On Sat, June 2, 2007 11:51 am, thecasses wrote: > Great!! > So then we will have a mere 74% of the voters not getting what they voted > for
No, because the votes are allocated in proportion to the votes owed. If Bates had the backing of one individual owed £1m, then even if 249,999 individuals owed £1 each voted against the CVA, Bates' backer would win. This is why KPMG urged all creditors to back Bates' offer, because Astor Holdings would rather accept 1p in the £ on the £18m they are owed compared to the 16p in the £ they could have got elsewhere. Some people think Bates has connections with Astor Holdings, but KPMG say he sold his shares in December '06, so he can't have. However, if (like me) you think Bates is a lying bully, then you might be developing a consiracy theory about why Astor Holdings are prepared to accept a loss of £2.7m to keep Bates in power. - Sean _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
