ALK Capital or Farnell/Elkashashy takeover

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Billy Balfour
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Re: Something different, what do you think

Post by Billy Balfour » Wed Dec 29, 2021 8:38 am

Steddyman wrote:
Fri Dec 24, 2021 5:37 pm
Very forward thinking of ALK and I am very supportive having been a long term investor in crypto assets.

I guess this is the problem they will face though. A lot of older supporters will be ignorant to the financial benefits and closer engagement these securities can bring to the club and the fans. They have probably just heard crypto and fraud mentioned in the same sentence and assumed they are all the same.
Heh. I work in the digital tech, and I'm also under 45, but still, don't let that stop you from being patronising and presumptuous. Like I said - I wouldn't touch it with a barge pole. I'm certainly not going to exchange a stable form of currency for an unstable one, so that I can buy into highly leveraged club assets, unless it has a fixed peg to the GBP, and if it did, why even bother.
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Re: Something different, what do you think

Post by Peter Loo » Wed Dec 29, 2021 10:59 am

Billy Balfour wrote:
Wed Dec 29, 2021 8:38 am
Heh. I work in the digital tech, and I'm also under 45, but still, don't let that stop you from being patronising and presumptuous. Like I said - I wouldn't touch it with a barge pole. I'm certainly not going to exchange a stable form of currency for an unstable one, so that I can buy into highly leveraged club assets, unless it has a fixed peg to the GBP, and if it did, why even bother.
I approve of that post ;)
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Re: Something different, what do you think

Post by Burnley Ace » Wed Dec 29, 2021 12:09 pm

Steddyman wrote:
Fri Dec 24, 2021 6:19 pm
Most big clubs around Europe are doing this now. It isn't so much about investment and profit as it is about engagement and ownership. These assets can allow the fans to feel much closer to the club and players.
In the same way buying shares in the club did?
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claptrappers_union » Wed Dec 29, 2021 1:01 pm

“These assets can allow the fans to feel much closer to the club and players.”

Can you explain what that means…

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Billy Balfour » Wed Dec 29, 2021 1:04 pm

Sounds like corporate marketing jargon, doesn't it.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Newcastleclaret93 » Wed Dec 29, 2021 1:34 pm

claptrappers_union wrote:
Wed Dec 29, 2021 1:01 pm
“These assets can allow the fans to feel much closer to the club and players.”

Can you explain what that means…
Probably be something like a limited edition NFT of a player or something like that.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Iloveyoubrady » Wed Dec 29, 2021 1:34 pm

Imagine: ALK have the plan to become the “favourite underdogs” by tapping in to the crypto world where millions of people pump small amounts of cash into a “stock” as a meme. We then have more money than Newcastle. They all find it really quite funny when we win the premier league.
Simple. Alan knows what he’s doing.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Newcastleclaret93 » Wed Dec 29, 2021 1:45 pm

Iloveyoubrady wrote:
Wed Dec 29, 2021 1:34 pm
Imagine: ALK have the plan to become the “favourite underdogs” by tapping in to the crypto world where millions of people pump small amounts of cash into a “stock” as a meme. We then have more money than Newcastle. They all find it really quite funny when we win the premier league.
Simple. Alan knows what he’s doing.
Exciting times isn’t it ;)

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claptrappers_union » Wed Dec 29, 2021 1:49 pm

It’s all very vague. How can you expect ordinarily people to buy into a vision when we are alienated by jargon?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by elwaclaret » Wed Dec 29, 2021 3:05 pm

If anything I would say crypto currency is likely to be in for a rough time if only due to the amount of energy it takes to run the generators.

I looked into Crypto when it first arrived and again last year, despite contacting only Hargreaves’s Landsdown I have been bombarded with ‘crypto agencies’ ringing my mobile to the point I very rarely bother answering my phone unless I recognise the number… do I want Burnley speculating init… absolutely not.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by joey13 » Wed Dec 29, 2021 3:50 pm

Iloveyoubrady wrote:
Wed Dec 29, 2021 1:34 pm
Imagine: ALK have the plan to become the “favourite underdogs” by tapping in to the crypto world where millions of people pump small amounts of cash into a “stock” as a meme. We then have more money than Newcastle. They all find it really quite funny when we win the premier league.
Simple. Alan knows what he’s doing.
Of course he does , he played a blinder at Lehman Brothers :roll:

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Peter Loo » Wed Dec 29, 2021 3:54 pm

joey13 wrote:
Wed Dec 29, 2021 3:50 pm
Of course he does , he played a blinder at Lehman Brothers :roll:
Ah Lemons Brothers I nearly forgot about them ..

