Generic Sevco / Rangers meltdown thread

***CropleyWasGod*** · 13-03-2017 05:26 PM

Originally Posted by HoboHarry

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Sorry I had meant was there anyway he could personally walk away by resigning from whatever his position is, or is he still liable even if he is hiding in his bolt hole in South Africa?

It's not about his position. It's about his shareholding. While he has that, he has to make the offer.

He would have to sell that to avoid the ruling. Like I say, other than the obvious, I can't see why he would do that.

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**Ozyhibby** · 13-03-2017 05:35 PM

http://thecelticblog.com/2017/03/blo...-consequences/

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**bathhibby** · 13-03-2017 05:37 PM

When is the big case decision due this week ?

***Winston Ingram*** · 13-03-2017 06:02 PM

Originally Posted by Ozyhibby

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https://rangers.co.uk/news/headlines...g-statement-6/

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Summary

'I'm guilty but I know you lot are really thick and if I'm extra sooky to you you'll believe me. Also, I cannae afford yer shares so if I'll tell ye they're a lot more valuable than they are in the hope that ye'll no sell them to me'

***Jack*** · 13-03-2017 06:33 PM

Originally Posted by Is It On....

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Just had a quick check on the shareholder register. At 20p per share he could be forced to buy out a number of people that may have voted against the recent proposal to change the way new shares are issued. This list includes Mike Ashley £1.45m, Alexander Easdale £1.05m, River and Mercantile £940k. This comes to a tasty £3.44m and is 21.1% of the share capital. Can't imagine it's what Disco Dave was hoping for 🙂

You didn't notice how much Ali Monetary McCoist would be due?

**Is It On....** · 13-03-2017 06:34 PM

Originally Posted by Jack

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You didn't notice how much Ali Monetary McCoist would be due?

Will check on Tuesday..only looked at the first page of major shareholders 😂

***Keith_M*** · 13-03-2017 06:35 PM

Originally Posted by Jack

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You didn't notice how much Ali Monetary McCoist would be due?

750k shares?

**Ozyhibby** · 13-03-2017 06:46 PM

Found this on kickback. The poster is usually a reasonable type.

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***Jack*** · 13-03-2017 06:48 PM

Originally Posted by Is It On....

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Will check on Tuesday..only looked at the first page of major shareholders 😂

Originally Posted by Keekaboo

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750k shares?

£150,000.

Would it be enough to tempt a real sevcovian man?

Probably not but I suspect he'll jump at it!

**Ozyhibby** · 14-03-2017 08:04 AM

http://www.podbean.com/media/share/p...0#.WMesfIzBiOw

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***CropleyWasGod*** · 14-03-2017 09:06 AM

Originally Posted by Ozyhibby

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http://www.podbean.com/media/share/p...0#.WMesfIzBiOw

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Gonny paraphrase that for us? Can't bear the guy 😀

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**Is It On....** · 14-03-2017 09:24 AM

Originally Posted by Jack

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£150,000.

Would it be enough to tempt a real sevcovian man?

Probably not but I suspect he'll jump at it!

Can't find Sally's Gardening Services on the list but at 20p per share James Easdale has £114k and Guernsey listed Damille Investments have £171k (their current objectives imply they are seeking to liquidate their holdings). So potentially another cheeky £285k to find if they accept the 20p per share that Disco Dave has been told by the take-over panel to offer all shareholders.

***lapsedhibee*** · 14-03-2017 10:36 AM

Originally Posted by CropleyWasGod

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Gonny paraphrase that for us? Can't bear the guy 😀

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Being suggested that no professional firm will set up the offer documents which TLK will need without seeing the colour of his money. If he doesn't go ahead with an offer he will be a financial pariah and so might The Thes, as the other concert party members are directors there.

In short, any which way you look at it, huns are in sticky stuff. PLEASING.

**~~Deansy~~** · 14-03-2017 11:06 AM

Originally Posted by lapsedhibee

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Being suggested that no professional firm will set up the offer documents which TLK will need without seeing the colour of his money. If he doesn't go ahead with an offer he will be a financial pariah and so might The Thes, as the other concert party members are directors there.

In short, any which way you look at it, huns are in sticky stuff. PLEASING.

God that line makes me feel so warm and tingly all over - it's like 'Hun-porn' !!

***CropleyWasGod*** · 14-03-2017 02:27 PM

Originally Posted by lapsedhibee

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Being suggested that no professional firm will set up the offer documents which TLK will need without seeing the colour of his money. If he doesn't go ahead with an offer he will be a financial pariah and so might The Thes, as the other concert party members are directors there.

In short, any which way you look at it, huns are in sticky stuff. PLEASING.

Is it TRFC's expense, though? If he is making the offer, isn't it his cost?

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**Is It On....** · 14-03-2017 03:05 PM

Originally Posted by CropleyWasGod

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Is it TRFC's expense, though? If he is making the offer, isn't it his cost?

