Share Transfers Agreed/Cooling off period

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Originally Posted by Sergey

Is there a collective noun for cretins?

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A gorgie.

Out in town. Was enjoying my cigarette until some hearts **** started waving 5-1 with his fingers in my puss.

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Originally Posted by Lewis-1875

Out in town. Was enjoying my cigarette until some hearts **** started waving 5-1 with his fingers in my puss.

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Text message maybe??

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Originally Posted by Sergey

Is there a collective noun for cretins?

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Cretin, wind your neck back in. I don't know you, all I have to go on are your posts on here. From what I've read over the years your record when it comes to predicting the demise of Hearts is patchy at best, you cried wolf one too many times for me in regards to when they would go into administration, hence my skepticism.

No one has has stuck the boot in, merely a couple of people who don't know you saying they take your source with a pinch of salt, nothing more, and not an entirely ridiculous assertion.

Lets not get all AVB over any "criticism" of a poster on an internet messageboard.

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Originally Posted by Mellow Hibee

So even if they don't go into liquidation, they have spent taxpayers and other creditors money for success on the park and aren't going to pay it back. Lets see what the kickback Jambos think of that....

Colinmaroon
SPL, "The whole basis of a financial fair play set of rules is to ensure that if there is a sporting advantage that has been obtained, you can address that through some sort of sporting sanction."

You mean like buying success with the Taxpayers money?
All these trophies bought with money stolen from the taxpayer!

The Gasman
There is no way that the ConDem government, or the Treasury, should allow HMRC to settle for pennies in the pound when services, pensions, and benefits are being cut left, right, & centre.

OldCastlerock2012
Basically all of the many creditors currently not getting paid - including public bodies, i.e. taxpayers, and fellow football clubs - are subsidising the continuation of their club. They should be immediately liquidated and told to get themselves out of the mess they got themselves into, with a newco forced to start at the bottom of the Scottish football pyramid.

Radge21
I hope Alex Salmond was trying to get our tax money back and nothing else.
I am astonished our first minister has got involved.
Political parties backing football clubs in this country is dangerous.

So many people owed money and they have no intention of giving them it back.

K1874M
What I don't get is why were we and other clubs giving them 'tick'. Even the council ffs, everyone knew they were screwed financially.

And my personal favourite..

Dexter
How many of those creditors may face financial hardship should these welts squirm into a CVA ?
It's disgusting.
I HATE them more than any other football club in the world.
Disgusting.

Oh no wait, that was what they thought of Rangers in the run up to a potential debt shedding, creditor screwing CVA. There are thousands more as well in the rangers thread talking about creditors getting cheated, tainted trophies, hospitals not built, etc. So among the (possibly premature) celebrations going on over there, I suspect that there is a little shame deep down.

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Belting. A classic snapshot of human hypocrisy.

Concerned that these guys may have made their comments a while ago, or were unrepresentative samples:

Average number of Posts : 9000 (1000 -23000 range)
Active in Kickback as of today: 5/6

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Originally Posted by RoYO!

Can someone correct me if im wrong...
Its ukio who have the deeds to tynie so thats why they are being offered the 2.5mil.
Ubig hold no securities so hertz offer them zero. So they can either accept that.. or hold out for.... nothing. Is that right?

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Hearts have the deeds to the PBS. UKIO have the security. So they get the money on offer.

UBIG will get nothing if there is liquidation. They may get something for their shares if the CVA goes through.

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Originally Posted by CropleyWasGod

They may get something for their shares if the CVA goes through.

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Or, to put it another way, the CVA may go through if they get something for their shares.

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Originally Posted by lapsedhibee

Or, to put it another way, the CVA may go through if they get something for their shares.

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:agree:

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Originally Posted by Coco Bryce

Text message maybe??

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No, just thought I'd share my hatred.

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Originally Posted by einstein

Yes it has :flag:

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link ?

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Originally Posted by CropleyWasGod

Hearts have the deeds to the PBS. UKIO have the security. So they get the money on offer.

UBIG will get nothing if there is liquidation. They may get something for their shares if the CVA goes through.

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so how much of their debt have they written off with this cva

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Originally Posted by leggeto

so how much of their debt have they written off with this cva

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If it goes through, about £27m.

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Originally Posted by CropleyWasGod

If it goes through, about £27m.

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2.5m for 27m and all the humpings they've dished out to us,think they maybe got a good deal there,have thought all along after falling into the barrel of sh@ite they will be smelling of roses after all

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Originally Posted by CropleyWasGod

If it goes through, about £27m.

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So about £8 for every man, woman and child in Lithuania, + £3 million to pay their taxes and other creditors. Well played Hearts :******:

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Originally Posted by rcarter1

So about £8 for every man, woman and child in Lithuania, + £3 million to pay their taxes and other creditors. Well played Hearts :******:

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And thats not counting the debt for equity and forgiveness debt scams which added another £ 20 odd million which the Lithuanian people will end up paying for.

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Originally Posted by greenginger

And thats not counting the debt for equity and forgiveness debt scams which added another £ 20 odd million which the Lithuanian people will end up paying for.

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This is something else which the msm fail to mention when talking about hertz debts. The old Derren Brown sleight of hand....now you see it, now you don't. Wasn't the debt traded into the worthless shares which are now being held by UBIG? The same shares FoH now want returned to their ownership for nothing. Almost makes me believe that they DID owe it to themselves. They're certainly getting rid of it for f*** all

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Originally Posted by Jack Hackett

This is something else which the msm fail to mention when talking about hertz debts. The old Derren Brown sleight of hand....now you see it, now you don't. Wasn't the debt traded into the worthless shares which are now being held by UBIG? The same shares FoH now want returned to their ownership for nothing. Almost makes me believe that they DID owe it to themselves. They're certainly getting rid of it for f*** all

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Indeed. And while the rest of Scottish football closes it`s eyes and takes little interest in this, the scam that the Gorgie rats have perpetrated is on a far worse scale than the one Rangers did. DeadCo robbed Hector and cheated Scottish football. Hearts robbed Hector, cheated Scottish football, robbed a number of charities and scammed a nation out of it`s savings.

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Originally Posted by SurferRosa

Indeed. And while the rest of Scottish football closes it`s eyes and takes little interest in this, the scam that the Gorgie rats have perpetrated is on a far worse scale than the one Rangers did. DeadCo robbed Hector and cheated Scottish football. Hearts robbed Hector, cheated Scottish football, robbed a number of charities and scammed a nation out of it`s savings.

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this :agree:

I can't say I'm too bothered about this mob any more.

It feels good waking up knowing that I amn't a fraud and that everything I have achieved I have done so without cheating.

I almost pity them as no matter what they do from now on, this CVA will always cast a shadow on their club.

Bob Jamieson seems like a good guy though

http://www.scotsman.com/sport/footba...main-1-3215406

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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Originally Posted by Lewis-1875

Out in town. Was enjoying my cigarette until some hearts **** started waving 5-1 with his fingers in my puss.

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Stub your cigarette out on them next time.

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Originally Posted by peter douglas

I can't say I'm too bothered about this mob any more.

It feels good waking up knowing that I amn't a fraud and that everything I have achieved I have done so without cheating.

I almost pity them as no matter what they do from now on, this CVA will always cast a shadow on their club.

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It certainly will.

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Originally Posted by keekaboo

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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What idiots are going to buy shares in a white elephant just to make life difficult for FoH? This guy Jamieson is by all accounts a bit of an idiotic Walter Mitty character.

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Originally Posted by Jim44

What idiots are going to buy shares in a white elephant just to make life difficult for FoH? This guy Jamieson is by all accounts a bit of an idiotic Walter Mitty character.

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I'd be up for organising a hibs.net kitty and buying the shares... Then plunging them into liquidation :cb

If I'm reading this thread correctly the Save Hearts In Trouble offer is £2.5m.

Of that money, the first chunk will go on paying BDO for their hard work in saving the Yams. The balance will then be split between UKIO in exchange for the security over the PBS and a small amount to UBIG for their shares?

But doesn't that mean that UBIG will be getting a preference over the other shareholders and creditors if they receive something? Is that preference legal? And what value can their shares have, now that the votes have taken place?

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Originally Posted by CropleyWasGod

If it goes through, about £27m.

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Does the £27m include the debt for equity swaps/debt write off, inter co transactions?

As well as the UBIG shareholding is the quantum holdings shareholding significant at all?

There appears to be a belated outburst of honesty emanating from BDO & F of H.
1. BDO have basically stated that Shoeless Bob is trying to buy the shares, if he does then hello liquidation!
I love BJ's comment though " we have prior knowledge & experience though that they ( the Liths ) don't have yet". Yep, like PBS on its own is worth a lot more than the £1.5/£2.0m that UKio will get.
2. Meanwhile Ian Murray is hit by contrition & for the first time mentions businesses & HMRC losing out because of Yams actions.
Now here's a perverse thought. I think given that UBIG stands for Ukio Bankas Investment Group there's a fair chance that UKIO & UBIG, may, contrary to BDO's assertions be one & the same, right now effectively the Lithuanian government. What's to stop UBIG demanding several millions for their shares, probably even £1m would scupper the deal. Liquidation follows, UKIO gets a hold of PBS after all. UKIO tell Yams we tried our best, its these pesky guys at UBIG that did it. Result - happiness!!
PS, I think some people owe Sergey an apology. Its now clear they originally intended to vote against the CVA & were persuaded to abstain by BJ. They may also have realised they now have sole leverage with the shares. This will run & run!

Maybe BDO have a PM account on here and Sergeys info was the catalyst for the negotiations to start last week.

Sent from my SCH-I535 using Tapatalk

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Originally Posted by keekaboo

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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As you're probably aware by now it appears Shoeless Bob has done exactly that. The value of anything however is what another party is prepared to pay to get it. In this case UBIG's shares are worth whatever Bob J has offered or whatever F of H may raise Bob's bid by. I suspect UBIG could probably squeeze about £0.5m out of F of H. If Bob's bid is in excess of that & he can deliver guarantees then as you say UBIG really have to accept that deal. Perversely, Bob's fantasy re owning Yams may be a more sustainable business model than F of H!

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Originally Posted by brog

As you're probably aware by now it appears Shoeless Bob has done exactly that. The value of anything however is what another party is prepared to pay to get it. In this case UBIG's shares are worth whatever Bob J has offered or whatever F of H may raise Bob's bid by. I suspect UBIG could probably squeeze about £0.5m out of F of H. If Bob's bid is in excess of that & he can deliver guarantees then as you say UBIG really have to accept that deal. Perversely, Bob's fantasy re owning Yams may be a more sustainable business model than F of H!

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Yep, read that just after I posted.

I still don't trust him, though, so I still think we'de be better trying to get the money together ourselves http://www.hibs.net/images/smilies/greengrin2.gif

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Originally Posted by #FromTheCapital

I'd be up for organising a hibs.net kitty and buying the shares... Then plunging them into liquidation :cb

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I'll donate :greengrin