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Post by swissgas on Dec 5, 2020 23:36:09 GMT
Calm down and think about it logically. BRFC 1883 Ltd owed Dwane Sports £18.4 million and we were told that to repay this loan they had issued shares to Dwane Sports Ltd. The outcome of that would have been Dwane Sports owning more shares in BRFC 1883 Ltd and BRFC 1883 Ltd no longer owing Dwane Sports the £18.4 million. But it didn’t happen because if it had done it would show on the Companies House registry. Bringing up the subject of Dwane Sports shares and the Jersey companies registry isn’t going to please those who would rather these matters were kept under wraps. My last search showed that Dwane Sports was owned by two nominee companies so it is impossible to tell who the beneficial owners are. However in June there was much jubilation when we were told that Dwane Sports was now 90% owned by Wael and 10% owned by Samer with Hani completely out of the picture. We have to assume this is actually the case but, as I said before, when some statements which have been made are proven to be false it is bound to sow doubt in the mind about others. I actually like the stuff you post about football on here. I really wish you would stop trying to put one over on people with this crap. You've tried to cultivate this persona of someone with specialist knowledge in corporate finance but you've made it obvious that either that is a lie and you know f**k all or your "concerns" such as this one are disingenuous and you're a pot-stirring twat. I really hope you're thick and not a twat. You still haven't answered my questions: 1. How much debt is to be capitalised. Remember that your frequently quoted debt figure is £24m. 2. How are you checking the filing history of a Jersey registered company at Companies House as you have been claiming (until this thread I notice “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “
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Post by LJG on Dec 6, 2020 0:07:39 GMT
I actually like the stuff you post about football on here. I really wish you would stop trying to put one over on people with this crap. You've tried to cultivate this persona of someone with specialist knowledge in corporate finance but you've made it obvious that either that is a lie and you know f**k all or your "concerns" such as this one are disingenuous and you're a pot-stirring twat. I really hope you're thick and not a twat. You still haven't answered my questions: 1. How much debt is to be capitalised. Remember that your frequently quoted debt figure is £24m. 2. How are you checking the filing history of a Jersey registered company at Companies House as you have been claiming (until this thread I notice “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ I'm not asking you about what the club have said, I'm asking you about what you have said. You said you checked the filing history of Dwayne on Companies House. Dwayne is registered in Jersey - how did you check the filing history of Dwayne, a Jersey registered company, on Companies House? You said the debt was £24m. The debt being capitalised is £18m. Why has £6m of debt gone missing from the figure you continually quoted? If you could limit your response to a couple of sentences per answer that will help prevent the deliberate obfuscation you try to create by writing paragraphs and paragraphs because you think people are thick and won't read it properly.
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Post by swissgas on Dec 6, 2020 0:21:36 GMT
“Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ I'm not asking you about what the club have said, I'm asking you about what you have said. You said you checked the filing history of Dwayne on Companies House. Dwayne is registered in Jersey - how did you check the filing history of Dwayne, a Jersey registered company, on Companies House? You said the debt was £24m. The debt being capitalised is £18m. Why has £6m of debt gone missing from the figure you continually quoted? If you could limit your response to a couple of sentences per answer that will help prevent the deliberate obfuscation you try to create by writing paragraphs and paragraphs because you think people are thick and won't read it properly. I said the Jersey Companies Registry showed that Dwane Sports is owned by two nominee companies and so the true beneficial ownership cannot be determined. During discussions a few months ago I said the accumulated losses shown in the P&L account were £24 million and that the media, including the BBC, were incorrectly reporting that BRFC 1883 Ltd had £24 million of debt. I think Stuart1974 will confirm this.
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Post by Hugo the Elder on Dec 6, 2020 6:32:45 GMT
You say I’m Wael’s spokesman and agree with everything but also post that according to my Twitter feed that I don’t agree agree with Tisdales appointment. Which I don’t. So that means I don’t agree with everything out owner does... I wouldn’t say all the mods here are out of touch. We all think you’re a bit of a bitter old berk. Which I would say puts them right on the pace. So he also speaks for the moderators. You've cried wolf so many times yet you wont even acknowledge or understand why many posters find you frustrating at best or an outright liar at worst. However, no one has ever denied you a platform to speak.
