Share Transfers Agreed/Cooling off period

He was rumoured to be in hospital in Russia last week. MSM on the ball again.

This thread could turn into a moral minefield........remember, softly, softly, catchy monkey......

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Originally Posted by bingo70

I've not got a problem making light of it as ultimately I think he's a pretty brutal person himself and has conned a lot of poor people out of a lot of money (I'm not talking about hearts fans here), he's also not died and as he was discharged last week I'm guessing it wasn't a serious stroke he's had.

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:agree:

As far as I can see nobody's really said anything that's out of order and it doesn't appear to be that serious if he's been discharged already.
The man is as bent and crooked as they come and has made an absolute fortune out of lying and cheating his way through life and screwing a lot of people out of money. Why should anyone have any sympathy for him?

I'm no the most PC person in the world but find it pretty tasteless to laugh if these rumours are true. He's off his rocker but hasn't wished anything like that on any of us.

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Originally Posted by hibee_nation

:faf: quite right we are better than that :faf::faf: no honestly we are :faf::tee hee::smug::hug:

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What's funny about someone having a stroke?

Please share the joke. :confused:

I dont believe for one minute he's had a stroke, he's lied through his teeth for years, this in my opinion is another. **** him.

It will hopefully turn out to be a stroke of good luck for all Hibees when he took over at Tiny.

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Originally Posted by WestStandLoyal

:rolleyes: There are things more important than football lads, lets all have a laugh at Hearts' misfortune but Vlad's no Mercer, he's never tried to kill us, he's Hearts' owner, aye, he's a bit wacky but he's done nothing to us.

If the Hearts fans were taking the piss out of Petrie or Farmer having similar then we'd all be spewing with rage.

Perspective eh lads?

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:top marksCouldn't agree more. He might be a lunatic but I personally would never have a joke and a laugh about someone having a stroke.


Hibs class.........

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Originally Posted by hibee_nation

:faf: quite right we are better than that :faf::faf: no honestly we are :faf::tee hee::smug::hug:

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Hilarious.

Call me suspicious but I would be well and truly gobsmakced if he really has had a stroke.

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Originally Posted by greenlex

Call me suspicious but I would be well and truly gobsmakced if he really has had a stroke.

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Me too, unfortunately. It happens; Peter Tobin is one for pretendy serious illness as well.

Quote:

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Originally Posted by lyonhibs

Wait, are we making light of the fact that Mad Vlad has - seemingly - had a stroke??

Pass the needle and thread, my sides are splitting :rolleyes:

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how many Lithuanian steel workers & their families have had strokes, heart attacks & various other illness's due to this mans actions? :violin:

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Originally Posted by H1bs6H3arts2 FC

how many Lithuanian steel workers & their families have had strokes, heart attacks & various other illness's due to this mans actions? :violin:

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:agree:

Quote:

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Originally Posted by WestStandLoyal

:rolleyes: There are things more important than football lads, lets all have a laugh at Hearts' misfortune but Vlad's no Mercer, he's never tried to kill us, he's Hearts' owner, aye, he's a bit wacky but he's done nothing to us.

If the Hearts fans were taking the piss out of Petrie or Farmer having similar then we'd all be spewing with rage.

Perspective eh lads?

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Perspective indeed Agent Romanov has single handedly done them much more damage off the pitch than any of us ever could, and certainly more than whalearse ever achieved in his efforts to wipe us out. I am sure he is trying to dodge the authorities but he is more to be pitied than scorned!

no tears in my house.

Get well soon Mr Romanov ....

http://www.dailyrecord.co.uk/sport/f...-owner-1877049

Surely we're better than taking the piss.

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Originally Posted by greenlex

Call me suspicious but I would be well and truly gobsmakced if he really has had a stroke.

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This.

Quote:

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Originally Posted by Green Blood

http://www.dailyrecord.co.uk/sport/f...-owner-1877049

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Off topic - but in the photo that accompanies the DR story, the man walking behind Romanov is an old family friend of mine, Pilmar Smith who ran a bookmaking business out of Balerno.

