Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Stuz now that its been proven that King lied are you still defending him and blaming Ashley ?? I asked you 4 weeks ago if King failed to produce a Nomad would you admit he lied ..you said give him time Times up are you going to admit king lied to us all??
As expected the BBC are reporting that shareholders are taking legal action over the delisting this will run and run expect the new board to be in the dock re this not the old one ...that's where fingers must be pointed
Jas ask the question why did AIM feel the need to block RIFC ?? Why in the RNS does it say future board members where Fit and proper ...but King has to go to court? Why if this is such a good deal did King not announce it prior to the EGM ? and we will find out on the 7th if a listing is possible even on ISDX
an I ask a simple question regarding the RNS If King is Fit and Proper why does he need to go to court to get permission ??
I see the pro and anti fundamentalists are at it again, no free thinking allowed unless it fits the mind set of either extreme for what its worth My Anti old board stuff ...If as deloittes have now confirmed they intended to resign in June why was this not announced to AIM or the registrar as legally required ? Why was the revenue streams sold off so cheaply ? And most importantly why was 4 years wasted in reducing overheads and bringing expenditure and revenue more into alignment?? My anti kings stuff Where is said transparency? Where is your 30 million promised investment ? And no hiding behind the Fit and Proper person test that he was NEVER going to pass. Where is the Nomad you promised ? as to the seven year plan aye that's what is needed get the basics right and then build, don't rely on a sugar daddy not this sense of entitlement that some fans still have .."our rightful place" ****e gets on my tits rangers are where they deserve to be end of story
can we expect a hard question from the media then Mr Murray when did Delloites actually resign ? and to Delloite’s when and why did you resign as auditors ?? simple you would think ??
Wottpi I think the statement is clear the issue is someone is lying, they either resigned in September after the accounts or the didn't we know the old board have consistently, we know king has ..but are you suggesting that this board is now??
Craggy If TRFC do get promotion that would then suggest that they did act in the best interest surely ? and why do you think delisting would be good?? it makes it easier for dodgie directors to rip the **** after whats happened for the last 4 years is that really what you want ??
Stuz decent analysis only one issue they didn't lose the Nomad ....kings involvement caused that He said " we will remove them as a the nomad" he also said on the 6th of march "King: Nomad will be in place for Rangers rebuilding job DAVE KING has moved to allay fears over Rangers' Stock Exchange suspension and again insisted he has a new Nominated Advisor lined up to come on board at Ibrox." from the evening times and "He will appoint a nomad next week, he says, which will provide confidence to the city and potential investors over his suitability, as well as the SFA who are set to discuss the issue in early April." from the record now I asked you 3 weeks ago would you admit that he had lied to us if he didn't supply said nomad you agreed that this would be that case is that still your opinion ? the Newcastle stuff is just fecking nuts park has a long road ahead
@sof mmm where to start on this "The cost of these loanees, which has not been disclosed, is unlikely to be significant" can you back that up with any figures ? Any extra cost to a loss making enterprise is significant and I have heard figures up to 75k per month for the 5 of them. If mcculloch is a hammer thrower why didn't the pervious regimes not get rid of ?? I fail to understand what he has to do with the 5 new guys ..so im guessing you are just trying to cloud the issue As to the "Level 5 also gave us the lie that they must be played when fit. The Daily King ran with Traynor's lie." sorry to correct you that was a direct statement from the acting manager at the time, he claimed to have been told that he was to play them. You still haven't explained why none of the five where given a medical before signing ..it was either incompetence or malfeasance ..which ?? as for the loan The red 32 sponsorship was for a club in the 3rd tier Celtic make between 2 and 2.5m per annum Rangers should be expecting close to that and would expect to be in the top tier by 2016/17 when cashley gets the money (not 17 as you suggest) the 20 million is simple as you conveniently forgot Murray park from your list funny that (are we back to picking facts that suit your self ??) any while we are on why are you using the 10m this was all agreed on the first tranche of 5 million A return of 13% on a secured loan taking your doctored figures??? now that's good can I get a slice, I can borrow at base + 3 from RBS and make 9.5% your point 3 just what ??? have no comprehension on what you are trying to say bringing king and murray in to the argument is simply witabootery so not going there if you read my posts on them before you assume I'm in their camps so we have you selectively picking facts to suit yourself and the argument we have you clouding the issue by throwing spurious stuff in we have epic witabootery can we please have some reasoned argument next time a very poor D- and only that because you made the effort
