1264 days ago
It is not often I have nice things to say about the loathsome lard-bucket Mike Ashley but, just for today, he is my hero as his Frazer’s Group has put out a statement on the Covid shutdown. As you might expect, Mike does not mince his words:
1495 days ago
I start with a few minutes on how the Covid 19 pandemic has brought out the good in many people and the very worst in others. I’ve today done another podcast on Coronavirus which I am proud of on my own website HERE. I look at soaring markets and gold and asset bubbles I discuss IQE (IQE), Photo-Me (PHTM) and Ascent Resources (AST)
1639 days ago
In today’s podcast I look at Crest Nicholson (CRST), pox on AIM St James House (SJH), Cyancannode (CYAN), Yourgene (YGEN) and shocking share options, Big Sofa (BST) Goals Soccer Centres and Carpetright (CPR). Blame Brokerman Dan for this podcast being late and for me being a dirty and smelly wreck as I explain in the show.
1641 days ago
In today’s bearcast I look at fat yob Mike Ashley’s latest outburst on Goals Soccer Centres (GOAL), at Galantas (GAL), Bidstack (BIDS), Versarien (VRS) and at the tale of woe that is Cabot Energy (CAB) where the behaviour of the board in relation to potential wrong doing compares very unfavourably with that at Goals.
2001 days ago
I start with a Wigan Athletic supporting homophobic yob tweeting abuse at me on behalf of Frontera Resources (FRR). What a silly man at every level. FFS the real insult is he thinks I wear an England Rugby shirt. Whatever... Then it is onto the blurred line between PR and journalism and the Sunday Times splash on M&S (MKS) which should be taken with a bucket load of salt. Finally a few words on Mike Ashley. He may be a lardbucket and a tosser but...
2597 days ago
The staff of Corporate Governance tossers PIRC are a parasite sucking the lifeblood from the capitalist system and so it is delightful to see them doubly humiliated today. First up they backed the despised board at Bowleven (BLVN) who were ousted by shareholders. Now they appear to have done the impossible: make loathsome lardball Mike Ashley look like a hard done by victim by publishing some very fake news...
2960 days ago
In today's podcast I argue that it matters little who runs the London Stock Exchange (LSE) as long as it is not the idiots in charge now. I then move onto unnacceptable faces of capitalism: slob Mike Ashley, greedy pig Phil Green and the Wicked Witch Cherie Blair
3134 days ago
Featurng all your favourite players in this mad old tale: Craig Whyte, Charles Green, Aiden Earley, Paul Shackleton, WH Ireland, Dave King, Mike Ashley, Old Mother Worthington (WRN) et al. The big question is whether Rangers FC (RFC) can get a stockmarket flotation away and if so when? It is that which I try to answer in this podcast.
3179 days ago
Rangers International Football (RFC) recently announced the appointment of Peterhouse Corporate Finance as its ISDX advisor, and sources close to the deal say that ISDX is desperate for RIFC to join its junior market in London. A few uncertainties remain.
Sources close to the deal have revealed that bosses at Peterhouse have had four meetings with RIFC Chairman David Cunningham King – with the FCA now having cleared Mr King as fit and proper to run a public company.
However, in order to list on ISDX RIFC must show that it has enough cash to last 18 months. Right now it has net debt of £5 million to the loathed Mike Ashley and
3338 days ago
I am delighted to see that 85% of shareholders in rangers FC (RFC) voted at the EGM to boot out the Ashley patsies and vote on the Dave King slate as directors. But there remain a series of questions about the club’s future on AIM and also about the behaviour of disgraced advisers WH Ireland and Newgate Communications.
King himself has not taken a seat on the board but instead Douglas Park has joined along with the other new boys Paul Murray and John Gilligan. The old board indicated that AIM might have issues with King given his colourful past and I guess he has side stepped that and so there is now np reason AIM can object to Rangers staying on the Casino.
All that it needs to do is to find a Nominated Advisor (Nomad) to replace WH Ireland – the employer of disgraced China fraud specialist Paul Shackleton – which quit two days before the EGM. That should not be an issue.
Most Nomads will represent anyone for a fee. After all Paul Shackleton was happy to represent Naibu (NBU) even though its CEO was languishing in gaol although he did not feel the need to inform investors. Shackleton was well aware that the Naibu CEO had a criminal record but again was happy to take Naibu’s money. Quite why Mr Shackleton regards Dave King as worse than Houyan Lin of Naibu escapes me but then perhaps the fact that Naibu had paid his employer £750,000 in two years swayed his opinion. But I guess Shackleton would not be of interest to Rangers.
But
3365 days ago
The almost universally detested board of AIM Casino listed Rangers FC (RFC) had a cunning plan to deny shareholders democracy at the forthcoming EGM: hold it in London. While 2,000 might have attended the last bun fight in Glasgow, the tossers who advice the Ashley Minion led board reckoned a venue holding 500 down South would do. Oh no. As we predicted at the weekend: Problemo.
A statement out tonight on the Rangers website states:
3370 days ago
Rangers FC (RFC) has still not shown a shred of evidence to demonstrate that in accepting loan proposals from Mike Ashley and rejecting other refinancings it acted in the best interests of ALL shareholders. The Ashley minions who run the Rangers board are clearly loathed by the vast majority of Rangers supporters (rightly so in view of the refusal to provide evidence) and businessman Dave King has stated today that their days are numbered.
King is a colourful character having had a spit of bother with the South African tax authorities and having lost £20 million when Rangers last went bust. But he is a die-hard blue nose, unlike Ashley, and he reckons that he has the support of the 51% of shareholders needed to oust the board. And today he reckoned that the board would agree to hold an EGM this Friday, for later this month.
Interestingly King also said today that current Nomad, WH Ireland and its China fraud specialist Mr Paul Shackleton, was not “fit and proper”. Since we have seen absolutely no evidence
3373 days ago
Earlier this week I asked if the Board of AIM listed Rangers FC could justify why it had rejected two refinancings in favour of a third proposal put forward by a major shareholder in the club Mr. Michael Ashley. The Board of Rangers FC (RFC) is dominated by business associates of Mr. Ashley. Can Rangers show paperwork to justify its decisions and therefore show that it did not breach Section 994 of the 2006 Companies Act? Rangers has not responded. And so today I have written to AIM Regulation Team asking it to investigate
I have already written to the Scottish FA asking it to investigate – see HERE.
Dear Sirs.
3375 days ago
Earlier this week I asked if the Board of AIM listed Rangers FC could justify why it had rejected two refinancings in favour of a third proposal put forward by a major shareholder in the club Mr. Michael Ashley. The Board of Rangers RF (RFC) is dominated by business associates of Mr. Ashley. Can Rangers show paperwork to justify its decisions and therefore show that it did not breach Section 994 of the 2006 Companies Act? Rangers has not responded. And so today I have written to the Scottish FA asking it to formally investigate.
The letter has been emailed to the newly appointed Compliance Officer at the Scottish FA Mr. Vincent Lunny.
Dear Mr. Lunny.
