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 Post subject: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 8:35 am 
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Coxall finally removed as a director so no more money from the club . Next task to transfer his shareholding. Pam appointed in his place. Also remnants of charges given to Access Finance removed.

Pam said at the fans forum that the due diligence on fan shareholding will follow publication of audited accounts for year to 30 June. Can Pam promise to publish early i.e. Not wait until March next year. Need to know how much we lost last year, how much Coxall trousered and how we got into so much debt with Sage


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:22 am 
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Does this mean his demands for £600K is redundant? Will Pam hand his shares over to a viable owner/consortium for free?

Let's hope so.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:27 am 
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Doesn't work like that. Shareholdings are separate from directorships and employment. He may even have had a pay off to terminate his directorship


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:28 am 
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Great news for Pools fans if Coxhall has gone - how do we know for certain he is no longer involved/Pools director?


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:30 am 
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I imagine Pam will announce it shortly....

Nice to see the JPNG logos gone from Official site.

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:31 am 
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Good day this!


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:39 am 
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On the Companies House website


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:39 am 
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Eventhorse wrote:
Doesn't work like that. Shareholdings are separate from directorships and employment. He may even have had a pay off to terminate his directorship


I'll be honest, I have no clues, thats why I asked the question.

So will Pam tell us if she had to pay him off and by how much?


Will the new owners have to stump up cash to get shot of him?

I'm just curious to know the answers (it may have an effect on season ticket sales ultimately).

One step closer to getting shot - but maybe not all plain sailing.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:47 am 
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I cant imagine Pam will disclose figures but hopefully it will have been nowhere near the £600k he wanted. Is that Cascade pictures company gone aswell then?

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 9:53 am 
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Gary has gone as a director so we now only have one director, Pam. Also the companies house register that charges were fully paid off on 31 May.

https://beta.companieshouse.gov.uk/comp ... ng-history

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 10:00 am 
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Looks like the charge to Sage is still active.

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 10:02 am 
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Not bothered as long as it's not Access. SAge have a business record, a credit rating, and a trading history plus money in the bank.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 10:10 am 
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Good news indeed.

Now we just need to see the Business strategy tht Sage must have, and lets see if its viable, and long term.

That is surely required before any sane person would buy a season ticket, unless you dont mind the risk of your cash just disappearing.

Over to you Pam.

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 10:13 am 
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Splod wrote:
Gary has gone as a director so we now only have one director, Pam. Also the companies house register that charges were fully paid off on 31 May.

https://beta.companieshouse.gov.uk/comp ... ng-history


How come the link says:


"1 active person with significant control / 0 active statements

Jpng Limited ACTIVE"


sctatchinghead

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 10:29 am 
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tREE_wiTH_hAMStER wrote:
Splod wrote:
Gary has gone as a director so we now only have one director, Pam. Also the companies house register that charges were fully paid off on 31 May.

https://beta.companieshouse.gov.uk/comp ... ng-history


How come the link says:


"1 active person with significant control / 0 active statements

Jpng Limited ACTIVE"


sctatchinghead

Because whilst coxall appears to no longer be a director, JPNG still appear to own the club. However it's quite possible/likely that the loan from sage, whilst being secured against the leasehold and the f&f, is also secured against Gary's shares, which would mean that indirectly Pam controls the club.

Either way this is a step forward but Coxall still owns a big chunk of the club edit and hence does still control the club (as directors have a legal responsibility to do what's in the best interest of shareholders (Coxall).


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 11:33 am 
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While Coxall (50%) and Fisher (25%) own JPNG they control the director. It's a smokescreen.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 11:34 am 
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Yup, it all appears to be still very dodgy to me.

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 11:55 am 
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When Pam alluded to Coxall not being involved at all, did she mean this?

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 12:06 pm 
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She said when and not until everything is done it will be announced on the Official Site.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 12:10 pm 
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What does this mean for Punjabi records?


