Can Someone......

[STFC4LIFE]

Please explain the whole reason we have the CVA etc,
Sorry to be a pain but I just tried to explain it and im getting confused.

[red macca]

we had loads of debt

could not afford to repay it

all creditors agreed to accept so many pence in the pound as a repayment.

every june ( i think) we had to pay a £100k

£900k due tomorow

now we have got micky ds mate to sub us

more shit for the next few years

Bye bye bill thanks for the interest good luck wherever you go

[STFC4LIFE]

Cheers Macca

[lebowski]

the fact that the CVA is going to be resolved doesn't affect the takeover at all.

if BP's investment is legally proven to be a loan (or more importantly, is not proven to be shares), he'll demand that money back immediately. when "swindon town football club" (as the board are now calling themselves) cannot pay this amount on demand then BP will say "okay, well we'll knock that off the amount you're going to accept for the club and call it evens". then the takeover goes ahead as planned.