Generic Sevco / Rangers meltdown thread

***CropleyWasGod*** · 14-10-2012 05:06 PM

Originally Posted by EuanH78

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Personally I dont think Green cares very much whether the Huns are sustainable or not. Just my opinion, but the share issue is to make him some money in short time and he can get the hell out of dodge before it goes tits up again. At least thats what I hope is happening

The thread that keeps on giving!

If I have read recent reports correctly, he says that he will underwrite the issue, and take up any unsold shares himself. Hardly a strategy to make any money....

***Seveno*** · 14-10-2012 05:20 PM

Originally Posted by CropleyWasGod

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If I have read recent reports correctly, he says that he will underwrite the issue, and take up any unsold shares himself. Hardly a strategy to make any money....

Well I don't think he's ever knowingly told the truth to date so no need to expect him to change that habit now.

***Jim44*** · 14-10-2012 06:42 PM

Green has publicly apologised to Aston Villa, claiming he meant no offense. Since when did calling someone 'useless' not constitute offence? His apology is even more offensive than his original remark.

**green glory** · 14-10-2012 07:12 PM

Green is a hero. He's going drag them to hell.

I notice Verminmedia is down, pity because I love a Sunday evening ****ting my trousers in laughter at their delusional cretinism.

**~~LeighLoyal~~** · 14-10-2012 08:19 PM

Originally Posted by Jim44

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Green has publicly apologised to Aston Villa, claiming he meant no offense. Since when did calling someone 'useless' not constitute offence? His apology is even more offensive than his original remark.

If he didn't mean any offence, then what the xxxx did he mean?

I can just about buy he's whipping the Orcs into a frenzy, or trying to, but the guy is totally off his dial, and not in a nice way. Sinister creep of a guy.

**HUTCHYHIBBY** · 14-10-2012 08:37 PM

Green is a dangerous character, Ibrox will be even more unpleasant whenever Hibs or Celtic have got to play at Ibrox next.

**~~Hibercelona~~** · 14-10-2012 08:40 PM

Originally Posted by HUTCHYHIBBY

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Green is a dangerous character, Ibrox will be even more unpleasant whenever Hibs or Celtic have got to play at Ibrox next.

He's more of a danger to himself than anybody else, the man should be locked up in a padded cell.

I can't see Ibrox being more unpleasant than it has been before, surely it just isn't possible?

**EuanH78** · 14-10-2012 08:51 PM

Originally Posted by CropleyWasGod

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If I have read recent reports correctly, he says that he will underwrite the issue, and take up any unsold shares himself. Hardly a strategy to make any money....

Does Green have that kind of money?

Anyway, stop spoiling it for me with things like reports and facts

**ballengeich** · 14-10-2012 09:00 PM

Originally Posted by CropleyWasGod

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If I have read recent reports correctly, he says that he will underwrite the issue, and take up any unsold shares himself. Hardly a strategy to make any money....

The issue isn't going to be underwritten. While he's said he'll buy the unsold shares, he hasn't committed himself to a price for them

***CropleyWasGod*** · 14-10-2012 09:07 PM

Originally Posted by ballengeich

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The issue isn't going to be underwritten. While he's said he'll buy the unsold shares, he hasn't committed himself to a price for them

Fair point

I am not an expert on share issues.... but if they are offered at a certain price, is he not bound to buy them at that price? Or, if he then waits until they are listed on the AIM, would he buy them at the market rate.....which would be diddley-squat by then?

**jgl07** · 14-10-2012 09:19 PM

Originally Posted by CropleyWasGod

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Fair point

I am not an expert on share issues.... but if they are offered at a certain price, is he not bound to buy them at that price? Or, if he then waits until they are listed on the AIM, would he buy them at the market rate.....which would be diddley-squat by then?

You clearly don't understand Yameconomics. He would be buying them from himself!

**ballengeich** · 14-10-2012 10:08 PM

Originally Posted by CropleyWasGod

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Fair point

I am not an expert on share issues.... but if they are offered at a certain price, is he not bound to buy them at that price? Or, if he then waits until they are listed on the AIM, would he buy them at the market rate.....which would be diddley-squat by then?

I'm not trained in this either. It would be educational if someone who is an authority can tell us what happens to the unsold shares when an issue which is not underwritten falls short of its target.

Surely the lack of underwriting can't be a result of an inability to find anyone willing to take on the risk.

**PatHead** · 15-10-2012 11:03 AM

Villa's fans take on Green. Don't think they are too impressed.

http://www.astonvilla.vitalfootball.....asp?a=7513660

***Seveno*** · 15-10-2012 12:12 PM

If Chuckie is 'underwriting' the IPO, then he has to retain all the shares that are not purchased and pay for these at the full price.

The biggest mystery is that an IPO requires a significant amount of financial details including historical and projections. The utterances of an escaped lunatic from lalaland would not normally meet these qualifications.

**jgl07** · 15-10-2012 12:45 PM

I understand that the IPO floatation will be conducted in Euros.

Rangers can't deal with Stirling!

**Killiehibbie** · 15-10-2012 02:06 PM

Originally Posted by wee_hibee

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He's more of a danger to himself than anybody else, the man should be locked up in a padded cell.

