One of my sources from the square mile has informed me that there is no possibility of King making the Jan 21 deadline. A prospectus has to be prepared, printed and posted. It therefore appears King is doing what he always does. He is ignoring the problem, evidently anticipating that those who swing the lead will go easy on him.
This is a clear case of contempt and that is a subject Scottish judges take very seriously indeed. Witness the recent £80,000 fine imposed on The Daily Record.