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Post by Hugo the Elder on Dec 6, 2020 6:34:52 GMT
Wael is fully aware of what is put on here. Hello Wael. Love you. Xxx Call me x
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Post by Deleted on Dec 6, 2020 8:24:06 GMT
Who you calling a fairy ? I’ll see you in the car park pal The director of football thread was hijacked on page 1 when walthamstow gas had the audacity to criticise Wael and was immediately mugged. The over defensiveness of some posters tells its own story but the facts are clear. On July 8th the club stated that the BRFC 1883 Ltd loan from Dwane Sports had been capitalised which was untrue. On September 15th the club stated the BRFC 1883 Ltd loan from Dwane Sports would be capitalised immediately after the AGM on September 28th but it has not been. I can understand that some Gasheads are completely captivated by Wael and will believe literally anything he says. But trying to defend statements which are patently untrue is surely a sign of desperation. And for the club to remain silent and not offer any explanation is, IMO, sending completely the wrong signal to outsiders who’s help Rovers are going to need sooner or later. Any comments about todays game, performance, Managers interview etc? Or is your only interest in finding fault with our owner and you have no interest in what the club actually does, ie. Play football. On page three of this thread now and no response from Swiss to my question. As he has responded to many posts about the financial issues he raises, I will assume he is not interested in the football side of the club.
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Post by Deleted on Dec 6, 2020 8:33:25 GMT
As I was mentioned, I think it only fair to reply. Someone has posted that Wael heads a bank. No he doesn't. LJG talks b*ll*cks all the time so can't be bothered with his inane ramblings. With regard to whether or not Wael has cleared the debt, its simple. Let him come out and say so, and when he did it. As for the charge on the Mem? In fact, when Wael made his announcement about the debt being cleared, the rapturous welcome that he got on here was something to behold. I stated that there was no benefit to us clearing the debt as it made no difference to our position, unless Wael was looking to offload the club ( not the stadium, just the club). I was pilloried for that, and now low and behold, the couple of hundred accountants on here are now using that fact in defence of their previous raptures. It's a bit like all you guys out there ( you know who you are) who were saying how great all the signings were, and then when Garner was rightly sacked, and he should have been at the curtailed end of last season, they now heavily criticise them. Wael s spokesman on here (1981 for those who don't know) seems to be showing up a split in the boardroom. If you look on his twitter feed, he confirms we are the richest club in league1 and that Tisdale should never have been appointed. I can only assume that as he represents Waels views on everything, Wael must have confirmed his wealth to him, and that Wael did not want Tisdale appointed. So if Starnes appointed Tisdale, the writings on the wall for him now. We've even had the suggestion from a moderator that criticism of the board in general, and Wael in particular should not be allowed. Isn't that how dictatorships begin? If everyone in the boardroom are yes men to Wael, that is a mighty dangerous position for our club. Someone has to be able to query daft decisions without fear of being removed. Hence why 1981 should never become a fans director. He would just agree everything without querying obvious errors in the decision making. As for Swissgas, well, it's obvious that he is being criticised by some on here simply because they don't understand the nuances of finance and legal requirements in the UK. The moderators on here are out of touch. They think that because 20/30 regular posters on here back everything Wael says or does, they have the backing of the fans for their point of view. I suggest they look at Twitter, Facebook, and other forms of social media. Wael is not the villain that people on here try to pretend that people like me and Swissgas etc are supposedly saying, he has quickly fallen into the same trap that Nick Higgs did, namely ' it's my money and I will do it my way'. Nick failed, and now Wael is surrounding himself with yes men. What he needs to do is appoint people that are prepared to challenge him on his ongoing philosophy for pushing this club up to the championship. If everybody around him just agrees with everything he does he will think he is infallible. And that he AINT. GI, I fully understand the nuances of UK finances and regulations as work in that environment as my day job. I’m not an accountant though and so whilst I have a very strong understanding of how it all works, I don’t profess or pretend to be an expert and so I have only explained what I understand (but have also said that I could be wrong). My biggest issue with your comments though are you saying that Wael should come out and say whether he’s cleared the debt or not. He’s already done that and it is you and Swiss who are questioning it. Why don’t you ask him or Martyn or Tommy or Tom directly and give them something to respond to rather than posting on here before they’ve even been asked? You say Wael is surrounded by yes men but as I posted earlier I disagree. However, it’s fine for us to have different views. Who