Toepoke Posted April 2, 2015 Share Posted April 2, 2015 this will herald the end of King's Huneymoon period. Quote Link to comment Share on other sites More sharing options...
Langtonian Posted April 2, 2015 Share Posted April 2, 2015 didn't king say he had a nomad lined up and ready to appoint and that they were in the process of carrying out due diligence? tax cheat telling lies,no surprise Quote Link to comment Share on other sites More sharing options...
thplinth Posted April 2, 2015 Share Posted April 2, 2015 mmmmm... perhaps King is more ruthless than we imagined. having the shares de-listed (on purpose) is a bit like Cortez burning the boats. "No going back now lads..." Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted April 2, 2015 Share Posted April 2, 2015 didn't king say he had a nomad lined up and ready to appoint and that they were in the process of carrying out due diligence? tax cheat telling lies,no surprise He did say that and according to the report on the BBC he did have one. They had a due diligence process to complete (since they appear to be professional and above board) but something has come out meaning they didn't want to proceed. Apparently the next thing is to look at listing the shares on a different exchange, where Arsenal shares are apparently listed. Quote Link to comment Share on other sites More sharing options...
Langtonian Posted April 2, 2015 Share Posted April 2, 2015 (edited) dont think it's as simple as that just listing on an alternative exchange,they have terms and conditions and if it's the exchange that's doing the rounds(name escapes me) one of the T& C to be listed is having 12 months working capital,Rangers meet that criteria? interestingly enough prior to king there was a nomad in place and happy to continue but reigned the minute king got in or was getting in the door so murray blaming the previous regime for them not being able to secure a nomad is laughable Edited April 2, 2015 by Langtonian Quote Link to comment Share on other sites More sharing options...
biffer Posted April 2, 2015 Share Posted April 2, 2015 He did say that and according to the report on the BBC he did have one. They had a due diligence process to complete (since they appear to be professional and above board) but something has come out meaning they didn't want to proceed. Apparently the next thing is to look at listing the shares on a different exchange, where Arsenal shares are apparently listed. Surely the thing to concern yourself with is why it failed due diligence... Quote Link to comment Share on other sites More sharing options...
ParisInAKilt Posted April 2, 2015 Share Posted April 2, 2015 Died yet? Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted April 2, 2015 Share Posted April 2, 2015 King said some time ago that he'd rather the club wasn't listed and I think he's made that happen, as I highlighted in a previous post neither Spurs or Aberdeen shares are listed on an exchange but can still be bought and sold. Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted April 2, 2015 Share Posted April 2, 2015 Surely the thing to concern yourself with is why it failed due diligence...It is only one of many things I'm concerned about. I've said quite a few times on here that I'm not a fan of King. I don't trust him but he is in now and we have to work with what we've got just now. Quote Link to comment Share on other sites More sharing options...
Langtonian Posted April 2, 2015 Share Posted April 2, 2015 yep king did indeed say personally he,d rather the club wasn,t listed,wonder why? Quote Link to comment Share on other sites More sharing options...
Big Col Posted April 2, 2015 Share Posted April 2, 2015 by advising fans not to buy the season books he deflates the share price. He then tells a few porkies to get the majority onboard and force an EGM to vote him in, he then delists the company. is that allowed? Won't the other shareholders be pissed? Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted April 2, 2015 Share Posted April 2, 2015 by advising fans not to buy the season books he deflates the share price. He then tells a few porkies to get the majority onboard and force an EGM to vote him in, he then delists the company. is that allowed? Won't the other shareholders be pissed? The share haven't necessarily been devalued, larger companies than Rangers have delisted in the past. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted April 2, 2015 Share Posted April 2, 2015 The share haven't necessarily been devalued, larger companies than Rangers have delisted in the past. Generally though delisting will significantly devalue the shares. Cheap shares for King? Quote Link to comment Share on other sites More sharing options...
