Bluestream Ceases trading?
Join Date: Apr 2009
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Good Evening.
The company was sold for less than 1% of the value of a Chieftain!
The Chieftain had no mortgage left on it; I worked 7 years paying it off.
It was the understanding of the shareholders at the time of sale that the purchaser would obviously have no interest for the remaining assets, after all how could anyone possibly imagine you could purchase a House and Aircraft for a very nominal sum.
The Chieftain was sold.
Cy Williams looked at the value of the chieftain online using controller.com, at a meeting which myself and David where present.
David (who held 50% of the shares prior to sale) and I (who held the remaining 50%) agreed to split the sale of the Chieftain 50/50. I have emails from David Williams confirming this.
I then paid £70,000 ($140,000 at the time, aprox) into a bank account of David William’s choice, again I have many the emails stating this.
When it sold I obviously kept the remainder.
As for the house I paid for it, to David Williams. The agreement was it would be transferred into my name and that both David & Lisa Williams would have no claim to the house, this agreement is in writing too.
This was never carried out, and unfortunately my departure was shortly after.
It took two months just to gain access to my house through lawyers.
It is a matter for the court to decide whether anyone could possibly purchase an unencumbered PA31 and a House for $1.
David Williams received 50% I received 50% - This is fact and evidence and emails show this which I am submitting.
As for the House, that is a matter which I can’t discuss until evidence is submitted, please wait.
The Administrators report is factually incorrect, it also lists me as the FD, or similar.
It does not answer many questions which I and my Lawyer have as to the assets / Trading / and practices...
I am not responsible that staff were promised payments and did not receive them.
I did not ask staff to pay for things on their own credit cards knowing they would not receive them. I simply was not there.
It appears that internal accounting purposely sidesteps the money I put into the company.
Fortuitously with the court case both parties have full records of bank statements and transfers.
This email was also sent out which is false:
Sent: 11 July 2008 14:46
To: BlueStream Accounts; BlueStream CAA Postholder; BlueStream CabinCrew; BlueStream Challenger Pilots; BlueStream Citation Pilots; BlueStream Maintenance; BlueStream Ops; BlueStream Sales; Bluestrream HR
Subject: Company Update
All,
Please be advised that as of today John Matthews has resigned as a director of BlueStream Aviation Ltd and has also relinquished any ownership thereof.
As such, John has no authority in connection with BlueStream Aviation, forth with.
Further information to follow in due course.
Regards
Cy
Well, As you can see I am a shareholder, as you can see I did sell the PA31, as you can see it was shared between myself and David Williams.
As I shareholder I have no information on the company, I have to rely on staff sending me the letter because I have not even received anything from them!
The creditors list is incomplete, the actions answered, and most importantly my legal team only established contact AFTER this letter had been prepared.
At present I can’t go into any further detail as my lawyers are in communication with the Administrators, who only know what they have been told.
Thank you for your time. Have a pleasant evening.
Kindest Regards,
John Matthews
The company was sold for less than 1% of the value of a Chieftain!
The Chieftain had no mortgage left on it; I worked 7 years paying it off.
It was the understanding of the shareholders at the time of sale that the purchaser would obviously have no interest for the remaining assets, after all how could anyone possibly imagine you could purchase a House and Aircraft for a very nominal sum.
The Chieftain was sold.
Cy Williams looked at the value of the chieftain online using controller.com, at a meeting which myself and David where present.
David (who held 50% of the shares prior to sale) and I (who held the remaining 50%) agreed to split the sale of the Chieftain 50/50. I have emails from David Williams confirming this.
I then paid £70,000 ($140,000 at the time, aprox) into a bank account of David William’s choice, again I have many the emails stating this.
When it sold I obviously kept the remainder.
As for the house I paid for it, to David Williams. The agreement was it would be transferred into my name and that both David & Lisa Williams would have no claim to the house, this agreement is in writing too.
This was never carried out, and unfortunately my departure was shortly after.
It took two months just to gain access to my house through lawyers.
It is a matter for the court to decide whether anyone could possibly purchase an unencumbered PA31 and a House for $1.
David Williams received 50% I received 50% - This is fact and evidence and emails show this which I am submitting.
As for the House, that is a matter which I can’t discuss until evidence is submitted, please wait.
