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Everything posted by NotfromFifehonest
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I believe on about 20k STs and a fresh share issue that the hedge funds can survive the season - there is no need for further public issue. They'd only be selling more to existing shareholders - the motion for authority for a further public issue was lost at last AGM anyway - the brothers Grimm/Laxey in cahoots with vague BPH/Margita blocked that. I'd luv them to go bust but can envisage they'll survive 2014/15
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The brothers Grimm on a wee holiday???: "Rangers directors hold showdown talks in London as they try to stave off more financial chaos at Ibrox" http://www.dailyrecord.co.uk/sport/football/football-news/rangers-directors-hold-showdown-talks-3668192 Record Sport can reveal brothers Sandy and James Easdale travelled to meet with representatives of shareholders groups Blue Pitch Holdings and Margarita Holdings before staging further discussions with the rest of the Ibrox regime yesterday afternoon. Talks will continue at 10.30am today at an official board meeting to be held in the offices of the club’s financial advisers, Daniel Stewart. The Easdales flew out of Glasgow yesterday on a morning flight to the docklands’ City Airport. Coincidentally on the same flight were the club’s shamed former finance director Brian Stockbridge and axed PR guru Jack Irvine. Rangers sources insisted last night that Stockbridge’s presence was ‘purely coincidental’ although all four were spotted chatting together in the departure lounge before boarding. On arrival in London, Stockbridge was seen heading for a train while the Easdales left in a taxi cab. But it’s understood the brothers were then involved in talks with the same mysterious investors who helped fund the £5.5million takeover which saw Charles Green, Stockbridge and Imran Ahmad seize control of the club’s assets two years ago. Blue Pitch and Margarita are now supporting the Easdales and sources claimed last night they will be willing to plough more money into a fresh share issue if, as widely expected, the club requires an urgent injection of cash after a dramatic slump in season-ticket sales. It’s understood chief executive Graham Wallace later met with the Easdales after flying back to Britain from a supporters convention in Canada. Wallace declined to answer fans’ questions when asked how many season tickets have been sold. Sources close to the board insisted last month 20,000 fans had renewed. Meanwhile, generous fan George Letham, who stumped up £1m in emergency cash to keep the club out of trouble in February, has still not had his loan repaid. Under the terms of his loan the money was supposed to be returned as soon as sufficient funds had dropped into the club’s account from season-ticket sales. And with June’s wage bill still to be covered at the end of this month, the regime’s need to secure fresh funds seems increasingly urgent. But before jetting back across the Atlantic for yesterday’s London talks, Wallace insisted on the club’s website that Rangers finances are not a cause for alarm. And he insisted fans can expect to see more new signings soon.
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I think to suggest 5,000 is on the low side........ However, their STs went on public sale today. So if you were feeling particularly anally retentive, you could go on the website and count the number of seats sold/unsold to date!!!!!!!: http://www.rangers.talent-sport.co.uk/PagesPublic/ProductBrowse/standAndAreaSelection.aspx?stadium=IB&product=ST1415&campaign=38&type=S&productsubtype= Certainly looks like there is plenty availability for those swayed by Wallace's and Elbows' propaganda from yesterday
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My only question is why Laxey etc don't just be done with it by selling the footballing division to Dave King or some fan group for £1????? Just keep hold of the assets in lieu of the massive sums owed by the International to the parent company and then rent them back to DK's Rangers or whoever. Let them suk-up the massive ongoing losses that division is gonna incur to keep their beloved 'Rangers' name alive.
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Stranglehold over what Tedi? The big money has already left the building and is a pile of bricks in Normandy/chez McSalary, etc. The assets are safely secured with the company but I can't see an enourmous worth in them. They're still gonna have to be rented-out to The Rangers or The The Rangers MkIII or whatever the footballing divion of the business is called. As is plain, that division is a lemon which seems only capable of competing in sporting terms by consistently overspending.
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Not having that much of a clue myself SN, isn't the theory that investors who previously bought-in at full price are compelled to keep going now................when they buy into the 2nd issue at, say, 25p then the average they have paid per share of their portfolio actually reduces. If/when the clumpany make the top division and become a more viable and valuable entity, then you have the prospect of being able to sell-up at a profit (or exiting without much of a loss at least). The alternative of not ploughing in more is the greater evil if it means you are gonna lose 100% of your original punt should things go completely tits-up. It is the proverbial money pit where you've gotta keep going to finish off the project. A silly analogy might be a (big) house renovation where you've gotta finish it off despite mounting costs in order to have some sort of finished asset at the end.