Bluedell 5,329 Posted April 2, 2015 Share Posted April 2, 2015 We can indeed but I'm sure you would agree it's far from ideal. See also #85. I don't have an issue with it. I'm happy to have less costs for a very slight increase in hassle of share trading. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted April 2, 2015 Share Posted April 2, 2015 There is definitely something not quite right with this. I might be putting 2 and 2 together here and making 5, but it seems King was never a fan of AIM, and was looking for a way out of AIM while still having to be looking keen to remain part of it to satisfy the likes of R&M whose votes he got at the EGM, votes that may have been crucial in gaining power. The statement makes it too easy to blame the previous board for AIM refusing a new NOMAD, or a "reputable" NOMAD refusing the gig, but I am guessing had King really wanted to rejoin AIM, he would have found a NOMAD happy to accept the gig without any difficulty at all. As long as shares can be easily traded I will be quite happy. I do not want a matched trade facility, as there is no way to buy out those in power should the need ever arise. This was a big problem in the Murray era, and is a warning we should heed. For our fans groups like RST and RF who have successfully been recruiting members to buy more shares, these shares have to be readily available, not on a matched trade basis or through expensive stockbrokers. I see the RST have jumped to the defence of the board immediately with a spectacularly quick statement for a notoriously slow mechanical organisation. One would almost think it was co-ordinated! I would prefer them to have a bit more balance, while we are all happy (or should be) that the scumbags have been thrown out, we must still scrutinise our new board at every turn to ensure they dont get carried away, or take our support for granted. I certainly dont go as far as some on here with shameful accusations of lying or mistrust of the new board, but this delisting was well warned to us and has come about. It may be that it is like a broken clock that is right twice a day, but it is a little unnerving when that lot get something spot on. The new board will have to sort this out within the "few weeks" timescale they have promised - we will be watching with interest. It does come across as somewhat of a fait accompli but there's no doubt some of the reasons discussed in the LSE statement are valid enough. Like you say, only time will tell. 0 Quote Link to post Share on other sites More sharing options...
Laudbertz 0 Posted April 2, 2015 Share Posted April 2, 2015 Saw this news on the BBC website earlier, obviously after reading this thread it reads better here in reflection to DK's 'broken' promise. It is clear that this wont be the last piece of news pointing fingers at the new regime when it should be firmly pointed at the old one. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted April 2, 2015 Share Posted April 2, 2015 We survived for years pre-Whyte with a restricted market so not sure why we can't go forward on that basis as well. when we had SDM & MIH. Who have we got now? 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted April 2, 2015 Share Posted April 2, 2015 Saw this news on the BBC website earlier, obviously after reading this thread it reads better here in reflection to DK's 'broken' promise. It is clear that this wont be the last piece of news pointing fingers at the new regime when it should be firmly pointed at the old one. We were led to believe a NOMAD would get appointed. The old board managed to get a NOMAD 0 Quote Link to post Share on other sites More sharing options...
JTP 0 Posted April 2, 2015 Share Posted April 2, 2015 We were led to believe a NOMAD would get appointed.The old board managed to get a NOMAD Ha. Is that a joke? 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted April 2, 2015 Share Posted April 2, 2015 We were led to believe a NOMAD would get appointed.The old board managed to get a NOMAD The old board kept moving NOMAD until they found one that would do their bidding. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted April 2, 2015 Share Posted April 2, 2015 Here's the bit which worries me from the club statement: it is the Board's view that the Company's future capital requirements can be met by shareholders 0 Quote Link to post Share on other sites More sharing options...
T-1000 174 Posted April 2, 2015 Share Posted April 2, 2015 It does come across as somewhat of a fait accompli but there's no doubt some of the reasons discussed in the LSE statement are valid enough. Like you say, only time will tell. The delisting probably does not matter to the ordinary Rangers supporter who has bought 500 shares mainly because I would suggest this fan buys the shares not as a traditional investment but for support and sentimental reasons. If, however, you own a substantial bundles of shares, say for argument sake 9% of the share capital you might be a little concerned about who has sufficient resources to purchase your shares and at what price. To this extent your investment in this case is locked in to Rangers. I would have thought such an investor might then look for an exit strategy or compensation. On this we will have to wait and see. The other issue that is now clearer is that funds for taking Rangers forward will have to come from individuals or organisations such as Rangers First. It is to be hoped that such supporters have sufficiently deep pockets 0 Quote Link to post Share on other sites More sharing options...
JTP 0 Posted April 2, 2015 Share Posted April 2, 2015 Here's the bit which worries me from the club statement: it is the Board's view that the Company's future capital requirements can be met by shareholders Namely King and T3B if the fans don't partake. 0 Quote Link to post Share on other sites More sharing options...
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