directors business plan was to give me confidence that my investment would not be wasted.

Has East Fife ever had a bankrupt director, which threatened the club's existence?

Are any of the current directors bankrupt, or ever have been? After all, the last thing we want is a former bankruptee to be running the club, do we? If not, why should you think that they will be in the near future?

If you think that the directors do not have enough money to ensure the club will survive, why would you want rid of the current majority shareholders when they surely have enough money to ride through the rough times? If they don't, all the more reason to back the current bid, or are you deriding it for personal reasons?

How did your last share purchase perform?

Where is the proof of your financial nous, so that we can take your comments seriously? This would probably mean you having to identify yourself, of course.

You could have bought EF shares in the past, why didn't you (maybe you have)? There are many small shareholdings in East Fife I believe and they didn't cost thousands. They are supporters who were prepared to possibly lose their money, but bought their small shareholdings to be part of the club. It sounds like you are only looking at buying EF shares to try and make a profit, just as you did when you were in - "a happy position".

Can we be sure you have a clean financial bill of health and that we can be confident you are indeed a financial guru and can be listened to? At the moment, nobody knows you from Adam.

You sound as if you're speaking on behalf of others. Who might they be?

Deary me aka Ringo aka Jocky


^^^^
Seething 😄

Jim Stevenson has said asking supporters for help is like asking them to jump off a bridge? Bit if a slap in the puss to the guys who pledged almost 25k for a new shop we clearly didn't need. Why can't the board and supporters work together and buy club?

Deary Me,
May i ask why you changed your name from Ringo and before that as Jocky?
Was it because you were outed as an absolute tool by any chance?

Do tell.

I must say that I haven't noticed your username much in the past? It is always good to see new faces on AFTN, but the question is - Are you really new to AFTN? I Wonder? Maybe you got outed as one not having an argument, so gave up and started again with a different name? Have you ever heard of Pot & Kettle? The same way you finish up before choosing another ridiculous username, is to target anybody who disagrees with your bile. You cannot argue with facts, so resort to more insinuations and have nothing to say that backs your argument, which isn't in fact an argument, only accusations. What an infantile knob you are.

Yes yes, but do please answer the question Jocky.

Hiya SPF, Hiya! Hiya amazed, hiya. Hiya Jack, Hiya Lickspittle, Hiya Hanging BAM, hiya!

Just answer their questions Deary Me.

It seems like a rushed deal to me.
With A director having a go at supporters in paper for not paying at gate not sure where I go from here . Being a season ticket holder would I consider paying at gate too in good off the club and all that then yeah I would . But you can ram your embarrassing comments dragging my clubs supporters down. Did you ask fans for help before going to the papers eh ? What about that 25 k fae squareknot ? Come up with some business plan and I'm sure you could have it .

So that's us back to a laugthing stock again ... Let normal service resume

It's only you folk on this site that are a laughing stock - normal for the AFTN saddos.

Thoughts on the takeover bids:

For me, the best thing about the Lee Murray era, was the communication that came from himself, and out of the club. I think most supporters noticed, and when you're communicated with, you feel included, part of things. And that's what I think we need around here, for a better future. We need everyone to feel like they're part of things.

The EFSS proposal, for community ownership couldn't be more in line with that. Funding the purchase of the shares through donations, and giving equal voting rights to every member, no matter how much they'd put in. For me, this is in tune with the fitba experience. On Saturday afternoon, you stand next to a complete stranger and give your opinion on what you see, and listen to theirs. It doesn't matter if she's a company director or government minister and you're only an unemployed builder or something. You stand there and agree the left-back in front of you is a liability and your own status and wealth doesn't come into it.
Also, the EFSS communications have been good, with their own website, emails to members, and re-posting those emails on this site.


The Directors had a meeting almost a week ago. Where, goodness knows what was said, (regret I was at another meeting that night). Because they haven't posted a summary, or even their version of events, as far as I can see. I've been waiting for something to appear here, or on the official site, and checking in every day expectantly. I've read every post on this site, and get the general gist, but with the greatest of respect, I can't put the same weight in anonymous comments on a website. I'm unable to comment on their bid without reading the details from the horses mouth. If they turn out successful, I'll wish them well, recommend they up their game in the communication stakes, and try to achieve some common purpose and community feeling with the fans.

For now, my hope is that EFSS win the day, and that the current directors are appointed to the board under their ownership. To me, on current evidence, that's the 'best of both worlds', to use the words of a famous supporter of some team with a queer like smell.

I think a combined takeover would be best too PS, but I have to disagree with you saying that the EFSS are keeping everybody informed. Do you, or anybody else know what they are planning to do? I don't, so for the posts on here having a go at the only bid so far to take the club over, is way out of order, when nobody knows what EFSS are going to do yet. Another thread has the Courier interview with the board posted on it, so the media were informed about the meeting which was then repeated on AFTN.
What certainly doesn't help, are the trolls posting total tripe to try and discredit the directors bid. All they are doing is telling the people with responsible heads, don't let that lot anywhere near the decision making process at Bayview.

Sad, sad, sad and bitter boys. When you all grow up and learn how much things cost even your mum and dad, then you might understand. A forlorn hope unfortunately, because you need a few brain cells as well.

Deary me,
I think i can speak on behalf of most on here in saying that you are a complete and utter muppet.

Regards
Ian

Okay, I'll leave it to yourselves Noisy, bye.

John, if it's any comfort, I've only every posted as Noisy_Crossbar - well for the last couple of seasons at least. I will change it at some point, but don't worry, I'll keep the underscore so that you'll know it is me.

Folk that want to know who I am can easily find out. I've nothing to hide but nor to I seek to have my name up in flashing lights. Like the majority of contributors to this forum, I'm just a fan with an opinion. Seems like you've managed to find out my name and if that's important to you then great.

I don't have a problem with your multiple user names. In fact it can be rather amusing to read you backing up your own points. I see that you once posted with your own name on Jun 2, 2013 11:41am - but as you said in your post, that was just a once off.

It is good that a Director comes on here to engage in the east fife debate, but let's see if we can debate things like tackling the debt,supporter involvement and the like i...nstead of what username is in vogue this week.

That Noisy_Crossbar fella certainly talks a lot of sense