Yesterday I gave a breakdown of Firefighting 101
Today we saw Number Two on the list being deployed:
Deflect.
The Frimpong story is a transparent exercise in deflection.
“Look a squirrel!”
I was especially surprised that this world exclusive appeared in the soaraway Sun.
That is because yesterday I was informed by an impeccably placed source that the same prestigious blatt had been offered some pics from the Sevco house party.
Perhaps they might consider the publication of those verified images to be not in the public interest.
However, apparently, young Master Frimpong’s love life is major news.
For the avoidance of doubt, that which some of the public might be interested in is not the same as the public interest.
The latter is the stuff of a properly functioning Fourth Estate.
Meanwhile, in the Blue Room, I’m hearing that the Serious Professional has witnessed the limitations of Sevco’s new PR superhero DUPman.
My understanding is that the former wanted a low key approach to the house party story.
However, the latter wanted to go all out on how ethical the Ibrox club was when it came to their attention that TWO Sevco players had attended a dignified soiree.
The sad school of experience tells me that the Serious Professional called this one correctly.
However, the chap from Ulsturr held sway.
Consequently, the entire Ibrox approved narrative isnow a hostage to fortune.
Of course, the local media will always be onside for anyone who owns the stadium that John Brown played for.
Therefore, we should not expect journalism to break out in those terminally ill titles on matters Ibrox.
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Rangers – the newco – used to trade on the AIM, the ‘Alternative Index Market’. That’s like the 4th division for public companies below the FTSE 100, 250 and 350. Newco’s use the AIM because the “rules” (such as they are), are far less strict than the FTSE. The AIM is where you have a slim chance of making a fortune and every chance of losing your shirt. I know, because I’ve learnt some harsh lessons there. If you’ve seen the ‘Wolf of Wall Street’ then remember that company (Aerotyne) whose shares were sold to the postman? That’s like the AIM. Now here’s the thing. Rangers decided not to trade on the AIM because the rules were STILL too transparent and legally binding for them.
Sad state of affairs that there seemed to be a real effort to search out the JF story, actually happened weeks ago and the club knew about it as I’m sure we will see in due course, bit mad going to the lengths the sun did yo get an expert to comment.
Also see 19m share issue looking for pennies for the meter, how much dilution can a club go through? How often can you rinse your fans etc? How long can you keep accounts before the law says you have to post returns? I know they float on some exchange or other, are they breaking those rules?
Accounts have to be made available to shareholders prior to AGM… which must be imminent.
There’s the rub, Bandito. As I recall, they were in the AIM before the King takeover and despite promises about appointing a new NOMAD (a requirement of that exchange), King did as King does and reneged on that promise. So, no, I ‘m pretty sure they are not on any exchange.
Publishing annual financial returns is a requirement of being a company registered at Companies House.
Can anyone confirm or expand on this so as to keep people up to date.
I’m not sure that they are listed on any exchange. Think I read somewhere that a specific broker handles the buying and selling of shares between individuals.
I could be wrong. Wouldn’t be the first time.