-
BeautifulSunshine
- Posts: 26721
- Joined: Tue Sep 14 2010 8:23pm
- Location: [The Finest City in the World: London]
- Has thanked: 192 times
- Been thanked: 3686 times
-
Contact:
Post
by BeautifulSunshine » Wed Jun 15 2022 1:33pm
Beachboy wrote: ↑Thu Jun 09 2022 7:08pm
Through a stroke of luck the apathy seems to have benefited us slightly as our shares have improved a little bit recently (albeit a small amount compared to previous reductions).
A plan to wrap up the club does still seem the sensible option.
Just a bit of fun with pocket change.
In my humble opinion, would be beneficial to imutual as a company, if the imutual Cashback Investment Club continued, be it slow and steady.
[imutual Cashback Investment Club]
-
Beachboy
- Posts: 1267
- Joined: Tue Jun 29 2010 9:53pm
- Has thanked: 1455 times
- Been thanked: 1612 times
-
Contact:
Post
by Beachboy » Thu Jun 16 2022 10:35am
AAAlphaThunder wrote: ↑Wed Jun 15 2022 1:33pm
Beachboy wrote: ↑Thu Jun 09 2022 7:08pm
Through a stroke of luck the apathy seems to have benefited us slightly as our shares have improved a little bit recently (albeit a small amount compared to previous reductions).
A plan to wrap up the club does still seem the sensible option.
Just a bit of fun with pocket change.
In my humble opinion, would be beneficial to imutual as a company, if the imutual Cashback Investment Club continued, be it slow and steady.
Ideally I would like to see the the CIC keep going, but in the last year we have had virtually no engagement from the members plus what you mention 'slow and steady' completely contradicts the agreed strategy we have for the club. We have found our position to be completely passive, not even really 'slow and steady'.
If there was at least some proper discussion of a way forward or proposals for a new strategy if required etc then I might be more encouraged but it appears everyone has lost interest (which is possibly understandable due to the current lack of general activity on the site). However there has been nothing. If other members do not post anything constructive in the next few weeks I will be looking to withdraw from the club regardless and let those that want to carry on do so (genuinely wishing them the very of luck).
-
Richard Frost
- Posts: 13256
- Joined: Tue Jun 29 2010 8:14pm
- Location: The Isle of Dreams
- Has thanked: 2876 times
- Been thanked: 6870 times
Post
by Richard Frost » Thu Jun 16 2022 11:58am
As an outsider, although an ex member, I feel that what I am about to say may be difficult and not sure whether I really have a right to put in my tuppenceworth. It pains me greatly to see this matter go on and on in the same way that it pains me to see imutual committing a slow form of suicide.
In the absence of any Meaningful input and especially the absence of any input from the Chairman. ( I accept that there could be a major problem of some description there and am surprised that there appears to be no other communication method except via here, or if there is it has not been attempted)
I would suggest that in the first instance a poll is created by the Secretary or Treasurer as responsible officers. With the suggestion that the club is wound up and that this is communicated to all members via email as well as within these forums. I would have thought a simple yes or no would suffice but with the proviso that it needs a 50% response from members. If a 50% response is not achieved then the club would be wound up anyway and all money refunded to member accounts.
I accept that this may go against any constitution and that that should be followed in the first case.
-
BeautifulSunshine
- Posts: 26721
- Joined: Tue Sep 14 2010 8:23pm
- Location: [The Finest City in the World: London]
- Has thanked: 192 times
- Been thanked: 3686 times
-
Contact:
Post
by BeautifulSunshine » Thu Jun 16 2022 1:11pm
Richard Frost wrote: ↑Thu Jun 16 2022 11:58am
As an outsider, although an ex member, I feel that what I am about to say may be difficult and not sure whether I really have a right to put in my tuppenceworth. It pains me greatly to see this matter go on and on in the same way that it pains me to see imutual committing a slow form of suicide.
In the absence of any Meaningful input and especially the absence of any input from the Chairman. ( I accept that there could be a major problem of some description there and am surprised that there appears to be no other communication method except via here, or if there is it has not been attempted)
I would suggest that in the first instance a poll is created by the Secretary or Treasurer as responsible officers. With the suggestion that the club is wound up and that this is communicated to all members via email as well as within these forums. I would have thought a simple yes or no would suffice but with the proviso that it needs a 50% response from members. If a 50% response is not achieved then the club would be wound up anyway and all money refunded to member accounts.
