Fousands of Income Streams

[LastPoster]

And when the persons who own the 99% shareholding in the company decide the shareholders will have a vote on changing those Articles of Association just before the divi payout, what happens then??

[Horsey McHorseface]

[zakthemac]

He originally said his trust owns the 99% , so he will be the trustee and beneficiary anyways

[Horsey McHorseface]

If you start selling courses on proper tea in Egypt, you can have my £1000

[Nick Forest]

Horsey McHorseface said:

If you start selling courses on proper tea in Egypt, you can have my £1000

I think where Kez is from it’s pronounced “T’Egypt’ (©️Peter Kay 2004)

[MWM3]

Hmmmmm....

"Must define Class B shares (or similar) with full dividend rights, but restricted or no voting or capital rights."

So no voting rights,I'm with you.

But then

"10 Class B shares (owned by you, 1% voting, 100% dividends)"


So 1%, therefore breach of AoA?


Also

"you can have 99% of one and 1% of the other its all in black and white"

Please explain how you can have 1% of 10 Class B shares?

zakthemac said:

Articles of Association:

Must define Class B shares (or similar) with full dividend rights, but restricted or no voting or capital rights.

Can include a clause like:

Holders of Class B shares shall be entitled to 100% of declared dividends of the company, regardless of shareholding percentage.

Issue Structure Example:

Total shares: 1,000

990 Class A shares (owned by others, 99% voting, 0% dividends)

10 Class B shares (owned by you, 1% voting, 100% dividends)

Shareholders' Agreement:

Reinforce dividend policy and ensure Class A shareholders agree not to take dividends unless you get your full entitlement.

Honestly muff, just read up and Class A Shares and class be shares. you can have 99% of one and 1% of the other its all in black and white. as much as we want him to be wrong hes actually right. I dont wanna defend a bell but its true unfortunately..

[Armitage.Shanks]

Horsey McHorseface said:

If you start selling courses on proper tea in Egypt, you can have my £1000

I'll buy into that

I'm still waiting for our Kez to contact me as his willing and eager apprentice. I don't think I live too far from his 'headquarters', so I can get the bus or a tram. I draw a line at wearing whatever he's got on in the above pics even if that is the company uniform.

[Horsey McHorseface]

Armitage.Shanks said:

I draw a line at wearing whatever he's got on in the above pics even if that is the company uniform.

I don’t know what he’s wearing but I’m feeling crochet courses might be his next big money grab.

[illmonkey]

Horsey McHorseface said:

Armitage.Shanks said:

I draw a line at wearing whatever he's got on in the above pics even if that is the company uniform.

I don t know what he s wearing but I m feeling crochet courses might be his next big money grab.

All about the revenue threads...

[p4cks]

Horsey McHorseface said:

he's the gift that keeps on giving

[Zoon]

zakthemac said:

Articles of Association:

Must define Class B shares (or similar) with full dividend rights, but restricted or no voting or capital rights.

Can include a clause like:

Holders of Class B shares shall be entitled to 100% of declared dividends of the company, regardless of shareholding percentage.

Issue Structure Example:

Total shares: 1,000

990 Class A shares (owned by others, 99% voting, 0% dividends)

10 Class B shares (owned by you, 1% voting, 100% dividends)

Shareholders' Agreement:

Reinforce dividend policy and ensure Class A shareholders agree not to take dividends unless you get your full entitlement.

Honestly muff, just read up and Class A Shares and class be shares. you can have 99% of one and 1% of the other its all in black and white. as much as we want him to be wrong hes actually right. I dont wanna defend a bell but its true unfortunately..

In which case what's the purpose of the other shareholders if they get no dividends?

[200Plus Club]

p4cks said:

he's the gift that keeps on giving

Is that a tea towel he's wearing?
Goes well with the teeth.

Genuinely though is that how he's posted complete with spelling mistakes? Who would listen to anyone as illiterate as that?

[LastPoster]

zakthemac said:

He originally said his trust owns the 99% , so he will be the trustee and beneficiary anyways

I can only see the posts here (I don't follow him elsewhere) but it says "a trust" not "his trust"

[zakthemac]

a trust is technically its own thing but you can most definitely create a trust give 99% shares as voting rights to the trust and 1% to dividend rights. just check the internet

[Mikebentley]

Potatoe , potatoe it all still sounds like a Tax avoidance scam. Nobody who can make so much so easily would deliver takeaways or wk dogs for money.

[zakthemac]

the takeaway thing was a publicity stunt, the guys clearly milking people from course sales. however, dont be blind to his marketing. I will call out his negatives for sure. but his marketing is pretty good. thats why he spells stuff wrong on purpose.

[200Plus Club]

zakthemac said:

the takeaway thing was a publicity stunt, the guys clearly milking people from course sales. however, dont be blind to his marketing. I will call out his negatives for sure. but his marketing is pretty good. thats why he spells stuff wrong on purpose.

Ok now enough is enough, go back to doing whatever it was before you deliberately joined the thread to defend him. He's a muppet of the highest order, you aren't going to win over anyone on this thread to his "charms" lol.
I'm not an expert but having watched some of his stuff via this thread I think our sausage dog has better plans for well being and income, Kez is a chancer who is looking for the next grift. Last time I bothered he was trying to flog apartments in Turkey or somewhere!

As if anyone sensible is going to fall for his miss spelled advertising.
Off you pop.

[Caddyshack]

200Plus Club said:

zakthemac said:

the takeaway thing was a publicity stunt, the guys clearly milking people from course sales. however, dont be blind to his marketing. I will call out his negatives for sure. but his marketing is pretty good. thats why he spells stuff wrong on purpose.

Ok now enough is enough, go back to doing whatever it was before you deliberately joined the thread to defend him. He's a muppet of the highest order, you aren't going to win over anyone on this thread to his "charms" lol.
I'm not an expert but having watched some of his stuff via this thread I think our sausage dog has better plans for well being and income, Kez is a chancer who is looking for the next grift. Last time I bothered he was trying to flog apartments in Turkey or somewhere!

As if anyone sensible is going to fall for his miss spelled advertising.
Off you pop.

Yes, it really is simple. If you are working so hard selling courses then you are not making the money doing the things the courses teach people about. Why not focus on “borting” more apartments in Egypt or forex trading with 50% profit per day etc?

[LennyM1984]

200Plus Club said:

As if anyone sensible is going to fall for his miss spelled advertising.
Off you pop.

It's "misspelled" (sorry to be that guy but the irony did make me laugh even if it was just an autocorrect).

Right, better get back to painting my propertea now 😂

[200Plus Club]

LennyM1984 said:

It's "misspelled" (sorry to be that guy but the irony did make me laugh even if it was just an autocorrect).

Right, better get back to painting my propertea now ?

Haha fair comment, I did think to check but was in a rush lol. Luckily I'm not trying to sell courses in finance or advertising half built flats in 'T'egypt as Peter Kay might say!