Hagar the Horrible Posted April 2, 2015 Share Posted April 2, 2015 True to form by King. The penny has dropped for the more savvy Sevco fans.not really they are putting a spin on the old regime getting the blame https://www.therst.co.uk/news/rst-statement-on-aim-delisting/ Ask this Rangers fans, if the old regime were responsible for the delisting then why did an independent NOMAD which works for the company not the board, not resign earlier, instead they said they would resign IF King won the egm vote, as soon as it was apparent he was going to win, WH Ireland resigned and reported the company to AIMS? King IS the problem here wake up and smell the coffee, he will own the club for peanuts and with your money? Link to comment Share on other sites More sharing options...
Rods Posted April 2, 2015 Share Posted April 2, 2015 Looks like the peeeepel have backed the wrong horse. Again Link to comment Share on other sites More sharing options...
Jambof3tornado Posted April 2, 2015 Share Posted April 2, 2015 Sky already making it positive by showing footage of king at agm saying he didnt want to be on AIM anyway! Link to comment Share on other sites More sharing options...
Deevers Posted April 2, 2015 Share Posted April 2, 2015 not really they are putting a spin on the old regime getting the blamehttps://www.therst.co.uk/news/rst-statement-on-aim-delisting/Ask this Rangers fans, if the old regime were responsible for the delisting then why did an independent NOMAD which works for the company not the board, not resign earlier, instead they said they would resign IF King won the egm vote, as soon as it was apparent he was going to win, WH Ireland resigned and reported the company to AIMS? King IS the problem here wake up and smell the coffee, he will own the club for peanuts and with your money? A fair number of them have always seen King for what he is. The lie about the NOMAD has just confirmed his credentials for them. More lies to be exposed, yet the more blinkered Sevco people still see him as their white knight. Mugs! Link to comment Share on other sites More sharing options...
Spellczech Posted April 2, 2015 Share Posted April 2, 2015 "looking to list elsewhere" = prevarication, again... How long can they keep blaming previous regimes for? Why are the quotes from the club today from unattributed sources? Surely today of all days king, murray or Gilligan should be showing face? Link to comment Share on other sites More sharing options...
LeftBack Posted April 2, 2015 Share Posted April 2, 2015 Massive overreaction; everything will be fine. In fact it will be better than fine. RIFC suggests that delisting "may improve the company's financial performance, delivering additional value to shareholders", Link to comment Share on other sites More sharing options...
Rods Posted April 2, 2015 Share Posted April 2, 2015 The RST wow yeh the new board is whiter than white(no pun intended) Two of the current "new board" worked with the regime that brought around the last liquadation or is that just airbrushed from History like the old Rangers dieing. The Daily Record and The SFA can hide it all they like and the Rangers fans can blame whoever but here in the real world people deal in cold hard facts. Link to comment Share on other sites More sharing options...
The Mighty Thor Posted April 2, 2015 Share Posted April 2, 2015 not really they are putting a spin on the old regime getting the blame https://www.therst.co.uk/news/rst-statement-on-aim-delisting/ Ask this Rangers fans, if the old regime were responsible for the delisting then why did an independent NOMAD which works for the company not the board, not resign earlier, instead they said they would resign IF King won the egm vote, as soon as it was apparent he was going to win, WH Ireland resigned and reported the company to AIMS? King IS the problem here wake up and smell the coffee, he will own the club for peanuts and with your money? That whole article is a masterclass in whataboutery. so how does that leave Scottish Football's biggest fan ownership scheme? Link to comment Share on other sites More sharing options...
