Sandal Cat saidBut remember the cash is held in Escrow until those new investors decide what to do with it[/i"

This is at odds with what my shareholders letter (which arrived this morning) says - the letter makes it clear that "[iif this limit (£500k) is reached, then shares will be issued to each applicant for the money donated[/i". That doesn't look to me like the people who "donate" are going to get much say in how the money is used.

Another point the letter raised - the money Sir RW paid to see off the taxman at the end of last year was a [iloan[/i, not a gift. So whatever amount he lent us also needs repaying.

How do you think Sir Rodders would feel if we went into administration and wiped this amount from our liabilities?

to be honest that thickens the plot rather than clarifies it, anyone able to scan a copy of letter please?

The letter is for shareholders only not for the eyes of ordinary supporters!

silly me!
im not getting the hang of this am i?

Were you at the shareholders meeting ? I thought if the £500k was reached there would be a meeting of shareholders and the matter would be decided by shareholders.

I will not invest a penny if all it does is pay off current debts and we still are heavily in debt and more than likely will go bust anyway. That way all I have done is pay the Taxman and Sir W and lost my money - not for me. If however its as I thought I heard at the meeting I'm in.

If we are unable to pay the tax bill and are wound up Sir RW will have to whistle for his money like HMRC and the rest of us.

You can read it for a grand

I like the cut of your jib!

To be honest it does not say much more than whats in the Express and certainly does not answer the question we all are asking and that is what is the total debt.

What do you think the chances of that information being made available are?

Well that just tells me everything I had suspected about Sir Rodders, Had the Newmarket Decision not gone to PI I have no doubt the tax payoff would have been a gift as when the story boroke about the payoff it was said to be just that a donation from an unkown benafactor, but now it looks as though the ship may be sinking he is joining the queue for one last payoff before he rides off into the sunset. You must all be so caerful of what you do over the next 3 weeks as it is now looking much more likely that there is so much more to all this than meets the eye.

Thanks for the advice and concern.

depends on how bad the answer is.

It had better be made available if the Club wants this share offer to have any chance of success. 500 people with £1,000 is one hell of a tall order when all the facts are know but if people are kept in the dark it will fail before it starts.

If the real answer is worse than no answer then we are in real trouble.

lets use logic here, it is worse or anyone with a brain would have come out with the whole facts, killed the debate and let people get on with their choice.

if they come out now and its aged debt and theres another bill in april, we are dead in the water, in my own head i could get the figure from 500k to about a million adding together various bits of the story