Norpig wrote:I thought Pink Floyd drummer Nick Mason was involved in this somehow?
We believe he is.
We believe he and another rich bloke called
Keith Morris own shares in FV along with Michael James (who is one part of Prescott Business Park (PBP)) Luckock and Sharon. James and Luckock hold shares in their own names whilst the shares of the other three seem to be controlled by Sharon under her own name only.
She seems to act as proxy for the other two.
I must stress that although 'we' are fairly certain this is the case for Mason, there seems to be less 'clues' for
Keith Morris being the same as such but it would make a lot of sense from all that we know, that he is.
Proxynoun
A person holding authority to act for another
There was in the beginning another bloke called Jeff Thomas who appeared to be part of the group in starting FV up but it looks like although he was issued shares in the company never actually paid for them, and they were then taken back and 'cancelled' (if that is the right terminology?).
Prescot Business Park is a company with two shareholders, the minority shareholder is Michael Janes and the majority shareholder
TOM Morris which had loaned £5.5m to Eddie Davies' Burnden Leisure, and when it collapsed into Administration/Liquidation, agreed to transfer this debt on to FV.
Bob has always been of the view that PBP were desperate to be repaid on time by FV, I do not share that view. PBP has the legal powers to call in the loan OR take ownership of the assets the loan is secured against (which is the hotel) once the settlement date is passed and they have not only NOT called in the loan or seized assets they have legal right to, but instead have now entered into a brand NEW loan agreement, extending the period for a further THREE MORE YEARS for the loan to be paid back!
Why would PBP do that if the non payment of the (by now) long overdue repayment of the loan to them was a major bone of contention for them???
This has been one of the three 'tensions' that have strained (and probably now busted completely) the 'bromance' between Bob and I, the others being the actions of the Administrator in respect of striking down some of the secured creditor claims of EDT and Ken Anderson, and the current ongoing saga of the conspiracy theory Bob believes in which a succession of governments from 1999 to the present, together with the Post Office Board have knowingly hidden and suppressed all knowledge of the scandal of the sub-postmasters and the failings of the Horizon system.
A bit of a longwinded explanation to your simple question, sorry for that.
In my post above I was musing as to if
TOM Morris was the 'fifth investor' 'from the start' as in being an 'active' investor IN FV by NOT taking his investment out (ie the PBP loan) but rather by leaving it in AND extending the loan for a further THREE YEARS - as per what was documented in the last reported accounts, had happened.
No doubt I will be at the receiving end of Bob's childish name calling yet again for challenging one of his conspiracy theories by drawing attention to facts that seem to be getting in the way of his version events that he won't (more likely can't) back up with hard facts supporting his theory.