Moderators Popular Post Casino Posted March 20, 2019 Moderators Popular Post Share Posted March 20, 2019 15 minutes ago, Spider said: Maximus I didn't realise you'd gone. He has now Again Link to comment Share on other sites More sharing options...
Guest Posted March 20, 2019 Share Posted March 20, 2019 1 minute ago, Casino said: He has now Again But what about tomorrow’s big announcement?! Link to comment Share on other sites More sharing options...
onlyoneawalker Posted March 20, 2019 Share Posted March 20, 2019 (edited) 9 minutes ago, Howardroark said: Exactly, he was preparing to let it just go to liquidation uncontested to try and force a sale in the next 7 days. The bidders wanted 14 days as security against him double crossing. In your opinion do you think ken deserves to make a few quid on flipping the club? Edited March 20, 2019 by onlyoneawalker Link to comment Share on other sites More sharing options...
Howardroark Posted March 20, 2019 Share Posted March 20, 2019 1 minute ago, onlyoneawalker said: In your opinion do you think ken deserves to make a few quid on flipping the club? If he can achieve a sale that satisfies all creditors in full then yes Link to comment Share on other sites More sharing options...
onlyoneawalker Posted March 20, 2019 Share Posted March 20, 2019 2 minutes ago, Howardroark said: If he can achieve a sale that satisfies all creditors in full then yes Fair comment Link to comment Share on other sites More sharing options...
Site Supporter RONNIE PHILLIPS Posted March 20, 2019 Site Supporter Share Posted March 20, 2019 47 minutes ago, MAXiiMUS said: Right then lads, it’s been a while Not long enough 😁 Link to comment Share on other sites More sharing options...
BUNBURY Posted March 20, 2019 Share Posted March 20, 2019 28 minutes ago, Bridger said: Howard does the new bidder have decent funds enough to take us forward Well Howard? Link to comment Share on other sites More sharing options...
beanfund Posted March 20, 2019 Share Posted March 20, 2019 22 minutes ago, Howardroark said: The idea was to box him in, to do that they needed 14 days due to notice period, without adjournment there wouldn’t be 14 days and without the bidder there wouldn’t be an adjournment. The whole point was to avoid negotiating directly with KA, they don’t have to do that now. Forgive me if I've got lost along the way, or if this has already been explained. But what is the mechanism for "the bidder" being able to progress this without having to negotiate with Ken ? Link to comment Share on other sites More sharing options...
Dr Faustus Posted March 20, 2019 Share Posted March 20, 2019 Does this mean the deal for Rhodes is back on? Link to comment Share on other sites More sharing options...
Howardroark Posted March 20, 2019 Share Posted March 20, 2019 Just now, beanfund said: Forgive me if I've got lost along the way, or if this has already been explained. But what is the mechanism for "the bidder" being able to progress this without having to negotiate with Ken ? At the point of 14 days they can claim the shares held as security, this gives them ownership without paying his ‘fee’. If Ken wants his fee then he sells to them. Two weeks gives a deadline for all parties to make the necessary transactions etc. Ken would’ve let this run in to liquidation and held them to ransom/let it go under. Link to comment Share on other sites More sharing options...
Howardroark Posted March 20, 2019 Share Posted March 20, 2019 3 minutes ago, BUNBURY said: Well Howard? They’ve proven they have £30M up front so...... Link to comment Share on other sites More sharing options...
Boo Posted March 20, 2019 Share Posted March 20, 2019 1 minute ago, Dr Faustus said: Does this mean the deal for Rhodes is back on? Where we're going....... Link to comment Share on other sites More sharing options...
Boothy Posted March 20, 2019 Share Posted March 20, 2019 (edited) Gary Rhodes catering contract for the kiosks Edited March 20, 2019 by Boothy Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 20, 2019 Moderators Share Posted March 20, 2019 8 minutes ago, Howardroark said: At the point of 14 days they can claim the shares held as security, this gives them ownership without paying his ‘fee’. If Ken wants his fee then he sells to them. Two weeks gives a deadline for all parties to make the necessary transactions etc. Ken would’ve let this run in to liquidation and held them to ransom/let it go under. Why did bwfc defend the order today Sorry if I'm being thick Link to comment Share on other sites More sharing options...
Duck Egg Posted March 20, 2019 Share Posted March 20, 2019 10 minutes ago, Dr Faustus said: Does this mean the deal for Rhodes is back on? Feeding off Veloso's through balls. We'll be unstoppable in League 1 Link to comment Share on other sites More sharing options...
