Share Transfers Agreed/Cooling off period

My source has been in contact today.

Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over.

There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward.

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

At what point will the SPFL need to know what teams are able to compete next season? Surely it's wisest to make decisions sooner rather than later, so that a repeat of SEVCO can be avoided. Would it be prudent of them to seek reassurances from Oldyam that they can complete their fixtures next year. After all they are struggling to make it to the end of next season.

Quote:

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Originally Posted by Bajillions

My source has been in contact today.

Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over.

There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward.

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

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Thanks Bajillions.

Quote:

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Originally Posted by Filled Rolls

At what point will the SPFL need to know what teams are able to compete next season? Surely it's wisest to make decisions sooner rather than later, so that a repeat of SEVCO can be avoided. Would it be prudent of them to seek reassurances from Oldyam that they can complete their fixtures next year. After all they are struggling to make it to the end of next season.

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It doesn't work like that. The SPFL will just assume that every club will be available until it becomes absolutely obvious they won't be. The SPFL is the other clubs and they have no desire to trip each other up at every turn. "Live and let live" is the general rule when it comes to the SPFL.

Quote:

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Originally Posted by Bajillions

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

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They must have discussed, internally at least, plans to liquidate and emerge as a Newco with all that that entails. As each month passes it may appear to be prudent to implement that plan, sooner rather than later. Logic dictates they must be nearing their Rubicon.

Quote:

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Originally Posted by Bajillions

My source has been in contact today. Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over. There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward. BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely. I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

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Cheers for that Bajillions.

And you are indeed correct that the roasters over on Brokeback will think it's 'Hobonomics' but in truth they deep down know your are right in your summations.

Pleasing

Well we just need to cling on to our last remaining hope that delays in Lithland drag on for some time.

Relegation is welcome of course but let's not make out that they will be years in the doldrums as ICT and Ross County have done OK on much less income than they will have.......despite the millstone costs of a stadium that isn't and never will be fit for purpose.

I just passed a Jambo singing at his rudi scakel shrine "I want you back"

No chance matey

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Originally Posted by Bajillions

Everyone feels like they are stuck in limbo.

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That's what I heard, the Lithuanians have got them jumping through hoops and they're being prodded into Moonwalking every now and then.


Attachment 12129


DANCE, JAMBO! DANCE.

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Originally Posted by DC_Hibs

Well we just need to cling on to our last remaining hope that delays in Lithland drag on for some time.

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Not everyone carries any "hopes" re- their situation. I honestly couldn't give a toss. It's just fun watching them squirm.

Quote:

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Originally Posted by Bajillions

My source has been in contact today.

Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over.

There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward.

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on.

I'm sure some on here and all over the road will find a way to twist all if it but that's their
prerogative

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Great stuff B as ever. Any word on how BJ's wee trip to Lithland went? :greengrin

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Originally Posted by brog

Great stuff B as ever. Any word on how BJ's wee trip to Lithland went? :greengrin

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No probs, B - at £550 an hour I don't think it was the best use of funds.

But he did return with some cheap baccy for the smokers in the office...so all was not lost.

I was buying a new helmet yesterday in a local bike shop and noticed ratboy had his name on a few. Always thought he was a helmet!

http://www.rudyproject.com/products/helmets/airstorm/white-red-shiny/s-m-size.html

Maybe they could make a few to protect the yams from falling stand debris

The most satisfying news coming out of Tynecastle just now is the fact that there is no news. If they had anything positive to announce they would be screaming it from the roof tops. The more time that passes without any news the nearer they are to the big L. Silence is golden.

Quote:

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Originally Posted by Kaiser1962

They must have discussed, internally at least, plans to liquidate and emerge as a Newco with all that that entails. As each month passes it may appear to be prudent to implement that plan, sooner rather than later. Logic dictates they must be nearing their Rubicon.

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Nearing their Stalingrad more like...

Quote:

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Originally Posted by DC_Hibs

Well we just need to cling on to our last remaining hope that delays in Lithland drag on for some time.

