Published Tuesday, 10 January 2012
The PLUS Stock Exchange suspended trading at noon on Monday, with Whyte responding by saying there was little benefit in the club being listed anyway given the structure of the shareholding.
"The fact that the club has a majority shareholder controlling more than 80% means there is very little trading in shares - in reality, a public listing means more bureaucracy," he said, in a statement on the official Rangers website.
"Since becoming chairman I have always questioned what is really being achieved with a public listing.
Rangers does not need to remain a listed company in order for people to buy and sell their individual shares.
Craig Whyte
"Whether or not we are a listed company, accounts will still be published and there will still be a shareholders' AGM. All shareholders would be able to hold the directors to account."
Shareholders have not yet been able to do that formally under Whyte, as Rangers have not met their obligations to hold an AGM.
Whyte is waiting for a more positive outlook before holding the meeting and Rangers said that "last year's postponed AGM will be held as soon as possible after the accounts are finalised", which they claimed could be by the end of January.
The positive outlook is very much dependent on the outcome of the club's tax tribunal with HM Revenue and Customs, which is expected to be held over the first three days of next week.
However, it could be March or beyond when the outcome is known and Whyte has already admitted Rangers face entering administration if they suffer a heavy defeat - with the potential cost up to £49m.
Further questions remain following the club's admission that Whyte had been disqualified as a director.
James Goodwin, director of regulation at PLUS, said: "The PLUS Stock Exchange is also currently conducting an investigation into the circumstances under which Craig Whyte's seven-year disqualification from acting as a director in 2000 were not disclosed at the time of his appointment to the board of Rangers FC on May 6, 2011."