Pompey Takeover Saga

[Gemmel]

His Abu Dhabi links are to an investment fund in Hotels and resorts.

 

Oh and that is PRICELESS..

 

Linkedin shows linked people that you know who have links to the people who have links to...

 

And all I can say is

 

:lol:

 

Oh Dude, not again, really, the last one was funny enough

 

http://www.linkedin.com/pub/khalifa-mohammed-al-mazrouei/23/b4a/61a

 

This one is all about hedge funds, hotel investment and football.... He is linked to the cala profile.

 

Is he a genuine player down there Phil

[pedg]

http://www.portsmouth.co.uk/sport/po...ikou_1_3405192

 

Andrew Andronikou: "‘We need to have the new buyers in as soon as possible to take the club forward."

 

Erm...can someone explain what this has to do with the administration of the company called "CSI"?

 

In other words, why is there a need for Pompey to have "new buyers as soon as possible" when there is no fiscal connection whatsoever between Portsmouth Football Club 2010 and CSI?

 

Someone help me out here.

 

Confused.com

 

My guess would be that if they don't get a buyer soon then they will definitely get a points penalty and the chances of getting a buyer will then go down, possibly to zero depending on the size of the penalty. With NOS going pop it looks like selling pompey is the only way for Chainrai to get any money hence him keeping them on life support once CSI went into admin.

[tony13579]

It has been less than 3 hours and thi SWF have completed the fit and proper persons test. LOL

[trousers]

http://www.stockpatrol.com/article/key/cala

 

[h=1]THE UNDERSEA WORLD OF CALA CORPORATION (OTCBB: CCAA)[/h] [h=2]Investigative Reports[/h] September 26 2000

Cala Corporation says it has plans for a series of ventures that will cost, by our conservative estimates, somewhere in excess of $1 billion. That seems mighty ambitious for a Company that, at last report, had just about $13,000 in the bank. In fact, if Cala pulls off its plans, it may have to change its name to superCALAfragelisticexpialidocious Corporation.

 

In recent months, Cala has announced plans to purchase an Italian construction company; buy a 23 story office complex in Naples, Italy; franchise a chain of Italian coffee shop/bakeries; import olive oil; operate a golf course in Sicily, Italy; develop a $150 million hotel and a $247 million water treatment plant in Istanbul, Turkey; develop a $520 million resort in Mexico; and export flour from Sicily. And that does not even include the Company’s flagship project – construction of a chain of “Undersea Resorts and Casinos.”

 

Cala has not revealed all of the potential costs for each of those projects, but they will surely require more than the $13,000 Cala had in the bank on June 30th. They will also mark a quantum leap for a Company whose present operating business consists of a single “Ground Floor Café” in Oklahoma City, Oklahoma, and whose earlier efforts to operate other restaurants proved largely unsuccessful.

 

How does Cala plan to transform itself from a small financially-challenged operator of regional restaurants to an international conglomerate? That is a question investors should be asking. We know we are.

 

 

 

[h=2]Six Degrees From Oklahoma[/h] Say a stockholder wants to visit the offices of Cala Corporation. Where in the world - literally – would he or she go? The Company’s website says Cala is “based in Silicon Valley, California,” but, for now at least, that seems to be wishful thinking. While Cala recently announced plans to relocate to San Francisco, at some unspecified future date, it has yet to announce the location of that new office.

 

For the time being, Cala remains right where it has been, in Oklahoma City, Oklahoma. That might not have quite the international cache of Italy, or the financial appeal of Silicon Valley, but it does remain home to the “Groundfloor Café.”

 

Actually, that Groundfloor Café is the last remaining vestige of the Company’s pre-Cala days. After starting out as Magnolia Foods, Inc. in 1985, the Company changed its name to Creative Restaurant Concepts in 1997, before becoming Cala Corporation in November 1999. Perhaps its third incarnation will be the charm. Over the years the Company has opened, managed and closed a series of restaurants, but profits proved elusive and, by early 1999, only a single Groundfloor Café remained operational.

 

The Company’s November 1999 name change to Cala Corporation came about one month after Giuseppe (Joseph) Cala acquired an option on about 6.2 million shares of Cala common stock held by the Company’s ten largest stockholders. In exchange for that option, Mr. Cala agreed to pay one half of the amount owing on some promissory notes issued by the Company to those stockholders.

