Prev: NG Stats for July - Good or bad?
Next: hey lally, if you knock us off us perch........
From: CJM on 5 Aug 2010 06:34

"michael adams" <mjadams25(a)ontel.net.uk> wrote in message
news:8btalvFt4cU1(a)mid.individual.net...
>

>
> While what you're say is true I'm not sure how anyone can actually force
> H&G to
> sell their shares, if they point blank refuse to. Whatever anyone says.
> Its not as
> though they can kidnap and torture them until they sign on the dotted
> line. Presumably
> it would take a Court Case which could drag out for months while in the
> meantime the bird
> - the buyer may well have flown
>
> This is assuming they don't default on their repayments to RBS. However
> given the
> amount they've been siphoming out of the club this is unlikey IMO. If push
> came to shove money would probably start appearing from all over the place
> to save the day. But that's only a guess.
>
>

If a good deal is tabled, and the Board vote to accept it, either H&G can
sell... or they can refuse, in which case RBS can call in the loan...

If they do refuse, and RBS call their bluff, it will be the beginning of the
end for them, but as you rightly point out, if you are lacking in scruples
like these guys, you can make quite a long, noisy mess on your way out.

I think Gillete is more likely to be reasonable, but Hicks is stubborn and
would probably biting off his nose to spite his face...

First  |  Prev  | 
Pages: 1 2 3 4 5 6 7 8
Prev: NG Stats for July - Good or bad?
Next: hey lally, if you knock us off us perch........