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Big Rangers Administration/Liquidation Thread - All chat here!


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Someone put this in Laymans for me. Are they fucked again?

Not them more dave King.
Been found guilty of acting in concert and has to offer 20p for remaining shares. Reading some places this would cost £2m or so for just the prospectus and circa £12m if all offers taken up. (Figs depend on sauce).
Given this hasn't happened then as a director other companies would be warned from working with him. Something like guilt by association.
If he remains at company the bank may refuse to handle their stuff etc.
Basically he either deals with or the other directors get rid of him or it potentially will cause problems.

Lots of ifs. Again this is reading bloggers so might be miles from accurate
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Just now, Moonglum25 said:

Dear Takeover Panel

I'm buying F*** All shares

yours

Glib and Shameless

Dear Glib and Shameless,

Fair does.  We'll just make sure you never  buy anything more expensive than a Lion Bar then - we're withdrawing your banking facilities in the UK.

Yours

The Takeover Panel.

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2 minutes ago, The DA said:

It's been a hard week at work.  What does the first G stand for?  Glib?

Oh come on, it's a bit of a gift. B the way, are we on to Third Rangers yet?

Edited by kiddy
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