Share Transfers Agreed/Cooling off period

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28-11-2013, 10:04 PM
Glory Lurker

Who let Prof ****gy join the PM board? Do you guys not check folk are actually Hibbies first? :greengrin

EDIT: but at least the swear filter had some suspicions!

[all in jest, Prof - I think! ]
28-11-2013, 10:15 PM
Ronniekirk

Quote:

Originally Posted by matty_f

Remember the papers were all telling us rangers' Cva would go through.

Aye but it never was coz of the risk of the big tax case that never was .So there could a further twist to come in this tarnished corrupt cheating entity that clinging on to whatever small vestige of hope they can that they are going to come through this alright. frozen Asset s is the least of there worries and it should be made clear to them that even if they come out of Administration they won't be able to sign new players and relegation is natural justice Then in January why would fans continue to turn up in numbers to watch the inevitable humiliation . Surely pure defiance alone can't keep them motivated
28-11-2013, 10:22 PM
Prof. Shaggy

Quote:

Originally Posted by Glory Lurker

Who let Prof ****gy join the PM board? Do you guys not check folk are actually Hibbies first? :greengrin

EDIT: but at least the swear filter had some suspicions!

[all in jest, Prof - I think! ]

I think they checked my tenner. :na na:
Which means I've invested more in .net than Bowie has in Killie.
28-11-2013, 10:27 PM
Dashing Bob S

Quote:

Originally Posted by Sergey

A few factual words to remember...

UBIG'S ASSETS ARE FROZEN.

End of....

GIRFUY ya Jambo clutchers

Much ado about nothing mate. I'm waiting for the penny to drop both over there, and with some people on here.
28-11-2013, 11:19 PM
jacomo

Quote:

Originally Posted by Prof. ****gy

I think they checked my tenner. :na na:
Which means I've invested more in .net than Bowie has in Killie.

Please explain, what's the story with Bowie then. Not off topic as material interest to Hearts' fate this season.
28-11-2013, 11:26 PM
Viva_Palmeiras

Quote:

Originally Posted by Sergey

A few factual words to remember...

UBIG'S ASSETS ARE FROZEN.

End of....

GIRFUY ya Jambo clutchers

Get ready to R-U-M-B-L-E ...
29-11-2013, 01:55 AM
Steve20

Quote:

Originally Posted by Prof. ****gy

It's VERY unlikely that Killie will avoid administration before the end of the season.

If that's true, then Hearts look likely to avoid finishing bottom of the league. 12/1 Betvictor on Killie to finish bottom.
29-11-2013, 04:40 AM
Springbank

By "bottom" do bet victor mean 11th?

Out of the 11 who actually complete the full season 2013/14?
29-11-2013, 05:09 AM
Weststandwanab

Quote:

Originally Posted by Bajillions

He was one of the bidders not long after they went in to Admin. He's bad news for FOH because he's not relying on any flawed business plans and he's not looking to get the shares for nothing.

"He" in this instance is the UKIO Admin. It could be a woman of course, I don't know.

Many thanks for the clarification.

Quote:

Originally Posted by Mikey

There's still plenty to come out in the wash and I'd say that those who are jumping the gun are jumping the gun :greengrin

There's plenty mileage in this one yet.

Spot on.

Quote:

Originally Posted by greenpaper55

They do not like that Bob fellow over on keekback !, he must be a Hibby to have noised them up so much. Veiled threats and not so veiled threats posted over there against the man and it shows the calibre of your average yam, there are still some with their heads in the sand waiting to hail big nose back in January !.

I quite like Bob and what he is doing.

Quote:

Originally Posted by Aldo

Yip at least until Feb 2014

And the rest.

Quote:

Originally Posted by Hermit Crab

Cracker of a post from over the road.

Friday - CVA agreed
Saturday - Rudi confirming he will sign on 1st February if we are out of Admin
Sunday - Dump Celtic out of the Scottish Cup

How's that for a weekend? :bucktooth:

That is a Carlsberg weekend.
29-11-2013, 05:58 AM
Peevemor

On the brokeback Bob Jamieson thread

Quote:

Why would anyone in Lithuania take this muppet seriously?

Quote:

Unfortunately they probably don't know any better, yet.

Quote:

Cheers Chaps. File under 'attention seeking loser' then.

Remind you of anyone? :hmmm:
29-11-2013, 06:16 AM
PapillonVert

Quote:

Originally Posted by Bajillions

The problem is that fans would be paying their direct debits to FOH for what amounts to a minority shareholding which is not what the FOH are supposed to do. Even if they did go ahead Bob would then be entitled to 50% of the profits as well which would scupper their business plan as they wouldn't be able to pay it back as quickly.

So yes, in terms of a CVA it could actually help but in terms of FOH it would pretty much kill their plan.

Presumably also the Biddies' involvement is contingent on FoH having full control and them (the Biddies) receiving a transfer of UKIO's security over the stadium + the agreed repayments for their investment as and when? (I am guessing about the transfer of the stadium security bit but just can't see them handing over £2m+ without any kind of security).

If Sponge Bob gets the shares, looks like the game's up for FoH.
29-11-2013, 06:48 AM
Prof. Shaggy

Quote:

Originally Posted by jacomoseven

Please explain, what's the story with Bowie then. Not off topic as material interest to Hearts' fate this season.

I don't have the full facts about Bowie, but I understand his commitment was in some form of garuantee and not any form of cash investment.

I believe he has very recently gained ownership of some (substantial) property which was formerly a part of KFC. I'm not certain what the term "gratuitous alienation" refers to. (or if that is the term in question)

I also understand that talks over a proposed take-over of KFC by a local consortium have ended in failure. The present owner's attitude would appear to be that, without a substantial cash settlement in their personal favour, the club can go into admin.
29-11-2013, 06:55 AM
PapillonVert

Quote:

Originally Posted by Prof. ****gy

I don't have the full facts about Bowie, but I understand his commitment was in some form of garuantee and not any form of cash investment.