Relegation is welcome of course but let's not make out that they will be years in the doldrums as ICT and Ross County have done OK on much less income than they will have.......despite the millstone costs of a stadium that isn't and never will be fit for purpose.

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When did Ross County bounce back? I missed this.

Quote:

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Originally Posted by Bajillions

My source has been in contact today.

Everything is just ticking over at the moment as they can't really do much else. Everyone feels like they are stuck in limbo. They can't sell Season Tickets, they can't talk to players about contract extensions, in fact they can't do much of anything as they don't want to do anything that would upset Budge and jeopardise the take over.

There is a worry that the money will run out in the off season if not before and they'll be liquidated. Staff have been told it's unlikely the FOH will be able (or willing) to help them out because it would hurt the business plan going forward.

BDO are saying there is still every chance they'll survive all of this but with every passing day it gets less and less likely.

I'm not saying they will be liquidated or that they will survive. I'm just passing the information on. I'm sure some on here and all over the road will find a way to twist all if it but that's their prerogative

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Such a bizarre reaction to your very reasonable and temperate post on Kickback. It's so strange how they seem to see you as some dark fantasist for simply repeating what BDO have been saying -if they really care to listen to what's beyond the soundbites - from day one.

1. We have a finite amount of time to expedite the CVA.

2. It is enormously complicated due to 'the paperwork' of those inefficient East Europeans (as KB describe it) or 'the massive multi-national fraud investigation resulting in frozen assets' (as we call it) and it is clearly going to take some time.

3. Each day there is no news is bad news; as there needs to be a timetable for action, otherwise liquidation will inevtiably follow.

Jackson and BDO have obviously put a spin on this and probably are trying as much as they can to influence events, but the matter is really out of their hands.

It just seems to be (understandably, I have a few in my family) very hurtful and painful for Hearts fans to grasp these simple truths and they are lashing out to shoot the messenger.

I think a nice post from Gasman telling them all is going to be well will happen over the next few days. In fact I'm absolutely sure of it. :wink:

Sitting here with my acoustic guitar, playing some Bob Dylan, having great fun.

Here's a new version of 'The Times They Are a Changin'.

If you have an acoustic guitar and are semi competent, give it a go - great fun!



Gather 'round jambos
Wherever you roam
And admit that the finances
Around you have blown

And accept it that you’re
being fleeced to the bone
If your money to you
Is worth savin'

Then you better start prayin
As you sink like a stone
For the shares they are a-frozen


Come journos like Barry
Who prophesize with your pen
Keep your eyes wide
The chance won't come again

Don't speak too soon
The court case is in spin
And there's no tellin' who
They’ll be namin'

For Yam losers now
Will be later Lowland
For the shares they, they are a-frozen'

Come MP’s, Councillors
Please heed the call
For the FOH pledges
Are worth sweet **** all

For he that gets hurt
Will be he who has cheated
the tax man and charties
are a ragin

They’ll be selling of Tynie
to make asbestos flats
For the shares they are a-frozen'

Come football supporters
Throughout the land
Laugh at those poor Yams
Who just don’t understand

Your financial peril
is beyond your command
the old stand is
Rapidly aging

Just cancel those debits
Cause you can't lend a hand
For your shares they are a-frozen

But the Lowland ain’t bad
And Almondvale’s fine
And you’ll have Gary Locke still
To keep you in line

The Golden shower generation
Will piss to that flag
The CVA is
Rapidly fadin'

And the first liquidation
Will later be last
For the shares they are a-frozen'

Levein will be appointed in the Summer but is already planning ahead in terms of who to keep and who to let go, he will have a very good budget, the 3rd biggest in Scottish Football despite the drop in leagues, i'm sure this time next season we will be the best run club in Scottish football.