bruce778 Posted April 3, 2015 Share Posted April 3, 2015 omnishambles As Phil MacGob has written on his blog for individual shareholder investors to inject money without there being a full rights issue requires shareholder approval and they have tried and failed to get it twice now at least. It keeps getting voted down. So until they can (which is far from certain) it will be emergency loans. It is a bit off having an IPO and then letting your shares get de-listed a few short years later leaving all the folk who invested ed to semi####ed. Poor show. Who was that poster recommending we buy their shares a few weels back? I hope no one was foolish enough to do so because they will have a hard job getting rid of them anytime soon. That was me and I referred to the period up until the agm. If you had bought shares you would have made over 10% profit from my post until the agm. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted April 3, 2015 Share Posted April 3, 2015 (edited) Statement from Rangers First http://www.rangersfirst.org/rangers-first-statement/ Rangers First shares the Rangers Board’s disappointment that shares in RIFC PLC will no longer be listed on the AIM market and we appreciate that whether or not an AIM listing was maintained was never in the new directors’ gift. As the Club’s earlier statement highlighted, the delisting is simply the result of well documented failings in corporate governance and management of those who previously controlled the Company. In addition, we note positively that an alternative listing is being sought and that an immediate solution has already been put in place from Tuesday that will allow buying and selling of RIFC PLC shares.All members of Rangers First are asked to note the following.Whether RIFC shares are listed on the AIM or any alternate public market, listing or delisting has no material impact on www.rangersfirst.org and the shares we already own. (RF is presently the 10th largest shareholder)Rangers First will still be able to buy further shares and in particular when a new share issue is made we will seek to take up our pro rata rights and indeed as many excess shares as we can afford in order to increase our shareholding to our first target of 5%.Rangers First welcome the fact that limited share trading will be possible from Tuesday 7th April when the markets open after the Easter break and we will explore whatever opportunities there may be to further increase our shareholding in RIFC at that time.We hope that the RIFC board will be successful in achieving an ISDX listing (or indeed another alternative) to secure a public listing for RIFC plc shares as soon as possible.Rangers First still fundamentally believe that obtaining as large a shareholding in the PLC as possible for Rangers First and controlled by our members provides the best stable platform going forward for the club we all love.So as we continue to grow our shareholding we ask that you continue to get your friends and fellow Bears to join with you as a member of the UK’s largest Fan group at www.rangersfirst.org Edited April 3, 2015 by EddardStark Quote Link to comment Share on other sites More sharing options...
Parklife Posted April 3, 2015 Share Posted April 3, 2015 Is this the end game, Eddard? Quote Link to comment Share on other sites More sharing options...
EddardStark Posted April 3, 2015 Share Posted April 3, 2015 Is this the end game, Eddard? We had it mate. Things are on the up. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted April 3, 2015 Share Posted April 3, 2015 Easdale now about to sue king. Oh dear.and on it rumbles. Quote Link to comment Share on other sites More sharing options...
Parklife Posted April 3, 2015 Share Posted April 3, 2015 We had it mate. Things are on the up. Ahhh, so it'll be a different end game the next time? It's hard to keep up. Quote Link to comment Share on other sites More sharing options...
Pool Q Posted April 3, 2015 Share Posted April 3, 2015 Always takes a couple of days for the party line in response to the latest episode of this comedy classic to be formulated on the various Rangers sites I guess. Quote Link to comment Share on other sites More sharing options...
bruce778 Posted April 3, 2015 Share Posted April 3, 2015 There's no doubt that losing the AIM listing is a big blow to the credibility of the new board. The board statement doesn't clearly state that, at the time of kings statement, a nomad had agreed to be appointed subject to further due diligence. Would like the board to clarify this. I don't think the consequences are the end of the world but it obviously makes the shares less accessible. In some respects, this may be good I suppose. Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted April 3, 2015 Share Posted April 3, 2015 There's no doubt that losing the AIM listing is a big blow to the credibility of the new board. The board statement doesn't clearly state that, at the time of kings statement, a nomad had agreed to be appointed subject to further due diligence. Would like the board to clarify this. I don't think the consequences are the end of the world but it obviously makes the shares less accessible. In some respects, this may be good I suppose. See Paul Murray's statement on the Rangers website. It describes the process undertaken but not what stopped the nomad proceeding. Implies it was the old boards fault without saying that outright. Quote Link to comment Share on other sites More sharing options...
bruce778 Posted April 3, 2015 Share Posted April 3, 2015 See Paul Murray's statement on the Rangers website. It describes the process undertaken but not what stopped the nomad proceeding. Implies it was the old boards fault without saying that outright. Surely king would have been aware of these issues when he made his statement regarding the nomad though? Quote Link to comment Share on other sites More sharing options...
Parklife Posted April 3, 2015 Share Posted April 3, 2015 Surely king would have been aware of these issues when he made his statement regarding the nomad though?Aye, it's almost like he's a lying b'stard. Who'da thunk it. Quote Link to comment Share on other sites More sharing options...
Maq Posted April 3, 2015 Share Posted April 3, 2015 Aye, it's almost like he's a lying b'stard. Who'da thunk it. We'd a thunked it! Quote Link to comment Share on other sites More sharing options...
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