It’s all about Tannadice, your AIM nomad

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The stage is set. Dundee United, the club who were last to beat Celtic, stand in the way of their treble ambitions, as the clubs meet on three consecutive occasions next month.  The first game, a Scottish Cup quarter final at Tannadice, is the most crucial.

United lost their best two players last week but they remain they will know that beating Celtic at home will make them favourites for the Scottish Cup.  They will be far less confident at the following week’s League Cup final, Dundee United expectations are always low at Hampden, but pressure will be on the club to win their home game.

A note on the suitability or otherwise of a director of a public company.  In the UK, only the courts can ban you from being a company director, HMRC cannot ban you, any more than they can ban you from driving.  In the UK, public companies are held to a higher standard than private companies.  If anyone presents to you claiming, “HMRC have never banned me from driving/being a company director”, you know your being misled.  The same is true for most jurisdictions.

The AIM market requires companies to have nominated adviser (nomad), which carries out regulator duties on behalf of the market, and ultimately shareholders.  The fact that UK, or other, courts have not prohibited you from being a company director implies nothing about your suitability as a director of a public company.  When it comes to the AIM market, this suitability is judged by your effective regulator, your nomad.  A recent history of financial criminal activity, for example, will give your nomad plenty to consider, as would a recent history of being a director in a liquidated public company.  Far more would decline such a candidate than approve.

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  1. Imo, Lustig is a high enough standard of player that we should persist with him.

     

     

     

    His injuries aren’t persistantly reoccurring on the same body part.

     

     

    Ktf

  2. Jungle Jim Hot Smoked on

    Geordie Munro ,

     

    I think this may be the most read line on here today ,

     

    “Celtic have not lost a game this season that kc hasn’t featured in.”

     

    as people wonder whether or not that is a statistic in support of Kris being in the team or against his inclusion!!

     

     

    Celtic sometimes lose when Kris is playing but always win or draw when he is not playing.Is that it?

     

     

    JJ

  3. livibhoy

     

     

    13:40 on 10 February, 2015

     

     

    Is that including the top tier of the Lisbon lion stand ???

     

    Hugh keevins said last night there would be close to 50,000 at the inter game, thought at the time he was talking shite……….

  4. hun skelper

     

     

    My mate at work just got the 4th and 3rd last tickets an hour ago.

     

    Not sure if the LL upper is open. I would expect it would be. Pointless leaving it closed when the rest is sold out.

     

     

    LB

  5. Everything that happens in scottish football is based on the monkeys getting to the top . It will happen , as no one is bothered to challenge the blatant corruption within the game here . Not just celtic f.c all other clubs and there fans are accepting the farce that is now scottish football . Just my opinion but had celtic been determined to get out of football in this country , and play elsewhere ,then all the proof required to highlight the fact that they were Trading against an uneven playing field is there in abundance . Not one celtic fan can argue with that finding . We have seen it all go against the club over the years . Brendan Rogers spelled it out the other week regards the stature of celtic in world football , same with Gary Neville , same with the two Barcelona midfielders , and the list goes on , Celtic f.c are very highly rated . But again Imho celtic will never get to show just how much of a giant in football terms they really are . Celtic and every other club have bowed to the rule breaking and cheating , they have all lay down , and allowed them back , the mccullochs will continue to boot there way unhindered , the compliance officer will continue to summon players from every club but thems . The tv companies will continue to bore us to death televising there games . The honest mistake will increase , and there old friends in the media will tell us were hallucinating and paranoid , the old bill will turn a deaf ear to the song sheet from the people . And it all could have been so different .

  6. JJ,

     

     

    Ha!

     

     

    It’s a ‘we should be OK without him’ comment. :)

     

     

     

    Legal notice…Celtic may or may not win with or without Kris Commons. :p

  7. BoscoBhoy02

     

    13:50 on

     

    10 February, 2015

     

    After some of the names to be linked with Sevco have maybe a chequered past as in King Modi and Rivzi I’m hearing the SFA are quite hopeful that a Mr Escobar, a legitimate businessman from Columbia might fit the bill

     

    ====================================

     

    He is dead. So if that’s what you’re getting at then that’s okay since they will soon be joining him in hell.

  8. mike in toronto on

    The Clericus Cup (the Vatican hosted football tournament for seminarians and priests) starts in a few weeks. Games are played in Vatican city at Columbus Pius XI field, overlooking St. Peter’s Basiclica. So, far the Redemptorists have won the trophy 3 of the 4 tournaments.

     

     

    Got me thinking…. why no Vatican team in the World cup? so, looked up to see which other states are not recognized by FIFA…

     

     

    Micronesia, Kinabati, Marshall Islands, Nauru, Palau, Tuvalu, Monaco and… the United Kingdom.

     

     

    Thought it was interesting.

  9. Jungle Jim Hot Smoked on

    Geordie

     

    …or: Celtic may or may not not win with or without or not without Kris Commons.

     

    Cheerio !!!

     

    JJ

  10. The Nomad is a bit like an auditor. With an auditor you can provide a series of reports and assurances and evidence in your plea for a clean audit report. This can be an extensive and extremely stressful period of negotiation.

     

     

    MIH and subsidiaries are a good example. Accounts for years were reported last minute or late. This not because the accounts department were dilatory, it is because they would rather risk the fine and the compliance rebuke than file accounts with an audit qualification. The ramifications are huge for borrowing, credit facilities, trading etc. Even if that means the arguments and pleas go long into overtime. Revaluing assets was always a favourite to address ‘technical’ insolvency where the numbers simply don’t add to a positive number. You create more numbers till they do. Then there’s cash and selling subsidiary crown jewels, having share issues underwritten, cross guarantees and of course friends at the bank with ‘facilities’.