Does anyone know if he's still alive, and if so, is still involved with Hearts?

The last I heard he was head of Lothian Buses.

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Originally Posted by Sergey

Off topic - but in the photo that accompanies the DR story, the man walking behind Romanov is an old family friend of mine, Pilmar Smith who ran a bookmaking business out of Balerno.

Does anyone know if he's still alive, and if so, is still involved with Hearts?

The last I heard he was head of Lothian Buses.

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I'm pretty sure he is still alive, I read a story not that long ago that he was stepping down from his role at Lothian buses due to some sort of dispute with other board members

I read the Heart attack / stroke story - as just simply = I Think its Time to be Doing a Runner.. :greengrin

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Originally Posted by lord bunberry

I'm pretty sure he is still alive, I read a story not that long ago that he was stepping down from his role at Lothian buses due to some sort of dispute with other board members

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Thanks, LB. Good to hear.

My grandfather passed away a few years ago and I was expecting to see him at his funeral but he didn't show. I'm sure he would have attended had he known.

Pilmar is a lovely man and I've many fond memories of him and he was an exceptional host. A Hearts man through-and-through which dispels the theory that they're all bad.

had a stroke my big hairy arse, he's a con man on the run. typical jambo, steal, cheat, lie and run

Quote:

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Originally Posted by Sergey

Off topic - but in the photo that accompanies the DR story, the man walking behind Romanov is an old family friend of mine, Pilmar Smith who ran a bookmaking business out of Balerno.

Does anyone know if he's still alive, and if so, is still involved with Hearts?

The last I heard he was head of Lothian Buses.

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He is a member at Archerfield and plays a few times a week. (well at least did last year)

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Originally Posted by bighairyfaeleith

had a stroke my big hairy arse, he's a con man on the run. typical jambo, steal, cheat, lie and run

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Seems a bit too convenient

I'd put odds on he's pulling a stroke

Nothing could convince me that he is unwell. It seems pretty clear to me that it is another Vad scam.

Does anyone remember Ernest Saunders and his remarkable recovery from dementia ?

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Originally Posted by bighairyfaeleith

had a stroke my big hairy arse, he's a con man on the run. typical jambo, steal, cheat, lie and run

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his next stroke will be to leave a pile o' his auld claithes on a Croatian beach, wi' his wallet in the back pocket and 10 Litia in it along wi a hearts loyalty ticket

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Originally Posted by Seveno

Nothing could convince me that he is unwell. It seems pretty clear to me that it is another Vlad scam.

Does anyone remember Ernest Saunders and his remarkable recovery from dementia ?

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Aye the only person ever to make a complete recovery from Alzheimer's disease after being released from jail.

Also Ken Dodd got off a tax fraud case in 1989 partially due to medical reports that he would be lucky to stay alive through the trial. He made an amazing recovery and emmbarked on a nine month run at the London Palladium. He is still going strong 24 ears later at the age of 85.

I thought Ken Dodd died.Diddy?

So Vlad has delivered a dodgy Doctor's line. Only panel for him has the words 'Lithuanian' and 'Judiciary' on front of it.

Meanwhile....

....in the background....

....dominos silently tumble on.....

......Monday beckons.....

.........tick.........


..........tock..........

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Originally Posted by Vini1875

Personally I think it would be a good thing to have them in the SPL living within their means or cost cutting like the rest of us. I would like to see them getting humped and relegated by football means rather than through lawyers and financial mismanagement.

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Totally agree with this but if they are found guilty of financial doping then there is little chance of it happening.

So, Vlad has had a minor stroke and Rix was stroking a minor, who'd have thought it?!! :confused:

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Originally Posted by monktonharp

I thought Ken Dodd died.Diddy?

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No, Doddy.

The old ones are the best mate.

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Originally Posted by scoopyboy

No, Doddy.

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Doddy died?

Who's going to take over his role?

Joe Harper and LUFC won't just hate themselves.

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Originally Posted by Sergey

Thanks, LB. Good to hear.

My grandfather passed away a few years ago and I was expecting to see him at his funeral but he didn't show. I'm sure he would have attended had he known.

