So far they claim to have pledges that total £10m, although none of it is sat in a Trust bank account anywhere.
But that is £90m away from Mike Ashley's asking price.
And the £100m is just to BUY the club ... what about tranfers and running costs?
No way are we coming down on the side of Mike Ashley, but the fact remains he has ploughed millions into the club in recent weeks, something a Trust could never hope to achieve.
Former Liverpool supporter and Trust spokesman Mark Jensen (who edits the fanzine The Mag): “I think fans have every right to wonder if the 'Yes We Can' campaign can succeed, anything that is groundbreaking will attract doubt as to whether it's possible.
“The NUST have embarked on an initial six-week advertising and media campaign which will set out how the buy-out of the club can be successful if the fans get behind it.
“This is a very public campaign and it will be up to each individual and company to decide if they want to be part of it, we're very confident that over a period of time the vast majority will see it can succeed and will come on board to help reclaim their club.
“Mike Ashley has repeatedly stated he wants to sell the club and clearly there has been no credible interest, to fill that void NUST have taken up the challenge to lead the campaign to buy the club.
“This is not an overnight idea. Months of planning have brought NUST to this point following countless meetings with prominent local business, financial and civic leaders to fine tune the idea.
“Further details will emerge over the six-week campaign but if the fans can do their bit and show they have the appetite to raise a significant amount of money, local business people have given assurances that they can then do their bit to make this a reality.
“The first stage is to raise enough money to enable representatives to open up negotiations with the current owner, if we reach that point the rest is achievable.
“The response so far from supporters has been unbelievable, together we can do this and have a club we once again can all be proud of.”
Full marks to them for trying!