tisza
Well-Known Member
I'm out of touch maybe but who are the Tomes?
I'm out of touch maybe but who are the Tomes?Who is this guy?
Curveball - maybe SISU are in with RichardsonMaybe there's another option for Richardson?
I'm out of touch maybe but who are the Tomes?
He’s not as far as I’m aware. I wasn’t suggesting otherwiseDidn’t think Ashley was part of the wasps legends purchase.
They’re not. Joy and Derek don’t get on is putting things mildlyCurveball - maybe SISU are in with Richardson
What is Byng trying to say?
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What is Byng trying to say?
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Looks like he's expecting liquidation so has bid to the Council?
Suspect it’s also so Council any claim to have not had a bid from Sisu. Don’t know why he’d have inside info on Ashley’s bid falling through though.
Does that mean MAs bid is not expected to go through or is it just as a matter of course in case it doesn’t get finalised? Or is it just PR, “well we tried to put in a bid but it was all wrapped up before in secret?”Looks like he's expecting liquidation so has bid to the Council?
Or he is just doing it so IF it happens he can say "I bidded first"
Assume he means the Times, as in the newspaper given he also mentions the Mail.I'm out of touch maybe but who are the Tomes?
Does that mean MAs bid is not expected to go through or is it just as a matter of course in case it doesn’t get finalised? Or is it just PR, “well we tried to put in a bid but it was all wrapped up before in secret?”
It would then be unencumbered wouldn't it?The lease is worth a hell of lot more if it is reverted to the council.
Could be a legal challenge, but this is the contract the council signed.
Should have done their due diligence.
If I was Martin Reeves, and I'd come to the conclusion that the council leader was a bit... simple, then I wouldn't be telling him about initial meetings. I'd be thinking that the way to get what I wanted was to dazzle him with figures, presentations, whizzy graphics and everything that Reeves actually does well, to such an extent that Duggins would then be asking where does he sign, without actually having a clue what he was getting behind.
In short, I could well believe Duggins wouldn't know what was going on until a time that a proposal was properly worked up.
Something people have been asking for many yearsWhat is Byng trying to say?
Is it playing stupid with George Duggins...?I think at this stage 'playing stupid' is exactly what they think they have to do to try and get out of this shit storm, or at the very least use it as a tactic to finish what they're trying to do. It's about there only play, other than perhaps some mental gymnastics and careful wording.
It would then be unencumbered wouldn't it?
Ah ok. So given his history with writing things I hope he spell-checked his offer - probably making an offer for something CAL or CAL 2006Assume he means the Times, as in the newspaper given he also mentions the Mail.
Would it? Does “lease revert to council” mean its cancelled or it literally just moves ownership to the council with sub leases intact?
Ah ok. So given his history with writing things I hope he spell-checked his offer - probably making an offer for something CAL or CAL 2006
Reads like a few independent investors (probably Wasps fans) who didn’t understand what they were getting into. The fact that they’re trying to crowdfund their legal challenge doesn’t ring like they’re experienced investors with client lawyers in tow. I would suggest that experienced investors are more than happy to take the offer and recuperate the majority of their money chalking this one up to experience.View attachment 27228
Yeah, so it's not £15.8m to the bondholders. It looks like it is to all creditors.
It is also dependant on the charges over ACL being removed? I am guessing this is where they say to the Trustee "Can we remove it" and they say "yes m8".
What are the chances on the courts not agreeing to remove the charge? Isn't there also one for Compass the catering company?
It would then be unencumbered wouldn't it?
I still think the offer seems more than generous, tbf.It's only 45p in the pound to the bondholders if they get everything offered, but the deal as quoted on ADVFN is that the payment is split across *all* creditors.
I'm not clear on how much debt there is, but I seriously doubt the bondholders will end up with 45p in the pound if this goes through.
It's only 45p in the pound to the bondholders if they get everything offered, but the deal as quoted on ADVFN is that the payment is split across *all* creditors.
I'm not clear on how much debt there is, but I seriously doubt the bondholders will end up with 45p in the pound if this goes through.
I still think the offer seems more than generous, tbf.
Based on previous comments, I wonder if Tim Fisher does too...?
I still think the offer seems more than generous, tbf.
Based on previous comments, I wonder if Tim Fisher does too...?
Still don't think that's bad, given the state of things!If it across all creditors they wont even get 30 pence in fact probably much lower
If it across all creditors they wont even get 30 pence in fact probably much lower
Yeah that's the thing, it doesn't actually say what the bondholders alone would get. Which is a bit weird.
I am guessing it is purposely vague as to lead to confusion and to stop them kicking off too much?
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