Frankie 8,199 Posted May 31, 2012 Share Posted May 31, 2012 Creditors are due the CVA proposal, not much else as far as i'm aware. Creditors are entitled to ask a few things; namely is the CVA proposal best value, would more than £5.5million be raised from any newco asset sale and, finally, approve D&P's fees. Not to mention conflict of interest concerns. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,199 Posted May 31, 2012 Share Posted May 31, 2012 On that note, have D&P open proceedings against BBC Scotland yet? 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 31, 2012 Share Posted May 31, 2012 Creditors are entitled to ask a few things; namely is the CVA proposal best value, would more than £5.5million be raised from any newco asset sale and, finally, approve D&P's fees. Not to mention conflict of interest concerns. £5.5m is the most that can be raised from the asset sale as they have already done the deal with Green. If someone came in and offered £10m how could D&P legally turn that down? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 31, 2012 Share Posted May 31, 2012 Creditors are due the CVA proposal, not much else as far as i'm aware. pretty sure any creditor can challenge it so we must be due pretty much everything. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 31, 2012 Share Posted May 31, 2012 On that note, have D&P open proceedings against BBC Scotland yet? case to be heard alongside whyte v BBC and king v sdm. 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 31, 2012 Share Posted May 31, 2012 On that note, have D&P open proceedings against BBC Scotland yet? Wee Whytey has got first dibs on them. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted May 31, 2012 Share Posted May 31, 2012 Creditors are entitled to ask a few things; namely is the CVA proposal best value, would more than £5.5million be raised from any newco asset sale and, finally, approve D&P's fees. Not to mention conflict of interest concerns. Any challenge towards the administrators has to go through the courts, I doubt not knowing enough about Charles Green would be considered valid. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted May 31, 2012 Share Posted May 31, 2012 They can raise questions at the creditors meeting but what's in the proposal is what they are getting. They either accept or reject went to one with a mate about as much fun as a kick in the baws. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,199 Posted May 31, 2012 Share Posted May 31, 2012 Any challenge towards the administrators has to go through the courts, I doubt not knowing enough about Charles Green would be considered valid. There are plenty of other reasons why there may be a challenge. The fiscal abilities of Green may not be one of them but his weakness there may result in any D&P challenge not needing to be required. A long way to go here. As things stand, I'm expecting some interesting news by the end of the week. 0 Quote Link to post Share on other sites More sharing options...
Annan Bear 0 Posted May 31, 2012 Share Posted May 31, 2012 Traynor is going to discredit anyone trying to take us forward. He has from day one insisted we will be liquidated and cannot back down as he has repeatedly told the world in the papers and on radio. If the richest man in the world wanted us it would still be dodgy to Traynor. 0 Quote Link to post Share on other sites More sharing options...
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