----- Original Message ----- So saying a lot without telling us anything really
I see Duncan Castles reckons that a take over is in progress and that due 
diligence is being completed at present - the statement does not really 
indicate this to be the position

This statement appears to contradict whatever accounting practices were used 
out in the Gulf to classify the club as a short term asset - i.e.one being held 
for resale. The whole asset was classified in this way, not just (say) 50% of 
it.
My guess would be that the "flip" is in progress and GFH-C are haggling over 
their dragonslayers fee/profit. 
No -I'm not ITK on this.
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