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Big Rangers Administration/Liquidation Thread - All chat here!


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The proposed regeneration of the Ibrox area is obviously laudable but unfortunately for Newco fans and the denizens of said area, it's extremely unlikely.

I asked my wife, who used to work in the property development field, her opinion on this proposal which includes purchasing and redeveloping brownfield sites and re-opening a railway line, building hotels, etc.

She reckons with EVERYONE on board, ENOUGH MONEY and EVERYTHING going according to plan, it would take 5-7 years.

Now, there is no way a plan like this would run smoothly, so my estimate would be nearer 7-10 years, maybe more.(more likely never) This would be of absolutely no help to Newco at the moment. This is just window dressing to get the gullible to buy shares as has been said on here many times.

OK, where do I register my intention to buy shares?:lol:

eta Well, this link doesn't work www.rangersshareoffer.com

Edited by cyderspaceman
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Rangers asking you to call a 0871 number...

Many people don't realise that there are many phone providers offering cheaper calls to standard telephone numbers (those beginning with 01, 02 or 03), which don't apply to 0842, 0843, 0844, 0845, 0870, 0871, 0872 or 0873 telephone numbers. - Please see the links page and click on Cheapest Call Provider for price details. ..... you can reduce your call cost on standard telephone numbers to as little as 5p fixed cost (regardless of duration), whereas the cheapest provider to 0871 numbers during the day that I am aware of charges 10p/min (+ 12.5p connection fee [with BT]) to call.

http://www.saynoto08...mpanysearch.php

Rangers numbers listed Use 0141 NOT 0870 or 0871

Rangers FC 0870 600 1972 0141 580 8500

Rangers FC 0871 702 1972 0141 580 8500

Rangers FC 0871 702 1972 0141 580 8819 COMMUNITY football coaching

Rangers Football Club Ticket Office 0871 702 1972 0141 580 8501

Edited by thelegendthatis
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You can register your 'interest' at http://www.rangersshareoffer.com/

They say the site will be up and running from 5pm today. Unless Duff and Duffer are in charge and it will be available sometime around Christmas.

Make sure you get on their mailing list. Get Charlie boy excited about the amount of money he will be able to pocket. mad.gif

Will put David Murray's £6 million from his EBT in the shade.

And just in case, you can have a read of http://www.fsa.gov.u...ams/boiler_room just so you know what to look out for blink.gif

Someone has posted this scam warning on an Orc site. Replies will be interesting.

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The proposed regeneration of the Ibrox area is obviously laudable but unfortunately for Newco fans and the denizens of said area, it's extremely unlikely.

I asked my wife, who used to work in the property development field, her opinion on this proposal which includes purchasing and redeveloping brownfield sites and re-opening a railway line, building hotels, etc.

She reckons with EVERYONE on board, ENOUGH MONEY and EVERYTHING going according to plan, it would take 5-7 years.

Now, there is no way a plan like this would run smoothly, so my estimate would be nearer 7-10 years, maybe more.(more likely never) This would be of absolutely no help to Newco at the moment. This is just window dressing to get the gullible to buy shares as has been said on here many times.

OK, where do I register my intention to buy shares?:lol:

I intend to be Mister Gullible

Until they ask for the cheque biggrin.gif

P.S. Anyone have an image of Mr Bean wearing a Rangers/Sevco scarf?

post-30359-0-26035600-1349944103_thumb.j

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The annual running costs for MP and ibrox are something like twelve million a year not inclusive of wages and green has claimed that the wage bill is six million. Even if you take these to be the only outgoings ie ignore transfers interest on green five n half million bank fees etc they are spending eighteen odd million with st sales only generating roughly nine n half million. Despite the naivety of the newco fans here bullishly claiming, there is no overspend its clear to anyone neutral that they're in dire trouble hence the desperation of a flotation

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The fleecing begins.

What do they do with the players they buy with the money raised? Bubble wrapped and placed on a shelf is my best guess.

I'm sure, from what the Sevconians have crowed in the past, that they can still sign free agents - although I'm not 100% sure if they're banned from buying or banned from registering. If the latter, then this part is arrant nonsense. So, to be fair, is a large part of the statement - from the glorious "history" of a three-month-old company, to the claim that ibrox is Scotland's premier stadium rather than a crumbling shithole upon which routine maintenance hasn't been kept up with for years.

Charlie's strategy has worked up until now. He's managed to pull in every available crisis loan and DLA cheque possible in order to flog all those STs the document makes much of. He's managed this by skilfully playing to the choir, and the berrz have lapped it up like full cream.

Now, unfortunately, that money has been taken care of, and Charlie has to look further afield. He's emptied the coffers of Orcadia and Sevconia, and now has to venture into the real world in order to fund his exit strategy (unless the failure of the IPO actually IS part of his exit strategy).

Many companies attempt to float each year, and investors will do more checks than simply reading the Green Brigade's PR puff before reaching into their pockets. In actual fact, Green's statements about history and the status of ibrox are such obvious lies that any investor will (a) do more digging to find out what other lies they're telling, and (b) will distrust the offer from the start, rendering meaningful levels of investment unlikely. There's even the slight, almost miniscule chance that they may question what happened to that big club who used to play at ibrox, and surely anyone involved with that financial clusterfuck doesn't have anything to do with THIS IPO - nah, that'd be mad, surely!

