BalooBear 7 Posted February 7, 2015 Share Posted February 7, 2015 Shocking just when you think that they can't go much lower. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted February 7, 2015 Share Posted February 7, 2015 (edited) Think so mate. FS is probably better placed to comment but I think they're above board. I wouldn't go near them with a sanitised barge pole. They were the authorised corporate director of the Arch Cru funds and "The £32million that Capita contributed to the £54million (compensation) deal was, we now know, only possible because the Capita parent company wrote the cheque." Read more: http://www.thisismoney.co.uk/money/investing/article-2241432/RICHARD-DYSON-FSAs-dirty-deal-lets-Capita-hook-Arch-Cru-investment-scandal.html#ixzz3R4lzZmXD Follow us: @MailOnline on Twitter | DailyMail on Facebook The £32million that Capita contributed to the £54 million deal was, we now know, only possible because the Capita parent company wrote the cheque." Very briefly and avoiding the technicalities, Arch Cru offered what they stated were low risk investments that were actually very high risk and the securities behind them were of little or no value. Capita were found partly responsible as it was held to have been their duty to spot this kind of thing and it wasn't difficult. That said I have no evidence to suggest that they wouldn't count votes properly. Edited February 7, 2015 by BrahimHemdani 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted February 7, 2015 Share Posted February 7, 2015 https://www.change.org/p/wh-ireland-confirm-a-suitable-venue-for-the-general-meeting-of-rifc-has-been-selected 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 7, 2015 Share Posted February 7, 2015 Think so mate. FS is probably better placed to comment but I think they're above board. I think they can be trusted, they're the registrar for lots of public companies. In the companies I hold shares in the registrar is almost always either Capita or a company called Computershare. One thing I have doubt in is the electronic voting machines, at the AGM my one had a tendency to switch itself off. I'd much prefer the voting cards to be counted, I don't think that would delay matters by much if at all as they are counted by machine anyway. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted February 7, 2015 Share Posted February 7, 2015 I wouldn't go near them with a sanitised barge pole. They were the authorised corporate director of the Arch Cru funds and "The £32million that Capita contributed to the £54million (compensation) deal was, we now know, only possible because the Capita parent company wrote the cheque." Read more: http://www.thisismoney.co.uk/money/investing/article-2241432/RICHARD-DYSON-FSAs-dirty-deal-lets-Capita-hook-Arch-Cru-investment-scandal.html#ixzz3R4lzZmXD Follow us: @MailOnline on Twitter | DailyMail on Facebook The £32million that Capita contributed to the £54 million deal was, we now know, only possible because the Capita parent company wrote the cheque." Very briefly and avoiding the technicalities, Arch Cru offered what they stated were low risk investments that were actually very high risk and the securities behind them were of little or no value. Capita were found partly responsible as it was held to have been their duty to spot this kind of thing and it wasn't difficult. That said I have no evidence to suggest that they wouldn't count votes properly. Mate I was involved in the Arch cru debacle , I was one of the lucky ones that recieved their money back in full after reaching an agreement with my IFA , who was excellent through out , however it was 4 years of torture , I know of some people who lost hundreds of thousands 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted February 7, 2015 Share Posted February 7, 2015 How to proxy your vote. https://www.therst.co.uk/regulatory/how-to-proxy-your-vote/ 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted February 7, 2015 Share Posted February 7, 2015 Rangers Football Club urinates on its shareholders and fans with EGM notice By Tom Winnifrith | Saturday 7 February 2015 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Rangers (RFC) has announced plans to hold an EGM to vote on a wholesale change of board. The plans are a disgrace, for the EGM is to be held in London at a venue that can hold only 500. Most Rangers shareholders live in Glasgow. This appears a deliberate attempt by Rangers and its shamed financial adviser Mr Paul Shackleton of WH Ireland to disenfranchise fans. At the last GM held in Glasgow 2000 attended. The intent n booking a London venue that can hold only 500 is clear. The gibbering fool Shackleton was recorded on the phone trying to explain this decision to a fan and came over as a totally clueless poltroon as you can hear HERE When the team I support (West Ham) found itself in the old division one (The Championship for younger readers) we could still manage to find 2,000 to 3,000 diehards who would travel to away fixtures in the far northern wastelands of Yorkshire and Lancashire. Rangers shareholders who are normally not serious investors just folks who love their club have an equally steely passion and loyalty to all things Rangers. These are not the