As the family 'investement manager' (ho ho) I am only begining my 'proper' reseach into this Energis business -- dispite my serectary advising me that I have much better and more profitable things to do --- like running a business !!
However this is much more fun! And, may, ulitmately prove financially rewarding !
I suggest 'We' all take a look at 'The Chancery Guide 2002' Chapter 20 The Companies Court -- section 20.10 Petitions for administration orders.
It says "An administration order is an order directing that, during the period for which the order is in force, the affairs, business and property of the company are to be managed by a person ("the administrator") appointed for the purpose by the court."
As I understand the current position Energis is still in 'administration'. So who is doing what ? And what exactly are Chelys doing and for whom and with what authority ?
Anyone like to set this out - please.
I am consulting with my legal advisors.
'We' should also be aware that in certain circumstances an administration order can be extended simply by an application made in writng at the appropriate time. 'We' may not have the opportunity to have our say. You (We) have been warned!!!
I trust that chap 'Jack-attack' did find 'good old David' hiding in his wardrobe!! And, what a nice supprise that would be to.!!!!
Happy new year -- and to getting our company back ! (well some of it at least)
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