The resignation of Craig Mather and Bryan Smart from the board of Rangers International PLC, in the wake of a damaging court defeat and a fiasco over the weekend, when inappropriate statements were issued on the club’s web site which did not adhere to stock market rules, leaves the company in a remarkable situation, indicated by a stock market notice this morning:
“The company, working with its advisers, will now seek to strengthen the board… to meet the standards required for an AIM company”.
Note the phrase “working…. to meet the standards required for an AIM company”.
After another director, Ian Hart, bailed out last week, and former chairman, Walter Smith, walked away two months ago, the company only has two directors left, FD Brian Stockbridge and non-exec James Easdale.
I believe an AIM company needs one more non-exec than executive directors. Easdale is a significant shareholder, meaning there is no independent non-exec on the board able to become chairman.
The normal course of business is to appoint a director before you resign, or dismiss an existing director, to ensure the company has the necessary quorum to carry out its business. If the company is not compliant in this respect, the board does not have the authority to subsequently appoint a director, nor can it call a General Meeting (Annual or Emergency).
If we take a step back from the immediate actions we could note that the main players in the phoenix have now left the stage, after being well compensated. Brian Stockbridge is left holding the power-down switch of the deserted White Star Line flagship.
In the event that a serious trading position lies ahead, the men who created it can point to the disruptive actions by the Rebellious Requisitioners (who don’t have a single vote more than they had yesterday), from the safety of their various chateaus. They’ve gone, the patsys are in place…..
As always with this story, when an action is grabbing all the attention, look for what is happening offstage. Our Hero has been playing his cards close to his chest recently.
Order Sean Fallon: Celtic’s Iron Man, below:
[calameo code=00039017122aafd9859a6 lang=en page=126 hidelinks=1 width=100% height=500]
920 Comments- Pages:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- ...
- 25
- »
I thank you
Eureka
danny mcgrain number 3??
This being no well does wonders for your podium hunting.
Can I have raspberry on that
You and Eddie are not my pals anymore.
No’ playin’!!!!!
BMCUW
It’s no my fault that I have nothing else to do cos I’m stuck in the lavvy.
ThroughtheeyeofaneedleCSC
Bliddy slow!!!!
PAUL67
Does this mean that the board has insufficient numbers to enable it to function,AND insufficient numbers to facilitate a means of being able to function in future?
Oh,dear.
Never mind…..
Fun and games over ibrokes way
1 man to go and share trading suspended
Is this the plan………
CAN I HAVE RASPBERRY ON THAT?
Concentrate on the job(!) in hand,bud. Then clean the screen.
paul
thats not fair
you need to tell us what whyte is up to
if ye dont im calling cqn agm!
kitalba
12:31 on 16 October, 2013
And in the twilight zone nobody has anything to say.
———————————–
Maybe it is not a bad idea that when we have nothing to say.. we say nothing.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS forza Oscar and Mackenzie
Classic mate, I refreshed and read your comment just as I noticed a new article had been posted. I just knew that split second would hamper your chances of getting top spot on the podium. God my sides are hurting here.
Paul67etal.
I used to come to Glasgow, watch the game then head home, I used to go in Supporter buses. but it was always repetative. I headed home after the game.
I then purchased a computer because life at home was also becoming repetative.It was a bit of a life saver for me as I discovered that I could read all about my favoured team,one day I was reading NEWSNOW alway to get any news there was about Celtic.
One day when perusing Newsnow -There appeared a new blog called, ‘Celtic Quick News Not lazy journalism’ or similar.So I tried it.
From that day I have read CQN.
I Didn’t post for a wee while but then I got the courage to do my first Post, I decided to tell my story regarding our trip to Lisbon in 1967, I spent a couple of hours writing my story, then I plucked up the Courage and pressed the button to send it on to the CQN forum, I think I sat at my computer, shellshocked, probably saying to myself ‘what have I done’ when I got up the courage to look if there were any replies, there were many, but the first post to came back was from Kitalba, what a great post Oldtim67, pity you forgot to put spacers, commas, or full stops.
It didn’t offend me, I had been a worker, I had forgot all the niceties regarding writing , such as commas, and full stops through the fullness of time, not writing anything in my adult life, these little things, I forgot.
But I was on CQN.
It wasn’t long before I decided I’d like to meet these mystery posters, I’m sorry that I can’t remember who I met first, But I can safely sat that I have met well over a thousand. maybe, nearer two thousand that I’ve had the pleasure to meet, and they have all been good men, and true.
