Share Transfers Agreed/Cooling off period

Printable View

21-11-2013, 03:28 PM
greenginger

Quote:

Originally Posted by Mikey

Indeed. Why would these organisations, who are supposed to be going to roll over and accept whatever BDO offers them, need an extra week?

There's only one reason....................

The UBIG admin. has got to find the Yam shares first. Vlad must have left them in a drawer when he bolted.
21-11-2013, 03:30 PM
JeMeSouviens

Quote:

Originally Posted by TheBoldBazza

A MEETING of Hearts’ creditors scheduled for tomorrow at Tynecastle has been adjourned for seven days at the request of Ukio Bankas and Ukio Bankas Investment Group (UBIG).

Both Lithuanian companies claim they need more time to assess the situation ahead of a proposed vote on a Creditors’ Voluntary Arrangement (CVA), which would allow Hearts to exit administration if accepted.

If Banderson is right (yeah, I know) then the fact that it's both companies' liquidisers and not just the recently appointed UBIG one that want the delay is good news indeed. :wink:
21-11-2013, 03:34 PM
hibees 7062

Quote:

Originally Posted by greenginger

Surely not this one ? :greengrin

http://www.morstonassets.com/about-us/our-team/

They wouldnt get permission to build.................................Again :rolleyes:
21-11-2013, 03:36 PM
GlasgowHibee

Going to try and not get too excited over this news - for us business jargon illiterate folk, this must put a dent in the CVA bid?
21-11-2013, 03:38 PM
hibees 7062

Quote:

Originally Posted by greenginger

The UBIG admin. has got to find the Yam shares first. Vlad must have left them in a drawer when he bolted.

Theyre in the safe beside the fans shares certs , its the key thats been misplaced :greengrin
21-11-2013, 03:50 PM
#FromTheCapital

Quote:

Originally Posted by Some Jambo Fud

It's quite possible that UKIO and UBIG have already decided what their decision is and that there is no point in flying to Edinburgh for a meeting today at considerable cost only to repeat the whole process next week.

:faf::faf::faf:
21-11-2013, 03:52 PM
SmithyHibee

Quote:

Originally Posted by JeMeSouviens

If Banderson is right (yeah, I know) then the fact that it's both companies' liquidisers and not just the recently appointed UBIG one that want the delay is good news indeed. :wink:

Agreed, it's not like they could come to a joint decision as they are of course in no way connected .......
21-11-2013, 03:55 PM
Hibercelona

Quote:

Originally Posted by #FromTheCapital

:faf::faf::faf:

Astonishing.
21-11-2013, 04:00 PM
TRC

is there any rule about how long you can be in admin?
21-11-2013, 04:00 PM
Arch Stanton

Now that one developer has shown the initiative to jump into the process I would imagine others will be doing their sums with a view to doing the same - could get a bit messy.

You'd wonder why BDO hasn't already asked for expressions of interest, or somesuch, before now. The fact they want Hearts to be a going concern (to maximise value to creditors) should only mean staying at tiny till the end of the season IMO.
21-11-2013, 04:02 PM
CropleyWasGod

Quote:

Originally Posted by crabis

Now that one developer has shown the initiative to jump into the process I would imagine others will be doing their sums with a view to doing the same - could get a bit messy.

You'd wonder why BDO hasn't already asked for expressions of interest, or somesuch, before now. The fact they want Hearts to be a going concern (to maximise value to creditors) should only mean staying at tiny till the end of the season IMO.

They did, with an ad in the Financial Times, right back at the start of the process.
21-11-2013, 04:08 PM
Ross4356

Quote:

Originally Posted by crabis

Now that one developer has shown the initiative to jump into the process I would imagine others will be doing their sums with a view to doing the same - could get a bit messy.

You'd wonder why BDO hasn't already asked for expressions of interest, or somesuch, before now. The fact they want Hearts to be a going concern (to maximise value to creditors) should only mean staying at tiny till the end of the season IMO.

When did this happen?
21-11-2013, 04:09 PM
Gmack7

Quote:

Originally Posted by crabis

Now that one developer has shown the initiative to jump into the process I would imagine others will be doing their sums with a view to doing the same - could get a bit messy.

