Can they be kicked out the League Cup if they are liquidated as well!
Clutching at straws now
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I needed cheering up tonight and this thread just keeps delivering :wink:
Pleasing.........
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Just a thought on the frozen Yam shares and a way the Merricks might use to get round the problem.
Could the UBIG administrator enter into an agreement to sell the shares to FoH once they become unfrozen . Would a signed contract with an agreed price to acquire the frozen shares be enough to allow the CVA to proceed, that's assuming that there is also enough cash on the table to satisfy the Secured Creditor ?
We gave them a confidence boost in August that set them on a wee run, along with something like £90,000 for their coffers.
This week, we've given them another confidence boost,just as they were on a count of 9 - and set them up for a further c. £200, 000 to see them through a wee bit longer.
Another two games against us (likely) may well be exactly what they need to see them through to the end of the season and still in the top division.
Which is actually as sickening as the simple fact of losing to them when we shouldn't.
Unless we draw them in the Scottish cup they'll only make any money from us once more this season, and that's a guaranteed fixture in March before the split (on the assumption they're not liquidated by then). If we finish in the bottom six then the last derby of the season will be at ER. If you're talking purely about confidence boosts I'd like to think that Wednesday night will be the last time they beat us this season. Lets not forget how awful they are and how lucky they were on Wednesday
I would have thought the shares would have to become unfrozen sometime. Be it 3, 5, or 15 years, if they have an agreement in place to acquire them is that enough for a CVA to progress.
UBIG have 49.47% of the shares so if FoH get every other share they could have majority holding.
Can someone please tell me this won't work . :greengrin
No one has updated the status of the YAMs demise since yesterday afternoon. It was lurking down on page 2. Did something happen to yesterday that made us all focus 100% on Hibs? Shame on you all :na na:
because Hearts went into admin before the season 2013/2014 started they got a 15 point deduction,so does that mean at the end of the season hopefully they should be relegated,if saying that with the legal cases going on regarding financial wrong doing and the frozen shares they may well still be in admin,would they then incur another 15 point deduction going in to the following season or is that just wishfull thinking on my part:confused: