Administration and recovery

Where fellow sufferers gather to share the pain, longing and unrequited transfer requests that make being a Wanderer what it is...

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Aug 27, 2019 8:16 pm

dave the minion wrote:
Tue Aug 27, 2019 7:30 pm
Lost Leopard Spot wrote:
Tue Aug 27, 2019 7:23 pm

...the Bottom Line is Appleton had previously stated that unsecured creditors were heading for 35p in the £, and (by implication alone) that secured creditors would be getting paid, but FV do not, nor never have had, the cash to make that statement come true. That's the bottom line. That and that alone. Everything else is subsidiary to that Big Problem. FV have tried to bamboozle their way through the entire process. They are skint.
LLS - not dissing your statements or questioning them, but given that you've stated this a lot - can I ask, do you know this is the case, or is it just your best guess of the situation?

As I said, not saying you are wrong at all - and you might well be 100% correct - just the level of confidence with which you make the point about them having no cash implies some knowledge rather than just an assumption?
Yes, I can state it with certainty. My knowledge comes from an old university pal who is a top forensic auditor who has worked for KPMG, Deloitte, Price Waterhouse Coopers, and Ernst Young before turning to independent consultancy. When he tells me stuff, and he knows I'm a Wanderers fan, I listen. The consultants who work both for Quantuma and Rubin's are drinking buddies of his in Sussex. FV don't have any fxcking cash; their entire business plan is built on foundations of sand, they have zero liquidity, no readies, and webs of complicated (and frankly verging on illegal) ways of funding commitments.
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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Aug 27, 2019 8:17 pm

DJBlu wrote:
Tue Aug 27, 2019 8:12 pm
Lost Leopard Spot wrote:
Tue Aug 27, 2019 8:08 pm
officer_dibble wrote:
Tue Aug 27, 2019 8:07 pm
FV did put a million in to get the club up and running at the start didn’t they?
No.
How do you know?
See above ^.
This really is getting to be a farce. Edit. Gone beyond a fxcking farce.
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dave the minion
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Re: Administration and recovery

Post by dave the minion » Tue Aug 27, 2019 8:20 pm

Lost Leopard Spot wrote:
Tue Aug 27, 2019 8:16 pm
dave the minion wrote:
Tue Aug 27, 2019 7:30 pm
Lost Leopard Spot wrote:
Tue Aug 27, 2019 7:23 pm

...the Bottom Line is Appleton had previously stated that unsecured creditors were heading for 35p in the £, and (by implication alone) that secured creditors would be getting paid, but FV do not, nor never have had, the cash to make that statement come true. That's the bottom line. That and that alone. Everything else is subsidiary to that Big Problem. FV have tried to bamboozle their way through the entire process. They are skint.
LLS - not dissing your statements or questioning them, but given that you've stated this a lot - can I ask, do you know this is the case, or is it just your best guess of the situation?

As I said, not saying you are wrong at all - and you might well be 100% correct - just the level of confidence with which you make the point about them having no cash implies some knowledge rather than just an assumption?
Yes, I can state it with certainty. My knowledge comes from an old university pal who is a top forensic auditor who has worked for KPMG, Deloitte, Price Waterhouse Coopers, and Ernst Young before turning to independent consultancy. When he tells me stuff, and he knows I'm a Wanderers fan, I listen. The consultants who work both for Quantuma and Rubin's are drinking buddies of his in Sussex. FV don't have any fxcking cash; their entire business plan is built on foundations of sand, they have zero liquidity, no readies, and webs of complicated (and frankly verging on illegal) ways of funding commitments.
Fair do's. Ta for answering. I know I'm asking the wrong people here, but given the above, what on earth is the EFL fair and proper owner test actually testing then??
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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Aug 27, 2019 8:22 pm

dave the minion wrote:
Tue Aug 27, 2019 8:20 pm
Lost Leopard Spot wrote:
Tue Aug 27, 2019 8:16 pm
dave the minion wrote:
Tue Aug 27, 2019 7:30 pm
Lost Leopard Spot wrote:
Tue Aug 27, 2019 7:23 pm

...the Bottom Line is Appleton had previously stated that unsecured creditors were heading for 35p in the £, and (by implication alone) that secured creditors would be getting paid, but FV do not, nor never have had, the cash to make that statement come true. That's the bottom line. That and that alone. Everything else is subsidiary to that Big Problem. FV have tried to bamboozle their way through the entire process. They are skint.
LLS - not dissing your statements or questioning them, but given that you've stated this a lot - can I ask, do you know this is the case, or is it just your best guess of the situation?