I accept that this may go against any constitution and that that should be followed in the first case.
Or Richard could step out of the shadows and take charge of the imutual Cashback Investment Club as Chairman.
[imutual Cashback Investment Club]
-
Richard Frost
- Posts: 13256
- Joined: Tue Jun 29 2010 8:14pm
- Location: The Isle of Dreams
- Has thanked: 2876 times
- Been thanked: 6870 times
Post
by Richard Frost » Thu Jun 16 2022 1:17pm
AAAlphaThunder wrote: ↑Thu Jun 16 2022 1:11pm
Or Richard could step out of the shadows and take charge of the imutual Cashback Investment Club as Chairman.
He retired as treasurer, has not been elected as Chairman and if I remember correctly (more difficult as I get older) he withdrew from his membership.
-
BeautifulSunshine
- Posts: 26721
- Joined: Tue Sep 14 2010 8:23pm
- Location: [The Finest City in the World: London]
- Has thanked: 192 times
- Been thanked: 3686 times
-
Contact:
Post
by BeautifulSunshine » Fri Jun 17 2022 3:48pm
Richard Frost wrote: ↑Thu Jun 16 2022 1:17pm
AAAlphaThunder wrote: ↑Thu Jun 16 2022 1:11pm
Or Richard could step out of the shadows and take charge of the imutual Cashback Investment Club as Chairman.
He retired as treasurer, has not been elected as Chairman and if I remember correctly (more difficult as I get older) he withdrew from his membership.
Correct.
Correct.
Incorrect.
[imutual Cashback Investment Club]
-
Beachboy
- Posts: 1267
- Joined: Tue Jun 29 2010 9:53pm
- Has thanked: 1455 times
- Been thanked: 1612 times
-
Contact:
Post
by Beachboy » Fri Jun 17 2022 4:53pm
In terms of the Treasurer technically I have taken over by in practice have not really been able to so so due to various issues that Richard, Andrew and I have been trying to resolve. For example despite our best efforts I have not been able to obtain access to any of the bank accounts (due to bank procedures which have not been helped by covid restrictions plus also that fact that attending in person together is not practical due to the large geographical distance). In addition some of the Imutual back office systems, which Richard was teaching me needed tweaking because he had higher level user access. Andrew and I were discussing utilising another, hopefully simpler system, but he unfortunately seems to have gone unusually very quiet. I genuinely hope he all is ok.
Obviously as stated, due to the reasons mentioned, I am inclined to agree with Richard's suggestion that we wrap up the club - unless of course there is sign of meaningful engagement. Failing that I am happy to leave and let those that want to carry on do so.
-
pieman
- Posts: 456
- Joined: Tue Jul 06 2010 10:02pm
- Has thanked: 132 times
- Been thanked: 502 times
-
Contact:
Post
by pieman » Sat Jun 18 2022 11:17pm
Personally I would be sad to see it go, as it has been very engaging looking at the various share suggestions, and seeing people far more knowledgeable discuss the differing merits of each option.
I think also it is one additional thing that Imutual has that nobody else does, which in better times may attract more people to the site.
(Just a thought, perhaps because we are not currently in 'better times', perhaps now is the time to buy shares??)
However, I know that it is costing a certain amount of money per month to keep it open - combined with the lack of engagement, and the difficulty in 'earning' money to put in it (are there any working 'dailies' left on this site now?) - so perhaps it is worth looking at ways it can either be 'suspended' for a few months to try and stop paying fees, or even closure.
As I only have a relatively small amount invested, (about one month's fuel bill!!) closing it or keeping it open will not greatly affect me either way - but I would prefer to keep it open if possible (and financially viable.)
-
richard@imutual
- Posts: 6184
- Joined: Wed Jun 23 2010 10:19am
- Sharing: 2stars.png
- Has thanked: 1881 times
- Been thanked: 4107 times
-
Contact:
Post
by richard@imutual » Sun Jun 19 2022 12:56pm
I'd certainly suggest keeping the bank account open, as that costs nothing and was the biggest hassle to setup initially
Users browsing this forum: No registered users and 18 guests