Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Footyfan - good that you have insulted the three bears for making an unsecured loan. Clearly that is of no help to Rangers and the 5mm loan with security over every revenue stream is much better. It was extremely wise of the board to refuse the 6.5mm offered by the three bears because it disgracefully had a clause in there that it would convert to equity. The club certainly doesnt need equity - it needs more of these reasonable loans that come with no drawbacks. I also fully understand why the transfer of the trademarks was not disclosed in anyway. No need - as you so poetically point out - "what issue here". No issue at at all! Fully transparent arms length dealings by your friends in the old board. First class business in a first class way!
If this is true can i please get an explanation from Footyfan, theMensch and SoF why this is good for Rangers Shareholers? Is this not just brazen theft? So the financing package offered by Ashley was the better option vs the one from the three bears? Or is everything you have written over the last year now being shown up as false, lies, garbage - feel free to choose! Lambias and Leech were operating for the good of shareholders? I'm a bit confused and would like your guidance as i know that you care so much for corporate governance and transparency and you are all senior figures in the city.
Footyfan - great to see an answer with logic and no abuse. TheMensch and SoF could learn a lot from you. Your analysis for how Ashley would have treated the "club" Glasgow Rangers is probably correct. He would have wanted to see the stadium fool and would use it as a showcase for his brand. He would have lent the club money, and in the process taken more and more earnings streams away from the shareholders. The end result would have been a company with heavy debt, that it would never really be able to pay off. Ashley would have swapped the debt for equity or forced an admin event - either way it wouldn't have worked out well for us the current shareholders. Ashley never wanted to see equity from third parties going into the club - which is what the club most desperately needs - because he clearly saw a clearer plan - one with him in control without ever having to buyout the other 91% shareholders. You could argue that Ashley would be good for the club but not the Company and its shareholders - that is certainly a debate worth having. Recent conversations with Newcastle fans would contradict some of your views but I can see the merits in your argument on the club side. Your may argue that King is going to try and do exactly the same thing as Ashley. Lets see but i would rather take the uncertainty over King's actions with the certainty over where the other lot were taking us. At least now the shareholders have a chance and there are enough real people on the board (I hope you agree that John Bennett and Douglas Park are real businessmen with their own opinions) who will take a stand.
Mensch I am happier being delisted than the situation we have been in for the last two years. The listing has done nothing to protect us from horrific connected party transactions (being run by a 9% shareholder largely for his benefit) and AIM never forced the great corporate governance you hanker for. The benefits of a listing are often outweighed by the costs and it is no surprise that some of the largest fund raisings this year have been for private rather than listed companies. This Company has been run for the benefit of a minority of shareholders for too long and despite some of the current board's colorful past i do think they will run the club for the benefit of all shareholders. That to me is way more important than an AIM listing. I appreciate your interest in my education. I can only imagine the horrors you went through at school, culminating in the twisted hatred that comes off your keyboard. At least your recent reply clearly outlines your hatred of rangers and its supporters. Do your worst and we will do our best. The tide has turned and your rage covers me in goosebumps!
Mensch your reply explains why i will miss this page so much. You know nothing about me but assume that i am a cretin because i support Rangers. You are clearly a big man in the city as they spend all day on websites like this talking garbage. Rangers have escaped the death spiral we were in two months ago and it clearly makes you and your chums sick. As a shareholder i feel in a much better place and will happily put in for the rights issue and sweep up shares at 20p, let alone 2p in the fictitious grey market. See you next season in the premiership and when you and SoF set up a isdx share discussion page look forward to chatting then!
surely SoF and TheMensch can provide a service where they can send real rangers supporters and shareholders depressing and insulting texts every morning? I have got to quite enjoy them. For a moment i sometimes even think things have got better in the last month - don't we have a decent manager? Fire in the belly? Supporters tuning up? proper atmosphere? Likely promotion? Then i come on here and it all makes sense again. I will miss you!!
when this share page is shut down? Will you set up your own one?