Heard on the news this morning that Rangers are to be floated on the Alternative Investments Market (AIM). Apparently AIM is seen as the market for small and/or risky investments. They expect to raise £20 million from shares sold to financial institutions with a "limited" number of shares offered to fans.
Maybe a smart move floating on the smaller market while we're on the bottom rung of the football ladder, I would think that may well be an attractive prospect to investors who would expect a good return as we progress back to the top flight. But then, I ain't no financial whizz kid.
pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.
Because there's not enough money coming into the club to keep you afloat as a going concern so he needs the fan's money to line his and the other investor's pockets.
Because he is asking you to pay money for something you have no accounts for. He's asking you to pay a premium for a share that you have no idea what they are ( or will be) worth. He's basically asking the fans to pay for the running of the club up front. He's basically saying money coming in already is not enough to pay the bills also, because if there is enough to pay the bills whys he diluting his shareholding?
From what the financial guy on Radio Scotland was saying is that to float on AIM the club accounts have to be shown to potential investors as well as whatever body runs AIM. Dunno what happens with the "limited share offer" to fans though.
The accounting rules on the AIM are limited. I'm one for details. I note. Charles green states rangers play at ibrox and have the benefit of Murray park. It doesn't confirm if they own them, which you'd want to know before you invest
Yep, AIM is less strict than floating on the "proper" stock market but investors see the accounts. Rumours been going around that he does not own Ibrox or Murray park. Which begs the question what D&P were selling and what he bought from them.
They will but how detailed those accounts are at this point will be limited. Serious investors may be put off, but those who already have an emotional investment in rangers may not. If enough fans jump in they'll get what they want. Charles and pals get the money they invested back. And money to run the club, for not
Yet the rumours persist. Not helped by Bomber Brown saying as much a couple of weeks ago on Radio Scotland.
You for real? He said all that ****e about Whyte owning the club and that he had proof. When quizzed about it he shriveled back into his shell.
