RE: Intellectual Property owned by SD10 Apr 2015 10:37
I don’t know what ff posted but he normally posts tripe. I noticed the IP disappeared some weeks ago from RIFC, although it took some time for it to appear on SD. There is no point asking ff, SoF or Mensch anything, what they think is meaningless.
Let’s face it we don’t know what the situation is, if the IP was indeed sold or transferred there should have been an RNS, depending on the value and classification of the assets, potentially there may also have been the need for a shareholder vote. There are a number of potential legal issues before a sale goes ahead. I am sure Mike Ashely, SD, Llambias and Leach all took legal advice and Mr Murray confirmed yesterday the new board will do so also.
This is just the latest in a series of landmines which L +L and Ashley laid for the new board, there will undoubtedly be more to come. If you were in any doubt the old board were out for their own interests and not the long term interests of the company then it couldn’t be more plain,
- The onerous contracts,
- Retail deal,
- Onerous loans,
- Wounded 4,
- £0.5 to Newcastle
However let not panic, I am sure the issues will resolve themselves in due course, probably in court.