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JEFF · 05-06-2009, 11:58

The last balance sheet lodged with Companies House is for the year ended 31st May 2007 and shows the net assets of the Club being £256,820 and the profit for the year 1st June 2006 to 31st May 2007 being £102,215. It is now two years later and if we owe around £400,000 the net assets of the Club will probably be nothing, so anybody buying Eric's shares will be buying 56% of nothing. How much does anybody think someone will pay for getting 56% of nothing.

05-06-2009, 11:58	#23
JEFF Resting In Peace Join Date: Mar 2004 Posts: 2,084 Liked: 1 times Rep Power: 2022	Re: Speaking up for Mr Eric Whalley The last balance sheet lodged with Companies House is for the year ended 31st May 2007 and shows the net assets of the Club being £256,820 and the profit for the year 1st June 2006 to 31st May 2007 being £102,215. It is now two years later and if we owe around £400,000 the net assets of the Club will probably be nothing, so anybody buying Eric's shares will be buying 56% of nothing. How much does anybody think someone will pay for getting 56% of nothing.