Heh. I work in the digital tech, and I'm also under 45, but still, don't let that stop you from being patronising and presumptuous. Like I said - I wouldn't touch it with a barge pole. I'm certainly not going to exchange a stable form of currency for an unstable one, so that I can buy into highly leveraged club assets, unless it has a fixed peg to the GBP, and if it did, why even bother.Steddyman wrote: ↑Fri Dec 24, 2021 5:37 pmVery forward thinking of ALK and I am very supportive having been a long term investor in crypto assets.
I guess this is the problem they will face though. A lot of older supporters will be ignorant to the financial benefits and closer engagement these securities can bring to the club and the fans. They have probably just heard crypto and fraud mentioned in the same sentence and assumed they are all the same.
ALK Capital or Farnell/Elkashashy takeover
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Something different, what do you think
These 5 users liked this post: Peter Loo Newcastleclaret93 ClaretTony elwaclaret depechedingle
Re: Something different, what do you think
I approve of that postBilly Balfour wrote: ↑Wed Dec 29, 2021 8:38 amHeh. I work in the digital tech, and I'm also under 45, but still, don't let that stop you from being patronising and presumptuous. Like I said - I wouldn't touch it with a barge pole. I'm certainly not going to exchange a stable form of currency for an unstable one, so that I can buy into highly leveraged club assets, unless it has a fixed peg to the GBP, and if it did, why even bother.
This user liked this post: Billy Balfour
-
- Posts: 3549
- Joined: Thu Jan 21, 2016 6:03 pm
- Been Liked: 654 times
- Has Liked: 2894 times
Re: Something different, what do you think
In the same way buying shares in the club did?
This user liked this post: Billy Balfour
-
- Posts: 5869
- Joined: Tue Jan 12, 2016 10:40 pm
- Been Liked: 1766 times
- Has Liked: 357 times
- Location: The Banana Stand
Re: ALK Capital or Farnell/Elkashashy takeover
“These assets can allow the fans to feel much closer to the club and players.”
Can you explain what that means…
Can you explain what that means…
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: ALK Capital or Farnell/Elkashashy takeover
Sounds like corporate marketing jargon, doesn't it.
This user liked this post: claptrappers_union
-
- Posts: 11114
- Joined: Thu Jan 21, 2016 12:29 pm
- Been Liked: 1571 times
- Has Liked: 360 times
Re: ALK Capital or Farnell/Elkashashy takeover
Probably be something like a limited edition NFT of a player or something like that.claptrappers_union wrote: ↑Wed Dec 29, 2021 1:01 pm“These assets can allow the fans to feel much closer to the club and players.”
Can you explain what that means…
-
- Posts: 1849
- Joined: Sun Sep 24, 2017 11:30 am
- Been Liked: 300 times
- Has Liked: 28 times
Re: ALK Capital or Farnell/Elkashashy takeover
Imagine: ALK have the plan to become the “favourite underdogs” by tapping in to the crypto world where millions of people pump small amounts of cash into a “stock” as a meme. We then have more money than Newcastle. They all find it really quite funny when we win the premier league.
Simple. Alan knows what he’s doing.
Simple. Alan knows what he’s doing.
-
- Posts: 11114
- Joined: Thu Jan 21, 2016 12:29 pm
- Been Liked: 1571 times
- Has Liked: 360 times
Re: ALK Capital or Farnell/Elkashashy takeover
Exciting times isn’t itIloveyoubrady wrote: ↑Wed Dec 29, 2021 1:34 pmImagine: ALK have the plan to become the “favourite underdogs” by tapping in to the crypto world where millions of people pump small amounts of cash into a “stock” as a meme. We then have more money than Newcastle. They all find it really quite funny when we win the premier league.
Simple. Alan knows what he’s doing.
-
- Posts: 5869
- Joined: Tue Jan 12, 2016 10:40 pm
- Been Liked: 1766 times
- Has Liked: 357 times
- Location: The Banana Stand
Re: ALK Capital or Farnell/Elkashashy takeover
It’s all very vague. How can you expect ordinarily people to buy into a vision when we are alienated by jargon?
-
- Posts: 8987
- Joined: Thu Jan 21, 2016 9:57 am
- Been Liked: 2009 times
- Has Liked: 2904 times
Re: ALK Capital or Farnell/Elkashashy takeover
If anything I would say crypto currency is likely to be in for a rough time if only due to the amount of energy it takes to run the generators.
