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King Could Face Probe Over Share Price Fixing Claim


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The day GW was appointed the share price was at 42p.

The day he delivered the business review that appeared more 120 hours than days in substance the share price was 21p.

 

Re. Timing / credit card snub

 

The business review said..........

The Board believes that one of the major factors influencing the merchant acquirer to change its terms

was the extensive negative coverage of calls in some quarters for supporters to refrain or delay

purchasing season tickets.

http://www.rangers.co.uk/images/staticcontent/documents/RangersBusinessReview.pdf

 

Last week GW on twitter said........

GW: Just to be clear, fans were not blamed for the withdrawl of the credit card facility.

The review said that negative comment in the media was a factor in the Club's credit card provider seeking security over Ibrox.

 

 

When will the board start taking responsibility and stop blaming other people ?

"Stockbridge is great"............................................"it's all his fault"

"The fans are great"................................................"it's the pesky fans fault".........................................."we didn't say that"

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Dave King under FCA investigation due to "potential market abuse" over his season ticket fund according to today's Sun.

1h

The report goes on to say that the complaint didn't originate from within the Club.

 

 

no doubt it came from someone friendly to the board but thats fair enough. wallace has been reported when hes lied etc.

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wasnt it actually about 25 and dropped 4p on publication?

 

Could well have done GS.

Just remember it being at 21p on the day.

 

So if GW had bought shares on the day he joined, by the time he published the the business review (world record/longest timescale in relation to shortest document) he'd have needed a 100% increase in share price just to get back on an even keel.

 

That 100% figure figure follows Mr.Wallace around :rolleyes:

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