GirondistNYC Posted June 27, 2012 Share Posted June 27, 2012 1340811177[/url]' post='6379247']Mike Farrell @mikefstv According to title deeds, the floating charge held by Craig Whyte over Murray Park is still valid http://bit.ly/NNblxX May not mean much if true. Rough summary based on my readings the last couple of months: 1) the charge secures funds advanced to retire the Lloyd's debt 2) Whyte didn't advance consideration to retire the Lloyd's debt, instead using Ticketus funds 3) Ticketus didn't take security through the charge, instead going with a securitization of tickets model, which in theory gave them an even better position as creditor 4) according to the COS, the Ticketus trust structure was not valid and they couldn't put,chase the tickets, leaving them as ordinary creditors under Scottish law, who were thrown into the pot alongside everyone else at liquidation 5) The charge thus attaches and remains, but in a value of zero, the amount Whyte advanced. Ticketus can't step into his shoes because they went the securitization route and engaged lawyers who didn't know the difference between Scottish and English law. I'm surprised somebody hasn't moved to clear the charge formally but Ticketus has been way too quiet or me to think its likely they'll try and enforce the charge directly or via Whyte's guaranty. The time for them to scream bloody murder was at the CVA stage, where they were treated by everyone as an ordinary unsecured creditor. Happy if one of the UK practioners on here can demonstrate the above is off base as the emergence of Whyte or Ticketus right now would really put a couple of nails in the coffin. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted June 27, 2012 Share Posted June 27, 2012 (edited) Grant Russell @STVGrant "Green also listed as the sole director of another business entity called RFC 2012 Limited incorporated last Thursday." http://bit.ly/Qk12RK A newco within a newco... within a newco? Like a Russian doll? We get to pick them off one by one? Goodie! Edited June 27, 2012 by welshbairn 0 Quote Link to comment Share on other sites More sharing options...
Sam Leitch Loyal Posted June 27, 2012 Share Posted June 27, 2012 Gentle reader. Like Bomber Brown (who's last tackle in the SPL should make contact two weeks on Saturday) I wish to apologise, not for spouting shit but for the lack of it. I dropped by the rub-a-dub this morning and a great deal of Broughton Merlin's was consumed in a shortish period of time. I think I've caught up with the day's proceedings - as much as one can - and will try to resume normal service* as soon as possible. *Service = Elena Baltacha = you fucking bet I would. Again. 0 Quote Link to comment Share on other sites More sharing options...
RH33 Posted June 27, 2012 Share Posted June 27, 2012 I'm playing a game of online poker and one guy is called simples53 with a RFC avatar. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted June 27, 2012 Share Posted June 27, 2012 OMG! P&B sleeper agent gets caught out in only his second post 4 years after joining! Is that not Numpty or what? Heroic patience in my opinion, and a worthy exit.. 0 Quote Link to comment Share on other sites More sharing options...
Broccoli Dog Posted June 27, 2012 Share Posted June 27, 2012 I'm playing a game of online poker and one guy is called simples53 with a RFC avatar. go all in 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted June 27, 2012 Share Posted June 27, 2012 Just spent the last 3 mins laughing uncontrollably at this lol. Once their boloved club (in whatever form) has ceased to be their brains will shrivel up and die through having no conspiracy theories to keep them active. Surely there can't be so many total morons supporting one club? Half of these tossers have to be WIMs. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted June 27, 2012 Share Posted June 27, 2012 I'm playing a game of online poker and one guy is called simples53 with a RFC avatar. C'mon simples53 0 Quote Link to comment Share on other sites More sharing options...
Sam Leitch Loyal Posted June 27, 2012 Share Posted June 27, 2012 Meanwhile, the Currants hunt for a league to play in continues: (The first person to tell me who the pianist is wins a pint or ten next season, Firhill or your own local.) 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted June 27, 2012 Share Posted June 27, 2012 I'm playing a game of online poker and one guy is called simples53 with a RFC avatar. Once you clean him out, he'll be back as thesimples53 0 Quote Link to comment Share on other sites More sharing options...