I looked into Crypto when it first arrived and again last year, despite contacting only Hargreaves’s Landsdown I have been bombarded with ‘crypto agencies’ ringing my mobile to the point I very rarely bother answering my phone unless I recognise the number… do I want Burnley speculating init… absolutely not.
I looked into Crypto when it first arrived and again last year, despite contacting only Hargreaves’s Landsdown I have been bombarded with ‘crypto agencies’ ringing my mobile to the point I very rarely bother answering my phone unless I recognise the number… do I want Burnley speculating init… absolutely not.
Re: ALK Capital or Farnell/Elkashashy takeover
Of course he does , he played a blinder at Lehman BrothersIloveyoubrady wrote: ↑Wed Dec 29, 2021 1:34 pmImagine: ALK have the plan to become the “favourite underdogs” by tapping in to the crypto world where millions of people pump small amounts of cash into a “stock” as a meme. We then have more money than Newcastle. They all find it really quite funny when we win the premier league.
Simple. Alan knows what he’s doing.
-
- Posts: 4064
- Joined: Sun Mar 20, 2016 9:40 pm
- Been Liked: 1507 times
- Has Liked: 580 times
Re: ALK Capital or Farnell/Elkashashy takeover
I didn’t realise Alan Pace was solely responsible for the downfall of Lehman Brothers.
Re: ALK Capital or Farnell/Elkashashy takeover
Who said he was solely responsible?Swizzlestick wrote: ↑Wed Dec 29, 2021 4:07 pmI didn’t realise Alan Pace was solely responsible for the downfall of Lehman Brothers.
-
- Posts: 469
- Joined: Tue May 03, 2016 8:15 am
- Been Liked: 144 times
- Has Liked: 93 times
-
- Posts: 11114
- Joined: Thu Jan 21, 2016 12:29 pm
- Been Liked: 1571 times
- Has Liked: 360 times
Re: ALK Capital or Farnell/Elkashashy takeover
It works two ways, numerous people on this thread have said he will be great owner because of his experience at Lehman Brothers.StuffyClaret wrote: ↑Wed Dec 29, 2021 4:53 pmSo...in what aspect was he responsible for their downfall? (I assume that is what is being implied by the previous comment .....apologies if I am mistaken)
In reality it means nothing
-
- Posts: 469
- Joined: Tue May 03, 2016 8:15 am
- Been Liked: 144 times
- Has Liked: 93 times
Re: ALK Capital or Farnell/Elkashashy takeover
Hmmm....not sure it does
One is a general statement about the fact that he has had a (relatively) senior role within a major financial corporation; and another that implies that he contributed to their demise
-
- Posts: 4064
- Joined: Sun Mar 20, 2016 9:40 pm
- Been Liked: 1507 times
- Has Liked: 580 times
Re: ALK Capital or Farnell/Elkashashy takeover
Besides, didn’t he leave before all the subprime mess and accounting irregularities really kicked off? He went on to have a very senior role at Citibank so evidently was doing something right.
-
- Posts: 9905
- Joined: Fri Jan 22, 2016 2:28 pm
- Been Liked: 2350 times
- Has Liked: 3178 times
Re: ALK Capital or Farnell/Elkashashy takeover
Newcastleclaret93 wrote: ↑Wed Dec 29, 2021 5:00 pmIt works two ways, numerous people on this thread have said he will be great owner because of his experience at Lehman Brothers.
In reality it means nothing
StuffyClaret wrote: ↑Wed Dec 29, 2021 5:05 pmHmmm....not sure it does
One is a general statement about the fact that he has had a (relatively) senior role within a major financial corporation; and another that implies that he contributed to their demise
According to Alan Pace's LinkedIn profile he left Lehman Brothers in 2006. The first of the major investment banks to hit trouble with sub-prime mortgages was Bear Stearns in March 2008. Lehman Brothers went bust on 14th September 2008.Swizzlestick wrote: ↑Wed Dec 29, 2021 5:43 pmBesides, didn’t he leave before all the subprime mess and accounting irregularities really kicked off? He went on to have a very senior role at Citibank so evidently was doing something right.
Again, according to Alan Pace's LinkedIn record he was President of Real Salt Lake from Sept-2006 until April-2008.
It's Alan Pace's experience with Citigroup that demonstrates his financial markets experience. From Sept-2017 to Oct-2019 he was Global Head of Prime Futures Services Sales.
And, just a reminder, guys. The involvement with INX is suggesting a digital security and not a cryptocurrency. See my post above that explains the difference between these two very different things.
