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08 Dec 2018 14:53:05
Houssami ( Blue Pitch. ) not a happy chappy, about Mr King's allegations about certain allegations made in court. Dk better have his facts correct if directed at this investor or he will be in serious trouble.

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08 Dec 2018 15:36:06
billyb, Housaami is Lebanese based with connections to Green and Easdales.

08 Dec 2018 15:54:12
I know exactly who he is, Bankie, thus dk should be very careful with his accusations.

08 Dec 2018 21:34:58
I agree Billy, however, king has not accused housaami of anything.

09 Dec 2018 12:22:02
Housaami is calling out king. if king says he thinks his blue pitch are underworld criminals, then its going to court. if not then an apology and voting rights reinstated
As Housaami has now gone public about his investment.
Another blunder from D King.

09 Dec 2018 15:12:25
Correct Jboy21, no allegations have been made and none will he made. Houssami using the media in attempt to create uncertainty and division within shareholders and supporters. No doubt being egged on by some who have no emotional attachment to our club.

09 Dec 2018 15:18:45
Don’t recall Davie king calling this guy out and what’s took this guy so long to surface is he popping his head out to boost his business profile I say get him out.

07 Dec 2018 12:08:27
I see we're £20 million in debt. Am sure Dave has everything under control though.

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30 Nov 2018 17:28:00
The contempt charges against Daventry King been halted king to make. Bid by the end of January of upto £19m if he doesn't back to court by early February.

Agree5 Disagree1

30 Nov 2018 18:38:33
Makes you wonder why he didn't just make offer when he ordered first time at 11m.

03 Dec 2018 13:49:46
Fb the additional money comes about because of the share issue. So it's a red herring, also this assumes every share is sold to king, I expect less than 20% will be sold to him.

03 Dec 2018 23:59:56
JBoy

Your comments suggest that he will still act in concert to reduce his liability or are you suggesting that he will only get 20% uptake on the offer.

If the latter then I agree.

04 Dec 2018 17:19:22
I say the latter Mols.

05 Dec 2018 18:16:35
Jboy, I believe that dk must show he has £19million in clear funds to complete the share purchase.

05 Dec 2018 22:08:09
Billyb

I believe you are correct but the remaining share holders do not have to take up the offer. It is not compulsary unless I have misunderstood.

05 Dec 2018 22:49:40
Correct Billy b, then he buys what he is sold and gets rest of 19 back
I reckon his actual out lay will be under 5
We will soon see.

06 Dec 2018 15:25:30
What stops a big shareholder selling at the higher price, then buying back at a reduced price if share issue does happen (I may be wrong, but the share price will be diluted if the issue happens) .
Your correct in assuming supporters won’t sell, but I’m sure the investors will.

06 Dec 2018 16:35:55
Jaj I'm confused. Why would u buy at a higher price.
Supporters in my post include fans group, king, three bears, scott wolthartd etc takes joint shares to 60%.
Remaining shares yes some institutions who may cut losses, multiple small holdings by fans who want to hold shares and go to agm, like myself. Not in it for money.
King will get an easy ride on what he requires to buy.
Also they have excluded making offers to four reasonably large shareholdings
I'd be surprised if easedales, mccoist, Murray smith, etc sell for various reasons.

06 Dec 2018 20:14:54
What I was saying is, you take the offer from king (I don’t know how much 30p each? ), Because I may be wrong but after the new proposed share issue, your shares will be worth 19p.

06 Dec 2018 20:01:01
I agree with your logic Jboy, but where I see a problem unfolding is dk being able to show he has clear funds to purchase all other shares apart from his own.

06 Dec 2018 21:30:57
Billyb he has to put them in a fund held independently or he is back in court February.

06 Dec 2018 22:17:53
Good discussion everyone. Hear you billyb but don’t believe your concern on that point will be an issue. As a club we have been through a lot and I for one believe the issue of capitalisation and capital structure is finally under control and we are being led by competent and committed rangers men.

07 Dec 2018 11:52:20
A couple of points bankie I agree with most of your post apart from a few points. As your know we need extra finance (capitalization) in the real financial world that would come from banks or institutions our come from loans which is unattainable. Our capital structure is top heavy with debt. Finally committed rangers men yes competant I don't think so. Do competant directors have their accounts for 10 days then put them out at 19.45 on a match day to deflect from the losses. Court action and injunction breaking will hammer us in the new year, that's not competant that's DK being maverick.

07 Dec 2018 14:26:08
The unsecured loans are being converted into share capital, that’s what all this is about.

07 Dec 2018 20:31:17
Jboy you almost see what I am trying to say, so for the want of a nett amount to put in an independent fund ----- Do you think dk could raise enough clear funds to put circa £12million. into that fund. I do not think he can. [without assistance. ].

07 Dec 2018 20:31:56
Unattainable should have read unsustainable.

07 Dec 2018 20:47:47
Yes see what u r saying, time will tell as he needs to put the full 19 million in. I'm not clear if takeover panel would allow others to assist. After all they have always argued that they acted in concert.

