hellbhoy Posted April 26, 2014 Share Posted April 26, 2014 I'm more interested in the 75p loaf........... FREE LOAF !! Choice of 5 as well. 0 Quote Link to comment Share on other sites More sharing options...
NotfromFifehonest Posted April 26, 2014 Share Posted April 26, 2014 I'm more interested in the 75p loaf........... FREE LOAF !! If you bought 5 Daily Records, collected the 5 loaves, there's a fair chance you could exchange them for an Ibroke ST fairly soon - they've reverted back to the more traditional forms of commerce such as barter after abandoning electronic transactions. 0 Quote Link to comment Share on other sites More sharing options...
NotfromFifehonest Posted April 26, 2014 Share Posted April 26, 2014 Choice of 5 as well. But the laffathon from Govan is far more delicious 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted April 26, 2014 Share Posted April 26, 2014 But the laffathon from Govan is far more delicious Also appointed by her majesty the Queen as well. 0 Quote Link to comment Share on other sites More sharing options...
Kamenitza Posted April 26, 2014 Share Posted April 26, 2014 FREE LOAF !! 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted April 26, 2014 Share Posted April 26, 2014 Would be interesting to know how much of the £70M was spent on "directors emoluments". Presumably that is included in the £7 million "Non-football payroll costs", so maybe £1 or £2 million. Some might consider that outrageous in the circumstances, but it certainly wasn't a major cause of their troubles. It's interesting that the accounts show £5.5 million spent on "Purchase of the Club", whereas it was actually spent on purchasing the assets of the failed club/company - there was no club left to purchase. 0 Quote Link to comment Share on other sites More sharing options...
Boghead ranter Posted April 26, 2014 Share Posted April 26, 2014 Noone in the media will ask this so what do us bampots think will happen in the next few days ? the share issue is way in the future and not even been through a shareholder vote. If those ST figures are correct, how will the market react on Monday 15pc down today. These investors will have set up a standing instruction to sell at a certain point, when is bail out time ? Will the wages be paid ? Will the bonuses be paid ? Will Sally take the pay cut ? All the BBC can report about is 3 year plans to get back to the top its absolutely insane. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RFC&ArticleCode=7g61sdvj&ArticleHeadline=Business_Review_and_Strategic_Plan_Update That is a disaster of and RNS and it SHOULD tank - the more I read it the worse it seems - always be wary of stockmarket news coming out on a Friday... It's hard to believe the II's didn't know about all this already though and with football clubs having a different set of shareholders to normal companies ( ie. fans ) there might not be a mass sell off on Monday - I expect it will be shaky first thing but might recover a bit as the day goes on - but the trend now will be down until funding is sorted out - As for " These investors will have set up a standing instruction to sell at a certain point, when is bail out time ? You can set a stop loss figure on shares ( ie automatically sell at a certain price ) but I doubt any RFC shareholders will have stop losses - Stop losses are often set to protect profits - no one is in profit at RFC and I doubt anybody who bought in at 80 odd pence would have set a stop loss so low as 22p - anybody holding from there needs an almost 400 % rise just to break even However, to sell shares, there has to be someone willing to buy them It's not like cashing in chips on the way out of the (super) casino. If no-one wants to buy them, you're stuck with them. 0 Quote Link to comment Share on other sites More sharing options...
dirty dingus Posted April 26, 2014 Share Posted April 26, 2014 Is it just me that finds it strange that not one mainstream hack challenged him to explain how there was still just under 3.5 million in cash given the monthly running costs and wages ... These figures are common knowledge .. Jan would have swallowed a huge chunk alone .. never mind Feb, March and April ... Yet not one murmur of contention when he trotted that pish out ... With all that money sloshing about in the washing machine why did the have to get a couple of secured loans from their very own blue chip investors? 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted April 26, 2014 Share Posted April 26, 2014 1. Graham Wallace claims one of the key reasons that credit and debit cards cannot be used to purchase season tickets was the Dave King inspired 'Trust': ...Wallace told fans and shareholders in his review: “The board believes one of the major factors influencing the merchant acquirer to change its terms was the extensive negative coverage of calls in some quarters for supporters to refrain or delay purchasing season tickets.” 2. It transpires the Rangers board were told by First data in January that they would not process these sales without security. This is before the idea of the 'Trust' was first mooted. Wallace was brought in to give Rangers a level of credibility yet has been caught out in a blatant lie. He should resign or be sacked for such a distortion of the truth. No sensible person will believe another word he utters. 0 Quote Link to comment Share on other sites More sharing options...
Bing (2) Posted April 26, 2014 Share Posted April 26, 2014 0 Quote Link to comment Share on other sites More sharing options...
