12 Apr 2012 23:47:49
Clutching at straws, first Craig Whyte then Paul Murray & Now Bill NG this will only end one way and everyone knows what that is...... SAD BEAR
Only winners seem to be D+P. Frustrated bear
D+P are date raping us. Sick of excuses. Get on with it. Angry Bear
Ng is quoted in todays Daily Record as saying that due to unexpected costs and new emerging creditors over the the last few days could undermine their bid
Yesterday Ng spoke of unexpected costs which might undermine his bid – while suggesting his group could take their millions elsewhere.
I simply do not believe any businessman in his right mind is going to buy the shares of a company that owes approx 134 million, when a new company could buy the assets for 34 million, and save themselves 100 million. The financial penalties for liquidation in the SPL are tiny compared to this amount.
D+P can not get on with it until the BTC debt is confirmed, all debts must be consolidated in the CVA, the tax debt is still as yet unknown and all bids are conditional of this debt. Stop moaning about the administrators, its some kind of syndrome amongst Gers fans.
The unexpeced creditor is CW and his 30 million floating charge, game over.
Why would HMRC go for liquidation Rangers have assets of 120mill on the book. Secured creditors WHYTE(30mill) PLAYERS/STAFF contracts must be payed in full (80mill) leaving 10mill to creditors pot if they get full book price LOL (these pages are absolute murder when weans are off school )
HMRC WILL GO FOR LIQUIDATION IF THEY GET MORE FROM AN ASSET SALE AGAINST A PURCHASE OF THE SHARE CAPITAL OF THE COMPANY UNDER A CVA.
" why would hmrc go for liquidation"
If you go into liquidation legal disputles about who owns what (Whyte, Ellis, Ticketus, new owner. does Murrey own the Albion and Murrey Park etc) will rumble on for years. This could put a big spoke in the new co wheel
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