There is a chilling wind on its way from 10 Paternoster Square in London. As it picks up speed over Hadrian’s Wall one anticipates any remaining hubris at Ibrox being decimated by wind shear. One could almost excuse our three ursine friends if they went into hibernation to avoid the King fallout.
The Cold Shoulder is a force to be reckoned with. The tsunami of financial problems heading King’s way will make his day-to-day pariah status seem like a summer breeze. One eagerly awaits The Makeweight Messiah being subject to a corporate crucifixion. Stocks and old fruit would be too lenient for King.
The TPE are trying to pin King down and bring his reign of corporate carnage to an abrupt end. King’s victims include Umgeni Water, Specialist Outsourcing and four of the six major clearing banks in South Africa. His latest bent enterprise, MICROmega, is a concert party of lies and falsified returns. King has stepped down from his board, as he has periodically done in the past when facing a slew of criminal charges, to offset the brunt of the TPE onslaught.
King’s crimes are not victimless. His merciless solicitation of funds from an orphanage, with King in the guise of an independent financial adviser with an accountancy qualification, was a heartless confidence trick. They were burned by King and now spend their days scavenging landfill sites. But then they are black kids; King does not give a flying fuck for native South Africans.
Our career criminal has an ace up his sleeve. His shell game corporate vehicle, NOAL, has loaned £3.7m to RIFC. This quantum is repayable on demand. Does it come as a surprise to anyone that King, whose counsel described as penniless, can provide a loan of this quantum? One can but hope that the TPE continues to follow our site.
Keeping King at arm’s length to avoid Cold Shoulder collateral damage has suddenly become a rich man’s game.
As the SS Administration steers a course to Govan docks again, is it heartening to note that King has a strategic creditor lifeboat? A dilemma now looms into sight for our ursine friends:
Does one stick with King and keep the £3.7m on the back burner and twist to face the full force of financial ignominy and pariahdom?
Would King be prepared to leverage his strategic creditor status to scuttle the ship? If he is isolated by his board and if they refuse to pick up his legal fees, he can take them all down with him.
This is all coming to a head. I hear whispers that the accounts have been prepared but are being withheld to add a gloss to them. Grim reading would be grist to the mill for scavengers such as Sir Bribe & Lie.
Would King be prepared to front an AGM with a Cold Shoulder in full swing? I doubt that even he would be that stupid. The SMSM are bending over backwards to bury the latest ‘obstacle’ in the path of the career criminal. However the hapless hacks could not cover up the conspicuous absence of the Makeweight Messiah.