08 Dec 2018 04:59:06
Yes Jboy, hard cash can be a difficult commodity to raise.

30 Nov 2018 17:19:57
This might sound stupid, but can I buy shares in rangers?

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01 Dec 2018 15:55:58
Yes you can. Go onto the investors page on club website for info or contact a stockbroker.

28 Nov 2018 17:22:45
Just watched the AGM from 2014 in the tent and anyone who doubted Mr King and the bears should watch this. Unbelievable how Ashley and the Easdales were going to run the club into the ground🤯🇬🇧.

Agree11 Disagree1

28 Nov 2018 20:14:01
Great point Yately1. Yes thankfully those days are in the past. Much to be done but we are now lead by a competent board of rangers men with the club’s best interest.

29 Nov 2018 09:52:40
Are you reading yately and Bankies posts frustrated and isles? Thank goodness all our support don’t have the Lynch mob mentality . ok, you're entitled to your opinions but when those opinions threaten the stability of our great club then we are entitled to ours.

29 Nov 2018 11:12:39
How many have watched kings interview on rangers tv, I found it very informative. He also says he said we would need to go into debt initially. Admitted last years buys were a disaster and they had got it wrong, indicated with Mark Allen now in post that would not happen again.
Also said first team squad too big.
Love him or hate him he does care bout our club.

29 Nov 2018 13:17:58
King and the board have made mistakes with pedro and the money lost with his buys. He probably has went tit for tat on occasions with ashley when he should have showed restraint, who could blame him? There is no doubt though that king and co have our best interests and are fighting to keep these rats away from our club. If you listen to what he says about ashley and SD its obvious that they are just being obstructive. They are filling the courts with guff with no intention other than to be obstructive. The fat rat is just being petty because he can't get his own way. King might have his flaws in some ways but without him and the board we would probably still be in the 1st division with the fat rat bleeding us dry👍.

29 Nov 2018 16:55:35
He also didn't actally say the club would go into debt jboy mate he's twisted that bit. He said HE would over invest, spoke about over investingr from his own money and from his family trust fund. The one he is now claiming he can't access and is basically skint which he is now in court for lying about. If he's found guilty where do we go, I'm going to guess his fit and proper person status with the sfa will be revoked for a start. What happens if he's banned from being a direct or as both the above are high probabilities.

29 Nov 2018 17:30:01
So what you are saying Frustrated is bring back Ashley and the Easdales to rape and pillage or club or do you know of an investor willing to take our club forward? You might know more about this than me and I would love to know?

29 Nov 2018 19:23:57
Didn't say that at all mate. Just don't trust Dave King think we should all remember he was on board that took us down swanny the first time. He's done nothing to make me think I'm wrong, too many lies which people just brush under the carpet.

27 Nov 2018 16:18:43
Did Dave king fart at the end of EGM 38.07.

Agree2 Disagree1

26 Nov 2018 17:43:41
Who is all going to agm tomorrow. Want to hear financial plan going forward .
I'm hearing further share issue of 15 million.

Agree2 Disagree2

26 Nov 2018 21:30:07
If it is Jboy, we will be going round in circles for years, probably ending up - ronson lighter, comes to mind.

26 Nov 2018 21:52:33
Is that £15m or 15m shares jboy.

26 Nov 2018 22:49:41
We will find out tommorow. Looking forward to Stevie g being there.

27 Nov 2018 06:35:39
IOM

Have read it is £14-£15m.

27 Nov 2018 11:07:29
Mols did you read it. It says further share issue of 15 million, all I asked if it was £'s or 15 million shares.

27 Nov 2018 11:08:58
£ pounds iom still waiting u telling us how u propose to get someone to buy kings shares.

27 Nov 2018 11:09:41
Billy b, agree but there is no one just going to give us money
Can’t guarantee 10 mill plus from Europe. Don’t want to sell Morelos but will happen.

27 Nov 2018 14:34:31
I agree Jboy, but very, very dangerous and punishes the small investor.

27 Nov 2018 14:56:24
We surely can't just keep diluting the shares. That can't be the only plan going forward.

27 Nov 2018 16:33:18
Jboy our chairman will be fined or (less likely to happen) jailed on Thursday or Friday. Will the SFA withdraw his fit and proper status? . Who will step up to the plate maybe Mr Kennedy if King is out the picture.

27 Nov 2018 18:32:47
IOM

My reference is to another source I read other than JBoy. You seem fixated on challenging every opniIon he has.

27 Nov 2018 19:44:01
I'm trying to catch up on info from today and find it a bit surprising thst there wasn't much said about the finances or a plan to get back on an even financial footing. Thought that eould have been high on the list of questions asked.

28 Nov 2018 17:36:46
Mols, do u notice as well, this site is about sharing rumours
I see IoM has been in touch with judge re Kings outcome of court cases.
Wonder also how he knows Kennedy will ride in and replace king.

28 Nov 2018 17:38:31
Fb I agree with you, king once again got an easy ride. Have you seen his 6 minute interview, he goes some small way to explaining finance and the way forward,
Available you tube and rangers site.