 

Mr. Cala acquired another 2.5 million shares of the Company’s common stock, also in October 1999, in exchange for payment of $25,000, his future services, and the issuance of notes to stockholders for $426,797. It is not clear, however, who actually issued those notes, or whether they have been paid, either in full or in part.

 

The public filings offer only a brief synopsis of the agreements with Mr. Cala, and no detailed discussion of his ascent to control of the Company. Few details are offered concerning those “promissory notes” issued by the Company or others, and the ten stockholders who granted options to Mr. Cala are not identified. Indeed the Company’s Form 10-K for the year ended December 1999 lists only four significant stockholders, aside from Mr. Cala – Dulaney’s, Inc. (5,375,000 shares); Teddy Mitchell (1,502,017 shares)’ Gary Modafferi (2,800,000 shares); and Don Zachritz (1,228,078 shares). The only other stockholders named are the Company’s former Chief Executive Officer, Joseph J. Johnson, who held 342,500 shares and its “Interim Chief Financial Officer” Stephen Ko, who owned 12,000 shares.

 

The Form 10-K does indicate that he owned about 10% of the Company at the end of 1999 – 2,546,474 out of the 24.6 million shares that were outstanding.

 

Or did he? According to a Form 13D that he filed with the SEC on April 12, 2000, Mr. Cala acquired 8.7 million shares of the Company’s stock in October 1999, and another 2.8 million shares in November 1999. That’s 11.5 million shares, or almost 9 million more than the Form 10-K disclosed. Indeed, Mr. Cala had filed forms with the SEC reflecting his control of 8.1 million shares in October 1999 and 10.9 million shares in December 1999.

 

But Mr. Cala’s accumulation of shares did not stop there. As of the April 12th filing, he owned more than 21 million shares of the Company’s common stock (46.6% of the outstanding shares). He also owned another 225 shares of preferred stock (Mr. Cala can convert those into another 45,000 shares of common stock), and had warrants to buy an additional 150,000 common shares at five cents a share.

 

How had he acquired the additional shares? The Form 13-D indicates Mr. Cala received 9.5 million shares “in exchange for debt retired when notes payable he acquired in October, 1999 were surrendered to Cala Corporation.” What debt was this? After all, hadn’t Mr. Cala already received 8.7 million shares in exchange for taking responsibility for “promissory notes” owed by the Company to those unidentified “ten shareholders,” and other unnamed parties. Did the Company issue him more shares in connection with those same promissory notes, and, if so, why?

 

One thing is clear. As of June 30, 2000, the Company had issued 47.9 million shares – almost double the number of shares outstanding at the end of 1999. Who received all of those shares? Does the name Cala ring a bell?

[trousers]

http://www.stockpatrol.com/article/key/cala

 

continued...

 

Calas, Calas Everywhere

 

In February 2000 the Company announced plans to acquire Cala Hotels, Inc. of Hawaii for $6 million, to be paid on a “phased, performance related schedule.” The Company did not disclose the details of that schedule, although it did reveal that the first of those “phased” payments called for issuance of 10 million shares of Cala stock.

 

Who owned Cala Hotels? In other words, who would be receiving those 10 million shares, and the rest of the phased in payments? Did Joseph Cala have any relationship with Cala Hotels, and did he stand to benefit from the issuance of those shares? The Company’s public disclosure does not provide the answers to these questions.

 

Why was this acquisition worth $6 million (a handsome price, even these days when a million dollars isn’t what it used to be)? Did Cala Hotels own or operate any hotels at the time? We have been unable to find any indication that they did.

 

Nor did the Company suggest that it would be acquiring any operating properties in the transaction. It merely stated only that Cala Hotels had done “extensive research and development work” on the “Undersea Resort & Casino.” It offered no further details of the state of that R&D, or whether the proposed resort is anything more than a fanciful notion.

 

Had Cala Hotels determined the feasibility of such a project, or the potential costs? The Company did not say, but in March 2000 the Company announced it had hired a San Francisco, California firm to prepare a feasibility study for the resort. It also retained a design consultant and a naval architect to work on the project. So, if all that preliminary work remained to be completed, what exactly had Cala Hotels done that merited a $6 million price tag?

