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Author Topic: what if BP's investment WAS to buy shares?  (Read 8221 times)
herthab
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« Reply #45 on: Wednesday, June 13, 2007, 13:02:31 »

Quote from: "OOH!  SHAUN TAYLOR"
I will try to sum up this rather sorry affair through a scene from The Simpsons. (It helps me understand things):

Burns, Smithers and Homer escape to Cuba with the only trillion dollar bill ever made and they get to meet Castro:

Castro: Let me see that.

Mr Burns: See with your eyes, not with your hands!

Castro: Please! We are all amigos here!

Homer: Mr. Burns, I think we can trust the President of Cuba!

Mr. Burns: (hands over the money)..... now give it back!

Castro: (holding recently lit cigar) Give what back?



So MD is Fidel Castro........ Cheesy
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horlock07

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« Reply #46 on: Wednesday, June 13, 2007, 13:19:49 »

Wasnt the whole firming up of the legalities of Bill's investment supposed to be sorted at the start of the season, then the plane crash put paid to all that.

The more interesting things is what happened following the crash, as they all appeared to be mates, then the crash and it all went down hill from there on in?
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genf_stfc

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« Reply #47 on: Wednesday, June 13, 2007, 13:23:47 »

is this where we find out that the money from fallon's transfer was spent on a stinger anti-aircraft missile ?
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SwindonTartanArmy
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« Reply #48 on: Wednesday, June 13, 2007, 13:23:58 »

Quote from: "horlock07"
Wasnt the whole firming up of the legalities of Bill's investment supposed to be sorted at the start of the season, then the plane crash put paid to all that.

The more interesting things is what happened following the crash, as they all appeared to be mates, then the crash and it all went down hill from there on in?

I sense another consipracy theory!
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« Reply #49 on: Wednesday, June 13, 2007, 13:25:23 »

Quote from: "herthab"
Quote from: "OOH!  SHAUN TAYLOR"
I will try to sum up this rather sorry affair through a scene from The Simpsons. (It helps me understand things):

Burns, Smithers and Homer escape to Cuba with the only trillion dollar bill ever made and they get to meet Castro:

Castro: Let me see that.

Mr Burns: See with your eyes, not with your hands!

Castro: Please! We are all amigos here!

Homer: Mr. Burns, I think we can trust the President of Cuba!

Mr. Burns: (hands over the money)..... now give it back!

Castro: (holding recently lit cigar) Give what back?



So MD is Fidel Castro........ Cheesy


You may say that, I could not possibly comment. Other than to say, they have never been seen in the same room together Wink
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neville w

« Reply #50 on: Wednesday, June 13, 2007, 14:47:25 »

Quote from: "herthab"
Quote from: "OOH!  SHAUN TAYLOR"
I will try to sum up this rather sorry affair through a scene from The Simpsons. (It helps me understand things):

Burns, Smithers and Homer escape to Cuba with the only trillion dollar bill ever made and they get to meet Castro:

Castro: Let me see that.

Mr Burns: See with your eyes, not with your hands!

Castro: Please! We are all amigos here!

Homer: Mr. Burns, I think we can trust the President of Cuba!

Mr. Burns: (hands over the money)..... now give it back!

Castro: (holding recently lit cigar) Give what back?



So MD is Fidel Castro........ Cheesy


And we used to be sponsored by Castro (L)  Coincidence ? - I think not !
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red macca

« Reply #51 on: Wednesday, June 13, 2007, 15:11:25 »

Quote from: "herthab"
Quote from: "OOH!  SHAUN TAYLOR"
Quote from: "RobertT"
I think Si Pie mentioned that you don't need to have paperwork on loans (if they have no repayment terms built in) to a business because the Article of Association for the business should have a section on how Director loans are treated.


Well, if I was in the position of chucking 1.2 million into a club, I would want the terms of it signed and whitnessed, carved into a stone tablet and sealed in a bank vault in Switzerland. There would be no grey (Gray?) areas. That's all I will say about it :shock:



I agree with OST.

There might be no legal need, but surely if you parted with that amount of money, you wouldn't do it without first obtaining proof as to what is was for?

This is all becoming a farce.........................
Exactly what i thought.I cant understand how some legal form was not signed with solicitors present.It just seems so simple
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pauld
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« Reply #52 on: Wednesday, June 13, 2007, 15:39:20 »

Quote from: "horlock07"
Wasnt the whole firming up of the legalities of Bill's investment supposed to be sorted at the start of the season, then the plane crash put paid to all that.

The more interesting things is what happened following the crash, as they all appeared to be mates, then the crash and it all went down hill from there on in?

No, it went public after the crash, they'd fallen out before that. This is what we set out in the meeting at the Railway Museum, which at the time the club rubbished in the various October statements, then it turned out to be true. A little bit like the "shares/loan" debate we're having now in fact ....
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Simon Pieman
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« Reply #53 on: Wednesday, June 13, 2007, 15:48:00 »

We'll see if a signed agreement was required when it goes to court I guess.

From a legal sense I couldn't see it adding to a case.
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Ardiles

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« Reply #54 on: Wednesday, June 13, 2007, 16:19:04 »

Speaking of which...no word yet from Bill P regarding the legal action.  Nearly a week now since he upped the stakes.
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« Reply #55 on: Wednesday, June 13, 2007, 16:31:41 »

Quote from: "simon pieman"
We'll see if a signed agreement was required when it goes to court I guess.

From a legal sense I couldn't see it adding to a case.


Why not?Huh???

Please explain.

In doing so, please bear in mind that I'm a bit simple.

Thankyou.
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« Reply #56 on: Wednesday, June 13, 2007, 16:32:34 »

Quote from: "Ardiles"
Speaking of which...no word yet from Bill P regarding the legal action.  Nearly a week now since he upped the stakes.


Hmmmm.....moderately worrying after last week's bullish statement :?
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lebowski

« Reply #57 on: Wednesday, June 13, 2007, 17:07:48 »

if the board are so sure that it's shares, why are they asking BP to sign to say so in the NDA? that would suggest to me that they don't have documentation to back it up.
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« Reply #58 on: Wednesday, June 13, 2007, 19:09:31 »

Quote from: "lebowski"
if the board are so sure that it's shares, why are they asking BP to sign to say so in the NDA? that would suggest to me that they don't have documentation to back it up.


Similarly, BP would not seem to have documentation to say it was a loan which is causing me a certain amount of befuddlement.

Somebody help :shock:
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STFC Bart

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« Reply #59 on: Wednesday, June 13, 2007, 19:35:37 »

You do not need documentation to prove it is a loan in a court of law.


Any investment made if there are no share certificates/documentation to back it up automatically defaults and is treated as a loan.Thats the law
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