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Author Topic: CVA Payment  (Read 22797 times)
arthurhorsfield

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« on: Monday, November 20, 2006, 21:13:03 »

I wonder if this years £100k payment has been made yet?
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Reg Smeeton
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« Reply #1 on: Monday, November 20, 2006, 21:20:43 »

Ask Mark D, he's around here somewhere?
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Samdy Gray
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« Reply #2 on: Monday, November 20, 2006, 21:34:15 »

Thought the final payment was due this year? £900k?
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Reg Smeeton
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« Reply #3 on: Monday, November 20, 2006, 21:36:00 »

Quote from: "sam_stfc"
Thought the final payment was due this year? £900k?


 Technically that's in 2007.

  Presumably Arthur, if it truly is he, is alluding to the 2006 payment.
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arthurhorsfield

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« Reply #4 on: Monday, November 20, 2006, 21:37:37 »

It is and I am..due in May 2006..just wondering really?
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Samdy Gray
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« Reply #5 on: Monday, November 20, 2006, 21:41:58 »

Surely the club have made provision for it. They made a comment at the AGM that the CVA payments were up to date and there was no reason for shareholders to worry about future payments.
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RobertT

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« Reply #6 on: Monday, November 20, 2006, 22:07:27 »

we would know if it was late, it all goes very public when it's missed or even delayed
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arthurhorsfield

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« Reply #7 on: Monday, November 20, 2006, 23:54:49 »

call hacker Young they would know....
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deltaincline

« Reply #8 on: Monday, November 20, 2006, 23:57:01 »

Quote from: "RobertT"
we would know if it was late, it all goes very public when it's missed or even delayed


Doesn't the company administrator have to make a statutory legaly binding statement to the creditors and shareholders if a payment is missed or delayed? I am assuming that as we have heard nothing to that effect from Andronikou as yet, all is OK.
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RobertT

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« Reply #9 on: Tuesday, November 21, 2006, 09:34:35 »

Yes, I think you are right, he did that a couple of years ago wasn't it, when we delayed a payment by a couple of weeks.
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pauld
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« Reply #10 on: Tuesday, November 21, 2006, 10:25:30 »

And in any case, this question was asked at the AGM and we were assured that they were fully up to date with CVA payments. I know the board have a somewhat chequered record of telling the whole truth to the AGM (e.g. not revealing a winding-up order that had already been served several weeks prior to the AGM a couple of years ago), but surely they're not allowed to directly lie to the shareholders at the AGM? Surely that's illegal isn't it?
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RobertT

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« Reply #11 on: Tuesday, November 21, 2006, 10:52:09 »

anyway, the 100k ones are small fry, it's the big one in the summer that needs to be worried about - panic
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Sussex

« Reply #12 on: Tuesday, November 21, 2006, 11:10:23 »

Nah, sell Pook, that'll cover it.
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Bushey Boy

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« Reply #13 on: Tuesday, November 21, 2006, 11:16:39 »

fatbury would buy him......
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Panda Paws

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« Reply #14 on: Tuesday, November 21, 2006, 11:46:40 »

Quote from: "pauld"
And in any case, this question was asked at the AGM and we were assured that they were fully up to date with CVA payments. I know the board have a somewhat chequered record of telling the whole truth to the AGM (e.g. not revealing a winding-up order that had already been served several weeks prior to the AGM a couple of years ago), but surely they're not allowed to directly lie to the shareholders at the AGM? Surely that's illegal isn't it?


Yes, they'd be giving a false sense of the state of the business to shareholders ... so at an AGM they'd end up being voted back in by giving false information, so it would amount to fraud.

I've checked the London Gazette again and there are no notices since the 2005 one so we're ok for now.

If there are any problems like a winding up order that's the first place it'll come out ...
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