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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


RFC

EXPLOSIVE EXCLUSIVE: Why the £10 million claim by Worthington on Rangers is bogus and how Doug Ware tried to line his pockets with Rangers cash

One of the joys of being in London is that folks come to see me from the Square Mile bearing documents of great interest. I shall not name my City Source. But I have obtained documents showing why the £10 million claim by Law Financial against Rangers (RFC) is utterly bogus, that Worthington (WRN) knows it is bogus and how Worthington boss Doug Ware tried to line his own pockets in an obscene fashion at the expense of Worthington going behind the back of poor Aiden Earley and Craig Whyte.

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Comments

  1. He says Whyte/Earley didn’t know – what we all need to remember the language all of this team speak are lies, its their mother tongue.

    Why it is almost amusing to see the LSE loons saying “they said it in a RNS” or “The Company requested the temporary suspension of its shares”. They struggle with the concept that people lie and are dishonest, being involved in a PLC doesn’t suddenly make someone immune from telling porky pies.

    That magic number 475 cropping up again

    “In May 2014, contracts were exchanged for the sale of our Keighley freehold property for £475,000, completion of the sale is due before the end of September 2014.”

  2. £475,000 again, in convertible loan form this time

    http://doc.morningstar.com/document/ef3291a5822afba56511fa8c61a1ef4a.msdoc/?clientid=ajbell&key=805803a4ca9fc338

  3. I’m sure it is all too much for my pretty little head but does this not put Worthington, Cenkos and Rangers as well as presumably some number of other people or entities in the same sinking boat?

  4. High Court First Instance – Rolls of Court

    Monday 18 April 2016

    Rangers / Worthington / Law Financial / Nunaminerals / Nunaglobal / Greenland Mining Management emerging CONglomerate

    Edinburgh HC
    Case Session Date Proceedings Case Reference PF Reference Court Name
    HMA v David GRIER 19-APR-16 Preliminary Hearing Continued SCS/2015-152941 CO14000356 Edinburgh HC
    HMA v Craig WHYTE 19-APR-16 Preliminary Hearing Continued SCS/2015-152941 CO14000356 Edinburgh HC
    HMA v Gary WITHEY 19-APR-16 Preliminary Hearing Continued SCS/2015-152941

    https://www.scotcourts.gov.uk/current-business/court-rolls/court-roll?id=ed5c0da7-8980-69d2-b500-ff0000d74aa7

  5. Worthington fraud update and do we see details of these emails TW please?

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