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Post by Henbury Gas on Aug 11, 2017 20:45:45 GMT
You know what they do to non believers in the far east.........
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Deleted
Deleted Member
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Post by Deleted on Aug 11, 2017 21:01:55 GMT
I think there firing blanks
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Post by inee on Aug 11, 2017 21:22:47 GMT
I thought Wael said they wanted to own the land in his interview. If so a deal was never going to happen. I think he said, maybe in the Having a Gas interview, that at the beginning talks went towards buying the land outright, and then at the end, towards negotiating a satisfactory leasehold. But he didn't say why the buying the land talks fell short. Istm (and I'm just making this up) it could either be because we didn't want to fork out what they were asking, or they never really wanted to sell the freehold. Or maybe a bit of both; they were only prepared to sell at an extortionate price. i seem to recall the land couldn't be bought as there was a covenant put on it by HP as it was bought for peanuts (or given to the uwe ) for educational use and if any of it was sold of then uwe had to stump up the full value to HP. i remember this being discussed on the forums way back when.
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Post by stuart1974 on Aug 11, 2017 23:07:39 GMT
Perhaps GT should do a full interview with UWE with some searching questions, as it seems to me there are two parties in this sorry saga, and currently I don't see any journalists doing any proper questioning of UWE who were either being reasonable with their terms and their side of the bargain or were not. Any moves by GT or radio Bristol to arrange such an approach and questioning? as surely the local community, businesses, planners have a public interest in knowing whats gone wrong..or is professional journalism now finished in this country? They've been pretty quiet through all of this so doubtful they'll do an interview. Dare they show themselves in a bad light? Aren't they building a Faculty of Procrastination?
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Post by stuart1974 on Aug 11, 2017 23:25:01 GMT
That was always going to happen. Most Investments have an asset. This is the problem I forsee. If every investment has an asset, how are they going to invest more than the mem is worth? We simply don't know enough to fully understand the minutiae and Gashead79 is right. From what has been said, my understanding is that this is a movement of funds from Dwane Sports to its subsidiary, i.e. us. As such they could invest in a couple of ways, one of which is through loan stock which is a medium to long term arrangement and is commonly associated with a security (charge) on assets. This is an accounting practice and doesn't necessarily have to be a concern, the charge being a theoretical factor and would only come into force when the creditor pursues a claim. Wael has confirmed there is no third party so it would be Dwane Sports as creditor stipulating the default scenarios to Dwane Sports as debtor. As far as the £10m amount, it would be up to Dwane Sports to decide whether to invest/loan more and I don't think there is a ceiling, merely the wish to do so. The charge being a prioritisation of creditors rather than a direct correlation. Apart from HMRC, Dwane would be the priority creditor, if their debts exceed assets then there will be no point in any other creditors pursuing a claim as they wouldn't receive anything anyway.
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Post by mehewmagic on Aug 11, 2017 23:28:59 GMT
They've been pretty quiet through all of this so doubtful they'll do an interview. Dare they show themselves in a bad light? Aren't they building a Faculty of Procrastination? Come back later for an answer
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