According to that report there is a UBIG meeting scheduled for next week.Quote:
Originally Posted by Bajillions
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According to that report there is a UBIG meeting scheduled for next week.Quote:
Originally Posted by Bajillions
UKIO Admin said it was "Green Lights all the Way" :greengrin
http://www.google.co.uk/url?sa=i&rct...95760167011313
Ever the sceptic...........Don't you love open quotations?
Here is the only factual line as far as I can see.
“If the approval by the creditors of Ukio Bankas and UBIG is on hand, the process will move forward as soon as possible.” :greengrin
But they are saying UBIG meeting is next week, is that incorrect? I'm beginning to give up hopes of the Big L, and settling for them spending a couple of seasons in the Championship.Quote:
Originally Posted by Bajillions
Apart from anything else, this latest article isn't by Barry.
I notice there is no mention of a date or time, funny that.Quote:
Originally Posted by #FromTheCapital
I can say with 100% certainty that there will be a UBIG Creditor's meeting in the future. Does that make me in the know? :greengrin
Can we ask Irene if there is a UBIG meeting scheduled for next week. :greengrinQuote:
Originally Posted by robinp
Got to agree. They have somehow managed to get this far despite seemingly having no chance of survival and the experts final hope to cling to is that the shares are going to be frozen for months to come and beyond.Quote:
Originally Posted by Filled Rolls
Let's hope they got that one right.
Thats the first mention I've seen of a UBIG meeting next week.Quote:
Originally Posted by Filled Rolls
Let the Hearts fans have their wee moment. Realistically they've been at exactly the same point since November. There's only so many euphemisms the press can come up with. "Done deal" "Rubberstamp" "Green lights all the way". but the but they keep missing is that UKIO's approval allows the CVA to go ahead. It does not allow BIDCO to gain control. UBIG haven't had a meeting yet and the shares are still frozen.
Is there a thread on Brokeback yet titled, "hibs.net were right, there is no UBIG meeting on the 28th"?
It seems only fair
:greengrin
Are they starting to get their ducks in a row though.?Quote:
Originally Posted by Bajillions
A couple of different posters from here contacted the UBIG admins directly to ask about the meeting that was reportedly scheduled for this week. They were told that there was no meeting scheduled. If the meeting about which they had posed the questions was in fact scheduled for sometime the following week, I'm sure they would have been told.Quote:
Originally Posted by Filled Rolls
There are green lights all the way and ducks lined up all the way to the freezer vault doors. :agree:
So, this latest news is that there IS a creditors meeting on Friday, it's just that its NOT the one that Barry reported?
Furthermore Sergey gave reliable information when he said the UBIG administrator didn't have a meeting this Friday. So far so good.
It now comes down to when the UBIG meeting does take place. If they give a green light, it's just a case of the courts unfreezing the shares?
So is it unrealistic to have the Yams out of admin.by the close season? It's speculation, but I find myself drifting towards the exits - surely there can't be another twist in this game?
My head hurts!! I'm away over to the PM board to find out what is really happening. :greengrin
Off topic but :top marks for that avatar.Quote:
Originally Posted by youngyosh
A thing of beauty.
It seems to me like they are tying up the administrative side of things at their end. I think there's been a lot behind the scenes hard work, particularly right now as the finances get perilously low and they need to call liquidation soon to stay in the League structure. They've done just about all they can do, but they would seem to need three more things:Quote:
Originally Posted by Spike Mandela
1. the UKIOS major creditor to agree to the suppositions made by the UKIOS admins (which CWG reckons might give them some trouble);
2. the UBIG meeting to happen VERY VERY SOON (I think they are saying next week as that's probably the very last they can run to without declaring liquidation) and obviously, them to be on the agenda;
AND
3. The big one, which is the main bone of contention between us an them - the frozen shares to be released.
I think it was always going to come down to the freezer test, though the date for the UBIG meeting dragging on might also still slay them.
In all seriousness, Jamie Borthwick who has written the STV article http://sport.stv.tv/football/clubs/h...res-next-week/
This guy is a die hard jambo and doesnt hide the fact, IMO he hasn't actually confirmed anything in the article, just "I believe this will happen I believe that will happen etc" I'll be amazed if the meeting on Friday goes ahead, especially on past form. Jamie and AllisBarry are trying to put a positive spin on anything Hearts related.
I am looking forward to their interviews next Monday.
Here's the clearest I can make it.
Hearts are no closer to exiting Administration today than they were last week or even last month.
The UKIO admin could deliver the shares on Friday in a private jet and on a velvet pillow it still won't get them out of Admin. They need UBIGs shares.
There's no evidence of a UBIG meeting next week beyond Borthwick
Theres no evidence of the shares being unfrozen.
Just remember how many times the Yams have started celebrating news only for weeks to pass without anything happening. This is no different.
4. Dry off the share certificates, count and envelope them and load onto a ship.
I remember the street parties on kickback after this one six months ago. Note how they still had everyone duped that FOH would be in control.Quote:
Originally Posted by Bajillions
http://www.scotsman.com/sport/footba...vote-1-3198001
They've hardly got away with it, even if this was all to end tomorrow.Quote:
Originally Posted by GlasgowHibee
You have to be realistic.
Despite the quotes from Gintaras Adomonis?Quote:
Originally Posted by Pray4Marc
I'd like to add that Scott_jambo on Kickback has repeatedly misquoted me on Kickback. If they have to lie about what I'm saying it tells me I must be right in the first place. I at no point said I had contacted anyone in Lithuania. Nor did I proclaim to have info that the shares would be frozen for years.
Referring to to us as "people on the internet" doesn't change whether we are right. Barry Anderson is a "person on the internet" and he's been wrong on numerous occasions. Doesn't stop them from lapping it up like its water in a desert.
Ill just keep being accurate.
Quote:
Originally Posted by CropleyWasGod
Does the Lith courts have to "rubber stamp" the 29.5% shares that Ukio has agreed to let go? :wink:
:rolleyes:
[/QUOTE]Quote:
It appears that the Hobos have left the back door open here, says Phil Space, our fence sitting reporter.
For despite the great hopes of the Hobos on dla.net, it seems that the hopes of other people less hostile to the Yam cause are greater.
There is every hope that a meeting of UBIG creditors might happen next week. "Certainly more chance than it happening last week" said creditors big beak Johnny Hailesland.
"We know that it is a matter of time till something happens, and it is probably going to be sooner rather than later".
Ann Budge, Famous Old Club, 400,000 fans etc.
Here's a quote from FOH this morning at the end of something unrelated to Hearts admin
FOH fell for it as well.Quote:
On a more positive note, we continue to look forward to the UBIG creditors meeting being held. The best information at present is that it will take place this Friday (28 March). We know from previous experience that meetings can be delayed at short notice but we will all be keeping our fingers crossed that it takes place as scheduled.
Whistle smileyQuote:
Originally Posted by TRC
In fairness, FoH would fall for a man from Nigeria telling them they were due an inheritance.Quote:
Originally Posted by Bajillions
To be honest, I think we gave Bazza credit that even he wouldn't do that. We should've known better.Quote:
Originally Posted by TRC
:greengrin
Is it unusual UKIO have no news of this meeting on their website 4 days before it takes place but had 3 weeks notice of the first meeting?
http://www.ub.lt/en/to-creditors/news