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 12:13 pm 
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I've done my research and I believe Punjabi Records do hair cuts.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 12:28 pm 
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I'm always cautious about owners and financial people but this looks like another step in the direction Pam promised. It would be difficult to get resignation as a director and transfer of shares to coincide exactly but surely if you expected to keep a share holding that size you'd stay on as a director.

Obviously still things to happen but this looks like very good news to me. Sage might not be the perfect people to be in hock to but they certainly don't appear to be outright thieves.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 12:54 pm 
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Fair play to Pam in a very short space of time she has made many changes, in the main all positive and not forgetting the backdrop to which she has been working.

I still have no idea how the real background now stands but my gut instinct tells me she is making positive inroads in a lot of areas most people have concerns about.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 1:02 pm 
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With changes in Directors, you are obliged to inform Companies House within 14 days.

As for transfers in shares/shareholdings, this is usually only made apparent when the Confirmation Statement (formerly known as the Annual Return) are filed on an annual basis. In this case it will be a few months before it has to be shown at Companies House. You can, however, file this earlier than normal - particularly when the shareholding is relevant to financially invested parties (i.e. banks/lenders).

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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 1:14 pm 
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I watched the video feed of the Trust meeting, and I thought Pam came across quite well - yes she was nervous and a touch unpolished, but if nothing else she was there and prepared to try and answer some of the questions. I got the impression she knows she has a lot to prove to the fans to get them on board, and that she is cautiously trying to do that - the fact that she (and Sage) have the sort of track record that JPNG lacked has to be a good thing.

Sage will I'm sure be looking for some sort of return on their investment - they aren't a charity. I suspect that if someone comes in with an offer that will see them in the black, they might well take it. At the same time, I feel a lot happier having someone with some business competence in charge. I'd like to know a little more about their long-term planning - are they looking to run Pools at a profit, are they here until they can find a buyer, how long would they be prepared to give the Trust to put together a bid, that sort of thing, at the same time some of that may count as commercially sensitive and won't be necessarily forthcoming.

I wouldn't say I'm a wholehearted supporter of Pam Duxbury - there's too much in the air at the moment for that - but at the same time I'm prepared to give her a bit of time to see what emerges.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 2:34 pm 
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UnreliableSalopian wrote:

I wouldn't say I'm a wholehearted supporter of Pam Duxbury - there's too much in the air at the moment for that - but at the same time I'm prepared to give her a bit of time to see what emerges.


Judging by your username, you have connections with Shropshire.
What has been the reaction to the overwhelming dominance of TNS in the LOW?
How do the locals feel about losing their manager?
What do people think about a team based in Oswestry, England playing in the LOW?
Just wondered, like.


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 Post subject: Re: Duxbury/Coxall
PostPosted: Fri Jun 02, 2017 10:52 pm 
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Put it this way, there's a piece in my local paper with a picture of Harrison at Pools which is essentially an excuse for the author to reminisce about Shrewsbury getting promoted out of the Conference.... I'm in Whitchurch rather than Oswestry. One thing is that the border here is.... fluid? There's a hamlet where they are in Cheshire, Wrexham Council do the bins, but for Broadband they've got to get Shropshire to fund it! Oswestry is in England but close enough to the border that its a bit like Berwick being in the Scottish League. Also they were originally from Llansantffraid a small Welsh village on the border, became Total Network Solutions, and merged with Oswestry really to get their ground. Used to be lots of English teams in the Welsh Cup, even the Welsh Amateur Cup, my local side (Whitchurch Alport) won that 45 years ago according to the paper.

The New Saints do get covered in Shropshire, but other than in Oswestry they're third in line after Shrewsbury and AFC Telford, most people round here aren't really that into sport full stop! Whitchurch made playoffs in NW Counties Div 1, were well pleased to have attendances of around 350; the rugby team got relegated this season, the Cricket team are only doing well because they got relegated from the Birmingham League last year, and so far the County team have only one victory against Minor Counties Wales!


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 Post subject: Re: Duxbury/Coxall
PostPosted: Sat Jun 03, 2017 9:48 am 
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Basically they're all just .......https://youtu.be/cXvjNBJMPU8

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