Begbies Traynor letter

[Vale]

Thanks. To my shame, I didn't realize the supporters' club had a website.

 

http://www.portvalesupportersclub.org

http://www.facebook.com/portvalesupportersclub

https://twitter.com/#!/ValeSupporters

[grebovale]

Just spent 2 hours reading on the website and noticed Stan Meigh as no shares,unless I read it wrong,bit confusing how to fill in the forms av received,will check out S/C website tomorrow

[ontopgate]

Meigh's share are in Grindco with Jackson's aren't they? Not that v2001 would allow anyone to break their constitution and work together or anything.

[Vale]

Just spent 2 hours reading on the website and noticed Stan Meigh as no shares,unless I read it wrong,bit confusing how to fill in the forms av received,will check out S/C website tomorrow

 

Yes, they would have used their grindco shares, the same as Dave Smith isn't listed as having any as his were with his company

[Santa]

I thought Stan had a private shareholding also.

[grebovale]

Noticed also that Bratt as 40 shares

[Jacko51]

Just spent 2 hours reading on the website and noticed Stan Meigh as no shares,unless I read it wrong,bit confusing how to fill in the forms av received,will check out S/C website tomorrow

 

Stan Meigh is on the list with 13,004 shares in his own name.

[Jacko51]

Noticed also that Bratt as 40 shares

 

That is William Alistair Bratt not William Amos.

[Warren]

The creditors list is a typical Pareto curve. In other words there are lots of little guys but it's the much fewer big guys who count and most obviously the Council. The list is not as bad as I expected overall, but clearly the bubble of trading losses offset with increasing debt had burst and HMRC were right to act to prevent further losses and to stop the club trading insolvently. I am sure they are haunted by Rangers. Maybe the Council has been too soft during the loan and should have enforced terms and conditions more. I hope there is a genuine two stage process going on. Firstly sort the club's future and get back money for the creditors which is readily achievable. Second, behind closed doors and over a longer period, deal with misconduct by the past directors. I hope this second stage does have genuine intention and substance accepting the need for cost / benefit analysis in civil recovery decisions where no criminality is involved

[griff74]

Very concerned at how my 11 year old Daughter has received one of these letters. Yes she holds a season ticket, but it addressed to her, not parent or guardian of.

I'm sure this isn't the correct procedure. ??

[Ron Futchers combover]

Yesterday i received a letter from begbies traynor regarding adminstration and CVA and also gave me a proxy for a meeting of the creditors on a meeting held on the 26th april. Has anyone else recieved this letter as i do not understand why i have been sent this

 

Thanks for anyones help

[tonyh]

The creditors list is a typical Pareto curve. In other words there are lots of little guys but it's the much fewer big guys who count and most obviously the Council. The list is not as bad as I expected overall, but clearly the bubble of trading losses offset with increasing debt had burst and HMRC were right to act to prevent further losses and to stop the club trading insolvently. I am sure they are haunted by Rangers. Maybe the Council has been too soft during the loan and should have enforced terms and conditions more. I hope there is a genuine two stage process going on. Firstly sort the club's future and get back money for the creditors which is readily achievable. Second, behind closed doors and over a longer period, deal with misconduct by the past directors. I hope this second stage does have genuine intention and substance accepting the need for cost / benefit analysis in civil recovery decisions where no criminality is involved

I wonder how "little guy" Deakin will vote? If he gets 3p in the pound, that will be 42p.

[Vale_Legend]

I had a letter as did my 5 year old daughter. I'm assuming it's as we have season tickets and are classed as a creditor.

[vale2010]

I also had the letter and i'm in the same boat about why i would receive one, maybe everyone who are season ticket holder get one.

[Guest fitzgerald_pvfc]

I know it's 3p in a pound, but how much money will I get from Mr Ryder from my season ticket ? I don't understand.