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Thread: John Nixon's opinion on the 1921 then £2.25 million debt to Purepay on 18th May 2021.

  1. #1
    Join Date
    Jun 2012
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    1,600

    John Nixon's opinion on the 1921 then £2.25 million debt to Purepay on 18th May 2021.

    It is interesting to discern how often the term 'investor' is used when referring to Purepay. I.e. in the 2021 Directors' Forum John Nixon nearly always refers to 'investor'. Shortly after his first mention of 'investor' he is asked a question about the 1921 debt to Purepay. His reply is utter comedy. He comments on the, at the time, debt of £2.25million. "The debt is relatively small if you look at the assets and balance sheet. The debt is relatively small in comparison to the value of the club. It isn't a debt that puts any investors off". The real value of the assets is substantially less than the accounts valuation, Brunton Park being worth almost f­uck all through flood risk and 'football use only' covenant.

    A few minutes later he talks about the supposed offer to take-over the club by Philip Day. The attempt to convert B shares to A shares is spoken of and Billy Mitchell interrupts him on that.

    The first mention of 'investor' meaning Purepay is to a question made after 5 minutes and 6 seconds of the video. Three minutes later he makes his incredible comments on the debt. Within a few minutes of that he talks about the PD supposed attempted take-over and the attempted conversion of B shares to A shares.

    This is the evidence that he made the above comments. https://tinyurl.com/mp65czp
    As soon as you have clicked on the 'Play' triangle you can right click it up to full screen from the bottom right of the window.
    Last edited by _Stefan_Kuntz; 23-01-2023 at 04:15 PM.

  2. #2
    Join Date
    Jan 2023
    Posts
    12
    I sold Hyperdrive the day after this interview-oh the irony!

    Cash or a dilapidated stadium on a floodplain with ‘value’-mmm

  3. #3
    Join Date
    Jun 2012
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    1,600
    Quote Originally Posted by _Stefan_Kuntz View Post
    A few minutes later he talks about the supposed offer to take-over the club by Philip Day. The attempt to convert B shares to A shares is spoken of and Billy Mitchell interrupts him on that.
    Error, it should have been :-
    A few minutes later he talks about the supposed offer to take-over the club by Philip Day. The attempt to convert B shares to A shares is spoken of and Billy Atkinson interrupts him on that.

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