West Somerset Railway General Discussion

Look at the web sites yourself, they are easily found. I believe both are trustworthy. In order to avoid 'a stir' links to them were not provided here.

 

I think in this instance given what you've already said you'll get less of "a stir" if you do provide the links now!

 

'Stir' is the operative word; the matter is subject to litigation.

 

One of the two websites is the WSRA - look at the board minutes. That’s accurate I have no doubt. The other site is full of nonsense, as usual, so I won’t name it.

 

Remember it most likely getting the second valuation will make their case stronger if the second valuation is similar or higher than the first one, and if quite a bit lower but still a lot more than what the shares were sold for it could still make it worth while taking proceedings against them. By getting the second valuation will help the case as the sellers will not be able to say that you only have one valuation which they consider is far too high, and if you have two it will reduce them been able to challenging this point.

 

I've read the anonymous "valuation" on the other site. It takes a lot of words to say very little.

 

Which might be summarised as 'We wuz robbed' (in our opinion).

 

The ‘valuation’ is nothing of the sort. An unidentified individual takes a considerable number of words to say ‘its all too difficult’ and then values the shares at par. With respect, a valuation at par of a trading company where there is a market in its shares is almost certainly always wrong. A trading company will either lose money on the investment made in it or gain value. Given that the 4160 assets are a steam loco under overhaul , a diesel loco in working order and daily use and a pile of cash, a total valuation of around £50,000 is just silly.

These are the ‘WSRA hysteria’ and 4160 Ltd sites, both under the control of Messrs Johnson and Crees, the subject of the potential litigation for return of the 4160 shares. Both sites are full of sad, and/or hilarious nonsense. But you believe them to be trustworthy. Hmmm....

Robin

 

More pointless speculation. The fact is the WSRA Trustees have not released any information about the negotiations nor would any reasonable person expect them to do so. All you and Greenway are doing is trying to stir things just for your own self gratification and cause trouble. To be quite candid it is time you both grew up and shut up.

 

Once again you paint such a rosy picture of life on the WSR... Perceptions, remember?

 

Complete and utter nonsense. . Purely factual!

 

So it's not just a perception; it really is squabble central on the WSR?

 

More fantasy on your part. Time you took the same advice as I gave to the other two.

 

You're such a good ambassador for the railway...

 

Hardly - the only "squabble" relates to the ownership of some shares in a locomotive which used to run on the WSR but is now elsewhere.
Not "central" to anything current on the railway, though it is a matter which it would be nice to see brought to a satisfactory conclusion soon.

 

You do not do the WSR or its supporters any favours with your exceptionally rude posts. Perhaps it is time that you grew up and shut up yourself ..!!

 

It seems to me that the trustees have a legal duty in the matter of the 4160Ltd shares and the advice they have suggests that they have little option other than to pursue the matter

 

Actually Robin this was one of the places I referred to. But Peter suggested I did not believe all I read on the web. However I did suggest that both places I read were trustworthy. However time, will eventually tell who wrote the facts and who did not. I only hope, for WSRA supporters sake, that it does not end in tears and more wasted money.

 

So do you suggest that those who endlessly peddle pure unsubstantiated rumour do the WSR any good? Why should they be allowed their endless diatribesunchallenged? Prevously they have been politely asked, on many occasions to deist but continue. It seems me that the only way to counter such is to challenge it. Despite the facts having been spealt out they just ignore them. Let me spell it out one more time. The Trustees have been endeavouring to negotiate a settlement with ex6+1 much of it related to the share dealings but also on other matters. No responsible Trustee would release anything but the bare minimum information about the progress of those negotiations. Despite this a number of posters on here have continued to post purely speculative, and wholly imaginary, allegations about those negotiations. Neither they, nor anyone else outside the Trustees and their professional advisors actually KNOWS any detail what has been going on. Indeed is difficult to imagine what benefit the WSRA or their supporters would gain from a public discussion being held in public. Hence it is pure speculation and to suggest it is correct because details may, repeat may, have appeared on websites is meaningless. Those who suggest otherwise are at best naive and at worst doing so out of malice or for self gratification. Have I been rude to them? Possibly but they have entirely brought it on themselves by their own juvenile attitude. IMHO they need to look very closely at their motives for their continuing attempts to make trouble and encourage dissent.