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more ambiguity?

GFH - posted yesterday
On June 14th GFH Capital loaned £2m to Leeds City Holdings by way of a Mortgage of Shares.All shares in LUFC were used as collateral

reading the wording of this statement seems to suggest that leeds city holdings now own all the shares of lufc,how else could the loan be secured on 'All shares in LUFC'?

posted on 19/10/12

Comment Deleted by Site Moderator

posted on 19/10/12

don't worry Joe, this idiot will get banned soon enough again....

he's been banned under 666 elmo, fire in the belly, fwend, Bates Out now', I actually don't think he has a life, I feel a little sorry for him..

comment by Stoopo (U4707)

posted on 19/10/12

Joe - they used all the shares as collateral just as you use all your house as collateral for a mortgage even though you might only borrow 80 % of it's value. If you default they can then take your house off you to get their money back. Not sure where that leaves Bates to be honest.

posted on 19/10/12

Tusc

Getting someone banned is shamefull

posted on 19/10/12

LIW, when somebody calls me a name like that, I have to complain, if it gets them banned, it's their fault - you know how I feel about that word... I'd never normally complain for the sake of it mate, you know me better than that mate...

we have a laugh calling each other vile names, but that word, he used it, not me

posted on 19/10/12

also LIW, I purposley kept out of your spat with NJS.. because I like you both...

regardless, I didn;t deserve to eb called a name like that...

posted on 19/10/12

Comment Deleted by Site Moderator

comment by Jonty (U4614)

posted on 19/10/12

joe, I think you'll find it was 5th of October, not 14th of June.

Did you actually read the document?


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