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Wasps current finances & hope (2 Viewers)

  • Thread starter oldskyblue58
  • Start date Nov 19, 2017
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fernandopartridge

Well-Known Member
  • May 4, 2018
  • #876
skybluetony176 said:
I know from talking to our accounts dept that when they’re doing credit checks on new customers if they check their accounts on companies house and the books are loaded with intangible assets it’s rare that they get account facilities. Sounds very similar.
Click to expand...

I let contracts for a living, not a chance they'd pass a financial health assessment
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #877
Nick said:
According a Wasps fan, they are underplaying the accounts because if they reported a profitable operation it would strengthen SISU's case.





It's like listening to the shit Italia comes up with.
Click to expand...

Or like the Les Reid fan club on here ?
 

chiefdave

Well-Known Member
  • May 4, 2018
  • #878
Nick said:
According a Wasps fan, they are underplaying the accounts because if they reported a profitable operation it would strengthen SISU's case.
Click to expand...
Brilliant news for SISU if true. Italia claimed yesterday the accounts were all guesswork and now we have someone claiming they've deliberately falsified the accounts to assist in a court case.
 
Reactions: Moff and lordsummerisle

Nick

Administrator
  • May 4, 2018
  • #879
italiahorse said:
Or like the Les Reid fan club on here ?
Click to expand...

Where's that then? Read the thread, there were comments on here before Les Reid had probably even seen the accounts let alone written an article.

That's another standard line from the Wasps website as well, deflect it to Les Reid making it up and everybody believing it.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #880
Nick said:
Where's that then? Read the thread, there were comments on here before Les Reid had probably even seen the accounts let alone written an article.

That's another standard line from the Wasps website as well, deflect it to Les Reid making it up and everybody believing it.
Click to expand...

He writes your script and you run with it. Not just this thread.
As I said the only people worrying about it are on here.
I could say Sisu are deflecting you from the real problem and you have fell into the trap.
The Wasps business is in its early days and yes it's probably not happening as quick as expected for some like institutional bond holders etc but it's moving in the right direction be it slowly.

I like their threads comment saying that they delayed the accounts to get this forum in meltdown.
 

Nick

Administrator
  • May 4, 2018
  • #881
italiahorse said:
He writes your script and you run with it. Not just this thread.
As I said the only people worrying about it are on here.
I could say Sisu are deflecting you from the real problem and you have fell into the trap.
The Wasps business is in its early days and yes it's probably not happening as quick as expected for some like institutional bond holders etc but it's moving in the right direction be it slowly.

I like their threads comment saying that they delayed the accounts to get this forum in meltdown.
Click to expand...

Here we go...

The difference is, nobody writes my script and most others on here. All this thread has shown is just how much you are being fed nonsense and push it.

The only people out playing it down are those who will benefit from it in the pocket.

You are wrong at every turn. You have no credibility and want to give it the "Les Reid writes your script" line because it means you have to get your head out of the sand.

It's exactly the same as when you were telling people to back SISU. The same when you said let the club die so Wasps can save us.

You can push it that Les Reid is making it up because he dislikes Wasps and the Council etc, the most damning thing about it is what the auditors said.
 
Reactions: stupot07, Astute and Liquid Gold

speedie87

Well-Known Member
  • May 4, 2018
  • #882
Not it’s not just on here though is it

Someone posted a link to an investor forum where people had concerns re bonds and had sold them.
 

covmark

Well-Known Member
  • May 4, 2018
  • #883
italiahorse said:
He writes your script and you run with it. Not just this thread.
As I said the only people worrying about it are on here.
I could say Sisu are deflecting you from the real problem and you have fell into the trap.
The Wasps business is in its early days and yes it's probably not happening as quick as expected for some like institutional bond holders etc but it's moving in the right direction be it slowly.

I like their threads comment saying that they delayed the accounts to get this forum in meltdown.
Click to expand...
 
Reactions: Terry Gibson's perm, Moff, Astute and 2 others

italiahorse

Well-Known Member
  • May 4, 2018
  • #884
speedie87 said:
Not it’s not just on here though is it

Someone posted a link to an investor forum where people had concerns re bonds and had sold them.
Click to expand...

