"The strategy became to then start repaying it back after 6 months
and then everybody would be fine and wait. I don't think the plan
was ever to pay everybody back within 6 months, we were just
trying to buy time to get the fund (Pointon York) going, to get
the first profit in, to get it off."
It is Alistair McLean, one of the former CBS investors, who is bringing the action against Liam Collins to have him declared bankrupt. So if Alistair, or one or more other CBS investors can come forward and explain the following, this would be appreciated:
- When were the 6 month PNs issued?
- Were any monies paid back to ex-CBS investors at the end of this 6 months?
- What was offered at the end of this 6 month period, as I assume the PNs were substantially not paid off as the fund with Pointon York never happened?