Breaking News Chairman's Statement - OS

[Cricko]

Indeed, a crumb of hope there.

RM seems certain that the monies will be in place (However that maybe) by next Weds, to pay the debt in FULL to HMRC.

Well you read it differently to me Lee.

 

[Aberdeen Shrimper]

Indeed, a crumb of hope there.

RM seems certain that the monies will be in place (However that maybe) by next Weds, to pay the debt in FULL to HMRC.

Ok, I will fess up......I'm lending him the money, but keep it to yourself for now mate.

 

[Napster]

I don't like it one bit. Now properly worried.

 

[Jam_Man]

Well you read it differently to me Lee.

Me too, theres nothing there to say we will be any better in a weeks time.

He is saying he wants to be able to repay all debts in full and will be able to do so shortly, but I dont think he means by next week...

 

[ldnfatso]

Fear not, The Sheik will sort us out!;)

 

[Hooly]

Bugger! I was looking forward to an hour out of the office down at court & I can't make the 4th due to a meeting. How inconsiderate! :thumbdown:

 

[Cricko]

To me it reads-I have done my best and here is the proof and he needs more time,which he isn't going to get.

 

[EastStandBlue]

Look. RM says a lot without actually saying anything, if you catch my drift. Ignore the first half of the statement, it's not necessary and is only paying lip service to the debt he's written off in the past. Quite what this has to do with anything is beyond me, as it's not going help here.

He then says that the we need a further, short respite to pay Mr Tax Man. He's alluding to the hearing on the 20th November where, if given the green light, we come in for a windfall from Mr. Sainsburys and we can pay Mr. Tax Man. Only, the HMRC isn't any ordinary creditor willing to give us an extra fortnight to pay. If we don't pay by Wednesday, we'll be in Administration and docked 10 points.

The only way I can see this coming off is if we can settle with the HMRC to pay a downpayment next week, explamping our actions to pay the bill in full, with the understanding that the rest will follow when the green light is given. It's a huge risk, but it's all we have.

 

[CarrowRoad_Hero]

You’re going down, you’re going down, you’re going, you’re going to league 2.

To the theme of “Three lions”

 

[GBJ]

What still baffles me, is the fact that for the past 3 months, we've heard the debt will be paid before the deadline.

So, in case i'm just being stupid, can someone clarify, where was the money supposed to be coming from, and why hasn't it materialised?

Was it the Sainsburys deal? Or something else?

 

[Jam_Man]

You’re going down, you’re going down, you’re going, you’re going to league 2.

To the theme of “Three lions”

We probably wont.

You are in league one already.

And ?

 

[EastStandBlue]

What still baffles me, is the fact that for the past 3 months, we've heard the debt will be paid before the deadline.

So, in case i'm just being stupid, can someone clarify, where was the money supposed to be coming from, and why hasn't it materialised?

Was it the Sainsburys deal? Or something else?

The Sainsbury's deal... The final planning meeting was postponed until November 20th. If we were given permission at the first date (August? I think) then we would've paid by now.

 

[Yer Blues]

You’re going down, you’re going down, you’re going, you’re going to league 2.

To the theme of “Three lions”

**** off you odious little prick.

...

 

[BrettieAngell]

So basically if HMRC continued with the winding up order we would have gone into voluntary administration today, yes?

 

[EastStandBlue]

So basically if HMRC continued with the winding up order we would have gone into voluntary administration today, yes?

Certainly seems that way...

 

[Cricko]

The only way I can see this coming off is if we can settle with the HMRC to pay a downpayment next week, explamping our actions to pay the bill in full, with the understanding that the rest will follow when the green light is given. It's a huge risk, but it's all we have.

I doubt the Tax man will see it quite as clear...for 1, although we think there is no problem with the revised plans supposing there is and more alterations need to be made...I just can't imagine them saying ok no worries let us know when you are ready...they have after all waited a long time already for there Monies. I think they have moved the goal posts and gone for administration as they know we can't pay and they cannot rely on plans that are not passed etc as that is nothing to do with them.

 

[BrettieAngell]

Certainly seems that way...

But for some reason, HMRC wanted to put us into adminstration? Its so bloody confusing.

 

[DTS]

I am more lost than I was at the start of the day which I thought was impossible.

 

[Jam_Man]

So basically if HMRC continued with the winding up order we would have gone into voluntary administration today, yes?

No dont think so.

He says in his statement we want to pay all debts in full, going into administration would allow us not to.

I think we were just after more time to pay?

 

[EastStandBlue]

I doubt the Tax man will see it quite as clear...for 1, although we think there is no problem with the revised plans supposing there is and more alterations need to be made...I just can't imagine them saying ok no worries let us know when you are ready...they have after all waited a long time already for there Monies. I think they have moved the goal posts and gone for administration as they know we can't pay and they cannot rely on plans that are not passed etc as that is nothing to do with them.

That's exactly the risk... As I said, it's a huge risk and an enormous long shot, but at the moment it's all we have without entering voluntary administration.