Hedge fund acquires 5% stake in Rangers as club vows to fight Ahmad claim

[forlanssister 3,058]

so laxley put in a million quid for a million shares but took out protection from green personally if the ipo was less than a quid a pop?

 

Not stupid are they? Just goes to show the desperation for cash at the time.

[the gunslinger 3,366]

Not stupid are they? Just goes to show the desperation for cash at the time.

 

not clever enough to get the shares for a penny tough like some.

[forlanssister 3,058]

not clever enough to get the shares for a penny tough like some.

 

True but they well and truly mitigated any potential downside.

 

I'm surprised this deal wasn't listed as a "related party transaction" in the prospectus.

[the gunslinger 3,366]

True but they well and truly mitigated any potential downside.

 

I'm surprised this deal wasn't listed as a "related party transaction" in the prospectus.

 

perhaps it was done this way to avoid that. which begs the question what did they really get for their million.