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..both SPML/PML showing losses on the p&l account, PML would be balance sheet as well as 'trading' insolvent if it was not for the £25million share issue to Preferred Group Ltd-thought they were dead with no directors? 1. STILL need the 09 accounts, as Lehmans went down in Sept.08, so the accounts which will show that there is bugger all in these 2 JAWs, are the 30/11/09 due in August this year. 2 securitisations took place in 08, so this has just added to the net assets, but both made massive losses on p&l. 2. Both trading insolvently. 3. Huge intercompany debts written off, and 'going concern' special note that E&Y say the affect is unknown such that the thing could collapse at any time- no sh!t. 4. I stick to the contention, that these JAWs are both trading & balance sheet insolvent(OP) and if the intercompany creditors called in their debts, they would have been dust from the day Lehmans went down. 5. So all the accounts say they are winding down the businesses; SPPL & LMC are are dust, and look to be wound up. 6. SPML & PML as Attia is keeping these alive, what are the odds the 09 accounts due, will be on time? Prosecution continues. 7. Keep the pressure up with CIB, they are still 'trading' insolvently and illegally conducting repos. 8. Well done all, we got 2 KIA and 2 WIA, follow up the blood trails, and we'll kill off SPML/PML too. Remember anyone with SPPL/LMC should now have enough from these accounts/NO directors etc., to stop any repos in court action. Makaveli KwA
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