This user liked this post: Stockbrokerbelt
Re: ALK Capital or Farnell/Elkashashy takeover
Poor sod hasn't kicked a ball and he's already a scapegoat.
-
- Posts: 3315
- Joined: Fri Jan 22, 2016 8:15 pm
- Been Liked: 699 times
- Has Liked: 174 times
Re: ALK Capital or Farnell/Elkashashy takeover
I always assumed that these crypto currencies were run by teenage nerds from their bedroom.elwaclaret wrote: ↑Wed Dec 29, 2021 3:05 pmIf anything I would say crypto currency is likely to be in for a rough time if only due to the amount of energy it takes to run the generators.
Re: ALK Capital or Farnell/Elkashashy takeover
Looks like they've been naughty boys. The Confirmation Statements for Kettering Capital and Caldervale Holdings are a couple of months overdue so Companies House (I assume) have filed a notice for compulsory strike-off.
-
- Posts: 3233
- Joined: Thu Jan 21, 2016 9:36 am
- Been Liked: 1768 times
- Has Liked: 41 times
Re: ALK Capital or Farnell/Elkashashy takeover
Nothing, they’ll just file it and crack on.
Re: ALK Capital or Farnell/Elkashashy takeover
Yes, it's incredibly unlikely that anything will come out of this. It's Companies House saying you've ignored our polite reminders, here's a serious one.
My best guess (and it is only a guess) is that they are probably taking legal advice about how much they have to disclose re: ownership which is holding things up. It will get filed eventually.
My best guess (and it is only a guess) is that they are probably taking legal advice about how much they have to disclose re: ownership which is holding things up. It will get filed eventually.
-
- Posts: 8022
- Joined: Thu Jan 21, 2016 7:08 am
- Been Liked: 2819 times
- Has Liked: 503 times
- Location: Earth
Re: ALK Capital or Farnell/Elkashashy takeover
What happens when a company is struck off?
Before striking a company off the register, the Companies House registrar must send two formal letters to the company’s registered address to inquire whether it is still operating.
If the registrar receives no response to the letters, they will then publish a notice in the Gazette stating that they intend to strike off the company unless they are given reason not to.
This is known as the ‘first Gazette notice for compulsory strike off’. A copy of this notice will be placed on the company’s public record.
Following the first Gazette notice, the Companies House registrar will strike the company off the register unless they are given a reason not to within two months.
This means that if anyone objects to the company being struck off - for example, the company’s directors, shareholders or creditors - they have two months in which to act.
If Companies House does not receive any objections within two months from the date of the first Gazette notice, the company will be struck off.
The company will then be dissolved upon publication of a second notice in the Gazette.
From receipt of the first letter to the company being struck off, the compulsory strike off process usually takes around four months in total.
What will happen to my company?
If you do not respond to inquiry letters from Companies House, your company may be forcibly struck off even if you’re still trading.
The consequences of this could be significant, and may include the following:
Your company will cease to exist as a legal entity
Ownership of any undistributed assets or cash will be automatically transferred to the Crown
Contracts with suppliers and customers will be jeopardised
The company will not be able to secure finance to rescue itself
The company will no longer have the protection of limited liability if it continues to trade, so directors may face personal liability for the company’s debts
The directors’ conduct may be investigated, which could lead to disqualification from being a company director for up to 15 years
As you can see, if Companies House initiates the compulsory strike off process and you want to continue trading, it’s vital to take swift action to prevent the situation reaching this stage.
Before striking a company off the register, the Companies House registrar must send two formal letters to the company’s registered address to inquire whether it is still operating.
If the registrar receives no response to the letters, they will then publish a notice in the Gazette stating that they intend to strike off the company unless they are given reason not to.
This is known as the ‘first Gazette notice for compulsory strike off’. A copy of this notice will be placed on the company’s public record.
Following the first Gazette notice, the Companies House registrar will strike the company off the register unless they are given a reason not to within two months.
This means that if anyone objects to the company being struck off - for example, the company’s directors, shareholders or creditors - they have two months in which to act.
If Companies House does not receive any objections within two months from the date of the first Gazette notice, the company will be struck off.
The company will then be dissolved upon publication of a second notice in the Gazette.
From receipt of the first letter to the company being struck off, the compulsory strike off process usually takes around four months in total.
What will happen to my company?
If you do not respond to inquiry letters from Companies House, your company may be forcibly struck off even if you’re still trading.
