Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 I would be very surprised if Wallace is sticking his neck out without some truth in these quotes then from Summers. So he says they are in a more positive position than in February. Then how does that explain last week's statement of not being able to pay their bills if the current share offer is under subscribed. Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 5, 2014 Share Posted September 5, 2014 Lies lies and more lies. Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 5, 2014 Share Posted September 5, 2014 So he says they are in a more positive position than in February. Then how does that explain last week's statement of not being able to pay their bills if the current share offer is under subscribed. More positive position because they found Mike Ashleys pound down the back of a sofa!!! Link to comment Share on other sites More sharing options...
Deevers Posted September 5, 2014 Share Posted September 5, 2014 A hell of a lot of stretching the truth going on here. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 (edited) The AGM date is as odd one as the auditors would almost certainly have to sign the accounts off with a "qualified" position on a going concern, unless the financial situation has improved markedly (which it hasn't). As we are so close to the accounts being issued, an unqualified sign off cannot be forthcoming at this time, otherwise the Rangers Q.C. would have produced it and we wouldn't be discussing Ahmad's claim. Edited September 5, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
Deevers Posted September 5, 2014 Share Posted September 5, 2014 The AGM date is as odd one as the auditors would almost certainly have to sign the accounts off with a "qualified" position on a going concern, unless the financial situation has improved markedly (which it hasn't). As we are so close to the accounts being issued, an unqualified sign off cannot be forthcoming at this time, otherwise the Rangers Q.C. would have produced it and we wouldn't be discussing Ahmad's claim. Exactly so. The question here is whether the judge is going to be switched on enough to see through the cloak of deceit and come to a considered judgement on this. Link to comment Share on other sites More sharing options...
alwaysthereinspirit Posted September 5, 2014 Share Posted September 5, 2014 Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 (edited) BBCBMcLauchlin ?@BBCBMcLauchlin 1m Handwritten letter from Charles Green to Imran Ahmed stated "bonus for 2013 will be no less than ?500,000" Letter also states Imran Ahmed was intitled to 5% of commercial deals. BBCBMcLauchlin ?@BBCBMcLauchlin 14s Lord Stewart asks Rangers QC "Are you suggesting this is a I scratch your back you scratch mine deal?" Reply "Couldn't possibly comment" Edited September 5, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
22HMFC22 Posted September 5, 2014 Share Posted September 5, 2014 Do we think this will be decided today or probably rumble on until next week ? Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 5, 2014 Share Posted September 5, 2014 Do we think this will be decided today or probably rumble on until next week ? Today but if summers can produce any more lies it may rumble on. Link to comment Share on other sites More sharing options...
22HMFC22 Posted September 5, 2014 Share Posted September 5, 2014 Oh im pretty sure he can ! Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 (edited) BBCBMcLauchlin ?@BBCBMcLauchlin 37s Rangers QC Alan Summers says company is NOT verging on insolvency but is not in rude health BBCBMcLauchlin ?@BBCBMcLauchlin 26s Rangers QC says " This is a company with difficulties" but "is in better condition now than previous hearings" Company is "trading out of difficulties" says Rangers QC Aim is to take Rangers back to " The Promised Land" and " Back into European Competition where the big money is" says Rangers QC Edited September 5, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
22HMFC22 Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 37s Rangers QC Alan Summers says company is NOT verging on insolvency but is not in rude health See, just as I said........ I'm sure he can !!!!! Link to comment Share on other sites More sharing options...
Stuart Lyon Posted September 5, 2014 Share Posted September 5, 2014 How can he have the cheek to say that after Wallace's statement re the current share issue! Was Wallace lying to scare the Rangers fans into action? Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted September 5, 2014 Share Posted September 5, 2014 How can he have the cheek to say that after Wallace's statement re the current share issue! Was Wallace lying to scare the Rangers fans into action? Or the Easdale interview for that matter. Link to comment Share on other sites More sharing options...
