trousers

Nutshell

@joshooiveld20: Played well, werent as good in the finishing as Reading tonight! Heads up, we're going again on tuesday!

^ this

Do you know what percentage of the vote he will have? Cheers

Rally

http://www.amazon.co.uk/exec/obidos/ASIN/B000KKNQBK

If , as Birch says, HMRC have no effective say in whether CVA2 is approved or not, why were HMRC seemingly content in February for the judge to put the club into administration again? It would seem, by supporting Birch's appointment, that they have shot themselves in the foot? They would surely have been better off campaigning for liquidation than going along with the administration option again? Unless I've not fully understood or recalled what the options were in January/February after HMRC petitioned for a winding up order?

How the **** have HMRC gone from being owed "double figure millions" (old CVA + new debt) to a measly £2m? Even Ocean ****ing Finance aren't that good at consolidating debts FFS

Another one of my ignored questions was: "What incentive is there for a CVA1 creditor to vote for CVA2?"

Ok, so what do we make of all that in a nutshell then? None the wiser? I'm a bit disappointed he ignored all questions from "HelpMeRhonda"....

14:08 [TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From WOZ Trevor thonk you for not answering the difficult questions [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:05[/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Josh Would you put some of the blame on the Football League for Portsmouth being in this financial position?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:06[/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: No [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] 14:07 [TABLE] [TR] [TD][/TD] [TD]Trevor: Thank you all ... I have to go now and I am sorry I have not been able to answer all the questions. But I have tried to pick out the main themes. I'll look at all the questions I have not got to immediately and will give answers to The News to be published later. [/TD] [/TR] [/TABLE]

Likewise...I asked him if Baker Tilly were still custodians of the old CVA (and whether that reverted to the original 100% amounts) and what part they might play in agreeing the new CVA..... Completely ignored...which, again, probably tells us something....

Well, jolly well ask it the right way around next time....

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:58 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Albert Road Given the state if the ground, and the lack of investment when we had money, are we really an attractive proposition for a buyer ..even ignoring the debts ? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:59 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: I think this is a good question Albert Road because undoubtedly if the £100M of debt across the two administrations had been invested in infrastructure, the club would have been a far more attractive proposition [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]3:56 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Ian Limb With the cva will it be the HMRC who holds the cards? they always vote against any CVA so is it likely we will get overall creditor agreement? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:57 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: They will vote against the CVA because they vote in principle against the football creditor rule. But they are only owed £2m and therefore will not be able to stop a CVA [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:53 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From PompeyMad Has chanrai said anything about saving the club other than a few months ago to the press? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:54 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Again,, I am still talking with him. He doesn'tt want to own the club but in a last resort situation may feel compelled to get involved again [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

Likewise. He's avoiding that one like the plague. His lack of answer tells us what we need to know though....

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:49 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Traftragen You said that "the would-be owner has to make an offer which can then form the CVA". Could you explain this please? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:50 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Moneys paid by a new owner would be put into a pot to pay a dividend to the creditors. That's how I see it working. The creditors would then have to vote on whether to accept [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:44 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From BigLuca So let me get this straight...... We are £50 odd million in debt but if someone offers £6m to buy us that would be used to pay the debt if the creditors agree to it and there would be no debt after that???? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:45 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Correct, Big Luca [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:40 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Brendon What is the situation regarding the remaining parachute payments? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:41 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: At the moment we have two years worth - £14m, including £2m assigned back to the old company for the benefit of Mr Gaydamak [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:38 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Albert Road Surely the fans trust buyout scheme will not be able to raise more money than the creditors would get from liquidation? If so it's hopeless isn't ? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:38 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Not necessarily. I think you are being unduly pessimistic [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:36[/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From a tru blu Have the FL actually told you, that there will be points deductions for failing to honour CVA1?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:36[/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: No[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] That question was missing a "no" surely? (as in "no points deduction")?

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:33[/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Nedrack Seen your report. So does this mean that Portpin did fund Pompey with £250k after CSI collapse? And how much do Pompey owe CSI, £10m or £20m?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:34[/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: They injected money to fund the December payroll[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:34 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: CSI is owed £10m[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]