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Old 9th May 2007, 15:50
  #36 (permalink)  
nav3
 
Join Date: Mar 2007
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Captain Caveman,

That may have been because there were 'Legal Charges' against any assets and the sales ledger being one of the assets, was probably why the bank held back on the Duo money. ie as bookings were made and cash became 'live', funds did not get to the company bank account as the Merchant Services provider held them back and therefore used those against other costs and debts it may have had.

Ultimately the bank too k hold of the purse strings in the latter days I believe. Anyway, back to the matter in hand let's hope JXT can pull some rabbits out and make themselves and Blackpool a place to be proud of.
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