RST Board respond to malicious email.

[ForeverBlue_Since91 2,895]

The RST board have become aware of a malicious email containing untruths is doing the rounds. Below we address all the concerns and encourage you to share amomgst all Rangers fans.

The allegations are in bold with our response below in italics.

"Important information for those wanting to invest in Rangers through the Rangers Supporters Trust.

Paying £125 to invest in 'the club' is a misleading statement. You are paying £125 to invest in The Trust, who will use your money to buy Rangers shares for the RST."

The BuyRangers campaign is an indirect investment into the club/holding company.

"As Shares are being issued in lots of £500, you will get no personal shares in the club, and no personal stake in Rangers FC"

The RST which will hold the shares is owned by it's members, therefore every member part owns every share held.

"You will get no vote at AGMs, EGMS or for any club business"

Every member who holds a Community share will have a vote as to how the Society utilises it's block vote. Members will be balloted on a one member one vote basis with the majority ruling.

"The Trust are telling you that they are buying shares on the basis that each Trust member investor gets one member one vote. That vote is for Trust business which you would get as a normal member of the Trust, not for your £125 investment"

RST members who don't own Community shares will not be allowed a vote on any club business. Those members would only get a vote on RST issues i.e. electing board members, changes to the RST constitution etc.

"To maintain that one member one vote sham, you will need to pay annual membership fees in the Trust."

The RST is a Community Benefit Society which is the legal structure recommended by UEFA for facilitating fan ownership and representation. By law (The Industrial and Provident Society Act 1965) you must be a member of the society to invest.

"If you lapse as a member of the Trust you write off your £125 'investment'."

If your membership lapses, it will be deemed as a request for withdrawal. On receipt of a completed withdrawal request form, monies will be refunded ASAP.

"You'll be able to buy more than a few shares for £10 - the price you have to pay to The Trust annually for them to use your money"

You will be able to purchase direct shares on the secondary market. Once you add in broker fees I am unsure as to whether you could do it for less than £10. Happy to be corrected if I'm wrong. Also the money would not go to Rangers.

"I've confirmed from the RST that if you buy shares through them you get 1 share (1 "Community Share" as they are calling it) for £125 whereas, if you buy directly via the share issue, the minimum investment of £500 gets you approximately 700 shares."

£125 gets you a Community Share in the Community Benefit Society. That £125 in it's entirety is used to purchase as many shares in Rangers/holding company as possible. A Community Shareholder part owns every share the Community owns.

"So, in reality, they are attempting rip off fans who wish to invest in the Club to buy through the RST so the numpties at the RST get their shares paid for! What a bunch of crooks!"

A totally inaccurate, malicious and potentially defamatory comment. I would strongly encourage anyone who has any suspicions that this is the case, to contact the police as it would be fraud.

Please pass this info onto any other Rangers groups you are in and stop this scam now!!!

PS another way of looking at it is for £125 you get 1 share but the RST get approximately 350!....

and they called Whyte a crook!

Just another way of lining Dingwall's pockets.

All our accounts are independently audited and no individual RST board member can possibly benefit from any RST business. As above. Feel free to contact the police.

[Ben10 2,294]

A lot of us do share the same sickly feeling about the RST and how it is run, but attacking fellow Rangers supporters like this threatens the unity and the club as a whole, also handing a golden opportunity to the enemies. The originator of these disingenuous emails should be found, prosecuted and shunned forever. Don't be tempted into behaving in this manner just because you have ill feelings towards the RST and particularly Dingwall. It comes naturally.

[Carsons Dog 9,878]

Oh dear, what has it come to?

[BEE 4,880]

"If you don't have anything nice to say then don't say anything at all"

Well I'll let them say it for themself.

[RangersMedia 35,961]

"If you don't have anything nice to say then don't say anything at all"

Well I'll let them say it for themself.

Can't believe that guy got that answer and decided to still go ahead. Bizarre for the RST to state "No. This shouldn't be used as an investment opportunity". Isn't that what a share issue in a Company is supposed to attract?

[BEE 4,880]

Can't believe that guy got that answer and decided to still go ahead. Bizarre for the RST to state "No. This shouldn't be used as an investment opportunity". Isn't that what a share issue in a Company is supposed to attract?

It's an investment opportunity for them, with no risk - they reap the rewards on any profit and don't incur any negatives if there's a loss.

That's not slating them, just easy to see from the above.

[Fastrax 274]

Spending £125 on shares via the trust IS paying for the trust to own the share. You have no legal hold over it in any way. Wan't to sell it? Only if the RST allows.

