clint van damme
Well-Known Member
It means Coley88 has to tell his missus he's spunked their early retirement pot on a ponzi scheme
What does that mean in English?
Least a football fan would spend it on Coke, beer and prozzies.It means Coley88 has to tell his missus he's spunked their early retirement pot on a ponzi scheme
Street said no, to Wasps
Street said no
Street said no, to Wasps
Street said no
Ohhhh Wasps, Street said no
What's he said?Street said no, to Wasps
Street said no
Street said no, to Wasps
Street said no
Ohhhh Wasps, Street said no
Not that simple I don’t think
Not that simple I don’t think
Maybe we can all do that with our energy bills?company voluntary arrangement
A company voluntary arrangement (CVA) is a procedure that allows a company: To settle debts by paying only a proportion of the amount that it owes to creditors. To come to some other arrangement with its creditors over the payment of its debts.
Maybe we can all do that with our energy bills?
What a disasterloving shugs pretending a cva is totally normal and fine
Is he using the Tim Fisher 'normal business practice' lineloving shugs pretending a cva is totally normal and fine
I would imagine that as with our administration they've got everything lined up so they can control the process and get the outcome they desire. The bond holders are potentially the issue, can't see that they'll just accept a part payment when they have the security of the stadium, well lease, unless of course its not worth as much as Wasps claimed and doesn't actually cover what they are owed.So what odds are on this being the demise of wasps?
Oi. Wasps maybe. I've been to Twickenham three times (many many years ago, never again) and I'm an ex dirty stinky milling machine operator, so you can fuck right off with the rest of that.I read it and thought it perfectly fitted my perception of Wasps and rugby fans in general.....management consultants who probably attend "Twickers"
It means Wasps are in the shit and the bond holders know they are. Double shit.What does that mean in English?
Also with a CVA wouldn't the management that have created this situation remain in place? Wouldn't appeal to me as an investorHow would administration or CVA work with the bond? If they just turn round to bondholders and say, for example, we'll give you 50p in the £ why would they accept when they have security? Unless there's not enough security to cover the bonds you're not accepting less are you?
How would administration or CVA work with the bond? If they just turn round to bondholders and say, for example, we'll give you 50p in the £ why would they accept when they have security? Unless there's not enough security to cover the bonds you're not accepting less are you?
It can be the first step to LiquidationSo does CVA suggest insolvency and possible administration?
They think they have,They don’t have actual security it’s not that straightforward
They think they have,
How would administration or CVA work with the bond? If they just turn round to bondholders and say, for example, we'll give you 50p in the £ why would they accept when they have security? Unless there's not enough security to cover the bonds you're not accepting less are you?
The security though isn't the actual lease is it? just the proceeds from the sale of it
The way security was written about in the prospectus always seemed a bit off to me but I assumed it was just going over my head and as I wasn't about to hand them thousands of my own money not an issue.They don’t have actual security it’s not that straightforward
A big red flag for more with the security has always been who they were going to sell the lease for at anything like the amount its been valued at.The security though isn't the actual lease is it? just the proceeds from the sale of it
I think the bondholders' might be lower on the order of precedence in creditors than Richardson himself
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?