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Farm Business
Agricultural Matters
UK ACORN,FARM FINANCE,DES PHILLIPS,BEWARE!!!!!
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<blockquote data-quote="Red Bull" data-source="post: 2768608" data-attributes="member: 6863"><p>Do you believe any of these Companies actually pay rent? They may be receiving rent from other tenants but this will only go into the pot to keep the Phillip's carousel going. As for the carousel companies with their nominal share holding and capital, their stationery is probably the only asset they possess. These efforts to re-finance are to meet their commitments to short term finance to which they are in default. Not a new situation, a cyclic event. No longer however do they have trophy directors to further their cause, it has now become a one man and his dog desperate operation. All in all indications are the downfall of the House of Phillips in progress, hopefully!!!</p></blockquote><p></p>
[QUOTE="Red Bull, post: 2768608, member: 6863"] Do you believe any of these Companies actually pay rent? They may be receiving rent from other tenants but this will only go into the pot to keep the Phillip's carousel going. As for the carousel companies with their nominal share holding and capital, their stationery is probably the only asset they possess. These efforts to re-finance are to meet their commitments to short term finance to which they are in default. Not a new situation, a cyclic event. No longer however do they have trophy directors to further their cause, it has now become a one man and his dog desperate operation. All in all indications are the downfall of the House of Phillips in progress, hopefully!!! [/QUOTE]
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UK ACORN,FARM FINANCE,DES PHILLIPS,BEWARE!!!!!
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