You'd wonder why BDO hasn't already asked for expressions of interest, or somesuch, before now. The fact they want Hearts to be a going concern (to maximise value to creditors) should only mean staying at tiny till the end of the season IMO.

has the developer story been confirmed or is it wishful thinking
21-11-2013, 04:14 PM
#FromTheCapital

Suspect the developer rumour is pish. Delays were predicted on here before this rumour started, although it does appear to tie in nicely. In any case a random jambo on twitter is hardly a reliable source
21-11-2013, 04:20 PM
JeMeSouviens

Quote:

Originally Posted by #FromTheCapital

Suspect the developer rumour is pish. Delays were predicted on here before this rumour started, although it does appear to tie in nicely. In any case a random jambo on twitter is hardly a reliable source

Me too, but this delay coupled with the resignations from prominent Muppets at least raises an eyebrow.
21-11-2013, 04:21 PM
Pete

Quote:

Originally Posted by #FromTheCapital

Suspect the developer rumour is pish. Delays were predicted on here before this rumour started, although it does appear to tie in nicely. In any case a random jambo on twitter is hardly a reliable source

Maybe, but there's also the possibility that it's sinking in just how cheap this land is going for.

I'm not sure buying the assets for 3 or 4 million would be that bad a gamble.
21-11-2013, 04:24 PM
Arch Stanton

Quote:

Originally Posted by Gmack7

has the developer story been confirmed or is it wishful thinking

.

Even if it wishful thinking the story could still start a ball rolling
21-11-2013, 04:25 PM
GreenLake

Short cakes, long bulldozers
21-11-2013, 04:31 PM
Jack Hackett

Quote:

Originally Posted by crabis

.

Even if it wishful thinking the story could still start a ball rolling

One of those big metal ones on the end of a crane :pray:
21-11-2013, 04:34 PM
s.a.m

Quote:

Originally Posted by #FromTheCapital

Suspect the developer rumour is pish. Delays were predicted on here before this rumour started, although it does appear to tie in nicely. In any case a random jambo on twitter is hardly a reliable source

Who cares? Get it trending! :greengrin
21-11-2013, 04:36 PM
semaj64

Quote:

Originally Posted by peter douglas

Maybe, but there's also the possibility that it's sinking in just how cheap this land is going for.

I'm not sure buying the assets for 3 or 4 million would be that bad a gamble.

Especially with council looking to pump money into the East end and other areas in Edinburgh on the up. With tram stop at Murrayfield there is potential for the Vlad Hotel complex to be realised which could be a sound investment at today's prices.
21-11-2013, 04:37 PM
Arch Stanton

Quote:

Originally Posted by s.a.m

Who cares? Get it trending! :greengrin

That's true - and maybe get the rumour starter to start a bidding war!
21-11-2013, 04:41 PM
Seveno

Quote:

Originally Posted by greenginger

Surely not this one ? :greengrin

http://www.morstonassets.com/about-us/our-team/

Tom Harrison is a master at realising the full potential for a development site.
21-11-2013, 04:57 PM
Jim44

Quote:

Originally Posted by Sconaldo

Definitely? :wink:

........ Pedant! :-) Mind you, Judas spelled it just like 50% of folk pronounce it - 'definATEly' I'm no word snob but that pronunciation of the word gets up my nose.
21-11-2013, 04:59 PM
Famous Fiver

Are we seriously suggesting STF is involved in a bid for the stadium? That is just orgasmic. Karma for Wallet Mercer or what? What goes round comes round............. Please let it be true!!! I can't take it in...........Mon the Hibs!!!
21-11-2013, 05:03 PM
Bishop Hibee

Any prospective developer of Tiny should factor in the profit to be made charging Hibs fans wishing to have their photos taken amid the rubble.
21-11-2013, 05:07 PM
Seveno

Quote:

Originally Posted by Bishop Hibee

Any prospective developer of Tiny should factor in the profit to be made charging Hibs fans wishing to have their photos taken amid the rubble.

£20 a time for 10 minutes on the bulldozer.
21-11-2013, 05:09 PM
Dashing Bob S

I'm sure it's nothing to worry about and it only means that the FOH CVA has gone from being 'inevitable' to '95% certain'.

I'm also certain that it'll all be sorted out tomorrow...err, sorry, tomorrow week on the 29th, when I fully expect the FOH CVA to be approved and end of administration and all the uncertainty surrounding the club. :fibber:
21-11-2013, 05:09 PM
Hibercelona

Quote:

Originally Posted by Bishop Hibee

Any prospective developer of Tiny should factor in the profit to be made charging Hibs fans wishing to have their photos taken amid the rubble.

And next to the marble statue of Sir Vladimir Romanov.
21-11-2013, 05:14 PM
monktonharp

Quote:

Originally Posted by crabis

.

Even if it wishful thinking the story could still start a ball rolling

Initially, I thought it was a red herring but it is now building momentum and could actually be a full-on shiny silver slippery herring, looking for a slight tear in the BDO net:wink: