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It also say's this "The guidance defines a prudent investment policy as having two objectives: achieving first of all security (protecting the capital sum from loss) and then liquidity (keeping the money readily available for expenditure when needed) " Doesn't that rule out bonds as it's a 10...

What's that? An opinion or are you quoting something?

Where are you getting that councils are allowed to invest in bond's from? I'm looking and can't find anything.

You won't know unless you put one in will you? Is there actually a technical definition of commercial confidentiality? You can always challenge it if the that does come back as an answer? Whats the worst that could happen?

Like someone has already pointed out. Put in an FOI. If you can put in an FOI to find out how many paper clips the council use in a year I can't imagine that this isn't covered.

I don't know. Can they? You tell me. You clearly have something you want to get off your chest. Just spit it out.

I'll have to take your word for it. I'm with Nick, way above my head.

No Idea. Although this is also interesting from the article "Before one starts to feel too sympathetic towards Welcome Break’s bondholders, it’s worth noting that several investors profited from the bond’s recovery to par. In particular, hedge funds that bought the B-notes after they hit...

Some more details here http://www.risk.net/credit/feature/1522975/unwelcome-breakdown Sounds like it never made it to court and the owners paid the bonds up. This is an interesting comment, Sisu Capital’s chief executive Joy Seppala says: “We have all along believed that Welcome Break is a...

I recall reading about it years ago. I don'y know what the final outcome was but IIRC it was concerning debt restructuring. Something along the lines of Welcome Break being deep in debt, the senior management had arranged a deal with banks and creditors to allow them to trade through the debt...

Yeah but he went on to do nothing ;)

Not really. They need to be seen to stay the coarse. I made a comment a long time ago that do they actually batter people in court or do they use the courts to batter people. People from what I've read on line seem to give up before process comes to a conclusion for whatever reason. Don't have...

Wavering has made a difference in every aspect except court where the club is concerned. The case clearly has no merit, being seen to be wavering isn't going to effect the court case one iota. It's more likely to be about reputation than the outcome of the case. If they drop it how can they say...

Does it matter? They're judged by it anyway from the people they need to deal with to the fan base. They don't set themselves up as someone anybody would rush to deal with because of the ever changing goal posts and a lack of a tangible plan. That's before you even consider the litigation risk...

No different from saying "we've moved on", "we're staying", "we've moved on, "we're staying". They don't say anything to help themselves, the club or us fan's fight for the club.

It's not good is it. His opening gambit is to tell them that he's not there to oppose the development. Did no one brief them on the point of being there? He didn't say one thing relevant to the process and starts by telling them that he won't be either. Complete waste of time. Did people really...

I don't think their point of view necessarily differs from yours or mine. Just that they're on a train that they can't stop so can't be seen to be wavering. The strength of the court case has nothing to do with it. I think.

You can't weaken a continually failing court case that has no merit in law but regardless of how many judges point that out you continue to persue it for god knows what reason. For it to be weakened it has to have strength in the first place. Jokes are never funny when you have to explain the...

Ha ha ha. Weaken any court case. Good one Nick. Thumbs up.

Although I agree with what you're saying there does seem to be more than a strong suggestion that SISU have hired a bunch of ambulance chaser types on a no win no fee basis. Have SISU got the power to stop anything now without huge personal financial costs to them? If that's the case there's no...