Share Transfers Agreed/Cooling off period

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25-01-2014, 12:08 PM
EK_Hibs

Quote:

Originally Posted by Filled Rolls

FACT? :hmmm:

Of course not.. but it's now at the stage where it's highly unlikely
25-01-2014, 12:15 PM
Aldo

Quote:

Originally Posted by EK_Hibs

Of course not.. but it's now at the stage where it's highly unlikely

I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.
25-01-2014, 12:17 PM
greenginger

Quote:

Originally Posted by CropleyWasGod

The guy quoted, David Rutherford, is a decent one. He knows what he's talking about when it comes to insolvency.

I am guessing, though, that he doesn't know about the assets being frozen.

The article does suggest that the building belongs to UBIG, but it is the EEN so I'm not sure.

According to the Land Registry property certificate recorded when the property was purchased , 14/12/07, the acquirers name was UAB Businessline.

That is the same company that bought the old Hearts ticket office and shop and rented it to the Yams.

It is described in the Hearts Accounts as being a company controlled by Romanov, but the ownership of the St Andrew Sq building could have been transferred since then.

I am sure the EEN will have done their research thoroughly ! :greengrin
25-01-2014, 12:18 PM
Saorsa

Quote:

Originally Posted by Aldo

I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.

Wasting your time mate. :agree:
25-01-2014, 12:20 PM
Aldo

Quote:

Originally Posted by Desperate Dan

Wasting your time mate. :agree:

Your probably right there dude. Worth a try tho. :-D
25-01-2014, 12:20 PM
CropleyWasGod

Quote:

Originally Posted by greenginger

According to the Land Registry property certificate recorded when the property was purchased , 14/12/07, the acquirers name was UAB Businessline.

That is the same company that bought the old Hearts ticket office and shop and rented it to the Yams.

It is described in the Hearts Accounts as being a company controlled by Romanov, but the ownership of the St Andrew Sq building could have been transferred since then.

I am sure the EEN will have done their research thoroughly ! :greengrin

Yup, I have the same comfort. :greengrin

Cheers for the info, though.
25-01-2014, 12:41 PM
CyberSauzee

Quote:

Originally Posted by hhibs

Sorry if covered before.

Under SPFL rules would Hearts be docked more points or suffer any other punishment if they are still in administration for next season?

Having a debate with a decent Jambo,yes a few exist, over here in the Sun and Wind of Fuerteventura.

GGTTH

Was covered a few pages back. If in admin on the first day of next season they will have a points deduction.
25-01-2014, 12:43 PM
The_Todd

Quote:

Originally Posted by hhibs

Sorry if covered before.

Under SPFL rules would Hearts be docked more points or suffer any other punishment if they are still in administration for next season?

Having a debate with a decent Jambo,yes a few exist, over here in the Sun and Wind of Fuerteventura.

GGTTH

Yes
25-01-2014, 12:49 PM
HUTCHYHIBBY

Quote:

Originally Posted by RoYO!

Ukio are going to accept 2.5 mil for the land. If ukio wanted the going rate then hertz wouldnt be able to raise that. then they go to liquidation. Id be interested to know the ins and outs of how they could still be liquidated at this point. In fact id be delighted to know :)

Would it be a ukio u turn having already accepted in principa?
Do ubig have ANY cards to play?

The fact that FOH cant attain THE FROZEN SHARES until the Lith Authorities put them in the microwave means that theres every chance FOH will run out of dough before the authorities in Lithuania finalise their inquiry into all the dodgy exploits of Vlad et al! Keep Calm!
25-01-2014, 01:16 PM
Phil D. Rolls

Quote:

Originally Posted by EK_Hibs

Of course not.. but it's now at the stage where it's highly unlikely

Sorry, I got mixed up when you said it will not happen - if it's only unlikely there's still hope for all of us seethers. I think there is a good chance they'll run out of money soon.
25-01-2014, 01:21 PM
HUTCHYHIBBY

Quote:

Originally Posted by Filled Rolls

Sorry, I got mixed up when you said it will not happen - if it's only unlikely there's still hope for all of us seethers. I think there is a good chance they'll run out of money soon.

If that were to happen I wonder if CWG could tell us where BDO would get their fee from?
25-01-2014, 01:24 PM
Onceinawhile

Quote:

Originally Posted by HUTCHYHIBBY

If that were to happen I wonder if CWG could tell us where BDO would get their fee from?

