Member Info for fairdealer20

Yes, one Law for them and another for Us. Hope you have seen or heard Cochrane's statement to the High Court, he seems to be blaming RBS and Santander for pulling the rug.

Proceeds of Crime Act give provisions for seizure of assets. This all depends on a successful Criminal Act being proven.

The Government have asked the Reciever to fast-track an enquiry into the activities of both current and passed Directors. Lets hope it is not a "white-wash".

Yes, agree and issues are still to be disclosed. Snige concern regarding Auditors is well founded. It is to be hoped the FCA's enquiry will be broadened significantly. Their are individuals who must be taken to Book if the Market's integrity is to be confirmed.

Jambon, I do not want to rub salt into anyone's wounds but can only repeat what I suggested way back in September, the Share should be suspended. At that time a valuable breathing space would have allowed the Powers that be to achieve the prospect of a better outcome. In September I was regarded as a Scaremonger, instead of which very many Old and New Investors have suffered a lingering Death. It is a bit like a Cancer, Surgery 4/5 months ago would probably saved the Patient's life. Nothing appeared to happen and come January the tumour has gone beyond treatment....terminal

snige could not agree with you more. The phrase has antagonised me for years, because have seen so many times in all kinds of situations problems/disasters can be avoided if long proven practices were continued. Unfortunately, and I will probably attract some hostile remarks by saying so, experience of the Older Generation is conveyed to the bin and the "new generation" want to leave their mark and completely disregard knowledge of their Peers. I have used the phrase but do not like it. It is as you say a cop out. no one wants too accept responsibility, which is an anathema to me.

snige we can dissect and analyse elements of the Company's Business until the cows come home. IMO Carillion had grown through acquisitions for years and the way each Take-over was reportedly amalgamated into the Group, concealed a build-up of debt which would eventually strangle the Company. Many should review the persistent attempts to take over Balfour, who finally resisted Carillion's overtures when it became part of a deal that BB would have to abort a deal to sell N.American interests for circa �500million. Those funds enabled BB to rejuvenate...look where there are now. IMO there were one or two Executives who had delusions of Grandeur believing Carillion could be the Biggest Construction Group around, unfortuneately it was being done in a dishonest way, Shareholders were not being told the truth, even since July they have been treated like mushrooms. It is and has been a very hard lesson for some to learn.

Nucky........suggest there is a lot to come out. It is now being stated apart from the Holding Company's debts, individual Comapny's within the group have borrowing arrangements which could make the entire Group's Debt well over �2billion. Don't forget Banks had agreed Lifeboat Loans of �130million only weeks ago, and now that was not enough. One can only imagine the Financial Black Hole facing Carillion is so big as too be completely unmanagible..

Isolatedbod, what on earth are you talking about? Suggest you review the posters yesterday and as many could see one rampant Member was highly animated and insulting those who had lost money. He was so exuberant and offensive, it was embarrassing to read his posts. Some of those posts were so offensive Admin removed. Don't make stories which are complete fiction. I'll thank you to revoke your statement.

snige those comments were in respect of JV Contracts which as we are seeing the remaining Partners are required to take over Carillion's share. So on those Public contracts there will be a level of continuity. It is the sole Contracts which will cause problems. One wonders why the BOD opted for Compulsory Liquidation when to all it appeared an Administrator in the form of EY would be appointed. An Administrator, although PI's would be little or no better-off, at least there would be a more orderly transfer of Business Operations. I am yet to see reasons for the Liquidation route when it was openly touted an Administrator was in the wings....strange don't you think?

Isolatedbod Pilgrim you need to get a life and focus on where your next meal will come from, maybe you have a Crowdfunding site. Grow up or take a few more Valium, which may widen your horizons.

Yes all the best Taz. Hope it all works out for you.

The High Court issued an Order to the Official Receiver this morning. The OR now has to apply to the Court with details of the appointed Liquidator. Not sure how long this may take. Suggest you call your Broker first thing Tuesday especially has he appears to have given a deadline, which is strange.

Until the High Court Order is issued, the suspension will remain in place. Would have thought the Court application was supposed to have been made this morning, unless there are inconsistencies with the Draft, the Order should be issued today. Need to look at the High Court Listings for today.

Iso......with respect read your own posts as others will see who has the loud mouth. Tell me now who invented the Free-market, was it Keynes, Carnegie, John Smith or that clever Greek whose name eludes me? Do you really believe it was Margret Thatcher? By the way have you seen the GP recently?

Read and inwardly digest and reflect, properly, you may then learn how the Free-market works.

Iso.......so you are against a value for money system, introduced by Mr A Blair?.

lemail........or who ever you are, just as well you do not know who I am as your last sentence indicates a kind of sarcasm best tested in a Wolverhampton Pub tonight.

Cheers True....and if you did "lose" , hope you get it back quickly.

Iso.......so the BOD, Management, QS's etc within and attached to Carillion have No responsibility for the Company's demise?