Pilmar is a lovely man and I've many fond memories of him and he was an exceptional host. A Hearts man through-and-through which dispels the theory that they're all bad.

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Hey Sergey,

Pilmar is alive and kicking in North Berwick. A very good friend of mine frequently seeks him out for reassurance re the Hearts latest situation! If you like I could arrange for a re-union!

Cheers,

GGTTH.

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Originally Posted by Sergey

Thanks, LB. Good to hear.

My grandfather passed away a few years ago and I was expecting to see him at his funeral but he didn't show. I'm sure he would have attended had he known.

Pilmar is a lovely man and I've many fond memories of him and he was an exceptional host. A Hearts man through-and-through which dispels the theory that they're all bad.

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Really? :confused:

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Originally Posted by The FTB

Had the ego got out of control during the summer when he launched the bid for Hibs?

"The situation was this.

I was approached by three Hibs shareholders one night in Cosmo's restaurant in Edinburgh.

These were people with lots of money and they told me that they had been offered David Rowland's share stake.

They told me that I'd done a cracking job at Hearts and although they were not particularly keen to take me on they asked me if I had ever thought of putting my club with their club and seeing what could be created.

These were Hibs shareholders and wealthy men in their own right.

"I came home and said to Ann 'You'll never believe the daft idea that was put to me'.

The next day I took my vice-chairman Pilmar Smith out for lunch and told him what they had said.

He said it was a brilliant idea.

I said you must be joking.

I didn't think he was the full shilling.

so I got my wife to ring him next morning.

but Pilmar still thought it was a good idea.

So that's what got us thinking about it.

Then we sat down and looked at it, and it made a lot of sense.

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:bitchy:

Never trust a bookie.....:aok:

We're not the only ones suspicious about this, the Lithuanian authorities are reported to be dissatisfied with the medical certificate and have requested more evidence.

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Originally Posted by keekaboo

We're not the only ones suspicious about this, the Lithuanian authorities are reported to be dissatisfied with the medical certificate and have requested more evidence.

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Vlad Flu has run its course. We now have Vlad Stroke.:greengrin

Quote:

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Originally Posted by keekaboo

We're not the only ones suspicious about this, the Lithuanian authorities are reported to be dissatisfied with the medical certificate and have requested more evidence.

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I just can't understand why anyone would question the legitimacy of Mad Vlad's claims? What with him being such a well respected international businessman. He owns the biggest football club in the world (or so he's convinced some 400.000 idiots in Wongadomeland) surely he would never resort to telling porkies to save his own arse?

Me thinks the game is up!!

Tick tock! :lolyam:

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Originally Posted by JeMeSouviens

Really? :confused:

:bitchy:

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Not here to defend Pilmar Smith but quoting Wallet Mercenary is a bit much. If he was alive and told me tomorrow is Friday I would check the calendar.

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Originally Posted by Sergey

Thanks, LB. Good to hear.

My grandfather passed away a few years ago and I was expecting to see him at his funeral but he didn't show. I'm sure he would have attended had he known.

Pilmar is a lovely man and I've many fond memories of him and he was an exceptional host. A Hearts man through-and-through which dispels the theory that they're all bad.

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G, you're right he's a top man. He came to my Dad's funeral. 18 months ago & joined in singing of GGTTH!

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Originally Posted by Treadstone

Not here to defend Pilmar Smith but quoting Wallet Mercenary is a bit much. If he was alive and told me tomorrow is Friday I would check the calendar.

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Fair point, but best case you can say about Smith is he was vice chairman of Hearts and stood by and did nothing while they tried to kill us. Much more likely is that he was in on the sorry business up to his neck.

Still no accounts published/delivered yet...have they really done them or is it just another beLIEve?

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Originally Posted by JeMeSouviens

Fair point, but best case you can say about Smith is he was vice chairman of Hearts and stood by and did nothing while they tried to kill us. Much more likely is that he was in on the sorry business up to his neck.

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Likely knew before vast majority, but 'Wallets' revisionist recollections are absurd.

