sjc Posted March 25, 2015 Share Posted March 25, 2015 1. The Ghetto Consortium and the mug orclets ... 2. Glib and Shameless has constantly stated he will underwrite it though the amount he is willing to "invest" has varied dramatically throughout. 3. No but the financial websites advise that the process of issuing shares becomes more expensive. Who in their right mind would invest in shares in a de-listed Company? 0 Quote Link to comment Share on other sites More sharing options...
Jambo'ness Posted March 25, 2015 Share Posted March 25, 2015 Ashley's loan is interest free without a settlement date, there is no penalty for keeping it in place, a share issue was always on the cards, they have always made it clear that this would be how the required capital would be injected in, quite right too it dilutes those who are not willing to stump up further, increasing the hold of good Rangers men. All that has happened is we have went from Ill Phil inferring we had taken the 2nd tranch from Ashley and that this was already spent to confirming that this was all bollix and we have a short term funding gap of £1.5m. Carry on speculating though, it provides mirth for later times. Talking of which....... I was prepared to be neutral and read without judgment.....then you spoiled it. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 25, 2015 Share Posted March 25, 2015 Eh?...."Provision of the loans is classified as a related party transaction under rule 13 of the AIM Rules for Companies" I think the first word in your response should have been the last one. The rest of your post does nothing to counter that the loan details have been declared. A related party transaction only shows that the transaction was performed between the company and someone that is in a position to influence the company. This is the reason that the transaction has to be reviewed by independent directors (normally it would be the NOMAD but we know this isn't possible ). 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted March 25, 2015 Share Posted March 25, 2015 3. No but the financial websites advise that the process of issuing shares becomes more expensive.Not having a listing on an exchange would be a greater deterrent to small and medium investors than to larger ones.If you're weighing up a potential seven figure investment then you can easily afford to do your own research as opposed to taking outside advice and your in a far better position to demand answers directly from the company. The lack of an active market would also be less scary to longer term investors who aren't greatly bothered about the liquidity. In short the kind of investors liable to invest in a share issue under current circumstances are unlikely to be the kind of investors who would then sit back and let the board do what they want with their money and they're likely to demand a big chunk of the company for a relatively small amount of money. 0 Quote Link to comment Share on other sites More sharing options...
FinnesTON Posted March 25, 2015 Share Posted March 25, 2015 The Rangers monthly 'short-term' funding gap. But Tedi is cool with that. the report from Begbies Traynor can be whatever you want it to be without them actually naming the one club that they consider financially distressed.. I have the mental picture of Begbies Traynor being a mixture of the trainspotting psycho and Jabba. I might have trouble sleeping tonight with that image ETA ' But Rangers isn't technically the most financially stressed club in Scotland, as a result of the recent cash injection' but it wasn't really a cash injection - it was a loan. I apologise firstly if I omit some of the players in the growing monthly 'short term' funding gap or timeline of events but lets see if we can display the concern When the first reports of the pockets were empty when Charlie or one of the many others there was a 1.5 million loan proposed to some Wonga mob that Latham covered. Then after that was sorted or if that was part of a chain reaction that brought MA to the table and he had a £3million, these were unsecured then Sandy Easdale covered the tax bill in January with that money secured against the sale of MacLeod to Brentford. The next short term issue brought in MA £5m secured loan with the option of another £5M if it was required and secured against the stadium. So they effectively paid off MA unsecured loan with MP and other assets for £2m. Just to show what an Uber robber baron MA is, he reoffered the 2nd tranche with even more unpalatable terms and conditions now the 1.5 from the 3B. Now in under 3 years not only have they spent the 70million raised the debt has grown, they have lost control of revenue streams and assets to MA and to pay the tax bill they sold a player under value. I am amazed at the fingers in the ears, eyes closed shouting We are the peepul to drown out the reality of the situation given the same methodology brought them to this point. 0 Quote Link to comment Share on other sites More sharing options...
adundeemonkey Posted March 25, 2015 Share Posted March 25, 2015 (edited) Don't know if this has been posted, but I get emails from Sevco every now and then after i posed as a prospective investor to get a copy of Charlie's IPO prospectus. I got one yesterday from Sevco trying to get fans to buy 4 game season tickets. Obviously trying to get any fools to make an impulse buy after their random result against Hibs seeing as the 'People' see this one game as a sign that they are the best team in Scotland. Edited March 25, 2015 by adundeemonkey 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted March 25, 2015 Share Posted March 25, 2015 Don't know if this has been posted, but I get emails from Sevco now and then after i possed as a prospective investor to get a copy of Charlie's IPO prospectus. I got one yesterday from Sevco trying to get fans to buy 4 game season tickets. Obviously trying to get any fools to make an impulse buy after their random result against Hibs seeing as the 'People' see this one game as a sign that they are the best team in Scotland. Or more charitably a sign that the contest with Hibs for 2nd is suddenly back on. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted March 25, 2015 Share Posted March 25, 2015 I make it eleven sleeps now. Who in their right mind would invest in shares in a de-listed Company? Not applicable to the Orc. 0 Quote Link to comment Share on other sites More sharing options...