 

And there are more Cala connections. In November 1999, the Company acquired the rights to a restaurant project in San Francisco, California from Joseph Cala and an individual named Gary Modaferri, in exchange for 5.8 million shares of stock. According to the Company, that “Cascina Italian Restaurant” was under construction in the Radisson Hotel in San Francisco, California.

 

Did Joseph Cala participate in the Company’s decision to take over the restaurant? Or was he disqualified from that process because of his potential conflict of interest? In any event, things did not work out as planned for the Cascina Italian Restaurant. On June 6th, the Company said it had abandoned the project and that the shares had been returned to the Company.

 

But could Mr. Modaferri possibly have returned all the shares he received? A Form 13D that he filed on April 12th indicates that Mr. Modaferri, who had been issued 2.8 million shares of Cala common stock in exchange for the restaurant lease, had returned 558,000 to the Company in March 2000 and gave away another 92,000 to friends and relatives. Even if he subsequently surrendered his remaining 2,150,000 shares, what became of the stock he had “gifted” away?

 

And still more Calas to come. On February 15th the Company hired Vincenzo Cala of Milan Italy to complete floor plans and layouts for its proposed chain of Italian bakery/coffee shops. Is Vincenzo Cala related to Joseph Cala, and if so, how? The Company does not say. Nor does it specify what Vincenzo Cala will receive for his services.

 

With all of these Calas in the mix, is there any surprise that the Company would want to form something called the “Cala Institute?” No, it’s not an incubator for more Calas. The Company says the non-profit Cala Institute will train disadvantaged youths for service in the hospitality industry. Of course, the Institute would not be the first project by the Company to operate without a profit.

 

The Company does not say how the Institute will be financed or when it will begin operations. It does, however, say where it will be housed – Underwater. At the Company’s proposed Undersea Resort & Casino.

 

Hopefully those disadvantaged youths can swim.

 

 

Under The Sea

 

So where does Cala go from the Groundfloor Cafe? How about underwater? The Company’s CEO, Joseph Cala, maintains that the Company’s “emphasis must be on the development of the world’s first “Undersea Resort and Casino.”

 

Just what is the “Undersea Resort and Casino?” Interestingly enough, the Company does not actually describe the project – although it vigorously promotes its prospects. Does Cala actually plan to build a hotel and casino under water? Will it be a free standing (or floating) unit, or will it be housed on a boat or submarine? Or will patrons simply be given a snorkel, a mask and an encouraging pat on the back? Investors are left guessing.

 

The Company does say that the project will involve four phases, beginning with conceptual designs and feasibility studies for potential locations, and ending with construction of the hotels. Does that mean Cala Hotels had not performed all of the necessary research and development? Apparently. In fact, in April, the Company retained Economic Research Associates to “assess the economic feasibility and market demand for various proposed locations around the world.” It also hired the Seattle firm of Guido Perla & Associates “to provide design and engineering.” The Company estimated that costs for Phase One alone would be approximately $570,000.

 

Has Cala paid any of those fees to date, and if so, where did it get the funds? After all, the Company’s meager bank account, and revenues from the Groundfloor Café, would hardly support such expenses.

 

How much will it ultimately cost to build an “Undersea Resort & Casino?” The Company offers no projections, although it has referred to the enterprise as a $100 million endeavor. The actual costs, however, could be considerably higher. After all, Westin is presently building a $142 million hotel in Charlotte, North Carolina – and that is above water (although it will have an indoor swimming pool). Costs for development of the new Aladdin Hotel in Las Vegas have been estimated at $1.4 billion – and that is also located on terra firma.

 

What will those final costs be, and where in the world (or under the sea) will the funding come from? Both questions remained unanswered.

 

There are other fundamental issues to be addressed – like the feasibility of constructing an underwater resort. Or the costs of insuring the project and the guests at the hotel. How, for instance, will they deal with shifting ocean floors, tides and storms?

 

Earlier this month, Cala issued a press release stating that Economic Research Associates (ERA) had completed a “feasibility study with analysis and development for themed attractions for the first Undersea Resort location in the world in Maui, Hawaii.” But did ERA consider the feasibility of engineering and constructing the resort, or just the potential appeal of those “themed attractions?” Notably, the press release did not disclose the results of the “feasibility” study.

