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new fbd proposals

  • 02-10-2011 8:06am
    #1
    whelan1
    Closed Accounts Posts: 11,786 ✭✭✭✭


    does any one understand what they are doing? there is a letter in the journal about it:confused:


Comments

  • #2
    blue5000
    Moderators, Society & Culture Moderators Posts: 12,705 Mod ✭✭✭✭blue5000


    Driving a big green double decker bus round to marts?

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



  • #3
    5live
    Closed Accounts Posts: 4,438 ✭✭✭5live


    whelan1 wrote: »
    does any one understand what they are doing? there is a letter in the journal about it:confused:
    I think they are trying to clean up the balance sheet by offloading most of the debt, from property/hotel buying/development into a separate company and then floating that with Farm Business Developments eventually owning upto 75% of the new company as a reward for facilitating the cleaning and management of the new company, if i understood what i was told by a shareholder


  • #4
    whelan1
    Closed Accounts Posts: 11,786 ✭✭✭✭whelan1


    ok so i have read the letters page in the journal last week and this week , i think john boylan had valid points but padraig walsh , now this is the same guy that promoted the glanbia deal that was awful , so what to do:confused: i am saying if in doubt vote no


  • #5
    whelan1
    Closed Accounts Posts: 11,786 ✭✭✭✭whelan1


    well my dad went to the meeting, something like 31 for 7 against , mr padraig walsh gave his spin on things , a good few people where afraid if they voted against the company would flop so they where voting yes...


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