Another poor Smurf decision

[Jacko51]

On the 20th November 2012 Alchemy Land aqcuired Vale Park for 700k and PVFC acquired the Golden Share for 550k

 

And Alchemy Land still has its fixed assets listed at £700K in its latest accounts so how has it increased five fold in value in the last four and half years? And did Norman pay the £700K to himself or did it appear in the accounts of the football club?

[PENNY BLACK]

Smurth cant remember what he's said from one day to another, lets just face it the bloke has got in so deep and he just cant come up with any sensible explanations, and he forgets what explanations he has given.

 

Understood

Not good with dates or peoples names either stress or aggorance

[PENNY BLACK]

And Alchemy Land still has its fixed assets listed at £700K in its latest accounts so how has it increased five fold in value in the last four and half years? And did Norman pay the £700K to himself or did it appear in the accounts of the football club?

Sorry do not understand the question

Up to him to decide when to revalue or at disposal

700k to himself?

[Timothius]

When l questioned things when l got to meet him l understood he was a non resident for tax purposes until after 6 April 2013.

Also he was not aware he was the preferred bidder having 100k of his money spent until it was announced on Sky why he was residing in Monaco.He actually came out in shingles when he found out

PW bought PV for his own vanity using Smurfs money to live the dream many contracts entered into were criminal for a Club of PV size

Alsohe stood by the 13/14 budget given to Mr Adams even though the income was around 800k short

He only made himself CEO to stop some Lawyer who did a number on PW becoming CEO this info coming from some key people of the Supporter Association.

He or Bill Lodey had no Bank Access until after PW left

He enganged a Stoke Legal firm on the instruction of the FL to pursue the stolen funds but gave up after 6 months ironically the Lawyers also ended up being victims of the 60% terms

Smurf has never told me what he is worth but his UK property portfolio in 2013 with no debt was impressive

 

Most of that is complete and utter BS. If you believe that, you must still believe in the Tooth Fairy, The Easter Bunny and Santa.

[Timothius]

Not many people deal in Cheques nowaday its all Chaps or faster payment

 

I don't dispute that, I was simply clarifying the legal situation with regards to cheques and signatories

[Valiant Haze]

Unfortunately in the Football business, emotion plays an integral part in the paying customer ( supporter/sponsor ). Next season your debtor found friend will see a difference in such emotion led spend, unless he miraculously re-invents himself.

 

If 460K was stolen, then where is the police investigation. It's not as if it was in a petty cash tin and mislaid. There will be a trail...

 

The debt supposedly created by Wildes ( Smurf incompetence in allowing such to happen - never mind not noticing 460K missing ) could at least be accredited to areas where it made a difference. With Smurf it's just been wasted on managers non of us supporters would have chose, and an unbelievable amount of cheap players we wouldn't want. Quantities of poor grade materials meaning the job isn't done and the need to be done again and again still remains, only the job is getting bigger

 

a business cheque needs two signatures

 

even a bacs payment needs two electronic signatures from a business account

 

1 signature if agrees by both business partners or bank.

 

 

So any alleged stolen money will have a trace trail...

 

The money was transfered to Wildes Group and then taken out to repay a DLA of Alchemy Inv Group the parent of the then PVFC and Alchemy Land a Company which was insolvent

 

Which would look like an agreed settlement pay-off fee for the departing co director of the company.

If it was not agreed then these monies could have been investigated further by a fraud team.

 

Meanwhile, the bigger picture reads that debt is a fraction of today's figure and the club stands ground asset-less with inferior contracted players of less value from that time. Wilds could have have had a field day with that level

 

Hardy left Laurel but the mess got bigger Stanley

[Jacko51]

Sorry do not understand the question

Up to him to decide when to revalue or at disposal

700k to himself?

 

Are you saying that when Norman bought the club in November 2012 he paid £700K for the ground and £550K for the club? That it was at that stage that the ground and football club were separated?

 

If the ground is valued at £700K in the Alchemy accounts won't there be a significant capital gains tax bill if he sells it for the sort of money we have heard rumoured?

[Timothius]

When a ST or Contract that is paid up front is paid it is detailed as a debt this is why a lot of Credit card Companies will not provide facilities for Football Club if history is poor

I recall when PV came out of admin there was a payment made by HSBC each month as the games were concluded as to remove any risk to them

Smurf does a similar thing with ringfencing ST over the year

For Account purposes it is a liabilty until season ends

 

How is cash in hand a liability? Also under double accounting, for every debit there is a credit. You still cant explain why 12 months previous the figure in the accounts was smaller but we had sold twice as many season tickets. You are clutching at straws

[Timothius]

On the 20th November 2012 Alchemy Land aqcuired Vale Park for 700k and PVFC acquired the Golden Share for 550k

 

And Smurthwaite knew nothing about this? Come on Hugh, no one is that thick

[PENNY BLACK]

Most of that is complete and utter BS. If you believe that, you must still believe in the Tooth Fairy, The Easter Bunny and Santa.

 

I asked for proof to satisfy me losing over 20k l saw the correspondance from the Lawyers and no l do not believe in any of them

I got paid out with others in August 14 nearly 18 months after services and goods provided and inc some other even larger creditors wanted constant updates

You really need to get up to speed

[PENNY BLACK]

And Smurthwaite knew nothing about this? Come on Hugh, no one is that thick

 

I guess it is what is important at the time

But this issue of him doing something wrong with The Stadium is rubbish

[Jacko51]

I asked for proof to satisfy me losing over 20k l saw the correspondance from the Lawyers and no l do not believe in any of them

I got paid out with others in August 14 nearly 18 months after services and goods provided and inc some other even larger creditors wanted constant updates

You really need to get up to speed

 

Does Aurora mean anything to you by the way?

[Timothius]

Understood

Not good with dates or peoples names either stress or aggorance

 

or he's a liar

[PENNY BLACK]

How is cash in hand a liability? Also under double accounting, for every debit there is a credit. You still cant explain why 12 months previous the figure in the accounts was smaller but we had sold twice as many season tickets. You are clutching at straws

 

I am clutching both set of full Accounts nothing more not my money Company or problem

But l do sense you want a fight on anything because you are blinded by emotion hate or something more

Please do not ask anymore if you doubt the replies

[PENNY BLACK]

Does Aurora mean anything to you by the way?

Sorry no