Aideen my understanding is that is going to be voted on as part of the 50%+1 vote in March.

No one else worried that we’ve now upped the limit if how much someone can own to 25% with no consulting with ‘owners” Sneaky that.

Yes,thank mother nature for global warming (climate change)

OTD was first game since 15th December nearly 2 months winters were harsher in those days

TL;DR

As an aside JG, a club financial representataive at the time of Nick Robinson's investment insisted to me that a 3 vote share was worth exactly the same as a 1 vote share. Probably a necessary fiction at the time to avoid having to award the Seedrs investors even more shares. I don't know if they still cling to that theory.

It is hard to forecast the success of a rights issue by personal situation. JG would subscribe heavily, i.e. it would succeed, I'd decline, i.e. it would fail. In reality it probably depends on what the Return on Investment is, particularly when trying to raise as much as 20 million. EFL clubs don't pay dividends so the ROI is someone being willing to buy the shares at more than 10p in the future. Seems unlikely to me unless we sell out but your mileage may differ.

I keep reading that there are no alternatives to finding someone with more money than sense to bail the Club out and commit to funding ongoing losses for eternity. There are. There are currently a total of 34,217,285 shares in issue, of which 23,741,186 carry 2 additional votes for each share. As at 30/06/25 net assets stood at £18,643,788. Let’s assume that a year on, as at 30/06/26, net assets will have fallen to £16,400,000 (i.e. seems a reasonable assumption albeit less than the previous year). If we assume that value is proportional to voting rights (a relatively standard assumption) then we arrive at a Net Asset Value per share of 20p. If the Club initiated a 200,000,000 Share Rights Issue at a 50% discount i.e. 10p per share this would raise up to £20,000,000. Under these terms I’d subscribe for £2,000,000 worth i.e. an additional 20,000,000 shares. On such a basis I reiterate - I’m pretty confident that the Club would raise all or most of this £20,000,000. With £20,000,000 of capital, they could develop an additional stand – taking the stadium capacity beyond 11,000 (thereby increasing matchday revenue), and repay the maturing bond debt (thereby reducing interest costs). The Club would still be in the hands of fans (in fact more so) and we’d have the capital to reach breakeven. This should be Plan A!!!!

eight more wins a few draws should see us in the Play Offs.

On this day was my first ever match, 9th birthday treat with my Dad (birthday was 3rd)

RK, what do +5 and +3 refer to?

Hopefully we can get 4 points from the next 4 league games, which should set us up for the easier fixtures in march.

So how many points do we need to stay in Lge1? Donny are presently 20th on +3, with about 60% of season gone. Maybe +5 which is 51?

Ah yes ,im a Bad Bunny.

Spit, We have 38pts and a goal difference worth another.

A successful original plan A wouldn't lead to distrust and rumours.

Lovely a spring time GE.

Hi, is the club meeting available to watch anywhere?

A successful plan A would be great and I hope most are in favour of it but I do worry that Plan B is curently nothing more than "If Plan A fails we'll have a think."

Dazzer - 100% . I’m willing to give the boards benefit of doubt that talks over next few months, the votes and messaging will all result in a successful plan A

Glad you said that about the 1mn loan - I don’t remember anyone saying we had borrowed - just that it was available

Any money raised from a PLB3 will he used to finance the repayment of PLB1 and PLB2. It will have no impact on funding ongoing operating losses. Selling season tickets early is done by other clubs who offer large discounts. Colchester have about 5 or 6 dates, at each of which tickets get progressively more expensive. Our ticket platform would implode if we tried that. More my concern is we are trying to get cash in early now to fund this season when that cash is supposed to be for next season. You only get the the benefit of getting cash early once. You then have to keep doing it to stand still. What are we going to do next season when we are running out of cash again? Sell season tickets for 28/29 in 26/27?

To me, the refinancing of the bonds by another bond is a good idea in principle (and pretty normal commercial practice) - I am slightly sceptical, though, as to who is going to invest in a bond at this stage - given our current finances it looks much more like a potential donation and much less like a good investment than did the PLB 1 and PLB 2 offerings, but if we can find willing buyers who are made aware of the risks involved then that will be really helpful.

Cope discredited the rumour about out of contract players. Woodroof seemed really happy and has certainly not left 😀 There was talk of a £1m loan on offer but had not been taken

Who is saying things are going so well - bleak picture painted at gbe beginning of the meeting - including MB saying relying on player sales is not sustainable - followed up with what is happening to confront that - key message to me was we need to vote 50.01 in to enable 1 or more of the 8 investment interests to move forward - the other key fir me is raising the 15% threshold - if that doesn’t happen then it becomes tough tough