[Larry-AV]

Dave King's company's loan to Rangers of £1.5M is unsecured and free from interest and fees.
I don't think anyone could complain about that, I certainly am not.

Rangers FC - Loan Agreement

Correct but the loans will be truned into equity at a later date, so technically will water down the value of the  existing shares.

Even better for us from a club point of view though as it's essentially a capital contribution.

As a shareholder I have no problem with RIFC (or RFC) expanding Rangers' capital base.
Certainly doing this would dilute my shareholding in RIFC as a percentage of the total shares issued, unless I invested further to maintain the percentage. When I bought my shares I did not do this to make a profit, or even to see a dividend ... I bought them to support Rangers Football Club.
That remains my position on this matter, as does my other stance on my shares ... they are NOT for sale !