calscot 0 Posted August 29, 2014 Share Posted August 29, 2014 Penny shares just seems like corruption to me, and a total con. Can you imagine asking someone to go into business with you and they are supposed to put £100,000 in while you put in £1,000 but you now own 50% of the company each. Not only that, since you are responsible for raising the capital you get a bonus from the company of £10,000 plus over priced wages and expenses and onerous contracts for you mates (with kickbacks of course)...? So you're now about £20k richer with half the shares of a company now worth about £50k. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted August 29, 2014 Share Posted August 29, 2014 Don't think there is for mere plebs like us but the Board will be aware of who voted for what and exactly what they need to do to push it through this time round. Disapplication of pre-emptive rights is a pretty standard motion in PLC's and I've voted in favour of such motions many times however those companies had boards that could be trusted, we're a million miles away from that. Thanks. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted August 29, 2014 Share Posted August 29, 2014 Ibrox will be gone by Christmas 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted August 29, 2014 Share Posted August 29, 2014 Penny shares just seems like corruption to me, and a total con. Can you imagine asking someone to go into business with you and they are supposed to put £100,000 in while you put in £1,000 but you now own 50% of the company each. Not only that, since you are responsible for raising the capital you get a bonus from the company of £10,000 plus over priced wages and expenses and onerous contracts for you mates (with kickbacks of course)...? So you're now about £20k richer with half the shares of a company now worth about £50k. It's not uncommon depending what you bring to the business. A valuable patent for example. In this instance it's outright ****ery though. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted August 29, 2014 Share Posted August 29, 2014 As an aside, Ally McCoist is refusing to answer questions on issue at today's press conference. Quite right to. Wonder if he's taking up his options. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted August 29, 2014 Share Posted August 29, 2014 Are you for f*&king real? Unable to pay creditors as they fall due. The very definition of what causes administration. 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted August 29, 2014 Share Posted August 29, 2014 The saga continues. With almost every club utterance, from football to finance, disillusionment spreads, hope fades and a realisation that this sorry tale might not end well, takes hold. Where once there was optimism, now there is fatalism. The only real hope for a long-term viable and stable future - fan ownership - has been largely ignored by the main body of the kirk, and of course mixed messages on the issue have been unhelpful and unnecessary. Instead, we are left to wonder if a saviour will come along to rehabilitate our dying institution, and this word 'saviour' both insults and condemns us. We should never have been in this place, but we are here because we trusted to luck on club ownership - the worst mistake it was possible to make. We thought that market forces would protect us indefinitely - and some still do - but institutions like ours cannot survive by taking risks on the most basic of basic issues. We are spectators now, watching from the outside as the inside crumbles. The pessimists have been justified - and the optimists have been misguided. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted August 29, 2014 Share Posted August 29, 2014 This is yet another negative headline we don't need seized upon immediately by our enemies such as BBC Scotland, the DR etc......... 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted August 29, 2014 Share Posted August 29, 2014 As an aside, Ally McCoist is refusing to answer questions on issue at today's press conference. http://sport.stv.tv/football/video/3755311980001/? 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted August 29, 2014 Share Posted August 29, 2014 http://sport.stv.tv/football/video/3755311980001/? Raging. He was quite happy to discuss off-field matters when it was being used to deflect from a poor result and performance. Should be showing the fans some respect. 0 Quote Link to post Share on other sites More sharing options...
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