Accountability, Transparency, & Brave Sir Robin

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I might be wrong here but this  time there is …

Comment on Accountability, Transparency, & Brave Sir Robin by bfbpuzzled.

I might be wrong here but this  time there is a real, not conjured out of the ether, holding company and a Club.  The club owes huge amounts to the holding company as well as to others. Might the Club die and the holding company live? I find that paradoxical prospect to be potentially perfect.

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Accountability, Transparency, & Brave Sir Robin
Torrejohnbhoy
just joined that same club -apparently I am wandering about with a constant glaikit smile and have received many warnings from the wee fellows mother as to my future behaviour vis a vis adventures oil grease mud and more – canny beat it?


Accountability, Transparency, & Brave Sir Robin
The club is in brackets after the company is to indicate that word club is used in the document it is to be read as synonymous with company – they are one and the same, always have been always will be. Additionally the only way to buy the club would be to buy the company via its shares. The shares were not bought as part of a basket of assets at any stage. Truth will out.


Recent Comments by bfbpuzzled

It Is Better To Offer No Excuse Than A Bad One
Anent the “assume the shares are worth 20p”-there is the rub. There is no market where there are sufficient trades in proper arms length transactions to come to a sensible valuation. Nor is there enough information to come to a justifiable view on underlying asset value to generate a price.
(Homunculus you will like this) I did a lot of day and short term trading in shares and bought some wild and woolly stuff including shares in property companies in emerging markets in Eastern Europe and could extract enough information not only to come to sensible views on value but to make good returns.
Even having done that, I would not have a clue on the correct value of a TRFC/RIFC share, yet every man and his dog of the blue persuasion can confidently assert that the value is not 20p but 27.5p. 
All of that is before considering the record of DCK both commercial and criminal.
What could possibly go wrong? 


It Is Better To Offer No Excuse Than A Bad One
IN addition to what Jimmy Bones said I am taken by the use of the quasi-equity chimera. I can already hear the claim that “we’re no in debt but in quasi-equity”. Equity sounds like a much more positive word than debt. Max Bialystok can be seen selling this quasi equity to the aficionados passing the ownership of the loans to them. Ridiculous, yes impossible, no.
How much value does this quasi equity hold? There is some merit in the saying that “the only way to value something is to sell it.”

Homunculus
I shall send a pm- but I am getting spooked by Govanhill Bedsits, Fitzgerald Lodge Management and John James as a pseudonym-things are strange enough.


It Is Better To Offer No Excuse Than A Bad One
And if someone blew up the moon there would be no more moonbeams 


It Is Better To Offer No Excuse Than A Bad One
Homunculus
The reference to a protruding lug is quite telling and suggests detailed knowledge. Perhaps you could complete the following litany Pat Jim Oweny…
The conversion of loans to equity wheeze is eternally puzzling. The underlying asset values are hard to pin down and many of the values attached might be described by an unkind person as specious. Looking at discounting future profits to get a value would not give positive value on any realistic assumptions.
To convert loans to bits of worthless paper seems to be the modern equivalent of Weimar Republic hyperinflation and money in barrows.
I cannot understand it 
The idea of leaving Hampden behind seems to be gaining traction the plain fact is that Murrayfield is better Stadium. Hopefuly using Murrayfield with its long history of unsegregated crowds and good humour might remove some of the more ludicrous behaviour of certain football fans.  It really is a breath of fresh air compared to some of the super partisan grounds.


It Is Better To Offer No Excuse Than A Bad One
Homunculus
I have a brother who was mistaken for me recently, something to do with lugs and beards-someone thought I had given up my freelance theology activities to work for a living, I near took a bad turn.
If you need any square go assistance I am quite happy to provide my bear chewing a wasp face in support as required
The umlaut is much mangled by football commentators when reading German names  Hassler for Hessler comes to mind


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