Warm and slightly showery day tackling the activities of the Kode advisors and the greed of my colleagues as they run amok on budgeting, share transfers and consultancy contracts on the 40th anniversary of ‘D-Day’
Up and to the office early and on time, at 8.15am, to be let in by Lesley. I settled into the ground floor office and, between completing my expenses for the last two months, conduct a number of phone calls to Ashursts, Kode and conversations with Peter King, John Lamb and Derek Weatherby. It seems that conversations carried on until the early hours and two/three o’clock in the morning and eventual agreement was reached to transfer Peter and Geoff’s shares into Comart shares and then transfer half of all Comart Limited shares into Kode shares at the rate of 3 for 1 and then complete the rest over two years, dependent upon Comart group performance.
In Peter’s case a remarkable deal gives him 17,500 Comart shares worth £157,000 which is far higher than could have been anticipated and I wonder whether the number is of Kode shares and there has been a misunderstanding. I express my concerns and ask for a meeting tomorrow with Peter Smith to organise the professional advisors who are running amok; arrange the terms of my consultancy; and approve the basis of minority share transfers. The latter part of the day catching up on administration and musing on the unfortunate turn of events which leaves me apprehensive of the future managements decisions and the others indecently scrabbling for everything they can get. The news today full of the 40th anniversary of “D” Day and the heads of state of Britain, America, France and Canada visit the beaches and all sorts of ceremonial mark the event. The weather warm today with a few showers later on.