[islandblue 366]

Can't say keen on their model. Your money only allows them to buy shares .The shares are in the name of the RST so your investment is in the RST and not the Club.In addition you can't sell for 3 years.I looked at this option but didn't fancy it so bought £500 direct.You need to be aware of these things as many people think they are getting shares in the Club for their £125

[Non_Sucumbi 876]

Me thinks they doth protest too much.

Forget the shares and remember the trust's anti-Green stance and their 'Yankee Go Home' protest.

The most divisive 'fans group' in the 140 year history of Rangers Football Club.

[gogzy 31,195]

So they responded by basically confirming all these malicious lies.

[gogzy 31,195]

[TheLawMan 6,240]

"If you lapse as a member of the Trust you write off your £125 'investment'."

If your membership lapses, it will be deemed as a request for withdrawal. On receipt of a completed withdrawal request form, monies will be refunded ASAP.

I would love to know how they are going to do that.

"You'll be able to buy more than a few shares for £10 - the price you have to pay to The Trust annually for them to use your money"

You will be able to purchase direct shares on the secondary market. Once you add in broker fees I am unsure as to whether you could do it for less than £10. Happy to be corrected if I'm wrong. Also the money would not go to Rangers.

Im not being funny here but this is bordering on advice, which is something they should not be doing. Its also very misleading as well because anyone reading that could easily be fooled into thinking that if they buy on the secondary market, the club doesnt get the money, so they will buy from this scheme to make sure the money does go to Rangers. This is not the case after Tuesday.

[EatDolphins 5,358]

The responses to that email should have been put out there before the share issue even started. Way more confusion than there had to be.

[kplfishtank 4,667]

Yet we had Fury on here telling folk if they buy from investors after the date the money won't go to club. That statement is more detromental to their scheme than any sceptic could ever do.

[Non_Sucumbi 876]

I would love to know how they are going to do that.

Santa will be hand-delivering the RST refunds.

[TheLawMan 6,240]

Yet we had Fury on here telling folk if they buy from investors after the date the money won't go to club. That statement is more detromental to their scheme than any sceptic could ever do

Would any of the RM board extend an olive branch to MD or someone of his choice to do a Q&A thread that would be tightly moderated to keep off the usual attacks on RST(which im normally guilty of as well)

Or could someone ask him or them if they would be interested in having a voice on here by answering 10 to 20 questions in order to give more people the opportunity to join the scheme if the answers are solid.

Surely as a Board member of the RST, they would welcome any opportunity for a non biased session to further their cause.

[justiston 91]

Would any of the RM board extend an olive branch to MD or someone of his choice to do a Q&A thread that would be tightly moderated to keep off the usual attacks on RST(which im normally guilty of as well)

Or could someone ask him or them if they would be interested in having a voice on here by answering 10 to 20 questions in order to give more people the opportunity to join the scheme if the answers are solid.

Surely as a Board member of the RST, they would welcome any opportunity for a non biased session to further their cause.

Surely the above statement from the RST and the Twitter feed shown is more than enough for people to make up their mind - it is information from the RST which makes it appear to be a mad idea to even consider contacting them.

I think they have dug their own grave here.

[justiston 91]

Also...just read in another thread that a quarter of fans who are going in for shares are going via the RST?

Is this confirmed figures???

[Non_Sucumbi 876]

Would any of the RM board extend an olive branch to MD or someone of his choice to do a Q&A thread that would be tightly moderated to keep off the usual attacks on RST(which im normally guilty of as well)

Or could someone ask him or them if they would be interested in having a voice on here by answering 10 to 20 questions in order to give more people the opportunity to join the scheme if the answers are solid.

Surely as a Board member of the RST, they would welcome any opportunity for a non biased session to further their cause.

The same RST of 'Yankee Go Home' fame??? Why would anyone want to enter a debate or discussion with people who put self-interest before the interest of the club?

[CanadianBacon 2,088]

Me thinks they doth protest too much.

Forget the shares and remember the trust's anti-Green stance and their 'Yankee Go Home' protest.

The most divisive 'fans group' in the 140 year history of Rangers Football Club.

A case of reaping what it sowed now for the Busted Flush Group.

The boy who cried wolf.

[CanadianBacon 2,088]

Yet we had Fury on here telling folk if they buy from investors after the date the money won't go to club. That statement is more detromental to their scheme than any sceptic could ever do.

Detrimentally so fishtank.....in a detroMENTAL sort of way.

[Edmiston Drive 3,846]

No Comment

[Moody Blue Legend 62,019]

As i said in a previous post, there is a piece on this on the latest WATP podcast. I listened again last night, my money will be going direct to the club.

[Senna 735]

RST making an arse of themselves here.

[Carsons Dog 9,878]

Give them their due - they are triers