O/T DDay for Brexit..well sort of...

[WanChaiMiller]

Rubbish WCM. The Government need to look at the role of Greybull & you need to get on with importing
BTW what sort of products do you import ?

Why are you so fasinated by what I import? Weird.

[Exiletyke]

Why are you so fasinated by what I import? Weird.

It was you who first told us you import but then become all coy
I merely took notice & an interest
What is such a big secret & why do you not want to say ?
Just like to get a handle on where you're coming from

[KerrAvon]

Rubbish Grist. You and Farage need to look at the role of its owners, Greybull Capital in this. GC bought British Steel from Tata for £1.

Greybull’s strategy has amounted to milking BS dry then discarding them. They charge BS massive management fees and advanced loans at interest rates of 10% (6% above what could be secured at banks), that have progressively drained the company of cash.

A short time ago the Government provided them a £120m loan to help pay an EU carbon bill. Following receiving this loan, British Steel wasted no time in purchasing another steel company in France.

Greybull then wanted the Government to give a further £30m more of taxpayers money to British Steel and when that didn’t happen they walked away leaving the company to go into liquidation. The plant in France, now owned by Greybull, is fine.

Greybull helped finance the takeover of Comet....they went bust. It was also the owner of My Local....they went bust. Plus Rileys...they went bust. And Monarch....they went bust too.*

You reckon that British Steel - a company that changed hands for £1 - could have secured bank loans at 4%... You don't think a bank might have spotted the risk involved in a loan to such a company and have charged for carrying that risk, if it was willing to lend to it at all?

You spoil good arguments with very poor points.

I'm with Howdy on this British Steel was a lame duck.

[Exiletyke]

You reckon that British Steel - a company that changed hands for £1 - could have secured bank loans at 4%... You don't think a bank might have spotted the risk involved in a loan to such a company and have charged for carrying that risk, if it was willing to lend to it at all?

You spoil good arguments with very poor points.

I'm with Howdy on this British Steel was a lame duck.

And what of the 5000 employees & the 30000 others depending
Lame ducks also ?
Yet another piece of British industry on the scrap heap
But not to worry eh? you'll be buggering off to France soon to retire with not one ounce of concerrn

[WanChaiMiller]

You reckon that British Steel - a company that changed hands for £1 - could have secured bank loans at 4%... You don't think a bank might have spotted the risk involved in a loan to such a company and have charged for carrying that risk, if it was willing to lend to it at all?

You spoil good arguments with very poor points.

I'm with Howdy on this British Steel was a lame duck.

Re Loan. No, not saying they could secure these loans from banks - its not the point Im making. Im saying GC made loans to BS with inflated interest rates way above bank rates to demonstrate one method they used extract money out of the company (my point is GC bled the company dry - look at Howdys reply and he agrees with me).

So not really sure the point you're making.

[Exiletyke]

Re Loan. No, not saying they could secure these loans from banks - its not the point Im making. Im saying GC made loans to BS with inflated interest rates way above bank rates to demonstrate one method they used extract money out of the company (my point is GC bled the company dry - look at Howdys reply and he agrees with me).

So not really sure the point you're making.

Another one "not really sure"
Is Kerr recruiting

[WanChaiMiller]

Another one "not really sure"
Is Kerr recruiting

What?

[Exiletyke]

What?

Read your own post

[WanChaiMiller]

Read your own post

What you on about?

[Exiletyke]

Can you see where you said "not really sure"

Surely that's not too difficult for you is it?