Sacktheboard

Quoted post

SemperFi

#51

2013-11-23 06:55

Various questions:
How can you be found guilty in a civil action?
What has Easdale done to deserve the insults?
How is buying property squandering money?
How is money spent on property turned into a loss? The property is still there.
How is a club with money in the bank and an overdraft facility in place approaching bankruptcy?
How are so many bluenoses reducing their argument to spivs out? Could it be that there is no other argument?

Replies


Guest

#54 Re:

2013-11-23 09:21:00

#51: SemperFi - How can you be found guilty in a civil action?

Semantics Semper, the board failed to discharge their statutory obligations and were ruled against by Lord Trye.

 


Guest

#55 Re:

2013-11-23 09:31:47

#51: SemperFi - What has Easdale done to deserve the insults?

Who is insulting them ?

Sandy is a convicted fraudster, fact.

James was on the board that were ruled against by the Court of Session.

Both have a well deserved reputation in Inverclyde.

They are the latest front (with their own interests aswell) for the mysterious shareholders and friends who have been organising things. They came in to replace Green.

They made deals with Green prior to the IPO that in time may prove not to be squeaky clean.

They use Jack Irvine (as did the long cast of spivs to grace Ibrox) meanwhile there is absolute silence from them.

I could go on but people will start to get the picture.

 

 


Guest

#56 Re:

2013-11-23 09:35:51

#51: SemperFi - How is buying property squandering money?

The 14M loss in the accounts was seperate to one off figure of 4.2M which I believe included the property aquisitions.

The 5M costs in a 22M IPO is representative of how this board work, the 22M already having gone.

 

 


Guest

#57 Re:

2013-11-23 09:40:18

#51: SemperFi - How is a club with money in the bank and an overdraft facility in place approaching bankruptcy?

Who is providing the 2.5M unsecured loan ?

On what terms ?

Because other loans that have been provided to the club by the spivs have proved extremely expensive.

 

Do the arithmetic

With a 22M IPO, we post a 14M loss.

The unsecured overdraft facility is for 2.5M

 

Where is the investment coming from ?

 


Guest

#58 Re:

2013-11-23 09:45:14

#51: SemperFi - How are so many bluenoses reducing their argument to spivs out? Could it be that there is no other argument?

'Spivs Out' describes it very well.

James Easdale and Stockbridge off the board.

Sandy Easdale off the club board.

The new spiv appointments DS and NC can leave aswell with the new CEO up for debate.

 

There are many arguments as to why that be the case, perhaps you've been hibernating these past few years.