AGM - Live tweets

[BrahimHemdani 1]

I think it was your pals driving the share price down in fairness bh

 

GS, that is so far from the mark, on both counts that it doesn't bear responding to.

[rbr 1,254]

I think it was your pals driving the share price down in fairness bh

 

There were people involved in driving down the share price , most of them inside the Clyde auditorium today to be honest

[forlanssister 3,084]

I don't know where you get they are not saving cash. they are making profit without the overhead of paying rent for a shop. I do not know who pays the manufacturing or if Rangers Retail and RFC both share in the profit (pitance) that comes back from SD.

 

Sports Direct control every aspect of Rangers Retail, from deciding the merchandise on sale, the sourcing and manufacture of the merchandise, the transportation, warehousing and delivery, the wholesaling to non SD outlets, the payment systems etc..etc.. and get a cut every step of the way. Any oversees orders are fulfilled and delivered by Ashley's brothers company.

[forlanssister 3,084]

"So far, between myself and my co-investors we have invested 6m by way of shares and 13m of interest free loans taking the total to a little less than 20m. "

 

As you suggest, Pete, this is deliberate obfuscation.

 

The loans MAY be become an investment in the Club if converted in whole or in part into new shares; but the purchase of shares from third parties is not an investment in the Club.

 

Though not invested directly into the Club the £6m is still an investment in the Club.

[forlanssister 3,084]

I think one or two others are in for a half mil or so.

 

FS follows this closely, perhaps he can advise.

 

Dave King, Douglas Park, George Letham, George Taylor,John Bennet, Barry Scott and Andy Ross provide the money for the repayment of the SD loan.

 

The latest injection was by Dave King, Douglas Park and George Letham.

[forlanssister 3,084]

There were people involved in driving down the share price , most of them inside the Clyde auditorium today to be honest

 

To be fair the overriding factor of the collapse in the share price was the discontent both of the support and certain institutional investors at the abysmal manner in which the previous regime ran the Club. The ability of those in the Clyde auditorium to engineer a share price fall was extremely limited while they undoubtedly would have welcomed it (even encouraged it) and certainly benefited from it (as did we all really) . Most common way of driving the price down is to short the stock but that wasn't the case with Rangers, I can't recall seeing any shorting of the stock by anyone or any institution.

[chilledbear 16]

However the price came down, if it helped get rid of the previous lot, it was welcome.

[forlanssister 3,084]

However the price came down, if it helped get rid of the previous lot, it was welcome.

 

It undoubtedly did in two way, one the institutions to cut their losses and two for the current regime to come in at an attractive price.

 

Also part of the problem regarding the share price was as I said at the time the IPO was ridiculously over priced at 70p, that would have been fair value had we been in the Champions League but alas we were in the bottom tier of Scottish football.

[the gunslinger 3,366]

GS, that is so far from the mark, on both counts that it doesn't bear responding to.

Really. You think leach lambias green etc were good for share price.

 

Now who's having a laugh.