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they forgot to add ...btw their previous attempts to sell shares died on its arse.

I note that it's "THE CLUB" which is being floated, NOT the holding company.

Just the same as the last time. Shares were issued for THE CLUB and THE CLUB went into liquidation.

The share issue will fail. It's a bad idea as far as the fans are concerned.

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This could be the most significant sentence :-

" Playing at the 51,000 seater Ibrox Stadium, which is Scotland's only UEFA elite club stadium, and benefiting from the world class 38 acre Murray Park training facility, the Club has been a major force in Scottish football for decades."

Not because of what it says but because of what it does not say.

If they are trying to entice investors would it not be a major selling point to highlight Ibrox and Murray Park as valuable assets of the company, rather than merely mentioning them as the stadium they play in and facilities they benefit from the use of?

Edited by Kamenitza
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There is something fundamentally wrong with our legislation that allows a company to walk away (they DO do walking away if it's from their legal liabilities) and then, a few months later, don a new guise and go for a public flotation. The underlying business has, fundamentally, not changed.

What Green has done is what happens up and down the country, and I can recall many TV exposes about this situation, where companies have walked away from their debts and have set up, on the same premises and in the same trade, and all this is perfectly legal.

I hope that this whole sorry mess prompts action by the Government to review the ease with which companies can dodge their legal responsibilities and continue trading. This isn't a dig at TCFKARFC per se but a desire to see any rogue or dodgy companies face up to their debts, whoever they may be.

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Aye. Santa could bring me a Porsche 911 Turbo with the woman from the Scottish Widows adverts in the passenger seat.

Dear Santa.... :)

Nah, I'll stick with the 25 points, Poz, 'cos

a) I'm waiting for the F-Type Jag, and

b) You do know that adverts been on for decades, right? "Pictures of Lily", anyone?:o

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At least some fans are waking up to Green

“@GersnetOnline: Green has said we're debt-free, have cut costs and we can't sign players for another year so where exactly is the raised money going?”

“@GersnetOnline: Going by Green's recent fan meetings, I'm still unclear why we need this £20million right now. Is it to be ring-fenced for future years?”

Although I do think its the minority that are questioning him

Edited by Enrico Annoni
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At least some fans are waking up to Green

“@GersnetOnline: Green has said we're debt-free, have cut costs and we can't sign players for another year so where exactly is the raised money going?”

Although I do think its the minority that are questioning him

bazinga.jpg

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http://www.bbc.co.uk/news/uk-scotland-19906644

The boasting about being debt free while pertaining to be the same club while walking away from that debt is disgusting but for those willing to fund Charlie's exit strategy good luck .

How many of the diddies said this would get done before all the other stuff came out all done and dusted before the BDO get their teeth into the administration process. So even if there is a call to separate real Rangers RIP and the made in Taiwain cheap imitation those who have invested will then have a vested interest in keeping the con alive.

Get your £500 at the ready , roll up to the new cluster f**k

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Duped by Minty. Duped by Whyte. Duped by Green.

Hmm. I swear I see a pattern emerging. Mind you, none of this has anything to do with stars on shirts or titles. No Siree... it's another naughty individual rogue.

Gie's ma' £10...

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Well the share issue is up until 5PM, is this CG final escape route to Monaco?

Ex-Rangers director Paul Murray claims Scottish football power shift

Former Rangers director Paul Murray has claimed that the Ibrox side competing in the Third Division has led to a power shift in Scottish football. huh.giflaugh.giflaugh.gif

Edited by Bairnforever1992
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Quote

IPOs explained

IPOs explained

Initial Public Offerings, or IPOs have hit the headlines recently with the Facebook IPO, but what is an IPO and what should investors consider when looking to invest?

What is an IPO?

Also referred to as a flotation or new issue, an IPO is the first offering of a company's shares on a stock market. Companies use IPOs typically to raise capital to expand or to reward founder investors. An IPO is not a loan to the company by investors so the company is not required to repay the capital raised via the stock market. The company is moving from a private company to a public company.

The IPO is underwritten by investment banks which, among other functions, will determine a market value for the company, and consequently a price investors will pay.

In recent times, IPOs have typically been offered exclusively to institutions and The Share Centre continues to lobby issuers to include private investors.

What should investors research before investing in an IPO?

Without doubt the starting point for researching an IPO is the company prospectus.

This is a document produced by the company at the start of the application process and contains the crucial information required to help investors make a fully informed investment decision. It is similar to a company's Report & Accounts and is signed off by its legal, tax and banking advisers.

In addition to reading the prospectus, investors should familiarise themselves with the sector the company will operate in, its competitors and broader economic factors. It is important to look at the track record of the executive team and research how the company intends to use the funds it raise through the IPO; will it open a series of production plants to bring an exciting new product to market or does the company plan to expand into new geographies?

It now comes down to whether the IPO is fairly priced and examining the stock market conditions when the IPO is announced. If the market looks weak and the IPO appears overpriced, it's probably worth staying out of the offering.

The greatest risk is that a company is overpriced at the IPO and falls sharply away after launching. However, there are many examples of successful IPOs where the initial investments have returned excellent profits.

As with any investment, the share price can increase and decrease on a variety of factors and you could lose some or all of your investment, so if there is any uncertainty you should hold off to see how the company performs once it has had time in the open market.

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