Share issue/open offer news

[SteveC 150]

After deductions there should still be enough to pay September's bills. Can't see it stretching to October though - so,,,,,,,,,,,,,,,what's next?

Edited September 12, 2014 by SteveC

[the gunslinger 3,366]

After deductions there should still be enough to pay September's bills. Can;t see it stretching to October though - so,,,,,,,,,,,,,,,what's next?

 

A very speedy AGM next and a bigger offer.

[the gunslinger 3,366]

Another share offer with 25 percent costs?

[buster. 4,808]

Douglas Fraser ‏@BBCDouglasF 4m

#Rangers FC open share offer falls short of £4m target. Raises £3.13m gross (approx costs £400k)

 

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Lets say...........a net 2.8M has been raised.

 

Plus 2 home games in September (ICT and Hibs both midweek) and 1 in October (Raith Rovers/Sat).

 

 

 

Less

 

Letham loan: 1.045M

Ahmad settlement

Wallace bonus ?

Other pending creditors who won't be slow in coming forward.

 

 

That takes us to when ?..........October payroll/November

Edited September 12, 2014 by buster.

[RANGERRAB 3,258]

We need a new owner who will bring in investment before the end of this year or we're fecked and back to league1 we go following administration

[Rangersitis 0]

We need a new owner who will bring in investment before the end of this year or we're fecked and back to league1 we go following administration

 

Can't you just have that as your signature to save you typing it out in every fucking thread?

[RANGERRAB 3,258]

Can't you just have that as your signature to save you typing it out in every fucking thread?

 

Am I wrong? Unless that happens we're fecked to put it mildly

[Stimpy 0]

If we'd have sold the 14,000 season tickets missing from last years at £450 a pop (just averaging things out) we would see Christmas before the begging bowl was on display. As I've said before, ST sales are immaterial when costs are still too high.

[RANGERRAB 3,258]

If we'd have sold the 14,000 season tickets missing from last years at £450 a pop (just averaging things out) we would see Christmas before the begging bowl was on display. As I've said before, ST sales are immaterial when costs are still too high.

 

Wouldn't disagree with that. Need to stop paying a 36 year old £10k pw for starters

[Zappa 0]

Lets say...........a net 2.8M has been raised.

 

Plus 2 home games in September (ICT and Hibs both midweek) and 1 in October (Raith Rovers/Sat).

 

Less

Letham loan: 1.045M

Ahmad settlement

Wallace bonus ?

Other pending creditors who won't be slow in coming forward.

 

That takes us to when ?..........October payroll/November

 

After deducting the Letham loan (assuming he wants it back from this cash) and paying off Ahmad (& Wallace too?) it looks like we'll maybe have enough cash to pay the bills this month and next month, but that's not taking into account any currently outstanding bills which we're unaware of.