The Mighty Thor Posted April 2, 2015 Share Posted April 2, 2015 (edited) Looks Sevco are planning to move onto the ISDX market which the junior market below AIM. Like their performance on-field they just can't quite make it to the top leagues. Edited April 2, 2015 by The Mighty Thor Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted April 2, 2015 Share Posted April 2, 2015 Just read the criteria for registering on the ISDX market....Bwhaahahaaaaaaaaaaa Assessing working capital requirements The required level of working capital should be considered taking into account various alternate risk scenarios to adequately reflect risk factors that may affect a company?s ability to generate positive cash flows. These include, but are not limited to: ? delays in cash inflows; Poor season ticket sales ? lower than forecast growth rates; Hmmmm and higher than expected bad debts. They owe Mike ?5m and T3b's ?1.5m They also need to prove they have 12 months of working capital and banking facilities, Bejeezus they fail every aspect of this criteria Working capital assumptions must also take into account the costs of admission to the ISDX Growth Market. The twelve month working capital requirement should be assessed after all costs associated with admission have been accounted for. Acceptable forms of working capital may include bank and other lending facilities, but only to the extent that the committed facilities are available for the working capital period under review. http://www.isdx.com/files/pdf/ISDX-Growth-Market-Practice-note-on-working-capital-for-issuers-seeking-admission-2012-10.pdf Link to comment Share on other sites More sharing options...
LeftBack Posted April 2, 2015 Share Posted April 2, 2015 (edited) www.satsumaloans.co.uk Edited April 2, 2015 by Harry's Roar Link to comment Share on other sites More sharing options...
Spellczech Posted April 2, 2015 Share Posted April 2, 2015 (edited) Looks Sevco are planning to move onto the ISDX market which the junior market below AIM.sounds like relegation to me...why are they not entitled to special dispensation to enter the FTSE100? In other news, England fans singing anti-IRA songs in Turin. Have we found Sevco's missing 10,000 ST holders? Edited April 2, 2015 by Spellczech Link to comment Share on other sites More sharing options...
Stuart Lyon Posted April 2, 2015 Share Posted April 2, 2015 From the BBC "BBC Scotland has learned a number significant shareholders in Rangers are considering legal action following news of the club's delisting from the stock exchange. "The club announced it was delisting after failing to find a new nominated advisor. The move has led to anger amongst some large investors who are now unable to trade their stake on the AIM market. It's also understood at least one complaint has been made to the Financial Conduct Authority regarding to events leading up to the delisting." Link to comment Share on other sites More sharing options...
LeftBack Posted April 2, 2015 Share Posted April 2, 2015 From the BBC "BBC Scotland has learned a number significant shareholders in Rangers are considering legal action following news of the club's delisting from the stock exchange. "The club announced it was delisting after failing to find a new nominated advisor. The move has led to anger amongst some large investors who are now unable to trade their stake on the AIM market. It's also understood at least one complaint has been made to the Financial Conduct Authority regarding to events leading up to the delisting." But RIFC suggests that delisting "may improve the company's financial performance, delivering additional value to shareholders", So all's well that ends well..... Link to comment Share on other sites More sharing options...
The Comedian Posted April 2, 2015 Share Posted April 2, 2015 From the BBC "BBC Scotland has learned a number significant shareholders in Rangers are considering legal action following news of the club's delisting from the stock exchange. "The club announced it was delisting after failing to find a new nominated advisor. The move has led to anger amongst some large investors who are now unable to trade their stake on the AIM market. It's also understood at least one complaint has been made to the Financial Conduct Authority regarding to events leading up to the delisting." Link to comment Share on other sites More sharing options...
Tasavallan Posted April 2, 2015 Share Posted April 2, 2015 (edited) www.satsumaloans.co.uk They are annoyingly orange Edited April 2, 2015 by Tasavallan Link to comment Share on other sites More sharing options...
Jambof3tornado Posted April 2, 2015 Share Posted April 2, 2015 From the BBC "BBC Scotland has learned a number significant shareholders in Rangers are considering legal action following news of the club's delisting from the stock exchange. "The club announced it was delisting after failing to find a new nominated advisor. The move has led to anger amongst some large investors who are now unable to trade their stake on the AIM market. It's also understood at least one complaint has been made to the Financial Conduct Authority regarding to events leading up to the delisting." But legal action against who? The current rangers board??? Link to comment Share on other sites More sharing options...
Barney Rubble Posted April 2, 2015 Share Posted April 2, 2015 So to cap , everything is just ginger peachy for the govan wanderers and theyre bang on track for champions league glory into the next decade the headlines will scream from the daily bizarre tomorrow Link to comment Share on other sites More sharing options...