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Swizzlestick » Wed Dec 29, 2021 4:07 pm

I didn’t realise Alan Pace was solely responsible for the downfall of Lehman Brothers.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by joey13 » Wed Dec 29, 2021 4:41 pm

Swizzlestick wrote:
Wed Dec 29, 2021 4:07 pm
I didn’t realise Alan Pace was solely responsible for the downfall of Lehman Brothers.
Who said he was solely responsible?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by StuffyClaret » Wed Dec 29, 2021 4:53 pm

joey13 wrote:
Wed Dec 29, 2021 4:41 pm
Who said he was solely responsible?

So...in what aspect was he responsible for their downfall? (I assume that is what is being implied by the previous comment .....apologies if I am mistaken)

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Newcastleclaret93 » Wed Dec 29, 2021 5:00 pm

StuffyClaret wrote:
Wed Dec 29, 2021 4:53 pm
So...in what aspect was he responsible for their downfall? (I assume that is what is being implied by the previous comment .....apologies if I am mistaken)
It works two ways, numerous people on this thread have said he will be great owner because of his experience at Lehman Brothers.

In reality it means nothing

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by StuffyClaret » Wed Dec 29, 2021 5:05 pm

Newcastleclaret93 wrote:
Wed Dec 29, 2021 5:00 pm
It works two ways
Hmmm....not sure it does

One is a general statement about the fact that he has had a (relatively) senior role within a major financial corporation; and another that implies that he contributed to their demise :roll:

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Swizzlestick » Wed Dec 29, 2021 5:43 pm

Besides, didn’t he leave before all the subprime mess and accounting irregularities really kicked off? He went on to have a very senior role at Citibank so evidently was doing something right.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Wed Dec 29, 2021 5:57 pm

Newcastleclaret93 wrote:
Wed Dec 29, 2021 5:00 pm
It works two ways, numerous people on this thread have said he will be great owner because of his experience at Lehman Brothers.

In reality it means nothing
StuffyClaret wrote:
Wed Dec 29, 2021 5:05 pm
Hmmm....not sure it does

One is a general statement about the fact that he has had a (relatively) senior role within a major financial corporation; and another that implies that he contributed to their demise :roll:
Swizzlestick wrote:
Wed Dec 29, 2021 5:43 pm
Besides, didn’t he leave before all the subprime mess and accounting irregularities really kicked off? He went on to have a very senior role at Citibank so evidently was doing something right.
According to Alan Pace's LinkedIn profile he left Lehman Brothers in 2006. The first of the major investment banks to hit trouble with sub-prime mortgages was Bear Stearns in March 2008. Lehman Brothers went bust on 14th September 2008.

Again, according to Alan Pace's LinkedIn record he was President of Real Salt Lake from Sept-2006 until April-2008.

It's Alan Pace's experience with Citigroup that demonstrates his financial markets experience. From Sept-2017 to Oct-2019 he was Global Head of Prime Futures Services Sales.

And, just a reminder, guys. The involvement with INX is suggesting a digital security and not a cryptocurrency. See my post above that explains the difference between these two very different things.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by bfcjg » Wed Dec 29, 2021 5:59 pm

Poor sod hasn't kicked a ball and he's already a scapegoat.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Wed Dec 29, 2021 6:35 pm

elwaclaret wrote:
Wed Dec 29, 2021 3:05 pm
If anything I would say crypto currency is likely to be in for a rough time if only due to the amount of energy it takes to run the generators.
I always assumed that these crypto currencies were run by teenage nerds from their bedroom.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Wed Jan 05, 2022 10:15 am

Looks like they've been naughty boys. The Confirmation Statements for Kettering Capital and Caldervale Holdings are a couple of months overdue so Companies House (I assume) have filed a notice for compulsory strike-off.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Spijed » Wed Jan 05, 2022 10:21 am

aggi wrote:
Wed Jan 05, 2022 10:15 am
so Companies House (I assume) have filed a notice for compulsory strike-off.
What does that mean in terms of their ownership of BFC?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Wed Jan 05, 2022 10:24 am

Nothing, they’ll just file it and crack on.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Wed Jan 05, 2022 11:46 am

Yes, it's incredibly unlikely that anything will come out of this. It's Companies House saying you've ignored our polite reminders, here's a serious one.

My best guess (and it is only a guess) is that they are probably taking legal advice about how much they have to disclose re: ownership which is holding things up. It will get filed eventually.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretAndJew » Wed Jan 05, 2022 1:02 pm

What happens when a company is struck off?
Before striking a company off the register, the Companies House registrar must send two formal letters to the company’s registered address to inquire whether it is still operating.

