[Outback Ozzy]

Originally Posted by Revived Red

I'm only thinking aloud, so please don't attack me!

So what started this mad thinking? Well, I've become increasingly concerned by the failure to update the SOS total. There might be a perfectly good reason for it, but on the other hand ......

Now let's divert to the debt to HMRC. The statements emanating from the club remain vague - and maybe they have to be. But there seems to be a sort of consensus that the SOS Fund will reach £150,000; the powers-that-be (all/some) will put in £100,000 and the remainder will be borrowed as a short-term loan.

I still have serious worries here. Will the SOS Fund actually reach £150,000? Will the powers-that-be need to put in more than £100,000? And let's not forget that we have been told that at least one of them had no more money to put in. So, in my mind, it's starting to look as though we may have to borrow more than £58,000. A short-term loan is exactly that - so it has to be paid back relatively quickly. Where will we find £58,000 (in my thinking, considerably more) to pay back quickly?

Well, has Jimmy Bell given us the answer? Is this the scenario? We borrow maybe up to £100,000 to ensure that HMRC is paid and the borrowed money is repaid after the sale of players in January.

So that's my present thinking.

Assuming the HMRC debt is paid using SOS funds+ funds input by directors + short term loan, to pay off whole debt, the payments back will probably come from the share issue which if all 1,000 shares are purchased, which is a distinct possibility - then that will attract £250,000 in money which could be used to repay short term loan and leave money in the club. Just my thought, I could be wrong.