Share Transfers Agreed/Cooling off period

Quote:

---

Originally Posted by greenginger

Budge does not get a mention in the Times Rich List and it goes down to folks with a miserable £ 47 million. :greengrin

---

The company sold for £40m she got £25m. Don't know how much she's got left. Hopefully had a whack invested in RBS.

Quote:

---

Originally Posted by Weststandwanab

As I am sure you know a M.O.U. has no legal basis otherwise it would be a contract.

With a M.O.U. either, or any, party can walk away with probably no consequence.

---

Quote:

---

Originally Posted by Weststandwanab

Except the legal fees for doing so !

I have been party to 17, 9 of which did not happen for various reasons and not 1 was challenged legally by any party

Just stating facts but on the same wave length.

---

I get battered by some of the expertise on this thread and I am grateful that there are people out there willing to share their considerable nous, but is anyone listening to you?

Quote:

---

Originally Posted by Hamilton Handling

I get battered by some of the expertise on this thread and I am grateful that there are people out there willing to share their considerable nous, but is anyone listening to you?

---

I am

Quote:

---

Originally Posted by Ozyhibby

I am

---

Me too.

The collective intelligence on this board, on a range of subjects, is staggering at times.

And watch that turning up on Kickback :-)





Sent from my GT-I9100 using Tapatalk

Quote:

---

Originally Posted by Ozyhibby

I am

---

Good show. I thought for a minute he was maybe banging at the door of an empty hoose.

Quote:

---

Originally Posted by greenginger

£ 2.5 million for the real estate could cost Bidco 1874, 4% Stamp Duty Land Tax which is £ 100,000.

But, seeing as she is buying HOMFC shares for £1 , it might just be the share transaction value that is taxed.

Looks like the tax-man will get shafted again.

---

H.M.R.C. are not getting shafted they can, if the so wish, attempt to collect Stamp Duty at 0.5% of the transaction value which I presume is £1. On the other hand 0.5% of £50,000 is probably worth collecting....just.

Quote:

---

Originally Posted by Ozyhibby

There are people a lot wealthier than that who are not on that list.

---

Indeed there are even in Edinburgh.

Quote:

---

Originally Posted by greenginger

Budge is quite high profile so if she had the dosh she would be in it.

---

I will try again the £40m sale price will be reduced by Legal costs, Capital Gains Tax on the Capital Profit, and the borrowings she had to buy out her partner prior to the sale of the Company all of which will equate to a lot less than £25m.

Quote:

---

Originally Posted by worcesterhibby

Is it just me or does the fact that FOH seem to make 99% of their communications by Twitter, make them seem incredibly unprofessional ? In my experience, well run organisations use Twitter as a marketing tool to spread the word/vibe about new products…they don't use it to convey financial and strategic information….amateurs

---

Excuse the pun but tweeting is cheap.

Quote:

---

Originally Posted by Sergey

I've just read through the FoH Tweets from earlier today and there's one belter when the FoH were asked about the creditors meeting. "The end of March" was the reply.

Given today is the 21st February and 30 days notice has to be given, they really are hanging on every word from a statement that was made by the UBIG admins when pressed by BDO at approximately the time of the CVA meeting.

There is no immediate rush for this to be pushed through in Lithuania and the Ukio & UBIG administrators are under political pressure to call this right. It's also up to the members of the creditors committee to accept any proposal, not the administrators themselves.

---

To achieve end of March the notice that the freezer is opening needs to be in the next ten days.

Quote:

---

Originally Posted by HUTCHYHIBBY

She looks like Russell from Rules of Engagement.

---

She kinda does!!:wink:

Quote:

---

Originally Posted by Sergey

I've just read through the FoH Tweets from earlier today and there's one belter when the FoH were asked about the creditors meeting. "The end of March" was the reply.

Given today is the 21st February and 30 days notice has to be given, they really are hanging on every word from a statement that was made by the UBIG admins when pressed by BDO at approximately the time of the CVA meeting.

There is no immediate rush for this to be pushed through in Lithuania and the Ukio & UBIG administrators are under political pressure to call this right. It's also up to the members of the creditors committee to accept any proposal, not the administrators themselves.

---

IIRC the original statement said the meeting was provisionally scheduled to be held by the end of March. I'm sure I posted at that time that from my experience of working in Eastern Europe, provisional meetings more often than not just did not happen. As you say they now have effectively one week to schedule the meeting otherwise we're into April! :greengrin

Quote:

---

Originally Posted by brog

IIRC the original statement said the meeting was provisionally scheduled to be held by the end of March. I'm sure I posted at that time that from my experience of working in Eastern Europe, provisional meetings more often than not just did not happen. As you say they now have effectively one week to schedule the meeting otherwise we're into April! :greengrin

---

It won't be long before May starts getting a mention.

Quote:

---

Originally Posted by brog

IIRC the original statement said the meeting was provisionally scheduled to be held by the end of March. I'm sure I posted at that time that from my experience of working in Eastern Europe, provisional meetings more often than not just did not happen. As you say they now have effectively one week to schedule the meeting otherwise we're into April! :greengrin

---

Over the past few weeks the implied messages coming out of Tynie is that April was likely to be the month before it was sorted .So will be interesting to see how long it takes for April to become May :wink:

Quote:

---

Originally Posted by Mikey

It won't be long before May starts getting a mention.