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They told me that I'd done a cracking job at Hearts and although they were not particularly keen to take me on they asked me if I had ever thought of putting my club with their club and seeing what could be created.

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Doubt PS could have done anything to dissuade that size of ego. Do respect your point though, anyone with a Hibs persuasion in the summer of 1990 knew how tough a time it was.:aok:

Interesting digressions chaps, but let's get back on track.

Is Vlad really sick, (if so I'm genuinely sorry) or just faking it and hiding out in Moscow? What evidence have the Lith authorities asked for?

Is his hiding out from Lith inquiries a good or bad thing for Hearts? Gut says good in short term as it may help them to get to the end of the season without admin, bad thing in the long run, as it doesn't give any newby's much time to sort the mess out and reconstitute to play at any level next season. Or am I way off the mark here?

What are immediate threats to Hearts in terms of Dundee insisting on this points deduction, and opportunities for them to weasel out till the end of the season?

While I'm enjoying them being on the end of those razor-sharp punishing jabs, and watching them tear open slowly (and bleed maroon of course), the odd devastating body shot that jackknives them to the canvass, or a savage right hook, left, right hook, left hook combo, pummeling them on the ropes, would also be highly acceptable fare. Make it so Lith admins/government/HMRC/Dundee/spineless SPL, make it so.

I think the Lithuanian authorities are asking for more proof of his condition than a letter from his mum.

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Originally Posted by Hibby Kay-Yay

Still no accounts published/delivered yet...have they really done them or is it just another beLIEve?

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This is the part I cant understand - If as they claim they are self sufficient and made cutbacks why not publish accounts.

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Originally Posted by steviehibsleith

This is the part I cant understand - If as they claim they are self sufficient and made cutbacks why not publish accounts.

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Indeed. The Plummets could simply publish the accounts on the back of the share certificates and save time and money?

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Originally Posted by steviehibsleith

This is the part I cant understand - If as they claim they are self sufficient and made cutbacks why not publish accounts.

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Because no auditor in their right mind would sign off the accounts to confirm that Hearts were a going concern for the next 12 months.

This stuff published on the website is all smoke and mirrors. They are trying to hang on until the end of the season and avoid an 18 point deduction (and inevitable relegation).

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Originally Posted by Geo_1875

I think the Lithuanian authorities are asking for more proof of his condition than a letter from his mum.

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Easy to forge a letter from your mum. I used to do it all the time.

http://translate.google.co.uk/transl...en-US:official

Good to see the Ukio Bankas bankruptcy procedures progressing full speed ahead despite there being a couple of days left in the appeal window.

The statement makes all the right noises about the Bankruptcy Trustees seeking to ensure maximum return for the Bank's creditors.

Funnily enough no mention is made of any special deals to protect Edinburgh Institutions. :greengrin

* Its the statement of the 7th I am referring to.

Quote:

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Originally Posted by greenginger

http://translate.google.co.uk/transl...en-US:official

Good to see the Ukio Bankas bankruptcy procedures progressing full speed ahead despite there being a couple of days left in the appeal window.

The statement makes all the right noises about the Bankruptcy Trustees seeking to ensure maximum return for the Bank's creditors.

Funnily enough no mention is made of any special deals to protect Edinburgh Institutions. :greengrin

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That was because of the opening of parliament, now thats done Cameron can start the ball rolling internationally.:wink:

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Originally Posted by Dashing Bob S

Easy to forge a letter from your mum. I used to do it all the time.

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Me too,my teacher used to say my mum wrote like an eight year old

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Originally Posted by Hibbyspy

Indeed. The Plummets could simply publish the accounts on the back of the share certificates and save time and money?

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The Plummets

Brilliant

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Originally Posted by Springbank

The Plummets

Brilliant

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Works on so many levels.

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Originally Posted by Treadstone

Works on so many levels.

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All descending.

Vlad - the new Ronnie Biggs

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Originally Posted by greenginger

http://translate.google.co.uk/transl...en-US:official

Good to see the Ukio Bankas bankruptcy procedures progressing full speed ahead despite there being a couple of days left in the appeal window.

