Dropped some stuff off at the club this morning. Asked about how the share offer was going and was told JM was buzzing before he went on holiday (he’s back Boxing Day I believe). When an accountant is ‘buzzing’ you know things are going well, as in my experience they rarely ‘buzz’. I don’t know the full number of applications for members shares, but I do know the online ones (only the numbers, not names or amounts) and they are impressive enough. Assuming the shop/club has done similar numbers then I’d say the share issue has been a massive success, JUST MY OPINION. When JM asked me my opinion about the idea I was all for it, but to be honest I feared only a modest take up. I understand why Trinity fans are jaded and wary of these kinds of offers, I suppose it shows just how much MC and JM and the rest have re-established trust with the fan base. I think we’ve done way better than I expected, so well done all. Unless JM has sold some owner shares, I have nothing to do with that, then it won’t be enough to rebuild the West terrace. However it will IMHO be enough to give us a comfortable buffer for the next few seasons as the East stand kicks in, again just my opinion. Hopefully allowing us to sign players as and when we need them this season and next, and we probably will need too. Without the fans buying into this idea we’d have struggled this season IMHO, now we are in a far better place. If you haven’t already bought them, now's the time before some of the incentives are lost. I feel I can honestly say that unlike the 'buy a brick' or 'Save Nigel Wright fund', this one really is making a difference. Mainly because the amount raised is sizeable, rather than a drop in the ocean, so if you can let’s make it bigger still. Below is the online link, just in case you’ve found a spare £500 behind the sofa. https://form.jotform.com/223193598991371

Dropped some stuff off at the club this morning. Asked about how the share offer was going and was told JM was buzzing before he went on holiday (he’s back Boxing Day I believe). When an accountant is ‘buzzing’ you know things are going well, as in my experience they rarely ‘buzz’. I don’t know the full number of applications for members shares, but I do know the online ones (only the numbers, not names or amounts) and they are impressive enough. Assuming the shop/club has done similar numbers then I’d say the share issue has been a massive success, JUST MY OPINION. When JM asked me my opinion about the idea I was all for it, but to be honest I feared only a modest take up. I understand why Trinity fans are jaded and wary of these kinds of offers, I suppose it shows just how much MC and JM and the rest have re-established trust with the fan base. I think we’ve done way better than I expected, so well done all. Unless JM has sold some owner shares, I have nothing to do with that, then it won’t be enough to rebuild the West terrace. However it will IMHO be enough to give us a comfortable buffer for the next few seasons as the East stand kicks in, again just my opinion. Hopefully allowing us to sign players as and when we need them this season and next, and we probably will need too. Without the fans buying into this idea we’d have struggled this season IMHO, now we are in a far better place. If you haven’t already bought them, now's the time before some of the incentives are lost. I feel I can honestly say that unlike the 'buy a brick' or 'Save Nigel Wright fund', this one really is making a difference. Mainly because the amount raised is sizeable, rather than a drop in the ocean, so if you can let’s make it bigger still. Below is the online link, just in case you’ve found a spare £500 behind the sofa. https://form.jotform.com/223193598991371

I filled in the application and received acknowledgement from Jotform, but heard nothing else. Should I be doing anything else or just waiting ? That was a least a couple of weeks ago.

Did the acknowledgement tell you how to pay? If so then you need to pay to the bank account given by bank transfer or if you prefer you can pay by cheque. Then you will receive your share certificate in the new year.

Worth remembering that the incentive offer stays open until Jan the 1st I think, so you need to pay before then to get all the perks.

If paying by Cheque, I'd recommend you drop it in at the shop or the ground, where you may be given a receipt/acknowledgement rather than post.

THIS IS WHAT YOU SHOULD HAVE RECEIVED, HOPEFULLY, but you can follow this.

[iGood morning all

As promised, I am now sending details of how to pay for the shares you have subscribed for.

I am aware that two shareholders have already paid on Friday/Saturday and hopefully you know who you are – we do!

For all others, please pay using our preferred method of payment is bank transfer to:

Sort code xx-xx-xx

Account xxxxxxx

Spirit of 1873 Limited

Please put you name as the reference so we can track who has paid.

If you cannot pay by transfer, we can accept cheque at either the Club offices at the stadium or in the shop in The Ridings

Many thanks for your support – please drop a line with any questions.

John Minards[/i

It's probably OK to put on the bank details but just in case PM me and I'll send you them in full if you need them.

Thanks

Just received an updated email from JM,

Welcome to Member Shareholders

Firstly, many thanks to each of you who have subscribed to out Member Shareholder issue. We are very grateful for your financial support in what are very challenging times for everyone. Your support will make a tangible difference for the club in 2023 and beyond.

