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Author Topic: The Trust  (Read 17339 times)

Ed Kandi

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Re: The Trust
« Reply #30 on: December 30, 2011, 04:44:25 PM »
Dormant animals wake up slowly...the Rooster never sleeps  :dan
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nh83

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Re: The Trust
« Reply #31 on: December 30, 2011, 05:00:24 PM »
the club came out of cva debt free all the creditors were paid off. The debt the club is in now is after the cva .
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Tash

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Re: The Trust
« Reply #32 on: December 30, 2011, 05:11:29 PM »
or right or right carm down
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Bostonshire

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Re: The Trust
« Reply #33 on: December 30, 2011, 07:03:03 PM »
As guess would have it that the 1mil was owed to lava flow wich Mr Newton took over, Guess that means the dept is owed to Mr Newton.

Im sure i read somewhere that this was owed to sotnik and his chums (Money they spent when running the club) At a guess thou there must have been some sort  of deal when the take over was done to where Mr Newton took control of this debt.
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noughtyforties

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Re: The Trust
« Reply #34 on: December 30, 2011, 07:18:25 PM »
It seems obscene and grotesque that Dave Newton has put BUFC back on the right track and yet we as a club still owe a fortune to chancers like Sotnick,Lavafolw,Standing Alone et al who basically came in with one aim.......to feck the club over for their own personal gain......why can't they be responsible for that debt?
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scottbufc

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Re: The Trust
« Reply #35 on: December 30, 2011, 09:10:00 PM »
http://uk.linkedin.com/pub/jonathan-sotnick/7/37b/aa7

The company Sotnick is CEO now are registered to a Boston address...DODGY.
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kingofnaves

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Re: The Trust
« Reply #36 on: December 30, 2011, 09:29:20 PM »
What's the address?
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Ken Fox

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Re: The Trust
« Reply #37 on: December 30, 2011, 09:38:12 PM »
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Ken Fox

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Re: The Trust
« Reply #38 on: December 30, 2011, 09:49:09 PM »
Quote from: noughtyforties on December 30, 2011, 07:18:25 PM
It seems obscene and grotesque that Dave Newton has put BUFC back on the right track and yet we as a club still owe a fortune to chancers like Sotnick,Lavafolw,Standing Alone et al who basically came in with one aim.......to feck the club over for their own personal gain......why can't they be responsible for that debt?

How do you work that out?! Surely the club don't owe any money to any "chancers". David Newton bought Lavaflow. He now owns it entirely. The previous owners have absolutely nothing to do with Lavaflow any more.
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kingofnaves

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Re: The Trust
« Reply #39 on: December 30, 2011, 09:49:40 PM »
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Bostonshire

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Re: The Trust
« Reply #40 on: December 30, 2011, 11:21:26 PM »
Quote from: Ken Fox on December 30, 2011, 09:49:09 PM
Quote from: noughtyforties on December 30, 2011, 07:18:25 PM
It seems obscene and grotesque that Dave Newton has put BUFC back on the right track and yet we as a club still owe a fortune to chancers like Sotnick,Lavafolw,Standing Alone et al who basically came in with one aim.......to feck the club over for their own personal gain......why can't they be responsible for that debt?

How do you work that out?! Surely the club don't owe any money to any "chancers". David Newton bought Lavaflow. He now owns it entirely. The previous owners have absolutely nothing to do with Lavaflow any more.

The point i treid to make above
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qwerty

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Re: The Trust
« Reply #41 on: December 31, 2011, 10:14:21 AM »
Quote from: Ken Fox on December 30, 2011, 09:38:12 PM
Quote from: kingofnaves on December 30, 2011, 09:29:20 PM
What's the address?

20 SPAYNE ROAD,
BOSTON
LINCS
PE21 6JP

See: http://companycheck.co.uk/company/06827901

As posted on another thread, this is all you need to know about Justin Rushworth of Spayne Road.

http://www.bufc.drfox.org.uk/forum/index.php?topic=2775.msg35903#msg35903



Looks like Sotnick's new attempt at business is a true con.

http://truegoldinvestments.com/

Buying Gold on margin for a 'quick profit' is the sure fire way to lose your investors capital, Gold is money and should be treated as money and not a commodity.

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nh83

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Re: The Trust
« Reply #42 on: December 31, 2011, 11:23:41 AM »
Lavaflow were creditors in the CVA. As I said before, all debts were cleared after we exited CVA. All current debts have been occurred after the CVA. Included in this debt is a £288,106 loss for the last trading year, working over at a loss of £5,540.50 per week as of the last balance sheet.
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Scouse Pilgrim

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Re: The Trust
« Reply #43 on: January 04, 2012, 02:58:37 PM »
Lavaflow were not named as creditors in the CVA - they agreed not to be included  and as a result  the money they "invested/loaned" to BUFC was not in there (over £1 million we are told).  

There is however a large creditor (debt) on the BUFC balance sheet as at 2008 of over £1 million.

« Last Edit: January 04, 2012, 03:06:16 PM by Scouse Pilgrim »
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The B-Ark.  For Boston fans to talk about anything and everything they want to. Including trolls.

Tash

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Re: The Trust
« Reply #44 on: January 04, 2012, 03:38:54 PM »
Quote from: Scouse Pilgrim on January 04, 2012, 02:58:37 PM
Lavaflow were not named as creditors in the CVA - they agreed not to be included  and as a result  the money they "invested/loaned" to BUFC was not in there (over £1 million we are told).  

There is however a large creditor (debt) on the BUFC balance sheet as at 2008 of over £1 million.


Is it there now?
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