---

He's already been mentioned as a target post admin...you know...when they're debt-free :greengrin








I'll get my coat..........

God I love this thread so much!

AND...as difficult as it is to imagine, I predict I'm going to love it even more over the next fortnight!

There's something fishy about those shares. http://www.youtube.com/watch?v=bmTxB5nXlzk

Quote:

---

Originally Posted by Mikey

It won't be long before May starts getting a mention.

---

June will see them 12 months into administration - that's a far cry from being out of admin by Christmas and debt free.

They're clinging to a creditors meeting that is outwith their control and the key players are holed-up in Lithuania/Bosnia/Russia/Ukraine.

Ironic that the Hearts players who gave their lives for the freedom of our country and their team, are now staring into the abyss, praying that Eastern Europe now rescues them from complete and utter annihilation.

Top banana.

Quote:

---

Originally Posted by greenginger

Just saw Mrs Budge driving away from the PBS car park 10 minutes ago.

No idea what she was doing there, but canny miss her in her £100K Bentley with the personalised plates.

---

Was it purple?

Quote:

---

Originally Posted by s.a.m

Was it purple?

---

No, it was a metallic blue/grey. At least the plate number was'nt 15

Quote:

---

Originally Posted by Mikey

It won't be long before May starts getting a mention.

---

How long was it before Jackson said the money would run out ?

It was posted that they can't sell season tickets until they are out of admin. Budge won't open her purse until she gets her paws on the assets, that leaves FoH to keep the lights on.

Will they hand over their D. D. nest egg ?

Quote:

---

Originally Posted by greenginger

How long was it before Jackson said the money would run out ?

It was posted that they can't sell season tickets until they are out of admin. Budge won't open her purse until she gets her paws on the assets, that leaves FoH to keep the lights on.

Will they hand over their D. D. nest egg ?

---

IIRC - it was the end of March, which is five weeks away on my calendar.

The FoH will have to keep the club afloat...which could go the same as that share issue they launched = supporters money never seen again.

I typed that with a touch of sadness :fibber:

Quote:

---

Originally Posted by greenginger

How long was it before Jackson said the money would run out ?

It was posted that they can't sell season tickets until they are out of admin. Budge won't open her purse until she gets her paws on the assets, that leaves FoH to keep the lights on.

Will they hand over their D. D. nest egg ?

---

As discussed before that's incredibly unlikely. Now that the FOH plan has been revealed to everyone it's clear they won't be able to use the money to fund the club until they have taken over. It would technically violate the terms of FOH agreement as well.

I assume the money situation is looking better given Mr Struggling has been given yet another reprieve.

Quote:

---

Originally Posted by Bajillions

As discussed before that's incredibly unlikely. Now that the FOH plan has been revealed to everyone it's clear they won't be able to use the money to fund the club until they have taken over. It would technically violate the terms of FOH agreement as well.

I assume the money situation is looking better given Mr Struggling has been given yet another reprieve.

---

Its hard to see the financial logic now in keeping him on Do they really believe having him there is going to be the key driving force that can take them to the playoff position when he couldn't master mind holding on to the ball for two minutes at end of caley thistle game .

Quote:

---

Originally Posted by Dashing Bob S

There's something fishy about those shares. http://www.youtube.com/watch?v=bmTxB5nXlzk

---

:top marksComedy gold, Someone should edit that video so there's a hearts badge in place of the cat.

While there is an MOU in place with UBIG to transfer the shares, I understand a key concern of BDO/FOH/BIDCO is that UBIG administrators may up their price. Apparently the transfer price is not cast in stone.

Quote:

---

Originally Posted by Jack

After his electorate deserting him in the last election and the independence vote coming soon I imagine he's keeping as low a profile as possible. Indeed it is more likely the SNP have him bound and gagged, locked in a cupboard with two armed guards outside the door.

---

you'll have to explain that point a bit more, Jack. don't suggest that the coming referendum is a vote for the SNP or Cardownie. it is a simple : do you think Scotland should be an independent country? yes/no. so let's keep things simple and downright honest, despite your political leanings.:wink:

Quote:

---

Originally Posted by GRANTON_HIBS

She kinda does!!:wink:

---

I see what you did there! :greengrin

Salmond is a heart's waannksttain, no?

Sent from my HTC One using Tapatalk

Canny beat chicken donner and skinny fries

Sent from my HTC One using Tapatalk

Quote:

---

Originally Posted by hibs0666

Salmond is a heart's waannksttain, no?

Sent from my HTC One using Tapatalk

---

he may well be, but what's that got to do with the buses going up the mound?

Quote:

---

Originally Posted by Hamilton Handling

I get battered by some of the expertise on this thread and I am grateful that there are people out there willing to share their considerable nous, but is anyone listening to you?

---

I have no idea, what do you think ?

Quote:

---

Originally Posted by Ozyhibby

I am

---

I appreciate that

I thought billy brown wasn't getting paid or are even Hearts not that daft?

Quote:

---

Originally Posted by Leishy1995

I thought billy brown wasn't getting paid or are even Hearts not that daft?

---

Brown is not that daft.