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SFO, IPO, hell will freeze before SFA act

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An appropriate course of action when you are the chairman or a non-executive director of a PLC when a fellow director and, until last week, chief executive, has been reported to the Serious Fraud Office for matters in connection with the company, would be to immediately contact the accuser asking for full and immediate disclosure of information which could materially affect investors and the company’s trading position.

The “compelling evidence that Messrs Green and Ahmad received a letter before claim in December 2012, having received previous correspondence, and chose to ignore it” sounds like a signed-for receipt.  If this was received before 22 December, the date of Rangers International FC PLC’s IPO, it is of critical importance that the board ask for sight of the evidence, irrespective of what Mr Green says about its existence.

This season’s Third Division has nine days to run and it would inconvenience many if these matters were brought to a head before then, but the duty of directors is clear; they cannot postpone attending to the interests of investors until after the football season.

Lawyers acting for RIFC PLC should politely request full disclosure from the other party, without delay.

Some in the SFA may be tempted to attempt another Grand Plan to prepare for and accommodate and almighty collapse at one club.  Grand Plans don’t work in these circumstances; the last one led to the current Lawyers at Dawn scenario.

We await the SFA acting in relation to RIFC PLC’s claim that Sevco 5088 Ltd, a company Craig Whyte is a registered director of, is part of their group.  This is in direct contradiction to an earlier representation made to the SFA, and breaks a condition of their membership of the Association.

Current SFA president, Campbell Ogilvie, is a former Rangers director.  My prediction is that hell will freeze over before he allows the SFA to act on this matter.  The SFA shall wilfully ignore its own rules.
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1,068 Comments

  1. Dontbrattbakkinanger on

    It’s a glorious mornin’ in ole Shangri La.

     

     

    In the ole greenhouse the green shoots are appearin’, and the wee birds are singin’ their wee hearts out.

     

     

    Ain’t life grand?

  2. saltires en sevilla on

    Quonno

     

     

    Good points there.

     

     

    Personally I can wait 45 mins before going -I accept some cannot for a variety of reasons – just to be clear I am not advocating a mass piss up. Most folk want to enjoy the game and a couple of pints for me would be sufficient for me.

     

     

    In terms of revenue @ 3:00 per pint that would be approx £150 spending each year. PP

     

     

    One of the impressive design features at Emirates in both the cheap and dear seats ; you can wander along the aisles without anyone having to stand up to let you in/out. Also all seats padded and ample for the larger erse (before anyone else points out – like mine…)

     

     

    BT – Interesting point on www access. I am undecided on that -HT makes a valid point re distractions and loss of atmosphere.

  3. DBBIA

     

     

    I’ve pulled the muscle at the front of my thigh whilst kidding myself that I can still play 5s.

     

     

    It is extremely painful and I’m struggling to walk even the morning after. Do you happen to have any recommendations?

  4. Saltires

     

     

    Sorry missed your reply.

     

     

    What is the date for the cycle?

     

     

    MT

     

     

    Yes and no if you get my drift :-)

     

     

    Did you get my DM on Twitter?

  5. pedrocaravanachio67 on

    A letter for Mrs BMCUWP ( mammy )

     

     

    Dear mrs CUWP’s, can you let BMCUWP senior ( tully57 mk2 ) oot for a few libations on Saturday. There is a meeting of minds, not seen for some time in establishments in Glasgow and it would be a shame if he were to miss out.

     

    I am a sensible sort of chap and I will keep him away from those nasty whiskey drinking bad bhoys ACGR and your easily led son. I will ensure he is poured….ahem ahem…put on a train at a sensible time, with me, as long as he wakes me up at Glengarnock. I appeal to your wonderful nature and the fact that you’ve been lumbered with him for 6 weeks in Murcia, and quite frankly must be sick of the sight of him.

     

    Please, please let him oot tae play.

     

     

    Yours PC67

  6. Just been on to ticket office. The seats that are getting moved are from row w back so they can bring all the fans closer to the pitch.

     

     

    HH

  7. Saltires

     

     

    I know, it’s a balance as kids can be easily distracted if not a lot happening on the pitch..

     

    just a consideration

  8. HT get some voltarol cream and rub on your Quad and try and keep weight off it as much as possible. If you can get some diclofenic tablets. After a day start some slow stretches.

     

    not seen your DM ( what is that ).

     

     

    HH

  9. saltires en sevilla on

    hamiltontim

     

     

    10:10 on 26 April, 2013

     

     

    Ride to Dumfries Sat 18th of May – see email from Mouldy.

     

     

    HH

  10. Having caught up with the stories today, who do we think is actually Peter Lawwell on here?

  11. Bada

     

     

    Those who watched my comeback last week would claim that I gave up years ago!

     

     

    BT

     

     

    Is your medication in liquid form? :-)

  12. Hamiltontim

     

    I’ve pulled the muscle at the front of my thigh whilst kidding myself that I can still play 5s.

     

    —————————————————

     

     

     

    you should have ice on the muscle or a bag of peas, whatever floats yer boat. Makes a real difference in recovery

     

     

    Your Tooo old for 5’s anyway…give it up!!

     

     

    HH

     

     

    SM

  13. mighty tim

     

    10:15 on

     

    26 April, 2013

     

     

    HT get some voltarol cream and rub on your Quad and try and keep weight off it as much as possible. If you can get some diclofenic tablets. After a day start some slow stretches.

