Simon Woods

[Simon Woods @sini1920]

@Blad3sharp @bidsalliance It would be interesting to see how these numbers compare with any statements or comments made by Draper at the time of the first VST proposal or the Irdeto negotiations.

[Simon Woods @sini1920]

@Blad3sharp You could make a case that Drapers acquisition of the shares was not at arms length. HMRC (SAV) would then use their own FMV and the difference between this and the amount paid by Draper could be considered employment income and taxed at 45%, leading, I’m guessing, to bankruptcy!

[Simon Woods @sini1920]

@MHMembers @alvarezmarsal @insolvencygovuk @TheFCA @bidstack It also begs the question, why didn’t they go to shareholders for further funding as a last resort, before putting it into administration ? Presumably, because they wouldn’t have got this opportunity.