Who's your money on in the takeover 'battle'?

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Bedfordblue said:
Very much 2+2=15 most likely, but Owen Bolt named as person of significant interest in Vici, has also held similar positions in a number of heavy plant supply / lease / distribution company’s, mining companies, Eco recycling businesses, scientific businesses (some of which are linked to alternative fuels), farming (of seeds for fuels) and real estate / development companies. Some of which are linked to the West Midlands.
Joe Bamford (board member of JCB and heir to the ‘throne’) has an interest in alternative fuels and of course JCB. He is also a billionaire.

So when you join the dots, you get:
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The Bamford family were one of the biggest backers of Boris Johnson mate which will go down well here :lol:
 

Simon Buttle said:
The Bamford family were one of the biggest backers of Boris Johnson mate which will go down well here :lol:
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I did notice that, big brexiteers, and I believe hosted & part funded Johnson’s wedding… albeit I believe that’s led by the arl fella and current chairman of JCB.
Hopefully the apple fell far from the tree with Joe Bamford.
Besides it’s quite a reach anyway - but who knows!
 
I've read a lot about the possibility of a buyer putting the monies owed to A-Cap or whoever in an escrow account to be left there for the final creditor to claim, whenever the legal issues are sorted. In tandem it's asked why a buyer would commit to putting the full amount owed away like that and not want a haircut. Whatever funds were put aside would earn tidy interest, surely that would mitigate any further uncertainty.

But that seems to be the only way forward. It's the possible reputational issues that come to be associated with assuming a debt that was loaned with stolen money or otherwise unethically acquired that seems to be more of an issue though. From a moral viewpoint who could have any argument with repaying money, short of whom it actually belongs to in the end?

Perhaps the two factors together just represented too much hassle for TFG.

Potentially though they may not be so problematic for some other group. But in the short term if another buyer came forward, doesn't it then look that they are ok with the strange circumstances here whereas TFG were not? That has to be considered.

Either way, aside from getting even 1p from a buyer, Moshiri should get sweet nothing and pay an investor to buy us out. He should also immediately resign as a director and ensure a full board is appointed. We can't continue to operate on an interim basis like this.

Kenwrights RMF lackeys have a lot to answer for here. If they hadn't blocked MSP we would have been under new ownership already and without this 777 mess.
 
brieverton said:
I've read a lot about the possibility of a buyer putting the monies owed to A-Cap or whoever in an escrow account to be left there for the final creditor to claim, whenever the legal issues are sorted. In tandem it's asked why a buyer would commit to putting the full amount owed away like that and not want a haircut. Whatever funds were put aside would earn tidy interest, surely that would mitigate any further uncertainty.

But that seems to be the only way forward. It's the possible reputational issues that come to be associated with assuming a debt that was loaned with stolen money or otherwise unethically acquired that seems to be more of an issue though. From a moral viewpoint who could have any argument with repaying money, short of whom it actually belongs to in the end?

Perhaps the two factors together just represented too much hassle for TFG.

Potentially though they may not be so problematic for some other group. But in the short term if another buyer came forward, doesn't it then look that they are ok with the strange circumstances here whereas TFG were not? That has to be considered.

Either way, aside from getting even 1p from a buyer, Moshiri should get sweet nothing and pay an investor to buy us out. He should also immediately resign as a director and ensure a full board is appointed. We can't continue to operate on an interim basis like this.

Kenwrights RMF lackeys have a lot to answer for here. If they hadn't blocked MSP we would have been under new ownership already and without this 777 mess.
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Agree with all of the above but RMF haven't got anything to answer for.

Bill used them as a credit facility and they've provided a service.

Bill is the one who's got a lot to answer for getting in bed with them in the first place..Vibrac..and Moshiri.
 

Exeter_Gently said:
Agree with all of the above but RMF haven't got anything to answer for.

Bill used them as a credit facility and they've provided a service.

Bill is the one who's got a lot to answer for getting in bed with them in the first place..Vibrac..and Moshiri.
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Yes I guess so, but it's very frustrating. But it was as I've seen described, as a sliding doors moment.

The events of the past 24 hours to me point to a consortium of investors being the most viable option rather than any single group. So, something like Vici emerging again.

It was curious that there was talk of Bell and Downing being minority investors with TFG earlier in the week. It seems credible that it may have been discussed. TFG either don't want to do it at all now, don't want it under these conditions, or don't want it as the sole partner. They supposedly had previous interest in a minority stake. I can see why.

A group of investors with different profiles coming together, collectively assuming the risk. That seems to be the most viable path forward.
 
In the statement from the club it suggests both sides decided to move on.
It’s seems to me that it could be due to negotiations breaking down rather than just the 777 issue.
I wonder if Moshiri has moved the goalposts as he had previously been accused of?
I wonder if that will be end of them? I’m not so sure
 
brieverton said:
Yes I guess so, but it's very frustrating. But it was as I've seen described, as a sliding doors moment.

The events of the past 24 hours to me point to a consortium of investors being the most viable option rather than any single group. So, something like Vici emerging again.

It was curious that there was talk of Bell and Downing being minority investors with TFG earlier in the week. It seems credible that it may have been discussed. TFG either don't want to do it at all now, don't want it under these conditions, or don't want it as the sole partner. They supposedly had previous interest in a minority stake. I can see why.

A group of investors with different profiles coming together, collectively assuming the risk. That seems to be the most viable path forward.
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100 percent mate.
 

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