Forest_Fifer Posted June 27, 2012 Share Posted June 27, 2012 (edited) It's like watching a con man playing the scam with the ball and the 3 cups "OK ladies and gentlemen - all you have to do is find the football club. Is it under the cup marked Rangers PLC? Is it under the one marked SEVCO 5088? Is it under the one marked Sevco Scotland? Just let me move them all around a bit........OK, there you go, who wants to go first? You there sir - yes you - what's your name? Craig?... that's a fine name......................take your time............." "Oh dear, you guessed wrong. Actually it was under this 4th cup called RFC 2012 which I had under the table all along. Never mind. Who's next then?.........Anyone?......Why are you all leaving?......." Edited June 27, 2012 by Forest_Fifer 0 Quote Link to comment Share on other sites More sharing options...
Dirty_Arab Posted June 27, 2012 Share Posted June 27, 2012 Why did Naismith and Whittaker feel the need to have a press conference... with black ties and the look of attending a funeral..... to tell the "World" that they were walking away.... Yet the rest have just f$£ked off without a word? 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted June 27, 2012 Share Posted June 27, 2012 What Sevco5088 need right now, is a respected political statesman to step forward and make a plea on their behalf. A plea for common humanity, natural justice, and sending the darkies back where they came from EDIT - whoops I'm waaaay too slow today. This thread is faster than sone aluko running away from Sevco5088 This muppet is only pandering to the orc bigot mentality for votes in the next election and I can expect the newco fans to start wearing XXXL national front T-shirts if Griffin keeps his campaign up.Worse still RFC & NF on the same T-shirt things on the orc bigot front may take a turn for the worst if that Griffin decides to visit Glasgow and make a speech at Ibrox . 0 Quote Link to comment Share on other sites More sharing options...
Loki Posted June 27, 2012 Share Posted June 27, 2012 I'm playing a game of online poker and one guy is called simples53 with a RFC avatar. You could at least abuse him rowan6 instead of speaking nicely to him. 0 Quote Link to comment Share on other sites More sharing options...
Bloomogganners Posted June 27, 2012 Share Posted June 27, 2012 Meanwhile, the Currants hunt for a league to play in continues: (The first person to tell me who the pianist is wins a pint or ten next season, Firhill or your own local.) Rick Wakeman?- 0 Quote Link to comment Share on other sites More sharing options...
Shawfield Stallion Posted June 27, 2012 Share Posted June 27, 2012 (edited) John Brown is talking pish on Talksport right now. He sounds pished. Wouldn't surprise me, the oaf was done for drink driving not too long ago. Shouts about John Brown spearheading a new bid for the group has had me in stitches - this just keeps getting better and better! I know it's been posted before, but I highly recommend listening to the useless bumbling c**t's foul-mouthed audio interview after our defeat to East Fife. He was (eventually) sacked shortly afterwards. It's about halfway in for the impatient amongst you Ahm the manager arra fuckin' club. Stick that on yer fuckin' website Edited June 27, 2012 by Shawfield Stallion 0 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted June 27, 2012 Share Posted June 27, 2012 Its all getting too complicated for me my head hurts ! Exactly....can somebody give us a diddies guide to what all this means. Ma heids nippin!! 0 Quote Link to comment Share on other sites More sharing options...
happysouth Posted June 27, 2012 Share Posted June 27, 2012 Meanwhile, the Currants hunt for a league to play in continues: (The first person to tell me who the pianist is wins a pint or ten next season, Firhill or your own local.) Elton john?? 0 Quote Link to comment Share on other sites More sharing options...
KillieRaider Posted June 27, 2012 Share Posted June 27, 2012 Meanwhile, the Currants hunt for a league to play in continues: (The first person to tell me who the pianist is wins a pint or ten next season, Firhill or your own local.) rick wakeman, google has ruined all quizzes. 0 Quote Link to comment Share on other sites More sharing options...
Broken Algorithms Posted June 27, 2012 Share Posted June 27, 2012 Ibrox & Murray Park hived off to "separate Newco" Yo dawg, so I heard you like NewCos, so we put a NewCo in your NewCo, so you can NewCo while you Newco... 0 Quote Link to comment Share on other sites More sharing options...
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