It’s all about Tannadice, your AIM nomad

808

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. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors on

    Well, that’s ma wee car all washed and ready for ma wee hodily starting tomorrow…. :)

  2. BlantyreKev

     

    14:23 on

     

    10 February, 2015

     

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

     

    Excellent analysis of Sevco’s position.

     

    You mention about the possibility of Sevco having to leave AIM.

     

    If that happens does that then prohibit them from carrying out a fresh share issue? If not what are the implications of leaving AIM?

  3. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors

     

    14:52 on

     

    10 February, 2015

     

    Well, that’s ma wee car all washed and ready for ma wee hodily starting tomorrow…. :)

     

     

    Wee hodilys are rubbish.

  4. 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 “

     

    ———————————————————————-

     

     

    Election needed – Jay for Celtic Chairman as he can outmaneuver the President of Barca with a few words.

     

     

    Get him against Blatter.

  5. WC

     

    I’m on a Nexus 7 tablet, no irritating Virgin ad currently – hope it stays that way! Many thanks for your efforts.

     

     

    p.s. good to see on the top article that the Inter (home) game is now sold out.

     

     

    HH

  6. winning captains

     

     

    Small Petrofac advert on the iPad only at the top.

     

     

    Worked fine in the USA last week.

  7. mike in toronto on

    Hravtski

     

     

    How ya’ doing?

     

     

    great post.

     

     

    I think Rod Stewart, and Billy Connolly have dedicated seats at CP (I could be wrong) … if so, that little bhoy deserves one…. If there is a better ambassador for Celtic than Jay, I have yet to meet him.

  8. quantum

     

    14:53 on

     

    10 February, 2015

     

     

    If they’re off AIM it means that there shares can’t be traded. Except I believe in private transactions but the shares would essentially be worthless.

  9. Capt Haddock (formerly known as tomcourtney) on

    winning captains

     

     

    On an ipad and ads at the top of the home page are slow to load, first an invisible Monsoon ad then a Lloyds ad appeared

     

  10. Capt Haddock (formerly known as tomcourtney) on

    winning captains

     

     

    On the ipad ads change when you refresh, seem to load normally and open a new tab on clicking

  11. So Dave King produces an e mail to “prove” he is a fit and proper person. For the avoidance of doubt, here is what both SARS and Mr King agreed was a correct summary of his court case and subsequent guilt, at the time

     

     

    “PRETORIA, 29 August 2013 – The South African Revenue Service (SARS) confirms that a settlement agreement was reached between Mr Dave King and the State.

     

    This settlement was achieved following submissions made to SARS by Mr King and entities associated with him. The governance and oversight committee in SARS found that the submissions that were made met the requirements of the applicable tax legislation. HSBC, which acts as trustee on behalf of Mr King and the associated entities, as well as Mr King in his personal capacity and members of his family, were all signatories to the settlement agreement. Other relevant state institutions were also parties to the overall settlement.

     

     

    Mr King has conceded his tax debt and has agreed to a payment of R 706. 7 million to SARS in respect of his personal income tax and the tax liability of Ben Nevis, a King trust company managed out of Guernsey. The fraud charges against Mr King were not pursued by the State and Mr King accepted liability in respect of 41 lesser counts of contravening Section 75 of the Income Tax Act, including the failure to disclose information and the failure to provide correct information about incomes earned over a number of years.

     

     

    Today Mr King appeared before the Palmridge Regional Court and entered into a plea and sentencing agreement to this effect with the NPA. Mr King has to pay a fine totalling R 3.208 million (R 80 000 per count) or 24 months imprisonment. In addition, he was ordered to pay an amount of R 8.75 million towards the Criminal Asset Recovery Asset Fund via the Asset Forfeiture Unit.

     

     

    In response to the settlement agreement, Mr King stated: “When this tax dispute arose many years ago I took a conscious decision not to cooperate with the authorities. That was a mistake. I regret not engaging with the State sooner as I have found them to be extremely firm but fair in their dealings with me once I fully engaged with them. I accept the fact that I have been non-compliant in the past and will rectify this.”

     

     

    SARS welcomes the finalisation of the matter and the settlement. The outcome demonstrates that SARS remains approachable to any taxpayer who wants to resolve a tax dispute in a bona fide manner, even when formal processes of litigation are before the courts, Mr Gene Ravele, the SARS Chief Officer for Tax and Customs Enforcement Investigations, said.

     

     

    “SARS believes this settlement is in the interest of the fiscus and in the interest of justice. This brings to an end a period of protracted litigation. SARS appreciates that Mr King has accepted responsibility for his tax position and the message he has communicated to taxpayers who may find themselves in a similar position – to rather engage SARS and seek resolution to a tax dispute rather than resort to litigation. This matter demonstrates the level of commitment SARS has to executing its statutory duty, regardless of the time and cost that complex tax disputes may require to reach finality. Taxpayers and the public in general should expect no less of SARS,” said Mr Ravele.

