Frankie 8,664 Posted January 9, 2012 Author Share Posted January 9, 2012 (edited) Just to clarify, tax case is listed to run again next Monday, Tuesday and Wednesday. Private location (i.e. not George Street (Edinburgh) tax chamber apparently). Edited January 9, 2012 by Frankie 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted January 9, 2012 Share Posted January 9, 2012 Just to clarify, tax case is listed to run again next Monday, Tuesday and Wednesday. Private location (i.e. not George Street (Edinburgh) tax chamber apparently). Why a private location? That will get the mhanks screaming conspiracy if we win. :smile: 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted January 9, 2012 Share Posted January 9, 2012 Douglas Frase stated their had only been £25,000 of Rangers share trading in the last couple of months(I suspect a considerable amount of that will be Christmas presents). There's only 13.4% of shares NOT in Whyte's control. It's not something I keep a close eye on, but it seemed to me that there's been a lot less movement since Whyte took over/the share price fell. (...and the RST aren't giving new members shares any more, either, I believe) 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,664 Posted January 9, 2012 Author Share Posted January 9, 2012 Why a private location? That will get the mhanks screaming conspiracy if we win. :smile: Just to keep it away from the prying eyes/ears of the press I believe but, again, I don't know for sure. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted January 9, 2012 Share Posted January 9, 2012 Not a huge amount. Just means that buying and selling of shares can't be done at the moment, and once we are taken off Plus it wll make it that bit harder in the future. It also removes a layer of corporate governance and some limited protection for the 26,000 shareholders that aren't named Craig Whyte. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted January 9, 2012 Share Posted January 9, 2012 (edited) It also removes a layer of corporate governance and some limited protection for the 26,000 shareholders that aren't named Craig Whyte. It does? In what respect? Other than there may not be half yearly P&Ls and the financial information will be out a bit latern if we were to cease being a PLC, what are the differences? Edited January 9, 2012 by Bluedell 0 Quote Link to post Share on other sites More sharing options...
Danny 0 Posted January 9, 2012 Share Posted January 9, 2012 Ok, when it comes to this stuff I'm truly lost. What, in laymans' terms does this mean for us? We're basically off the stock exchange? Is that right? If so, does it make any difference to anything? And why have we been suspended...furthermore, wtf is PLUS anyway Yes, I'm not well-versed in financial stuff. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted January 9, 2012 Share Posted January 9, 2012 Join the club Danny. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,664 Posted January 9, 2012 Author Share Posted January 9, 2012 Danny: It just makes it difficult to trade in RFC shares - not that much trading is done anyway. This suspension was to be expected because our accounts remain 'unaudited' due to the outstanding tax case (due to be heard next week). Once the outcome of that is known (most probably around the end of the month) then the accounts can either be audited unqualified (as per normal) or the tax influence noted (which could affect our future as a going concern). 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted January 9, 2012 Share Posted January 9, 2012 furthermore, wtf is PLUS anyway It's a minor stock exchange. A third division stock exchange, if you like, that doesn't have the same rules and regulations as the major one. It makes it easier for shares in companies our size to be traded who don't want the hassle of being fully listed. 0 Quote Link to post Share on other sites More sharing options...
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