They are taking their fees from heart's surplus trading income at the moment. Of hearts were to get liquidated bdo would take their fee from any proceeds raised from the sale off of assets after liquidation.
25-01-2014, 01:26 PM
CropleyWasGod

Quote:

Originally Posted by Antwerphibs

They are taking their fees from heart's surplus trading income at the moment. Of hearts were to get liquidated bdo would take their fee from any proceeds raised from the sale off of assets after liquidation.

I think you're right about the first part.

On liquidation, though, they wouldn't be in office. It would be another firm.
25-01-2014, 01:30 PM
inglisavhibs

Quote:

Originally Posted by Aldo

I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.

He is on the wind up mate, trying to be subtle but not very convincing for me. Might just come back and bite him in the b-- one day!
25-01-2014, 01:32 PM
Aldo

Quote:

Originally Posted by inglisavhibs

He is on the wind up mate, trying to be subtle but not very convincing for me. Might just come back and bite him in the b-- one day!

I see. Think it already has. :-)
25-01-2014, 01:35 PM
Jack Hackett

Quote:

Originally Posted by CropleyWasGod

I think you're right about the first part.

On liquidation, though, they wouldn't be in office. It would be another firm.

Wouldn't BDO then be top of any creditors list though?
25-01-2014, 01:38 PM
CropleyWasGod

Quote:

Originally Posted by Jack Hackett

Wouldn't BDO then be top of any creditors list though?

TBH, I don't know. Robin will.....
25-01-2014, 01:41 PM
hibee_nation

Quote:

Originally Posted by Filled Rolls

Sorry, I got mixed up when you said it will not happen - if it's only unlikely there's still hope for all of us seethers. I think there is a good chance they'll run out of money soon.

Are we seethers now i much preferred frothers. :greengrin
25-01-2014, 01:41 PM
EK_Hibs

Quote:

Originally Posted by inglisavhibs

He is on the wind up mate, trying to be subtle but not very convincing for me. Might just come back and bite him in the b-- one day!

How on earth am I on the wind up?
25-01-2014, 01:44 PM
clerriehibs

Quote:

Originally Posted by EK_Hibs

How on earth am I on the wind up?

If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.
25-01-2014, 01:50 PM
Inch Hibs

Quote:

Originally Posted by clerriehibs

If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.

First rule of the "yams Financial Meltdown" thread - don't question the party line :agree:
25-01-2014, 01:57 PM
Ozyhibby

A lot of people saying that BDO will just get the begging bowl out if they run out of cash in March. That won't be as easy to do if they have to admit, as they would, that the first £400k that is raised is would be to cover BDO's fees over the summer.
25-01-2014, 01:59 PM
Inch Hibs

Quote:

Originally Posted by Ozyhibby

A lot of people saying that BDO will just get the begging bowl out if they run out of cash in March. That won't be as easy to do if they have to admit, as they would, that the first £400k that is raised is would be to cover BDO's fees over the summer.

BDO is on a fixed price fee.
25-01-2014, 02:01 PM
hibs0666

No it is not, that is a yam fantasy.

Sent from my HTC One using Tapatalk
25-01-2014, 02:02 PM
hibs0666

Quote:

Originally Posted by Inch Hibs

BDO is on a fixed price fee.

No it is not that is yam fantasy.

Sent from my HTC One using Tapatalk
25-01-2014, 02:02 PM
WindyMiller

Quote:

Originally Posted by Inch Hibs

BDO is on a fixed price fee.

No they're not,now.
25-01-2014, 02:03 PM
Mikey

Quote:

Originally Posted by Inch Hibs

BDO is on a fixed price fee.

No they're not.

Seeing as you're back, why not pay attention this time :wink:
25-01-2014, 02:04 PM
EK_Hibs

Quote:

Originally Posted by clerriehibs

If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.

I see
25-01-2014, 02:05 PM
Ozyhibby

Quote:

Originally Posted by Inch Hibs

BDO is on a fixed price fee.

They are absolutely not on a fixed fee. Where have you read that? Do you have a link?
25-01-2014, 02:05 PM
Mikey

Quote:

Originally Posted by clerriehibs

If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.

Quote:

Originally Posted by Inch Hibs

First rule of the "yams Financial Meltdown" thread - don't question the party line :agree:

Och, ye wee lambs.

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