LeftBack Posted April 2, 2015 Share Posted April 2, 2015 So to cap , everything is just ginger peachy for the govan wanderers and theyre bang on track for champions league glory into the next decade the headlines will scream from the daily bizarre tomorrow And a win on Sunday means they become the best team in the league, promoted automatically. Link to comment Share on other sites More sharing options...
Unknown user Posted April 2, 2015 Share Posted April 2, 2015 What's the bets that one of the shareholders who has complained is a Mr M Ashley? Link to comment Share on other sites More sharing options...
jambali Posted April 2, 2015 Share Posted April 2, 2015 ... surely a charge for "bringing the game into disrepute"? Oh, no, I forgot - it's The Rangers/Newco/Sevco.... Link to comment Share on other sites More sharing options...
Diadora Van Basten Posted April 2, 2015 Share Posted April 2, 2015 I would imagine that King and the three bears will want to acquire shares of the other shareholders so that they can hold over 50%. As these share are no longer trading on AIM then they will be able to make a much cheaper offer than would otherwise be the case. Perhaps King is not as daft as he seems. Link to comment Share on other sites More sharing options...
jambovambo Posted April 2, 2015 Share Posted April 2, 2015 (edited) This reminds me of the "prepare three envelopes" story: The story of three envelopes is a business classic for dysfunctional organizations. It starts with an incoming manager replacing a recently fired outgoing manager. On his way out, the outgoing manager hands the new manager three envelopes and remarks, "when things get tough, open these one at a time." About three months goes by and things start to get rough. The manager opens his drawer where he keeps the three envelopes and opens #1. It reads: "Blame your predecessor." So he does and it works like a charm. Another three months passes and things are growing difficult again so the manger figures to try #2. It reads, "reorganize." Again, his predecessor's advice works like magic. Finally, about nine months into the new job, things are getting really sticky. The manager figures it worked before, why not try again. So he opens the envelope drawer one last time and opens #3. It reads..."prepare three envelopes." http://wikibon.org/wiki/v/Prepare_three_envelopes Edited April 2, 2015 by jambovambo Link to comment Share on other sites More sharing options...
hmfcalum Posted April 2, 2015 Share Posted April 2, 2015 @BBCDouglasF: #Rangers kicked off AIM junior market of London Stock Exchange. Its reputation's too toxic: more complaints in a year than any other firm Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Shanks Posted April 2, 2015 Share Posted April 2, 2015 Well this is a pleasing turn of events. Link to comment Share on other sites More sharing options...
Rods Posted April 2, 2015 Share Posted April 2, 2015 I would imagine that King and the three bears will want to acquire shares of the other shareholders so that they can hold over 50%. As these share are no longer trading on AIM then they will be able to make a much cheaper offer than would otherwise be the case. Perhaps King is not as daft as he seems. Get the feeling King and the three bears will be fighting over the soap in Barlinnie long before this happens. Link to comment Share on other sites More sharing options...
LeftBack Posted April 2, 2015 Share Posted April 2, 2015 I would imagine that King and the three bears will want to acquire shares of the other shareholders so that they can hold over 50%. As these share are no longer trading on AIM then they will be able to make a much cheaper offer than would otherwise be the case. Perhaps King is not as daft as he seems. No-one saying he is daft - far from it. But no-one saying he is honest, transparent and ethical either. Link to comment Share on other sites More sharing options...
Pans Jambo Posted April 2, 2015 Share Posted April 2, 2015 I feel really sorry for them... Bwahahahaha. Haha. Hahaha. Haha. Ha!!! Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted April 2, 2015 Share Posted April 2, 2015 Well new song for sunday....Too Toxic? Anyhoo, this reeks of history repeating itself, Green stated that he would do a deal with Hector to get a CVA when that's never been done by anybody ever before, they just don't do deals over unpaid NIC/PAYE. Here we have King one of the good guys in the media and with the fans, I have a NOMAD lined up and will be in in a few days after the take over, he has done due diligence on me I am a fit and proper person. The fans buy it each and every time, and the SMSM just do not ask questions, they will report word for word the statement from the listing? nobody will ask who the supposed NOMAD was and did King really pass the test? Nobody has asked WH Ireland why they resigned, and why Deloittes quit on the QT? They would have limped on with the unscrupulous but kosher old regime, but the Rangers men are too toxic? Oh and it might need a posting on its own but the CREST facility is also under threat Link to comment Share on other sites More sharing options...
