nestegg wrote:
So tell us Mat how can a club owner and virtual sole BB17 shareholder rack up huge debts against himself, in particular debts now rumoured to be a mid to high six figure sum?
We have good reason to believe AC had no substantial funds, and thus could not in all likelihood have lent the club any meaningful money. He did not (as far as far as we are aware) take out any direct/ indirect Director loans, and did not provide any services of note to the club. Moreover, his own (in effect liquidated NZ recruitment company) were a club sponsor - Lowie Recruitment.
Spoke to a partner at KPMG earlier today who is a friend of Charles' and they just couldn't see how AC could be a major 'creditor'. That said, due to the abridged nature of the sole BB17 accounts published to date it is nigh on impossible to identify any big ticket cost items in and out of the Profit and Loss Account.
It all seems to be a perverse way of legitimising the alleged scam that is AC writing off his allegedly fabricated gargantuan debt in return for a purported 7% share in the BB17 business moving forward. A 'business' which in any event is literally on it's knees and at this time is we aver grossly insolvent.
That said, 'we' as always will we willing to be proven to be 100% wrong. We are all ears.
So would we buy a 2020 Bulls season ticket for cash at this time?
NO, yet remarkably some 15 plus fans shelled out circa £3000 plus in hard earned cash during the forum events. If (or when) the club goes belly up we trust that Wood and Sawyer will repay those poor souls in full. If not, our new and credible consortium will fully honour their season tickets (ideally at Odsal), and in addition we will definitely offer 100% free coach travel to any home games at the Tetley's stadium.
And what is Stuart Duffy still doing there? We know why, and would like to explain what we know in that regard in due course in court, where we would of course have the benefit of full legal privilege.
I have had my disagreements with some toxic shits on this forum but you really are the worst. Your partner in Peats (I was a Management Consultant there 30 years ago) should understand that either AC or a mate of his put in the amounts owing over 1 year (£670K iirc I cannot be bothered to check back).
From what I have seen of your posts, I think that someone has stuck a Dictkionary of Business Truisms up the exit end of your alimentary canal with such force the bullshit truisms come bursting forth from your mouth and brain. In one post you are saying that the creditors are overwhelming, in the next sentence you are accusing the new consortium of asset stripping. You wouldn't know an Arset stripper if he waved his dong at you off the top of the City Hall.
You have read Mein Kampf, haven't you. The bit where Adolf says the Big Lie is best (echoes of Boris) because it sticks iin the mind, and the little lies all resonate with the big lie. My conclusion is therefore that the business truisms are the small lies, and you PEST-NEG are the big lie.