28 Nov 2018 17:40:44
Return and frustrated, can you acknowledge our manager for thanking dave king? Probably not, you two will find a negative in Stevie’s summing up at the agm no matter what . I will for you again like Stevie . thank you mr chairman. and thank you for all the incredible hard work you dedicate to our club.

28 Nov 2018 17:43:42
Fb his talk on rangers news quite informative.

29 Nov 2018 00:22:33
He's hardly going to slate him is he. your a wee child molsgoals with your pathetic point scoring posts. I only asked why no one had asked about the financial side to find out plan for getting out of the hole we are in. Saw a bit of it jboy but his plan seems to be to sell barisic grezda etc for big money. Easier said than done we need to get them fit n playing well first. Still worries me that if we make a big loss next year again it's going to become a big concern how we move on from that.

29 Nov 2018 08:17:00
Tbh, king has spoken about it. He cannot go into future details, but he said there will likely be losses for another 2 years. This will result in further funding from shareholders and fresh investors.

As he then touched on the economic value of the squad, I'd assume they will be looking to trade some of the squad.

I think it's quite clear. It will ultimately come down to success on the park that drives everything else.

29 Nov 2018 08:17:43
FB

I think the plan seems to be to balance the books with a further share offer next year with the underlying business model to be just about profitable and grow the club year on year. I like you am sceltical if the revenue exists in Scottish Fottball to achieve this. As DK admits the only option is to achieve the later stages of European Competition to generate increased revenue.

If Gers post a similar loss again next year then you are right to be worried as the business is unsustainable. Cath 22 is if you reduce the cost base, you become uncompetitive and reduce revenue.

29 Nov 2018 16:48:21
Apparently I am not right to be worried mate I'm just doom and gloom and everything is rosy. Anybody who reads my posts on any of the other pages should know I'm not all doom and gloom. I think I'm right to be worried about our financial situation though as I'm feeling a bit of deja vu, especially if our business plan every year revolves around qualifying for grour stages of Europe, which is not easy, and diluting shares every year screwing the small shareholder.

03 Dec 2018 13:55:25
IoM can you advise re heavy fine and or jail sentence king got. I'm not seeing anything in papers here.

05 Dec 2018 13:54:10
I'm starting to think IoM is in the same cell as king, very quite.
Hope he is well though.

23 Nov 2018 23:54:34
Read a post on here that cause Gers posted a 14 million loss, that proves there is no secret backer.
Although I doubt we do have a secret backer, showing a loss does not prove there is not one. Remember tax is only paid on profits. (Celts will be paying our share tho) .

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26 Nov 2018 12:15:44
That’s true tax is only paid up n profit, but someone has to pay the £14m losses every year.

17 Nov 2018 22:05:49
I keep seeing adverts concerning SD selling last seasons Rangers stock for less than half price, who would want too buy it anyway? I wouldn’t even pass the doors of his shops. Why doesn’t he do something nice for a change and give his surplus stock to overseas charities.

Agree2 Disagree0

18 Nov 2018 00:43:43
NO chance of that Ulster, the man prob doesn't buy his grannie a Christmas pressie.

17 Nov 2018 09:32:26
D king claims he has no access to his family trust and can't provide the funds necessary to make a bid.

He has lost his case regarding contempt and now faces costs estimated in the millions.

If these facts are true, no money and no access to funds, what happens next to king.

Is it bankruptcy and disqualification from holding directorship, does he no longer continue to be a fit and proper person to chair rangers.

Will rangers take out further loans to cover his court costs in the hope of it being repaid later.

Will rangers disown him for bringing the club into dispute.

Answers are welcome.

Agree2 Disagree7

17 Nov 2018 11:47:07
I doubt very much whether the costs are in the millions - 6 figures maybe. The liability for payment of costs comes directly from King.

Rangers are not exposed to these costs unless authorised by the board and if this happened he would lose any support he has left.

King is playing games to frustrate the process of making the offer set out by the Take Over Panel.

King almost certainly could sort access to the trust for money at any time he just chooses not to. Where else can his contribution to the soft loans be coming from.

If he pushes this too far then the share holders could group to remove him but he and his allies have control of over 40% of the shares and it would to be raised as a resolution in the AGM at the end of the month or an EGM

He could resign as chairman but he still holds the shares and nothing in the Court requirements for him to make the share offer or to pay costs for contempt changes. He has to comply

Only other option is for him to sell his share holding which may get him out of the offer for shares but he will still have to pay the costs for contempt of court.

17 Nov 2018 19:44:45
Mols, you are correct, but why does one of the green brigade not show concern on the way Desmond carries out his business at the piggery.

17 Nov 2018 22:48:10
BB

Probably for the same reason no one questioned David Murray in our dominant period - they appear cash rich and are very successful. I don’t really concern myself with Celtics management so can’t add to that debate.

18 Nov 2018 00:45:31
Exactly dogey, Desmond if you ask me, taking celtic for a ride . making millions spending nowt.

 


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