Big Col Posted December 22, 2017 Share Posted December 22, 2017 1 hour ago, mccaughey85 said: Perhaps someone could explain in simplistic terms what exactly is going on here in regards why he has to offer to buy shares If you takeover more than 30% of a company then the takeover rules say you must make an offer to buy the remaining shares. Dave King claimed he doesn't own more than 30% and he didn't know about that rule and he's skint anyway. The takeover appeal board ruled he acted 'in concert' with the other directors to own more than 30% so the takeover rules apply. Ignorance is not an excuse and Kings financial situation is not a matter for the TAB. Quote Link to comment Share on other sites More sharing options...
Big Col Posted December 22, 2017 Share Posted December 22, 2017 1 hour ago, mccaughey85 said: and would anyone realistically sell. the folk who got the penny shares ? Quote Link to comment Share on other sites More sharing options...
mccaughey85 Posted December 22, 2017 Share Posted December 22, 2017 6 minutes ago, Big Col said: If you takeover more than 30% of a company then the takeover rules say you must make an offer to buy the remaining shares. Dave King claimed he doesn't own more than 30% and he didn't know about that rule and he's skint anyway. The takeover appeal board ruled he acted 'in concert' with the other directors to own more than 30% so the takeover rules apply. Ignorance is not an excuse and Kings financial situation is not a matter for the TAB. Much appreciated. Cheers Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted December 22, 2017 Share Posted December 22, 2017 1 hour ago, ShedTA said: With all due respect RB they aren't though are they. I'm afraid a proper look under the bonnet and the shares are worth an awful lot less. Currently quoted at 32p but there's been no trading activity for months as far as I can see. Quote Link to comment Share on other sites More sharing options...
macy37 Posted December 22, 2017 Share Posted December 22, 2017 He best delve into the war chest. Quote Link to comment Share on other sites More sharing options...
macy37 Posted December 22, 2017 Share Posted December 22, 2017 Can anyone answer how this charlatan passed the governing bodies fit and proper person test? It’s kinda puzzling.... Quote Link to comment Share on other sites More sharing options...
ShedTA Posted December 22, 2017 Share Posted December 22, 2017 45 minutes ago, Larky Masher said: Currently quoted at 32p but there's been no trading activity for months as far as I can see. 32 really? I don't really get that but fair enough. Would anyone pay 32p for them at moment? Quote Link to comment Share on other sites More sharing options...
ShedTA Posted December 22, 2017 Share Posted December 22, 2017 30 minutes ago, macy37 said: Can anyone answer how this charlatan passed the governing bodies fit and proper person test? It’s kinda puzzling.... Erm you mean the SFA fit and proper test... Quote Link to comment Share on other sites More sharing options...
macy37 Posted December 22, 2017 Share Posted December 22, 2017 1 hour ago, ShedTA said: Erm you mean the SFA fit and proper test... Yes.. Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted December 23, 2017 Share Posted December 23, 2017 11 hours ago, Larky Masher said: Currently quoted at 32p but there's been no trading activity for months as far as I can see. There are quite a few shareholders that just won't sell to King, such as the supporters groups, that I'd find it surprising if many folk took up the offer. These are the bigger shareholders external to Kings group. Mike Ashley sold his shares a couple of months ago but I can't remember what for. Quote Link to comment Share on other sites More sharing options...
macy37 Posted December 23, 2017 Share Posted December 23, 2017 I note no cunt can answer my previous question. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted December 23, 2017 Share Posted December 23, 2017 2 hours ago, macy37 said: I note no cunt can answer my previous question. My reply was in itself an answer. It's the sfa test - that's how he passed it. Because they don't know what the f@ck they are doing. Quote Link to comment Share on other sites More sharing options...
