Its interesting how close a lot of the action is to the time SP was appointed ie. when he was on the scene
Apart from the issue of 71m shares worth some £35m to buy back the (split)subscription CD on 6 June we have on 1 June 2005:
"The Directors of Crown are pleased to announce that Lambert has met its
obligations to Crown and the proceeds of the promissory note have been deposited
with Banco do Brasil at an interest rate of 7.5% per annum for a term maturing
on December 13, 2009."
proceeds of the promissory note deposited with BdB. Again an instrument made to sound like real cash.
Why did SP not clarify what this actually meant and why it was put on deposit until 2009. He must have been concluding his DD before taking office on 6 June. What papers did he see relating to this?
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