I’m not sure what came first The Quiz Nights, Or the Aberdour Golf Tournement, I didn’t attend the first Aberdour Event but I haven’t missed once since, A highlight of my year, It’s becoming a bigger Tournement every year, it won’t be long until It becomes a by ‘invite only event’ I would dread that day, but it could happen, A very popular day.
A strange thing happened about a year after my first post. Smart ass Kit, Posted on Cqn with. ‘Can you remember this post oldtim67’ and there was my first ever post up on the blog again, it reappeared a couple of years later, when Glasgow Dave reposted it again, If any of the two of you still have that first post of mine, could you mail it to me, I would love to read what I wrote that day, not so much about the post, but what I wrote regarding my journey To Lisbon all those years ago, but, because it would be a bit more truer then, than what I could have wrote now, I’ve forgotten most of what happened back then.
The reason I started writing this post was to let Paul know what a wonderful outlet he gave to me, and probably others, an outlet to meet like minded people, Celtic Supporters all. As I’ve already written I went to the games in the last ten years and headed back home after the game, I travelled with my nephew for a couple of years, but it was still the same, Back home after the game, after CQN appeared on the scene I started meeting people at quizzes, and I made a point of introducing myself to each. What a grand bunch you are.
I remember one year a foreign boy came on the site and asked for some help, He started his post by asking for the Moon, I mean the moon might have been an easier request. The post went something like, I’d like to come over with my brother in law and two other friends to watch Celtic play Barcelona, That was the Barcelona game about 5-6 years ago, and is there a chance of getting four tickets, I managed too get (I think three) of the tickets, where the other one came from I haven’t a clue, but we got them for Zbyszek, our new friend, that was about to appear on the scene.
This is what CQN was becoming, Zbyszek wasn’t a stranger to CQN, he had posted before, but he was a stranger to us at that time, I think Pablophangue had been over in Poland and met Zbyszek, but he was a stranger to the rest of us. Anyway a few of use decided to try and give our friends from Poland a good time. We found out where they were staying, And I decided to book into the same hotel, El Diego Bhoy followed suit, and Pablophangue I think, Had already booked in . There were seven of us staying in the Hotel that night, what I can remember, it was a great night, they arrived in style, Paplo had hired a car for the day, well a seven seater, four wheel drive, a big flashie car, Pablo did it in style that day, I learned how to drink Polish style that night, straight over in one go. The Polish bhoys came bearing gifts for their new found friends, and no guesses what they brought, Polish Vodka, It went down a treat that night, and when I got up in the morning my head was splitting and I brought what was left of my bottle down to breakfast the next morning, I think I had to drink it myself, they were all to ill to have a glass.
We gave them a tour of the shops, and somewhere we met Estadio, He may have come to the Hotel that morning, My recollection of what happened is to say the least vague, we went into a couple of pubs then headed for BBs, where everything became vaguer, I know that EDB was drunk, I was drunk, this is where it gets even more vaguer still. so I’d be telling lies if I continue on, there are plenty that were in BBs that night that can give juicier bits before the game.
CQN. I love you, You have made me friends with hundreds of posters over the years, whom I would never had met but for you, some truly great friends, too many to mention, but I will mention only one, as he became a very good friend to me, He decided to pick me up for the football every week, Home and away games, I remembered the greeting I received every Saturday morning when came to pick me up, A shout up the stairs, ‘Are you in ya auld C**T’, door closes, and he comes up the stairs, never varied his greeting to me. Paplophangue.I loved him for the greeting.
I doubt Paul would have had any idea how strong that CQN would become,When he started out on his Venture, He probably was just a man who would read the papers and got sick to the teeth with the Bias shown towards one team, and the contempt, and hatred shown towards us by some of the sports reporters of today, At least he acted when he had his brain wave for a bit of alternative reading, The title was a bullseye, Celtic Quick News (Not Lazy Jounalism). I discovered the trend about lazy journalism 16 years ago, and have refused to purchase a paper since, but Paul was on the ball with his introduction of the alternative read. I bet the Traynors, Keevins, and the rest of the Sports Reporters regret ever having chosen too favour one team against all others, It was the biggest mistake they ever come up with, and they’re still pepetrating it now, when will they ever learn, when they do, I’m affraid it will a bit late, they will have missed the boat.
