Member Info for SaltedPopcorn

So that's an admission that the shares are worth only half of their pervious lowest price?

Well, time is what I don;t think they have. Two weeks and the shares get delisted. One and a half weeks and there's payroll. Who knows whether there are any timebombs due to go off even sooner.

Absolutely - only St Mirren and Motherwell to worry about. So easy they probably won't even need players - why not let them all go over the summer?

Stu - you are right that we don't have precise information, but reading your post you seem to be saying that the club might not be in financial trouble - indeed, that it might he in a healthy financial state right now. Surely common sense alone would tell you that this stock - suspended for two weeks and with no visible cashflow - is in deep trouble.

Well if you're looking to stop the haemorrhage of 1.75m a month by selling pies and bovril...

It's not me they're getting. :D

Whether season ticket holders turn up is immaterial once they have bought their tix. Wottpi is correct in looking at the marginal increase in gates since King took over.

Chuckles may have pulled a fast one, but he was greatly helped by the uncritical adulation of a baying mob who didn't want to believe their club had died - and a very amenable press willing to print his press releases with nary a question.

I don't know whether Cambridgeblue promised full houses but Stuzeeuk did: http://www.lse.co.uk/ShareChat.asp?page=12&ShareTicker=RFC&share=rangers_int

20 pounds a ticket is optimistic - some of those tickets will be for concessions or kids and even adults tix start at 17 pounds. I reckon 15 pounds an average ticket is being generous - maybe even nearer 12. .

The medium term will take care of itself - how are the bills going to be paid in the short term? The bank account is empty, there is a debt, and there are bills to pay in the next few days.

This is the second time. The first was for questioning the integrity of members of the old Board. History seems to be supporting me on this one. The second was for calling a member of the new Board who sought to cause offence based on religion a bigot. Chambers Dictionary supports me on this one.

Stuart McCall is reported on the BBC (http://www.bbc.com/sport/0/football/31895075) as saying:"if you take the four lads [January loan signings] from Newcastle, who probably won't kick a ball for us, out of the equation, it's not as big a squad as you'd imagine..." This looks to me to be all the evidence you need that the previous directors were not acting in the best interests of the club. Four loan deals that results in injured players being taken off the payroll of NUFC and onto RFC with no prospect of delivering any services. And when one of those directors was a former CEO at the beneficiary of this one sided deal; and when another was a senior employee of the owner of the beneficiary of the one sided deal, it looks intentional.

When your previous club claimed to be the most successful on the plant based on winning a two horse race more than its opponents it just sounded a bit sad. But to claim that with your new club, having spent astronomical amounts of money to win two amateur leagues and sit on the precipice of bankruptcy whilst in third place in the second tier of a minor league... That's just delusional pal.

Given that shares are now worth 2p, that gives a market capitalisation of Sevco of 1.63m. For a club with no assets, debt, compromise income streams and heavy outgoings this seems quite high.

I am not an expert and I may well be wrong. I had thought the chance of delisting when King took over was somewhere north of 50%. But now, a week after a week of suspension, I would say the chance of delisting must have risen to something like 80% or more. It gets higher every day. It's not just the alarming fact of not having the trading reinstated, it is the complete absence of any statement of action or intent to get the suspension lifted. It is looking more clear every day that those shareholders who voted for King have been sold a pup.

I am sorry you have lost all your money Podga. I am surprised shareholders voted for oblivion in the EGM but what's done is done.

That's right - the price you pay for real Rangers men is that you lose all the money you have invested. I am sure this seemed like a price worth paying, though.

That would be poetic justice :D

This idea was being touted on Do The Bouncy the other day. You couldn’t make it up. It was pointed out that before the tradies and labourers get stuck in, there is a need for expert services to do their stuff – and they are unlikely to want to work for free. Moreover, there would be issues with insurance if work is carried out by volunteers who would not be covered by professional indemnity. Moreover, any work that is done on the stadium will simply enhance the value to its owner (whoever that might be) and result in a higher asking price when the next phoenix club tries to buy it. Nevertheless, you have to applaud the sentiment – trying to engage with the community and do something practical to try to move forward, rather than just chanting old slogans.