A seat on the Board. I'm sure there is a queue a mile long of folks wanting to stick £150k, or thereby, into this company when the "I" word seems to appear in every second sentence uttered about it. The PI's are just treated like utter mugs here. It is a crying shame that a football club with the tradition and following that it has is subjected to this continued nonsense. Personally, I think that investing in Scottish Football clubs is way beyond risky. The current "custodians" care little for the clubs and even less for the fans/ shareholders. The utter debacle at Hearts demonstrates this. In my view it is almost inevitable that this club will enter another process, probably Administration and hopefully not another Liquidation, before it gets anywhere near the top league. Horrible investment with "accident waiting to happen" stamped all over it. For those whop are invested though, very good luck to you.
RE: Re The man with the liquidation..
A seat on the board can be achieved with 500,000 shares as long as you have the backing of proxy shares. Just ask the Easdales if you require confirmation.
Maybe 30 minutes was hyperbole, but RFC is an inherently interesting stock as it differs from many businesses in fundamental ways: fierce emotion on the part of some investors and many customers; bulk of income arriving at one time in the year whilst costs incurred on an ongoing basis; willingness to trade at a loss in the belief that revenues will increase in two to three years' time; rumours of impending disaster; highly public leaks; uncertainty as to whether the market (Scottish football) will be adjusted to sustain this company. It really is fascinating to watch.
RE: Re The man with the liquidation..
Hi Jupiter thanks for your response! Excuse my ignorance but you refer to trust funds that have less than 1% of shares who wish to raise this to 1m or circa 1.5% wanting a seat on the board - surely this is way too low a shareholding to get a seat at the table?! What is the usual percentage of shares required before an individual or company is allowed such representation? Cheers!
Buy assets out of liquidation
I see a few people on here are looking again at a possible asset play here - that is going to be very difficult at the moment given the claim to the assets by Whyte and other assets now securitised. I've said before if an insolvency event is to happen and rangers as a football team continue then administration with a successful CVA is the only play here. Any acquisition out of admin will see the club likely spiral back to third division IMO. Any suggestion of buying assets out of liquidation is nonsensical. A liquidator cannot trade a business - on entering liquidation there are no employees that come along for the ride - the only assets are tangible assets such as stadium, training ground etc that can be cashed in. Dave king will not be buying the assets out of liquidation.
Struggling to buy PMG's latest post to be honest (albeit it makes sense Intuitively). a secret meeting invite only where a guy spends 30mins of a 45 min presentation talking about an apparent 'dog' of a stock.
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