 

Those themed attractions will not include a casino. Hawaii, you see, has not legalized casino gambling, so the only chips likely to be available at that Undersea Resort are the salted kind.

 

The Company has said it has a $75,000 contract with ERA. Has it paid that fee? If so, where did the money come from?

 

Cala says it wants to focus on this Undersea Resort & Casino, but that hasn’t deterred the Company from announcing other ambitious plans in recent months. What else is on the drawing board? We will take a look in our next installment on Cala Corporation.

[Gemmel]

http://www.hedgefundloan.com/

 

Or this one....perhaps this is where the money is coming from

 

Daniel Short linked in

[Torres]

He almost makes little Micky Fialka look kosher!

[dubai_phil]

http://www.linkedin.com/pub/khalifa-mohammed-al-mazrouei/23/b4a/61a

 

This one is all about hedge funds, hotel investment and football.... He is linked to the cala profile.

 

Is he a genuine player down there Phil

 

ADFD is a serious operation. If Khalifa is on the Exec Board then he will be an important part of that machine. I'll be meeting some guys from "another SWF" when I go down to the golf in 2 weeks time and will do some digging (if this is still afloat by then)

 

However they would be extremely unlikely to look at investments outside their primary remit.

 

Also as they are linked directly to the Government as a Sovereign Wealth Fund, they will be linked with the Rulers Office which then leads to potential conflicts of interest with teh Manchester City & Etihad Marketing Investment. THAT deal is entirely about building the Abu Dhabi BRAND. I simply cannot see any benefit to them to start a rebuild and they certainly have VERY close links to football and would know all they need to know about our fishy friends and the value of their brand.

 

The guys in SWF's (ooh there is a co-incidence) will be very much more Compliant than the "Property nutters" like Hydra were.

 

Can see these guys backing Hotel & Resort Projects but cannot see them going outside their remit. In which case it would be an independent down there linked to someone.

 

Mind you - you can just see the few turning up to watch from the cheap terraces at their new stadium - wearing Scuba gear - they'll feel right at home down with the fishes.

[Danish Saint]

Are they still considering this joker, or have they not been updated on this thread?

[Weston Super Saint]

SNIP....

 

Under The Sea

 

So where does Cala go from the Groundfloor Cafe? How about underwater? The Company’s CEO, Joseph Cala, maintains that the Company’s “emphasis must be on the development of the world’s first “Undersea Resort and Casino.”

 

SNIP....

 

Firstly, many apologies for snipping you Trousers

 

Secondly, these guys certainly bring new meaning to the phrase 'sleeping with the fishes' I can't think of anyone more suitable for the skates than these guys!

 

And people ask how this thread has reached 47,000 posts! It really is comedy gold sometimes

[ChrisPY]

This thread is getting very repetitive...

 

Anyone fancy mixing things up a bit and putting together a 'consortium'??

[dubai_phil]

This thread is getting very repetitive...

 

Anyone fancy mixing things up a bit and putting together a 'consortium'??

 

Oh keep up, we did that one 3 takeovers ago

[trousers]

http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?formType=10-K

 

Page 26:

 

"NOTE 4: GOING CONCERN

The Company's financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has an aggregate deficit and accumulated deficit during the development stage of $14,078,707 and has not established revenues sufficient to cover its operating costs. This uncertainty raises substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on additional sources of capital and the success of the Company's plan. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty."

Edited 11 January, 2012 by trousers

[dubai_phil]

Someone really should ping a link to page 941 to that chick at Arsenal (and David Conn)

 

If nothing else it would give them a great ROFL

[trousers]

"Wednesday, January 11, 2012 at 10:15 AM

The most concerning element of this report if accurate, is in relation to the CVA payment. I would have expected these monies to have been ring fenced from the pararchute payments, if this has failed to happen, then why oh why have the FL allowed such a situation to occur. All sounds a little unconvincing to me. PUP"

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_takeover_talks_continue_says_andronikou_1_3405192?commentssort=0

[carljack]

A remake of STINGray.

[saintjay77]

AA Said:

"He added that if the deal goes through the new owners will have funds to meet the first instalment of the Company Voluntary Agreement (CVA) in April."