Shares/Bonds go up and down. They will recover over the next few weeks.
The information on the trading accounts hasn't really changed since they were first published in December.
The £1.1 million confused the issue but it's still there just on a different side of the accounts line.
 

skybluetony176

Well-Known Member
  • May 4, 2018
  • #885
speedie87 said:
The ricoh is classed as a tangible rather an intangible asset, is being recorded at fair value rather than at cost, which is perfectly allowed within accounting rules .

Intangible are things like goodwill, patents, development or software costs which are much harder to value. Goodwill is literally a value attached to a business when purchased for it basically having a good name which adds value, over an above its actual assets.
Click to expand...

Very true. What I believe our accounts look for is exaggerated value of intangible assets that conveniently mirror debt to make the company look like it has value at first glance. The same principle could potentially happen with a tangible assets especially if you’re writing the formula for the way the valuation is carried out. You quite rightly make the distinction between tangible and intangible assets though.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #886
covmark said:
Click to expand...
Which one is Les Reid ?
I recognise Nick from the Sisu flag sticking out his arse.
 

covmark

Well-Known Member
  • May 4, 2018
  • #887
italiahorse said:
Which one is Les Reid ?
I recognise Nick from the Sisu flag sticking out his arse.
Click to expand...
I only remember one poster on here with a sisu flag. Wonder who that was??
Sisu is saving us!

Sent from my SM-G930F using Tapatalk
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #888
covmark said:
I only remember one poster on here with a sisu flag. Wonder who that was??
Sisu is saving us!

Sent from my SM-G930F using Tapatalk
Click to expand...
... and at the time they were trying.
Things change and we move on. Try it ?
 

Nick

Administrator
  • May 4, 2018
  • #889
italiahorse said:
Which one is Les Reid ?
I recognise Nick from the Sisu flag sticking out his arse.
Click to expand...

Again, what you miss is that you still are the most pro sisu person to post on here.

Who else has demanded everybody get behind SISU (not CCFC, SISU)?

Your awful attempt at pushing their line is just showing you up, I actually feel embarrassed for you.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #890
Nick said:
Again, what you miss is that you still are the most pro sisu person to post on here.

Who else has demanded everybody get behind SISU (not CCFC, SISU)?

Your awful attempt at pushing their line is just showing you up, I actually feel embarrassed for you.
Click to expand...
Believe it or not, since the Northampton debacle I've moved on, rather than support Sisu there and later on in the courts.
I prefer to analyse and quote what Wasps have published rather than wax lyrical over Les Reid articles.
I take it as a positive that you feel embarrassed for me !!
 

skybluetony176

Well-Known Member
  • May 4, 2018
  • #891
Anyone know what’s happening with the Wasp Bond price today? Anymore drops?
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #892
skybluetony176 said:
Anyone know what’s happening with the Wasp Bond price today? Anymore drops?
Click to expand...
You'll need to wait until 'the usual' have cleared the saliva off their screens.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #893
chiefdave said:
Brilliant news for SISU if true. Italia claimed yesterday the accounts were all guesswork and now we have someone claiming they've deliberately falsified the accounts to assist in a court case.
Click to expand...

The guesswork is on here.
The same information was available in the trading update in December last year.
 

chiefdave

Well-Known Member
  • May 4, 2018
  • #894
italiahorse said:
The same information was available in the trading update in December last year.
Click to expand...
Where in that update did it state the auditors had identified Wasps had been supplying falsified information or detail concerns about the viability of the business or that the auditors were resigning?
 

Nick

Administrator
  • May 4, 2018
  • #895
italiahorse said:
Believe it or not, since the Northampton debacle I've moved on, rather than support Sisu there and later on in the courts.
I prefer to analyse and quote what Wasps have published rather than wax lyrical over Les Reid articles.
I take it as a positive that you feel embarrassed for me !!
Click to expand...
Why do you keep going on about les reid? The accounts had been discussed in this thread before he had done an article.

It's very strange. Desperately trying to deflect it as him making it up, the wasps happy clappers might fall for that.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #896
chiefdave said:
Where in that update did it state the auditors had identified Wasps had been supplying falsified information or detail concerns about the viability of the business or that the auditors were resigning?
Click to expand...
The information and figures are the same it's just the interpretation that is the latest news.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #897
Nick said:
Why do you keep going on about les reid? The accounts had been discussed in this thread before he had done an article.

It's very strange. Desperately trying to deflect it as him making it up, the wasps happy clappers might fall for that.
Click to expand...
I'm not going on about 'him', I'm saying 'you' (and others) are just running with his Sisu based news articles.
 

