08 Mar 2014 11:33:08
Rangers board are an absolute embarrassment, here we have a supporter willing to put up 1M with an interest of 75k and minus the Albion CP and Edmonston house shady deal included, you would have thought they would be jumping for joy not having to give away these 2 assets!!but no not a word, pathetic, then again spiv Wallace said this was always part of the plan. your right there spiv the plan was simple get these 2 asset's away in September due to penalty clause in the set up deal, and then later hope to come up with an answer on how to get the major assets of CW OR DM.

This current lot don't own Ibrox or Murray Park, otherwise when Wallace and co were down in London recently with the begging bowl out, trying to get funds, they were rejected by everyone because they could not put up Ibrox or MP as collateral. starve these imposters out now. GO WITH DAVE KING

1.) 08 Mar 2014
Its hard to know the real truth.

But the 30% APR loan - seems a real indication that gaining control of assets, screwing out £150,000 set up fee is the nature of the beast.

Its worrying where hedge fund has us, and now we see they will invest, but take key assets (and not even ibrox) in return, and charge 30%, and £150,000. when other offers exist.

So making HUGE profits is key. wheres JG to say 30% and peanuts and that one loan at 0% (course it is! - read the small print JG).

As we say with Stockbridge - he tries to get £200,000 for winning div 3 (?), then hands it back, but then takes £200,000 in payoff to leave.

its all win win win for the spivs, and money keeps flowing out.

£22m was enough to get us back to top and rebuild. but its all gone?

no what. will someone else put in £22m. ever again?

Even winning a triple won't count if we bust doing it?

2.) 09 Mar 2014
Anon OP - not true, (but truth doest seem to matter on here)

George Letham was quoted as saying

“I have offered the loan on the same terms but with the interest payable reduced from £150,000 to £75,000. It is my intention to convert this interest into shares. ” that's a reduction from 30%APR to 15%APR

he did also say that he would make the loan on condition that the security to laxey was cancelled

but he still wanted security of edmiston house and albion car park on his offer

JG

3.) 09 Mar 2014
@2 why do you criticse our real fan offering loan at 15% repeatedly, quoting out of context and not criticising laxleys who want secured loan at unheard of 30%apr. ?

do your paymasters not allow you to comment negatively on laxleys, do you work for them?

4.) 09 Mar 2014
Am sure he also said he would re-invest the interest paid BACK into club.

no word on laxley giving us back interest they earn?

{Ed039's Note - Why would you charge the interest in the first place if you want to put it straight back where it came?)

5.) 09 Mar 2014
Cos ed039 lethan is city based bear. and invests in us using heart not hean. lol

here is the part of his quotes JG never quotes.

"‘If the club are unable to convert the interest to shares, then any cash sum I received from the loan would be reinvested into the club via a future share issue to further the cause of fan ownership.
‘My only motivation in this is to ensure that the club is secure, has as much involvement as possible from those who care about it and that its vital assets remain available to it at all times.
‘I am making this offer public in the hope that a degree of transparency can be brought to this process for the fans and hope that the board will give my offer due consideration. "


interest back via future share issue, so an interest-free loan in effect. and yet JG complains this at 15% and secured?

you could not make this up, JG is a stooge, probably green or imran hard to tell

6.) 09 Mar 2014
Another gear - please point out where I criticised letham, I was responding to the the op who said he would give the loan without the security,

You should read the op and my response again, but while we are at it why did letham not just say he would give credit facility for a no fee no interest and no security?

JG

7.) 09 Mar 2014
" but while we are at it why did letham not just say he would give credit facility for a no fee no interest and no security? "

you unreal JG

you ask where do you criticise a fan offering much better deal for club than hedge fund.

then post asking why he did not offer £1m for no fee and unsecured?

no one else offered that deal?

He beat Laxleys - if you real bear you would say this is a better deal, not nit pick Lethans offer and undermine it on every occasion.

Lethans is a far better deal than Laxleys, its 50% of the interest, it offers the interest back for future investment, and does not leave our asset and a dilution event in hedge funds hands.

can see why you criticise gers fan making this offer and supporting board and Laxley deal are better?

unless you paid to say so.

8.) 09 Mar 2014
N6 cause he didn't want to give the board one million for nowt as they could have sais soory mr l but we can't pay you money back probably cause charlie boy would be wanting to buy shares in a race horse