The statement makes all the right noises about the Bankruptcy Trustees seeking to ensure maximum return for the Bank's creditors.

Funnily enough no mention is made of any special deals to protect Edinburgh Institutions. :greengrin

* Its the statement of the 7th I am referring to.

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looks all very complex, to say the least but my pick up on the stuff you've pointed out is: that the admin, is directed by the court to investigate all transactions made by the bank for "at least" 3 years. is that not similar to what would happen in this country? .quite a few of those transactions are bound to expose some of the dirty dealings between the 3 parties we all so interested in.

Still no sign of anyone receiving their Accounts over in Yam Land.

Slight stirrings of unrest with a new thread on Kickback ( Only 10 posts ) wondering how they could not have been delivered to any shareholder.

Conclusion seems to be " they will arrive when they arrive " . Allisbarry ! :greengrin

Quote:

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Originally Posted by greenginger

Still no sign of anyone receiving their Accounts over in Yam Land.

Slight stirrings of unrest with a new thread on Kickback ( Only 10 posts ) wondering how they could not have been delivered to any shareholder.

Conclusion seems to be " they will arrive when they arrive " . Allisbarry ! :greengrin

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:faf:

#They'llArriveWhenTheyArrive

#allisbarry

http://i43.tinypic.com/25gq8ft.jpg

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Originally Posted by #FromTheCapital

:faf:

#They'llArriveWhenTheyArrive

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:faf:

Just received an email from Ian Murray MP on behalf of Foundation of Hearts to thank me for my pledge and also to say they intend to start converting pledges to payments next month. Also begging me to spread the word to other jambos.

Time to stick that custard pie in the oven :greengrin

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Originally Posted by #FromTheCapital

Just received an email from Ian Murray MP on behalf of Foundation of Hearts to thank me for my pledge and also to say they intend to start converting pledges to payments next month. Also begging me to spread the word to other jambos.

Time to stick that custard pie in the oven :greengrin

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Really?

There's a pothole in our street that that **** should be dealing with first.

Quote:

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Originally Posted by #FromTheCapital

Just received an email from Ian Murray MP on behalf of Foundation of Hearts to thank me for my pledge and also to say they intend to start converting pledges to payments next month. Also begging me to spread the word to other jambos.

Time to stick that custard pie in the oven :greengrin

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Sounds like it could be time for the Benny Hill theme tune!!!

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Originally Posted by Mikey

Really?

There's a pothole in our street that that **** should be dealing with first.

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My mate went to see Ian Murray MP about something pretty important a while ago and was told that said MP was "snowed under with important business." :rolleyes:

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Originally Posted by makaveli_619

My mate went to see Ian Murray MP about something pretty important a while ago and was told that said MP was "snowed under with important business." :rolleyes:

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The encouraging thing is that so many Hibs fans have received that e-mail. Between Hibs fans on the wind up, and Hearts fans who won't stump up when it comes to actually sticking their hand in their pocket, they have no idea how much they can raise through pledges.

Quote:

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Originally Posted by Mikey

The encouraging thing is that so many Hibs fans have received that e-mail. Between Hibs fans on the wind up, and Hearts fans who won't stump up when it comes to actually sticking their hand in their pocket, they have no idea how much they can raise through pledges.

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I think, when it comes to Hearts, a promise of money is as good as the real thing. Just wait until they head over to Lithuania with £6, a bag of sweets and 3000 £70 pledges from A. Kidd.

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Originally Posted by Mikey

Really?

There's a pothole in our street that that **** should be dealing with first.

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Thats cooncil business Mikey. He a big nob now.

Quote:

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Originally Posted by Mikey

The encouraging thing is that so many Hibs fans have received that e-mail. Between Hibs fans on the wind up, and Hearts fans who won't stump up when it comes to actually sticking their hand in their pocket, they have no idea how much they can raise through pledges.

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:grr: Where's my email? Richard Head's money is as good as the next Yams, especialy when it comes to collecting it.

