j1mgg

Thanks for taking the time to answer Jim.

 

I agree with most of these answers but given what has happened in recent years re: administration and assets, I'd rather avoid such a scenario and risk.

No one would want that scenario, especially after the D&P mess.

Why hasn't an EGM been filed, it is up to the money men now, as has been previously seen, we fans, and even supporters groups have no real power.

1. Bank of Scotland, had a floating charge over all the assets of the company. It wasn't specifically over Ibrox. A Floating Charge is a weaker form of security than a standard security

2. He couldn't

3. The sales process can be manipulated so that the property is sold to the creditors preferred buyer. This might be difficult to do with such a high profile asset as Ibrox, but who knows? A slightly different situation but see today's sale of one of Ashely business to another of his companies. If no acceptable offers are received a creditor can foreclose and take title to the asset himself, though this is quite rare.

4. Nothing, but will the board accept such an offer?

5. I don't think this will work, as far as I can see the SFA are concerned with who controls the club, not just who officially owns it

6. no

Thanks, answer a lot, especially the floating charge as I thought that was worse than security from a description from google.

it is a special kind of cunt that makes excuses for ashley while he tries to steal our home.

Can you answer any of the questions I have asked, or is this your normal reply.

It is easier to digest when I have facts rather than made up rubbish, like MA wouldn't own Ibrox if we defaulted on the loan, as has been previously stated numerous times on here but still some people still peddle it, doesn't make it any easier though.

As I have said, The three bears can also do the suggestion i have said.

You have just answered the preceding question.

There would be nothing stopping Park or anyone else bidding

There is a few questions here

Have we used Ibrox in the past as a source of funding, as I have been told Lloyd's had a floating charge, although I believe this is slightly different.

MA would only have security over Ibrox, so how could he do a leaseback

If we did default, even then MA wouldn't own Ibrox and it would be sold to the highest bidder.

Is there anything stopping the three bears saying they will loan £12m, £6m just now to be converted to shares at a later date, and a further £6m in February to be secured against Auchemhowie?

I firmly believe this will be MA ways of controlling the club, if he can't get it by buying shares he will do it by having security over everything, and going down the Newcastle way of loaning us money with no interest and long payback terms

Do we know what the finer details were of both loan offers?

Posted on another site

Glenmuir 1.0m shares

Norne Anstalt 1.2m shares

Putney Holdings Ltd 700k shares

Gorbon Limited 1.55m shares

Asia Credit Corporation (Chris Andrew Morgan) (Rafat Rizvi) 400k shares

Eurovestech Plc 600k

Insight Investment Management (Global) Ltd unknown holding

BPH is Hazem Nabil Houssami 4.43m shares 5.43%

Margarita is BC Abela. 2.6m shares 3.19%

Sandy Easdale 4.24m shares 5.21%

I have read that people with 1% or more worth of shares have been asked to make themselves known.

Not been able to read it all, but can only guess this will be to do with a bid.

Kieron Prior has complied and just has over 1%

River & Mercantile has 5.77%

Hopefully more to follow and find out who has been backing who.

Bringing back Ally would be a massive own goal.

The hope would be that a manager has already been chosen a month ago and has been doing his work and knows straight away what he wants to do with players coming in, leaving, and such.

If that isn't the case then we won't have.much change by the end of the window, maybe a few panic buys, but not enough I think to even get close to hearts, and possibly fighting for that 3 rd place.

We need to move towards the future and I believe that requires no more jobs for the boys, in all positions.

King needed to buy out shareholders to get his goal, and the thing about not wanting to give money to investors, the majority of investors he would be stealing from as they will of paid a lot more for the shares that what he has paid them.

He will need to carry on buying out other shareholders to get a firm grip on the club as well, or he may still lose crucial polls against other shareholders.

Still a lot more work to do, and although I haven't liked how he has been doing stuff in the past, he has now stumped up and bought shares.

I just hope when they get directos on the board they think long and hard about who they put there.

I think it would be a blessing as it would let them know where everyone stands.

As you say, it wouldn't be a huge price per share, and a lot less than some people paid. I know the money won't go to the club, but getting a good majority shareholding is also important, and basically for peanuts.

What shares are still available, big players

BPH

Margerita

MA

Edit

MASH (Ashley) 8.9%

River & Merc 7%

Blue Pitch 5.4%

Sandy Easdale 5.2%

Margarita 3.2%

Letham 4.0%

Taylor 9.3%

Park 6.1%

King 14.6%

Can anyone elaborate on this

"Have just read on Twitter that as Letham, Taylor and King have previously been in a consortium together the concert party rule will come in to affect now. Which I believe means a bid for full takeover must be made."

Was posted by someone else by it would be good to know if true, and the good and bad points if it is?

Can anyone elaborate on this

"Have just read on Twitter that as Letham, Taylor and King have previously been in a consortium together the concert party rule will come in to affect now. Which I believe means a bid for full takeover must be made."

Was posted by someone else by it would be good to know if true, and the good and bad points if it is?

I have an inkling that Brian Kennedy will purxhase the shares off of the rivers group, just that feeling.

I am seeing a rumour that Dave King has purchased Artemis shares

"Dave King has purchased just under 12 million shares from Artemis. Equates to 14.57% of club."

What a load of rubbish this is, I don't even think they could afford £20m

The way forward is to tighten the purse strings.

I don't think this man has anything to gain by telling lies.

Listen lads some guys have raped this club for millions and in order to prop up the price of their 1p shares i'm going to need you to take a 15% pay cut.

 

Scandelous

Never thought you would ever say something bad against Ally

Obvious place to start to try and save money.

Guess we will have to try and off load players through loaning them out if the other clubs are will to pay more than 50% of the wages. League is tied up already and give the youngsters a hood amount of games on the run.

It looks.like he doesn't believe we have enough players after us not filling the bench yesterday.

I am not a twitter user and don't follow the accounts on there, but what I have always wondered is why you would slip in some fakes if you have the real deal. I would if thought it would be all or nothing, possibly the odd bunch of real followed up by a constant stream of fakes.

If they aren't good enough to even get on the nemch against this sort of opposition then they should be released and more serious questions asked about auchenhowie.

It would t more the chance we have wasted that I am bothered about. Some of the signings have not been needed and basically wasting us tens of thousands a week.

We could of been playing at least 3 youngsters every game and they would have came on. Because we have overspent on players we have been able to hide some of Ally's inabilitys.

Maybe some players can't hack playing at Ibrox every second week, and maybe we can be blamed for wanting instant success from them, but I believe a good management team should get players over this.

Merry Christmas everyone and let's hope something happens very early next year to bring us all together again.