If the registrar receives no response to the letters, they will then publish a notice in the Gazette stating that they intend to strike off the company unless they are given reason not to.

This is known as the ‘first Gazette notice for compulsory strike off’. A copy of this notice will be placed on the company’s public record.

Following the first Gazette notice, the Companies House registrar will strike the company off the register unless they are given a reason not to within two months.

This means that if anyone objects to the company being struck off - for example, the company’s directors, shareholders or creditors - they have two months in which to act.

If Companies House does not receive any objections within two months from the date of the first Gazette notice, the company will be struck off.

The company will then be dissolved upon publication of a second notice in the Gazette.

From receipt of the first letter to the company being struck off, the compulsory strike off process usually takes around four months in total.

What will happen to my company?
If you do not respond to inquiry letters from Companies House, your company may be forcibly struck off even if you’re still trading.

The consequences of this could be significant, and may include the following:

Your company will cease to exist as a legal entity
Ownership of any undistributed assets or cash will be automatically transferred to the Crown
Contracts with suppliers and customers will be jeopardised
The company will not be able to secure finance to rescue itself
The company will no longer have the protection of limited liability if it continues to trade, so directors may face personal liability for the company’s debts
The directors’ conduct may be investigated, which could lead to disqualification from being a company director for up to 15 years
As you can see, if Companies House initiates the compulsory strike off process and you want to continue trading, it’s vital to take swift action to prevent the situation reaching this stage.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Wed Jan 05, 2022 2:21 pm

ClaretAndJew wrote:
Wed Jan 05, 2022 1:02 pm
...
Ownership of any undistributed assets or cash will be automatically transferred to the Crown
...
I wonder what kind of transfer funds they'd make available.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by GodIsADeeJay81 » Wed Jan 05, 2022 2:31 pm

aggi wrote:
Wed Jan 05, 2022 2:21 pm
I wonder what kind of transfer funds they'd make available.
Charlie would make sure we're looked after

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Thu Jan 06, 2022 2:50 pm

aggi wrote:
Wed Jan 05, 2022 10:15 am
Looks like they've been naughty boys. The Confirmation Statements for Kettering Capital and Caldervale Holdings are a couple of months overdue so Companies House (I assume) have filed a notice for compulsory strike-off.
Looks like the Calder Vale Holdings one has been filed (although it does appear to be blank). I assume the other will follow shortly.

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Compulsory Strike Off Order against Calder Vale Holdings

Post by mybloodisclaret » Wed Jan 12, 2022 9:48 am

Anyone heard of a Compulsory Strike off order being issued against Calder Vale Holdings and what that implies for us?

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Re: Compulsory Strike Off Order against Calder Vale Holdings

Post by Tall Paul » Wed Jan 12, 2022 9:57 am

It's been discontinued now so it doesn't imply anything.

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Re: Compulsory Strike Off Order against Calder Vale Holdings

Post by aggi » Wed Jan 12, 2022 10:04 am

Mentioned here viewtopic.php?f=2&t=49975&p=1714139#p1714139
As expected it's now been filed and the order discontinued.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Adeola Friday » Wed Jan 12, 2022 11:08 am

aggi wrote:
Wed Jan 05, 2022 2:21 pm
I wonder what kind of transfer funds they'd make available.
I'll have a word, I still know some people knocking around at the big house

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Reecey1987 » Thu Jan 20, 2022 5:57 am


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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claretandy » Thu Jan 20, 2022 6:41 am

Nothing new there, it's a terrible piece, full of speculation.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Newcastleclaret93 » Thu Jan 20, 2022 6:53 am

Think most of us expected this from day one of the take over.

Exciting times

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Bordeauxclaret » Thu Jan 20, 2022 7:05 am

I thought it had been reported a while ago that the terms had been renegotiated?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by BurnleyFC » Thu Jan 20, 2022 7:07 am

It’s a good job we scared off Farnell and that naughty Egyptian!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by RVclaret » Thu Jan 20, 2022 7:10 am

Bordeauxclaret wrote:
Thu Jan 20, 2022 7:05 am
I thought it had been reported a while ago that the terms had been renegotiated?
It had. Nothing is new in there. And the fact we are linked with quite a few players right now and trying to get deals done suggests the author is purely speculating.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Thu Jan 20, 2022 7:35 am

I’d suggest the “sources” referred to are this messageboard!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Lancasterclaret » Thu Jan 20, 2022 7:43 am

BurnleyFC wrote:
Thu Jan 20, 2022 7:07 am
It’s a good job we scared off Farnell and that naughty Egyptian!
I'm struggling here with this one

Farnells track record is there for all to see. He ruins football clubs.

