Quote: Bull Mania "Nope the security firm who own 1 of 100 shares put us into admin to get a sale done. Not saying we dont deserve a points deduction but just in response to some who say we've done it deliberately and should be relegated with immediate effect. No rules anywhere that is going to happen so unfortunately the one or two frothing at the mouth are going to be disappointed.
Like I say we deserved a points deduction.'"
The security firm presumably took the action as the bulls were unable to service the debt? Let's not also forget the HMRC winding up order both clear indicators that the bulls were still living beyond their means and hence admin or releasing some players to free up cash being the obvious options
Also, I can't see how someone who owns 1 of 100 shares can put you in admin. Their pursuit of payment could lead to the directors deciding to go the admin route though