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Sicknote

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    Irvine

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  1. BOSS - MEDIAHOUSE - the Main Stream Media and everyone else with the slightest Scooby on this site KNOW IT! The support today, knew it! Despite the result, there was a realisation of our situation. We've missed our chance to save the club, we HAVE stood IDLY by while the club has died. Yesterdays ruling confirmed everything we already knew, our debts are massive and no-one is going to pay them for us. The pitiful amount paid into the Fan Fighting Fund confirms a share issue would be a complete failure. It would probably cost more to implement than it would raise. We need to accept what has happened and move towards a new beginning. If you disagree, then put your money where your mouth is. We have no serious bids after 5 years, NOT 5 weeks. OUR OWNER IS CRAIG WHYTE - HE HAS NOT LEFT THE CLUB!!! Before I get all the 'why today' pish! Your head has been in the sand for a decade, go bury it in another thread if you don't like this one!
  2. We all wish you were right, but your not. Whyte is still the majority shareholder and will need to be bought out. Ticketus will play a big part in our future, they have £30M of 'their' money tied up. They won't be walking away.
  3. It's called debate. Some of us want to know what's going on. Accepting the positive spin is a big part of why we are in this mess. We as a support should be active in getting to the truth and influencing the future. Today was very much a mixed result, that should not be lost in the postive PR job being done by the club/D&F.
  4. Don't they have to find a balance between the creditors and the company. This seems very weighted in favour of the company.
  5. No chance? You sound very sure. If a potential new owner is only bringing £10M for the CVA, surely liquidating the assets would provide a bigger return.
  6. Increasing the creditor debt by £30M will make 'a big difference' to the creditors 'as a whole'.
  7. We have room to 'rip up the contract' with the consequence they will be an 'ordinary' creditor, and only if it benefits all the creditors and the company. Ticketus would contest this, chasing Whyte would be a last resort, considering that as a creditor they have an opportunity to recoup money through a CVA or liquidation. Would you chase Whyte for the money?
  8. The don't have to accept a percentage. They have 10's of millions of shareholders money tied up in our club. They will fight this at every level and will be an angry creditor at best. Liquidation may see them get a better return than a pence in the pound CVA. This was round 1, we didn't knock them out.
  9. What huge debts? Ticketus is effectively £27M + what TBK intend to borrow. HMRC is £15M + the BTC. Add this to a £1M monthly shortfall. Granted the wee creditors will get shafted in a CVA. But, we also have no european income.
  10. They can dress it anyway they want. Effectively it will amount to the same. We have huge debts, we do share issue to raise money, debts reduce. They can say the money came from season book sales or other streams, but all out of the same pot. Ticketus will have to be paid and it won't come from TBK's pockets.
  11. Got to agree with Guardian. TBK obviously don't have the funds or are unwilling to invest at high level. Their plan relies heavily on a fan share issue. I'm not convinced under these circumstances it would be successful. To ask the fans to raise 10's of millions to pay off debt to ticketus and get a wee bit of paper in return, will be a very hard sell. Would assume we'd be in an arrangement to settle our debt to HMRC. All this while the squad will be going through a downsizing.
  12. The contract is between the club and ticketus. Our man in court is the best in the country, if there was a easy way out he would have found it.
  13. Caught that. Was thinking I'd missed a direct attack on us. Fully expect him to be reprimanded.
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