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Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: Mar. 31 2006, 11:27 Right Chaps - Here it is. I can get the Tubular 1 Telecaster but it is rather expensive.  It is an investment item and need to be kept in a secure place.  I propose the following: We need to raise £50000 to purchase it to which Mike has agreed.  Any ammount will do from £1 to £5000, there will be a lega agreement showing thet you own a share in the guitar the will be drawn up by a lawer. The guitar will be placed in a secure location - like rented to hard rock cafe or placed in a museum somwhere.  There will be oppotunities for those in the group to get acess to it in a controlled manner.  The value of the guitar is expected to increase by about 100%  every 20yrs.  The Guitar wil be valued periodically and you can sell you share for the going rate with first refusal going first to the existing group members. Funds Commited so far: Ray Procter Ra -------------- Looking out over the harbour in Peel....... Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: Mar. 31 2006, 11:30 Sorry pressed send too soon. Please add you name to the list below if you are willing to commit funds, also put amount:  It need to be done quick.  Once we reach about £40k I'll commit to buying it with Chandlers. Fund will be lodged with a lawyer  - before the guytar is purchased so no worried about not getting your money back.  I am the director of a group of companies so I dont have a problem handling this type of thing. Funds commited Ray Procter  5000 pounds -------------- Looking out over the harbour in Peel....... Back to top

TOBY Group: Members Posts: 1562 Joined: May 2002 Posted: Mar. 31 2006, 12:16 Cool idea Ray count me in. Marillion fans after all raised £100,000 to buy shares in Marillion and pay for their album Anoraknaphobia. I could probably manage about 50 squids. We could probably get some press attention, the music press love stories like these. Back to top

BOOsTER Group: Musicians Posts: 1024 Joined: Jan. 2003 Posted: Mar. 31 2006, 13:07 NO, NEVER! A Guitar is made to play! Not for being kept somewhere! Even when it's THE GUITAR Mike did TB with. And if you don't get this...you shouldn't own any guitar... BUY A BOMBARDONE!!! instead of having such stupid ideas! -------------- http://www.djbooster.net Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: Mar. 31 2006, 14:42 Yes I knoew that one was comming.  I agree a guitar is meant to play and i initially thought yes we'll get it to play it, however that is not practical and in any case it will probably go to The HardRock Cafe if we don't buy it -  now eventually it may get bought to play this way - if it goes to a cafe it will stay behind glass panels. So initially it may look like a bad idea but think it though, don't shoot from the hip. Ray -------------- Looking out over the harbour in Peel....... Back to top

mink stoles Group: Members Posts: 88 Joined: Aug. 2005 Posted: Mar. 31 2006, 15:59 I think it's a great idea!  Imagine owning a slice of Tubular Bellsness.  Not that we could take it with us when we die though.  How will you go about collecting the money and how will we know you won't steal the guitar so you can play it all day yourself -------------- So if you you feel a little glum, To Hergest Ridge you should come. Back to top

Jammer Group: Members Posts: 643 Joined: April 2000 Posted: Mar. 31 2006, 16:10 Tie him up! I caught him nicking off with the Telecaster. Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: Mar. 31 2006, 16:29 Ok - My intentions are honorable,   .  with this type of thing we set up a leagal document of joint ownership agreement which every one signes and also the % share is noted on this.  The ones putting the money in decide what goes into that agreement - so if you want the guitar for a couple of days to play per year then that can be written into the agreement. It can either be  - the guitar is passed arround (but maybe the guitar gets damaged and insurance will be high) for you to take turn in playing.  Remember Mike said he has a new japaneese tele that he used for tub bells 1 remake due to it's ability to stay in tune - this guitar is a piece of history - not a pristine tunable instrument - it's 40yrs old so is bound to have some wrinkles. Also - every year the guitar is valued - either an agreed estimate (within the owners group) or truly valued  (Chandlers are the people who sotherbys get to value guitars like this - so thay can do it, but may charge a fee).  If you want to sell  - you can either sell at the valued rate within the group ( called pre-emption option) - infact this will mostlikely be the prefered first option - or if no one wants to buy your share you can sell outside the group.  bit like having shares.  If the guitar is placed in a safe place for most of the time the insurance will be lower and there may be some revenue from this - or may be not. The money will not be paid to me - it will be payed to an independent solicitor who will collect the money and pay for the guitar directly - he will also keep the register of ownership and it will be heritable property.  I suggest we keep the lower amount to at least £50 as a minimum to keep the numbers handlable - so there will be 1000 £50 shares.  Thus an average it will take about 100 to 150 people initialy to buy it, based on there being a spread of values from 50 to 5000 pounds I hope people will help to get this guitar for fans.  At least we could gift a share to Mike and say if he needs or wants to use it he can. Hope that explains a bit and show that this is a serious effort. Ray -------------- Looking out over the harbour in Peel....... Back to top

moonchildhippy Group: Members Posts: 1807 Joined: Dec. 2004 Posted: Mar. 31 2006, 17:27 Quote (Ray @ Mar. 31 2006, 22:29) I hope people will help to get this guitar for fans.  At least we could gift a share to Mike and say if he needs or wants to use it he can. Hope that explains a bit and show that this is a serious effort. Ray What a great idea,fans getting to  own the TB Telecaster with it being available for Mike's use should he so wish/need   .  I'd much prefer that rather than the guitar being sold to an organisation with little or no interest in Mike's music.   I'd be interested in buying share(s) , ATM I feel I could run to up to £50, maybe I can pursuade someone to buy me share(s) for my birthday present  , what a fantastic present. I'd love the opportunity    to  own a piece of history.  . -------------- I'm going slightly mad, It finally happened, I'm slightly mad , just very slightly mad If you feel a little glum to Hergest Ridge you should come. I'm challenging  taboos surrounding mental health "Part time hippy" I'M SUPPORTING OUR SOLDIERS BRING OUR TROOPS HOME NOW!! Back to top

