It’s all about Tannadice, your AIM nomad

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.