Liquid Gold

Well-Known Member
  • May 4, 2018
  • #898
Nick said:
Why do you keep going on about les reid? The accounts had been discussed in this thread before he had done an article.

It's very strange. Desperately trying to deflect it as him making it up, the wasps happy clappers might fall for that.
Click to expand...
He's going on about Les Reid because he's trying to deflect from the appalling information coming from Wasps. It's probably the line the crisis management PR company has fed.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #899
Liquid Gold said:
He's going on about Les Reid because he's trying to deflect from the appalling information coming from Wasps. It's probably the line the crisis management PR company has fed.
Click to expand...
But it's not new news. The accounts information was known in December.
 

Nick

Administrator
  • May 4, 2018
  • #900
italiahorse said:
I'm not going on about 'him', I'm saying 'you' (and others) are just running with his Sisu based news articles.
Click to expand...
Where is that happening?
 

Nick

Administrator
  • May 4, 2018
  • #901
italiahorse said:
But it's not new news. The accounts information was known in December.
Click to expand...
The falsified evidence was known? Any links?
 

Astute

Well-Known Member
  • May 4, 2018
  • #902
italiahorse said:
He writes your script and you run with it. Not just this thread.
As I said the only people worrying about it are on here.
I could say Sisu are deflecting you from the real problem and you have fell into the trap.
The Wasps business is in its early days and yes it's probably not happening as quick as expected for some like institutional bond holders etc but it's moving in the right direction be it slowly.

I like their threads comment saying that they delayed the accounts to get this forum in meltdown.
Click to expand...
Calm down.

I was saying that I couldn't see it working well before Reid said a word about it. And Wasps not being able to make it work doesn't become false just because Reid now makes comments on the matter.

I didn't want SISU getting the arena. The reason for this was I thought that they would put unmanageable debt onto it. Many disagreed with me and that is putting it politely.

So Wasps came along. They got it cheaply. They put a massive debt onto the arena. This time I was happy for it to happen. And for the same reason I didn't want SISU getting the arena. They piled it high with unmanageable debt.

So where are they going to get well over 2m a year just to service the bond debt? The only chance they have is if they cut the squad to the bones. But then results suffer. When results suffer so do attendances.

Happy days.
 
Reactions: italiahorse

italiahorse

Well-Known Member
  • May 4, 2018
  • #903
Nick said:
Where is that happening?
Click to expand...
You'll need to read back if you forgot.
 

Nick

Administrator
  • May 4, 2018
  • #904
italiahorse said:
You'll need to read back if you forgot.
Click to expand...
So you can't back it up? But desperate to now just make things up to deflect isn't it?
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #905
Nick said:
So you can't back it up? But desperate to now just make things up to deflect isn't it?
Click to expand...
No I can't be bothered to go back through your posts which is slightly different.
 

italiahorse

Well-Known Member
  • May 4, 2018
  • #906
Nick said:
The falsified evidence was known? Any links?
Click to expand...
Again, never said that I said the accounts, keep up.
The accounts transaction which the independent accountants assess as falsified was known then.
Your source is ?
Please don't say Coventry Observer
 

Nick

Administrator
  • May 4, 2018
  • #907
italiahorse said:
Again, never said that I said the accounts, keep up.
The accounts transaction which the independent accountants assess as falsified was known then.
Your source is ?
Please don't say Coventry Observer
Click to expand...

What are you on about now?

The source was the accounts yesterday where the auditors used the word "falsified".
 
Reactions: chiefdave

Nick

Administrator
  • May 4, 2018
  • #908
italiahorse said:
No I can't be bothered to go back through your posts which is slightly different.
Click to expand...

Of course you can't.

It's exactly as I said, just making stuff up to deflect. It doesn't work.

Point it out with a quote or stop making things up. Simple as that.
 
O

oldfiver

Well-Known Member
  • May 4, 2018
  • #909
skybluetony176 said:
Anyone know what’s happening with the Wasp Bond price today? Anymore drops?
Click to expand...

No reported trades today but at 85.5 I suspect they are all holding on for a recovery

 

jordan210

Well-Known Member
  • May 4, 2018
  • #910
As the auditors have said there is information that has been falsified. Surely they have a duty of care to report this to the relevant authority for fraud
 
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