GTST - The Next Chapter

Quoted from 1600

I'm simply seeking clarification about your comment on the other thread:

http://www.thefishy.co.uk/cgi-bin/forum/Blah.pl?m-1316901906/s-0/#num12

What do you mean "I really can't see any alternative" ?
You can't see any alternative to selling the ground ?

Well what I said is quoted below:

"Well if we had saleable assets we wouldn't be entering a CVA if that's what it came to.  If both JF and MP continue with their current stance I really can't see any alternative to be honest."

I think it's fairly clear from that quote that what I'm saying is I can't see any alternative to a CVA!!

Thanks for clearing it up, but I wouldn't say it's exactly crystal clear.

Anyway, haven't we got some saleable assets ?
What happens if the CVA doesn't get accepted by the creditors ?
Even if it does, how can we ever hope to ever repay it if we're losing money hand over fist ?

Maybe you can allay my concerns but I'm worried the ground could be in long term danger whatever we do.

[quote=1600]Thanks for clearing it up, but I wouldn't say it's exactly crystal clear.

Anyway, haven't we got some saleable assets ?
What happens if the CVA doesn't get accepted by the creditors ?
Even if it does, how can we ever hope to ever repay it if we're losing money hand over fist ?

Maybe you can allay my concerns but I'm worried the ground could be in long term danger whatever we do.[/quote

I don't understand you. If a CVA was accepted the debts would be repaid at x amount in the pound and at the end the debts would be wiped out. Why would the ground be sold?

Quoted from 1600

Thanks for clearing it up, but I wouldn't say it's exactly crystal clear.

Anyway, haven't we got some saleable assets ?
What happens if the CVA doesn't get accepted by the creditors ?
Even if it does, how can we ever hope to ever repay it if we're losing money hand over fist ?

Maybe you can allay my concerns but I'm worried the ground could be in long term danger whatever we do.

And what are the saleable assets?

Quoted from tarka

I don't understand you. If a CVA was accepted the debts would be repaid at x amount in the pound and at the end the debts would be wiped out.

Sure.
But I'm not convinced they would agree to x amount in the pound with the biggest asset of all left untouched.
Maybe I'm wrong but I'm not convinced.

Quoted from tarka

And what are the saleable assets?

Liam Hearn ? facilities ?
Not saying they would pay off the debt but they might be options(albieit very unwanted ones) to buy time before any pending takeover/resolution.

Quoted from 1600

Sure.
But I'm not convinced they would agree to x amount in the pound with the biggest asset of all left untouched.
Maybe I'm wrong but I'm not convinced.


Liam Hearn ? facilities ?
Not saying they would pay off the debt but they might be options(albieit very unwanted ones) to buy time before any pending takeover/resolution.

The biggest asset is the ground....worth no more than a million tops.  John Fenty has a debenture on it and the last thing he will do is insist the ground be sold.

Liam Hearn isn't exactly worth a fortune with only one goal scored is he? And paying up his contract would probably eat up whatever we got for him and more!!

Are we having a meeting on Saturday then and if so what time and location please?Oh and 80`s i have no intention of playing along with your little games but well done so far on reeling in dozens of others.

Quoted from 1mickylyons

Are we having a meeting on Saturday then and if so what time and location please?Oh and 80`s i have no intention of playing along with your little games but well done so far on reeling in dozens of others.

Yes, Emma is in the process of emailing everyone as below:

Hi All:

Further to the below, I can confirm that the meeting on Saturday will be held at Blundell Park.

When you get to BP, please go to reception and say that you are there to attend the Trust meeting.  Someone will then direct you to the room.

Please let me know if you have any questions before Saturday.

Regards

Emma

Cheers Dave do we have a time yet please?

Sorry...12.30 until 2pm