-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] On Behalf Of thecasses
Sent: Sunday, July 08, 2007 8:07 PM
To: dunderhead; [email protected]
Subject: Re: [LU] (no subject)

>I do actually - Whether it be malicious or stubbornness his investors will
>have lost a lot of money. Also the CVA was carried out according to the
>rules - he did get the 75% or whatever to gain control.

But Pete, didn't all those nice, benevolent investors say that they didn't
want any of their money back, or certainly no more than 1p in the pound.

Mr. Bates and KPMG would have us believe that all the rules were followed,
but it was precisely, the doubt about the authenticity of the Off-shore
company claims, that led to the taxman's challenge and hence to KPMG's about
face.

Now should Ken want to try to challenge the re-sale, surely he becomes the
plaintiff and consequently it is beholden upon him to prove, his case and
without those off-shore Johnnies showing up with the evidence to support
such a claim, there is no case.

Without those debts what has Bates lost. If the rumours are true, then he
didn't put much of anything into the company from day one and all the
accrued debts have been wiped out, with this sale other than a potential
cash cow?

I think bluff and bluster sum it up nicely. Still he's a vindictive little
bugger so he may yet be searching for avenues of revenge, in the event he
loses out.... And I'm sure he has a long memory for such things..



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