sort of nouveau supporters you might see at Chelsea who think that “the head-hunters” were a group of supporters working in City recruitment and who would disappear if (please let there be a God and may this happen) the blues were relegated to the Championship. These are real fans. And so what happens if 1000 of them trek down to London and the EGM venue cannot cope? Has Mr Shackleton considered this possibility? The short answer is NO. What would happen? The EGM would have to be abandoned and reconvened at a later date. That possibility and the fact that the meeting is not being held at a lower cost in Glasgow shows that the board of Rangers FC treats its ordinary shareholders, who are also its fans with utter contempt. The announcement on Friday also sledged Dave King who has called for the EGM dragging up details of his colourful business career and brushes with the judicial system. I think we all know that King was not exactly the Momma Theresa of the business world but then the Ashley minions who run Rangers now have still not explained why it was in the interests of ALL shareholders to turn down Sarver equity in favour of Ashley debt. The Ashley Minions are not Momma Theresa either. Mr Shackleton and his WH Ireland colleagues say that they have been in constant touch with AIM Regulation and imply that if King is voted onto the board Rangers may lose its AIM quote. I am sorry Mr Shackleton but many Rangers shareholders do not trust you - especially given the way that the current Board appears to have breached certain AIM Rules which you apear not to give a flying fuck about. But if AIM Regulation say they will black ball King, before anyone believes the China fraud specialist Shackleton, they will want to see a specific letter from AIM to this effect. Mr Shackleton: Either publish it or just STFU. So what to do? If King et al are elected, three things might happen: 1. AIM says that King is not a fit and proper person 2. AIM does not say that but WH Ireland quits as Nomad 3. Neither of the above. If it is 2 or 3 then the behaviour of Mr Shackleton means that WH Ireland and Rangers had to part company anyway. Rangers will have to find a new Nomad to retain its quote and if AIM has cleared Mr King it is likely that one can be found. If it is 1 then Mr King could go for two options: 1. Quit and the other directors co-opt a replacement. I am sure that from the legion of supporters who are well versed in the ways of the City a suitable candidate can be found. I know of one former analyst at WoodMac in Edinburgh whose veins flow blue and who would be ideal. I am sure there are others. 2. Allow Rangers to leave AIM. Shares in the club could still be traded on a low cost matched bargain facility such as GXG, he club would still issue RNS statements but the costs of the quote would be much lower. Since the company will not attract institutional money at this stage all it needs is a matched bargain facility allowing fans to trade shares as they see fit. Personally I reckon Rangers would be better off restructuring off AIM and spending what cash it has on new players rather than on City tossers like Shackleton. Mr King could help his cause by saying which option he would go for and if it is option one naming his preferred alternate directors. So what should fans/investors do? It seems to me that almost everyone who has run or tried to run Rangers for the past decade is not exactly Momma Theresa. As a West Ham supporter I rather know how you feel. However, King is at least a diehard fan and so in my view is the least worst option. In the same way as I view the current West Ham board as our least worst board in years. You do not need to attend the EGM to vote. You can arrange to have the chairman of the meeting cast votes on your behalf either way by filling in suitable forms. Rangers supporters are well organised and perfectly able to ensure that this is done on a mammoth scale and to thus ensure that the right result is reached. http://www.shareprophets.com/views/10481/rangers-football-club-urinates-on-its-shareholders-and-fans-with-egm-notice 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted February 7, 2015 Share Posted February 7, 2015 These things are important. They're not high up on my list of important things at the moment. 0 Quote Link to post Share on other sites More sharing options...
govan_derriere 3 Posted February 7, 2015 Share Posted February 7, 2015 The language Mr Winnifrith uses cannot pass without comment. For example, in the above quote, 'which you appear not to give a flying fuck about' should read 'about which you do not appear to give a flying fuck.' These things are important. Would have to agree. #pedantic loyal 0 Quote Link to post Share on other sites More sharing options...
TheWee BlueDevil 0 Posted February 7, 2015 Share Posted February 7, 2015 The language Mr Winnifrith uses cannot pass without comment. For example, in the above quote, 'which you appear not to give a flying fuck about' should read 'about which you do not appear to give a flying fuck.' These things are important. Shocking misuse of language there! Well spotted mate. The righter kneads two get his words ordered more proper. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.