By Steve Moore | Tuesday 29 April 2014
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.
Having been placed into administration and a CVA proposal having been voted down, the business and assets of the previous holding company of Scottish football club Rangers were acquired and on 19th December 2012 the new holding company, Rangers International Football Club (RFC), was brought to AIM at 70p per share. With the shares currently at 22p, this second piece (for the first, detailing an extraordinary litany of woe from the December 2012 AIM admission to this point, click HERE) reviews the current position following an announcement on Friday of a summary of the findings of a business review which has left a union of Rangers fan groups “absolutely appalled”.
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