Dragonfly Trumpeter

I doubt very much if T3B have the funds

The stage is very much Mr King's..................

Sometimes it is better to keep quiet and let people guess.

The first point was a question and the emboldened quote that you highlight was merely mirroring the jibe at me by Dave P to whose post #15 I was replying.

 

So far as I am aware up to this point in time, King has not lent or invested any money in the Club.

 

I supported Llambias because of his cost cutting agenda which was necessary; naturally if I had known about the terms of the loan deals I would not have supported him; and indeed have said that he and Leach (if involved) should be held to account for those transactions and that the deals at least in respect of Bigirimana and Ferguson should be repudiated.

 

Upon enquiry, I do not believe there was ever any realistic prospect of King being acceptable under AIM rules and there were also questions over P Murray.

 

Therefore I stand by my opinion that King either made a serious error of judgement or deliberately deceived in terms of his intentions.

 

I agree that the word "guilty" is emotive and accept your admonition in that respect.

So the club lied in their RNS? I find that unacceptable and will be asking Paul Murray why he did so.

The prospective Nomad completed its checks on the "fit and proper" status of the existing and the proposed additional director of the Company and confirmed to the Company that it was satisfied on both fronts.

It is difficult to escape the conclusion that they were not comfortable with the then directors assurances about the going concern basis and it is equally difficult to escape the conclusion that they were correct.

 

I believe I alluded to this likely outcome at the time.

I do not remember you alluding to that, was that when you were getting stuck in to men like Bennett, King and Murray? Or was it when you were supporting and voting for the lamb and the leech, hoping to keep them in position as directors to further shaft our football club and wreak even more havoc? I tried the search option but it was all over the place.

I am , however, not too unhappy that Deloitte LLP came to that conclusion, even though the non-declaration by the former directors poses another serious problem for our club. Because sadly, I reckon there will be much worse to follow when the full extent of the damage done by our former directors comes to light.

Because I was told he had by the likes of yourself. Let's see then.....

If he has the money then Vuckic is the type of player we should be signing I.e. a young player with resale value

Really? Signing an expensive player on English premiership wages is what we should be doing?

Wrong market, totally.

Isn't DK going to put in millions as he said ?

DK does not have any money, you have posted that hundreds of times yourself.

So why even speculate?

32,682 is a healthy crowd considering the tripe that has been dished up since the start of the season , I fear a lot of fans have given up the ghost and we wont see many 40,000 plus crowds again

There were never 32,682 people in yesterday, nowhere near it. Not even decent for ticket sales and way over the top with regards to folk who actually went.

The football has been pish for a long time, people are not going. Simple.

The same day Sport Direct lawyers made an application to the Companies Court in London seeking the following -

1/ That the Claimant shall not comply with the request of Mr Mark DIngwall by letter dated 3 February 2015 for a a copy of the Claimant’s register of members.

2/ That they “shall not comply with any future request (whether made by Mark Dingwall or any other person) to inspect the Claimant’s register of members or for a copy of that register where the only purpose given for the request is to enable members to be contacted, without identifying the subject matter and purpose of such contact:

3/ Mark Dingwall do pay the Claimant’s costs, such costs to be assessed if not agreed.

The hearing is set for 11.30 on 14th April.

Given that this is rather a passive thing, reading the headline makes you think that SD are going to sue Dingwall. Hence, it is "a bit" misleading.

Ok, whatever you say.

The headline is a bit misleading, I'd like to remark.

Which headline is misleading?

Yes, if it's a rights issue.

 

But it seems to me that between £10m and £14m (implying a price between 25p and 35p) and isn't nearly enough for the next two seasons.

 

They may need a new open share issue as well.

 

Interesting that

 

 

when I believe King said he had one lined up?

Did King say he was now trying to get one willing to approve him or who said it? I missed the quote.

why does there need to be a return on the money or of the money? theyhave not talked to anyone since mccall. they have had far more than two weeks. you do not need to stated they knew the money would see no return and that they expected none,so whz the need for shares?

 

why put in as little as pos they have stated already how much they are willing to put in. do so and structure the financies from there to suit. any extra needed can then be raised and earmarked for a cause

as far as management they have not spoke to anyone since mccall.they have had far more than two weeks to arrange a plan. financies comes with needing to be in situ the plan for the structure should determine the amount needed not the other way round.thats money for new not to cover bills.

 

they should have had a plan for or future already decided with costs seperate from what the day to day will cost.

 

 

youth needs completely scrapped. they dm not work to the correct aims and goals. the mentality is completely wrong with no clear parameters to judge success. what are they tryhng to succeed at? its not getting x amount of players into firrt team in x time frame and its not for getting a return on outlays. fitness has always been poor along with technical ability. we cant even take corners.

 

 

appologse for structure and spelling phone will not let me scroll ro typing blind

Why does there need to be a return on the money or of the money? Really? Do you seriously expect guys (3Bs + DK) who own app 35% of the company between them to 'gift' money to the club just because it needs it? Eg, gift £10million to the company when Ashley owns near 9% of it?

The finance plan you speak of needs time, as has been explained.

Is he the acting CEO and Finance Director as well?

Give us a break, GS, he's not even suited to be Chair never mind anything else.

