Dragonfly Trumpeter

I never raised fiduciary duty, it was yourself who did that (in a response to my post) whether you know the ins and outs or not. I have no doubt it has no relevance in this matter. You then took it further and again in this post saying "you have rights as a shareholder to hold them accountable." Again, there is nothing re fiduciary care of duty to hold them accountable for. Your point that we are not wise investors but emotionally tied is not in doubt. And certainly not to the directors either. I did not see this as a debate settled in anyone's favour, nor should it be. But given that the current Tesco share price and the Tesco share price 40 years ago compared to RIFC share dealings in the last 18 months and in particular the last 2 weeks is an anolgy that holds for you, it is a debate that ends here. But it has been interesting, thanks.

I thought I was done in this thread but feel it is important to say I did not raise fiducuary duty in this thread and, after it was mentioned, I clearly said that in my opinion it was not relevant with this share issue. So now that I am replying again, I do not think they issued shares to themselves and their buddies at a long settled price and about a week later charged the support a 25% premium, I know they did. The directors went to great lengths to make that abundantly clear, the facts do not lie. Okay, it took around 230 million shares changing hands in a relatively short time before they realised the situation, added the significant price increase and the offer to supporters was perhaps just down to timing lol. Regardless, they can say they got it right because I happily parted with £1000 to support and help my club. As did many others amongst our support.

Your Tesco / Rangers anaolgy effort is clear, no need to quote and remind me. But because you are ignoring the posted facts explaining why this share issue is an anomaly, can you please explain what you mean with your posted gif? Thanks.

Correct. Over half of all existing RIFC shares were basically issued in the last 18 months, all at exactly the same price. Totally consistent up until the last issue, a mere 10 days before this one. So no need to go back a month or even some folks preferred 40 years. Kudos for their business acumen and playing the punters. Fiduciary duty and the price of milk in Tesco 40 years ago do not matter. The support was fleeced because they knew we would pay it, simple.

If you think this scenario of Rangers fans being offered shares in the company at a 25% premium on what a Rangers fans group were allocated 10 days ago is the same as Tesco share values now and 40 years ago, fill your boots. Tesco is over 100 years old as well btw, you could have achieved a more dramatic effect. Who said share prices should always stay the same anyway? The value of shares can go up as well as down. Nobody is under any illusion about share prices and company values. I have commented on it yet happily gave RIFC £1000 yesterday for the obvious reason. It does not mean I have to agree with it and, on this occasion, I think the board called it wrong. But we are certainly free to (or not to) buy shares if we want. And fwiw, I do not own shares in Tesco. That the best you could do was a ridiculous comparison between a supermarket behemoth and our footballing institution, along with all that they entail, explains a lot though. Thanks for that.

It is a disaster, the chances of my backside being on my ST seat during the last weekend in August are virtually none. The 1st Aberdeen game at Ibrox looks like a no for me as well. I will make a number of games against the dross though.

Fiduciary duty indeed, it is a very interesting and important point but it is not simply to maximise whatever gains can be made. The directors have a duty of care to all shareholders. Regardless, it is not an issue here. But if was, would they sue themselves for selling themselves and their buddies around 200 million shares in RIFC at too low a price in the last 18 months? Or from some point in between or even just for the shares they sold to another group of fans less than a fortnight ago? Perhaps they were simply being benign and generous to themselves and the rank and file were an easy target for fleecing. Is it even possible they wanted 30p but decided that the ST holders paying an unrelated £20 million to the company for absolutely nothing in the last 12 months was worthy of a bit of benign generosity as well? Maybe it is the other way and they wanted the issue to be at the same price as the previous 230 million shares but not enough of us gave them £150 to get our name on the wall in Edmiston house and this 5p fills the void. Simple answer is none of the above, obviously. My joking and sarcasm aside, they are at it. Primarily because they know they will get away with it and us gullible punters will gladly pony up due to the emotional ties with and love we have for the club. Next they will be telling us it should have been 26p but they are absorbing the costs. I should add I am a grateful for their efforts and supportive of our directors even though I think they called this one wrong. That is why I gave them a further £1000 yesterday rather than £1500 planned. edit: A classic case of not finishing the thread and Bluedell's 2 further posts before posting this similar reply. Sorry ?

Given the level for the heavy-hitters previously, I am not sure if pricing this issue for fans at higher than 20p would be seen as a wee bit off or taking the piss. But I am also realistic, given where we are as a club now with 55 done and the CL options immediately ahead. My intention is to put in £1500 tomorrow but if it is 30p, I may be swayed towards the piss take view to be honest. Not staunch, I know, but I could easily think of something else to spend it on and stick on my current tiny shareholding and our name checks in Edmiston house. So they will probably go for 25p and cause me some thought lol. I used to be indecisive, now I am not so sure ?

Aye, if only we could match them and pay our main players £75k a year as well ?

More chance they are delaying their managerial announcement because nobody half decent wants the job at such a basket case club...

