Rangers Then, Sevco Now, Scotland's Shame Forever....

[Pacman1903]

Why worry about trivial affairs like that when there is a story like this going around...

https://www.thescottishsun.co.uk/new...980s-comeback/

Theres a thread on it

[Stupie82]

Theres a thread on it

FFS, im getting blind in my auld age.

[Pacman1903]

FFS, im getting blind in my auld age.

Blindness winna help when you are on the frontline clad in Aquascutum

[arty]

Has anyone figured out what one eye is up to with the share issue?
If he can't afford to offer 20p a share now,how's he going to offer when £12 million worth of new shares is created?

[Red Zone]

Has anyone figured out what one eye is up to with the share issue?
If he can't afford to offer 20p a share now,how's he going to offer when £12 million worth of new shares is created?

My understanding is that the £12M of new shares is partly converting shareholder loans (including King) and partly new money into sevco (other existing shareholders not including King). I have seen different figures of between £6M and £8M of new money. It also seems to be the case that one of the consequences of this new share issue is that the % shareholdings change a little bit and makes it more likely that the 20p takeover offer will more likely fail so squinty eyes won't have to cough up the extra money to buy out all other shareholders.

[sheepcrooky]

My understanding is that the £12M of new shares is partly converting shareholder loans (including King) and partly new money into sevco (other existing shareholders not including King). I have seen different figures of between £6M and £8M of new money. It also seems to be the case that one of the consequences of this new share issue is that the % shareholdings change a little bit and makes it more likely that the 20p takeover offer will more likely fail so squinty eyes won't have to cough up the extra money to buy out all other shareholders.

Not sure even Sevco can bend the stock exchange rules by diluting their shares in the middle of a court ruling.

[hewittextratime]

Sounds like a bit of pay back in Maribor tonight for the stabbings in Govan, fighting in the town and the local rozzers giving the travelling fans a bit of a pasting - shame

[Red Zone]

Not sure even Sevco can bend the stock exchange rules by diluting their shares in the middle of a court ruling.

Depends if funny handshakes work as well with them as with the sfa!!

Actually he would still go ahead with making his offer, its just that he only has to complete the takeover if 50% accept and the change in share ownership means that the Easedales etc will find it easier to keep acceptances below 50%. All a bit moot as current price is 36p so nobody will accept a 20p offer anyway.

The whole things going to run and run anyway as his contempt of court hearing (for not making the takeover offer) has today been put back to October by the Court of Session in Edinburgh due to "legal issues" - back to those handshakes again

[Jupiter]

Why do you say the current share price is 36p? The shares aren't being traded anywhere, so who knows what they are worth, but it certainly isn't anything near 36p or even 20p.

[Aldo1983]

That chunt Lafferty definitely signing for them today.