We can confirm that your monies have been safely received, whether via bank transfer, cheque or card.

There will ongoing communications for you, from this email address, as we go into 2023 but here are a few immediate messages:

Share certificates will be produced early in January and posted to your home address provided, unless you would like to pick up from the stadium or at the shop. Please let us know if this is the case

The steel girder signing event day has not yet been confirmed with Morgan Sindall but is likely to be a week day morning in early February. We understand that not all members will be able to attend but unfortunately there will be no flexibility in the date which has to fit in to the overall build schedule

We will be setting up the first General Meeting for all Shareholders around the start of the new season and the Board look forward to giving you some insights into our plans and challenges on and off the field in the next 18 months or so

As far as your subscription monies are concerned, although they will be joining our general funds, as Michael said in his recent interview, there are a number of specific areas where we can put them to really good use as we complete this phase of the stadium redevelopment. We will of course keep you up to date as this happens.


Please bear with us as we get things going - this is a new venture for all of us

Up the Trin

John

Received same email from John

I assume this is still open for others to keep buying in to it?

My understanding is that it is. Signing up for it before end of year gave you extra benefits.

Received my email from John as well.

Correct

Can I just say it's gone brilliantly, well done Trinity fans.

The first batch of certificates will be going out shortly.

I think when you look at the unit share figures on the certificate you will be astounded. It's not for me to say what that is at the moment, but clearly once people receive their shares it can become open knowledge.

https://wakefieldtrinity.com/member-sha ... ifference/

https://wakefieldtrinity.com/member-sha ... ifference/

I received my share certificate yesterday and each share is valued at £0.01 which I’m not concerned about as I’m
not seeing this as a financial investment which I expect a return on. However the share certificate numbers I have are up to 307,500. Can I conclude that we have sold 307,500+ shares or do we think that it might include shares already purchased by the current board etc?

Sorry AMI but that is exactly how it was explained, unless I'm not understanding your point? It was made very clear that there would never be a financial return on these shares, if that's what you mean as I'm not totally getting your point.

Trinity are a limited company, the sort of shares you seem to think you have would, as far as I'm aware, need to see the company floated on the stock exchange as a PLC or you'd have to spend way way more and buy a seat on the BOD. These are members shares to be invested in the club but ones that come with benefits, they are not shares you would actively trade. You can sell them if you want and you can find a buyer, but that's not what they are designed for, but again I may be misunderstanding you.

See image, this is directly from the application form, if that helps.

As for the numbering, that's probably irrelevant, that could include previous shares, or new directors shares or who knows what, 300,000 could have just been a random staring point. What you have is 500 or 1000 £1 shares in the capital of the Company (that's the asset value of the club in total, including debt), with a nominal commercial value at present of £0.01p.

Hope that helps

To be fair i thought AMI was asking if we had sold 307500 shares in the club. I suspect, as he has, that number includes the likes of JM and MC et el.

You might be right, it was just this line that concerned me a little.

'I received my share certificate yesterday and each share is valued at £0.01 which I’m not concerned about as I’m
not seeing this as a financial'...

As there is no cash investment return element to the shareholder in these shares only to the club I just felt it needed to be made clear.

As for the numbering. If we have sold £300,000 of shares that would be great, when I first saw that figure I made that conclusion but I'm not sure now. The crucial number is the share number, that gives a better idea - if you average it out its probably £750 per certificate - problem is nobody know who has the latest one, could go up to 50 or 500! I assume that will be made public knowledge at the first AGM.

So not having a go, just trying to make things clear, though I probably haven't

That doesn't make anything clear "Hub" (please stick to that) to me.

Selling 600 lots of £500 is massive if that's what we've done.....but you keep saying 'if', which doesn't make it clear.
And the certificate number of 307,500 at a penny a share doesn't match up.

Better to wait for the official answer, whether through you from the club or direct from the club rather than speculating.

Err no PT, I'm entitled to reply as myself and as a member shareholder - if I replied as the HUB that would suggest I knew something and I don't, THAT WOULD BE DISHONEST, I'm not claiming to know, I'm explaining it as I understand it, so pack in trying to score cheap oints by undermining everything I try to say, I just don't know why you feel the need at times. You are way out of line on this.

So AGAIN as far as I understand it, the 0.01p is a nominal amount that by law you have to value any share at, by there very nature you can't give a share a fixed value as it fluctuates in value depending on the state of the company, that's how it works, I'm not stating anything radical. Trinity can't say that share is worth a pound because they don't know if it is but if they stated it was they would be liable. The £500 or £1000 you paid for those shares is what you paid, it's what they cost you, it's not what they are now worth - that's the point, these shares are highly unlikely to ever be worth what you paid let alone in profit.