I can't see Ibrox being more unpleasant than it has been before, surely it just isn't possible?

Ibrox of the last few years was a pleasant day out compared to 30 odd years ago.

**Wheat Hound** · 15-10-2012 02:33 PM

Can someone give me a brief account of why the Hibs 'stopping' and then 'reforming' in circa 1891 is different to the sevco scenario i.e. why we remained the same club and not a completely new company/club? Would be Mich appreciated so i can girfu a few Gorgie tramps.

**green glory** · 15-10-2012 02:52 PM

Originally Posted by Wheat Hound

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Can someone give me a brief account of why the Hibs 'stopping' and then 'reforming' in circa 1891 is different to the sevco scenario i.e. why we remained the same club and not a completely new company/club? Would be Mich appreciated so i can girfu a few Gorgie tramps.

I'm pretty sure it was legal at the time but company law has changed since then, hence the difference.

***StevieC*** · 15-10-2012 03:22 PM

Originally Posted by Wheat Hound

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Can someone give me a brief account of why the Hibs 'stopping' and then 'reforming' in circa 1891 is different to the sevco scenario i.e. why we remained the same club and not a completely new company/club? Would be Mich appreciated so i can girfu a few Gorgie tramps.

I wasn't around at the time .. but I suspect that it would be down to debt owed and modern day changes regarding administration and liquidation.

I suppose you could liken it to an amatuer football club folding because there were no funds, or enthusiastic people to run it. A season later a couple of former players decide to start the team up again and get the funds together for league entry.

Totally different to being thrown out of a league for not paying your dues and having the local butcher chasing you round the park with a meat cleaver over unpaid bills for the pies.

**PatHead** · 15-10-2012 03:59 PM

Think this was covered a few thousand pages ago. Can you not read the whole thread!!!!!

Sure Hibs never actually folded we just didn't have a team or the funds to compete for a couple of years before the original "Grandpa " Farmer and his mates helped reconstitute the club, got a team together and helped us return to the leagues.

Jonnyboy might tell you if you ask him nicely.

**~~LeighLoyal~~** · 15-10-2012 04:37 PM

I see Zombie Media is still foo ked. A big thumbs up to whatever good guy put a trojan in the Orc works.

**VickMackie** · 15-10-2012 07:50 PM

Originally Posted by PatHead

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Villa's fans take on Green. Don't think they are too impressed.

http://www.astonvilla.vitalfootball.....asp?a=7513660

I liked bobthebuilders comment. They'd only like two Scottish teams who are relevant. Hibs and Celtic.

**JeMeSouviens** · 15-10-2012 08:21 PM

Originally Posted by Wheat Hound

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Can someone give me a brief account of why the Hibs 'stopping' and then 'reforming' in circa 1891 is different to the sevco scenario i.e. why we remained the same club and not a completely new company/club? Would be Mich appreciated so i can girfu a few Gorgie tramps.

The Hibs "pause" came pre-incorporation, ie. the club hadn't formed a limited company. It never went out of business as such so it was possible for it to resume as the same entity. Hibs incorporated as a limited company in 1903 and the club has existed as that legal entity to the present day.

The Original Huns incorporated in 1899 and that legal entity still exists but will shortly be liquidated. When it failed to exit administration, the death of the Huns became an inevitability. It cannot continue to exist as that entity without satisfying its creditors.

***RyeSloan*** · 15-10-2012 09:13 PM

Originally Posted by JeMeSouviens

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The Hibs "pause" came pre-incorporation, ie. the club hadn't formed a limited company. It never went out of business as such so it was possible for it to resume as the same entity. Hibs incorporated as a limited company in 1903 and the club has existed as that legal entity to the present day.

The Original Huns incorporated in 1899 and that legal entity still exists but will shortly be liquidated. When it failed to exit administration, the death of the Huns became an inevitability. It cannot continue to exist as that entity without satisfying its creditors.

Sure Hearts had something similar at the start of their history as well did they not?

***Eyrie*** · 15-10-2012 10:06 PM

Originally Posted by SiMar

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Sure Hearts had something similar at the start of their history as well did they not?

I think they took over a club called St Andrews. Can't remember why though - anyone know?

**green glory** · 16-10-2012 06:45 PM

http://www.philmacgiollabhain.ie/hur...rox/#more-3237

Phil is usually on the money. The Ministry of Justice are also saying the FTTT verdict will be announced this/next week.

Joyous!!!

**PatHead** · 17-10-2012 10:57 AM

Sad thing is that even if everything Craigie Bhoy says is true the Scottish press will just ignore the truth and pump out more about Craigie being to blame for everything.

Chuckie, Walter (Teflon) Smith, Fat Swally and Mintybags Murray have never and never will do anything wrong if you believe these rags and the Beeb.

**PatHead** · 17-10-2012 10:59 AM

Originally Posted by green glory

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http://www.philmacgiollabhain.ie/hur...rox/#more-3237

Phil is usually on the money. The Ministry of Justice are also saying the FTTT verdict will be announced this/next week.

Joyous!!!

Hope CWG and Cav G are resting up to interpret the verdict for us as I suspect it will not be in words of one syllable which we will understand!