 

Why would that be needed when the Parachute payments cover the CVA? Surely its a mis-type or something....

[carljack]

Oh keep up, we did that one 3 takeovers ago

 

Is Al Fahim the Property Magnate and entrepeneur trying to get something cobbled together here Phil?

[Sevvy]

http://www.newsnow.co.uk/A/543159250?-11209

 

Perhaps Sky should have a look of what has been found on their latest possible buyer,

[angelman]

putting my mind to the fit and propper persons test... Is this the same person.... ?

160,000$ counterfit US bills!

http://federal-circuits.vlex.com/vid/america-plaintiff-joseph-cala-defendant-36809189

 

So what? That's not really a good enough reason to fail the FPPT now, is it?

[Gemmel]

And here he is

 

http://www.linkedin.com/profile/view?id=10755556&authType=NAME_SEARCH&authToken=SY-f&locale=en_US&srchid=2680186f-24cc-4010-bca9-58c325b34897-0&srchindex=1&srchtotal=12&goback=.fps_PBCK_*1_Joseph_Cala_*1_*1_*1_*1_*2_*1_Y_*1_*1_*1_false_1_R_*1_*51_*1_*51_true_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2&pvs=ps&trk=pp_profile_name_link

 

 

And here he is again (Two linked in profiles ...very strange)

 

http://www.linkedin.com/profile/view?id=24116320&authType=name&authToken=0ccf&locale=en_US&pvs=pp&trk=ppro_viewmore

 

Oh and top right hand corner of other contacts....wait for it wait for it ..............

 

 

 

 

 

 

 

 

 

 

 

 

 

Keep waiting

 

 

 

 

 

 

 

 

 

 

 

Boom tish

http://www.linkedin.com/profile/view?id=156406301&pid=24116320&authType=name&authToken=zrIs&trk=pbmap

 

 

Please tell me that is the same Suliaiman Al Fahim

[Frank's cousin]

http://www.portsmouth.co.uk/sport/po...ikou_1_3405192

 

Andrew Andronikou: "‘We need to have the new buyers in as soon as possible to take the club forward."

 

Erm...can someone explain what this has to do with the administration of the company called "CSI"?

 

In other words, why is there a need for Pompey to have "new buyers as soon as possible" when there is no fiscal connection whatsoever between Portsmouth Football Club 2010 and CSI?

 

Someone help me out here.

 

Confused.com

 

I think... (can never be too sure as far as Pimply are concerned)

 

sequence is as follows:

 

Vlad wanted in connection with alleged monies missing from Banks in Lithuania

Chiminery gets worried CSI will be considered and asset and frozen and he wont get his cash

Chiminery cher roo, places a charge in CSI

Chiminery Chiminary Chim chim cher roo now has power to place CSI in Admin and thus in theory protect CSI assetts from the Lithuanians

CSI goes into Admin

Chiminery in effect in control of CSI and appoints AA (his buddy from old) as the Administrator

As the only secured creditor of CSI, AA is in effect only really looking for best deal for his mate Chiminery but looking for a buyer for Pimply so Chiminery cherr roo can get his cash

AA in effect unofficial administrator for pimply as CSI have nothing else that generates any revenue on their books....

 

Think thats it please correct if I am wrong.

[Merovingian]

All this suspect stuff about Cala will be forwarded to the football league as I understand it, there's plenty of it on POL. F

L will no doubt ignore it lol

[dubai_phil]

Is Al Fahim the Property Magnate and entrepeneur trying to get something cobbled together here Phil?

 

Seriously doubt it. His (alleged) buddy Thaksin is more interested in going home these days. Sultan Bin Trump probably has other worries these days with the property market still in a mess with (many) frozen projects still

 

No the LinkedIn was funnier than that (and no doubt entrely accidentally coincidental)

 

And no I won't post it simply because it is a co-incidence and not fair on all involved

[dubai_phil]

And here he is again (Two linked in profiles ...very strange)

 

http://www.linkedin.com/profile/view?id=24116320&authType=name&authToken=0ccf&locale=en_US&pvs=pp&trk=ppro_viewmore

 

Oh and top right hand corner of other contacts....wait for it wait for it ..............

