Author Topic: Peter Eaton  (Read 5852 times)

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Offline nugnug

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Re: Peter Eaton
« Reply #60 on: September 01, 2014, 09:32:PM »
Sheila wasn't farming.  Jeremy farmed to get the bulk of Nevill's farm assets.  In exchange for farming he was given a share and would receive more down the line until he took over. If he gave up famring while they were alive then he would not be given more and upon death there would be a choice- if he farmed he would get most of the assets with just a small sum of money going to Sheila but if he gave up farming then they would split the proceeds 50/50.

That is part of why he wanted Sheila dead.  With her alive he would have to keep farming because if he stopped farming she would get half.  With her dead he could quit farming and get it all.

that many shares suggests he had a fair amount of cash avialble to him.

Offline scipio_usmc

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Re: Peter Eaton
« Reply #61 on: September 01, 2014, 09:40:PM »
Who knows, perhaps she had the option of getting shares as well as Jeremy, but preferred cash. Seems to me that the Bambers went out of their way to treat their children equally (and very, very well financially).

They were not treated equally, that is part of his gripe.  She was given the flat for free, she did not have to work for it.  In contrast he had to work for them to receive what they gave him so far as a place to live and car.  He was given shares in the various farm endeavors including the caravan site because he was being primed to take over one day.  Upon Nevill's death the assets of the farm would be shared if they were ever liquidated but would be Jeremy's so long as he farmed it. 

So Jeremy could farm and own it all or walk away and have to share it equally with his sister's line.

They didn't want to have it so that Jeremy has to do all the work and yet she shares in the profits.  If he farmed it then he would get all the profits from such operations and not have to share a dime of it with her.  They were being treated equally though in the sense that if he stopped farming and it were dissolved they divide it. it was left in trust so that Jerey could not stop farming and cheat her.


 
Politeness is organized indifference- Paul Valéry

Offline nugnug

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Re: Peter Eaton
« Reply #62 on: September 01, 2014, 09:43:PM »
seems to me he was being treated much better than she was.

Offline JackiePreece

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Re: Peter Eaton
« Reply #63 on: September 01, 2014, 10:02:PM »
Sheila wasn't farming.  Jeremy farmed to get the bulk of Nevill's farm assets.  In exchange for farming he was given a share and would receive more down the line until he took over. If he gave up famring while they were alive then he would not be given more and upon death there would be a choice- if he farmed he would get most of the assets with just a small sum of money going to Sheila but if he gave up farming then they would split the proceeds 50/50.

That is part of why he wanted Sheila dead.  With her alive he would have to keep farming because if he stopped farming she would get half.  With her dead he could quit farming and get it all.

You complete idiot

Provide the prove of anything you have posted above

Facts and prove, now get posting
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Offline scipio_usmc

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Re: Peter Eaton
« Reply #64 on: September 01, 2014, 10:02:PM »
seems to me he was being treated much better than she was.

They gave him 1/3 of 50 acres and 20% of the company, was that worth more than the London flat they gave Sheila?  I have no idea.

The grass is always greener on the other side.

She got a place to live in London.  She didn't have to work for them to receive it. This meant she could use whatever she made working in the city for her food and utilities and they probably gave her money if she were short in such regard.  Jeremy was jealous of this he wanted to live in the city.

While he stood to get the business that would only be if he ran it and farmed.  If he walked away he only owned 20% and probably could not sell his shares to anyone so it would be of limited value till they died.  If he walked away after their death he would get 60% while Sheila would get 40%

He would only get 100% if he continued doing the work and that 100% would be simply the profits from running the farm.  If he sold the company then he would get 60% of the proceeds and Sheila 40%.


Politeness is organized indifference- Paul Valéry

Offline JackiePreece

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Re: Peter Eaton
« Reply #65 on: September 01, 2014, 10:04:PM »
They were not treated equally, that is part of his gripe.  She was given the flat for free, she did not have to work for it.  In contrast he had to work for them to receive what they gave him so far as a place to live and car.  He was given shares in the various farm endeavors including the caravan site because he was being primed to take over one day.  Upon Nevill's death the assets of the farm would be shared if they were ever liquidated but would be Jeremy's so long as he farmed it. 

So Jeremy could farm and own it all or walk away and have to share it equally with his sister's line.

