Ng's Sinaporeans deal with Ticketus - Blue Knights stepping aside

[Guardian 4,281]

that's a fanciful notion disproven in court.

Was it really ?

[Shane 338]

that's a fanciful notion disproven in court.

Mate, you can tout 10m interest free over nine years all you want, but that doesn't account for the cash flow required to keep the club running, nor the fact they're still relying on a fans' share issue.

[Sobatai 70]

that's a fanciful notion disproven in court.

My understanding was that the judge ruled that he was not in possession of sufficient knowledge to make a definitive judgement at the time, but ruled that if Ticketus was owed something, then it was an unsecured creditor.

[gunslinger 270]

Mate, you can tout 10m interest free over nine years all you want, but that doesn't account for the cash flow required to keep the club running, nor the fact they're still relying on a fans' share issue.

getting an overdraft in place is sensible and an underwritten share issue is not relying on fans cash. though it does oder a golden opportunity.

[gunslinger 270]

My understanding was that the judge ruled that he was not in possession of sufficient knowledge to make a definitive judgement at the time, but ruled that if Ticketus was owed something, then it was an unsecured creditor.

and they were indeed owed 27 million as proven by the published creditor pool.

the idea we owe them nothing has no basis in reality.

ffs the only 2 bidders that don't plan liquidation are doing a deal with them. no

one does a deal to pay money that's not owed.

[JM1872 3,708]

What's the latest today fellas? Any updates?

[Sobatai 70]

the idea we owe them nothing has no basis in reality.

As I've had occasion to say before, my own personal instinct is that both Whyte and Ticketus could be disposed of through the courts.

[gunslinger 270]

What's the latest today fellas? Any updates?

not a lot.

tbk still have a deal in place with ticketus.

bill ng doesn't yet.

d & p say they hope to find a mug to give them 500k by the end of the week.

[Sobatai 70]

What's the latest today fellas? Any updates?

Nothing substantive.

[gunslinger 270]

As I've had occasion to say before, my own personal instinct is that both Whyte and Ticketus could be disposed of through the courts.

quite possibly bit they haven't been yet. that's a fact.

tbk and ng also seem to disagree with you. at very least in a timely fashion.

[Shane 338]

getting an overdraft in place is sensible and an underwritten share issue is not relying on fans cash. though it does oder a golden opportunity.

Overdraft interest free too?

I only ask because RST would rather reprimand me for taking the piss in a tweet that didn't mention them rather than answer a simple question about their stance.

[gunslinger 270]

Overdraft interest free too?

I only ask because RST would rather reprimand me for taking the piss in a tweet that didn't mention them rather than answer a simple question about their stance.

I doubt its interest free but we don't know.

[gunslinger 270]

your openly hostile to the rst. I am not surprised they don't answer you.

[Shane 338]

I doubt its interest free but we don't know.

Well the fact TBK hasn't touted it as interest free would speak volumes...

See, the problem is people wanted to say, TBK has been open and told us everything and sent our all our mother's cards on their birthdays, but when push comes to shove there are just as many unanswered questions about their bid, and the answers we do have aren't pretty.

This was the problem with the Red card to liquidation bullshit: no, you can't flip our club into a newco tomorrow, but you can saddle it with debt and use an overdraft facility for operating expenses.

[Shane 338]

your openly hostile to the rst. I am not surprised they don't answer you.

They do answer me, just selectively. They deserve to be questioned if they fancy themselves to speak for all supporters, as they're happy to have reported in media outlets around the world. Trust me, I'm not the only one asking these questions.

At least they confirmed that Dingwall's statement is an RST position at large, as they've semi-distanced themselves previously depending on the circumstances.

[gunslinger 270]

Well the fact TBK hasn't touted it as interest free would speak volumes...

See, the problem is people wanted to say, TBK has been open and told us everything and sent our all our mother's cards on their birthdays, but when push comes to shove there are just as many unanswered questions about their bid, and the answers we do have aren't pretty.

This was the problem with the Red card to liquidation bullshit: no, you can't flip our club into a newco tomorrow, but you can saddle it with debt and use an overdraft facility for operating expenses.

and an underwritten share issue as well as the rest of the creditors paid of in the cva

[gunslinger 270]

They do answer me, just selectively. They deserve to be questioned if they fancy themselves to speak for all supporters, as they're happy to have reported in media outlets around the world. Trust me, I'm not the only one asking these questions.

At least they confirmed that Dingwall's statement is an RST position at large, as they've semi-distanced themselves previously depending on the circumstances.

that's good then.

[Shane 338]

and an underwritten share issue as well as the rest of the creditors paid of in the cva

Early indications from HMRC would say that they thought TBKs bid was insufficient, but let's gloss over that.

[gunslinger 270]

Early indications from HMRC would say that they thought TBKs bid was insufficient, but let's gloss over that.

yet d & p were about to make them preffered bidder. hmmmmmm

[Guardian 4,281]

and they were indeed owed 27 million as proven by the published creditor pool.

the idea we owe them nothing has no basis in reality.

ffs the only 2 bidders that don't plan liquidation are doing a deal with them. no

one does a deal to pay money that's not owed.

They might if it was to avoid a long court battle.

I'm sure someone posted that theory.

Also, re the share issue. Who is providing the funding to underwrite that ?

If TBK can't fund the purchase, then how can they fund a share issue they already know is doomed to failure and is merely a sop to the unwary.

there is still a whiff of CW about TBK.

[Shane 338]

yet d & p were about to make them preffered bidder. hmmmmmm

You are a fucking boomerang, mate.

[Shane 338]

I'm done with this shit for a bit. Until RST wants to answer to their lack of impartiality despite claiming the moral high ground the past month it's fucking useless because lapdogs like gunner here are just going to keep toeing the line. Fuck on with your share scheme, mate. Long may GerSave live! Wherever the account's being held these days....

[gunslinger 270]

They might if it was to avoid a long court battle.

I'm sure someone posted that theory.

Also, re the share issue. Who is providing the funding to underwrite that ?

If TBK can't fund the purchase, then how can they fund a share issue they already know is doomed to failure and is merely a sop to the unwary.

there is still a whiff of CW about TBK.

tbk are funding the purchase and underwriting the share issue. unless your getting into the realms of saying they are lying and I have zero interest in that line of attack.

if we had time which we don't perhaps ticketus could indeed be removed for nada. but as things stand they are very clearly a creditor for 27 million ish. that's not up for debate.

[gunslinger 270]

You are a fucking boomerang, mate.

indeed I am. its very simple stuff.

enjoy your break from the mad house.

[Shane 338]

indeed I am. its very simple stuff.

enjoy your break from the mad house.