 

 

 

 

 

 

 

 

 

 

 

 

 

Keep waiting

 

 

 

 

 

 

 

 

 

 

 

Boom tish

http://www.linkedin.com/profile/view?id=156406301&pid=24116320&authType=name&authToken=zrIs&trk=pbmap

 

 

Please tell me that is the same Suliaiman Al Fahim

 

http://www.google.ae/imgres?imgurl=http://static.guim.co.uk/sys-images/Football/Clubs/Club Home/2009/6/10/1244649055949/Sulaiman-Al-Fahim-Portsmo-001.jpg&imgrefurl=http://www.guardian.co.uk/football/2009/jun/18/fahim-portsmouth-owner-manchester-city&h=276&w=460&sz=25&tbnid=SJMaDI_bKMH0hM:&tbnh=90&tbnw=150&prev=/search%3Fq%3Dsulaiman%2Bal%2Bfahim%26tbm%3Disch%26tbo%3Du&zoom=1&q=sulaiman+al+fahim&docid=xOfPfDuBBvY37M&sa=X&ei=imYNT52kOIHd4QSPi5n3BQ&ved=0CDcQ9QEwAw&dur=2044

 

Earlobe check needed

 

Looks too skinny

 

Am on it though

 

http://en.wikipedia.org/wiki/Sulaiman_Al-Fahim

 

He looks to have completely disappeared since Arpil last year

 

But then he was facing Jail Time for a property problem down here

 

http://www.guardian.co.uk/football/2010/feb/17/sulaiman-al-fahim-portsmouth

Edited 11 January, 2012 by dubai_phil

[dubai_phil]

Phew I was hoping for anice quiet day, book my tickets for the England Test next month and a few emails.

 

Think it's time for a little lay down. Need to let my sides heal back together

 

So Al Fahim to the rescue - that's even funnier

[trousers]

http://www.google.ae/imgres?imgurl=http://static.guim.co.uk/sys-images/Football/Clubs/Club Home/2009/6/10/1244649055949/Sulaiman-Al-Fahim-Portsmo-001.jpg&imgrefurl=http://www.guardian.co.uk/football/2009/jun/18/fahim-portsmouth-owner-manchester-city&h=276&w=460&sz=25&tbnid=SJMaDI_bKMH0hM:&tbnh=90&tbnw=150&prev=/search%3Fq%3Dsulaiman%2Bal%2Bfahim%26tbm%3Disch%26tbo%3Du&zoom=1&q=sulaiman+al+fahim&docid=xOfPfDuBBvY37M&sa=X&ei=imYNT52kOIHd4QSPi5n3BQ&ved=0CDcQ9QEwAw&dur=2044

 

Earlobe check needed

 

Looks too skinny

 

Am on it though

 

http://en.wikipedia.org/wiki/Sulaiman_Al-Fahim

 

He looks to have completely disappeared since Arpil last year

 

But then he was facing Jail Time for a property problem down here

 

http://www.guardian.co.uk/football/2010/feb/17/sulaiman-al-fahim-portsmouth

 

[dubai_phil]

Oh just to finish you lot off

 

http://www.guardian.co.uk/football/2010/feb/18/sulaiman-al-fahim-portsmouth-dubai-debt?INTCMP=ILCNETTXT3487

He added: "I am flying back to Dubai on Friday," indicating he plans to answer the warrant. He continued: "I rubbish the story of a penalty of £65m. Total debt is £1.2m. Also I rubbish the statement that I have cleared out my assets in UAE. My business in UAE is still working and even looking for more business."

Regarding the deal Fahim, who owns 10% of Portsmouth, added: "We are three partners. And I have received nothing. And that was clear in the expert report of the court. The partner [in dispute] is Russian, he is not from Azerbaijan, and the other is from the United Arab Emirates."

 

 

Why is it always them?

[Channon's Sideburns]

Just for info - an anagram of 'Joseph Cala Pompey' is 'Leech Poop Pyjamas'

 

I too, am here all week.