They didn't want to have it so that Jeremy has to do all the work and yet she shares in the profits.  If he farmed it then he would get all the profits from such operations and not have to share a dime of it with her.  They were being treated equally though in the sense that if he stopped farming and it were dissolved they divide it. it was left in trust so that Jerey could not stop farming and cheat her.


 
[/quote

Post proof of the rubbish you have posted above

I expect your another poster who is 100% Jeremy is guilty

"No hour of life is wasted that is spent in the saddle" Winston Churchill

Offline scipio_usmc

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Re: Peter Eaton
« Reply #66 on: September 01, 2014, 10:06:PM »
You complete idiot

Provide the prove of anything you have posted above

Facts and prove, now get posting

You are the idiot since these are Jeremy's own claims. It is his claim that in exchange for farming he was given 20% of the company, 1/3 of 50 acres and was being groomed to take over one day.  Nevill's will details that upon his death Sheila gets 10,000 pounds and everything else goes in trust to Jeremy so long as he farms but if he stops farming then it is divided 50/50. 

You are so ignorant of all the facts of this case that it is astounding. 
Politeness is organized indifference- Paul Valéry

Offline nugnug

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Re: Peter Eaton
« Reply #67 on: September 01, 2014, 10:06:PM »
so he was prety well made then.

and 72 thousands worth of shares well he could possbley them and took of anyway it would of been more than enough to live on in  those days.

Offline scipio_usmc

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Re: Peter Eaton
« Reply #68 on: September 01, 2014, 10:12:PM »
so he was prety well made then.

and 72 thousands worth of shares well he could possbley them and took of anyway it would of been more than enough to live on in  those days.

Are you talking about while they were alive or after they were dead? Finding someone to buy him out would have been dififcult.  Apart from sale restrictions probably being in place, no one wants to buy a minority interest and be at the mercy of others.  So if he quit farming while they were alive he would have had problems selling the hsares to live off of, he would have needed another job.

After their death I think he would have blown the whole thing even if he got everything and had gotten away with it.  You have to live modestly if you want to live off interest.  He wanted to live the playboy liftestyle though.
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Offline nugnug

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Re: Peter Eaton
« Reply #69 on: September 01, 2014, 10:14:PM »
if the divedends are profitably enough you can find buyers for a minority interest.
« Last Edit: September 01, 2014, 11:16:PM by nugnug »

Offline JackiePreece

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Re: Peter Eaton
« Reply #70 on: September 01, 2014, 10:18:PM »
June and Neville adored both children and before June began sick there was obviously a lot of love at home

Reminder of Junes letter



"My darlings...Should anything happen to me and I have to leave you, I write to tell you of my love for you and to thank you for all you have given me.  All I ask is that God will love and protect you through the years ahead, and that some day, God willing, we may meet again.  My love always, my darlings.  Mums".


Nobody was going to leave anyone out of their will
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Offline scipio_usmc

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Re: Peter Eaton
« Reply #71 on: September 01, 2014, 10:22:PM »
if the divedends are profitably enough you can buyers for a minority interest.

Stocks don't always pay dividends. The profits can be rolled over into the company simply.
Politeness is organized indifference- Paul Valéry

Offline nugnug

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Re: Peter Eaton
« Reply #72 on: September 01, 2014, 11:22:PM »
considering sheila was ill and dont she had much head for business anyway couldn't Jeremy have cheated her out of her share if he was as devious as is claimed.

Offline scipio_usmc

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Re: Peter Eaton
« Reply #73 on: September 01, 2014, 11:55:PM »
considering sheila was ill and dont she had much head for business anyway couldn't Jeremy have cheated her out of her share if he was as devious as is claimed.

First of all the inheritance of the residuary estate was to be left in trust so that Jeremy could not simply say I will farm and then sell everything a month later and keep it all.  The trustees would disburse the funds to Sheila and himself if he ever decided to liquidate.

Second Jeremy was not even the Executor so had no way to get around things by crook unless he bribed others handling the matter.

At any rate, you seem to mistake her condition for stupidity.  She was not stupid and when it comes to inheritances people pay attention to who gets what and how.   
Politeness is organized indifference- Paul Valéry

Offline nugnug

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Re: Peter Eaton
« Reply #74 on: September 02, 2014, 12:18:AM »
the fact dident nevile never gave her any responsibility in the company says to me she had no head for bushiness.