4 minutes ago, Howardroark said:

Just an update, KA has challenged the validity of the share recall.

So he's starting to shit his pants incase your people can't find a pen until 4.31pm tomorrow then

2 minutes ago, Howardroark said:

Just an update, KA has challenged the validity of the share recall.

typical of him

he must be sweating then

 

Edited April 1, 20197 yr by sleepingindian

2 minutes ago, Howardroark said:

Just an update, KA has challenged the validity of the share recall.

Good old King Ken!

Thats an admission that he's losing it tomorrow if you ask me!

Excellent.

1 minute ago, Howardroark said:

Just an update, KA has challenged the validity of the share recall.

On what grounds ? 

Just now, WestStandUpper said:

Thats an admission that he's losing it tomorrow if you ask me!

Excellent.

i'd agree with this.

and i see it as a good sign for H's mob. (although i dunno if thats good or bad yet)

5 minutes ago, Howardroark said:

Just an update, KA has challenged the validity of the share recall.

So I take it that this means Bassini has failed in meeting the requirements?

1 minute ago, Benny The Ball said:

On what grounds ? 

The issuer isn’t the original owner

Do you think he has grounds Howard?

Just now, Mr Grey said:

Hence the name SWEATY KEN 😀

maybe needs a bucket of cold water thrown on him

4 minutes ago, Howardroark said:

The issuer isn’t the original owner

Sorry to be thick, but who is the owner and who is the issuer ?

2 minutes ago, Howardroark said:

The issuer isn’t the original owner

Who actually owns the shares?

I understood that Dark Horse bought the debt but the shares remained under contract to Moonshift until the debt was settled?

If so is calling in the debt which presumably Dark Horse are entitled to do, not the same thing in effect as triggering KA's loss of share ownership to Moonshift at the time the debt is defaulted on?

9 minutes ago, Howardroark said:

The issuer isn’t the original owner

I'm guessing your boys had this all drawn up and done officially so it's watertight H ?

8 minutes ago, Howardroark said:

The issuer isn’t the original owner

Did you not see this coming? It was inevitable. Ken knows there is no prospect of a legal battle during which the club survives. So what now? Someone either deals with Ken or club goes to wall. Game of chicken. And I seriously hope its a case of nobody blinking. 

Is this good for your group @Howardroark

3 minutes ago, Sluffy said:

Who actually owns the shares?

I understood that Dark Horse bought the debt but the shares remained under contract to Moonshift until the debt was settled?

If so is calling in the debt which presumably Dark Horse are entitled to do, not the same thing in effect as triggering KA's loss of share ownership to Moonshift at the time the debt is defaulted on?

Burnden Leisure own the shares, ICI own Burnden Leisure.

@Howardroark Will the challenge stand?

Edited April 1, 20197 yr by Pricey

18 minutes ago, Howardroark said:

Just an update, KA has challenged the validity of the share recall.

does that mean he can stop it happening, or that for now, it happens and he can see us in court if he wants?

3 minutes ago, Sluffy said:

Who actually owns the shares?

I understood that Dark Horse bought the debt but the shares remained under contract to Moonshift until the debt was settled?

If so is calling in the debt which presumably Dark Horse are entitled to do, not the same thing in effect as triggering KA's loss of share ownership to Moonshift at the time the debt is defaulted on?

Surely the terms of the debt and all the legalities of it would go to Dark Horse on their purchase of it from Moonshift just the same as if Moonshift had kept it?

p.s. I'm not really a noob,  lurked for a long while and decided to finally post

2 minutes ago, Wigan White pt2 said:

Surely the terms of the debt and all the legalities of it would go to Dark Horse on their purchase of it from Moonshift just the same as if Moonshift had kept it?

p.s. I'm not really a noob,  lurked for a long while and decided to finally post

Belief that he should be informed of the novation of debt with the right to challenge 

this is purgatory... if he sticks a challenge in then surely we cant carry on? he'll be picking over the carcass of the club

3 minutes ago, Howardroark said:

Belief that he should be informed of the novation of debt with the right to challenge 

Would it have not been in KA's interest to challenge this immediately when he learned about the Dark Horse/Moonshift deal, if he thought he'd have a chance of winning it, instead of weeks later?

Sounds like a KA delaying tactic to me.

Edited April 1, 20197 yr by Wigan White pt2

This is ridiculous people playing games with the future of our football club, surely someone should be able to step in here and sort this mess out. If he's agreed in principle to the deal then let's do it. Ken is starting to get right on my tits now, it's time to pack up and go, your just being a greedy bastard. I hope he gets fuck all 

40 minutes ago, HomerJay said:

the players are always gonna be paid. no matter what.

Not on about the players, matchday staff 

1 minute ago, darrener said:

This is ridiculous people playing games with the future of our football club, surely someone should be able to step in here and sort this mess out. If he's agreed in principle to the deal then let's do it. Ken is starting to get right on my tits now, it's time to pack up and go, your just being a greedy bastard. I hope he gets fuck all 

agreed, that same person should also sort brexit, global warming and cheap holidays to mars too.