The Vice Closes


As an exercise in propaganda, mis-representing the facts, belittling people …

Comment on The Vice Closes by Homunculus.

As an exercise in propaganda, mis-representing the facts, belittling people and generally being an offensive buffoon Chris Jack has managed to surpass even his own standards with this tripe.

Homunculus Also Commented

The Vice Closes
OCTOBER 8, 2017 at 23:10

I think we need to bear in mind that this matter is going to the Court of Session because he has refused to follow the Panel’s instructions, after having lost his appeal. If Dave King does not follow the CoS instruction then I think they may go beyond the “cold shoulder”.

If he fails to follow their instruction I imagine that would be considered contempt. That would not be a good place to be. He may end up not being allowed to be a director of a UK company for example.

On the matter of whether people would take up the offer or not, which I don’t believe actually makes a difference, how can anyone say that. For the last couple of years 25% of the shareholders have rejected the special resolution put to them. If we assume that included Mike Ashley then that would still leave 16% or so who may well just want out of the whole shambles. If they are offered 20p for shares in a failing business which is racking up debt year on year they may just decide to take it.

Interestingly that would take King to just over 30% of the holding. Would he have to make another offer at that stage. As himself / New Oasis, rather than because he led a concert party.

Last thing, maybe he is being so recalcitrant because he simply can’t afford to make the offer.

The Vice Closes
OCTOBER 8, 2017 at 13:35

Thanks for that. I suppose it makes sense to give them a chance to do the right thing, even if you are fairly certain they aren’t going to.

It took a few years after Farry blatantly cheated but he was eventually brought to task. 

The Vice Closes

Maybe someone can explain this, what does a “tax bill crystallizing” mean.

As far as I am aware as soon as HMRC issue an assessment (bill) then the tax is due. They may hold back on enforcing the debt if the taxpayer appeals the bill however the money is due. If the appeal is successful then the bill may be reduced or withdrawn.

Looking at investpedia  it defines crystallization as follows

“Crystallization is the selling of a security to trigger capital gains or losses. Once a capital gain or loss has been realized, investment tax applies to the proceeds.”

The financial dictionary provides

“The act of selling an asset and immediately buying the same asset back. 
One does this for tax purposes; that is, one sells the asset in order to realize a capital loss, but buys it back because one believes it still represents a solid investment. Most tax agencies have rules forbidding or limiting crystallization.”

So I’m not really sure what people are talking about when they say that a tax bill had or hadn’t crystallized. Under appeal I can understand but not the notion of it not having “crystallized”. 

Recent Comments by Homunculus

It Is Better To Offer No Excuse Than A Bad One
He has a logo already

It Is Better To Offer No Excuse Than A Bad One
JANUARY 2, 2018 at 16:03

Not the humility then.

It Is Better To Offer No Excuse Than A Bad One
JANUARY 2, 2018 at 15:37

You guessed, what gave it away.

It Is Better To Offer No Excuse Than A Bad One
Our hero, and he really is a hero is at it again with his self-effacing prose.

“I cover every issue and more often than not you will read it here first. If I were a Superhero and not a mere blogger I would literally champion the oppressed. However as one who believes  that the pen is mightier than the sword I revert to keystrokes. I have never had a tattoo but if I ever decided to go down this route I would choose the Palestinian flag. However as this might offend one of my my best friends, Max in Tel Aviv, I continue to demure.”

I’m assuming he means demur, however he could well be a shy, modest lady. 

The heroism continues

“When it comes to murderers who remain at large this site will continue to hold the most the most odious mass murderer since Pol Pot, Tony Blair, to account. Given half a chance I would fell him with a single head-butt or induce irreparable damage to his frontal lobes with an upward punch to his nose. Suffice to say I have sufficient training in martial arts to make this blow count. People like Blair are immune to the pen. This lily livered pansy deserves the sword.”

Can you guess who it is yet. 

It Is Better To Offer No Excuse Than A Bad One

THE case for retaining Hampden as the home of Scottish football has been dealt a blow after a survey found just 15 per cent of fans were happy to stay put.


The Scottish Football Supporters Association (SFSA) carried out a survey of just under 3,000 of its members and found only a sixth wanted to see major internationals and cup finals staged at Hampden.

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