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I would have thought that DK (and maybe the 3 bears) have to shoulder the expenses as it is they who have not acted in accordance with the rules and this judgement is instructing them to rectify the situation. My calculations suggest that there is about £3.8m of shareholding that he could be at risk of accepting the 20p tender. The positive thing is that this would eat up the legendary war chest as he / they would be increasing their shareholding without new money going into the club. I would have thought the risk he would run from admin 2 to avoid this is that Mike Ashley could offer more than him to the administrator to buy the club and he and the 3 bears would lose control as well as the notional value of their shares (DK £2.4m, Douglas Park £1.25m, George Latham £660k, George Taylor £1.5m). No easy way (or cheap) way out.

***Bostonhibby*** · 14-03-2017 03:21 PM

If the rangers is such a great business why wouldn't kings and the other blue bellends not grab every share they could at this bargain price?

If they don't are they not running the risk of implying that it's worth less than that in reality or even that GASL can't raise the cash or won't use his own?

***jacomo*** · 14-03-2017 03:27 PM

Originally Posted by Bostonhibby

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If the rangers is such a great business why wouldn't kings and the other blue bellends not grab every share they could at this bargain price?

If they don't are they not running the risk of implying that it's worth less than that in reality or even that GASL can't raise the cash or won't use his own?

Oh absolutely.

I saw this as a good news story for King - at last, the chance he's been waiting for to propel The Rangers into a new era! - and was surprised by his downbeat statement on the matter.

***lapsedhibee*** · 14-03-2017 04:18 PM

Originally Posted by CropleyWasGod

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Is it TRFC's expense, though? If he is making the offer, isn't it his cost?

Yes it's him rather than The Thes that's in the immediate sticky stuff - but if/when he doesn't make an offer The Thes, as well as him, may/will become pariahs in the financial world. The podcast was suggesting.

***Spike Mandela*** · 14-03-2017 07:36 PM

John James going to town on the latest news......

https://johnjamessite.com/2017/03/14/takeover-takedown/

**Ozyhibby** · 14-03-2017 10:19 PM

Originally Posted by Deansy

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God that line makes me feel so warm and tingly all over - it's like 'Hun-porn' !!

https://theclumpany.wordpress.com/20...%BFsevco-porn/

Just for you.

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**pacoluna** · 14-03-2017 11:08 PM

Word of warning, don't get into a twitter dispute with a rangers fan. They come at you like flies on **** from nowhere.

**Ozyhibby** · 14-03-2017 11:16 PM

Originally Posted by pacoluna

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Word of warning, don't get into a twitter dispute with a rangers fan. They come at you like flies on **** from nowhere.

Yip, that can really muck up you timeline.

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***Pedantic_Hibee*** · 15-03-2017 06:23 AM

Originally Posted by pacoluna

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Word of warning, don't get into a twitter dispute with a rangers fan. They come at you like flies on **** from nowhere.

I used to light the blue touch paper on twitter and soon enough they'd swarm over my timeline....and got batted away one by one. God I miss twitter.

**Ozyhibby** · 15-03-2017 10:22 AM

Supreme Court case live
https://www.supremecourt.uk/live/court-01.html
It's pretty dry stuff although I'm enjoying it.

Coral case decision today at 12 noon as well.

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***greenginger*** · 15-03-2017 10:28 AM

Originally Posted by Ozyhibby

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Supreme Court case live
https://www.supremecourt.uk/live/court-01.html
It's pretty dry stuff although I'm enjoying it.

Coral case decision today at 12 noon as well.

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I guess we are wanting a Corals victory.

Rangers Football Club were not relegated, they were extinguished !

**21.05.2016** · 15-03-2017 10:41 AM

Originally Posted by pacoluna

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Word of warning, don't get into a twitter dispute with a rangers fan. They come at you like flies on **** from nowhere.

Rangers fans are the absolute worst on twitter. About 90% of them hide behind nameless and faceless accounts so they can post their bile without recognition (how big and brave eh!). They really are an utterly hate filled bunch, their downfall in the past few years has made them even more bitter and vile. Any slight bit of harmless banter against rangers on social media and your bombarded with personal insults and abuse.

After the OF game is where they really excelled themselves. Sectarianism, racism, abuse towards Jay Beaty, rape and death threats (including towards Leigh Griffiths kids), mocking child abuse (peado seems to be their favourite insult) etc.

Lovely bunch so they are, I just can't for the life of me understand why they are so disliked in this country ?! . . .

**Ozyhibby** · 15-03-2017 10:41 AM

Originally Posted by greenginger

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I guess we are wanting a Corals victory.

Rangers Football Club were not relegated, they were extinguished !

Yes although I hate cheering on the bookie and they deserve to lose because of the weak case they put up and their reluctance to call Sevco a new club.

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***Moulin Yarns*** · 15-03-2017 11:05 AM

Originally Posted by Ozyhibby

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Supreme Court case live
https://www.supremecourt.uk/live/court-01.html
It's pretty dry stuff although I'm enjoying it.

Coral case decision today at 12 noon as well.

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Who is the geezer doing most of the talking?? which side is he on?