The Administrators report is factually incorrect, it also lists me as the FD, or similar.
It does not answer many questions which I and my Lawyer have as to the assets / Trading / and practices...
I am not responsible that staff were promised payments and did not receive them.
I did not ask staff to pay for things on their own credit cards knowing they would not receive them. I simply was not there.
It appears that internal accounting purposely sidesteps the money I put into the company.
Fortuitously with the court case both parties have full records of bank statements and transfers.
This email was also sent out which is false:
Sent: 11 July 2008 14:46
To: BlueStream Accounts; BlueStream CAA Postholder; BlueStream CabinCrew; BlueStream Challenger Pilots; BlueStream Citation Pilots; BlueStream Maintenance; BlueStream Ops; BlueStream Sales; Bluestrream HR
Subject: Company Update
All,
Please be advised that as of today John Matthews has resigned as a director of BlueStream Aviation Ltd and has also relinquished any ownership thereof.
As such, John has no authority in connection with BlueStream Aviation, forth with.
Further information to follow in due course.
Regards
Cy
Well, As you can see I am a shareholder, as you can see I did sell the PA31, as you can see it was shared between myself and David Williams.
As I shareholder I have no information on the company, I have to rely on staff sending me the letter because I have not even received anything from them!
The creditors list is incomplete, the actions answered, and most importantly my legal team only established contact AFTER this letter had been prepared.
At present I can’t go into any further detail as my lawyers are in communication with the Administrators, who only know what they have been told.
Thank you for your time. Have a pleasant evening.
Kindest Regards,
John Matthews
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This thread started with all the potential of an Agatha Christie.
Sadly it's starting to get a bit dull, and JM's English teacher would turn in his grave if he saw his grammar and sentence construction today.
Any chance of a murder soon, or at least some gratuitous sex to keep me interested? We've done enough on JM, PM, and CW, now can we add some new characters into the plot please....
My money's on Col.Mustard in the Conservatory with the lead-piping
Sadly it's starting to get a bit dull, and JM's English teacher would turn in his grave if he saw his grammar and sentence construction today.
Any chance of a murder soon, or at least some gratuitous sex to keep me interested? We've done enough on JM, PM, and CW, now can we add some new characters into the plot please....
My money's on Col.Mustard in the Conservatory with the lead-piping
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Gratuitous sex.
pt-wind, 30-odd people have been screwed. How much gratuitous sex do do you want?
As for new characters; there might be a blackmailing house-breaker waiting in the wings. You never know. It would have more impact as an audio book though.
As for new characters; there might be a blackmailing house-breaker waiting in the wings. You never know. It would have more impact as an audio book though.
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John, have heard many stories about you over the past few month's and although I was surprised, as I didn't for one minute beleive you were capable of such deciet, I did beleive them at the time - now I don't. I am very pleased for you that you seem to be gaining a lot of momentum and support to clear your name and truly hope you do.
Your only mistake in my opinion was to get too excited about shiny jets and lots of money, rather than sticking to the principles that made MAS a success in the first place. Ikarus springs to mind. You will bounce back I'm sure. PM me if you want and I will tell you some more....
Your only mistake in my opinion was to get too excited about shiny jets and lots of money, rather than sticking to the principles that made MAS a success in the first place. Ikarus springs to mind. You will bounce back I'm sure. PM me if you want and I will tell you some more....
Join Date: Apr 2009
Location: laleham on thames
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Thank you.
I feel I had to do this as the lies against me were on the increase, and becoming more damaging.
That said, it is only a select few who maintained the lies, mainly because they are still receiving income from the companies that managed to conveniently appropriate contracts (without a tender or sale process required by law) that were profitable, and more significantly held by BlueStream Aviation Ltd. The select few have been specially selected to stay behind on and operate these aircraft, as if BlueStream never existed at all.
Possibly on the condition they spread as much nonsense as possible, I know of many alleged stories about me which have been told by the individuals who still attend Horley, and I am at a complete loss of why they would enter such things. Perhaps they thought there was to be no consequences for their conduct?
Unfortunately this has been very costly to me, I have lost a lot, in more important ways then just money, which is going to take a lengthy time to mend.
I do feel progress is being made now, and value support and contact again with some of you.