     

    not seen your DM ( what is that ).

     

     

    HH

     

     

    ———————–

     

     

    Will a dozen pints of Guinness tomorrow afternoon have the same effect?

  14. HT..

     

     

    no alcohol until pain under control.. really strong medication at the moment..

     

     

    gang hut fully stocked up as usual though.. o))

  15. HT Eh yep that should just about do it mate. Just remember when the Guinness is in you that you think everything is ok, that is when you will do more damage. But that can wait for Sunday.

     

     

    HH

  16. Saltires

     

     

    I’ll get in touch with PM and get the details. Thanks for the reminder.

     

     

    Steviebhoy66

     

    10:16 on

     

    26 April, 2013

     

     

    I’m not sure that my own HT would be overjoyed to walk in and see that particular sight :-)

  17. HamiltonTim

     

     

    Do you have access to a hyperbaric oxygen chamber?

     

     

    If not, Lourdes.

  18. I wanna testify.

     

     

    Our Lady cured my hamstring injury at Lourdes in February 1987. FACT.

  19. pedrocaravanachio67 on

    HT

     

     

    tore the quad on my left leg years ago, I needed physio, hopefully yours isn’t as bad as mine, I still have a dent / hole were the muscle should be!!!

     

    Follow mighty tim’s advice…and don’t go back playing too soon.

     

     

    If I see u on Saturday I’ll show u my hole!!! Fnar fnar.

  20. Celtic_First

     

    10:22 on

     

    26 April, 2013

     

    HamiltonTim

     

     

    Do you have access to a hyperbaric oxygen chamber?

     

     

    If not, Lourdes.

     

     

     

    Class :))

     

     

    Coffee getting clean off screen now.

     

     

    HH

  21. HT

     

    If you have pulled your Quad muscle you can forget any bike ride for at least a month

     

    mate.

     

     

    Email me your plans for tomorrow trying to sort things, had a pretty rollercoaster week which did not end to well.

     

     

    HH

  22. ASonOfDan

     

    10:16 on

     

    26 April, 2013

     

    Having caught up with the stories today, who do we think is actually Peter Lawwell on here?

     

     

    ——————————————————

     

     

    PL was outed a while back.

     

    he posts on here as Ernie Lynch.

     

     

     

    ————–

     

     

    just teasin before i get jumped.

  23. ASOD

     

     

    I’m Peter Lawell !

     

     

    Well I might as well own up. My pseudonym gives it away really!

  24. BT

     

     

    Week started great ended real s**t mate.

     

    How is the leg doing hope it ain’t to painful.

     

    Was hoping to get me and Mrs MT along to your night in the Knights if you know what I mean.

     

     

    KTF

     

     

    HH

  25. I haven’t posted for a while. Not since the LNS verdict.

     

    However, good to see the Lemmings are still chucking themselves off the precipice.

     

     

    Funniest joke of this whole saga, I can’t recall who posted it, was the one about the Hun on top of the stand at Celtic Park, threatening to chuck himself off….

     

     

    Laughed for weeks on that one!

     

     

    BTW: No I am not really PL.

     

    I was just making use of my acronym ‘cos all the Sevconians blame PL for all their woes anyway.

  26. 'crushed nuts?' 'Naw, Layringitis!' on

    steviebhoy66

     

     

    10:16 on 26 April, 2013

     

    Hamiltontim

     

    I’ve pulled the muscle at the front of my thigh whilst kidding myself that I can still play 5s.

     

    —————————————————

     

     

    you should have ice on the muscle or a bag of peas, whatever floats yer boat. Makes a real difference in recovery

     

     

    Your Tooo old for 5′s anyway…give it up!!

     

     

    HH

     

    @@@@@

     

    I’m no doctor but I wouldn’t put ice anywhere near your peas! And I would certainly not recommend ‘deep heat’!!! My eyes still water at the memory!

  27. was following Twitter on Wednesday night whilst I was down in London, came back last night and expected to see MSM all over the latest from Mordor , SFA in full attack mode and the padlocks on Furry Park. Was I a fool ? No, just a madman

     

    I agree 100% with the lead article, once again they will survive, even prosper, at the expense of well run clubs.

     

     

    As for NFL`s rant ? not his best work especiallly when we had such positive press all week.

  28. On a more serious note: can any of you legal/investment types clarify something….

     

     

    Is it legal, and is it entirely possible, that Sevconian major shareholders are deliberately propping up their share price by doing deals with each other to transfer shares back and forth, at higher prices, to artificially increase the basic share price?

     

     

    It seems to be a pattern that they have drop, drop, drop and then suddenly a sizeable jump in the price again.

     

     

    Why else would anyone buy shares at a higher price than the recently, lower price?

     

     

    Of course, why would anyone trade in worthless shares anyway but that is another story?!

  29. Celtic_First

     

     

    I have some water from Lourdes, that’ll be put to use later!!

     

     

    MT

     

     

    Mail me and I’ll reply mate.

     

     

    P67

     

     

    See you Saturday, bring grapes! ;-)

  30. BT keep me informed re tickets

     

     

    HT I have just done the DM thing to you on twatter

     

     

    HH