[holepuncture]

http://www.newsnow.co.uk/A/543159250?-11209

 

Perhaps Sky should have a look of what has been found on their latest possible buyer,

 

Well I 4-1 would like to welcome Mr J Cala to Fratton Park and I wish him every success... with his expertise in building underwater casinos and hotels, this surely is the man to make the Harbourdrome Arena dream a reality... his corporate website demonstrates he really is the real deal

 

The credentials are there for all to see;

 

Convicted of $160,000 counterfit notes

Shady and illicit trading of 'shares', misappropriation and misinformation of valuation and exchanges

Failed restuarant business, but owns a coffee shop in Oklahoma

Claims he is Silicon Valley based, but lives above a coffee shop

$14k cash in the bank with claims of billion $ projects - PMSL

Mugged off publically by investor journals and magazines

Amortization of underwater casino and hotel 'website' to the value of $23k - PMSL

Involved in a shambolic and total failure of a takeover in Italian footy club

Claims Alabama state is going to give hime $300m to build his ship!

Access to the giant houseboat "via skywalk or helicopter depending on the location" - PMSL

 

 

Today, the UnderSea name is becoming synonymous with the highest achievements in the hospitality and leisure world and the company is currently in talks with shipyards around the world who are eager to build the UnderSea vessels.

 

The Undersea Resort And Residence Will Be A Timeless Style And A Life Of Leisure. The Undersea Resort And Residence Won't Be Another Destination, It Will Be A Destiny.

 

That website is right up there with Marc Jacksons yacht building, football club buying, mega business empire site.

 

 

 

 

 

Its all very exciting, and just to top it off Andronikou has made some fantastic comments as quoted in the Pompey News

 

Entirely dependent on CSI/Lithuanian-Latvian public funds to continue day to day operations

£11m short on working capital just to get buy

No funds in place to meet the CVA, entirely dependent on fresh external laundered cash to survive

First CVA deadline will not be met without new buyers and new cash, Pompey are dependent and unsustainable

Working against the 'Proverbial Clock' = absolutely desperate and not much time left

 

 

Once again, this poopey takeover script continues to delight beyond all expectations!

 

Shalala

[pedg]

Convicted of $160,000 counterfit notes

 

I very much suspect that if that is the case then he might actually fail the FAPPT

[Torres]

Surely it's time to close this thread now, right?

 

PMSL.

[trousers]

A surprising lack of interest from certain posters this week for some reason....especially given the good news of new owners on the horizon...

 

http://www.saintsweb.co.uk/member.php?2313-Corporate-Ho

Corporate Ho

Last Activity: 09-01-2012 09:48 AM

[Channon's Sideburns]

HURRAH!!

 

THERE'S A 'NEWS' LIVE WEBCHAT AT 1PM!

 

:lol:

[trousers]

HURRAH!!

 

THERE'S A 'NEWS' LIVE WEBCHAT AT 1PM!

 

:lol:

 

Marine related user names at the ready.....

 

I'll be Flipper....

[Channon's Sideburns]

Begsy taking 'Vegas'.... (not really but it would keep 'em guessing)

[JackFrost]

A surprising lack of interest from certain posters this week for some reason....especially given the good news of new owners on the horizon...

 

http://www.saintsweb.co.uk/member.php?2313-Corporate-Ho

Corporate Ho

Last Activity: 09-01-2012 09:48 AM

 

I suspect he's been on the phone non-stop to his contact within the club, you know the one who he sees socially every couple of weeks or so

[saintjay77]

I very much suspect that if that is the case then he might actually fail the FAPPT

 

I'd put money on him flying through it. I think GM posted a good account for what the FAPPT would probably be like a few pages back. Anyway, the longer the FL hide behind a FAPPT that doesnt work the more laughs we get on here as shadey chancer number 59703 rolls in on the back of AA's waves.

 

Long may it continue. lol

[bridge too far]

Marine related user names at the ready.....

 

I'll be Flipper....

 

And I'll be PAWN - oh sorry, I meant PRAWN

[pedg]

I'd put money on him flying through it. I think GM posted a good account for what the FAPPT would probably be like a few pages back. Anyway, the longer the FL hide behind a FAPPT that doesnt work the more laughs we get on here as shadey chancer number 59703 rolls in on the back of AA's waves.

 

Long may it continue. lol

 

The FAPPT includes excluding anyone convicted of counterfeiting and covers like offences from outside the UK.