As I said, not saying you are wrong at all - and you might well be 100% correct - just the level of confidence with which you make the point about them having no cash implies some knowledge rather than just an assumption?
Yes, I can state it with certainty. My knowledge comes from an old university pal who is a top forensic auditor who has worked for KPMG, Deloitte, Price Waterhouse Coopers, and Ernst Young before turning to independent consultancy. When he tells me stuff, and he knows I'm a Wanderers fan, I listen. The consultants who work both for Quantuma and Rubin's are drinking buddies of his in Sussex. FV don't have any fxcking cash; their entire business plan is built on foundations of sand, they have zero liquidity, no readies, and webs of complicated (and frankly verging on illegal) ways of funding commitments.
Fair do's. Ta for answering. I know I'm asking the wrong people here, but given the above, what on earth is the EFL fair and proper owner test actually testing then??
Fxck all, to be be frank. They check you aren't bankrupt as far as I can see.
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Re: Administration and recovery

Post by BWFC_Insane » Tue Aug 27, 2019 8:28 pm

The consultants who work for both Quantuma and Rubin’s...who?

Paul will be interested I’m sure! I can check very quickly.

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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Aug 27, 2019 8:43 pm

BWFC_Insane wrote:
Tue Aug 27, 2019 8:28 pm
The consultants who work for both Quantuma and Rubin’s...who?

Paul will be interested I’m sure! I can check very quickly.
Different people. The consultants who work for Rubin's, and the consultants who work for Quantuma.
Clue 1. They all drink with somebody who lives close to Tunbridge Wells.
Clue 2. You can ask Paul how many Mickey's he knows...
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Re: Administration and recovery

Post by nelson66 » Tue Aug 27, 2019 8:47 pm

I was talking to a bloke in a pub -- looked a bit like Elvis -- he said everything would be reet
The Whites Are Staying Up 2020 :pissed: :grin:

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Re: Administration and recovery

Post by BWFC_Insane » Tue Aug 27, 2019 8:48 pm

Lost Leopard Spot wrote:
Tue Aug 27, 2019 8:43 pm
BWFC_Insane wrote:
Tue Aug 27, 2019 8:28 pm
The consultants who work for both Quantuma and Rubin’s...who?

Paul will be interested I’m sure! I can check very quickly.
Different people. The consultants who work for Rubin's, and the consultants who work for Quantuma.
Clue 1. They all drink with somebody who lives close to Tunbridge Wells.
Clue 2. You can ask Paul how many Mickey's he knows...
I’m not asking for their names. Simply who they work for.

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Lost Leopard Spot
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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Aug 27, 2019 8:48 pm

nelson66 wrote:
Tue Aug 27, 2019 8:47 pm
I was talking to a bloke in a pub -- looked a bit like Elvis -- he said everything would be reet
I know him personally. If he says it'll be reet, you're fxcked.
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Re: Administration and recovery

Post by Lost Leopard Spot » Tue Aug 27, 2019 8:51 pm

BWFC_Insane wrote:
Tue Aug 27, 2019 8:48 pm
Lost Leopard Spot wrote:
Tue Aug 27, 2019 8:43 pm
BWFC_Insane wrote:
Tue Aug 27, 2019 8:28 pm
The consultants who work for both Quantuma and Rubin’s...who?