It's very simple, something is only worth what someone else will pay and that applies to shares as much as cars or houses. Thats why in the late 90's you could pick up Asda shares for £4 when a year earlier they were £40, yet I suspect when they were first issued they to had a nominal value that was tiny.

Finally if you are thinking they might increase in value if there was a take over, then no, the percentage of the shares owned by the fans is to small and wouldn't tip the balance. If we were taken over the buyer would buy out the BOD's, however that is highly unlikely, not just at Trinity or any other club. Most likely a new owner would simply buy the debt - nobody is coming out of this one alive (don't take that literally like you normally do, I only mean financially).



Hope that help!

I know AMI and I know he is definitely not looking for a return on his investment… I think like me he’s interested in the amount that the club has managed to raise..
I’m sure it is a question for the board members at the shareholders meeting , when we’re having our tea and biscuits.

It was your idea to used the HUB not mine. Don't start your ranting, it was actually a genuine question to seek clarity.

You implied the number on the share certificate equates to the number of shares. That didn't seem to match up to what has been sold.
I'm happy for you to explain it but your last explanation wasn't clear to me. So I asked a question.

This is all really unnecessary. If you put yourself forward as having knowledge, I thought you'd take questions. If not don't answer that's fine. But criticising someone for asking questions doesn't seem like a good way forward to me.

That’s exactly what I was asking but I got a lecture instead. Also I read Vastmans initial response which was much less polite than the one on there now. I just wasn’t able to reply at the time. He obviously had a word with himself and toned it down slightly and edited it.

There’s a shareholder meeting on Thursday 9th 6pm.
Did I read somewhere that it would be online for those who couldn’t attend? Or have I dreamt it?
Does anyone know?

I can't attend and was hoping to be able to access it later as I've a prior commitment

I'm going so will find out if it will be available to view later.
I think they were talking about letting people join online but if they haven't sent details with invite they probably found that a bit too much to arrange.
It's not so much the technology which is easy enough, but taking questions from zoom or teams would be difficult to manage in the room.

Happy to take some (sensible) questions forward if there are things you want to know.

I was more interested in what the strategy was moving forward with the money people have invested, and how it will be spent. I’m quite sure this will be covered . I may still try to attend pop tart but a question that could be asked would be ….. do the club have any plans/ideas for trying to attract kids/juniors to games?
I’m sure there will be plenty of questions being asked on the night so don’t expect mine to be a priority.

Email from JM All Michael and I are looking forward to seeing many of you at our first Member Shareholders’ meeting tomorrow evening between 6 and 8pm in the Legends Bar at Belle Vue. Around 20 of you have indicated you will be attending in person – others are very welcome if you can make it. For those unable to make the meeting in person, I have attached below a link to a Teams meeting. https://teams.live.com/meet/ This will become live at 6pm tomorrow and you will be admitted to the meeting. Hopefully you will be able to hear what is going on in the meeting remotely although I think it will be very difficult for you to actively participate. We are however happy to address any specific questions you may like to send over – please just reply to this email. In the two hours we have set aside, I will firstly give an update on the club’s strategy with a particular focus on the stadium redevelopment. Michael and Mark Applegarth will then lead a discussion on on-field matters We will not be recording the meeting. We feel this will help everyone speak more freely and preserve the confidentiality of such a shareholders’ gathering. See you tomorrow

Email from JM All Michael and I are looking forward to seeing many of you at our first Member Shareholders’ meeting tomorrow evening between 6 and 8pm in the Legends Bar at Belle Vue. Around 20 of you have indicated you will be attending in person – others are very welcome if you can make it. For those unable to make the meeting in person, I have attached below a link to a Teams meeting. https://teams.live.com/meet/ This will become live at 6pm tomorrow and you will be admitted to the meeting. Hopefully you will be able to hear what is going on in the meeting remotely although I think it will be very difficult for you to actively participate. We are however happy to address any specific questions you may like to send over – please just reply to this email. In the two hours we have set aside, I will firstly give an update on the club’s strategy with a particular focus on the stadium redevelopment. Michael and Mark Applegarth will then lead a discussion on on-field matters We will not be recording the meeting. We feel this will help everyone speak more freely and preserve the confidentiality of such a shareholders’ gathering. See you tomorrow

Isn't that email just for shareholders and therefore the same for the teams link?

Based on this bit: "We will not be recording the meeting. We feel this will help everyone speak more freely and preserve the confidentiality of such a shareholders’ gathering"