Let's see your evidence....

[qblockpete]

Paul

seriously ask that question next time, some of that stuff is over my head.

Sure Amula is owned or part owned by Amit?

The loan was re-financed, providing a lower interest rate?

If I knew all the answers, I would own the b.loody company

Some others who are well versed in finance, need to answer this particular question

[ChelmsfordRs]

the hero of the pre flav era is caledino not GP...and it was a 140 k interest free loan pete..WHY??????????????????

I fail to see why this loan is so important to you.

Its a minor accounting issue that for some reason the board have decided not to divulge. Its clearly not dodgy in anyway otherwise it would not have appeared in the accounts.

If you read QPRDads reply to me yesterday (on another thread) about the tax implications of having this loan for GP, you would have seen that is not such a great "benefit" after all.

[qprdad]

............... someone telling the truth ? Saying a dept has been wiped when it has be refinanced is not true, would you agree with that ?

We were told by FB that the new board would deal with the ABC loan and the threat of LR being reposessed - this has been done.

I really can't understand why this is such a problem - talk about bite the hand that feeds!

[Nodge70]

Please tell me who told us that the debt would be wiped?

IIRC - Briatore said that as part of his opening salvo/boutique/5 year plan speech...

[paulmason]

Paul

seriously ask that question next time, some of that stuff is over my head.

Sure Amula is owned or part owned by Amit?

The loan was re-financed, providing a lower interest rate?

If I knew all the answers, I would own the b.loody company

Some others who are well versed in finance, need to answer this particular question

Pete - Thats a kop out and you know it.

[qprdad]

IIRC - Briatore said that as part of his opening salvo/boutique/5 year plan speech...

Bing!...... no he didn't......... go and dig it up and LISTEN TO WHAT HE SAID!

He IN FACT said that the board would deal with it and remove the threat of LR being re-posessed - and funnily enough, that's what has happened!

[Bluehoop]

We were told by FB that the new board would deal with the ABC loan and the threat of LR being reposessed - this has been done.

I really can't understand why this is such a problem - talk about bite the hand that feeds!

Those were the words and that appears to be what has happened! If they bite anymore they'll be up to the shoulders let alone the hands!!

[qprdad]

Pete - Thats a kop out and you know it.

No cop out from me.... ask the question and I'll answer it for you!

[ChelmsfordRs]

IIRC - Briatore said that as part of his opening salvo/boutique/5 year plan speech...

I remember a video interview with FB when he said that we (the fans) do not have to worry about the ABC Loan as they would "deal" with it. I don't remember him saying it would be cleared or paid off.

[EDIT - Posted before I saw QPRDad's reply above]

[paulmason]

No cop out from me.... ask the question and I'll answer it for you!

read what pete said

[qprdad]

read what pete said

Ask me the question, and I'll answer it... I don't want to try and second guess what the question is, only for you to say that I've tried to duck anything.

So, post your question and I'll post an answer to the best of my ability - no ducking, no innuendo, just ask a straight Q and I'll give you a straight A

[paulmason]

Ask me the question, and I'll answer it... I don't want to try and second guess what the question is, only for you to say that I've tried to duck anything.

So, post your question and I'll post an answer to the best of my ability - no ducking, no innuendo, just ask a straight Q and I'll give you a straight A

Here we go

I asked if it was cleared or refinanced
Pete said "seriously ask that question next time, some of that stuff is over my head"
I said that his reply was a cop out.

[Nodge70]

Bing!...... no he didn't......... go and dig it up and LISTEN TO WHAT HE SAID!

He IN FACT said that the board would deal with it and remove the threat of LR being re-posessed - and funnily enough, that's what has happened!

Fair enough

[qprdad]

Here we go

I asked if it was cleared or refinanced
Pete said "seriously ask that question next time, some of that stuff is over my head"
I said that his reply was a cop out.

Thanks for that........

Clearly, the debt has been re-financed, which I might add is in accordance with what the Orange Donut said would happen.

[qblockpete]

qprdad, the question Paul Mason is trying to ask is this (I think as this is what he asked me)

just to make sure I am 100% clear on your statement, the original debt from ABC has be repaid and we do not owe a penny piece and there is no truth that Amula (Amit and Flavio) refinanced it, meaning although we don't owe ABC, we still owe Amula ?