Qwality man , deluded jakeys

[QUOTE=Dashing Bob S;3923251]Such a bizarre reaction to your very reasonable and temperate post on Kickback. It's so strange how they seem to see you as some dark fantasist for simply repeating what BDO have been saying -if they really care to listen to what's beyond the soundbites - from day one.





If anyone wants to risk their laptop and post on kickback, they could refer their posters to Clause 11 in the BDO interim statement released in January .

" Alternatively in the event that the CVA proposal does not come into effect the Administrators would require to place the company into Liquidation ".

Now why would anyone waste time printing that if it is all a foregone conclusion ? :greengrin

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Originally Posted by hibees 7062

Levein will be appointed in the Summer but is already planning ahead in terms of who to keep and who to let go, he will have a very good budget, the 3rd biggest in Scottish Football despite the drop in leagues, i'm sure this time next season we will be the best hun club in Scottish football.

Qwality man , deluded jakeys

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Only if THE rangers are out of business before hearts

Quote:

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Originally Posted by Hot Shot Hamish

The most satisfying news coming out of Tynecastle just now is the fact that there is no news. If they had anything positive to announce they would be screaming it from the roof tops. The more time that passes without any news the nearer they are to the big L. Silence is golden.

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Yep, I agree. It's squeaky bum time and they're starting to realise this now. My jambo friends on social media seem to have been abducted, not heard a peep from them in weeks.

Pleasing.

Video footage of BDO staff making a song and dance about the date of Hearts exit from administration.

http://youtu.be/ooiHz-wt9kw

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Originally Posted by Kato

Video footage of BDO staff making a song and dance about the date of Hearts exit from administration.

http://youtu.be/ooiHz-wt9kw

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I love the reeling off of the months, but also with the Saville intro for added Yam authenticity.

Quote:

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Originally Posted by Dashing Bob S

I love the reeling off of the months, but also with the Saville intro for added Yam authenticity.

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It's got flava.

A little gem from stockback.co.uk

Posted Yesterday, 22:03 by Rug Munch
it is so pathetic that some of the unwashed peg seller mathadone junkies might just go out and steal to fund being part of the Army 18 wins in 71 defeats at the san giro maybee best spend the loot on drugs.

You are the heart and soul of cheating. You are the financial dope heads who embezzled your way on a wild and reckless joy ride. You are the looters of savings and pensions and the defaulters of payments to dozens of hard working people.

Better find an icepick and start chipping out those shares. Tick tock wait for the stock :I'm waiti:I'm waiti:I'm waiti:I'm waiti:lolyam::ostrich:

Just read an article about the "Nuremburg Stadium" where the Nazis used to hold their parades. Apparently it was designed to hold exactly 400 000 brainwashed spectators. Sounds like it was tailor made for our chums and realistically they probably own it by default after winning the first half of the World War Cup single handedly.

Quote:

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Originally Posted by Dashing Bob S

Sitting here with my acoustic guitar, playing some Bob Dylan, having great fun.

Here's a new version of 'The Times They Are a Changin'.

If you have an acoustic guitar and are semi competent, give it a go - great fun!

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That is quality DBS.

Must be about a year ago that Allisbarry exclusively revealed Hearts were now self sufficient?

hibs net has been way off the mark all along. I mean, who'd ah thought it eh ?

Spring 2013 onwards: Self sufficient Hearts! --> Nearly self sufficient --> Cost cutting over summer & all will be fine --> No danger of administration --> Administration --> CVA & Debt free very soon --> CVA agreed in principal --> FOH to take over --> out of admin around Feb --> Budge to take control --> out of Admin in March --> out of Admin in April --> out of Admin in May --> ???

Pesky shares ??

Plums.

Quote:

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Originally Posted by GreenLake;3923210[B

]I was buying a new helmet yesterday in a local bike shop and noticed ratboy had his name on a few[/B]. Always thought he was a helmet!

http://www.rudyproject.com/products/helmets/airstorm/white-red-shiny/s-m-size.html

Maybe they could make a few to protect the yams from falling stand debris

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Does he not endorse a range of crayons as well?