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Hereford United chairman David Keyte has been explaining why the board feels it's a good idea to have a share issue.
"We've suggested that the current financial model with such low crowds and player budgets is not sustainable and we needed to have a radical rethink," Keyte told BBC Hereford and Worcester.
"We've been doing that over the past weeks and months and we've proposed that we would like shareholders to consider a share issue.
"There's a bit of a strangle-hold in the current set-up which is 40,000 twenty five pence shares and for years they've all been allocated.
"And so when we've had investment discussions with various parties we have little or nothing to offer them so we need to widen that net.
"We would like to undertake a series of projects based on what we could raise from a share issue to a sum of £1.5M.
"The shareholders will need to support the share issue and vote it through.
"The advice we've got is whilst you've got a balance sheet in a negative situation as the club has had for probably thirty years, the shares are technically worthless which is a bit hard on somebody who has bought shares and thought they were supporting the club.
"Myself as the person with the most shares that cost me a sum of money three years ago, to be told that on paper they are worthless until you can get the balance sheet into positive figures.
"I would want to put something in that recognises that committment and so you set up a scheme that can be debated and agreed on, perhaps something that says the current shareholders get a multiple into the new structure. Perhaps if you have ten shares today, you might have fourty tomorrow in the new system.
"And the ability then to make your own choice about buying more shares at £1 each.
"There are a number of ways you can go through a share issue."
