For the shareholders to pass Resolution 4, to allow the directors of the club the authority to allot the 117,000 shares, as and when they see fit, and in the interests of the club, will require a level of trust in the directors to do the right thing.
I find it hard to believe that this is a Machiavellian plot to allow Grahame Rowley to gain a controlling share in the club through the back door. I don't think John King would be turning over his shares if this was the case, nor would the club have gone to the trouble of bringing in The Sport Business to help with the search for investors.
On the other hand, like other posters, I wish I could have advanced knowledge of where the shares are likely to go, so that I could be reassured that the shares will end up in the hands of somebody with the best interests of our club at heart.
At the moment, it's a cautious yes from me, but I will attend the EGM to hear the arguments before voting.
There is the option to support resolution 1-3 but to reject resolution 4. This would prevent the allotment of the shares without a further vote of the shareholders, once a prospective investor(s) is identified. That could however, prove to be a disincentive to new investors who might think twice if they had to jump through that hoop.