Skivingatwork Posted September 5, 2014 Share Posted September 5, 2014 (edited) So they're not verging on insolvency despite issuing a statement saying they need c?4m by the end of the month or they can't pay all due creditors. Edited September 5, 2014 by Skivingatwork Link to comment Share on other sites More sharing options...
doctor jambo Posted September 5, 2014 Share Posted September 5, 2014 How can he have the cheek to say that after Wallace's statement re the current share issue! Was Wallace lying to scare the Rangers fans into action? Amazing how they cannot lie to AIM, but happy to stretch things in court to breaking point Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 (edited) BBCBMcLauchlin ?@BBCBMcLauchlin 13s Rangers QC has now completed his evidence -------------------------- ......having reached the promised land???? ------------------ QC for Imran Ahmed Kenneth Mcbrierty now making his statement Edited September 5, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 (edited) Surely Lord Haw Haw is not that stupid to be fooled by the learned QC and he must be fully aware of Wallace's recent statements about this share issue that is not underwritten, needs 75% up take to succeed or the lights will go out. This waffle from the QC is all ballocks. It's wishful thinking on his part. To me the only way you would take the QC,s story is if he could produce written guarantees that all this recovery The Rangers are to see is real and not just fanciful dreams. Ifs, buts and maybes. As someone said earlier somebody is telling big porkies. Would AIM not be interested in these conflicting statements? Edited September 5, 2014 by Dannie Boy Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 QC for Imran Ahmed says opinions of Graham Wallace are "In hope" of a good outcome. #bbcsportscot Link to comment Share on other sites More sharing options...
2NaFish Posted September 5, 2014 Share Posted September 5, 2014 Surely Lord Haw Haw is not that stupid to be fooled by the learned QC and he must be fully aware of Wallace's recent statements about this share issue that is not underwritten, needs 75% up take to succeed or the lights will go out. This waffle from the QC is all ballocks. It's wishful thinking on his part. To me the only way you would take the QC,s story is if he could produce written guarantees that all this recovery The Rangers are to see is real and not just fanciful dreams. Ifs, buts and maybes. As someone said earlier somebody is telling big porkies. Would AIM not be interested in these conflicting statements? Well, Lord Haw Haw was a hun. Seems to me there's little difference from last time so far so, unless Ahmed can say something different this time, he'll be told to bolt. But what do i know. I'm a dolt. Link to comment Share on other sites More sharing options...
doctor jambo Posted September 5, 2014 Share Posted September 5, 2014 If QC for ahmad does not stand in court and produce the press statements from board members warning of pending insolvency and creditor bumping and "partial loan repayment" then he has not done his job frankly At the very least it would show Wallace as a liar Link to comment Share on other sites More sharing options...
Skivingatwork Posted September 5, 2014 Share Posted September 5, 2014 I suppose the difference this time is that TRIFC have made statements to the AIM around their need for immediate funding. IMHO the case will depend on how seriously His Honour values these v the bluff and bluster from the QC. Link to comment Share on other sites More sharing options...
Harry Palmer Posted September 5, 2014 Share Posted September 5, 2014 (edited) BBCBMcLauchlin ?@BBCBMcLauchlin 2m QC for Imran Ahmed urges Lord Stewart to treat what was said in an affidavit by Graham Wallace with caution " A pattern of diminishing working capital is evident"according to QC for Imran Ahmed " There is no concrete evidence that their is a saviour (For Rangers)" according to the QC for Imran Ahmed Edited September 5, 2014 by Arnold Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 @BBCBMcLauchlin Except for Mike Ashley who has it has just been stated on SSN that he is increasing his stake in Rangers through the shares Anybody verify this statement? Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 @BBCBMcLauchlin Except for Mike Ashley who has it has just been stated on SSN that he is increasing his stake in Rangers through the shares Anybody verify this statement? I don't understand that. Is it a question? Statement? What? Link to comment Share on other sites More sharing options...
Harry Palmer Posted September 5, 2014 Share Posted September 5, 2014 (edited) This is from a SKY reporter: Charles Paterson ?@charlesp_sky 48s Sources close to Mike Ashley say there are no immediate plans to invoke the naming rights at Ibrox stadium, It's understood Ashley views his interests in Rangers as purely strong commercial ones which he intends to protect BBCBMcLauchlin ?@BBCBMcLauchlin 39s Court adjourned for a short period Edited September 5, 2014 by Arnold Link to comment Share on other sites More sharing options...
Stuart Lyon Posted September 5, 2014 Share Posted September 5, 2014 No mention of taking-up more shares then? Link to comment Share on other sites More sharing options...
marshallschunkychicken Posted September 5, 2014 Share Posted September 5, 2014 I don't understand that. Is it a question? Statement? What? Seems to be a response to McLauchlin's tweet from a Rangers fan on crack. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 Seems to be a response to McLauchlin's tweet from a Rangers fan on crack. Different species, so they are. Link to comment Share on other sites More sharing options...
