mitre_mouldmaster 21,509 Posted February 18, 2014 Share Posted February 18, 2014 Bawsburst is alright, and that comes from someone who never stops fighting with him.I think everyone knows that he pretends to know more about what is going on than he actually does, but at the same time does know some details that he must be getting from a source. It's just his interpretation which tends to be way off.Anyone that takes him seriously needs to have a look at themselves.He is a WUM, but it's your own fault if you take the bait. Quote Link to post Share on other sites More sharing options...
SkiBunny 441 Posted February 20, 2014 Share Posted February 20, 2014 He's well and truely stuck his neck on the line this timeWhen nothing happens he should be phased out and hopefully no one buys the Record again as it will have lost all credibilityIt could be and is messing with the share price, someone ? some group ? appears to be trying to force a run on the price, no other explanation for the constant attempts to destabalise the club.Seems like jackson and King were right after all. ;( Quote Link to post Share on other sites More sharing options...
bawsburst 1,381 Posted February 20, 2014 Author Share Posted February 20, 2014 Seems like jackson and King were right after all. ;(Right about what, ffs they can't even decide what day it is.... lol... Quote Link to post Share on other sites More sharing options...
SkiBunny 441 Posted February 20, 2014 Share Posted February 20, 2014 Right about what, ffs they can't even decide what day it is.... lol...Right about there being a cash flow problem. Quote Link to post Share on other sites More sharing options...
willygers4life 1,031 Posted February 20, 2014 Share Posted February 20, 2014 Right about there being a cash flow problem. Is there anything stated from the club there is a cash flow problem or maybe they just boosting cash reserves. Quote Link to post Share on other sites More sharing options...
Johnny Hubbard 280 Posted February 20, 2014 Share Posted February 20, 2014 Is there anything stated from the club there is a cash flow problem or maybe they just boosting cash reserves.is "working capital" cash reserves ? Quote Link to post Share on other sites More sharing options...
Carson's cat 744 Posted February 20, 2014 Share Posted February 20, 2014 Is there anything stated from the club there is a cash flow problem or maybe they just boosting cash reserves.There IS a cash flow problem and it's happened two months' earlier than our former FD predicted. Quote Link to post Share on other sites More sharing options...
cushynumber 25,178 Posted February 20, 2014 Share Posted February 20, 2014 is "working capital" cash reserves ?A company can be endowed with assets and profitability but short of liquidity if its assets cannot readily be converted into cash. Positive working capital is required to ensure that a firm is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses.My guess is that its being used for operational expenses, just as the IPO money was. If you were being unkind you could say its being used to keep us going in the short term.We cant keep doing this - no company could. Therefore there must be something in the pipeline. Interestingly our share price has gone up. Quote Link to post Share on other sites More sharing options...
elephants stoned 2,994 Posted February 20, 2014 Share Posted February 20, 2014 . Quote Link to post Share on other sites More sharing options...
10pshortof17pound 2,478 Posted February 20, 2014 Share Posted February 20, 2014 There IS a cash flow problem and it's happened two months' earlier than our former FD predicted.Why is it a cash flow problem? There was a £2.5m credit line in place, presumably from our current bankers (Metro, I think) - for which we will have to date paid a hefty non-utilisation fee. Wallace, who has come across as a very shrewd cookie has probably chosen not to renew that facility and rather elected to raise shareholder funds at a figure that is £1m lower and undoubtedly on more favourable terms. Quote Link to post Share on other sites More sharing options...
Fox 50 Posted February 20, 2014 Share Posted February 20, 2014 Jackson is a fucking rattler Quote Link to post Share on other sites More sharing options...
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