     

     

    Mr King further said: “Part of the agreement is that my family and I will be filing all outstanding tax returns to ensure that we become fully compliant. My experience should serve as an example to taxpayers who find themselves in a similar position with SARS – rather seek early resolution and cooperate with SARS when asked by them to explain your tax affairs. I am delighted to finally put this behind me and to be able to actively resume my business career.”

  12. .

     

     

    Winning Captains..

     

     

    Re; The New Site..

     

     

    It Looks Superb and No Glitches on my iPod 3..

     

     

    Just one Query..The iPhone 6 Advert the one with a Saving of 96% that you can Purchase a iPhone 6 for..$38.17 (AUD)..

     

     

    l put in a Bid of $38.18..to make sure i got the iPhone 6..But getting a Message saying there have Already been 138,666 Unique Bidders for the Item..;-)

     

     

    Will it be Possible just to stay on the Old Site or will the Minimalist format be Obsolete in due Course..

     

     

    TIA..

     

     

    Summa

  13. winning captains

     

     

    I reported pesky behaviour from an rogue advert in iPad landscape mode a couple of days ago.

     

     

    All seems good now.

     

     

    Well done.

  14. Tim Malone Will Tell on

    twists n turns

     

     

    Interesting also to see that HSBC were King’s trustee’s – particularly given last nights Panorama documentary highlighting bank led tax evasion.

     

     

    What a nice bunch of people eh?

  15. leftclicktic – I hope you didn’t find it too much of a culture shock.

     

     

    Immigrants to Coatbridge are often surprised and delighted to, among other things, find there’s a Chinese restaurant called Bon Appetit.

     

     

    Gordon Ramsay was thinking of opening a restaurant in Coatbridge, but realised he could never compete with “The Codfather”. (thumbsup)

     

     

    frannyb67 – I understand President Mary McAleese made that official. It caused some disquiet at Holyrood, as they were hoping she’d take Airdrie off their hands instead. (thumbsup)

  16. Afternoon all

     

     

    On my lunch break and had a skite through both the current and the last thread and coming to the conclusion that the blog needs to follow the way of other sites and run separate threads. Specifically a thread for those wishing to discuss political topics that have no real relevance to Celtic.

     

     

    I have become sick and tired of reading reheated party political dogma being presented on here that is described by its authors as being ‘well thought out’ albeit the thinking was done by others. I am interested in politics but grew weary many years ago with ‘our party all good, all others all bad’ immaturity that passes for political debate on this blog and throughout Scotland and The UK.

     

     

    My catalyst for this messsge isbviously one particular contributor with whom I had a spat last week. I apologise to everyone if my language was intemperate though I meant every word I wrote. But he is not the only one who seems to see this blog as being a vehicle to promote a particular political party and increasingly I find it really tedIous. Nobody cares what the other says but if those who feel the need to relive the Referendum or score political points then by all means to do so. I would rather read about Celtic and almost any other topic than be regularly harangued by people who really should get a real life

     

     

    Moderate rant over and apologies in advance for the many spelling errors which no doubt riddle this post

     

     

    Jimbo67

  17. Bhoys, could you spare a prayer for me dad, buried this morning in Shanganagh Cemetery : a gentleman and a Celt. He had a quiet awe for the lions which I somehow took on. Driving up to the grave, my son nudges me and points to a G40 streetsign on the grave beside his – you wouldn’t write it.

     

     

    RIP Mick

     

    Mon the hoops

  18. Jimbo67 – Well said, we should all vote UKIP.

     

     

    If you have a garage, vote for Nigel Farage. (thumbsup)

  19. Is it time for pay for play contracts for certain individuals who spend more time off the park than on it i.e. Lustig

  20. Jungle Jim Hot Smoked on

    As far as I can see, there are three seats left for the Inter game. All in FS7. two side by side and one a few rows away.

     

     

    JJ

  21. Judester

     

     

    If he was interested in Rangers (I am aware he’s dead) the media would have a totally different take on Mr Escobar. A fine upstanding member of society whose links to organised crime are made up by Celtic supporting bloggers.

  22. weet weet weet(GBWO) on

    Jackie Mac

     

     

    RIP your dad

     

     

    HH

     

     

    WC

     

    Magazine working fine on my iPad ,good yin

  23. Jungle Jim Hot Smoked

     

     

    These are mine, my wife’s and my brothers.

     

     

    I called the ticket office today regards the non appearance of tickets and was told they have held seats for us but are waiting to see if the press need ours in ES2 before issuing our tickets so its a sell out.

  24. twists n turns,

     

     

    “HSBC, which acts as trustee on behalf of Mr King and the associated entities, as well as Mr King in his personal capacity and members of his family, were all signatories to the settlement agreement”

     

     

    That’s the bank in trouble for hiding accounts to avoid taxes??

     

     

    A match made in heaven.

     

     

    Árd Macha

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