forlanssister 3,050 Posted February 7, 2013 Share Posted February 7, 2013 Imran's loan is akin to loan-sharking. The cash dried up and they had to get finance. Did so at an exorbitant rate. Again, though, Imran provided the loan, not the ST books, correct ? The ST books probably will repay it though, unless of course we get our other streams of revenue up and running appropriately. Imran's loan was for the £200k exclusivity fee, check the date given in the prospectus. On 11 May 2012, Imran Ahmad, a director of RFCL, provided a loan of £200,000. £178,000 was repaid on 15 August 2012 and £22,000 was converted into ordinary share capital of RFCL. Imran Ahmad also received an arrangement fee of £50,000 relating to this loan Stockbridge's overnight loan however shines a light on how serious the cash flow was and how close the shit came to hitting the fan. On 6 August 2012, Brian Stockbridge, a director of RFCL provided a loan of £50,000 to RFCL. No interest accrued on this balance which was repaid on 7 August 2012. Brian Stockbridge also received a payment of £30,000 for the period from 14 June 2014 to 31 August 2012 with respect to his consultancyservices as a director. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 some bill or other that had to be paid but cash wasnt there. as i say no wonder bk made the bid he did. 0 Quote Link to post Share on other sites More sharing options...
ComeOffit 0 Posted February 7, 2013 Share Posted February 7, 2013 The first month's wages were paod by a loan ? I didnt see that, can you clarify please ? It was in the initial allegation from thompson. The club deemed it "unworthy of comment", in both statements they made. Commonly known as sweeping under the carpet. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 7, 2013 Share Posted February 7, 2013 It was in the initial allegation from thompson. The club deemed it "unworthy of comment", in both statements they made. Commonly known as sweeping under the carpet. Thomson now casting doubt on exactly how much cash was raised. Well – let’s see how much cash has really been raised and how much is promissary notes and all manner of other forms of not-all-that-hard-cash-at-all, to make up the fabled £20 million or more. http://blogs.channel4.com/alex-thomsons-view/rangers-public-wrangle-400000/4098#more-4098 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 dont we know the shares have been issued? if so are we suggesting people got them without paying? 0 Quote Link to post Share on other sites More sharing options...
ComeOffit 0 Posted February 7, 2013 Share Posted February 7, 2013 (edited) Thomson now casting doubt on exactly how much cash was raised. http://blogs.channel4.com/alex-thomsons-view/rangers-public-wrangle-400000/4098#more-4098 I too have my doubts that we have £22m sittng in the bank waiting to be spent. It's been over 6 weeks now and have we actually spent any of it yet, apart from on running expenses? The real test will be when the transfer embargo is up, and we see the excuses why Ally doesn't get his promised £10m warchest. Edited February 7, 2013 by ComeOffit 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 rangers better be a lot faster and more forceful and accurate in dealing with this accusation. 0 Quote Link to post Share on other sites More sharing options...
ComeOffit 0 Posted February 7, 2013 Share Posted February 7, 2013 dont we know the shares have been issued? if so are we suggesting people got them without paying? Like green and ahmed then. They got a shit-load for virtually nothing. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted February 7, 2013 Share Posted February 7, 2013 Any business would struggle without it's main source of working capital, the arguement about fans not buying season tickets seems pointless to me. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 Like green and ahmed then. They got a shit-load for virtually nothing. bit different to the ipo in fairness. at least it should be. 0 Quote Link to post Share on other sites More sharing options...
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