In his most recent email to a select group of members, the President admitted that the Club had lacked a Treasurer for approximately eight months and promised that he would soon advise the general membership of the appointment of (yet another) Treasurer. No details were given of the selection process followed, though clearly the job …
As Dire Straits readers know, most of the Club’s $17 million have been put into ME Bank: a BBB rated bank now under investigation by ASIC for its conduct. So much for the bank described by the Secretary at the 2019 AGM as “… a massively reputable bank..” which had not been exposed to the …
President admits the obvious. The Club is going nowhere.
The Secretary, Conrad Corry, is supposedly responsible for the whole of the Annual Report. Now that one of the Vice-President’s sons has taken over the role, clearly that responsibility is his no more. Given his appalling grammar, readers can only be grateful for the change. There is a one page report from him though, which …
According to the latest financial accounts, the Club’s total current assets now stand at $17,071,949 million. This is a drop of over $2.9 million in only one year. It’s really hard to keep up with the figures as the decline has been so rapid. This figure is presented as perfectly acceptable in the Club’s September …
How to begin? The most remarkable thing about the report is its complete detachment from tricky things like facts. The first paragraph tells us how nice it was “to have all candidates who stood with me very comfortably elected.” Well it’s a nice thought, but James Dunne got 62 votes – stone cold motherless last. …
The AGM has left many members with unanswered questions. Here are some moe.
Missed the date of the next AGM? It’s in the latest monthly ‘Newsletter’ on the 24th November, 2019. This is an important date because, if you want to put up matters for debate, you have to get them into the Secretary – Conrad Corry – 28 days before the date of the meeting. So, don’t …
Denis Swift is the Club’s new Treasurer. What are his qualifications for the role? They’re highly appropriate. We know the current Secretary can’t be bothered to inform members about the people representing them, so we thought we’d help him out. Denis Swift’s academic qualifications include a Bachelor of Business and a Master’s in Health Administration. …
The capital loss is rapidly worsening. Only 14 days ago, we posted a summary of the financials to date and stated that the Celtic Club financials showed that the Club’s capital had now fallen to $18.6 million. In other words, since 2015, the Club had lost $9.2 million. It’s really hard to keep up with the figures …
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