The consequences of this could be significant, and may include the following:
Your company will cease to exist as a legal entity
Ownership of any undistributed assets or cash will be automatically transferred to the Crown
Contracts with suppliers and customers will be jeopardised
The company will not be able to secure finance to rescue itself
The company will no longer have the protection of limited liability if it continues to trade, so directors may face personal liability for the company’s debts
The directors’ conduct may be investigated, which could lead to disqualification from being a company director for up to 15 years
As you can see, if Companies House initiates the compulsory strike off process and you want to continue trading, it’s vital to take swift action to prevent the situation reaching this stage.
Re: ALK Capital or Farnell/Elkashashy takeover
I wonder what kind of transfer funds they'd make available.ClaretAndJew wrote: ↑Wed Jan 05, 2022 1:02 pm...
Ownership of any undistributed assets or cash will be automatically transferred to the Crown
...
-
- Posts: 14567
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3436 times
- Has Liked: 6339 times
Re: ALK Capital or Farnell/Elkashashy takeover
Looks like the Calder Vale Holdings one has been filed (although it does appear to be blank). I assume the other will follow shortly.
-
- Posts: 2242
- Joined: Tue May 03, 2016 8:04 pm
- Been Liked: 699 times
- Has Liked: 4026 times
Compulsory Strike Off Order against Calder Vale Holdings
Anyone heard of a Compulsory Strike off order being issued against Calder Vale Holdings and what that implies for us?
Re: Compulsory Strike Off Order against Calder Vale Holdings
It's been discontinued now so it doesn't imply anything.
Re: Compulsory Strike Off Order against Calder Vale Holdings
Mentioned here viewtopic.php?f=2&t=49975&p=1714139#p1714139
As expected it's now been filed and the order discontinued.
As expected it's now been filed and the order discontinued.
-
- Posts: 20
- Joined: Thu Sep 08, 2016 6:25 pm
- Been Liked: 4 times
- Has Liked: 2 times
- Location: I'm behind you
-
- Posts: 2065
- Joined: Wed Jan 04, 2017 10:21 pm
- Been Liked: 217 times
- Has Liked: 97 times
-
- Posts: 4751
- Joined: Thu Jan 21, 2016 12:47 pm
- Been Liked: 953 times
- Has Liked: 238 times
Re: ALK Capital or Farnell/Elkashashy takeover
Nothing new there, it's a terrible piece, full of speculation.
-
- Posts: 11114
- Joined: Thu Jan 21, 2016 12:29 pm
- Been Liked: 1571 times
- Has Liked: 360 times
Re: ALK Capital or Farnell/Elkashashy takeover
Think most of us expected this from day one of the take over.
Exciting times
Exciting times
-
- Posts: 10314
- Joined: Mon Jan 25, 2016 10:36 pm
- Been Liked: 3338 times
- Has Liked: 1954 times
Re: ALK Capital or Farnell/Elkashashy takeover
I thought it had been reported a while ago that the terms had been renegotiated?
Re: ALK Capital or Farnell/Elkashashy takeover
It’s a good job we scared off Farnell and that naughty Egyptian!
Re: ALK Capital or Farnell/Elkashashy takeover
It had. Nothing is new in there. And the fact we are linked with quite a few players right now and trying to get deals done suggests the author is purely speculating.Bordeauxclaret wrote: ↑Thu Jan 20, 2022 7:05 amI thought it had been reported a while ago that the terms had been renegotiated?
This user liked this post: Bordeauxclaret
-
- Posts: 3233
- Joined: Thu Jan 21, 2016 9:36 am
- Been Liked: 1768 times
- Has Liked: 41 times
Re: ALK Capital or Farnell/Elkashashy takeover
I’d suggest the “sources” referred to are this messageboard!
-
- Posts: 23343
- Joined: Thu Jan 21, 2016 2:09 pm
- Been Liked: 8058 times
- Has Liked: 4714 times
- Location: Riding the galactic winds in my X-wing
Re: ALK Capital or Farnell/Elkashashy takeover
I'm struggling here with this one
Farnells track record is there for all to see. He ruins football clubs.
We still don't know for sure what is going to happen to us, and Pace (and Garlick did) will run Burnley FC as a business
-
- Posts: 10165
- Joined: Mon Apr 09, 2018 1:59 pm
- Been Liked: 4186 times
- Has Liked: 57 times
Re: ALK Capital or Farnell/Elkashashy takeover
Sources = fans forums and twitter
You would like to say Matt Hughes is normally better than this, but he isn't
You would like to say Matt Hughes is normally better than this, but he isn't
Re: ALK Capital or Farnell/Elkashashy takeover
It was tongue in cheek really, a bit of a better the devil you know type of post.Lancasterclaret wrote: ↑Thu Jan 20, 2022 7:43 amI'm struggling here with this one
Farnells track record is there for all to see. He ruins football clubs.
