Winding up proceedings - Page 4

Christies Child · 29-05-2009, 15:27

Really am gutted for you guys....but what puzzles me in your and other similar cases is 'why let a debt grow so big?'

Surely your guys knew that it would have to be sorted sometime, so why put it off?

I just hope that you can get the thing sorted. After all the hard work over the past years to get back into the league, the last thing you need is a return to the basement.

Bagpuss · 29-05-2009, 15:28

Quote:

Originally Posted by Revived Red

It does rather make a mockery of all that we have read about Eric Whalley looking after the purse strings so carefully.

You can't look at it that way Tin Monkey has spoken, but it's no wonder Eric wanted out before the **** hit the fan.

Doug · 29-05-2009, 15:28

[quote=shakermaker;717419]I'm extremely worried.

Maybe Ilyas Khan would be prepared to pay the tax man for us and afterwards purchase the club for £1! Silly dream I know. We don't even know why the club aren't talking to Ilyas, at this perilous stage it cannot be pure ignorance.quote]

I think to most people it would make a lot of sense if’ your ambition is to keep the company (club) alive. It really comes down to the value of the assets and what’s in the bank, if Eric what’s more than the sum value of the aforementioned, we're buggered, lets face it who in their right mind would pay (at a wild stab in the dark) three quarters of a million for Eric’s shares knowing that there’s at least 400,000.00 in liabilities. I really think the share option is part of the answer and a large influx of free cash is the other…….

VALAIRIAN · 29-05-2009, 15:29

Quote:

Originally Posted by shakermaker

I'm extremely worried.

Maybe Ilyas Khan would be prepared to pay the tax man for us and afterwards purchase the club for £1! Silly dream I know. We don't even know why the club aren't talking to Ilyas, at this perilous stage it cannot be pure ignorance.

I know it's not the most important thing the club has to face right now, but if the worst scenario finds itself actualised, what will happen to season ticket money?

Not too sure what you mean???? But it's the last thing on my mind at this moment in time..

Bagpuss · 29-05-2009, 15:29

Quote:

Originally Posted by Christies Child

Really am gutted for you guys....but what puzzles me in your and other similar cases is 'why let a debt grow so big?'

Surely your guys knew that it would have to be sorted sometime, so why put it off?

Because that's the way it works at Stanley, head in the sand...............

Outback Ozzy · 29-05-2009, 15:32

OK so the £300,000 might not be the end of the club we all love, but what worries me is the last paragraph that other liabilities are about a quarter of this figure i.e another £75,000. I agree with others, get Ilyas Khan on board now to assist D'On and EW. One wonders if this is the reason the takeover of the club has not gone ahead as planned!
Yes £375,000 might seem like chicken feed to Premiership and Championship clubs, but for a club like ours, it could be a killer. I do hope we are not having shades of '62 all over again

VALAIRIAN · 29-05-2009, 15:35

Quote:

Originally Posted by Christies Child

Really am gutted for you guys....but what puzzles me in your and other similar cases is 'why let a debt grow so big?'

Surely your guys knew that it would have to be sorted sometime, so why put it off?

I just hope that you can get the thing sorted. After all the hard work over the past years to get back into the league, the last thing you need is a return to the basement.

Thanks for the post C C

I would imagine it's just like how most of these things happen, people just keep putting things off and hope that one day it will sort it's self out...

Bagpuss · 29-05-2009, 15:36

Quote:

Originally Posted by Outback Ozzy

but what worries me is the last paragraph that other liabilities are about a quarter of this figure i.e another £75,000.

Why do you think Hollands Pies stopped doing business with Stanley.

Bagpuss · 29-05-2009, 15:42

Quote:

Originally Posted by Tin Monkey

You've come out with some crap on here, but this really disgusts me.

Maybe so, it's only a message board as Kipax tells us, but my comments are not crap they are the truth, wake up Eric is not god anymore.

Doug · 29-05-2009, 15:48

Quote:

Originally Posted by Bagpuss

Maybe so, it's only a message board as Kipax tells us, but my comments are not crap they are the truth, wake up Eric is not god anymore.

Opinions apart (and each and every one is valid) we could do with a one voice approach to this situation, tearing at each other is not the answer….Someone at the club as been talking crap for many months and now we have some answers to what the problem is, what we need now is Leadership, cash and some Big Bollocks………….so who is their……

VALAIRIAN · 29-05-2009, 15:49

Quote:

Originally Posted by expatriate

What an unmitigated disaster. I am embarrassed and sick to the pit of my stomach after reading the statement. Bagpuss, you are absolutely correct in your surmise (about Mr W concocting a story about there being interested "parties" for his shares only in trying to generate money into his pocket. How sickening). That sham, and more has now come to light, as has the fact that the club has been negligent (putting it mildly) with its obligations. I am also really quite shocked at the tone of the statement. Someone somewhere has to wake up and smell the coffee. Sorry guys, but I just dont know how to react other than to share the deep regret of all true fans.

One thing, however, is for sure. This club will not go down. Not whilst we are around. The club is bigger than any one individual, and its time for the board to act in the interests of the club, and not the interests of a Chairman who has been found out like the emperor with no clothes on. How on earth can we owe the taxman £300,000 and be taken to court. What other debts are there ? Lets have a full disclosure and lets then get people to subscribe to a new share issue and save the situation. I am ready to lead the way with at least £250,000. And you can quote me on that.

A very sad and sorry Ilyas Khan

Maybe some light........

VALAIRIAN · 29-05-2009, 15:51

Quote:

Originally Posted by Doug

Opinions apart (and each and every one is valid) we could do with a one voice approach to this situation, tearing at each other is not the answer….Someone at the club as been talking crap for many months and now we have some answers to what the problem is, what we need now is Leadership, cash and some Big Bollocks………….so who is their……

Good sensible train of thought...

I vote you Doug....

Doug · 29-05-2009, 15:54

Quote:

Originally Posted by VALAIRIAN

Good sensible train of thought...

I vote you Doug....

Yeah, I've got the Bollocks but that's about it. thanks anyway.

jaysay · 29-05-2009, 15:56

Quote:

Originally Posted by Wynonie Harris

Don't really understand these things, but surely winding-up proceedings are worse than admin?

My daughter actually told me that it was on Sky Sports News, she worked for the Revenue and customs for twenty years Wynonie and she just said, and I quote, these people don't take prisoners, if they can't come up with the cash by the court date, or have a plan which is acceptable, its goodnight Vienna. I only hope that something can be worked out as I for one don't want to see 1963 revisited

Bagpuss · 29-05-2009, 15:58

Quote:

Originally Posted by Doug

Opinions apart (and each and every one is valid) we could do with a one voice approach to this situation, tearing at each other is not the answer….Someone at the club as been talking crap for many months and now we have some answers to what the problem is, what we need now is Leadership, cash and some Big Bollocks………….so who is their……

OK I will shut up for now but Eric is not the one with the bollocks.