I'm expecting half a dozen e-mails and I havenae had one yet. :grr:



:greengrin

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Originally Posted by Desperate Dan

I'm expecting half a dozen e-mails and I havenae had one yet. :grr:



:greengrin

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Likewise, maybe one of my each way choices will come good, canne even remember what names I used.

1. What A Fool Believes - The Doobie Brothers - all Jambos
2. World shut Your Mouth - Julian Cope - Fedetovas
3. Eve of Destruction - Barry McGuire - Lithuanian Administrators
4. Embarrassment - Madness - HMFC
5. Say Hello Wave Goodbye - Soft Cell - Please
6. Panic - The Smiths - The Orwell Lodge and other Yam watering holes
7. Mysterious Times - Sash - Where's the money gone?
8. The Question is What is the Question - Scooter - Do you know?
9. Time to Say Goodbye - Andrea Bocelli - Please hurry
10. Cap in Hand - The Proclaimers - What the Yams will be soon.

I'm sure everyone has their own top 10. Go on guys and gals have some fun:greengrin

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Originally Posted by HH_MYB

I think, when it comes to Hearts, a promise of money is as good as the real thing. Just wait until they head over to Lithuania with £6, a bag of sweets and 3000 £70 pledges from A. Kidd.

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A bag of sweets!
Current and former staff could help them with that!

Nae email for Hugh G Dick either :grr: suppose it would help if I'd access to the email I gave though :greengrin

Quote:

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Originally Posted by HH_MYB

I think, when it comes to Hearts, a promise of money is as good as the real thing. Just wait until they head over to Lithuania with £6, a bag of sweets and 3000 £70 pledges from A. Kidd.

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Good one, the irony is just too much. Mr White and Mr Green put Rangers out of business and then A. Kidd turns his attention to Heart of Midlothian to break their hearts. A lot of kids lost out on Christmas last year and are still awaiting their wall poster / certificate to remind them of that fact. They better hurry up at the printing press because the 10 days appeal period is nearly up. Goodness knows where Ubig parent club are going to find the money to stave off administration and a potential points deduction for their Scottish subsidiary or what should be called their subsidy. Sunday is derby day, it could be Hearts last chance to try and beat us for a while. :flag:

No More Heroes - The Stanglers
Panic! - The Smiths
Wind of Change - Scorpions
Vladimir's Ga Ga - Queen
Suspicious Minds - Elvis
If you don't know me by now - Simply Red
I promised you a Miracle - Simple Minds
sheriff vladman - Carter USM
You're unbelievable - EMF

Quote:

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Originally Posted by Bostonhibby

Likewise, maybe one of my each way choices will come good, canne even remember what names I used.

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Another 2 pledges made, surely I'll get an e-mail now. :greengrin

#allisbarry they are here ! ...... Not really actually

I love a hibee top ten pop songs #allveryHiFi

I'd vote:
Ship of fools - erasure
Liths will tear us apart, again - nae joy division (aka div 3)
Your cheating heart will tell on you - big O
Kiddie fiddler on the roof - topol feat. Rix/Thomson

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Originally Posted by Max

A bag of sweets!
Current and former staff could help them with that!

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Did the bag of sweets come from a Mr C Calderwood..?

Quote:

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Originally Posted by Iain G

Did the bag of sweets come from a Mr C Calderwood..?

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Nope....they have their own kind that can supply the sweets, but for far more sinister reasons........!!

Quote:

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Originally Posted by Desperate Dan

Another 2 pledges made, surely I'll get an e-mail now. :greengrin

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Such generosity, can only hope they have the decency to write, especially the MP. I imagine all of his non yam constituents must be delighted to see where his time is going and that he has not put his own interests first.:greengrin

Haven't got that all important winning email yet, but suppose one really has to stick at it, you've got to be in it to win it.

Mind they were filtering out all the obvious Hibs pledges. If you want the email you'll need to be less obvious...

Quote:

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Originally Posted by Bostonhibby

Such generosity, can only hope they have the decency to write, especially the MP. I imagine all of his non yam constituents must be delighted to see where his time is going and that he has not put his own interests first.:greengrin

Haven't got that all important winning email yet, but suppose one really has to stick at it, you've got to be in it to win it.

