Business logic of SISU (1 Viewer)

[dongonzalos]

ACL wanted 1.2 million from them and attempted to put the company that owed them the 1.2 into administration in order to get it.

They have always argued it is only 700k

It seems they are legally correct on that matter if they are not staying at the Ricoh going forward.

So they have a choice pay ACL 600k and stop the administration process

Or

Use ARVO to put yourself and the subsidiary holding the golden share into administration.

Bid for your own debt and pay the costings of the administration process ( 6 months) 500 k administrator fees plus legal fees on top. Open up the risk of others coming sniffing.

They are either very very bad at business

Or they think spending about 3 million on a tactical move is worth it to not give ACL 600k and distress ACL further.

 

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[dekker]

doesn't add up does it.

they are basically trying to force acl into admin so they can pick up the stadium on the cheap...that's why they witheld the fees.

this is how SISU do business:

Hedge fund Sisu Capital bid for several debt-ridden football clubs, before
saving Coventry City FC from administration this year.





The mysterious Mayfair fund, co-founded by traders Joy Seppala and Dermot
Coleman, made pre-tax profits of £17m last year, primarily by buying up bad
debt.





The fund often resorts to hard-ball courtroom tactics to get what it
wants.





Sisu's glamorous Finnish-American chief executive, Ms Seppala, has been
described as one of the stock market's boldest traders. Indeed, Sisu means
"inner fortitude, strength and guts" in Finnish.





The fund blocked a £381.5m refinancing deal for troubled hotel chain Welcome
Break in 2004, securing full pay-outs for creditors. But Ms Seppala was
censured by a High Court judge in 2006 when Sisu's bid for a better deal from
debt-ridden power company TXU Europe failed.

 

[fernandopartridge]

ACL wanted 1.2 million from them and attempted to put the company that owed them the 1.2 into administration in order to get it.

They have always argued it is only 700k

It seems they are legally correct on that matter if they are not staying at the Ricoh going forward.

So they have a choice pay ACL 600k and stop the administration process

Or

Use ARVO to put yourself and the subsidiary holding the golden share into administration.

Bid for your own debt and pay the costings of the administration process ( 6 months) 500 k administrator fees plus legal fees on top. Open up the risk of others coming sniffing.

They are either very very bad at business

Or they think spending about 3 million on a tactical move is worth it to not give ACL 600k and distress ACL further.

You are a proper attention seeker - a few people had identified that distressing ACL was SISU's only option months ago.

 

[dongonzalos]

You are a proper attention seeker - a few people had identified that distressing ACL was SISU's only option months ago.

Thanks.....,