Poll to sell all club investments

burwin · Post by **burwin** » Wed Sep 21 2022 12:35pm

richard@imutual wrote: ↑
Thu Sep 01 2022 7:00am
I've chased him but not heard back. He may be away

I'll chase again

Deepest darkest Peru???

burwin · Post by **burwin** » Fri Oct 21 2022 4:06pm

Still no reply from him??

Post by **richard@imutual** » Fri Oct 21 2022 5:26pm

No

I'll try again over the next few days. Failing that, I'll have to write directly to II but that route could take some time

blythburgh · Post by **blythburgh** » Sat Oct 22 2022 9:46am

What the hell is happening with the chair? Have they died or just ignoring imutual and any emails go to junk mail?

pabenny · Post by **pabenny** » Mon Oct 24 2022 11:18am

blythburgh wrote: ↑
Sat Oct 22 2022 9:46am
What the hell is happening with the chair? Have they died or just ignoring imutual and any emails go to junk mail?

Remind you of anybody?

parchedpeas · Post by **parchedpeas** » Wed Oct 26 2022 11:55pm

Indeed.

The shares in PGM - once worth multiple thousands - have been allowed to collapse.
Repeated warnings and appeals to the "club" to get out have been ignored.
They are now trading at 1p per share. The entire club holding of PGM is worth £35.

It's pretty outrageous that this hasn't been brought to an end much sooner.

blythburgh · Post by **blythburgh** » Thu Oct 27 2022 11:14am

parchedpeas wrote: ↑
Wed Oct 26 2022 11:55pm
Indeed.

The shares in PGM - once worth multiple thousands - have been allowed to collapse.
Repeated warnings and appeals to the "club" to get out have been ignored.
They are now trading at 1p per share. The entire club holding of PGM is worth £35.

It's pretty outrageous that this hasn't been brought to an end much sooner.

I can only lay the blame at those who kept voting to hold on to the shares. A profit could have been taken but they kept voting to hold and now those who voted to sell are paying the price

burwin · Post by **burwin** » Mon Nov 07 2022 11:01am

richard@imutual wrote: ↑
Fri Oct 21 2022 5:26pm
No I'll try again over the next few days. Failing that, I'll have to write directly to II but that route could take some time

Think you may need to contact II and start the process.... looks like Chairman has disappeared

Post by **richard@imutual** » Tue Nov 08 2022 6:09pm

Andrew has now been in touch and confirmed to me that he has sold all the II holdings, as per our vote. Once he's transferred the proceeds back to our coop bank account I will calculate the valuations and make credits back to each person accordingly

burwin · Post by **burwin** » Sat Nov 26 2022 12:36am

Any update on time scale for the transfer ... will we get out money before Xmas?

Poll to sell all club investments

Should we sell the club's current investments and close the II trading account?

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