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The All New Sevco Back in Yer Bin Thread; Taking out the trash
Topic Started: 29 Apr 2018, 04:24 PM (2,086,930 Views)
nakasboots
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Off treasure hunting in Holland
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Archibald P Treadwhistle
7 May 2018, 04:05 PM
I can see how the ignorant and gullible plebs can be taken in by the machinations of the mendacious Dave King but the other directors are businessmen and really ought to know better. What’s their excuse?
Ffs you're being a bit hard on them?

Dave is just waiting to open a bank account, that's all. :angry:
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jim62
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up on the roof!!

Leaving aside the difficulty of doing a share issue while subject to a TOP ruling as mentioned above

They passed a resolution at their AGM allowing about 108 million new shares to be issued

Assume they are priced at 25p... “selling “ all 108 million shares raises £27 million
However... you then effectively gift shares to the directors who have ponied up loans... deduct £17 million

Take away about £1 million in costs

Pay back Close Bros £3 million

That leaves up to £6 million “raised” in cash after the loans are treated as purchases and converted to shares

And that assumes they can “sell” the shares which aren’t just being converted to equity

Will Club 1872 be daft enough to use whatever funds they hold to buy shares at that price to stop the share issue immediately diluting the value of what they hold ??
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culchie
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King working on plan to use 6 mullion from share issue and portly Mohawk money to pay for his offer. Sensible plan.
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linlithgowbhoy
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Seem to remember that when Honey G was about to be paraded David Low @Heavidor made some off the wall comment. Would love to know what he was hinting at. He’s usually on the money. :ponder:
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markiebhoy7
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No' a snider
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So the banter years are ongoing then? :lol:

Fuds :lolhuns:
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IndianaBhoy
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First-team starter
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Notable short tenures in UK football:

Henning Berg - Blackburn (57 days, 2012)
Brian Clough – Leeds United (44 days, 1974)
Alex McLeish - Nottingham Forest (40 days, 2012)
Steve Coppell – Manchester City (33 days, 1996)

Steven Gerrard - Sevco (?? days, 2018)
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jbj712
Getting on a bit
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People need to realise that King is good at telling people what they want to hear and as the judge in SA said, he’s a glib and shameless liar.
No doubt he sold SG the line about Scottish football being poor, the zombies being better than Murtry was getting from them, that he only had to beat Brendan, that Morelos was like £10M in the bank and that more money was on the way.
SG has the ego that says naff this working with U18s or U20s for a few years, I’m SG I can do this no bother!
Basically two conmen thinking they can out smart everyone else!
SG problem being that King has been conning people for years and is much better at it. He also knows that he has plenty of friends in the media that will excuse him when it all goes pear shaped.
My only quibble is that the £6M announcement will give our board the ammo to say that we don’t need to spend too much to see SG off!
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atinofbeans
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IndianaBhoy
7 May 2018, 04:21 PM
Notable short tenures in UK football:

Henning Berg - Blackburn (57 days, 2012)
Brian Clough – Leeds United (44 days, 1974)
Alex McLeish - Nottingham Forest (40 days, 2012)
Steve Coppell – Manchester City (33 days, 1996)

Steven Gerrard - Sevco (?? days, 2018)
Missed Jock at Leeds. Also 44 days.
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Pussyfoot
À la mode if you will
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markiebhoy7
7 May 2018, 04:15 PM
So the banter years are ongoing then? :lol:

Fuds :lolhuns:
The Press Conference was much ado about :hahaleft: Banter :haharight:
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screwtop
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These bastards really are thick.
I blame their schools.
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GoKartMozart
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Wanyerma
7 May 2018, 02:49 PM
fatboab
7 May 2018, 02:47 PM
Colour me shockeroonied.

Some real zoomers on here and on hun media who had Sevco being re-funded by the GDP of a medium sized country, and there it is , in all its faded glory. A share issue. A feckin share issue that might, or might not, raise somewhere near or maybe not really near £6m . Feck me, that Stephen Gerard must be some manager in the making.
Stupid Hun bastards believed the whole story anaw. They are the thickest assembly of stupid bastards on the entire planet.

Every single time. :lol: :lol: :lol:
tbf to folk on here who thought something was in the offing, it was valid based on Gerarrd taking it.

No one knew how thick/arrogant he clearly is.
Has he actually signed for them?
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jbj712
Getting on a bit
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Pussyfoot
7 May 2018, 04:24 PM
markiebhoy7
7 May 2018, 04:15 PM
So the banter years are ongoing then? :lol:

Fuds :lolhuns:
The Press Conference was much ado about :hahaleft: Banter :haharight:
Was this event filmed or did Glibby make that one of the conditions of entry, along with the usual,no follow up questions?
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bigkev
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nakasboots
7 May 2018, 04:09 PM
Archibald P Treadwhistle
7 May 2018, 04:05 PM
I can see how the ignorant and gullible plebs can be taken in by the machinations of the mendacious Dave King but the other directors are businessmen and really ought to know better. What’s their excuse?
Ffs you're being a bit hard on them?

Dave is just waiting to open a bank account, that's all. :angry:
The TSB have it at the top of their to do list
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lenobhoy
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Archibald P Treadwhistle
7 May 2018, 04:05 PM
I can see how the ignorant and gullible plebs can be taken in by the machinations of the mendacious Dave King but the other directors are businessmen and really ought to know better. What’s their excuse?
I think that's why 2 of them left. Maybe they knew it was all a clustereff anyway and legged it. Would be interesting if one of the journos/hacks got their take on it for a laugh.
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CM1975
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Imagine your wife took up with a gangster and serious threats were made on your well being at the same time your protector has suddenly been removed from the picture. Then a job offer in another country comes up that removes you from harms way and keeps you in the public eye at the same time.

Would you be bothered about the finer points of that timely job offer?
Edited by CM1975, 7 May 2018, 04:31 PM.
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TheGloryYears
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linlithgowbhoy
7 May 2018, 04:14 PM
Seem to remember that when Honey G was about to be paraded David Low @Heavidor made some off the wall comment. Would love to know what he was hinting at. He’s usually on the money. :ponder:
He said Stevie G wasn't part of the King circus and there was more to come . Still nae c#nt knows what he meant .
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Gothamcelt
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Some good comment form Dave today.
"Right now, we don't have a player plan because Steven hasn't really looked at it."
"...depends on how many of the players Steven wants to keep. We haven't even discussed it" and on the transfer budget "We don't put figures on that because we can't".

Dave King: Share issue to provide Rangers with £6m

Spoiler: click to toggle
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Gothamcelt
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bigkev
7 May 2018, 04:27 PM
nakasboots
7 May 2018, 04:09 PM
Archibald P Treadwhistle
7 May 2018, 04:05 PM
I can see how the ignorant and gullible plebs can be taken in by the machinations of the mendacious Dave King but the other directors are businessmen and really ought to know better. What’s their excuse?
Ffs you're being a bit hard on them?

Dave is just waiting to open a bank account, that's all. :angry:
The TSB have it at the top of their to do list
You could always refer him to your bank and receive £100 for getting the bank a new customer.

Who's up for that?
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El Salto
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So much for the Fenway Group/Ashley/Murray etc

Suck it up dobothy, you`re fecked

Royally fecked
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Luca
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Off treasure hunting in Holland
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Has Park resigned yet?
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