Graham Wallace Statement

[Zappa 0]

What I can't understand about this whole episode is that our highly paid PR expert didn't anticipate that this loan arrangement would cause a shitstorm and advise the board to find other alternatives.

 

What I can't understand is that our board didn't anticipate that this Laxey loan arrangement would cause serious problems and advise themselves to find better alternatives.

[TheWee BlueDevil 0]

What I can't understand is that our board didn't anticipate that this Laxey loan arrangement would cause serious problems and advise themselves to find better alternatives.

Naive in the extreme. Just shows how distant and disconnected they are from real fans.

[forlanssister 3,114]

That part is just baffling.

 

If it was "part of the business plan" why were the terms only agreed last week?

 

If it was only in the forecast that we would need another £1.5m, why did he say we didn't need any more finance in the "short to medium term".

 

He can't have it both ways; and his attempts to explain it away like that do his credibility no good at all.

 

They needed money because they expected Imran to win his case.

[Zappa 0]

They needed money because they expected Imran to win his case.

 

Or at least thought that he might win it, which raises serious questions about the actual state of the Club's finances.

[forlanssister 3,114]

What I can't understand is that our board didn't anticipate that this Laxey loan arrangement would cause serious problems and advise themselves to find better alternatives.

 

Laxey initially stated they would vote for what the fans wanted at the AGM everybody wondered why now it's crystal clear.

 

The board were knocked back by every conventional and even non-conventional lender (Bibby etc.) they approached.

[forlanssister 3,114]

Or at least thought that he might win it, which raises serious questions about the actual state of the Club's finances.

 

Expect him to get his pockets filled.

[BrahimHemdani 1]

They needed money because they expected Imran to win his case.

 

If that's true, and I don't doubt your information, then it actually makes some sense.

 

By putting the facility in place they prevented £500,000 being taken out of circulation, even if it was there to be taken out of circulation; and at the same time they don't need to draw it down unless and until we lose.

[der Berliner 3,885]

It is somewhat embarrassing how debate has deteriorated in quality in recent weeks.

[forlanssister 3,114]

It is somewhat embarrassing how debate has deteriorated in quality in recent weeks.

 

Physician heal thyself!

[Frankie 8,684]

640 words which don't really say anything of note other than trust us.

 

Well, that's very difficult when you refuse to answer the most basic of questions.