BUNBURY Posted March 20, 2019 Share Posted March 20, 2019 9 minutes ago, Howardroark said: They’ve proven they have £30M up front so...... Thanks Link to comment Share on other sites More sharing options...
roybarker Posted March 20, 2019 Share Posted March 20, 2019 Suggest everyone calms down,take a chill pill and get a drink-all will be revealed in time in the meantime listen to the Saw Doctors sing To win just once,perhaps Parky should make it his anthem Link to comment Share on other sites More sharing options...
Howardroark Posted March 20, 2019 Share Posted March 20, 2019 7 minutes ago, Casino said: Why did bwfc defend the order today Sorry if I'm being thick To ensure the 14 day notice period expires before the next order. Link to comment Share on other sites More sharing options...
Moderators Zico Posted March 20, 2019 Moderators Share Posted March 20, 2019 (edited) 2 hours ago, gonzo said: Presume this has been posted but it’s pretty spot on. thought that was curly watts at first from the still image Edited March 20, 2019 by ZicoKelly Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 20, 2019 Moderators Share Posted March 20, 2019 5 minutes ago, Howardroark said: To ensure the 14 day notice period expires before the next order. Still not getting it Tell us what happens now S l o w l y Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted March 20, 2019 Site Supporter Share Posted March 20, 2019 29 minutes ago, Howardroark said: At the point of 14 days they can claim the shares held as security, this gives them ownership without paying his ‘fee’. If Ken wants his fee then he sells to them. Two weeks gives a deadline for all parties to make the necessary transactions etc. Ken would’ve let this run in to liquidation and held them to ransom/let it go under. Your last sentence says everything. Bloke's a massive cunt and the people talking to moonshift seemingly know this. Link to comment Share on other sites More sharing options...
Howardroark Posted March 20, 2019 Share Posted March 20, 2019 (edited) 13 minutes ago, Casino said: Still not getting it Tell us what happens now S l o w l y Ok Ken was not planning on defending the order today. That would’ve left 7 days to do a deal. Ken would’ve held all the power as anybody wanting to buy/save the club would have to pay him and then HMRC etc. He could’ve dictated his price effectively such was the desperation of the situation. By making themselves known last night and indicating they would pay Ken’s price, it gave him cause and valid reason to seek the adjournment, as without it the deal may not have been completed in time and he loses a pay day. It was also a condition of the buyer that the club not be under the WU order. What this now means is that Ken has a buyer at a price he is comfortable with. HOWEVER, if he messes them around they will simply refuse to deal with him and wait until the 3rd to take back his shares. They have the ability to take back the shares by novating (transferring) the ICI- Moonshift debt to themselves. Worth noting that Ken wouldn’t have known the debt had been novated until after the court hearing, or whenever Lee opens his post. Edited March 20, 2019 by Howardroark Addition Link to comment Share on other sites More sharing options...
Guest Posted March 20, 2019 Share Posted March 20, 2019 3 minutes ago, Howardroark said: Ok Ken was not planning on defending the order today. That would’ve left 7 days to do a deal. Ken would’ve held all the power as anybody wanting to buy/save the club would have to pay him and then HMRC etc. He could’ve dictated his price effectively such was the desperation of the situation. By making themselves known last night and indicating they would pay Ken’s price it gave him cause and valid reasonto seek the adjournment, as without it the deal may not have been completed in time and he loses a pay day. It was also a condition of the buyer that the club not be under the WU order. What this now means is that Ken has a buyer at a price he is comfortable with. HOWEVER, if he messes them around they will simply refuse to deal with him and wait until the 3rd to take back his shares. They have the ability to take back the shares by novating (transferring) the ICI- Moonshift debt to themselves. Worth noting that Ken wouldn’t have known the debt had been novated until after the court hearing, or whenever Lee opens his post. You'll be copying and pasting this every 10 minutes! Link to comment Share on other sites More sharing options...
barrycowdrill Posted March 20, 2019 Share Posted March 20, 2019 The Cunts been outcunted and I have a nice warm feeling in my stomach Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted March 20, 2019 Site Supporter Share Posted March 20, 2019 Just now, barrycowdrill said: The Cunts been outcunted and I have a nice warm feeling in my stomach Where I'm at. What goes around comes around. Link to comment Share on other sites More sharing options...
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