North Yorkshire Moors Railway General Discussion

One has to wonder what's going on behind the curtain which led to that? Could be something minor - or not. Any guesses?

Noel

 

To my simple mind, an AGM is to receive reports from the directors on the previous years performance, including the accounts, appoint any new directors and make proposals for the future. There's only the latter that might require further thought which would lead to a postponement. That does not bode well, IMHO.

 

If there's bad news in the first you listed, that might also require "further thought" on how to present it. (Your conclusion still applies, there, too; although one would have thought that they'd have seen that coming.) But it could be a hangup in the second - someone who had volunteered to come on board has just backed out, and a replacement has to be found. (What that would mean would depend on why they changed course; innocent potential causes also exist for that.) Ah, well, we'll probably know fairly shortly.

Noel

 

And the obvious question about the accounts is whether the auditors are saying something that would be difficult to manage at an AGM and the directors are kicking the can down the road