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Otis

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    This is called Bears Den 'Right'

    in Jimmy Bell's Kitroom

    Posted

    I've never seen FF.

    It was the first one I tried when I went looking for a forum - but it was a closed shop unless you signed up.

    I don't like things like that - for all I know it could have been the KKK in there. So I walked on by.

    Then I found RM, and it was open and transparent, so I felt happy to sign up (after lurking for a few months)

    Haven't regretted that decision, and don't feel the need to sneak in to FF to see what I'm missing.

    I've never seen FF.

    It was the first one I tried when I went looking for a forum - but it was a closed shop unless you signed up.

    I don't like things like that - for all I know it could have been the KKK in there. So I walked on by.

    Then I found RM, and it was open and transparent, so I felt happy to sign up (after lurking for a few months)

    Haven't regretted that decision, and don't feel the need to sneak in to FF to see what I'm missing.

    The whole infighting thing between the forums seems a bit petty to me, we've a big fight coming up in January and we'll need to stick together.

    Both bidders going for Newco

    in Jimmy Bell's Kitroom

    Posted

    If somethings too good to be true then trust your instincts. I don't want this Miller guy anywhere near the club, all this talk of incubator companies just doesn't feel right.

    I wish Murray and Kennedy would also stop playing games and get on with it, it they are planning on a newco instead of CVA then thats a big blow.

    Whytes Shares in The Rangers

    in Jimmy Bell's Kitroom

    Posted

    As we know there has been much speculation about Whyte and his shares recently with him being branded irrelevant, and a side issue, by the administrators.

    I don't think any of us really believed that to be the case, but I have been looking back at Whyte and how he came into the picture and as far as I can see there are a few matters which will need resolved before Whyte agrees to any handover, no matter who buys us and what is offered in any CVA.

    To me the minimum Whyte will want is what he has paid out, one way or another.

    I assume that there have been costs associated with the following:

    1) Due diligence - he must have paid a lawyer or other such company for a report of sorts.

    2) Legal fees - incurred as a result of contracts being drawn up, signed, registered, advice give, attendance at meetings, etc, etc.

    3) General expenses - travellng, hotels, general playing Billy Big Baws whilst in Glasgow taking us over.

    4) Accountancy costs - as stated, running the numbers in conjunction with the lawyers, etc.

    5) Business consultancy/financial advice - there are always hanger-on costs like these, BS though they may be.

    In light of the above, I would guess that the total is a fair whack indeed, and there is no way he will walk without this being paid back to him, whether he actually deserves it or not.

    if we then look at the situation where he actually expects a payment for his shares on top of the expenses/costs above we could be looking a seriously frustrating situation with Whyte, and one which may not be easily resolved.

    Has anyone any ideas the type of figures we could be looking at for an average buyout of the sort we have been subjected too? The share matter will be based on opinions, but there must be some figures available for takeover costs per se.

    Any ideas?

    BDLoyal

    I always assumed he paid for everything out of the ticketus money and apart from his pound never put anything in. Also the Arsenal shares that he sold have yet to be accounted for.

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