would you suggest be brought to the board? May in a Non Executive Director type role or as a Consultant? Also, Swiss answered my question as to why he was ‘concerned’ about Wael , could you do the same? It would maybe help us understand where you’re coming from and why. Finally, I think the recruitment this summer was really strong. Some players haven’t yet performed to their full potential and we need to remember they are all very young so inconsistency will always be there, but I do think they will come good - as today’s performance showed they have capability of achieving. I was also supportive of BG and felt he may have been sacked too quickly but I understand why he was and I’m pleased with Tisdales appointment and hopeful that he will lead onto good things. There are a few posters on here who have jumped about a bit on this but many are like me and have been pretty consistent in our thinking.... As for Facebook and social media - that is a poor example to use as everyone who uses it knows, it is highly fickle, often infiltrated by non gas fans, an extremely small representation of the fan base (like on here), usually commented on by people with strong polarising views and highly dependent on match results or people’s political, social economical, demographic and educational views and backgrounds. GasInsider care to respond to my question/points? I’ve asked this a couple of times - why the distrust or issue with Wael? And who would you want brought onto the board? Swiss gave his response which has helped me at least understand his views even if I don’t agree with them (see my post earlier on page 2), maybe it would help us understand where you are coming from (and give you a bit of an easier ride) if you did the same?
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Post by gasincider on Dec 6, 2020 9:03:44 GMT
As I was mentioned, I think it only fair to reply. Someone has posted that Wael heads a bank. No he doesn't. LJG talks b*ll*cks all the time so can't be bothered with his inane ramblings. With regard to whether or not Wael has cleared the debt, its simple. Let him come out and say so, and when he did it. As for the charge on the Mem? In fact, when Wael made his announcement about the debt being cleared, the rapturous welcome that he got on here was something to behold. I stated that there was no benefit to us clearing the debt as it made no difference to our position, unless Wael was looking to offload the club ( not the stadium, just the club). I was pilloried for that, and now low and behold, the couple of hundred accountants on here are now using that fact in defence of their previous raptures. It's a bit like all you guys out there ( you know who you are) who were saying how great all the signings were, and then when Garner was rightly sacked, and he should have been at the curtailed end of last season, they now heavily criticise them. Wael s spokesman on here (1981 for those who don't know) seems to be showing up a split in the boardroom. If you look on his twitter feed, he confirms we are the richest club in league1 and that Tisdale should never have been appointed. I can only assume that as he represents Waels views on everything, Wael must have confirmed his wealth to him, and that Wael did not want Tisdale appointed. So if Starnes appointed Tisdale, the writings on the wall for him now. We've even had the suggestion from a moderator that criticism of the board in general, and Wael in particular should not be allowed. Isn't that how dictatorships begin? If everyone in the boardroom are yes men to Wael, that is a mighty dangerous position for our club. Someone has to be able to query daft decisions without fear of being removed. Hence why 1981 should never become a fans director. He would just agree everything without querying obvious errors in the decision making. As for Swissgas, well, it's obvious that he is being criticised by some on here simply because they don't understand the nuances of finance and legal requirements in the UK. The moderators on here are out of touch. They think that because 20/30 regular posters on here back everything Wael says or does, they have the backing of the fans for their point of view. I suggest they look at Twitter, Facebook, and other forms of social media. Wael is not the villain that people on here try to pretend that people like me and Swissgas etc are supposedly saying, he has quickly fallen into the same trap that Nick Higgs did, namely ' it's my money and I will do it my way'. Nick failed, and now Wael is surrounding himself with yes men. What he needs to do is appoint people that are prepared to challenge him on his ongoing philosophy for pushing this club up to the championship. If everybody around him just agrees with everything he does he will think he is infallible. And that he AINT. I’ll tell you who’s out of touch here Gasincider, it’s you if you think anyone gives two hoots about your deluded ramblings. No moderator on here has said it’s not allowed to criticise the board, do it if you want but expect to take flak for it if you don’t put forward a convincing enough argument. Every single one of your arguments against Wael displays an agenda. So you say he’s surrounded himself with yes men, have any proof of that? No benefit to Wael clearing the debt, care to expand on that? You won’t though will you, you’ll continue to spout more spurious claims that you can’t back up. Where did I say anything about 'no benefit to Wael clearing the debt'. I said no benefit to our club.