Mark_Mywords Posted September 5, 2014 Share Posted September 5, 2014 D'oh! It's just dawned on me that this leak of 'bad' news about naming rights issue, Rangers Retal etc is DESIGNED to stop the normal fan shareholder putting his or her hand in their pocket. Consequently the spiv shareholders will oversubscribe and increase their % shareholding. Then at the next AGM they'll have carte blanche to issue as many hundred million shares as they want. Good point... IIRC, if they own 75%, they can pass anything they want at the AGM. Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 Different species, so they are. Wishful thinking trough psychedelic dreams more likely. Link to comment Share on other sites More sharing options...
Jamboelite Posted September 5, 2014 Share Posted September 5, 2014 This is from a SKY reporter: Charles Paterson ?@charlesp_sky 48s Sources close to Mike Ashley say there are no immediate plans to invoke the naming rights at Ibrox stadium, It's understood Ashley views his interests in Rangers as purely strong commercial ones which he intends to protect BBCBMcLauchlin ?@BBCBMcLauchlin 39s Court adjourned for a short period And the white knight rides off with a pot of gold and a **** you. Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 Court adjourned for a short period #bbcsportscot Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 Wishful thinking trough psychedelic dreams more likely. Think he typed it with his teeth. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 (edited) BBCBMcLauchlin ?@BBCBMcLauchlin 58s "Unbudgeted Liabilty"comment in affidavit by Graham Wallace the subject of an adjournment. QC Alan Summers seeking clarity #bbcsportscot BBCBMcLauchlin ?@BBCBMcLauchlin 58s Rangers FC currently have ?1.2 million in the bank Edited September 5, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
...a bit disco Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 58s "Unbudgeted Liabilty"comment in affidavit by Graham Wallace the subject of an adjournment. QC Alan Summers seeking clarity #bbcsportscot 'Oh, what a tangled web we weave...' Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 Juicy stuff this now Link to comment Share on other sites More sharing options...
jamboinglasgow Posted September 5, 2014 Share Posted September 5, 2014 I can only see this being in Rangers favour based on the previous court cases. Link to comment Share on other sites More sharing options...
marshallschunkychicken Posted September 5, 2014 Share Posted September 5, 2014 ?1.2m in the bank? Oh dear... Link to comment Share on other sites More sharing options...
Crs87 Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 11s Lord Stewart has found in favour of Imran Ahmed and that some of the assets should be ring fenced #bbcsportscot Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 Goodness is that all. Rangers FC currently have ?1.2 million in the bank #bbcsportscot Link to comment Share on other sites More sharing options...
lost in space Posted September 5, 2014 Share Posted September 5, 2014 I can only see this being in Rangers favour based on the previous court cases. NOT SO!!!!!!!! Link to comment Share on other sites More sharing options...
hughesie27 Posted September 5, 2014 Share Posted September 5, 2014 Link to comment Share on other sites More sharing options...
2NaFish Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 11s Lord Stewart has found in favour of Imran Ahmed and that some of the assets should be ring fenced #bbcsportscot Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 1m Lord Stewart has found in favour of Imran Ahmed and that some of the assets should be ring fenced Link to comment Share on other sites More sharing options...
kingdannyb Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ? @ BBCBMcLauchlin 1m Lord Stewart has found in favour of Imran Ahmed and that some of the assets should be ring fenced # bbcsportscot Expand Reply Retweet Favorite More [*] BBCBMcLauchlin ? @ BBCBMcLauchlin 2m Rangers FC currently have ?1.2 million in the bank # bbcsportscot Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 58s "Unbudgeted Liabilty"comment in affidavit by Graham Wallace the subject of an adjournment. QC Alan Summers seeking clarity #bbcsportscot BBCBMcLauchlin ?@BBCBMcLauchlin 58s Rangers FC currently have ?1.2 million in the bank 1.2 million in bank with loans of 1.5million due to be paid. They are insolvent. Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 11s Lord Stewart has found in favour of Imran Ahmed and that some of the assets should be ring fenced #bbcsportscot Shits hit the fan now. Only ?650k in the bank now. Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 11s Lord Stewart has found in favour of Imran Ahmed and that some of the assets should be ring fenced #bbcsportscot :yass: Link to comment Share on other sites More sharing options...
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