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| Quote ="Ferocious Aardvark"I think it's very common knowledge that in the early stages, OKB had no banking facilities so of necessity everything went through other already existing accounts eg my season ticket purchase money went to a company linked to the Lister Hotel as no doubt did all others at the same time.
My understanding, which I've said before, is that when the statement of affairs was released, the administrator had not contacted OK and that curious omission could explain why he did not have the information.'"
None of which in any way absolves the then-directors of their responsibility for keeping proper books of account. Something that would be especially important given the scenario you outline? Are you suggesting a breach of s.386, Companies Act 2006?
Whatever the administrator should or should not have contacted OK about (and, as the principal shareholder, I would have expected at least some contact with him), there should have been no initial reason to contact him in his capacity as a former director regarding the books of account. That would likely come later, as part of the enquiries into the conduct of past and present directors, or in response to any subsequent queries raised.
Quote ="Ferocious Aardvark"The relevance of the £1m is to do with control. If OK holds the majority then he can force an investigation into the administration. If he is not the majority creditor then he can't.'"
Good point - and agreed. And potentially puts the RFL's very late assertion of a debt owing to THEM in an interesting light, then? A potential connection I admit I had not made until now.
Quote ="Ferocious Aardvark" Some may suggest in the latter scenario, the space under the carpet might be rather full. It is of course possible some people might prefer carpet to investigation.
Of course, the RFL ought to keep proper books and records etc. just like OKB or any company, and some may find it odd therefore that if they were owed £1m, that wasn't in the statement of affairs either. Nor did it appear at all until the eleventh hour before the creditors' meeting. Perhaps the RFL had simply forgotten.'"
My "Titanic" analogy referred to "various parties". Which may or may not have included the likes of Whitcu*t and the RFL. I am aware that some argue that the RFL must be in this crock of shìte up to their eyeballs. Whether this is or is not the case, I suspect the crock may nevertheless need to be pretty large? To make room for all those sharing some responsibility for the disaster.
Oh what a tangled web we weave...
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| Quote ="Ferocious Aardvark"If the Council did not abstain, but sided with the RFL, OK would have been outvoted.'"
The council voted with Omar. They still lost
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| What an absolutely embarrassing p!s$ing fest this thread is.
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| Quote ="martinwildbull"FA's evidence? sorry, at best hearsay without an independent authoritative source. When i see an amended statement from the administrator, I will consider that evidence,'"
whats the point in cutting a statement to say what you want it to say rather than what it did say? Do you think you have made some kind of point here?
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| Quote ="Wooden Stand"1. According to the form lodged at Companies House, what date did OK cease to be a director of OKB?
2. Who signed the forms lodged at Companies House notifying the appointments of other directors of OKB?'"
1. OK resigned as a director on 24th September 2013
2. They were filed electronically so nobody signed them
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| Quote ="Adeybull"None of which in any way absolves the then-directors of their responsibility for keeping proper books of account. Something that would be especially important given the scenario you outline? Are you suggesting a breach of s.386, Companies Act 2006? '"
I have no knowledge of how OKB did or did not keep their books or records, and have never suggested proper accounts shouldn't be kept, of course they should.
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| Quote ="Ferocious Aardvark"I have no knowledge of how OKB did or did not keep their books or records, and have never suggested proper accounts shouldn't be kept, of course they should.'"
That's good to hear...for one minute I was concerned you might be showing worrying early signs of the Wooden Top or Dweeb conditions, neither of which appear to be curable...
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| Quote ="mystic eddie"What an absolutely embarrassing p!s$ing fest this thread is.
'" Totally agree. Can't wait for the decision to be made whatever it may be, then this thread can hopefully be put to bed.
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| Yes, I fully expect no reaction from anyone, whatever the decision.
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| Quote ="tigertot"Yes, I fully expect no reaction from anyone, whatever the decision.'"
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| Quote ="tigertot"Yes, I fully expect no reaction from anyone, whatever the decision.'"
17th chapter of the book of Jobe [so I have been told}, "blessèd is he who doth not expect - for he shall not be disappointed"
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| My closet Bulls affections hope for a 4 or 6 point bonus. My unhealthy, sick sense of humour wants it just to see the Wakey board explode. If you get anything back they want a judicial review of the conduct of the RFL.
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| Given that there is, on a conservative estimate, a quintsquillion other things anyone could do rather than read this thread, I conclude that those saying it is boring nevertheless chose to place reading this thread at the TOP - i.e. numero uno out of a quintsquillion - of all of the things they could have done.
The fibbers do protest too much, methinks. We know you're actually hooked on it, so don't pretend otherwise. As you'd be pretty fookin stupid to keep re-opening a thread that bored you whenever you opened it, right?
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| I have to say FA, I can never really understand anyone complaining about a particular thread being boring, having posts which are too long, containing too many long words, etc etc ad infinitum, when it is just so, so, so easy to just ignore said thread.
After all, there are plenty of others, which might float their particular boat.
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| Thanks Adey, and FA I do like the shuffling the plans analogy.
Adey, sorry to bother you again, but is it not the case that during a "hiatus period" prior to insolvency, you are not supposed to prefer any ordinary creditor over another, and would a director personally settling debts of the limited company amount to that?
Good comment FA, theres a certain magnetic pull to the thread.
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| Quote ="Bulliac"
After all, there are plenty of others, which might float their particular boat.'"
Think it is best not to speculate too much on that Bulliac!
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| I can't imagine what you mean....
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| Quote ="martinwildbull"
Good comment FA, theres a certain magnetic pull to the thread.'"
Oh my god - we have discovered a magnet which attracts sh*t - there could be a Nobel prize in this just think of the applications!
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| Quote ="Northernrelic"Oh my god - we have discovered a magnet which attracts sh*t ...'"
Yes - the technical term for this is an "Odsal".
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| Quote ="tigertot"Yes, I fully expect no reaction from anyone, whatever the decision.'"
Of course there will be TT, but the phoney outrage that will result is surely going to be more readable than the pages and pages of sanctimonius BS that has been all over this thread.
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| Quote ="tigertot"My closet Bulls affections hope for a 4 or 6 point bonus. My unhealthy, sick sense of humour wants it just to see the Wakey board explode. If you get anything back they want a judicial review of the conduct of the RFL.'"
I'm banned from the Wakefield board after pointing out the flaw in Carter's financial management - basing his financial projections on a requirement to get gates of 17K. Despite the fact that a) the next game is against London and b) the ground only holds 6K.
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| Quote ="Ferocious Aardvark"Yes - the technical term for this is an "Odsal".'"
But of course it's ironconic!
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| Thank god we didn't call it an "Edsel", that could have been a right disaster.
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| Quote ="Bulliac"Thank god we didn't call it an "Edsel", that could have been a right disaster.'"
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| Quote ="mystic eddie"... pages and pages of sanctimonius BS that has been all over this thread.'"
.... and the reason you are such an avid reader of "pages and pages of sanctimonius BS" is: ??
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