Dunning1874 Posted April 26, 2014 Share Posted April 26, 2014 Perhaps they're willing to take the gamble and genuinely believe that if the season ticket money does come in and they can make it to another share issue that they can avoid administration altogether, whereas they feel that rather than simply allowing them to shed debt and high earners then carry on, administration carries a strong likelihood of leading to liquidation. I'm entirely speculating here, but it could be the logic of not going for administration right now while the points deduction will make no difference. 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted April 26, 2014 Share Posted April 26, 2014 However, to sell shares, there has to be someone willing to buy them It's not like cashing in chips on the way out of the (super) casino. If no-one wants to buy them, you're stuck with them. Everything has a price. There will always be someone willing to buy, assuming the price is low enough and the possible return is high enough. We have had Chucky in the past, and the way things are going we could well have Chucky II or even a Craigy II. He won't necessarily wear the same cheap Matalan suits as Chucky, but he will have similar ethics and honesty. Know what 'we are the people' means, and understand who the enemy is. Be able to haver on about everyone being jealous of the mighty Gers, and how we must boycott them. No money required, just enough to bribe a Rangers legend to stand beside you and sit with you at games.Plenty out there who could do with a few used tenners in their back pocket for such an easy gig. Nationality not important, but critical to have an anonymous history that is difficult to research. If you came from Brazil, China or Russia would be ideal as the fans would jump to all sorts of idiotic conclusions about your wealth. Talk about having access to millions, but avoid the term 'off the radar'. Come on Vladimir, Gustavo or Wei, let's have you. Your time is real soon now. 0 Quote Link to comment Share on other sites More sharing options...
Jim Leighton Posted April 26, 2014 Share Posted April 26, 2014 (edited) He said the was "a little under £3.4m" in their account at present. In my bank there is 'a little: under 3.4 million' as well. Damn that missing colon! Edited April 26, 2014 by Jim Leighton 0 Quote Link to comment Share on other sites More sharing options...
L. Brilliant Posted April 26, 2014 Share Posted April 26, 2014 It's interesting that the accounts show £5.5 million spent on "Purchase of the Club", whereas it was actually spent on purchasing the assets of the failed club/company - there was no club left to purchase. SCM = Same Club Myth This should have any sensible reader raising an eyebrow 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted April 26, 2014 Share Posted April 26, 2014 They will get ST money , prize monies? , some commercial sponsorship payments ... but they will rely heavily on ST monies and they will fail primarily because .. a) a percentage of fans will buy into King's scheme. b) a percentage of fans cannot afford to pay upfront in a oner, especially those that buy tickets for their family c) a percentage of fans do not trust them not to enter administration The share issue has to be planned for months in advance before any cash comes in ... the monies brought in before then have the monthly running costs, wages , player bonuses before August comes round ... and given all the legal framework and legislation that applies to share issues, it is far too late- it must be at least 6 months away .... minimum. Also any expected revenue from such a share issue will be very low since share prices will continue to plummet and any sane institutional investor will run the other way. Two fund managers have been sacked for investing in an 'apparently' healthier issue. It will be left to the penniless bears to pony up. Will King buy these shares without guarantees of being in charge? Will Laxey or Easdales, Green, BPH relinquish the cash cow without sale and leaseback? Please explain the "cash cow". A cash cow is a business (or part of a business) that produces a steady flow of revenue and profits, without a commensurate input of investment or effort. It's hard to see any part of the Sevco empire that fits that description. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 26, 2014 Share Posted April 26, 2014 1. Graham Wallace claims one of the key reasons that credit and debit cards cannot be used to purchase season tickets was the Dave King inspired 'Trust': ...Wallace told fans and shareholders in his review: “The board believes one of the major factors influencing the merchant acquirer to change its terms was the extensive negative coverage of calls in some quarters for supporters to refrain or delay purchasing season tickets.” 2. It transpires the Rangers board were told by First data in January that they would not process these sales without security. This is before the idea of the 'Trust' was first mooted. Wallace was brought in to give Rangers a level of credibility yet has been caught out in a blatant lie. He should resign or be sacked for such a distortion of the truth. No sensible person will believe another word he utters. The only problem with this is, if he's sacked he'll get a hefty pay off and then the process will start all over again. 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted April 26, 2014 Share Posted April 26, 2014 If you bought 5 Daily Records, collected the 5 loaves, there's a fair chance you could exchange them for an Ibroke ST fairly soon - they've reverted back to the more traditional forms of commerce such as barter after abandoning electronic transactions. remember you could also chuck in some fishes 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted April 26, 2014 Share Posted April 26, 2014 supporters are fed up with being taken for mugs again and again stop being f***ing mugs then! 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted April 26, 2014 Share Posted April 26, 2014 Once a mug............ 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted April 26, 2014 Share Posted April 26, 2014 you missed out - a percentage of fans do not trust either the board of directors or dave king i suspect the combined totals of cash from both the trust and from supporters picking up season tickets from the club will be less than half last seasons total for season ticket sales. supporters are fed up with being taken for mugs again and again Walk away fuckers. 0 Quote Link to comment Share on other sites More sharing options...
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