Paul will be interested I’m sure! I can check very quickly.
Different people. The consultants who work for Rubin's, and the consultants who work for Quantuma.
Clue 1. They all drink with somebody who lives close to Tunbridge Wells.
Clue 2. You can ask Paul how many Mickey's he knows...
I’m not asking for their names. Simply who they work for.
Paul will be able to work that one out for himself. Why you would want to know, I've no idea.
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officer_dibble
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Re: Administration and recovery

Post by officer_dibble » Tue Aug 27, 2019 8:53 pm

BWFC_Insane wrote:
Tue Aug 27, 2019 8:08 pm
officer_dibble wrote:
Tue Aug 27, 2019 8:07 pm
FV did put a million in to get the club up and running at the start didn’t they?
And the rest...though you can thank Michael James for being a fan. Otherwise I think we’d not be here by now.
I’ve been thanking Michael James for over a year now. I have no doubt he’s the main (only?) reason we are alive and kicking. I also reckon he thinks Ken is a c*nt an all. I’ll buy him a pint if I ever meet him.

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Re: Administration and recovery

Post by Enoch » Tue Aug 27, 2019 9:01 pm

nelson66 wrote:
Tue Aug 27, 2019 8:47 pm
I was talking to a bloke in a pub -- looked a bit like Elvis -- he said everything would be reet

I look nothing like Elvis!

Unless you mean Costello.

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Re: Administration and recovery

Post by Dave Sutton's barnet » Tue Aug 27, 2019 9:06 pm

Enoch wrote:
Tue Aug 27, 2019 9:01 pm
nelson66 wrote:
Tue Aug 27, 2019 8:47 pm
I was talking to a bloke in a pub -- looked a bit like Elvis -- he said everything would be reet

I look nothing like Elvis!

Unless you mean Costello.
More Roger Daltrey, I'd say.

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Re: Administration and recovery

Post by Enoch » Tue Aug 27, 2019 9:11 pm

Dave Sutton's barnet wrote:
Tue Aug 27, 2019 9:06 pm
Enoch wrote:
Tue Aug 27, 2019 9:01 pm
nelson66 wrote:
Tue Aug 27, 2019 8:47 pm
I was talking to a bloke in a pub -- looked a bit like Elvis -- he said everything would be reet

I look nothing like Elvis!

Unless you mean Costello.
More Roger Daltrey, I'd say.

I hope you don't mean as he looks today, he's gotta be mid seventies at least! :D

My bins are more Costello.

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Re: Administration and recovery

Post by Worthy4England » Tue Aug 27, 2019 9:16 pm

Does Costello have the full set of bins - black, blue, pink and green?

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Re: Administration and recovery

Post by Enoch » Tue Aug 27, 2019 9:18 pm

Worthy4England wrote:
Tue Aug 27, 2019 9:16 pm
Does Costello have the full set of bins - black, blue, pink and green?

He's very Greta Thunberg. :)

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Re: Administration and recovery

Post by Enoch » Tue Aug 27, 2019 9:19 pm

Enoch wrote:
Tue Aug 27, 2019 9:18 pm
Worthy4England wrote:
Tue Aug 27, 2019 9:16 pm
Does Costello have the full set of bins - black, blue, pink and green?

He's very Greta Thunberg. :)

What the f*ck goes in the pink one?

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Re: Administration and recovery

Post by DJBlu » Tue Aug 27, 2019 9:20 pm

Nixon says announcement imminent. From who is anyone's guess.

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Re: Administration and recovery

Post by Worthy4England » Tue Aug 27, 2019 9:23 pm

Enoch wrote:
Tue Aug 27, 2019 9:19 pm
Enoch wrote:
Tue Aug 27, 2019 9:18 pm
Worthy4England wrote:
Tue Aug 27, 2019 9:16 pm
Does Costello have the full set of bins - black, blue, pink and green?

He's very Greta Thunberg. :)
What the f*ck goes in the pink one?
I just threw that in to test you were actually knowledgable about bins. We've had all sorts of claims to inside knowledge. It's brown. Well done.

Nixon does indeed say some sorta announcement imminent.

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Re: Administration and recovery

Post by malcd1 » Tue Aug 27, 2019 9:24 pm

DJBlu wrote:
Tue Aug 27, 2019 9:20 pm
Nixon says announcement imminent. From who is anyone's guess.

He seems to be hinting at this property magnate not FV.
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