Rangers Announce Secure Loan - £1.5m. Repayable by 1st Sept

[Ser Barristan Selmy 222]

Laxey's man on the board is?

 

You see, much of what we work with is assumption and conjecture. The current loan does look as if they work closely together, and obviously people are happily telling us that Easdale must get something from Laxey because ... he is Easdale. Just saying. Of course, we'll hardly ever find out.

 

All the naughty stuff aside, I found it quite "interesting" to see that Laxey may indeed opt for shares instead, which essentially would get them a foothold in any new share issue, so they'd actually cover themselves in that respect too.

My dislike for the Easdales is because I know they are both crooks. One of them at least legally proven to be.

[Ser Barristan Selmy 222]

Why can they get the 150k in penny shares? That doesn't sound right and will see them get a huge chunk for hardly anything?

[the gunslinger 3,366]

Why can they get the 150k in penny shares? That doesn't sound right and will see them get a huge chunk for hardly anything?

 

all shares are penny shares. they wont pay a penny for them.

[Ser Barristan Selmy 222]

Penny shares implies they are getting them at knocked down value though?

[the gunslinger 3,366]

Penny shares implies they are getting them at knocked down value though?

 

26.5p might be low or high in theory at the time. but if low they simply won't buy.

[Ser Barristan Selmy 222]

26.5p might be low or high in theory at the time. but if low they simply won't buy.

I thought the point of penny shares is they are knocked down shares at far less than the current market value?

[the gunslinger 3,366]

I thought the point of penny shares is they are knocked down shares at far less than the current market value?

 

No all our shares are called penny shares. Despite that the price varies.

[BrahimHemdani 1]

Penny shares implies they are getting them at knocked down value though?

 

No, that's just the nominal value of all shares.

[bluebear54 0]

From the BBC website, I note another piece of the jigsaw falling into place.

 

Rangers: Imran Ahmad seeks £750,000 damages from Ibrox club

 

By Alasdair Lamont

Senior football reporter, BBC Scotland

 

Lawyers for Rangers' former commercial director Imran Ahmad will on Tuesday ask a judge to arrest funds of £750,000 as their legal battle continues.

 

Ahmad's lawyers will argue that the Rangers Football Club Ltd is trading insolvently and would be unable to pay if he won his claim against them.

 

The man who arrived at Ibrox as part of Charles Green's team initially intended to pursue £3.4m.

He claims he is owed at least £500,000 in unpaid bonuses.

 

The case will be heard by Lord Tyre at the Court of Session in Edinburgh on Tuesday morning.

It emerged earlier this month that Ahmad's lawyers wished to call Green as a witness, something Rangers are reluctant to see happen.

 

Rangers do not have their financial woes to seek currently and announced on Monday that they had secured loans totalling £1.5m to help them meet cashflow requirements for the remainder of the season.

 

Players also refused to accept a 15% pay cut proposal as the Rangers chief executive Graham Wallace seeks to make savings.

[the gunslinger 3,366]

No doubt this cash in junction is partly so his pals can pay him off.