     

     

    An auditor takes all of that and needs to find comfort in issuing an audit report that attests to the accounts being ‘true and fair’ . The accounts will state in the Directors’ Report that the basis if reporting is that of a Going Concern, so is that true and fair? The auditor needs to view 12 months ahead from the sign off date and agree to that before giving an unqualified report.

     

     

    So who holds the stick to beat an errant auditor? Simple their regulatory professional body and the shareholders. After a case called “The Bannerman Case” audit reports in the UK were re-worded to give audit assurance only to shareholders, no other stakeholder or 3rd party. In the Bannerman Case lenders relied on the clean audit report to lend. Turns out the company was bust. Bannerman Johnson Maclay were successfully sued. So the profession changed the wording to protect its members, effectively.

     

     

    When you’ve exhausted all avenues, exerted as much pressure as you can, paid and promised fees of astronomical proportions and still get a report with an emphasis of matter on going concern you know the goose is cooked. The last two RIFC audit reports have emphasised the matter. Can you imagine the nature of the discourse before they went to print with that?

     

     

    Likewise in your quest to stay compliant with the AIM regulator you need a Nomad responsive you your point of view on the regulations. When your Nomad jumps ship you know their Professional Indemnity Insurers perhaps don’t share the same point of view! Reaching that point must be one hell of a bumpy ride. Oh to be a fly on the wall of those negotiations. To wade through three such deliberations and Nomads is pretty much self fulfilling in forming a view on compliance and regulatory fortitude.

     

     

    The Nomad, like the auditor, is accountable to shareholders and their regulatory body. So where does the risk point tip between fees and claims on your PI. In the case of RIFC we are told that Dave King mounting the see saw catapults the current (or currant) incumbents off. Even if you found and enormously fat Nomad to mount Dave King’s side it is already out there that a heavyweight shareholder will definitely be facing you down and breathing down your neck at every turn. Who is seriously going to take that on for the fee that King could pay? That exposes RIFC to leaving AIM, and shareholder action anyway as it is not in their interests.

     

     

    This is only just beginning.

     

     

    In short think about the extraordinary, protracted, stressful, costly negotiations that must be going on at all levels now, for months before and for the foreseeable future. Is it any wonder no one has any time to spend averting the slide of the sports team part of the group into the abyss? Gardening leave, a caretaker and late loans are as temporary and ill conceived measures as you could expect in the circumstances.

     

     

    There is no obvious easy end to this. King needs to save face. Ashley doesn’t get beaten. Positions are entrenched. An alliance between Ashley and the three bears, exclusive of King is what I expected and may well transpire.

     

     

    Rangers will be turning in their grave.

  11. livibhoy

     

     

    14:13 on 10 February, 2015

     

     

    I agree mate, think the full stadium will be sold out. HH

  12. Dontbrattbakkinanger on

    Philvis- wee Taylor.

     

     

    100% living proof of the benefits of being educated by nuns.

  13. mike in toronto – why no Vatican team in the World cup?

     

     

    We already have Boston, South America and the good part of Ireland.

     

     

    Mon the Pope’s XI. (thumbsup)

  14. North Cyprus (formerly Baku) Bhoy on

    For Bawsman (13:13), FourGreenFields, and anyone else who may be interested:

     

     

    Hello Mr. McGlennan,

     

     

    I’ve been advised that there is a time limit by which you must issue a Notice of Complaint against a player, and that, in the case of last Sunday’s game, you have until 15:00 today to cite Lee McCulloch for his unpunished offence in the second-half against Raith Rovers, on top of the first-half offence for which he was only penalised with a yellow card.

     

     

    By all accounts, and as widely reported in the media, and discussed widely, the first-half offence warranted a red card on its own. He was not punished further for any of his second-half offences.

     

     

    It would be ridiculous if you were, for argument’s sake, to issue a Notice of Complaint against Jason Talbot, and not to cite Lee McCulloch for his behaviour in the last two widely-televised games for his club.

     

     

    Let me again repeat that I should be very grateful if you would please acknowledge receipt of this e-mail, in order to remove any suspicion that complaints of this type are not being forwarded to you, by whoever receives them within your organisation.

     

     

    Yours sincerely,

     

     

    North Cyprus (formerly Baku) Bhoy

  15. dontbrattbakkinanger – Aye. Her and the Blues Brothers.

     

     

    If she was educated by Jesuits she’d just be arguing with people on the internet. (thumbsup)

  16. mike in toronto on

    Philvis…

     

     

    As someone whose family is from Donegal, I would say that there are no bad parts of Ireland…. only good parts (with some of those parts being run by some not so good people for a while, and even that is changing). Even the 6 counties team is now managed by an O’Neill, so there is hope.

  17. mike in toronto – there are no bad parts of Ireland

     

     

    That’s not true. Coatbridge is part of Ireland. (thumbsup)

  18. .

     

     

    LeftClick..

     

     

    I thought Safari only Started with the iPhone 3..:-) about 2008..,

     

     

    001

  19. Turkeybhoy

     

     

     

    14:40 on 10 February, 2015

     

     

     

    BlantyreKev,

     

     

    Thank you for the Nomad post.Very enlightening.

     

     

    Same here

     

    thank you

     

    BlantyreKev

  20. Tim Malone Will Tell on

    I saw on the last blog that Scotland actually has a Minister for “Sport, Health Improvement and Mental Health”.

     

     

    Was this diverse post created specifically to cater for Sevconians?

  21. Whit aboot the wee man?

     

    ===================

     

     

    Celtic Collectibles ‏@CollectCelticFC · 31m31 minutes ago

     

    Jay meets Barcelona FC President. Who asks Jay if he wants to stay Wednesday to see Barca. Wee Jays ” No I have to get back to see Celtic “

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