Strachsuit Posted April 2, 2015 Share Posted April 2, 2015 So that's the first major lie from The Lying King. Great to see that the "total transparency" policy is in full swing! Link to comment Share on other sites More sharing options...
Strachsuit Posted April 2, 2015 Share Posted April 2, 2015 @BBCDouglasF: #Rangers kicked off AIM junior market of London Stock Exchange. Its reputation's too toxic: more complaints in a year than any other firm Sent from my iPhone using Tapatalk Tremendous! Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted April 2, 2015 Share Posted April 2, 2015 @BBCDouglasF: #Rangers kicked off AIM junior market of London Stock Exchange. Its reputation's too toxic: more complaints in a year than any other firm Sent from my iPhone using Tapatalk Bizarrely these complaints have probably been from the current board complaining about the old board? Still bwwwwhahahahahahaaaaaaaaaaaaaaaa! Link to comment Share on other sites More sharing options...
Australis Posted April 2, 2015 Share Posted April 2, 2015 Does this make all the shares the dead zombie sevco fans were buying recently, in the fans buy out worthless? Link to comment Share on other sites More sharing options...
Spellczech Posted April 2, 2015 Share Posted April 2, 2015 Well new song for sunday....Too Toxic?Anyhoo, this reeks of history repeating itself, Green stated that he would do a deal with Hector to get a CVA when that's never been done by anybody ever before, they just don't do deals over unpaid NIC/PAYE.Here we have King one of the good guys in the media and with the fans, I have a NOMAD lined up and will be in in a few days after the take over, he has done due diligence on me I am a fit and proper person. The fans buy it each and every time, and the SMSM just do not ask questions, they will report word for word the statement from the listing? nobody will ask who the supposed NOMAD was and did King really pass the test? Nobody has asked WH Ireland why they resigned, and why Deloittes quit on the QT?They would have limped on with the unscrupulous but kosher old regime, but the Rangers men are too toxic?Oh and it might need a posting on its own but the CREST facility is also under threat the spin now is that they had a Nomad(no5 in 2yrs) but Aim didn't want Rangers...and that King didn't want to be listed, which is probably true, but more likely in the interests of King than fellow shareholders. Some institutional investors will certainly need to sell now. Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted April 2, 2015 Share Posted April 2, 2015 Derek lambias told the media to ask king where his nomad and where his money was. They didn't ask but the first question is now answered. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted April 2, 2015 Share Posted April 2, 2015 Derek lambias told the media to ask king where his nomad and where his money was. They didn't ask but the first question is now answered.King will now invest ?30m because he promised, it was after all not his fault but the old regime he could not get a NOMAD, he cant blame the old regime for him not investing his kids inheritance? Link to comment Share on other sites More sharing options...
Barney Rubble Posted April 2, 2015 Share Posted April 2, 2015 Another question needing asked is , in the words of the head gardener " who is this unamed nomad from an alternate reality?" Hope the SFA are taking notes as it seems mackerel eyes mk11 has been declared fit and proper Link to comment Share on other sites More sharing options...
Shanks Posted April 2, 2015 Share Posted April 2, 2015 Question 1- who's the nomad? Answer - nowhere Question 2 - where's the money? Answer - nowhere Link to comment Share on other sites More sharing options...
Jammy T Posted April 2, 2015 Share Posted April 2, 2015 If Sevco are not bringing Scottish football into disrepute with each passing week I dont know what or who would? Link to comment Share on other sites More sharing options...
jambali Posted April 2, 2015 Share Posted April 2, 2015 Question 1- who's the nomad? Answer - nowhere Question 2 - where's the money? Answer - nowhere Question 3 Where's ra deeds? Answer ? Link to comment Share on other sites More sharing options...
