Generic Sevco / Rangers meltdown thread

[Famous Fiver]

Pretty sad that such a rancid institution is sitting second in the Scottish league. Borrowing money hand over fist from individuals and nowhere near Fair Play regulations. Fancy footwork needed to shoehorn them into European football next season.

SFA and SPFL choose to ignore it. Shows how bent and corrupt our powers that be are.

[CropleyWasGod]

Resolution 11 has been defeated.

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[Treadstone]

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Resolution 11 has been defeated.

Super Ally getting the heat of Traynors breath via the Level 5 view as charitably covered by what passes for the nations print media.

[northstandhibby]

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Resolution 11 has been defeated.

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Is that the one attempting to offer shares without offering them to existing shareholders?

[CropleyWasGod]

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Is that the one attempting to offer shares without offering them to existing shareholders?

Yep. The attempt to sideline Ashley.

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[northstandhibby]

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Yep. The attempt to sideline Ashley.

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Thanks.

I assume its back to the soft loans from the 3 Bears to keep the lights on........

[greenginger]

They got through a resolution allowing them to issue more shares in line with existing individual shareholdings.

I think the board could do a debt for equity swop for some of their loans, but to keep their percentage holding Ashley and the Easdales would have to put in fresh cash.

Would they have the stomach to hand over more money to King and Co. ?

[Ozyhibby]

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They got through a resolution allowing them to issue more shares in line with existing individual shareholdings.

I think the board could do a debt for equity swop for some of their loans, but to keep their percentage holding Ashley and the Easdales would have to put in fresh cash.

Would they have the stomach to hand over more money to King and Co. ?

If Ashley does put in more cash then it has the potential to increase his power if people like McCoist, smith etc don't put money in( they have only ever taken money out of Ibrox and won't understand the concept of it working the other way).
That means that this becomes risky for King.
3 bears unlikely to put more cash in, they sat out the last fundraising when they had to go to Hong Kong and expected their loans to be converted to equity by now.



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[Marco G]

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If Ashley does put in more cash then it has the potential to increase his power if people like McCoist, smith etc don't put money in( they have only ever taken money out of Ibrox and won't understand the concept of it working the other way).
That means that this becomes risky for King.
3 bears unlikely to put more cash in, they sat out the last fundraising when they had to go to Hong Kong and expected their loans to be converted to equity by now.



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So it could backfire bigtime and the resolution they did want to succeed has failed! Not happy days for them, given they still are spending a lot more than they earn.

[JeMeSouviens]

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Super Ally getting the heat of Traynors breath via the Level 5 view as charitably covered by what passes for the nations print media.

"Who are these people/shareholders?" - fly with the craws and all that.

[lapsedhibee]

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the heat of Traynors breath

Ugh - the very thought of having his pneumostome close enough to sense

[CropleyWasGod]

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"Who are these people/shareholders?" - fly with the craws and all that.

I have a bit of sympathy for AM here.

It was a secret vote, and as such should be kept between the shareholder and the Company Secretary. It certainly shouldn't be leaked to a "newspaper".

And why just him? What about the other small shareholders who voted against the Resolution?

If I were him, I'd be having a word with my solicitor. Tie the *******s up in another Court case, Ally

[JimBHibees]

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I have a bit of sympathy for AM here.

It was a secret vote, and as such should be kept between the shareholder and the Company Secretary. It certainly shouldn't be leaked to a "newspaper".

And why just him? What about the other small shareholders who voted against the Resolution?

If I were him, I'd be having a word with my solicitor. Tie the *******s up in another Court case, Ally

What is the story about Super Ally? Apologies if explained in thread.

[CropleyWasGod]

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What is the story about Super Ally? Apologies if explained in thread.

The DR (yeah, I know) are running a story that suggests that AM abstained in the vote on Resolution 11. Had he voted for it, it would have passed.

[southern hibby]

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I have a bit of sympathy for AM here.