Even from a man who wanted to keep the Lamb and the Leech and tried to justify their actions in the Rangers boardroom, that is quite incredible.

if you can do a loan for £1.5m over a year whats stopping ten mil over 25years?

They could but they do not want to lend the club money at all. They want to put in equity. That needs to be done in the correct manner and takes time.

This loan was only given because funds were needed now.

until long term funding options can be looked at?

 

im confused i thought the whole point of getting them on board was their cash was our long term funding plan. why the delay? the support have done their part time to pony up.

Because they want to put in equity and re-finance the business. Direct funding into the club can only be done in the proper manner. Expect the rights issue for the un-issued shares to happen shortly.

Then the real work will begin.

Hard to see how £1.5m replacing £5.0m will see us through till 31/12/2015, even with ST money coming up.

 

The end of December would not be a good time to have to find £1.5m if the loan were still to be outstanding at that time.

 

Could this be used to replace part or all of the first tranche of the £5m (even if it says "working capital")?

 

Looks more like "good faith money" to me than any significant contribution to our ongong financial propblems. Or perhaps it's the amount we need to get us through till the ST money starts to come in.

 

One assumes also (that unlike Hibs) Rangers will want to know what divison we are playing in before pricing the ST's.

It is probably as simple as it is self explanatory. To provide the Company with time to deliver a longer term funding solution. Pay this month's salary run and have the rights issue for the unissued 41m shares. Then have a proper sort out when the wigs have bailed.

No interest or fees though. Poor show by RIFC director's standards, as the heroic Lamb + Leech showed. If only they were still there.

I do not have a problem with it. And it shows their class, which is nice. Gutter level.

Pardon my ignorance, who's Sinnamon?

I thought Simonsen was spelt incorrect until I saw him on the end lol.

An excellent, young, prospect at full back who has been getting rave reviews for his performances for quite a while.

So no chance then.

Provisional squad: Bell, Wallace, McGregor, Zaliukas, McCulloch, Mohsni, Shiels, Clark, Law, Hutton, Miller, Boyd, Daly...

Aird, Black, Sinnamon, Murdoch, Smith, Walsh, Templeton, Wilson, Robinson, Simonsen.

No Halkett, Gallagher or Crawford. Plenty of the same old diddies though.

I am just a bit concerned that I do not have a busy schedule this week and I think I will actually give up another 12 hours of my life tomorrow and attend the game. I expect to be one of less than 20k in the ground if I do go.

Not sure if I need the Samaritans, a shrink or possibly both.

This guy has made millions out of Rangers by being a dire footballer. It sickens me that he has been able to hang around our club for eight years and has contributed nothing.

 

He scored a goal in Lyon - wow !!

In all fairness, he did score a decent goal against Timothy as well. So he has actually contributed twice in 8 years.

Probably the biggest waste of money ever at our club. And still sucking the tit.

Fury got where he is despite generous and prolonged support for Craig Shyte in the past - and that was very relevant to us.

So I do not see him having a problem with this mere Mohammad retort.

It's a really big ask of McCall and I'll give him credit for talking the job on. He's on a hiding to nothing.

 

I really don't expect to go up this season. Theirs too much wrong with the team and not enough time to fix it. If he can raise our game and make us actually look like a football team then I'll be happy. And I'll give him a crack at next season if he does.

Credit for taking it, a hiding to nothing? Never. The blame is cast and the expectation shattered.

So It is win - win for McCall, a no brainer because he cannot fail. A hero turning it around and getting us up or unable to rescue the M&M omni-shambles.

A couple of percent

 

Yet this cretin claims it as a personal triumph

I don't think any Rangers supporters voted to keep the Lamb. And at the egm, apart from Ashley, only 1.33% of the issued shares wanted to keep him.

I think for evidence of that you need to compare pre and post McCoist resignation attendances.

 

For evidence it was the boycott you need to compare pre and post EGM attendances.

 

Your second statement looks a bit weird when you consider McDowall's record - how can we have far worse results after the worst manager in history left? It doesn't make sense.

 

McCoist certainly wasn't up to scratch but I really don't know why people have to exaggerate to the nth degree ignoring all facts and reasoning.

Shit against Malmo, his 1st challenge, and got worse. Results don't lie, and he was very, very consistent.

McCoist's only successes were - his salary and the penny shares he got for his soul. The guy who backed Greenco for pure, personal wealth to the massive detriment of our football club.

They too see what we see and that is team that is floundering. A team that couldn't beat their way out of a wet paper bag. I think they (the new board) have probably resigned themselves to us staying in the Championship next season. Hence the lack of urgency.

I really do not know who could/would come at this late stage. How could anyone improve the feeble and inept bunch of "players" that currently constitute our team? I fear there just is not enough time for any manger/coach to make a difference this season.

I am not so sure. But they have been in place for a day now so maybe you are correct.

I don't see why to be honest. I don't see what is wrong with a guy saying I see your name on the board here wherever it is hung. I see it as more of a compliment to Parlane that he specially phones him up to tell him he is looking at it. That some people are hung up about giving it it's full and proper name is their prerogative.

I don't know who is playing Centre forward at the weekend, does that mean I can't discuss it? it is only my opinion I don't expect everyone to agree with me.

You don't see why to be honest?

I have no idea what board is meant or what the HofF board is.

That is what I replied to and why I suggested perhaps you should have ignored it. Granted, I now see why you don't see why.