Member Info for Sitonfence

THE DAILY TELEGRAPH IS BANNED FROM ST JAMES PARK BY ASHLEY. IF YOU READ MY POSTS TODAY YOU WOULD KNOW THAT SALIENT DETAIL.

CB - The answer to that is simple. They did not expect Mr McCoist to tender his one year notice which entitles him to £62.5K per month. When morale was at rock bottom they brought in Durie from the academy and gave McDowall the reins. They also elevated McCulloch to the coaching staff. They then had to defend a hostile takeover and could not focus on the team for a short period. They knew McCall was available but his experience at Motherwell was perceived as nothing special. McDowall would have been replaced in the close season and with the loanees they had thought they had done enough to deliver a squad that was good enough. McCall is only the interim manager and is being paid buttons. Hearts turned up yesterday in their flip flops and Hibs are in disarray, so try to gain perspective.

Propaganda.

@CB and Non-Sensicle - You can print all the black propanda that you can find, but with Ashley you had a man with real wealth, shares that were listed, a NOMAD, and two executives with the experience and track record to succeed. You replace them with a lying boycotting criminal who was attempting to devalue the stock to buy Rangers for a song and with delisting is now executing plan B, which also delivers Rangers for a song. He is aided and abetted by a guy who cannot turn a profit to save his life in any of his past ventures. What a track record. How did they possibly gain power? A criminal and a failed entrepreneur. Let me guess, they are real Rangers Men so they will always act in our best interests? Right? Wrong, just take a straw poll of the thousands shafted by King and Morris in South Africa. I rarely mention CFC as it's not the Rangers way. However CB and Non-Sensicle think that Dave King is cut from the same cloth as Fergus McCann. McCann was successful. he was not a cheap spiv on the make like King. Drop by The Rangers Supporters Loyal page in the close season when you realise that King was lying.

@CB - we were saddled with two guys with experience of running a football club, as opposed to Paul Murray who cannot turn a profit in his heavily indebted ventures. I'm sure he will do better with his sweetheart deal at Garrion and his new vehicle Rangers Media. Is he planning to enrich himself at Rangers' expense. Of course he is. His saddlebags were opened on day 1. Then there is the criminal rejected by 12 NOMAD who you believe will elevate Rangers to the CL? What a sucker you are buddy. When it becomes apparent in the close season that King is expecting the fans to pay off The Ashley loan with a rights issue, and only free transfers will be available to McCall, look me up on Rangers Supporters Loyal (with fellow board member gordorfc) to remind you of how stupid you have been.

@Siogeo - You asked a number of questions under the banner that I am a Rangers hater. Is this how you hope to elicit a response? First of all, let me give you a quick history lesson. Craig Whyte raised £18M using Ticketus funds and engaged in a pre-package administration that failed. James Traynor, who now provides PR for the new board, was Sports Editor at The Daily Record at the time. Under the byline of Keith Jackson, he was proclaimed as a billionaire with wealth of the radar. He was also a Rangers Man so it was all good. So forgive me for being apprehensive, but when James Traynor informs me that Dave King will deliver the wherewithal to elevate the club to the Champions League. I know it is BS. As was the BS masquerading as an RNS by Potless Paul. Charles Green pocketed between £10-£17M during his tenure at Rangers, yet he is still seen as a saviour. King cannot believe his luck. He has the most stupid shareholders to exploit, so stupid that when ripped off by Green they just accept it. Now it's his turn to shaft everyone, just like that other Rangers Man, Craig Whyte. As for The Grey Market, I work in the City. This weekend a friend and fellow Rangers supporter was offered 3p per share by a broker that has a history of acquiring distressed shares and trading them at a small profit. With the RST and Rangers First , quite incredibly, willing to buy shares, this broker senses a quick profit. I have heard from a less reliable source that they were willing to pay 5p per share. As of tomorrow, the King appointed broker will be up and running and with greater supply the price will drop to a maximum of 2p. Not Rangers Hating, just Basic Economics.

@CB - You know that this information is not in the public domain, hence why it's called The Grey Market. They don't publish trading volumes. You are either being stupid or facetious. If you retained shares when a King hostile takeover was imminent, I will conclude that you are the former.

