SVS w17 Oct 2019 12:46
Well, two aspects.
1] Depends upon the documentation - usually you have void clauses for standard things, monies not rec'd, insolvency, not bone fide when entering etc.
Only the BOD know this
2] Curtis will, after poncing around and giving back monies, do a report for what was the DTI, regarding the conduct of the directors leading up to the insolvency so see if they are fit to be directors again and whether there has been any laws or codes broken. As the ESH placing occured on the day of tits up, this will defo be investigated.
The result, who knows but I would hope, in the interim, that the BOD has written to Curtis advising him that the warrants are frozen / escrow pending WSG's legal advice and his DTI report..
And if they haven't , they should do so now. I should be paid for all this !
Finally, if there is any hint of trouble, Curtis will run a mile - cause he's personally liable and there is nothing in it for him, so he will probably ask his lawyer to give him a vague opinion advising him to do nothing - thereby covering his behind.
Curtis just wants his £400 per hour, he doesn't give a stuff about anything else or anybody and certainly doesn't want any remote prospect of personal liability by doing something he did that he did not have to do.