 

He is convicted on indictment of an offence set out in the Appendix 12 Schedule of Offences or he is convicted of a like offence by a competent court having jurisdiction outside England and Wales

 

...

Using a copy of a false instrument: Forgery and Counterfeiting Act 1981, section 4

....

[Channon's Sideburns]

Just a RANDOM thought, you know....

 

As we've picked apart the history of this particular person (assuming of course this is the guy AA is talking to) - one question remains....

 

Does AA not have access to Google and Linked In to do his own due diligence on interested parties??

 

It's almost like they want it to fail...

[trousers]

The FAPPT includes excluding anyone convicted of counterfeiting and covers like offences from outside the UK.

 

Even though it was nearly 40 years ago?

[Channon's Sideburns]

And I'll be PAWN - oh sorry, I meant PRAWN

 

To be fair, I'd go for PORN - let's face it, they'll get sexually excited by the thought of a Prawn following them, seafood an' all...

[trousers]

Just a RANDOM thought, you know....

 

As we've picked apart the history of this particular person (assuming of course this is the guy AA is talking to) - one question remains....

 

Does AA not have access to Google and Linked In to do his own due diligence on interested parties??

 

It's almost like they want it to fail...

 

Ssssshhhhh..... ;-)

[pedg]

Even though it was nearly 40 years ago?

 

Actually that was from the prem FAPPT there is not an equivalent in the FL from what I can see so he look fine to me. Sign him up pompey, what could go wrong?

[Ken Tone]

Just a RANDOM thought, you know....

 

As we've picked apart the history of this particular person (assuming of course this is the guy AA is talking to) - one question remains....

 

Does AA not have access to Google and Linked In to do his own due diligence on interested parties??

 

It's almost like they want it to fail...

 

You seem to have fallen into the trap of thinking that AA wants what is best for portsmouth FC, as opposed to getting a good a deal as he can for AA, whilst keeing BC sweet enough to avoid being removed as administrator.

[Gemmel]

The twenty page fappt, can be reduced to;

 

1) Have you ever been crimanlly convicted

2) Do you have any pending court cases

3) Have you ever been prevented from being a Director

4) Have you ever been made bankrupt (Not even sure that one would do)

 

Apart from those, the test is pointless and something which I think the FL would agree in private. They could force new owners to put funds into escrow, but ultimatley there is not a lot they can do.

 

Having said that, due to the bad press it has received, I am guessing the FL would actually LOVE to say no to someone, it would give them very small degree of credibility and with a 40 year old conviction, this guy might be the first. Of course, they will simply get someone else to front it, so it goes back to being pointelss again.

 

One thing is for sure, even if these guys are for real, the FL won't rush any decision and certainly not before Januarys pay day.....although I think they will just scrape by that. But February will be the killer. 6 weeks, to get it signed sealed and delivered, with the FL stamp of approval..... Tick tock.

[Channon's Sideburns]

Here you go...for all the tomfoolery and the Last Train to Deluded Central...

 

http://www.portsmouth.co.uk/sport/pompey/webchats

[dubai_phil]

Just in case you haven't laughed for half an hour

 

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[TD=bgcolor: #0000cc]rebuildthetricorn-*****s Posted on 11/01/2012 11:52

Who owes what to who ?[/TD]

[TD=bgcolor: #0000cc]Edited On: 11/01/2012 11:54

Report Message | Email Message To A Friend | Reply To Message[/TD]

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[TD=bgcolor: #ffffff, colspan: 2]I just had a look at the link to the news bit about the takeover in the comments there was this

:- Hi again, please ignore our friends from along the coast. TheJan wages will be paid on time as remember the club has just had a 500k boost from the Chelski cup game. Now the real reason that the takeover is taking longer than expected is a legal challenge was launched by another group..Remember AA is duty bound to get the best deal for the CSI creditors (Chanrai) and NOT what is best for PFC. The club itself can be bought for one pound but the new owner has to pay back the 10.8 million that Antonov loaned the club. That is the only debt that PFC has. We no longer owe Chanrai anything else as that debt was transfered to CSI when they bought PFC. This going skint business is confusing [/TD]

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So according to POL

 

There's ANOTHER fish in the sea.

[dubai_phil]

Is the prospective new owner going to sink his wealth into poopey?