Generic Sevco / Rangers meltdown thread

[brog]

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Grant Russell (@STVGrant)
02/04/2015 14:01
Rangers announce they have been unable to find a new Nomad and will delist from the Alternative Investment Market.

All over Sky Sports also. Delisted on Tuesday, Good Friday would have been more appropriate!

[bingo70]

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Grant Russell (@STVGrant)
02/04/2015 14:01
Rangers announce they have been unable to find a new Nomad and will delist from the Alternative Investment Market.

Why wouldn't they have been able to find a nomad and what are the consequences?

[CropleyWasGod]

Doesn't seem as if they want to go private.

http://sport.stv.tv/football/315947-...d-new-adviser/

Liked this bit:-

. this resulted in AIM receiving more complaints about the company than any other company on its exchange over the last year.

[CropleyWasGod]

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Why wouldn't they have been able to find a nomad and what are the consequences?

Read that link I just posted. Their statement is quite comprehensive.

Basically, though, it was all the old board's fault.....

[Keith_M]

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Grant Russell (@STVGrant)
02/04/2015 14:01
Rangers announce they have been unable to find a new Nomad and will delist from the Alternative Investment Market.

We'd never have guessed it.



Dodgy Dave, the Glib and Shameless Liar strikes again!

[Bostonhibby]

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Read that link I just posted. Their statement is quite comprehensive.

Basically, though, it was all the old board's fault.....

A big boy done it, then ran away, like before.

Unless there was plenty fee, prestige and huge heaps of professional liability cover available I couldn't see a Nomad wanting the gig - not a good one anyway.

Can you imagine having to advise them what they're doing might not be a good idea / legal/compliant
It's not in their psyche - blaming everyone else is, presumably it was the same big boy that told dave to tell the hordes he'd get a nomad.

Tick tock by the look of it. At least until dave flashes the cash we keep hearing about.

[Bostonhibby]

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Doesn't seem as if they want to go private.

http://sport.stv.tv/football/315947-...d-new-adviser/

Liked this bit:-

. this resulted in AIM receiving more complaints about the company than any other company on its exchange over the last year.

Does this mean the new club can whack another big star on their shirts? some achievement. Ashley would probably have to agree to the design being altered though

[PatHead]

So the first promise of the glib and shameless liar is not fulfilled. (Not to mention the funds not being available that were promised.)

[CentreLine]

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So the first promise of the glib and shameless liar is not fulfilled. (Not to mention the funds not being available that were promised.)

Yes but the first plank is in place for avoiding debt and punishment if they do the admin thing again

[Keith_M]

For the avoidance of any doubt in regard to did he/disn't he actually say it........

"I've ensured there is another nomad willing to come in but the club has
to appoint them. That process can only happen after the general
meeting."

Dave King

"Where's your money Mr King, who is your Nomad?"

Derek Lambias (from the same article)




Well we have the answer to the second question..................

[BroxburnHibee]

Does it make much difference?

[PatHead]

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Does it make much difference?

Makes it more difficult to attract investors to the club as the shares are not easy to buy and sell. It also highlights that The Glib and Shameless one has not fulfilled any of the promises he made prior to the takeover.

[CropleyWasGod]

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Does it make much difference?

Not a lot, TBH.

In theory, it makes it more difficult and expensive to raise cash. But they were struggling to raise cash anyway; IMO, they were always going to come back to a share issue backed by the owners

That STV article says a lot of sensible things. The costs of regulation, for example, can be saved if they delist completely.

It should also be said that they are looking at listing on alternative markets, which might be more appropriate for them. They mentioned the one that Arsenal are on.

[Deansy]

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Doesn't seem as if they want to go private.

http://sport.stv.tv/football/315947-...d-new-adviser/

Liked this bit:-

. this resulted in AIM receiving more complaints about the company than any other company on its exchange over the last year.

What would these 'complaints' consist of - financial-performance, individuals on the board, actual matters on he pitch ?. I've never heard of companies' being complained about to the markets and what action can be taken if the complaints are valid ?

[CropleyWasGod]

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What would these 'complaints' consist of - financial-performance, individuals on the board, actual matters on he pitch ?. I've never heard of companies' being complained about to the markets and what action can be taken if the complaints are valid ?

It will be Tic fans at it, for the most part.

[tamig]

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Read that link I just posted. Their statement is quite comprehensive.

Basically, though, it was all the old board's fault.....

Just catching up on this. I thought DK announced in the wake of the takeover that he had a new Nomad lined up. What happened there then?

[PatHead]

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What would these 'complaints' consist of - financial-performance, individuals on the board, actual matters on he pitch ?. I've never heard of companies' being complained about to the markets and what action can be taken if the complaints are valid ?

Wonder how many of the complaints were made by King and the current board against the old board. Bet you a high percentage.

[PatHead]

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Just catching up on this. I thought DK announced in the wake of the takeover that he had a new Nomad lined up. What happened there then?

He lied?

[Phil D. Rolls]

How will this play out with the SFA? Is it the excuse they need to bury their head in the sand?

[Bostonhibby]

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How will this play out with the SFA? Is it the excuse they need to bury their head in the sand?

If every nomad in the UK came out and said they were too hot to handle and dave's 46 minor indiscretions with the south African courts meant that no one would be prepared to be their adviser the SFA would still manufacture him through their fit and protestant person test.

[CropleyWasGod]

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Just catching up on this. I thought DK announced in the wake of the takeover that he had a new Nomad lined up. What happened there then?

I reckon he had someone in mind, but no more.

Once they had a look at things, they probably bolted.

[fat freddy]

Jack Irvine, spokesman for The Easdales, saying that they are considering legal action against Rangers as the delisting will affect the value of their shareholding.

[CropleyWasGod]

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Jack Irvine, spokesman for The Easdales, saying that they are considering legal action against Rangers as the delisting will affect the value of their shareholding.

Pretty pathetic IMO.

But hey. ....it all adds to the costs :)

[Weststandwanab]

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Pretty pathetic IMO.

But hey. ....it all adds to the costs :)

Did you really expect anything less ?

[fat freddy]

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Pretty pathetic IMO.

But hey. ....it all adds to the costs :)

Old New Rangers board to sue New Old Rangers board...there's a headline in there somewhere for tomorrow's papers... More likely it will be dressed up as Bitter Vanquished board seek to destroy Glorious Saviours

[Mr White]

Is king possibly trying to squeeze the other major shareholders like the easedales and mash by making it harder to trade the shares.... waiting a while and then offering below value to buy them out?

[tamig]

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I reckon he had someone in mind, but no more.

Once they had a look at things, they probably bolted.

Had Sportsound on on way home. That was their consensus. His chosen Nomad did their due diligence and decided to decline his offer.

[CropleyWasGod]

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Is king possibly trying to squeeze the other major shareholders like the easedales and mash by making it harder to trade the shares.... waiting a while and then offering below value to buy them out?

It's possible, but might be a bit daft.

He'd be better served by putting his money into new shares, rather than existing ones.

[Mr White]

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It's possible, but might be a bit daft.

He'd be better served by putting his money into new shares, rather than existing ones.

He'd be glad to be rid of anyone who has had or would hope to have some power at ibrox though no? I'm assuming he's ego driven and power hungry in the traditional rangers manner.

[ancient hibee]

He doesn't have to get rid of anyone he does need to put money in-no sign of that yet.