Mather & Stockbridge meet Dave King in South Africa

[the gunslinger 3,366]

Do you think he has changed his mind about saying we would run out of money and could be looking at admin by this Xmas ?

 

Probably not. After all the board spent over 3 million a month last year and I am surecare quite capable of continuing to do so.

 

If the level of robbery keeps up.

[trueblue 64 57]

Perhaps he's waiting till he finally stops laughing?

 

This would be even more reason to rubbish it.

[crucible 0]

Probably not. After all the board spent over 3 million a month last year and I am surecare quite capable of continuing to do so.

 

If the level of robbery keeps up.

 

Admin by Xmas ? exactly who is being accused of robbery quite a serious and sweeping statement which would involve the collusion of many people not least of all our auditors.

[the gunslinger 3,366]

Not the auditors.

[crucible 0]

Not the auditors.

 

Really they did sign off the accounts, don't you think they would have noticed any robbery ?

[forlanssister 3,114]

Really they did sign off the accounts, don't you think they would have noticed any robbery ?

 

Several million Enron shareholders asked the same question.

[the gunslinger 3,366]

The notion audited accounts mean no money has been removed legally or otherwise is nice but not realistic.

[crucible 0]

The notion audited accounts mean no money has been removed legally or otherwise is nice but not realistic.

 

You do have a rather jaundiced view on matters I shall leave you to enjoy it.

[the gunslinger 3,366]

I have a low tolerance for spivery certainly.

[der Berliner 3,744]

I already knew about the previously announced Laxey & Easdale agreements. What I'm saying here is that there appears to be a significant number of Charles Green's shares unaccounted for at the moment.

...

That means those 2,125,000 shares purchased by Easdale on 10 September were almost certainly Green's and that in itself makes the claim in the 1 October announcement that the company was only notified of that share transaction on 30 September seem unlikely at best.

 

Anyway, this still leaves a large number of Green's shares unaccounted for, so we don't actually know how many shares Green has retained, if any. ...

 

Which would contradict Green's statement (and Rangers FCI Ltd. to the stock market):

Mr Green added: “I want to make it clear that this means I will have no ongoing influence or financial interest at the club but I remain a fan and fervently hope that Rangers will soon be back at the top where they belong.”

 

I take what Green and Co. say with a healthy amount of distrust. That does not mean that anything they say is a lie though, especially if the company says the same to the stock market.

 

Your point that King would still fill someone's purse rather than investing into Rangers is valid enough though. Well, we still have to learn more about these discussions and maybe the RST will ask the relevant questions tomorrow.