Whats the chances of Otium going into admin? (1 Viewer)

skybluetony176

Well-Known Member

• Oct 9, 2013

• #1

BDO concludes there is “fundamental uncertainty which may cast doubt over the company’s ability to continue as a going concern.”

With this comment from the Auditors is there a chance that Otium could go into Administration by the end of the season costing us another 10points?

 

mrtrench

Well-Known Member

• Oct 9, 2013

• #2

Yes, there is a chance.

 

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SonOfSnoz

New Member

• Oct 9, 2013

• #3

Or liquidation!

 

S

SkyblueBazza

Well-Known Member

• Oct 9, 2013

• #4

Look at the names of the directors & I think it says "every chance". It's just a question of "when"?

 

skybluetony176

Well-Known Member

• Oct 9, 2013

• #5

its worrying isn't it. why don't they just cut there losses sell the club to the highest bidder then fuck off.

 

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SkyblueBazza

Well-Known Member

• Oct 9, 2013

• #6

skybluetony176 said:

its worrying isn't it. why don't they just cut there losses sell the club to the highest bidder then fuck off.

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I have no real idea about it but if by selling some significant tax-breaks are lost...maybe they'd be increasing their losses?

 

skybluetony176

Well-Known Member

• Oct 9, 2013

• #7

SkyblueBazza said:

I have no real idea about it but if by selling some significant tax-breaks are lost...maybe they'd be increasing their losses?

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the only sure thing is that they are increasing all of ours pain on an almost daily basis