Disgruntled Collingwood member David Hatley has back-flipped on plans to force an Extraordinary General Meeting.

Hatley was informed he required 13-15,000 signatures in order to launch an EGM, and has helped achieve more than double that amount since the beginning of his campaign.

However, in a statement he released in the early hours of Thursday morning, Hatley revealed he would no longer be pursuing a spill of the board.

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"Obviously for stability and continuity reasons this [current] board doesn't want an EGM",  Hatley said on Tuesday morning.

"In my position as leading this group I have been exposed to so many people involved at Collingwood over the last few weeks, including past players, past directors and members from all categories all with differing views about an EGM".

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"I have been absorbing all these views and with the current situation of needing to appoint a new coach, it was my belief, and even some others within the group, not to push on with EGM as it's a critical time for the club to nail this decision.

"All along I have said I didn't want to burn Collingwood down, but have open dialogue with the club to get the best for all at Collingwood".

Despite the four-decade member's decision to cease action, The Age reported on Thursday the push for an EGM is set to proceed, with Hatley handing over the signatures to others who had been working with him.

"Further to my correspondence [on Tuesday]," Hatley tweeted on Thursday morning.

"The EGM signatures have been handed over to the remaining members of the group I was formerly part of. It’s now their decision how/if/when they will proceed".

23-year Magpie member Vic Nicholas - a real-estate agent - confirmed that he and others were pushing on with Hatley's initial crusade.

"We will be pressing forward for the simple fact that 23 years without elections at any organisation, it doesn’t sit well", Nicholas told The Age's Daniel Cherny.

"From my perspective, there needs to be more accountability".

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The continuing surge for an EGM bodes well for Collingwood board-hopeful Jeff Browne, who is reportedly looking to overthrow incumbent Magpies president Mark Korda.

It has been said that the former Channel 9 managing director would prefer a "peaceful handover", with Browne looking to secure four of a possible seven seats on the club’s board.