How are you going to spend yours?

Stormproof · Post by **Stormproof** » 16 May 2009, 23:20

Perhaps we should start up a RMC Scooter Club

randompostman · Post by **randompostman** » 17 May 2009, 07:44

Saving mine for ia we are having our meeting at last, with a vote to follow.

Post by **stokes11eg** » 17 May 2009, 12:55

does anybody know what is going to happen with these shares if there is a sell of?
will we still be able to 'sell ' them back to R/M after the alloted time?

andy2007 · Post by **andy2007** » 17 May 2009, 13:54

No, sadly, the Collegue Shares don't exist. They never did. It's just a Bonus Scheme, made to look like shares, because they weren't allowed to sell the real ones.

The original idea, had been to give us all real shares in RM, before selling the rest off on the Stock Market. But thankfully, they weren't allowed to do so.

Post by **stokes11eg** » 17 May 2009, 14:48

Hi, Andy, I'm sitting here reading through my Colleague share plan, and it states you could 'sell back some of your shares to the company after four years,or if you wait for an extra year.the company will buy back your shares at valuation price at the time.It also says once the plan has matured,and you sell your shares back to the company,then if the law doesn't change ythey could arrange to put the money ibto a pension arrangement, free of tax.
Have i been reading this wrong?

andy2007 · Post by **andy2007** » 17 May 2009, 15:07

No, you haven't read it wrong. But if RM is sold off, they will cease to exist. So it would be a case of trying to sell "the Emperors new clothes" back to RM.

So long as RM isn't sold off, you can sell them back at the appointed time. But if someone else buys RM, then they won't be worth the paper they're printed on.

The "resale" value of the phantom shares, is just another part of the bonus scheme.

k979aaa · Post by **k979aaa** » 17 May 2009, 15:20

Thats why :lfo went off in a huff because he could not get his shares and it would not be 400 more like 4million along with :cfo and him :mfo

Post by **stokes11eg** » 17 May 2009, 16:08

Thanks, that's what I wanted to know-sell-off =no shares! god dang it, I was looking forward to the possible 5000
quid--shafted by R/m AGAIN!!

andy2007 · Post by **andy2007** » 17 May 2009, 16:20

Not neccessarily. They have to defeat the Back Bench rebellion, Public outrage, and a hosile Press. At the very least, the Privatisation will be delayed. With luck, we might even be able to get it shelved.

I for one, still live in hope!

Post by **stokes11eg** » 17 May 2009, 16:35

Hope? Working for R/M? now, i'll go back to checking exactly WHEN the five years are up, and keep all 10 fingers crossed!

andy2007 · Post by **andy2007** » 17 May 2009, 17:03

If you give up Hope, then what's the point in fighting back?
It's unlikley that we'll get the Privatisation plans shelved. But it's not impossible. Remember: It 'aint over 'till the Fat Lady sings!

randompostman · Post by **randompostman** » 17 May 2009, 17:51

randompostman wrote:Saving mine for ia we are having our meeting at last, with a vote to follow.

Are we talking about non existant shairs that will be worthless and go before they are issued or this years sell out savings cash? Eitherway i dont care but all my spair cash is going under my mattress for a rainy day that will happen soon i hope?

Post by **dvbuk55** » 17 May 2009, 18:15

andy2007 wrote:Not neccessarily. They have to defeat the Back Bench rebellion, Public outrage, and a hosile Press. At the very least, the Privatisation will be delayed. With luck, we might even be able to get it shelved.

I for one, still live in hope!

You may not be far from the truth. There are also a number of legalities to be covered before privatisation can take place. I was with an ESI before privatisation of that and went on the 31st March when the company was due to be "privatised" on the 1st April - it was exactly a year later when the privatisation took place because all the legal niceties hadn't taken place. Even if the plan gets through parliament eventually it is going to be some considerable time before any change takes place. Not least of all the hostile reactions - the ESI was under the Thatcher years when everything was being sold off and there wasn't any hostile reaction to the sell offs then.

RTI · Post by **RTI** » 17 May 2009, 19:56

johnnyp wrote:
k66yla wrote:Just wondering what everyone is going to squander their £400 on?
517786_biglandscape.jpg
A day out next Sunday at this place

see you there son. brite n early oioioi

no one likes us, we dont care! hahaha

dinho1 · Post by **dinho1** » 17 May 2009, 20:02

shimmy . looking at a malossi 172 for my t5, got a polini 152 at mo but need more speed .

ROYALMAILCHAT

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