Mass cull of Cattles chiefs - 01/07/2009

[andie_303]

Mabey they are hoping HMG will step in and save them.

 

Apparently some of the big banks did lobby for Cattles to be included in the bail out. No suprise really as the banks concerned are the major creditors.

 

David

 

I believe David Davies MP lobbied to have them included!!!

[cashins]

I believe David Davies MP lobbied to have them included!!!

 

Interesting, I hadn't realised Cattles close connection to Monmouth:rolleyes:

 

David

[Rhia]

I was just going to ask which David Davies MP? It's the Welsh one is it? They are both Conservative I think. Thought the Welsh one was Labour at first but not sure.

[cashins]

David DaviesConMonmouthMember, Welsh Affairs Committee

 

david

[cerberusalert]

I was just going to ask which David Davies MP? It's the Welsh one is it? They are both Conservative I think. Thought the Welsh one was Labour at first but not sure.

 

Or was it the David Davis (Con) for Haltemprice and Howden? Cattles originated in Hull as a family business and employs (ed) several hundred people there. Cattles | Origins

 

http://www.redundancyforum.co.uk/showthread.php?t=297

[cashins]

I assumed from the original post it was Davies.

 

If indeed it was Davis, it would make more sense as he would have a legitimate interest.

 

david

[PGH7447]

FT.com / Financials - Cattles bondholders plan to step up pressure on debt talks

 

 

Cattles bondholders plan to step up pressure on debt talks

 

By Anousha Sakoui

Published: July 21 2009 03:00 | Last updated: July 21 2009 03:00

 

Bondholders of Cattles have been working on a plan to seek repayment, potentially increasing the pressure on negotiations over a restructuring of the subprime lenders' debts.

Holders of the outstanding bonds due in 2017, on which the company recently defaulted on interest payments, have been working on plans to send a so-called acceleration notice to HSBC, the trustee of the bonds, according to people familiar with the matter.

A notice of acceleration is a request for repayment. More than 25 per cent of holders of the 2017 bonds, the necessary minimum needed, have backed the move.

A spokesman for Cattles declined to comment.

[cashins]

A notice of acceleration is a request for repayment.

 

Sent them a DN then:lol:

 

It is perfectly possible that the smaller bondholders have no interest whatsover in the banking consortiums plans to save their own backsides.

 

David

[UnmoderatetheNet]

Going down, going down, going down, going down, going downnnnnn. going down, going down, going downnnnnnn:cool:

[postggj]

Ditto

Ditto

Ditto

 

Even N Finance

The Little Guy Controls The Big Boys With Enough In Agreement

 

Seems They Want There Money And Are Sick Of The Cattles Bs

[cashins]

Even N Finance

The Little Guy Controls The Big Boys With Enough In Agreement

 

Seems They Want There Money And Are Sick Of The Cattles Bs

 

It must be obvious as well that if Cattles are to go on, it would only be with management appointed by the consortium, to look after their interests.

 

David