Tuesday, March 11, 2014


If the Co-Op is forced to demutualise presumably all the members will get shares in return from surrendering their membership rights.

That is going to be a huge boost to the economy.

The Co-Op is sitting on a lot of valuable real estate.

Update - on Channel 4 News just now Faisal Islam has just the phrase "fat cattery" when talking about the Co-Op board.  I like this description.  It conveys the idea of someone aspiring to become a fat cat.

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