@TheMensch - There are three reasons. Laziness, fear and circulation. I will deal with that latter first. The Daily King is in a circulation war with The 'Scottish' Sun. They try to outdo each other be being the most pro-Rangers. If you ever were misfortunate enough to read The Evening News you would be subject to a newspaper resembling a Rangers fanzine. Since Llambias & Leach did not do press, they had to be replaced. Step forward James Traynor, former sports editor of The Daily King and communications director at Ibrox. He is on the payroll of the new board. If you want access to the board and his drip feed of easy PR. you had better play ball and not court controversy. SDM did the same with his weekend dinners for the Scottish press at his home in Jersey. Why engage in investigative journalism when all you have to do is cut and paste the latest PR from Level 5. I will now deal with fear. Jim Spence at the BBC received death threats when he stated, in a tweet, that Rangers were dead (he used a pejorative term that I won't repeat). Graham Spiers also took the view that Rangers died and that the new club is not a continuation of old. He is now so despised by Rangers fans that his media work has dried up. Tom English of The Scotsman has been relatively fearless but does not have the budget to investigate King in RSA. Finally there is Roddy Forsyth, who is a Rangers fan and shareholder in the old club, who writes for The Daily Telegraph. The Telegraph is banned at NUFC by order of Ashley, so it will come as no surprise to find articles that are anti Ashley and pro King. The only place to find the truth about this crooked board is at blog posts such as the excellent Rangers Supporters Loyal, McMurdo and if you want your information to be tarred with a sectarian brush, PMG. This board closes tomorrow. King will be delighted that his lies will be less exposed as he rips off his latest suckers.

The King Lemmings at Rangers First and RST hold 2,444,400 shares. They are now worth £73,332. I hope that's close enough for you? Or will they settle for 1 share in Micromega for 100 in RIFC? Mr Morris has managed to ramp up the capital value on the NOSA deal that was a part of the SARS preservation orders against King. Incredibly, by paying a part of his tax liabilities by repatriating this assets, Micromega's capital value improved exponentially to a factor of 25. Spellbinding stuff. So which will you choose per 100 of your shares CB? Will you take £3 at King's broker or take 1p per share at Micromega, prior to Mr King & Mr Morris' next game of three card Monty?

If you were in the City, you would know which broker to contact. As your posts make obvious, you are not so any attempt to sell your shares should be executed at King's appointed stockbroker. I'm sure you and the King lemmings will sell to his broker at 2p, or wait for his swap deal. As long as you have a minimum of 100 shares, you should have no problem. I sold at 33p. I knew King would be toxic for this share. 12 NOMAD agreed with my assertion.

You had better whisper it Footyfan as it does not fit with Murray's Mantra that the club was broke and needed his 120 day forensic review. It's that how long it will take for BDO to deliver a payment to Metlika/Ben Nevis? Mr Murray should have paid attention to the SARS deal. If King receives a payment SARS will take all of it due to their preservation orders on Metlika/Ben Nevis. Mr Murray will have to settle for loans from TPL. I trust they will match their £1.5M with a similar loan this month.

Correction - the article refers to Mr Murray. This should be Mr Greg Morris, Mr King's co-defendant on racketeering charges whose job as treasurer and FD at Umgeni Water (with invented accountancy qualifications) was used to the benefit of King at Specialist Outsourcing, before they trashed it by siphoning off its share value. Specialist Outsourcing was JSE listed, as is Micromega. King & Morris' latest scam. It would seem that financial probity is not important to the other 400 members of the JSE. Mr King, with his invented Chartered Accountancy qualifications met Greg Morris, with his invented accountancy qualifications, at a country club in South Africa. They proved the adage that two lying spivs are better than one.

I refer you to the article from the business pages of South Africa in regard to King's favourable outcome. He has lost his homes, his aircraft and his cars to pay off his tax liabilities and if he ever found £10M to invest that was not declares, SARS would be back for his shirt. Now that the shares have been devalued he has two choices to rip off the shareholders and fans. He either acquires a majority holding at fire sale prices or he puts RIFC into administration, replacing the holding company with one of his own in RSA. A rights issue is required to raise £5M to pay off Ashley (be sure to give generously) and when the assets are unencumbered, he will sell up and leave carnage in his wake, just as he does with every company that is unfortunate enough to have him on their board. Somers, Llambias, Leach and James Easdale are not criminals. King is. You have replaced four men of integrity with a retired executive, a failed entrepreneur and a shadow director criminal. Well done to you and the mob.

