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It is when it's the highest offer they are ever going to receive.Not when they bought them for 9op
It is when it's the highest offer they are ever going to receive.Not when they bought them for 9op
Have River & Mercantile not usually been an ally of the good guys?Add Easdale shares and River Mercantile's too. Why would either want to keep their shares in Rangers. Selling at 20p is a good option.
The thing about them is they are an institutional investor. They bought in at the IPO and Rangers were listed on AIM. Markets like AIM and LSE cater to big institutional investors. They are not particularly interested in exchanges for small investors like NEX and have even less in unlisted companies. Like Rangers are now. River and Mercantile have a duty to their customers and an offer of 20p is probably in their best interests. Especially given the history of our shares.Have River & Mercantile not usually been an ally of the good guys?
They have been in since the start of this debacle, do they really think 20p is as good as it is going to get?
Ah the "Don't need all the details just Common Sense " line being trotted out I see.
I do love it when someone accuses those with a different view of being Dhims. Always a great debating point
Find it rather revolting that the BBC won't send reporters to Ibrox but they'll send them to our court cases.
TOP QC doing a quiet job on DK’s grasp of reality.
If not represented then it would appear the outcome is inevitable.Alasdair LamontVerified account @BBCAlLamont 3m3 minutes ago
Board decides to go ahead with hearing in King's absence. Neither DK nor NOAL represented.
Probably because it's pretty unprecedented that someone (King) would ignore their ruling meaning they had to go to COS to have it enforced.Another issue is why are the Takeover Panel showing such interest in a very small AIM company which has been delisted ?
There are thousands of listed companies many of whom have had similar issues, yet the first time TAB have gone to The Supreme Court to enforce a ruling is with RIFC,
As with the the HMRC, there is a total lack of proportionality.
I used to be paranoia free, times change....
This is from the TOP hearing and not today i believe.If not represented then it would appear the outcome is inevitable.
It'd be good to know what his options are in the event of the court upholding the take over panel ruling. Hopefully someone with expertise in market regulations will be able to let us know.If King loses, and doesn’t want to (or can’t afford to) make an offer for all remaining shares, can he simply sell enough to take him and the three bears to 29.9% or does he have to sell all of his shares?
Yes you're right. However, DK was represented at the TOP hearing by James Blair. He just wasn't there in person.This is from the TOP hearing and not today i believe.
That was referring to the TAP hearing which King wasn't represented at, not todays COS case.If not represented then it would appear the outcome is inevitable.
He really doesn't have many other options but to make the offer.It'd be good to know what his options are in the event of the court upholding the take over panel ruling. Hopefully someone with expertise in market regulations will be able to let us know.
James Blair, representing the Rangers board, made the case for DK at the take over panel hearing.That was referring to the TAP hearing which King wasn't represented at, not todays COS case.
It is when it's the highest offer they are ever going to receive.
To clarify JB attended the TP hearing to represent the club not DK. He was at pains to stress he was not representing DK even although they asked him questions as if he was representing him.Yes you're right. However, DK was represented at the TOP hearing by James Blair. He just wasn't there in person.
I would have thought everything will be in the courts verdict. He must have options to sell some or all of his shares. It's only if the aggregate of shares is above 30% an offer is necessary. But I honestly don't know a thing for certain.He really doesn't have many other options but to make the offer.
This is from the ruling document produced by the take over panel:To clarify JB attended the TP hearing to represent the club not DK. He was at pains to stress he was not representing DK even although they asked him questions as if he was representing him.
Mr Blair, ostensibly representing the board of Rangers, presented Mr King’s case on his behalf and put to the Committee Mr King’s interpretation of the various relevant events and documents.
F@cken AFind it rather revolting that the BBC won't send reporters to Ibrox but they'll send them to our court cases.
I'm sure they would. If someone offered them that price for all of their shares.Well, if their reason for selling is to maximise their return I think they would prefer to sell them at the current price of 27.5p on the JP Jenkins Platform
I am not legally minded, nor I am aware of Takeover Rules. Is the worst case scenario, that DK has to make an offer for the rest of the shares?
It does seem likely the court will enforce the take over panel's ruling. However, it may not be the worst case scenario to Dave King. He's said this case will have zero impact on him and Rangers. He also said NOAL have it in their capacity to make the offer. DK doesn't appear to be too troubled but if he does make an offer it means putting a huge sum of money up front. Reports say between 11-14m.I am not legally minded, nor I am aware of Takeover Rules. Is the worst case scenario, that DK has to make an offer for the rest of the shares?
I'm sure they would. If someone offered them that price for all of their shares.
If C-1872 bought those shares at 27p it would be irresponsible of them. They can get a much better deal for supporters contributing their cash.I know, it's not like there's a massive fan ownership vehicle out there that are hungry to snaffle up shares, especially those shares that are held by toxic shareholders.
"Counsel looking at futility argument by respondent. Takes this to mean that no one would accept an offer of 20 pence per share."
Ok I read the post wrong then.This is from the TOP hearing and not today i believe.
"King claims not to be shareholder in Rangers"
Reading Al Lamonts tweet again it sounds like the board are happy to go ahead in King and noals absence today rather than at the board. Ambiguous to say the least.Ok I read the post wrong then.
New Oasis are the shareholders, not King.
Reading Al Lamonts tweet again it sounds like the board are happy to go ahead in King and noals absence today rather than at the board. Ambiguous to say the least.
Is King represented and by whom?
King is stating he doesn't have the available cash to make the offer.
If C-1872 bought those shares at 27p it would be irresponsible of them. They can get a much better deal for supporters contributing their cash.
It's not BBC nonsense if King's Counsel states it in court !DK knows what he is doing, don't swallow the BBC Scotland nonsense and you will be fine.
Ashley recently said the exact same thing.