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http://www.mgimalta.com/services/fiduciary-nominee-services-and-registered-office/ and me i am sure that I read in the Prospectus that Moonstone is 100% owned by Richardson.

Come on. Any mortgage can only be paid with future income. The Bank weighs up whether you might lose your job. That is future income. Now, when a Bank provides acquisition finance, it calculates it's lending on what the combined business should be able to service - projected income (or cash...

have a a squint at page 17 of the Prospectus re 250 year lease and the fact that ACL 2006 hold it. have a squint at page 3 of the Prospectus re Moonstone and ownership, no hedge fund. have a squint at any of my posts, all are correct.

my reading of the Prospectus gave me the impression that Derek Richardson provided the funding. I also thought that the Prospectus stated that Richardson owned Moonstone. I also understand that a Prospectus has to provide factual clarity. So the statement that Richardson owns Moonstone is...

You said it was bullshit that the ability to repay a mortgage is based on projected income and that asset value provides comfort to the lender.. And Wasps is owned by a hedge fund. And the moon is made of cheese.

i was only responding to your bullshit comment. Which you have had the courtesy to admit was bollocks .

I am pretty sure that the Prospectus says that the 250 year lease is in the non trading company ACL 2006. So you are wrong again.

Then investors hope that the security will cover their losses. If you have a pension, your money has the same risk.

What is your asset? Presumably not goodwill? Were you looking for a cash flow lend?

your focus seems to be on Wasps which to me is wrong. Wasps have said that they want the Ricoh to be a 365 day business and will invest to make that happen. The rugby is a part of that.

Really. A Bank looks to borrower's earnings to meet future mortgage repayments. It lends less than 100% of asset value as a cushion so as to cover payment default. Having read the Prospectus there is an asset/debt ratio. So there is the cushion. And the investors look at future earnings to...

The ability to pay a mortgage is based on projected income and, for the Bank, the lend is based on ability to cover risk with asset value. And the Bond.....

the Bonds carry interest at 6.5% which has to paid twice a year. In seven years, the Bond is repaid on a pound for pound basis. If there is money to do so.

Laughable. United were debt free before the Glazers. The majority of the Bond recycles existing debt at an appropriate coupon. The instruments bearing the Glazer debt bore a far higher interest rate. Wasps seem to be getting criticised for structuring a purchase on the same lines as you and I...

How does a veto right make a sale conditional? I have read nothing that said anything other than the Council sale of its shares took place in October. Where has it been said this was conditional.

That can't be right. Are you saying that the Council would have been required to buy back the shares it sold to Wasps if Higgs had sold its shares to the administrator?

the rubbish about the Wasps hedge fund has been shown to be exactly that. You need to aim your arrows elsewhere.

would be an odd move to buy debt as opposed to buying the Ricoh.

there is only one relief sought and able to be sought re the loan, repayment. No other remedy is sought or claimed. With the repayment that relief falls away. the second claim was that Wasps got given a 250 year lease for nothing. That has also now been blown out of the water. JR redundant...

Please save me the time and let me know the basis of a claim for compensation?