We still don't know for sure what is going to happen to us, and Pace (and Garlick did) will run Burnley FC as a business
This user liked this post: Lancasterclaret
Re: ALK Capital or Farnell/Elkashashy takeover
I didn't know this was you, assuming this is you.Adeola Friday wrote: ↑Wed Jan 12, 2022 11:08 amI'll have a word, I still know some people knocking around at the big house
-
- Posts: 1910
- Joined: Sat Sep 03, 2016 6:52 pm
- Been Liked: 732 times
- Has Liked: 460 times
Re: Something different, what do you think
Sorry I'm unclear from the press release as my crypto experience is middling- Are INX platform creating a new Burnley FC token? A token which people can buy or sell but is valued against club revenues & position, either directly indexed or indirectly via market confidence? Or is ALK Capital investing in the INX platform and its platform token with club funds, betting that this particular platform takes off in usage similar to say CoinMetro the last 24 months?Billy Balfour wrote: ↑Wed Dec 29, 2021 8:38 amHeh. I work in the digital tech, and I'm also under 45, but still, don't let that stop you from being patronising and presumptuous. Like I said - I wouldn't touch it with a barge pole. I'm certainly not going to exchange a stable form of currency for an unstable one, so that I can buy into highly leveraged club assets, unless it has a fixed peg to the GBP, and if it did, why even bother.
-
- Posts: 9905
- Joined: Fri Jan 22, 2016 2:28 pm
- Been Liked: 2350 times
- Has Liked: 3178 times
Re: Something different, what do you think
Hi spt, what has been spoken about with INX are digital securities, not crypto coins or tokens. It's definitely not ALK investing in INX and certainly not doing anything with club funds. We shall have to wait and see exactly what emerges if (and when) ALK/INX make further announcements.spt_claret wrote: ↑Thu Jan 20, 2022 2:06 pmSorry I'm unclear from the press release as my crypto experience is middling- Are INX platform creating a new Burnley FC token? A token which people can buy or sell but is valued against club revenues & position, either directly indexed or indirectly via market confidence? Or is ALK Capital investing in the INX platform and its platform token with club funds, betting that this particular platform takes off in usage similar to say CoinMetro the last 24 months?
This user liked this post: spt_claret
-
- Posts: 1910
- Joined: Sat Sep 03, 2016 6:52 pm
- Been Liked: 732 times
- Has Liked: 460 times
Re: Something different, what do you think
So essentially it's a digital token equivalent of a stock market listing for Burnley. Curious. Must admit no idea how that would work in terms of raising funds for the club.Paul Waine wrote: ↑Thu Jan 20, 2022 3:10 pmHi spt, what has been spoken about with INX are digital securities, not crypto coins or tokens. It's definitely not ALK investing in INX and certainly not doing anything with club funds. We shall have to wait and see exactly what emerges if (and when) ALK/INX make further announcements.
-
- Posts: 167
- Joined: Sun Jan 13, 2019 2:05 pm
- Been Liked: 54 times
Re: ALK Capital or Farnell/Elkashashy takeover
The blockchain angle to it all is just marketing - it's basically just a share that you could buy and I imagine dividends would be based on the revenue of the club, but there isn't a lot of detail
-
- Posts: 9905
- Joined: Fri Jan 22, 2016 2:28 pm
- Been Liked: 2350 times
- Has Liked: 3178 times
Re: Something different, what do you think
I agree. I'm an older guy - and I don't think it's one for my pension. My guess is that a digital security may capture the imagination of younger generations, particularly, people who might be attracted by (a) "digital" and (b) a stake in a Premier League club. If it's possible for social media to drive the people who were buying GameStock (if that was the name) and such like, then I can imagine it's possible to capture the imagination of a digital security where revenues are linked to BFC's Premier League (prospect of) success.spt_claret wrote: ↑Thu Jan 20, 2022 3:30 pmSo essentially it's a digital token equivalent of a stock market listing for Burnley. Curious. Must admit no idea how that would work in terms of raising funds for the club.
-
- Posts: 20
- Joined: Thu Sep 08, 2016 6:25 pm
- Been Liked: 4 times
- Has Liked: 2 times
- Location: I'm behind you