HBG, Independent Directors Sacked

[Tom Shines]

You say that.

But as it stands they now hold control over the board after PVL stepped in.

And Richo is out.

So it kind of looks like they got their way at this point.

I'm hoping that the olive branch is extended and another independent gets added, or as Demps suggested, one of HBG steps down, to balance the board.

You rage on though if it helps.

Yes ..I’ll be raging on with thousands of others on Saturday … next week you will still be here still trying to be a cuck for these dopes..

This fight is just getting started

 

[hammertime]

So it isn’t a positive three sacked directors are back ?

Not when they've added 3 more of their own, no it's not.

Beforehand it was

- 4 independents, 2 HBG, 1 Balmain. Now its
- 3 independents, 5 HBG, 1 Balmain....

So now they control the WT board again - those 20 debenture holders. FMD.

 

[weststigers]

Not just that HBG will now have 5 reps on an extended 9 seat board

Madness

5 x HBG
1 x Balmain
3 x Independent
9 Total

How does this solve the issue? Did PVL think we were worried about changing the name? Did he think we were mad because we loved BOF?

It's just so random.

 

[Tom Shines]

Not when they've added 3 more of their own, no it's not.

Beforehand it was

- 4 independents, 2 HBG, 1 Balmain. Now its
- 3 independents, 5 HBG, 1 Balmain....

So now they control the WT board again - those 20 debenture holders. FMD.

Mate ..I get your point FFS…

This ain’t the end !

Where were they 48 hours ago ?

 

[batboy]

I think Wildman steps down.

Seen that trick before - he just reinstated himself a little bit later through a different avenue….

Bloke isn’t even a flea - he’s a tick.
Sucking on the life blood of the club for survival.

 

[Telltails]

So it isn’t a positive three sacked directors are back ?

Increased the amount of members on board. My understanding (and please anyone correct me if Im wrong ) three independents 5:HBG and one Balmain - in other words exercising control. And we know what they do if any directors don't vote with the numbers.

 

[kiwitiger]

Really seems like the NRL meet with HBG and advised damage control.
Really surprised that the guy from horse racing seems as shifty as the debenture group. Kinda like the gambling industry attracts the same type

 

[Rock Hopper Steve]

I hope you are right.

But where have they been up to now?

When has anyone been able to put in an offer, they just won't let go even after it's clear they don't have the smarts to run it.

 

[weststigers]

I think you are also missing the point, PVL has publically stated there will be ramifications if there are any further problems.
That has not previously happened.

There won't be problems. HBG have stacked the board. There'snothing to argue about when you control the board.

I understood your point and I agree. More problems, PVL will intervene. It's a different and adjacent point to the one I was making.

The problem is no one thinks they are competent enough to make good decisions and from a majority independent board, we have moved to a majority HBG board. The same people that created this mess.

 

[Merlot]

You are. You said it's a positive. It's not in the slightest. They've not just removed directors now, they've unwound the recommendations of the report - that is new. You get that right?

With the blessing of PVL ,hovering with his big stick and already twice pre warning them about governance ,.Fool Peter 3 times at their own peril

 

[Vicious]

Madness

5 x HBG
1 x Balmain
3 x Independent
9 Total

How does this solve the issue? Did PVL think we were worried about changing the name? Did he think we were mad because we loved BOF?

It's just so random.

Do you trust PVL or not ?

 

[Chunk]

Try to look at the positive side.

More HBG members is certainly no good however, when making important decisions, at least there will be voices of reason within the room, I'm sure BOF and the other independants would command some respect.

And if the next board member is a 'modern' woman, maybe she won't put up the the 1970's style of man thats within the HBG group and think sensibly, no pats on the backside for her.

 

[Tom Shines]

Increased the amount of members on board. My understanding (and please anyone correct me if Im wrong ) three independents 5:HBG and one Balmain - in other words exercising control. And we know what they do if any directors don't vote with the numbers.

So where were they 48 hours ago when all the independents were stuffed ?

Is this the end ? Should we still show up on Saturday?

 

[weststigers]

Do you trust PVL or not ?

I don't trust HBG. Do you?

 

[innsaneink]

Hope you're doing ok Boss

Cheers Chad still kickin

 

[tigertragic]

So it is starting to sound like HBG were after maybe 2 things to happen-

Either control or an even split of control on the board (I think the 3rd/4th independent board member needs some clarification)

Secondly- the removal of Shane Richardson.

Call them whatever you want, say whatever you like, but an 'owner' wanting a 51% say, or even a 50% say in the running of the club doesn't sound ridiculous

It would seem that Richo was the/a target. Interesting that the NRL left him out of the negotiation.

I hope the new CEO is a good one- I'm thinking Mielekamp is looking likely.

I would also hope that a 4th board member gets added to balance the control. Maybe the weird introduction of Benny Elias from nowhere plays into a board position?

None of this is confirmed, but pieces are falling into place and the smoke is clearing somewhat now.

A competent owner wanting control is not unreasonable, but HBG has shown that isn’t them over an extended period. PVL said they could have gone further. He should have.

“Call them whatever you want, say whatever you like, but an 'owner' wanting a 51% say, or even a 50% say in the running of the club doesn't sound ridiculous”

 

[The Chad]

Madness

5 x HBG
1 x Balmain
3 x Independent
9 Total

How does this solve the issue? Did PVL think we were worried about changing the name? Did he think we were mad because we loved BOF?

It's just so random.

Almost feels like we need some answers to fully understand what is going on

 

[weststigers]

Yep HBG now in control of the WT board, bot what the independent review recommended.

Now need a HBG member who is a woman, that is fine, happy to have extra females on the board, but I wonder who that could be? *begin sarcasm* Do we happen to know any female debenture holder who is female? Hmmm. *end sarcasm*

Simple and easy solution to all of it: A fully independent board, and HBG out.

Saturday cannot come soon enough, let out voices be heard.

Is this serious? About having a woman? We had one and they sacked her?

 

[Merlot]

just think PVL is giving them enough rope to hang themselves -

 

[Rock Hopper Steve]

Seen that trick before - he just reinstated himself a little bit later through a different avenue….

Bloke isn’t even a flea - he’s a tick.
Sucking on the life blood of the club for survival.

Shows you the intelligence of those goons, any other organisation would have shafted him years ago.