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ThatsWhyWeirChamps

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Everything posted by ThatsWhyWeirChamps

  1. ThatsWhyWeirChamps
    I assume it's just a figure which hasn't been updated. I think that's the shares subject to lock-in.
  2. ThatsWhyWeirChamps
    How do you reconcile that with this, Ally? http://rangers.co.uk/news/academy-news/item/6147-kids-will-get-chance I have more chance of playing in a title-winning Rangers squad than Emilson, why on earth would you play him ahead of one of our young players? If Gasparotto is 5th or worse in the pecking order in League One, how can he reasonably be expected to move up as the team progresses?
  3. ThatsWhyWeirChamps
    Edit .
  4. ThatsWhyWeirChamps
    http://www.companylawclub.co.uk/topics/authorised_capital.shtml http://www.rangersinternationalfootballclub.com/share-information
  5. ThatsWhyWeirChamps
    Pretty certain there's no requirement to have an authorised share capital.
  6. ThatsWhyWeirChamps
    There aren't any unissued shares. 0. None. This is an avenue which was already investigated by an RST board member. Pretty sure it also says there aren't any shares held in treasury on the Shares page of the official website.
  7. ThatsWhyWeirChamps
    The available shares, which were unsubscribed, were scrapped. At no point post-IPO (when the shares became reality) did the shares exist.
  8. ThatsWhyWeirChamps
    It means they have the right to have a share issue, but not the right to have it closed off to only one or two individuals. Which means they can't just sell shares to Sandy Easdale at 1p/pop and they can't just offer shares to Dave King either. The entire shareholding base has to be given the right to an quitable increase in their existing holding before anyone like King can be offered shares.
  9. ThatsWhyWeirChamps
    Only one of them passed.
  10. ThatsWhyWeirChamps
    It would. It's a power which has to be renewed at each AGM, is it not? In any case, there aren't any unissued shares.
  11. ThatsWhyWeirChamps
    The unsubsubcribed shares were scrapped. At no point was RIFC plc carrying unissued shares post-IPO. An RST board member has already previously tried to go down that route post-IPO.
  12. ThatsWhyWeirChamps
    The board responsible for the listing forfeited the balance of 11m shares which were unsubscribed. I repeat; there are no unissued shares. *
  13. ThatsWhyWeirChamps
    I know there are those who are reluctant to re-sign old players, but Boyd has proven he can score the goals to win you titles. I'd have him back. He wouldn't cost much and he's actually a better player than the one who left.
  14. ThatsWhyWeirChamps
    There aren't any unissued shares. This is good news. Well done to the RST board, and long may it continue.
  15. ThatsWhyWeirChamps
    That stance makes no sense to me. Is them not being rich more important than the long-term success and sustainability of the Club? Any new share issue must be offered to existing shareholders first, that means the "spivs" (really dislike that word) get the chance to proportionally increase their holding before anyone else gets the chance - including King. There won't be a new share issue until the controlling shareholding block can find a way to hedge their losses. That will be in the form of a director, or connected party loan secured over Ibrox. As an example, they will loan the Club £2.5m with a £2.5m arrangement fee to be repaid when ST money comes in, or repaid across the year or across two lots of ST money etc. Either way, there's pretty much no benefit to having a share issue for the controlling shareholding block at this stage. For me, worrying about them getting rich is closing the stable door after the horse has bolted and went on to live a full life before dying of old age. That ship has sailed and subsequently been decommissioned. The second we allowed these shareholders to buy the Club, them making money one way or another was guaranteed. It may be unpalatable to some to buy shares from them, but the fact remains they bought the Club, The only shareholders remaining who got shares for less than 50p is McCoist, so right now each and every single shareholder is sitting on a loss - the BPH consotrium included. Fans have to step up, and ggrab a greater say in the Club. We have to make sure that the long-term success of the Club is at the forefront of everything the Board are doing and that share price is a distant second.
  16. ThatsWhyWeirChamps
    Any shares that become available? If the money is there, you can start to seek out shareholders to buy from too. And failing that, you can buy the proxy of institutions until more shares do become available. In any case who, when and where they are bought from is irrelevant, what's important is who buys them. That should be fans and it's fantastic to see guys like Gough and Rae take an interest in it.
  17. ThatsWhyWeirChamps
    http://www.heraldscotland.com/sport/football/former-rangers-players-gough-and-rae-back-scheme-to-hand-clubs-supporters-power-at-ib.1392030197
  18. ThatsWhyWeirChamps
    I'm happy to say nothing. As I've said, I don't want it to be about personalities. But so long as there are people questioning mine, and guys I would call my friends' morality, calling us liars, calling us deceitful, duplicitous and all other manner of insults then I'm afraid I have no choice but to prove that's not true.
