On the points below, does anyone not think Bates will counter-claim?
Surely no-one expects him to ride off into the sunset, tail between his 
legs, and a shed load of money down the toilet??

Also - beware now that if Bates win this "re-bid" (assuming he does re-bid) 
then he can come back and state all previous promises are off, as his 
"offers" were based on the CVA going through

Again, how does HMRC (or any other creditor) come out of this any better off 
than before?


----- Original Message ----- 
From: "John Boocock" <[EMAIL PROTECTED]>
To: "Mark Humphries" <[EMAIL PROTECTED]>; "LEEDS LIST" 
<[email protected]>
Sent: Saturday, July 07, 2007 7:44 AM
Subject: Re: [LU] KPMG : Up for Sale


> 100% correct Mark
>
> Mark Humphries wrote:
>> 1. Because it circumvents the legal process/appeal
>>
>> 2. Because KPMG choose the best deal for everyone and that's it. There is 
>> no
>> CVA to approve
>>
>> 3. Don't think so, what could they legally challenge?
>>
>> 4. Don't think they can, although they could well offer the best 'deal'.
>>
>> AFAIK
>>
>> I think we have been effectively 'wound up', and now KPMG are selling us 
>> on
>> as a going concern.
>>
>> Different set of rules, creditors get what they are given type thing..
>
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