Liam the sheep's commentary did not survive but, absolutely, ten man celtic deserved more goals. That Sportscene offering reached desperate levels - even for that rancid organisation. Their pain is very satisfying though.

I can be a bit critical of Ryan Kent at times, often feeling we do not get enough out of him for the ability he has. Today we got it in spades, comfortably man of the match for me.

I paid both of ours for 2 seasons last year, don't see that option in the poll ? A heavy financial hit but it is our club.

If you are in no doubt we'll need to score at least once next Thursday, then we need to score at least 2. However, I will accept the 0 0 that would see us not scoring but getting through ?

"Morelos ensures Rangers avoid the traditional January wobble" is fair enough if tradition covers a couple of years. Rangers, traditionally, were strong league performers when winter came around and the first 2 or 3 month period of the new year was often our best spell in league campaigns.

Very considerate of Mr Kamara, saves Frankie the hassle of posting a motm thread. A stunning performance in a strong team showing. Very comfortable for Rangers really, even though I was nervous as hell for the last 10 mins simply because we were not out of sight.

I couldn't decide between McGregor and McGregor. But I think Callum should get it for his vital contribution and fulfilling his boyhood dreams. So I voted McGregor.

He certainly is, assurances are in order. Don't let players go to the boozer in groups of 8 whilst on Scotland duty and declare Ash Taylor's wife a good looking woman. That should keep him happy.

Kamara for me. Barisic did some wonderful stuff during the game but he was caught so far out of position a few times (without cover) and could have cost us big time.

Infant kits are now available, sizes 2-3 & 3-4 years. Still a wee gap until small boys so not all youngsters are covered, but it will help some folk out. https://shop.rangers.co.uk/collections/home-kit/products/rangers-home-full-kit-toddler-playing-kit

The club do not give a shit, the only shit they give is the shit service to the support - after we have paid our cash. I also got a Rangers TV access code today, they even managed to drop the "friendlies" out of the bog standard email that all other ST holders received over a week ago. No doubt because they missed them, we were an afterthought and probably due to someone finally reading the messageboards as you mentioned. But I honestly did not think they would go to the bother of altering the email text, kudos to the club! But it did come a day after their begging letter. Perhaps they felt guilty but rest assured, we will not be taken for granted lol. The way forward may be to not claim any refunds and simply tell them it is because they put VIP in the email? That would reassure them re their overall competence and client relations. "Clients that are in a position to allow outstanding funds to remain within the club will be providing a hugely beneficial level of support which will be greatly appreciated, especially in the current challenging economic environment. The opportunity to work together during this unprecedented time will have a positive impact upon the club and will not be taken for granted." Refunds will be issued on a monthly basis, for example: August 2020 Refunds for the two home fixtures in July and then fixtures in August 2020 September 2020 Refunds issued at the end of September 2020 October 2020 Refunds issued at the end of October 2020

There are certainly no reasons I can think of why they have not done what was promised and due, we paid our money up front for 2 seasons. But the lack of a RTV code for the punters is minor and the least of their worries.

I have also been in B72 from day 1 and the 3 year sub to pay for it. And your piss-take is excellent, only surpassed by some Rangers FC staff. I am, however, glad your ongoing experience is excellent. I sent you a pm.

Sadly, I think useless and incompetent does not even come close to covering the absolute shambles that is Rangers hospitality. As promised, season ticket holders will be provided with complimentary access to both pre-season friendlies via RangersTV as well as all SPFL Premiership home league games whilst we play behind closed doors. They missed out "Not" at the start of that, the latest in a line of failures from the hospitality staff. £6.5k for a pair of tickets and no communication re games. Do they expect us to beg for a tv code? Hopefully they get even more pissed off with us and fire us back to the ticket shed staff for service. That would be good.

An email in today, I see Rangers have decided to be flexible now, with a week to go until the B72 renewal deadline. I wonder why that is... Dear VIP Hospitality Client I hope you and your family are well through what has been an incredibly challenging time and are looking forward to returning to Ibrox as soon as the advice allows. We are very much looking forward to welcoming you back as soon as possible, and here, work is continuing across the club to ensure we are best-prepared for the challenges to come both on and off the park. Everyone at Rangers was thrilled to secure the services of Ianis Hagi and Calvin Bassey recently – moves which were financed, in no small part, by supporters renewing their seasonal hospitality and season tickets in such fantastic numbers, with more names set to follow. The closing date for renewals, if you haven’t yet renewed, is Monday, June 15. Given the extraordinary circumstances we find ourselves in, we are pleased to offer two flexible payment options for the upcoming campaign, those being: Pay 50% now with the balance due at the end of October 2020. Pay a 25% deposit followed by six monthly instalments, to be paid in full by December 31, 2020. Following the deadline on June 15, we will be unable to guarantee your VIP seat for the 2020/21 season with clients on the waiting list having an option to purchase. In the meantime, everyone at Rangers sends their continued good wishes as we begin to emerge from this unprecedented period. Kind regards Commercial & Marketing Department