FCA regulated institutions will still be able to deal with Rangers FC, should they want to associate themselves with the financially toxic soccer club, but as of today they can have no dealings at all with its chairman Dave King. The cold shoulder ruling was imposed by the Takeover Panel today.
Brokerman Dan has been replaced as the maps man on our Woodlarks Charity walk on Saturday. Perhaps we now know why in his former career he did not always get away. For it turns out that the walk is not 32 miles but 33. Lucian has mapped it out in full. Cripes. We now need just over £2,000 to reach our £20,000 target so if you hav e not yet sponsored me please do so HERE. Get us to target & I will shut up about it. In the podcast I look at IQE (IQE), Rangers FC and another date in court for Dave King, Thirsty Paul Scott not understanding what research means & wanting me not to cover Sosandar (SOS), Cenkos (CNKS), ADVFN (AFN) and Online Blockchain (OBC), Highlands Natural Resources (HNR) and Fishing Republic (FISH) which, I think, is AIM toast in waiting
In the last year, ShareProphets has produced 3733 articles from the scandals of Telit's Oozi Cats to the scandals of African Potash to the scandals of Cloudtag. Here are the 100 articles and 25 Bearcasts that were most read by ShareProphets readers.
A month ago, Tom reported the Takeover Panel’s decision that Dave King should make a 20p offer for Rangers International Football Club (RFC) (HERE) and also commented on King’s ridiculous response (HERE). Well, King has point blank refused the request to make a bid but the Panel is not backing down without a fight.
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Earlier today the Takeover Panel slammed the dodgy antics of Dave King on numerous counts and ordered him to launch a 20p per share, £14 million, bid for the 85% of Rangers (RFC) shares he does not own. King has responded with a statement of complete and utter horseshit showing that he holds the law of the UK in contempt. King has issued a statement via Rangers which it is worth dissecting for the half truths and bollocks it contains. The statement follows with my comments in bold.
The Takeover Panel has today slammed Rangers (RFC) supremo David King for breaching the UK Takeover Code as well as being a prize arse in not co-operating, indeed appearing to obstruct, its enquiry. The upshot is that he has now been told that he must launch a 20p per share offer for the 85.43% of Rangers he does not own by April 12. That will cost him up to £14 million if everyone accepts.
Rangers FC (RFC) has announced that it will postpone its ISDX stockmarket listing until the criminal cases against Charlie Green, Imran Ahmed, Craig Whyte and others are concluded. Pro tem Dave King and associates will bail the club out with short term loans. This is all to do with who owns Ibrox.
Featurng all your favourite players in this mad old tale: Craig Whyte, Charles Green, Aiden Earley, Paul Shackleton, WH Ireland, Dave King, Mike Ashley, Old Mother Worthington (WRN) et al. The big question is whether Rangers FC (RFC) can get a stockmarket flotation away and if so when? It is that which I try to answer in this podcast
Rangers International Football (RFC) recently announced the appointment of Peterhouse Corporate Finance as its ISDX advisor, and sources close to the deal say that ISDX is desperate for RIFC to join its junior market in London. A few uncertainties remain.
We had rather missed the comedy show that was Rangers FC (RFC ) as a listed company since it was booted off the AIM Casino on April 2nd 2015. But the club has now taken a step to regaining a listing on ISDX, the market formerly known as Plus. Good news for comedy fans everywhere. Rangers listed and the trial of Craig Whyte of Rangers and Worthington infamy, an autumn of hilarity awaits.
I am delighted to see that 85% of shareholders in rangers FC (RFC) voted at the EGM to boot out the Ashley patsies and vote on the Dave King slate as directors. But there remain a series of questions about the club’s future on AIM and also about the behaviour of disgraced advisers WH Ireland and Newgate Communications.
The almost universally detested board of AIM Casino listed Rangers FC (RFC) had a cunning plan to deny shareholders democracy at the forthcoming EGM: hold it in London. While 2,000 might have attended the last bun fight in Glasgow, the tossers who advice the Mike Ashley Minion led board reckoned a venue holding 500 down South would do. Oh no. As we predicted at the weekend: Problemo.
Rangers (RFC) has announced plans to hold an EGM to vote on a wholesale change of board. The plans are a disgrace, for the EGM is to be held in London at a venue that can hold only 500. Most Rangers shareholders live in Glasgow. This appears a deliberate attempt by Rangers and its shamed financial adviser Mr Paul Shackleton of WH Ireland to disenfranchise fans.
I shall turn to the matter of the forthcoming Rangers FC (RFC) EGM later but the high-handed statement signed off by its adviser Mr Paul Shackleton of WH Ireland yesterday should be viewed in light of a shock revelation I serve up today about his own actions (or inactions) regarding AIM listed China fraud Naibu (NBU).
Companies on AIM are meant to post price sensitive information via the Stock Exchange and under Rule 22 they also have a duty to ensure that it is accurate. But Rangers FC (RFC) is advised by China fraud specialist Mr Paul Shackleton of WH Ireland and so yesterday it posted such (mis) information on its own website only. It then withdrew even that release but luckily I have a screen grab for you below.
Rangers FC (RFC) has still not shown a shred of evidence to demonstrate that in accepting loan proposals from Mike Ashley and rejecting other refinancings it acted in the best interests of ALL shareholders. The Ashley minions who run the Rangers board are clearly loathed by the vast majority of Rangers supporters (rightly so in view of the refusal to provide evidence) and businessman Dave King has stated today that their days are numbered.