The Takeover Panel
10 Paternoster Square
I am the author, creator and owner of an award-winning social media site. This site since its inception just over two years ago has north of 17.6m hits and has a daily readership which exceeds what passes for quality journalism in Scotland, viz The Herald & The Scotsman. My readership includes one Lord Ordinary and many members of The Faculty of Advocates. The factual information presented on this site is regularly discussed in chambers.
I have conducted a thorough investigation of David Cunningham King. Many of my peers acknowledge that I am the leading authority on this career criminal. Mr. King is playing The Takeover Panel for fools.
Friday’s petition to The Court of Session to have King’s motion of appeal thrown out was unsuccessful. As a consequence Mr. King will not be in contempt of Lord Bannatyne’s considered opinion of 22/12/17 on the 21st of this month. The Inner House has set aside two consecutive days for the appeal on the 28th February and 1st March. Three Lord Ordinary will listen to submissions by a former Lord Advocate of Scotland, Baron Davidson of Glen Clova. Mr. King is not paying for the best legal representation money can buy. The services of Baron Davidson, junior counsel and instructing solicitors is being paid by season ticket receipts and repayable loans. Mr King’s British Virgin Islands NOAL trust fund has loaned £6.7m to RIFC Plc as per their accounts to 30/6/17 which were published on 3/11/17.
Should the Inner House uphold Lord Bannatyne’s opinion it won’t be the end of the matter. Mr. King will seek permission to petition The Supreme Court. On the balance of probability this will be granted.
Any judgment by The Inner House will take a minimum of three months to be disclosed. June, or more probably July, buys King more time to wreak havoc in a UK Plc. His shareholders have vested him with the authority to issue more than one hundred million ordinary shares. By having ‘the can of worms‘ kicked down the road King and his concert party can act with impunity to the disadvantage of minority stakeholders.
In a blatant transgression of FCA Insider Trading regulations, RIFC Club Secretary, James Blair (whom you have met) solicited the support of stakeholders by offering to ‘see them alright‘ if they voted for resolutions 10 and 11 at RIFC’s 2017 AGM.
Mr. King is an old hand at blindsiding watchdogs. The Johannesburg Stock Exchange’s watchdog failed to act when a mysterious third party bought a parcel of shares in MMI and gifted them to King’s daughter. This transaction which ultimately conferred 75% of B share equity to King’s daughter drove a horse and coaches through concert party regulations. This mysterious benefactor was none other than Dave King. At the time King’s trust funds had been frozen (Miranda Order in Guernsey) but he still had an undisclosed quantum at his disposal.
King treats the JSE as an advisory body. His company has been fined for a slew of insider trading transgressions. King perceives these fines as no more than an inconvenience; an insignificant tax to be paid on more lucrative rewards.
In engaging in litigation, The Takeover Panel Executive is pursuing an individual who is prepared to lie in court. South Africa’s Supreme Court Judge, Brian Southwood, asserted that it was the unanimous conclusion of he and his fellow presiding colleagues that King is:
“A glib and shameless liar who won’t hesitate to lie if it’s in his interests to do so.”
King is laughing at you. He is an old hand at using legal redress to buy time. He tied up the South African Crown Prosecuting Authority for ten years with appeal after appeal.
Is The Takeover Panel just an advisory body? An anachronistic throwback to a time where those in the city wore bowler hats and their words were their bonds?
Is it not high time that you issued a formal Cold Shoulder notice in regard to Mr. King? If you are awaiting legal avenues being exhausted may I suggest that you don’t hold your breath.
(actual name available on request)