Quintrell_Green":1pvv8qel said:We can speculate guys for hours/days. All I can say is that I do not think that Heaney/whoever would be daft enough to commit him/themselves to a legal contract to come up with the residue required of the £1M [?] in the knowledge he cannot complete because the funds are not available.
He/ they can sued in the High Court for breach of contract and at the same time interest will be charged on the amount outstanding. There is a standard figure [I think] of 5% unless there is a variation agreed between the parties.
This will be BG's option, but it will involve him incurring more legal fees as the Administrator in prompting action against the Heaney/Consortium.
On the other hand he may take the view that the consortium are unable to get their cash payment act together and look to Brent. This will save legal fees.
If I was to put money down, I would think the Heaney/Consortium will come up with the cash, although I am inclined to think as years pass they might regret it.
Would he though? Or would it be the un-named director of bishop international in Gibraltar where we have no control and no one could be prosectued?
Also QG with regards to my comment about payments to ridders and hart, they have been confirmed previously by graham clark and a couple of others, no fantasy mate. Thats why people are so hacked off about the staff wages.