  19. ThatsWhyWeirChamps
    The CIC certification is dated 4th of October. The Secretary and Chair were briefed on the process on the 7th of September. Prior to that, it was a basic ltd company which was about to apply for CIC status. As I've been saying, this is a pointless trail of information anyway, formation of a CIC is part of the exploratory process which the RST board tasked them with. The CIC in question is obsolete. As part of that briefing, and previous briefings, they were informed that lawyers were about to start seeking out potential investors. As per the below dated 7th of September. We can keep going round in circles, but there's really nothing underhand to be found.
  20. ThatsWhyWeirChamps
    If you're going to do nothing - say nothing. At least if you say nothing he can continue to be listed as a deranged, bigoted crack-pot. Releasing this statement did nothing but validate him.
  21. ThatsWhyWeirChamps
    Also, as I mentioned on Twitter earlier, just how brilliant would a "Treble" be? Perhaps the best wind-up for a long time if we manage it!
  22. ThatsWhyWeirChamps
    Massive opportunity for us. Up there with our greatest triumphs if we can pull it off. The draw has been incredibly favourable, and I only hope we can take our chances. ICT and Dundee Utd being drawn together is good for us, and I also have a sneaking suspicion that Dumbarton might knock Aberdeen out too. Aberdeen's cup record against lower division sides is atrocious. I'm not banking on it, but I just have a feeling. In any case, I'd fancy us at Ibrox against any of the remaining sides. McCoist has a real chance to further etch his name into the history books. This has been a very good weekend for Rangers - perhaps the most positive since before admin even. WATP!
  23. ThatsWhyWeirChamps
    I'm giving you the relevant facts. But here's what you're being asked to believe; An exploratory committee was instigated by the RST board. And the 4 board members tasked's only intention was to ditch the RST. That exploratory committee of 4 people got another 5 or so individuals involved to hep with this process (all RST members). Their strategy for doing that, incredibly, was to get the 5 individuals to join the RST board (this is the one I find particularly baffling). Some rather reluctantly. Being fully informed, the Chair and Secretary played an active part in this "conspiracy". They set up a CIC with the RST listed as the ultimate benficiary, but intended to go away and do things for themselves all along. The argument is disjointed, and makes absolutely no sense. I'm not trying to make people decide based on personalities, I want people to be informed and make a decision based on whether they think it's achieveable and whether they think it's best for the Club. If you're interested in fan ownership, then all that's asked is you listen to what SDS are suggesting. That's all. There's no complicated deceit and back-stabbing.
  24. ThatsWhyWeirChamps
    I just told you that the Chair and the Secretary were briefed. Seems like the worst cover-up of all time if you ask me. You seem to be making the same mistake as the person in question and overstating the siginificance of a now superseded CIC. It was formed as part of the exploratory process, the Chair and Secretary were briefed - as was the process for the group - the Chair and Secretary were sent all relevant documentation along with a letter of comfort. Again, if the object was to deceive and go behind the RST's back, why bother keeping the Chair and Secretary up to date? Why list the ultimate benficiary as the RST? If it was determined that the CIC wasn't the way forward (and the CIC which was formed WON'T be under any circumstances - because it is limited by shares and not by guarantee), then the company could quite simply be wound-up, as will now probably be the case. It was vital to the process which the group was tasked with that they fully understood what a CIC could do. I'd say corresponding with the CIC regulator on the process is probably the most vital part of that - but what do I know? If you're going to continue to look for conspiracy, I'm afraid you'll be disappointed. The process and model being suggested by SD would be EXACTLY the same regardless of whether the CIC group were still RST board members or not - that we aren't is a complete red-herring.
  25. ThatsWhyWeirChamps
    I was part of the CIC "group" before I joined the RST board, so I'm perfectly aware of and have a personal record of the Secretary and Chair receiving constant updates on progress and next steps. (another question worth asking yourself is why would I bother joining the RST board if the intention was to "deceive" and go behind the RST's back? Wouldn't I simply avoid those circumstances by not joining in the first place?) I don't want to pre-empt the upcoming meeting by revealing lots of information which is now outdated and superseded, because it will present a confusing message, but some time after everyone in the support is perfectly aware of the model suggested by SD, I will reveal the information provided. The formation of a CIC is all part of the exploratory process, finding out the hows and whys. But even still;, here's the process to form a CIC: You first have to form a company. You then have to write to the CIC regulator with a Community Interest Statement - outlining the Community you wish to serve and the purpose/goals of the company. The CIC certification was received at the beginning of October and the Chair and Secretary were briefed on it by email (and, I'd guess, probably by phone even before that) on the 7th of September. The idea there was some active level of deceit is pure fantasy being peddled by one individual. As I've been saying all along, there is nobody on the CIC group with any axe to grind with the RST. The reasons for leaving had absolutely nothing to do with the pursuit of the CIC either.
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