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Old 07-06-2009, 14:35   #23
shakermaker
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Re: Re Last nights meeting

Quote:
Originally Posted by Bagpuss View Post
One thing I will add IMHO if Whalley refuses to talk then Stanley will go into administration and his shares will be worthless, will people still support Eric the Legend then?
It's highly unlikely that administration is even an option. HMRC will demand that the amount is paid in full. This point has been made in several threads (first brought to our attention by Oggy, I think) but the 'a' word keeps on cropping up.

I suppose if the debt can't be paid, it'll be liquidation - not administration?
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