BOOsTER Group: Musicians Posts: 1024 Joined: Jan. 2003 Posted: April 01 2006, 05:15 I don't think it's a good idea anyway, sorry...but any "shared ownership" or whatever you call it in english doesn't work... it can't work, there'll always be someone who will feel like he doesn't get what he paid for etc... -------------- http://www.djbooster.net Back to top

Jammer Group: Members Posts: 643 Joined: April 2000 Posted: April 01 2006, 07:06 Good luck Ray. You seem to have thought it out well. I couldn't contribute the collborative bid for the Telecaster as besides not wanting to commit myself, I'm more of an acoustic man. However, if you do succeed in getting a party together to bid for it, some kind of get-together for MO fans where they could try out the guitar(s) would be a possibility. Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: April 01 2006, 11:40 Thank Jammer for your support (and to eveyone else) and thank for you comment Booster, I respectfully disagree with you for the following reason. Every single company in the world is a collective ownership of something.  I don't believe that you don't think 'that' works, I just think you havnt thought about this particular venture in that way. Sofar we have the following committed Ray 5000 pounds Un-named person 5000 pounds others £150 (3 x £50) Thats £10150 Regards  Ray more than 20% there.   -------------- Looking out over the harbour in Peel....... Back to top

TOBY Group: Members Posts: 1562 Joined: May 2002 Posted: April 01 2006, 11:45 Quote (BOOsTER @ April 01 2006, 05:15) it can't work, there'll always be someone who will feel like he doesn't get what he paid for etc... Booster probably has a point Ray, I think the idea would only really work if you had a small number of people putting up a large amount each. No matter how well organised the project was I think there would inevitably by big squables about who has control over the guitar and it would be bound to get damaged by someone sooner or later. Anyway how about everyone chipping in a tenner to raise enough money to commision Mike to write an instrumental album we're all happy with.   Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: April 01 2006, 11:53 Toby,  That is exactly what I am expecting - a small number of owners, but I dont want to exclude any one.  Hence the limit is currently set at £50.  Would you like me to raise it to £2500, that would be a shame for someone who would like to have a certificate showing thay own part of it and can get acess to it - to perhaps use it to record something for their own interest etc.  I know when I was 20 or so yrs old (er.. some thime ago) I would have been rather happy to see such a low amount at the limit so it didnt exclude me. Also - the value goes up - so if you want out - you sell your £50 share for say £55 pounds - but you have your certificate saying you at one time owned a share in it.  You may even see these share certificate being sold on ebay???  who knows silly things happen. You know I think every one is having the same thoughts about this including me and others putting up funds.  but I cant write every thought down until i'm challenged - then I will respond with what my thinking is.  Cheers  Ray -------------- Looking out over the harbour in Peel....... Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: April 01 2006, 11:56 Whoa - before anyone misinterprest that - you will not be allowed to sell on ebay the ownership, there will be preemption rights for the rest of the owner ship group, but once you have reliquished your ownership you will still have the certificate - you can do wwhat you wanbt with that. Phew..soory need to proof read more carefully.  Ray -------------- Looking out over the harbour in Peel....... Back to top

TOBY Group: Members Posts: 1562 Joined: May 2002 Posted: April 01 2006, 12:15 Yeah I see your point, I would defo be interested. Is £50,000 the amount Mike said he wanted to part with it? I guess he may well know that the Hardrock Cafe would give him this for it and I suppose he's in no desperate need to part with it. How about £40,000 Mike and a barrel of Guinness   Back to top

Tas Group: Members Posts: 32 Joined: July 2004 Posted: April 01 2006, 13:48 I'll comit! count me in! Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: April 01 2006, 15:10 Quote (TOBY @ April 01 2006, 17:15) Yeah I see your point, I would defo be interested. Is £50,000 the amount Mike said he wanted to part with it? I guess he may well know that the Hardrock Cafe would give him this for it and I suppose he's in no desperate need to part with it. How about £40,000 Mike and a barrel of Guinness   he has already parted with it - it's sat in a dusty guitar shop. -------------- Looking out over the harbour in Peel....... Back to top

TOBY Group: Members Posts: 1562 Joined: May 2002 Posted: April 01 2006, 15:43 You would have thought that he might have stuck it into Sotherby's or some other big auction house, I mean thats a pretty damm famous album he might well have got more than £50'000 for it, I'm sure it would have generated quite a bit of interest. Back to top

Ray Group: Members Posts: 857 Joined: Jan. 2000 Posted: April 01 2006, 16:04 He mentioned it on Radio 2 - a direct plug to sell it - funny but no interest was generated, however - I had allready made an offer before that so I got a call after no one else was interested.  But the amount requested was very high as you can see. -------------- Looking out over the harbour in Peel....... Back to top

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