It was a secret vote, and as such should be kept between the shareholder and the Company Secretary. It certainly shouldn't be leaked to a "newspaper".

And why just him? What about the other small shareholders who voted against the Resolution?

If I were him, I'd be having a word with my solicitor. Tie the *******s up in another Court case, Ally

I agree 100% with you. However ( if I'm not mistaken) was it not AM who asked for total transparency in finding out who goes against the Rangers?
So if he took them to court surely he would be seen as a hypocrite.

Ahh never mind AM take them to court, I've called you a lot worse than a hypocrite and it's never done you any harm.

GGTTH

[northstandhibby]

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The DR (yeah, I know) are running a story that suggests that AM abstained in the vote on Resolution 11. Had he voted for it, it would have passed.

Dear Mr McCoist,

You are no longer welcome at your lodge. Please send (not hand in as we do not want you within 10 miles of it) back your blindfold, ceremonial dagger and your trousers with one leg shorter than the other.

Just be thankful we no longer cut out traitors tongues with the dagger. However there is now a curse upon you and your nearest and dearest so expect to be blacklisted from all institutions including our four year old newco.

You traitorous swine.

Best wishes,

The Grand Lodge.

[JeMeSouviens]

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I have a bit of sympathy for AM here.

It was a secret vote, and as such should be kept between the shareholder and the Company Secretary. It certainly shouldn't be leaked to a "newspaper".

And why just him? What about the other small shareholders who voted against the Resolution?

If I were him, I'd be having a word with my solicitor. Tie the *******s up in another Court case, Ally

I agree but have no sympathy. McCoist complaining would be rank hypocrisy ...

http://www.fifetoday.co.uk/sport/foo...eats-1-2272412

[JimBHibees]

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The DR (yeah, I know) are running a story that suggests that AM abstained in the vote on Resolution 11. Had he voted for it, it would have passed.

Ok thanks. How would they know and was it only stopped by one vote?

[CropleyWasGod]

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Ok thanks. How would they know and was it only stopped by one vote?

...because the DR conducted the vote, FFS.

Do keep up.

[HoboHarry]

Tomorrows blogs from Phil Mac and JJ should be a hoot.....

[mvteng]

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The DR (yeah, I know) are running a story that suggests that AM abstained in the vote on Resolution 11. Had he voted for it, it would have passed.

"It is unclear why McCoist failed to vote. If Resolution 11 was passed, it would have seen his shareholding diluted by half"

That's an actual word for word quote from the DR story(Sorry). Unbelievable that anyone (never mind a journalist) could write that

[JimBHibees]

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...because the DR conducted the vote, FFS.

Do keep up.

They do provide an invaluable service for your thicker than average Bear.

[Ozyhibby]

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"It is unclear why McCoist failed to vote. If Resolution 11 was passed, it would have seen his shareholding diluted by half"

That's an actual word for word quote from the DR story(Sorry). Unbelievable that anyone (never mind a journalist) could write that

It's hard to believe that is an actual sentence by a trained journo.



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[brog]

It looks as if Gary Ralston has replaced Jackshun as Traynor's lapdog! Perhaps they think this will give the story some credibility!!

[JimBHibees]

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It looks as if Gary Ralston has replaced Jackshun as Traynor's lapdog! Perhaps they think this will give the story some credibility!!

Is there not a whole raft of tabloid media sorts that used to work for Rangers news?

[brog]

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Is there not a whole raft of tabloid media sorts that used to work for Rangers news?

I believe so but didn't think Ralston was one of them. I've no doubt someone more knowledgeable re MSM will enlighten us.

[Alan62]

Maybe they didn't know what 'diluted' meant.

[Hibby70]

Maybe diluted and half are two negatives meaning a positive.

[oldbutdim]

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I believe so but didn't think Ralston was one of them. I've no doubt someone more knowledgeable re MSM will enlighten us.

He started his 'professional career' at a Hunzine.

[JeMeSouviens]

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He started his 'professional career' at a Hunzine.

... and hasn't got any further.