I thought that I’d would pay tribute to Paul at the start of my post, but I got a bit caught up thinking about all the good things that has happened to me since I ventured on here, I decided too change tack almost from the off.
My idea was to thank people for being such a great bunch, then I thought better about that idea, there are too many who have been great to me and it would be great to name you, but to name you all, I don’t think I could.You know who you are, so give yourselves a pat on the back for making Our Celtic Quick News worth coming back too, day after day, and year after year.Hail,Hail.
ps.
I could carry on for a while yet, but I can hear the cries.
Paul67
So what position does that leave Messers Stockbridge and Easdale in?
There must be some way for them to make the appointments that make the Board AIM compliant surely?
SwanseaBhoy
eddieinkirkmichael
13:07 on 16 October, 2013
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS forza Oscar and Mackenzie
Classic mate, I refreshed and read your comment just as I noticed a new article had been posted. I just knew that split second would hamper your chances of getting top spot on the podium. God my sides are hurting here.
~~~~~~~~~~~~~~~~~~~~
See,that’s jooooost vicious and nasty.
I like yer style! Made me laugh anyway.
Wonder who Sally will put his weight behind. Now….
HailHail
hebcelt:
Maybe you could do what I did, don’t renew your season ticket and don’t renew your subscription to Celtic TV.
Kilbowie Kelt:
It never ceases to amaze me how so many posters find a voice once a new article is posted. And even more amazingly, all within the first five minutes too.
Ole Old Tim- and we love you too.
Oldtim sums up what Celtic is all about. What Celtic supporters are all about.
Meanwhile the tribute act across the city shows itself up more and more every single day.
OLDTIM67
Beautiful,mate.
Truly splendid piece of writing.
Old Tim great post. Might even consider doing the same as you and getting along to meet some of the CQN ers at the next night out.
oldtim67
Great post, it details how far this site and those who have posted on it have traveled. Its been a good journey.
It was great meeting you at the KSC in Blantyre!
They seem to have painted themselves into a corner. I hope the paint never dries.
oldtim67
Well said.
It was a privilege of mine to spend an evening with you a few years ago.
SwanseaBhoy
OldTim ,
excellent post and sentiment .
Thank F@£$ you don’t post too often tho’ ;)
Sanna
Butsybhoy
13:12 on 16 October, 2013
Wonder who Sally will put his weight behind. Now….
…………………………………..
When it comes to sevco and sally being given the mangers backing for the board is the reverse of the dreded boards backing if the manager.
Hi Oldtim
I no longer have that post, but remember it well
Tell you what though, I’ll be saving the one above
As always, great to hear from you.
Take care
D.
Oldtim – brilliant post thanks for sharing! Hope you are well?
Just started new job really tried to keep the head down … Even when the chap across from me started talking about walking with his dad to the lodge!! Head down say nothing minx …
But then he had to go and spoil it … Seemingly yon dead club have the squad to win the Scottish Cup … I couldn’t help myself! I tried I really tried!
If = of
OldTim – I seldom post these days, but as long as you and those like you put up wonderful posts like that I will always return to read.
After the last few days on here, the blog needed that, IMO.
Haiil Hail.
Old Tim terrific post hope to bump into you next week, we,re dining out at the West brewery before the game on Tuesday but will be in Merchant City prior to that. Might have some succulent Stornoway Black Pudding with me if you fancy some. Hail Hail Hebcelt
Oldtim
What a cracking post. Thanks.
Oldtim67
Brilliant post…I agree with the thrust of your post, all great guys that I have met and never met a duffer…except a few shots at the golf days…how many times are you going to say you were drunk and canny remember….plenty more I’ll wager…..see you on Tuesday for more daft kerry on with the rest of the Grey Brigade. Yir no sa auld pal…
Kikinthenakas
oldtim67
13:07 on 16 October, 2013
——————-
There have been many memorable & remarkable posts on this site over the years.
Not one of them was as enjoyable as that heart-warming tribute.
Thanks & Good Luck.
Does this all mean that the new Super Zombies who are still dead have returned from the dead to die again oooofffffttttt ??????
They do that don’t they doh !!!
Can’t believe they decided to entertain us again with their incredulous incompetence lol !
GOOD INNIT !!!!!
oldtim67
Are you a Hun?
Love
xx
That’s 2 Chairmen and 2 CEOs in 6 months.
An unprecedented quadruple.