We still don't know for sure what is going to happen to us, and Pace (and Garlick did) will run Burnley FC as a business

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claretonthecoast1882 » Thu Jan 20, 2022 8:02 am

Sources = fans forums and twitter

You would like to say Matt Hughes is normally better than this, but he isn't

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by BurnleyFC » Thu Jan 20, 2022 8:05 am

Lancasterclaret wrote:
Thu Jan 20, 2022 7:43 am
I'm struggling here with this one

Farnells track record is there for all to see. He ruins football clubs.

We still don't know for sure what is going to happen to us, and Pace (and Garlick did) will run Burnley FC as a business
It was tongue in cheek really, a bit of a better the devil you know type of post.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by aggi » Thu Jan 20, 2022 10:41 am

Adeola Friday wrote:
Wed Jan 12, 2022 11:08 am
I'll have a word, I still know some people knocking around at the big house
I didn't know this was you, assuming this is you.

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Re: Something different, what do you think

Post by spt_claret » Thu Jan 20, 2022 2:06 pm

Billy Balfour wrote:
Wed Dec 29, 2021 8:38 am
Heh. I work in the digital tech, and I'm also under 45, but still, don't let that stop you from being patronising and presumptuous. Like I said - I wouldn't touch it with a barge pole. I'm certainly not going to exchange a stable form of currency for an unstable one, so that I can buy into highly leveraged club assets, unless it has a fixed peg to the GBP, and if it did, why even bother.
Sorry I'm unclear from the press release as my crypto experience is middling- Are INX platform creating a new Burnley FC token? A token which people can buy or sell but is valued against club revenues & position, either directly indexed or indirectly via market confidence? Or is ALK Capital investing in the INX platform and its platform token with club funds, betting that this particular platform takes off in usage similar to say CoinMetro the last 24 months?

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Re: Something different, what do you think

Post by Paul Waine » Thu Jan 20, 2022 3:10 pm

spt_claret wrote:
Thu Jan 20, 2022 2:06 pm
Sorry I'm unclear from the press release as my crypto experience is middling- Are INX platform creating a new Burnley FC token? A token which people can buy or sell but is valued against club revenues & position, either directly indexed or indirectly via market confidence? Or is ALK Capital investing in the INX platform and its platform token with club funds, betting that this particular platform takes off in usage similar to say CoinMetro the last 24 months?
Hi spt, what has been spoken about with INX are digital securities, not crypto coins or tokens. It's definitely not ALK investing in INX and certainly not doing anything with club funds. We shall have to wait and see exactly what emerges if (and when) ALK/INX make further announcements.
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Re: Something different, what do you think

Post by spt_claret » Thu Jan 20, 2022 3:30 pm

Paul Waine wrote:
Thu Jan 20, 2022 3:10 pm
Hi spt, what has been spoken about with INX are digital securities, not crypto coins or tokens. It's definitely not ALK investing in INX and certainly not doing anything with club funds. We shall have to wait and see exactly what emerges if (and when) ALK/INX make further announcements.
So essentially it's a digital token equivalent of a stock market listing for Burnley. Curious. Must admit no idea how that would work in terms of raising funds for the club.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by blake's wand » Thu Jan 20, 2022 3:50 pm

The blockchain angle to it all is just marketing - it's basically just a share that you could buy and I imagine dividends would be based on the revenue of the club, but there isn't a lot of detail

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Re: Something different, what do you think

Post by Paul Waine » Thu Jan 20, 2022 3:58 pm

spt_claret wrote:
Thu Jan 20, 2022 3:30 pm
So essentially it's a digital token equivalent of a stock market listing for Burnley. Curious. Must admit no idea how that would work in terms of raising funds for the club.
I agree. I'm an older guy - and I don't think it's one for my pension. My guess is that a digital security may capture the imagination of younger generations, particularly, people who might be attracted by (a) "digital" and (b) a stake in a Premier League club. If it's possible for social media to drive the people who were buying GameStock (if that was the name) and such like, then I can imagine it's possible to capture the imagination of a digital security where revenues are linked to BFC's Premier League (prospect of) success.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Adeola Friday » Fri Apr 15, 2022 1:47 pm

aggi wrote:
Thu Jan 20, 2022 10:41 am
I didn't know this was you, assuming this is you.
Yep, it’s me. Someone used Croydon on here and I’m not there now anyway, so this is me instead

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