Footyfan my understanding is that Dermott bought preference shares which gives him a dividend yearly these are scheduled to be converted to ordinary shares at a later date As to paul I'm sure he will buy shares at the next rights issue and there for insure the money goes to Rangers under control of people he trusts and not Green or cashley. And do you have 1m to give away ??? and any investment in this stock is an emotional one and not a financial one Stuz im sure if he had just paid celtic to pay them his payments to celtic would have appeared in the accounts ...that's why I think that was just an myth ...happy to be proved wrong though
in a nut shell the SFA said paul murray resigned, and reported to the SFA , HMRC and company's house that, he couldn't get info was being excluded and there where no board meetings King did nothing but send a couple of emails asking for info ready to go and in place would mean on day one would it not ?? he told us he would be sacking Ireland and the shares would not be suspended as he had one in place did dermott pay for them ..or is that an urban myth???...if he did that would be a third party payment and would have to be lodged with the SPL
Stuz I suggest you read the SFAs report in to Whyte particularly its criticism of King and his failure to do anything for 12 months in respect to Whyte. on 2) simply he didn't do his due diligence, not what one would expect from a leader of his status is it As to 3 there where NO other routes as I tried to explain to you on various occasions and even if he does get approval it opens another can of worms in respect to HMRC and a bond and as to the NOMAD; he did assure us that there WAS a NOMAD ready to go .....that was simply a lie or it would be in place only 7 days to go mate we will see footy fan because he's wealth does that mean he has to pore money in to Rangers ?? I give you desmond at celtic after his initial investment ..not a penny ..hes there to make sure they are run conservatively and with in their means
Absence of proof is not proof of absence I would suggest that until w have evidence in the public domain (and phil saying it is not evidence) that bills are not being paid; we assume that IF bills are not being paid we have not yet reached the litigation stage
I find it strange, as im not in any of the 2 diametrically opposed camps how in one post both sides can be so wrong SOF you honestly expect anyone to agree that the pervious camp had rangers best interests at heart 1) signing 5 loanees at significant extra cost ...3 of whom where injured, with no medicals 2) giving Cashley 26% of a company you claim is worth 60,000,000.00 GBP and making a return of 1,000,000.00 GBP ish, 75% of shirt sponsorship worth potentially 1,000,000.00-2,500,000,00 GBP per annum, for a loan of only 5 million GBP that was secured on assets worth north of 20,000,000.00 GBP 3) paying SD to close they unprofitable stores. 4) and finally a chairman that if he had tried couldn't have ****ed off his customers any more those 4 points kinda suggest that there was an separate agenda, to load every contract against the club On the other side we have CB and Stuz whos defence of King goes from the comic to the tragic 1)This is the David Cunningham King who sat on his hands while whyte forced Oldco in to liquidation, 2) who must have known he would be subject to section 216 of the Insolvency act (feck we did), who purchased his shares on jan 2nd in concert with the 3 bears with the intention of removing the board and becoming a director if not Chair ... 3)Who waited nearly 3 months before even attempting to seek the court approval (which CB and Stuz claimed on multiple occasions was not required) 4) Who lied in respect to having a NOMAD both your positions one that black is good and white is bad and vice versa are equally preposterous Try some independent thinking girls The previous board needed removed as they where running the company for the benefit of one large share holder and not the club so im on CBs and Stuz side on this That said King can not and should not in my opinion ever be an office bearer in this company his is NOT fit and proper and has already lied not a good start is it?? Paul Murray for all SOFs vitriol towards him must have stolen his Tonka toys as a child, is a wealthy man whos personal wealth is well in excess on anyone posting here ..if not in Parks of Kings ball park. he doesn't have spare millions to pore in to rangers but will have their best interests at heart. However I don't think its in his skill set to run a complex company like this. Sorry for the long post
You would think some one set him up to be so blatantly wrong...who would do that ??
just to be a pedant again I noticed that SOF ..jack ....was wrong again he claimed that "If Mr Park picks up the tab with no interest there will be no RNS" my reading of the RNS is that that's exactly whats happening And Stuz just to point out because King is seeking approval ...in no way guarantees that that approval will be forth coming as pointed out last month
a pedant because I disagree with your agenda?? I must be doing something right as both the Cambridge/stuz camp and your Cashley side dislike me individual thinking mate ..not group think and just to make sure my poor head has this correct If park/king/whoever give an interest free unsecured directors loan ..that doesn't need to be disclosed ?? the actual amounts don't matter and as far as you are concerned the second tranche as of now hasn't been drawn ?? am I about correct there??
is a certain poster has been banned then that will help the whole tone of the site
more silly questions from me If the 5m hasn't been drawn down what is going to pay the wages this month?? And if king or the 3 bears have injected funds, do they legally have to issue a RNS to inform the share holders ??