Holt: We have insufficient Funds To Continue Trading

[Fred Elliot]

how long does it take from a wup being ordered to a company being closed down?

It's beyond that now.

Holt's admitted we don't have the funds to keep trading = insolvent.

That means it's illegal to keep trading and they'll have to call the liquidators in (not that there's any real assets to liquidate).

It's game set and match.

ANY PROTESTS ARE FUTILE..............UTTER UTTER FUCKING FUTILE

WE HAVE LOST, IT'S AS SIMPLE AS THAT

I HAVE LOST THE WILL TO DO ANYTHING

BUT I PUT DIAMANDIS ON NOTICE NOW


I'LL FIND YOU................................I FUCKING PROMISE

[OneAndrewFitton]

Diamandis will be hunted down by a few really angry fans who don't care about consequences.

[ghanimah]

Diamandis will be hunted down by a few really angry fans who don't care about consequences.

A few mentioned that on thisis and the thread got deleted.  

[Jesus Loves Porn]

Surely the fact they can use the company as a tax write off means it is worth something to them.

Nice theory, but just how would they do that?

Depends on the exact company structure of an overall group. I am not sure if any part of the club is tide in with other areas but it is feasible to use the losses of the club against another areas profit.

It fully depends on the company structure but it wouldnt suprise me if the club is tied up in some way in a tangled web.

Either way there must be a financial reason not to allow the club to be sold. If wound up then the clubs accounts will be looked at very closely by supporters, creditors and the FA. Anything being hidden now will come out whatever. I am sure they are well aware of that so there is no point in not selling just to hide activities.

[horlock07]

What is Andronikou's role in all this, has he actually said anything as I cannot see that he is acting in the best interests of the creditors by allowing the directors to refuse what is essentially payment of the debt.

Sadly I do think its all too late and its game over time.

[OneAndrewFitton]

Holt makes me laugh saying the wills have spoken to another interested party, no-one is going to pay them anymore then Fitton plus it's too late for all the takeover due dilligence crap, far too late, it's Fitton or nothing.

[Simon Pieman]

Surely the fact they can use the company as a tax write off means it is worth something to them.

Nice theory, but just how would they do that?

Depends on the exact company structure of an overall group. I am not sure if any part of the club is tide in with other areas but it is feasible to use the losses of the club against another areas profit.

It fully depends on the company structure but it wouldnt suprise me if the club is tied up in some way in a tangled web.

Either way there must be a financial reason not to allow the club to be sold. If wound up then the clubs accounts will be looked at very closely by supporters, creditors and the FA. Anything being hidden now will come out whatever. I am sure they are well aware of that so there is no point in not selling just to hide activities.

The club does not own any subsidiaries and is owned 70% by the holding company. No losses could be passed between the two, not that it matters, they both run at a loss.