But it is far from over yet.
For those interested, I have this morning received my first notification by post from the administrators informing me that the company has gone into administration.
The second letter is more important which asks for specific role descriptions, and my thoughts as to why the company failed and what actions were taken / not taken.
Have a good day.
Kindest Regards,
John Matthews
I feel I had to do this as the lies against me were on the increase, and becoming more damaging.
That said, it is only a select few who maintained the lies, mainly because they are still receiving income from the companies that managed to conveniently appropriate contracts (without a tender or sale process required by law) that were profitable, and more significantly held by BlueStream Aviation Ltd. The select few have been specially selected to stay behind on and operate these aircraft, as if BlueStream never existed at all.
Possibly on the condition they spread as much nonsense as possible, I know of many alleged stories about me which have been told by the individuals who still attend Horley, and I am at a complete loss of why they would enter such things. Perhaps they thought there was to be no consequences for their conduct?
Unfortunately this has been very costly to me, I have lost a lot, in more important ways then just money, which is going to take a lengthy time to mend.
I do feel progress is being made now, and value support and contact again with some of you.
But it is far from over yet.
For those interested, I have this morning received my first notification by post from the administrators informing me that the company has gone into administration.
The second letter is more important which asks for specific role descriptions, and my thoughts as to why the company failed and what actions were taken / not taken.
Have a good day.
Kindest Regards,
John Matthews
Last edited by John_Matthews; 28th Apr 2009 at 11:50.
Join Date: Apr 2009
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Good Afternoon,
With reference to the above query I can answer that in approximately three weeks.
With regards to the Creditors Meeting and possible further analysis of the trading of BlueStream Aviation, I shall be attending with my legal representatives as a creditor and shareholder; I have many questions to say the least.
I thought it might be easier to post that rather than attempt to respond the numerous messages asking about this meeting.
Again, I would like to restate that I decided to post certain information here.
This was in response to fictitious accusations on the subject of my circumstances and situation with litigation.
Rather than write a letter to Pprune Administrators each time a false statement is made by those who hide their identity, I have chosen to defend myself here.
I will only type what is fact and separate my opinion of certain individuals and Directors, once this litigation is over I shall stop posting unless those certain individuals decide to spread nonsense again.
I look forward to Seeing Paul Munro as the “Accountable Manager” at the creditors meeting on Wednesday; no doubt I am sure with all other directors ready to respond to the questions that both I and the legal representatives have.
These questions will end with several substantial allegations.
Have a pleasant weekend.
Kindest Regards,
John Matthews
With reference to the above query I can answer that in approximately three weeks.
With regards to the Creditors Meeting and possible further analysis of the trading of BlueStream Aviation, I shall be attending with my legal representatives as a creditor and shareholder; I have many questions to say the least.
I thought it might be easier to post that rather than attempt to respond the numerous messages asking about this meeting.
Again, I would like to restate that I decided to post certain information here.
This was in response to fictitious accusations on the subject of my circumstances and situation with litigation.
Rather than write a letter to Pprune Administrators each time a false statement is made by those who hide their identity, I have chosen to defend myself here.
I will only type what is fact and separate my opinion of certain individuals and Directors, once this litigation is over I shall stop posting unless those certain individuals decide to spread nonsense again.
I look forward to Seeing Paul Munro as the “Accountable Manager” at the creditors meeting on Wednesday; no doubt I am sure with all other directors ready to respond to the questions that both I and the legal representatives have.
These questions will end with several substantial allegations.
Have a pleasant weekend.
Kindest Regards,
John Matthews
Join Date: Apr 2009
Location: laleham on thames
Age: 43
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Good Afternoon,
Many people have asked questions on the details of the creditors meeting; I believe there is a report of the day in question, and that has been sent out.
The creditors’ meeting was just a formality. The Administrators now need time to investigate further.
It is instantly recognizable that this is very serious, and going to be a 6 month (or more) investigation into matters I cannot go into detail on at present.
Obviously the main of the questions asked to me after the event, was about the two directors (of BlueStream Aviation) participation with a firm named: LGW Aircraft Management Ltd, and its financial affiliation with BlueStream Aviation Ltd.