I believe he has very recently gained ownership of some (substantial) property which was formerly a part of KFC. I'm not certain what the term "gratuitous alienation" refers to. (or if that is the term in question)

I also understand that talks over a proposed take-over of KFC by a local consortium have ended in failure. The present owner's attitude would appear to be that, without a substantial cash settlement in their personal favour, the club can go into admin.

Giving an asset away for nowt.
29-11-2013, 07:10 AM
Thecat23

So reading through this, it looks like a CVA will be granted and not only that Killie will go into admin soon so the yams may even escape relegation? It's early so if this is wrong it's because i'm still half asleep.
29-11-2013, 07:19 AM
SmashinGlass

Quote:

Originally Posted by Prof. ****gy

I don't have the full facts about Bowie, but I understand his commitment was in some form of garuantee and not any form of cash investment.

I believe he has very recently gained ownership of some (substantial) property which was formerly a part of KFC. I'm not certain what the term "gratuitous alienation" refers to. (or if that is the term in question)

I also understand that talks over a proposed take-over of KFC by a local consortium have ended in failure. The present owner's attitude would appear to be that, without a substantial cash settlement in their personal favour, the club can go into admin.

Gratuitous alienation is the scots law term for a transfer of property to another party at undervalue. It only really comes into play in the event of an insolvency
29-11-2013, 07:26 AM
Onceinawhile

Quote:

Originally Posted by Peevemor

On the brokeback Bob Jamieson thread

Remind you of anyone? :hmmm:

Sergey?
29-11-2013, 07:34 AM
gorgie greens

Whets is Sergey,he kept us going for months n now d day and no where to be seen?
29-11-2013, 07:37 AM
lapsedhibee

Quote:

Originally Posted by gorgie greens

Whets is Sergey,he kept us going for months n now d day and no where to be seen?

He's over on the PM board sticking by his opinion that The Fat Lady hasn't cleared her throat yet, never mind begun to sing.
29-11-2013, 07:38 AM
jonty

Quote:

Originally Posted by gorgie greens

Whets is Sergey,he kept us going for months n now d day and no where to be seen?

bed?
29-11-2013, 07:47 AM
Glesgahibby

BDO saying 70 percent chance of UBIG abstaining after late night talks ?
Surely at this stage they would need that to be 100 percent ?
29-11-2013, 07:48 AM
Bill Milne

Quote:

Originally Posted by Steve20

If that's true, then Hearts look likely to avoid finishing bottom of the league. 12/1 Betvictor on Killie to finish bottom.

Why wouldn't they adopt the Hertz business model and lie in their teeth to avoid administration until it is too late for it to matter this season?
29-11-2013, 07:50 AM
#FromTheCapital

Quote:

Originally Posted by Glesgahibby

BDO saying 70 percent chance of UBIG abstaining after late night talks ?
Surely at this stage they would need that to be 100 percent ?

Does the CVA go through if UBIG abstain?
29-11-2013, 07:51 AM
Glesgahibby

Quote:

Originally Posted by #FromTheCapital

Does the CVA go through if UBIG abstain?

Sadly yes.
29-11-2013, 07:52 AM
HFC 0-7

Quote:

Originally Posted by Bill Milne

Why wouldn't they adopt the Hertz business model and lie in their teeth to avoid administration until it is too late for it to matter this season?

They may see this as the best season to go into admin with a team already a good few points behind them so that a points deduction wouldn't be as bad in terms of catching other teams.
29-11-2013, 07:53 AM
Prof. Shaggy

Quote:

Originally Posted by PapillonVert

Giving an asset away for nowt.

Quote:

Originally Posted by SmashinGlass

Gratuitous alienation is the scots law term for a transfer of property to another party at undervalue. It only really comes into play in the event of an insolvency

As I suspected.
29-11-2013, 07:53 AM
Winston Ingram

This sounds encouraging...

http://sport.stv.tv/football/250761-...dministration/
29-11-2013, 08:05 AM
green.and.white

So if the CVA is accepted (or rejected, or postponed) today, what time will anything be announced?
29-11-2013, 08:12 AM
Ronniekirk

Quote:

Originally Posted by HFCDaveA

They may see this as the best season to go into admin with a team already a good few points behind them so that a points deduction wouldn't be as bad in terms of catching other teams.

If this comes to fruition then the whole credibility of the new set up has to called into question The issue of financial viability and checking owners backgrounds to make sure they are fit and proper (although that's a tall Oder in the business world these days ) doesn't seem to be taken seriously Look at the on going debacle with Sevco and all the Board room machinations and Dave King seeking advice from within SFA allegedly before trying to muscle in If clubs find a way yp avoid liquidation but don't see fit and proper sanctions clearly and quickly imposed and seen through there will be legal wriggle room andFair Play is lot the Windae But where would forums be if there wasn't all this speculation
29-11-2013, 08:12 AM
greenginger

Quote:

Originally Posted by #FromTheCapital

Does the CVA go through if UBIG abstain?

The 75% of voting creditors would be passed without UBIG, however they require at least 50% of ALL shareholders to vote in favour.

But there is another loophole in the regs. If the creditors vote one way and the shareholders vote the other, the creditors vote takes precedent and the vote carries.

Hope the Liths have good legal advice and don't just rely on Jackson.
29-11-2013, 08:12 AM
SmashinGlass

Quote:

Originally Posted by Glesgahibby

Sadly yes.

I think that you're wrong on this one. An abstination will be counted as a no vote. If UBIG abstain and Ukio vote yes, it is academic. It will fail.