ROS .. the gamblers anonymous thread !!!

...again correct me if I`m wrong but.....if the service side was `sold` `in house` so to speak, one can presume that the purchasing managers, presumably all the directors are in on this....then ROS` directors wage bill could be transfered over to the service side?....maybe not a bad thing after all? As a result of the `transfer` of the `cash cow`...the wage bill will be split up `pro-rata`....so the £1m wage bill totaly against ROS is now out of the window....the problem is of course exactly what percentage was the service side in relationship to the company as a whole?


with the benefit of hindsight ,just perhaps we`ve all underestimated the management. They gave themselves a salary increase against a continued, albeit smaller, loss for the company as a whole.The increase may have been given because of the prospective MBO?...just my opinion of course...but we live in cynical world.


in fact the more I think about it the I realise how astute the company has been...

ie, maintain control of the company (albeit through intermediaries).
maintain the £1m salary (again through an intermediary)
and paid two large debts off at the same time......there`s only one word that comes to mind...ingenious....... Feels like the Berties work...


the bottom line is that we have now reached the conclusion of a paper execise that has ended up cancelling two large debts..... and life goes on an usual.