Here in Ireland, there has been panic buying of bread in some towns down the country.
It is sad to see normally sound people losing the run of themselves when faced with the prospect of a few days of bad weather.
Over at Sevco, there is also a panic about the lack of bread.
I’m told that the folk from Close brothers were rather swiftly in touch following on from Mr King’s favourable settlement in court last week.
The people who are credited with providing the Phantom Overdraft wanted to know what the plan was.
Close Brothers were calling because they considered the reversal in court for Mr King to be a material change in the circumstances for Sevco’s business prospects.
For the avoidance of doubt, at time of writing there is no plan emanating from the Blue Room.
The only way forward is based on the trustworthiness of Mr David Cunningham King.
You read that correctly.
Now, once more, with feeling:
The trustworthiness of Mr David Cunningham King…
Quite simply Mr King/ NOAL have to come up with £11m for an escrow account plus the necessary fees.
I’m told that the assurances given by the RIFC chairman changed somewhat during Wednesday 28th.
Firstly there was the unequivocal promise made in the email that was sent to each member of the Sevco High Command on the morning of the Court of Session hearing.
Then, later that day after the case was heard, the South African based convicted criminal assured a senior colleague in a somewhat ambiguous fashion on the telephone.
let’s just say it left some wriggle room when compared to what had been stated in the email.
Given what Judge Southwood had said about Mr King and honesty it set off some alarm signals in the Blue Room.
However, I’m sure it will all be fine and dandy.
This week the Daily Radar gleefully wrote about a Scottish football club being “on the brink”.
Dundee FC has stated that they are in no such danger.
It is ironic that there is a real story of potential insolvency much closer to the offices of the newspaper that told Planet Fitba about billionaire Craig Whyte.
I’m happy to report that bread deliveries have started again down the country.
As for Sevco, it is probably now down to Close Brothers as to whether or not they are toast.
Don’t panic now!