Thetownend.com

I for one know that creditors have not been asked to attend a meeting

If nevertheless the company has difficulty in meeting its obligations under the CVA then it is possible to go back to the creditors for a variation of the CVA terms. As with the original terms a variation is effective only if it is agreed by 75% by value of creditors voting at a meeting specifically convened to consider the variation.

http://www.debthelpuk.co.uk/info/cva.htm



Check out items 38 and 39 in this document


www.accaglobal.com/pubs/members/professionalstandards/ monitoring/insolvency/sips/sip3.pdf

Seemingly Andronikou follows his OWN rules.

Think we are going to have to start pointing things out to Mr Andronikou. I might email him kindly pointing out that some of the 'busy bodies' are the creditors and slagging them off doesn't exactly aid renegotiating the CVA.

No.................. the way forward is to start highlighting stuff like this through the media

Get your letters flying in to the Adver, we know how much more effective that is that sending e mails to the club or Hacker Young

was there ever a definitive answer on whether renegotiating the terms of the CVA would incur a 10 point penalty from the football league?

There's a copy of the CVA proposal on the Trust website, I suggest Mr Andronikou might want to read it sometime within the next fortnight.

True, but I think Andronikou has got off pretty lightly and with people not personally contacting him allowed him to think he can say whatever he wants. A few emails to him might bang home the point that he's not untouchable.

No.........the FL declined to be drawn on hypothetic (sp) situations

Do we really want to chance it?

not afaik, the football league wouldn't comment on specific cases

He'll only ignore them any way, if it is in the adver then it is in the public domain for everyone to see and hear and can't be ignored.

Here here P2P

What if I was to, say, 'accidentally' sign him up to some email services?

theoretically speaking of course Sam that would be ace but obviously you wouldn't do such things as it is morally wrong and all that  :wink:

Ofcourse I wouldn't, I was only pondering. Obviously.

Glad to here it, I will drop Andronikou an email though as will be interested to see if I get a response

Does anyone think that if we were deducted 10 points that sturrock could end up leaving? it's something that's crossed my mind today.

don't know OBP, but if we lost 10 points there will be absolute uproar, given that the consortium have said from day 1 that they can pay the final bullet payment and the previous £100k too (i don't believe that has been paid yet either).

Yes i can imagine the uproar that it would cause, the fan's simply would not accept that and i don't think the board would be in sturrock's good books either.

Dont email andy cryer he went on holiday last night

The £100K has been paid

albeit riduculously late

I take it the creditors have been informed of Andronikou's intentions?

Section 10.1 of the CVA proposal states:

"(a) the Supervisors may convene meetings of creditors and meetings of members for the purpose of varying the CVA. To any such meetings, the following provisions shall apply:

"(b) not less than 14 days notice must be given to the creditors and members respectively insofar as they and their respective addresses are known to the Supervisors."

My point (in previous posts) exactly Sam

THink Andronikou is doing a bit of this!!!
http://www.cms.pentalk.org/images/public/stock/vetcall/head%20in%20sand.jpg

are you still in contact with councill fred? do they kjnow that the goodwill is still there?

Yes the do my friend