FinnesTON Posted March 25, 2015 Share Posted March 25, 2015 Don't know if this has been posted, but I get emails from Sevco now and then after i possed as a prospective investor to get a copy of Charlie's IPO prospectus. I got one yesterday from Sevco trying to get fans to buy 4 game season tickets. Obviously trying to get any fools to make an impulse buy after their random result against Hibs seeing as the 'People' see this one game as a sign that they are the best team in Scotland. They should have offered that at the beginning of the season when Sevco still looked to have a chance of winning the thing. 0 Quote Link to comment Share on other sites More sharing options...
adundeemonkey Posted March 25, 2015 Share Posted March 25, 2015 I think it actually says a lot about the mindset of those in charge of Ibrox just now. A winning Sevco with all things going well on the pitch should be enough to pull back the stay away fans so we are told. Which is why trying to get people to commit for the final four home games now gives the impression that the people in charge don't see the run-in going that well. 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted March 25, 2015 Share Posted March 25, 2015 I think it's common knowledge they are looking for RRM to part with their cash for the good of the club. Right minded folk and investors will be steering clear. Given DM failed attempt and the piss poor amount from fans at Chuckie's issuance then I have a feeling Dave King is going to have a sick feeling if he underwrites. Wonder how many shares Tedi will be buying ... . Kind of how I'm reading the situation.....King and the 3 Bears are going to have to dig deep into their own pockets to bail out/rebuild the Club as the City investors won't be interested and the fans won't have deep enough pockets for the amount of money DK has hinted at being required. 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted March 25, 2015 Share Posted March 25, 2015 I've never heard of a 4 game season ticket. Can they genuinely not wait a few weeks to get the cash at the gate? That doesn't sound too healthy at all. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 25, 2015 Share Posted March 25, 2015 Don't know if this has been posted, but I get emails from Sevco every now and then after i posed as a prospective investor to get a copy of Charlie's IPO prospectus. I got one yesterday from Sevco trying to get fans to buy 4 game season tickets. Obviously trying to get any fools to make an impulse buy after their random result against Hibs seeing as the 'People' see this one game as a sign that they are the best team in Scotland. Playoffs not included then. 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted March 25, 2015 Share Posted March 25, 2015 Doink 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted March 25, 2015 Share Posted March 25, 2015 Shull 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted March 25, 2015 Share Posted March 25, 2015 I think the first word in your response should have been the last one. The rest of your post does nothing to counter that the loan details have been declared. A related party transaction only shows that the transaction was performed between the company and someone that is in a position to influence the company. This is the reason that the transaction has to be reviewed by independent directors (normally it would be the NOMAD but we know this isn't possible ). It's the transparency of it all. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 25, 2015 Share Posted March 25, 2015 Don't know if this has been posted, but I get emails from Sevco every now and then after i posed as a prospective investor to get a copy of Charlie's IPO prospectus. I got one yesterday from Sevco trying to get fans to buy 4 game season tickets. Obviously trying to get any fools to make an impulse buy after their random result against Hibs seeing as the 'People' see this one game as a sign that they are the best team in Scotland. I've previously had the then Killie manager phoning me up to buy a season ticket Up ye... -1 Quote Link to comment Share on other sites More sharing options...
shull Posted March 25, 2015 Share Posted March 25, 2015 Whit? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted March 25, 2015 Share Posted March 25, 2015 No share issue is going to save them. There simply aren't enough mugs ready to buy shares in a business which, even if it does survive, will never give them a return on their investment for many years, if ever. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 25, 2015 Share Posted March 25, 2015 It's the transparency of it all. It wouldn't have been any more or less transparent if they have received the loan from Barclays Bank or some other lender. Inferring that the regulatory requirement to announce this as a related party transaction somehow makes it less transparent is wrong. 0 Quote Link to comment Share on other sites More sharing options...
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