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Post by gasincider on Dec 6, 2020 9:07:32 GMT
So he also speaks for the moderators. You've cried wolf so many times yet you wont even acknowledge or understand why many posters find you frustrating at best or an outright liar at worst. However, no one has ever denied you a platform to speak. And yet no one has proved anything I've said to be wrong. Not surprising as it comes from the club itself. And I've never said anyone has denied me a platform.
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Post by Hugo the Elder on Dec 6, 2020 9:09:45 GMT
You've cried wolf so many times yet you wont even acknowledge or understand why many posters find you frustrating at best or an outright liar at worst. However, no one has ever denied you a platform to speak. And yet no one has proved anything I've said to be wrong. Not surprising as it comes from the club itself. And I've never said anyone has denied me a platform. So we sold JCH in January? And we didnt pay for the fence? And we got taken over by a consortium. Cheers for clearing that up.
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Post by Okebournegas on Dec 6, 2020 9:12:50 GMT
I’m just here for the comments , far too intelligent for the likes of me. From what I gather , Gasincider is a sh** stirring toss pot and other posters have seen right though it ? Also can I just say I am incredibly impressed with LJG’s postings , I wouldn’t want to enter a war of words with him , he uses a wide range of vocabulary with some very big words.
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Post by gasincider on Dec 6, 2020 9:15:07 GMT
GI, I fully understand the nuances of UK finances and regulations as work in that environment as my day job. I’m not an accountant though and so whilst I have a very strong understanding of how it all works, I don’t profess or pretend to be an expert and so I have only explained what I understand (but have also said that I could be wrong). My biggest issue with your comments though are you saying that Wael should come out and say whether he’s cleared the debt or not. He’s already done that and it is you and Swiss who are questioning it. Why don’t you ask him or Martyn or Tommy or Tom directly and give them something to respond to rather than posting on here before they’ve even been asked? You say Wael is surrounded by yes men but as I posted earlier I disagree. However, it’s fine for us to have different views. Who would you suggest be brought to the board? May in a Non Executive Director type role or as a Consultant? Also, Swiss answered my question as to why he was ‘concerned’ about Wael , could you do the same? It would maybe help us understand where you’re coming from and why. Finally, I think the recruitment this summer was really strong. Some players haven’t yet performed to their full potential and we need to remember they are all very young so inconsistency will always be there, but I do think they will come good - as today’s performance showed they have capability of achieving. I was also supportive of BG and felt he may have been sacked too quickly but I understand why he was and I’m pleased with Tisdales appointment and hopeful that he will lead onto good things. There are a few posters on here who have jumped about a bit on this but many are like me and have been pretty consistent in our thinking.... As for Facebook and social media - that is a poor example to use as everyone who uses it knows, it is highly fickle, often infiltrated by non gas fans, an extremely small representation of the fan base (like on here), usually commented on by people with strong polarising views and highly dependent on match results or people’s political, social economical, demographic and educational views and backgrounds. GasInsider care to respond to my question/points? I’ve asked this a couple of times - why the distrust or issue with Wael? And who would you want brought onto the board? Swiss gave his response which has helped me at least understand his views even if I don’t agree with them (see my post earlier on page 2), maybe it would help us understand where you are coming from (and give you a bit of an easier ride) if you did the same? You are deluded if you think anything I write here would be even considered by those of the opposite persuasion. You state your view I will state mine. My worries about the clubs future began when our unsustainable losses went through the roof, and despite some of us on here trying to highlight it, the happy clappers on here took it to be anti Wael. All I do is point out issues that should not be allowed to fester, like unpaid bills etc. The fence being the most obvious one, but there are a fair few others, as the board know only to well.