But for now I can’t speak about that as it may affect the investigation of the administrators, which would not be fair on the Financial Director / Commercial Director / Managing Director / Director / or any other title I have missed that he uses, and the Accountable Manager.
I can answer some of the questions:
· No... The CAA have never asked me to form another company to operate IKOS and RSXL when these aircraft held legally binding contracts. The CAA can also confirm this.
· No... BlueStream Aviation never entered the official termination of the IKOS contract whilst I was there; the email I sent was not binding to the termination clause of the contract.
· No... Income from G-RSXL NEVER went to Cynicklee or LGW Aircraft Management Ltd. (it could not have gone to LGW as I was never made aware of this company, it intentions, or its purpose).
· Yes... Cynicklee did hold some “certificates” but the profit of the contract, and all related proceeds were always traded through BlueStream Aviation Ltd or M.A.S Airways (the one with the same company number as BlueStream not the other one). This can be proved easily.
· No... I don’t know anything about the company called “TL Aviation Instrad LLP” and the lease agreements to operate the aircraft registered to MP Aviation LLP.
· Yes... I am aware of what those are saying who attend the Horley offices, but they are only a few people (the ones handpicked for employment after administration) and to be straightforward now is the wrong time to address it, I have a court case to focus on.
· No... I have no idea why Cy sent an email to the staff stating I was not a shareholder on the 12th July 2008, I just can’t answer that since it is a lie and I have no idea why he would do such a thing.
· No.... Sorry I have no idea as to the restricted meeting the directors held over lunch, as you can appreciate I was not invited, which was probably a good thing as we are going to court against each other, there might of been a bit of a tense atmosphere. Seriously though, I was not the person who attended lunch with them for a private discussion and before I get asked again, whatever happened after the creditors meeting between the directors and creditor(s) is nothing to do with me (I hope anyway) so it is none of my business.
With regard as to why some directors of BlueStream use up to four different addresses for each company they are associated with, (by way of addresses I mean their own address) I have no idea.
I just can’t answer your questions when it comes to that. This is not because I am protecting sensitive information for the legal case; it is because I simply have no idea about the reasons behind it.
With regards to the dates of shareholders swapping percentages, I can’t go into detail because it has yet to be used in the legal case.
I am regretful if this is not in more detail then you may have wanted, but please understand we are very close to legal appointments.
I am only typing on here to correct any accusations that the directors of BlueStream tried to smear against me, for a purpose I still don’t yet appreciate.
At least this way I can explain the facts. I have tried very hard to separate factual information from my opinion. I believe I have managed to keep my opinion out of this forum, as it does not help the case or those who feel they have been affronted by events and actions taken since my departure.
Have a pleasant weekend.
John Matthews
Many people have asked questions on the details of the creditors meeting; I believe there is a report of the day in question, and that has been sent out.
The creditors’ meeting was just a formality. The Administrators now need time to investigate further.
It is instantly recognizable that this is very serious, and going to be a 6 month (or more) investigation into matters I cannot go into detail on at present.
Obviously the main of the questions asked to me after the event, was about the two directors (of BlueStream Aviation) participation with a firm named: LGW Aircraft Management Ltd, and its financial affiliation with BlueStream Aviation Ltd.
But for now I can’t speak about that as it may affect the investigation of the administrators, which would not be fair on the Financial Director / Commercial Director / Managing Director / Director / or any other title I have missed that he uses, and the Accountable Manager.
I can answer some of the questions:
· No... The CAA have never asked me to form another company to operate IKOS and RSXL when these aircraft held legally binding contracts. The CAA can also confirm this.
· No... BlueStream Aviation never entered the official termination of the IKOS contract whilst I was there; the email I sent was not binding to the termination clause of the contract.
· No... Income from G-RSXL NEVER went to Cynicklee or LGW Aircraft Management Ltd. (it could not have gone to LGW as I was never made aware of this company, it intentions, or its purpose).
· Yes... Cynicklee did hold some “certificates” but the profit of the contract, and all related proceeds were always traded through BlueStream Aviation Ltd or M.A.S Airways (the one with the same company number as BlueStream not the other one). This can be proved easily.
· No... I don’t know anything about the company called “TL Aviation Instrad LLP” and the lease agreements to operate the aircraft registered to MP Aviation LLP.