macy37 Posted December 23, 2017 Share Posted December 23, 2017 That kids coach is doing a terrific job so far. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted December 23, 2017 Share Posted December 23, 2017 17 hours ago, ShedTA said: 32 really? I don't really get that but fair enough. Would anyone pay 32p for them at moment? Given the level of trading the answer would appear to be no. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted December 23, 2017 Share Posted December 23, 2017 3 hours ago, Larky Masher said: Given the level of trading the answer would appear to be no. I know you have been critical of king larky - you must be despairing at the moment with the latest stuff? Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted December 24, 2017 Share Posted December 24, 2017 18 hours ago, ShedTA said: I know you have been critical of king larky - you must be despairing at the moment with the latest stuff? Not really much you can say. King has shown no vision for where the club is going and no ability to get the finances in order, why the f*ck Pedro was appointed is mystery as is why he was allowed to pish so much money against the wall "improving the squad". Once the other directors stop putting money in we'll be well and truly f*cked and that could be sooner rather than later. As for yesterday I don't have the strength so discuss that............ Quote Link to comment Share on other sites More sharing options...
sbcmfc Posted December 24, 2017 Share Posted December 24, 2017 One from the vaults. Possibly my favourite piece of output from Rangers PR machine. Merry Christmas! Quote Link to comment Share on other sites More sharing options...
macy37 Posted December 24, 2017 Share Posted December 24, 2017 Surely only a matter of time before the Hun fans start telling us Gary Monk is the man? Quote Link to comment Share on other sites More sharing options...
Stu101 Posted December 24, 2017 Share Posted December 24, 2017 On 12/22/2017 at 7:16 PM, ShedTA said: Can he even afford to do a share offer? Not read the judgement yet, but I know in the past that the money required to purchase the shares has been required to be lodged with a third party prior to the offer being made- even if no one takes it up. Not sure if the panel asked for this though. Too busy to check. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted December 26, 2017 Share Posted December 26, 2017 On 24/12/2017 at 1:34 PM, Larky Masher said: Not really much you can say. King has shown no vision for where the club is going and no ability to get the finances in order, why the f*ck Pedro was appointed is mystery as is why he was allowed to pish so much money against the wall "improving the squad". Once the other directors stop putting money in we'll be well and truly f*cked and that could be sooner rather than later. As for yesterday I don't have the strength so discuss that............ Yep. I've no doubt he wants the best for rangers, but I just don't think he has been the man to sort the club out. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted December 26, 2017 Share Posted December 26, 2017 On 24/12/2017 at 5:20 PM, Stu101 said: Not read the judgement yet, but I know in the past that the money required to purchase the shares has been required to be lodged with a third party prior to the offer being made- even if no one takes it up. Not sure if the panel asked for this though. Too busy to check. Ah well we will see. Don't even know what the timescales are. Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted December 27, 2017 Share Posted December 27, 2017 On 26/12/2017 at 9:43 AM, ShedTA said: Ah well we will see. Don't even know what the timescales are. Think I saw somewhere yesterday that King was appealing the decision, so probably nothing happening on it now for a few weeks at least. Quote Link to comment Share on other sites More sharing options...
macy37 Posted January 8, 2018 Share Posted January 8, 2018 Odds on the Huns getting relegated slashed then betting on it suspended. Surely not?? Quote Link to comment Share on other sites More sharing options...
FANDABBYDOZZY Posted January 8, 2018 Share Posted January 8, 2018 Administration again ? Quote Link to comment Share on other sites More sharing options...
Stu101 Posted January 8, 2018 Share Posted January 8, 2018 (edited) 27 minutes ago, macy37 said: Odds on the Huns getting relegated slashed then betting on it suspended. Surely not?? Be very odd with no external debt. Be one of those bloggers weirdo bloggers I suspect. We are still waiting for updates on such things as the water being stolen for Ibrox via a secret pipe from a Church, the roof of Ibrox falling down, the four times we were supposed to go into administration last year, and the money laundering scandal involving the Mexican drug cartel money. Edited January 8, 2018 by Stu101 Quote Link to comment Share on other sites More sharing options...
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