"BUSINESSMAN Dave King and several companies associated with him have quietly reached a confidential settlement with the South African Revenue Service (SARS) that saw two provisional preservation orders being made final on Thursday — in spite of his vowing to fight to prevent just that. The preservation orders, made final by the North Gauteng High Court on Tuesday, will see several South African assets belonging to Mr King and the companies that are associated with him sold, including Metlika Trading, Talacar Holdings, Gaius Atticus and Ben Nevis. Mr King will be allowed to continue living in his Sandhurst property in Johannesburg until January 7 2014 year. The property will then be transferred to Sechaba Trust director Cloete Murray, who was appointed as curator in the first preservation order. Several efforts to obtain comment from Mr King yesterday were unsuccessful. He had been back and forth to court since SARS was granted the initial order in November 2013 Mr King came to SARS’s attention after the sale of shares in JSE-listed Specialised Outsourcing in 1997. Ben Nevis owned the majority interest in Specialised Outsourcing, established by Mr King. Tax assessments by SARS against Mr King and Ben Nevis at the time were close to R2bn. The proceeds of the sale of assets preserved by the orders will be paid to SARS to offset the tax debt that has been outstanding for more than a decade. The assets include the Sandhurst home, properties in Plettenberg Bay, a Fancourt property and vehicles. Mr King has also been ordered to resign as a director of Talacar and Gaius Atticus. He and Talacar were ordered to sign all necessary documents to register the 49% shareholding, previously held in the Gary Player Stud Farm by Talacar, in Mr Murray’s name. SARS obtained a second preservation order last month for all the South African assets held by Mr King and his wife and children to prevent the dissipation of assets, after it became known at the end of last year that a shareholding in Talacar had been transferred to Mr King’s family in conflict with a court order already obtained by SARS in 2010." ________________________________________________________________________________________ Allow me to translate for the stupid members of this board who voted for King. He has lost his shirt. All his properties, aircraft and cars sold to pay his tax liabilities. He had hoped to keep the details off the record, but this report from the leading South African business journal states that Mr King did not receive a favourable outcome. So far he has used one trust, held in his wife's name, to buy shares from a third party. The plan was then to delist and acquire a majority holding. He would hope to then sell this to a third party for £20M+ at some time in the future. King is on his uppers. However with so many suckers at Ibrox his latest scam will be his easiest to execute.

There won't be any footie if you are relying on the Lying King.

CB - you are so spellbound by King you have no objectivity. The previous board had been in position for less than three months. In that period of time they secured a NOMAD, and finance to get to the close season. They also arranged a loan for Vuckic who has scored 5 goals in as many games. Rangers have the second best squad in Scottish football at a cost of £7M per year. If they are now playing for McCall, why did the not play for McCoist or McDowall? As for McCall, he was unemployed and would have signed up if Pol Pot was in the boardroom. Your new board are a sad joke and a few good results won't hide the fact that they gained power on a tissue of lies.

Chance of promotion? It's guaranteed given that Hibs have capitulated. Match winner Vuckic was an inspired loan by the old board, who managed to raise £10M in three months. The problem is next season with 23 players either out of contract or loans at an end. Are you looking forward to spending next season trying to avoid relegation given that King lied on his proposed investment?

I agree Aquaboo. This lying new board can appoint anyone they want and their acolytes, who inundated AIM and the FCA with complaints, will fall into line to accept their share dilution with good grace. King's co-defendant on racketeering charges, Greg Morris, would make an excellent Financial Director. When it comes to inflating penny shares, The Greg has few peers. I would not let his lack of accountancy qualifications lead you to question him. I'm sure he must have studied at the same Scottish university that led to King being a chartered accountant,

@CB - Be sure to point out that KIng's latest acquisition has a capital value of £2.4M and falling fast, in sharp contrast to the exponential growth in capital value at Micromega. I'm sure he and his co-defendant on racketeering charges will be generous, let's say 100 shares in RIFC for 1 in Micromega? With King's ACCA qualifications from an unspecified Scottish university and Greg's FD qualifications in the post, I'm sure you'have a level of comfort to invest more.

King's plans to shaft the major shareholders and the individual holdings of fans is now in full flow. Shares are now trading at 3p. By Tuesday the prediction is 2p per share. The problem for King, apart from the impending legal action, is that not one of the institutional shareholders are prepared to sell to him or agents acting on his behalf. King expected this so he and Greg, his co-defendant on racketeering charges, are working this weekend on their share swap templates, as they ponder the ratio of new shares to old. 100 old for 1 new would be the ideal approach. Can the shysters pull this off? it will be effortless at the RST and Rangers First who were stupid enough to back King and might as well go all out. They are happy to play in the King casino with other people's chips. I trust that the fans will now cancel their monthly direct debits to these King zealots. The share swap incentive will be a Level 5 production.