· Yes... I am aware of what those are saying who attend the Horley offices, but they are only a few people (the ones handpicked for employment after administration) and to be straightforward now is the wrong time to address it, I have a court case to focus on.
· No... I have no idea why Cy sent an email to the staff stating I was not a shareholder on the 12th July 2008, I just can’t answer that since it is a lie and I have no idea why he would do such a thing.
· No.... Sorry I have no idea as to the restricted meeting the directors held over lunch, as you can appreciate I was not invited, which was probably a good thing as we are going to court against each other, there might of been a bit of a tense atmosphere. Seriously though, I was not the person who attended lunch with them for a private discussion and before I get asked again, whatever happened after the creditors meeting between the directors and creditor(s) is nothing to do with me (I hope anyway) so it is none of my business.
With regard as to why some directors of BlueStream use up to four different addresses for each company they are associated with, (by way of addresses I mean their own address) I have no idea.
I just can’t answer your questions when it comes to that. This is not because I am protecting sensitive information for the legal case; it is because I simply have no idea about the reasons behind it.
With regards to the dates of shareholders swapping percentages, I can’t go into detail because it has yet to be used in the legal case.
I am regretful if this is not in more detail then you may have wanted, but please understand we are very close to legal appointments.
I am only typing on here to correct any accusations that the directors of BlueStream tried to smear against me, for a purpose I still don’t yet appreciate.
At least this way I can explain the facts. I have tried very hard to separate factual information from my opinion. I believe I have managed to keep my opinion out of this forum, as it does not help the case or those who feel they have been affronted by events and actions taken since my departure.
Have a pleasant weekend.
John Matthews
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I've popped that post out of view folks.
John seems a little confused just like last time on the 16th of April with his suggestion that my precis of the previous judgement was inaccurate when in fact I had and still have the full judgement against him. I'm sure he considers he was making a spirited defence.
In this recent post amongst all the paragraphs John appears to have forgotten to mention the latest judgement on the 22nd of May, the awarding of costs against him and the status of his leave to appeal. I am of course sure this was simply an oversight and I'm certain you all agree that in a messy company failure like this there are considerably more than two sides to the story.
These have of course been civil proceedings until now - Duck and I have to take especial care while there remains the possibility of aspects of this affair moving over into the realms of criminal law.
Rob
John seems a little confused just like last time on the 16th of April with his suggestion that my precis of the previous judgement was inaccurate when in fact I had and still have the full judgement against him. I'm sure he considers he was making a spirited defence.
In this recent post amongst all the paragraphs John appears to have forgotten to mention the latest judgement on the 22nd of May, the awarding of costs against him and the status of his leave to appeal. I am of course sure this was simply an oversight and I'm certain you all agree that in a messy company failure like this there are considerably more than two sides to the story.
These have of course been civil proceedings until now - Duck and I have to take especial care while there remains the possibility of aspects of this affair moving over into the realms of criminal law.
Rob
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The Hardware
Does anybody know where the challengers all went - there were four I think - G-JMMP GMPJM I presume and two others - are they still parked up outside Jet Aviation or are they flying again?
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[SIZE="4"]There where three CL604 at BS. G-JMMP - 5528 / G-MPCW - 5422 / G-MPJM - 5403. G-JMMP is now at Rizon Jet under new registration, MP is probably still owner. Rizon will get the remaining two, into service as soon the market improve.
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I saw an email last week from a new company called Catreus (sp?) who are peddling the Citation II, Citation XLS G-LDFM and the previously unavailable G-RSXL, all ex FAB/GLO/OXF...
No sign of the Citation V though.
No sign of the Citation V though.
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Hi X933,
I can only comment on my limited knowledge regarding GRSXL. To the best of my knowledge this aircraft is privatly owned and was not chartered. It was managed by Bluestream for the owners use.
I am guessing that the "previously unavailable" part relates to it remaining a privately operated aircraft, which may have recently become available for charter.
I can only comment on my limited knowledge regarding GRSXL. To the best of my knowledge this aircraft is privatly owned and was not chartered. It was managed by Bluestream for the owners use.
I am guessing that the "previously unavailable" part relates to it remaining a privately operated aircraft, which may have recently become available for charter.