Jammy T Posted April 2, 2015 Share Posted April 2, 2015 So on reflection i am struggling to see what Llambias et al (ie Mike Ashley) did wrong, apart from not being born in Govan....? Link to comment Share on other sites More sharing options...
jamboinglasgow Posted April 2, 2015 Share Posted April 2, 2015 (edited) Surprised this comment in a Herald article from the Alloa chairman, Mike Mulraney, has not been picked up more http://www.heraldscotland.com/sport/football/switch-to-summer-football-being-seriously-looked-at.122305112 "There won't be change this summer. If Rangers don't get promoted, they don't get promoted. I remember Charles Green once talking to me about paying Alloa not to get promoted so Rangers could - what a load of rubbish. If you want to get promoted, win your games. It will always be like that." Edited April 2, 2015 by jamboinglasgow Link to comment Share on other sites More sharing options...
CollyWolly Posted April 2, 2015 Share Posted April 2, 2015 If Sevco are not bringing Scottish football into disrepute with each passing week I dont know what or who would? Its Doncaster and Regan who are bringing Scottish Football into disrepute by sitting on their hands and tolerating this disgrace. No other club ( well apart from one) would bet away with this nonsense. There is lies and possible fraud being perpetrated before their very eyes and its having a blind eye turned to it at the ultimate expense of other properly run clubs like, dare I say it, Hibernian, and also QOS, Raith and Falkirk potentially. Why haven't those clubs made a comlaint and sought support and action Link to comment Share on other sites More sharing options...
jambovambo Posted April 2, 2015 Share Posted April 2, 2015 RPR @Jimmusic801 ? 2h 2 hours ago @Pmacgiollabhain A quick technical question from today's Rangers news. Is it possible to be delisted off the radar? Link to comment Share on other sites More sharing options...
john brownlee Posted April 2, 2015 Share Posted April 2, 2015 Its Doncaster and Regan who are bringing Scottish Football into disrepute by sitting on their hands and tolerating this disgrace. No other club ( well apart from one) would bet away with this nonsense. There is lies and possible fraud being perpetrated before their very eyes and its having a blind eye turned to it at the ultimate expense of other properly run clubs like, dare I say it, Hibernian, and also QOS, Raith and Falkirk potentially. Why haven't those clubs made a comlaint and sought support and action the scottish way Sent from my iPad using Tapatalk Link to comment Share on other sites More sharing options...
269miles Posted April 2, 2015 Share Posted April 2, 2015 Does this make all the shares the dead zombie sevco fans were buying recently, in the fans buy out worthless? quite probably as they might be difficult to sell. But RF aren't buying shares to make a profit . They are doing this to get influence and to have a fans' voice. Link to comment Share on other sites More sharing options...
269miles Posted April 2, 2015 Share Posted April 2, 2015 I would imagine that King and the three bears will want to acquire shares of the other shareholders so that they can hold over 50%. As these share are no longer trading on AIM then they will be able to make a much cheaper offer than would otherwise be the case. Perhaps King is not as daft as he seems. Why does King want to buy more shares in Deidco ? It's a car crash waiting to happen. It might be his long term aim after they've been in admin and shed some costs. It's hard to see why King et al would want to buy shares currently as IMO the share price is going south after today's announcement (although what the share value would be is anyone's guess). Link to comment Share on other sites More sharing options...
269miles Posted April 2, 2015 Share Posted April 2, 2015 But RIFC suggests that delisting "may improve the company's financial performance, delivering additional value to shareholders", So all's well that ends well..... According to one informed poster on TSFM a couple of days ago, companies delisting almost always leads to liquidation. Fingers crossed then. Link to comment Share on other sites More sharing options...
hmfcalum Posted April 2, 2015 Share Posted April 2, 2015 @STVGrant: Statement from Jack Irvine, spokesman for the Easdales. Says they are considering legal action against Rangers. http://t.co/NyVqGHKePc Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
DETTY29 Posted April 2, 2015 Share Posted April 2, 2015 And Richard Wilson's positive spin? Arsenals shares are traded on ISDX. Link to comment Share on other sites More sharing options...
Recommended Posts