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Post by gasincider on Dec 6, 2020 9:18:20 GMT
And yet no one has proved anything I've said to be wrong. Not surprising as it comes from the club itself. And I've never said anyone has denied me a platform. So we sold JCH in January? And we didnt pay for the fence? And we got taken over by a consortium. Cheers for clearing that up. Yes we sold JCH, yes the fence wasn't paid without it going to the wire, and initially a consortium wanted to take over the club, but laterly it was a company that wished to do so. Exactly as I posted on here. Next?
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yattongas
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Post by yattongas on Dec 6, 2020 9:21:53 GMT
So we sold JCH in January? And we didnt pay for the fence? And we got taken over by a consortium. Cheers for clearing that up. Yes we sold JCH, yes the fence wasn't paid without it going to the wire, and initially a consortium wanted to take over the club, but laterly it was a company that wished to do so. Exactly as I posted on here. Next? So we paid for the fence . We didn’t sell JCH in Jan and the consortium /company was just all hot air. Next ?
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Marshy
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Post by Marshy on Dec 6, 2020 9:24:37 GMT
I’m just here for the comments , far too intelligent for the likes of me. From what I gather , Gasincider is a sh** stirring toss pot and other posters have seen right though it ? Also can I just say I am incredibly impressed with LJG’s postings , I wouldn’t want to enter a war of words with him , he uses a wide range of vocabulary with some very big words. Attack the post, and not the sh** stirring tosspot!
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Post by Antonio Fargas on Dec 6, 2020 9:24:57 GMT
So we sold JCH in January? And we didnt pay for the fence? And we got taken over by a consortium. Cheers for clearing that up. Yes we sold JCH, yes the fence wasn't paid without it going to the wire, and initially a consortium wanted to take over the club, but laterly it was a company that wished to do so. Exactly as I posted on here. Next? Talking of the fence, and the recent info we got that the fence needs to be moved (to make room for a walkway), is it the case that the fence wasn't paid for because it was put in the wrong place?
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Post by Deleted on Dec 6, 2020 9:31:25 GMT
This is hilarious reading 😂
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Post by Hugo the Elder on Dec 6, 2020 9:36:15 GMT
So we sold JCH in January? And we didnt pay for the fence? And we got taken over by a consortium. Cheers for clearing that up. Yes we sold JCH, But not in January yes the fence wasn't paid without it going to the wire, But it was paid for. and initially a consortium wanted to take over the club, but laterly it was a company that wished to do so. All presented with zero evidence and amazingly they didnt take us over Exactly as I posted on here. So not what you posted here at all. Next? I really cant be arsed. Just my personal opinion, but you lack credibility now. I'm sure others will feel differently.
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Post by gashead1981 on Dec 6, 2020 9:47:45 GMT
I’m just here for the comments , far too intelligent for the likes of me. From what I gather , Gasincider is a sh** stirring toss pot and other posters have seen right though it ? Also can I just say I am incredibly impressed with LJG’s postings , I wouldn’t want to enter a war of words with him , he uses a wide range of vocabulary with some very big words. Without using words that are quite big, but that is quite a succinct summary!
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Post by rusho'gas on Dec 6, 2020 9:51:42 GMT
Dear Wael,
Lend me a tenner, will give you it back when Gasincider buys the club off you for a £1.00
You know it makes sense, it's a forum and everybody is an expert.
Lots of love, Carl
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