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:agree: It's free so folk can have as many shots as they want :greengrin

Quote:

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Originally Posted by Danderhall Hibs

Mind they were filtering out all the obvious Hibs pledges. If you want the email you'll need to be less obvious...

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I dinnae really want the emails, I'm just having a joke about it :greengrin I used sensible made up names and email addys so I doubt they'd be filtered out but obviously I have nae access tae where if anything is being sent.

The accounts have arrived today

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Originally Posted by makaveli_619

My mate went to see Ian Murray MP about something pretty important a while ago and was told that said MP was "snowed under with important business." :rolleyes:

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If the issue is still around, go back. If he still gets the "he's too busy" line he should challenge him/his office about it.

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Originally Posted by Hibby Kay-Yay

The accounts have arrived today

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Did you have to pay for the postage

Quote:

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Originally Posted by Hibby Kay-Yay

The accounts have arrived today

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who are the auditors ?

Quote:

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Originally Posted by greenginger

who are the auditors ?

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check the other board, it might appear there :wink:

Quote:

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Originally Posted by greenginger

who are the auditors ?

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Still Johnston Carmichael, and it's an unqualified report. Emphasis of matter says they are only a going concern if they can get enough money in and they've no guarantee of doing so, but an unqualified report is surprising even so.

Quote:

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Originally Posted by greenginger

who are the auditors ?

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Have Hearts not always been Johnson Carmichael?

Quote:

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Originally Posted by Caversham Green

Still Johnston Carmichael, and it's an unqualified report. Emphasis of matter says they are only a going concern if they can get enough money in and they've no guarantee of doing so, but an unqualified report is surprising even so.

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Not that I've got an in depth knowledge of such matters, but is the highlighted section not a qualification? I'm aware of the fact that future events that will have a paramount impact on the company need to be taken into account, but could the insolvency events in lith have been "conveniently ignored" for the purposes of signing off an audit?

Quote:

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Originally Posted by Caversham Green

Still Johnston Carmichael, and it's an unqualified report. Emphasis of matter says they are only a going concern if they can get enough money in and they've no guarantee of doing so, but an unqualified report is surprising even so.

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Sounds like a serious case of fence sitting ....

Quote:

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Originally Posted by Caversham Green

Still Johnston Carmichael, and it's an unqualified report. Emphasis of matter says they are only a going concern if they can get enough money in and they've no guarantee of doing so, but an unqualified report is surprising even so.

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Does an unqualified report not leave them liable when it all goes tits up?

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Originally Posted by SmashinGlass

Not that I've got an in depth knowledge of such matters, but is the highlighted section not a qualification? I'm aware of the fact that future events that will have a paramount impact on the company need to be taken into account, but could the insolvency events in lith have been "conveniently ignored" for the purposes of signing off an audit?

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Technically emphasis of matter is different from a qualification. The auditor gives an opinion on whether the accounts (including the attached notes) show a true and fair view. A qualified opinion says either they do not give a tafv or that the auditor is unsure whether they do or not. An unqualified report with emphasis of matter says the accounts do give a tafv but the reader should pay particular attention to the bit that's emphasised.

It's because of the events in Lithuania that I'm surprised at the unqualified report. The auditor would be negligent in ignoring them and Ukio's insolvency is mentioned, but I think they're significant enough to warrant more attention than they've got. I would have felt inclined to give an uncertainty qualification and I'm sure the auditor must have given that a lot of consideration.

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Originally Posted by grunt

Sounds like a serious case of fence sitting ....

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The going concern note is quite non-commital really and the auditor is depending on that to say what he would otherwise have said in a qualification, so strictly he's probably right to say the accounts are accurate subject to the conditions contained in the note, but it can't have been a comfortable decision for him.

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Originally Posted by Geo_1875

Does an unqualified report not leave them liable when it all goes tits up?

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It depends on the circumstances. Their involvement would always be considered but if the cause of the breast elevation could not have been reasonably foreseen or is covered in the accounts and emphasis of matter they'd probably be in the clear.