Share Transfers Agreed/Cooling off period

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Originally Posted by Dashing Bob S

Be great to relegate them tomorrow so that we can give this 'Liquidation thread' our full attention over the coming weeks.

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This will do for me



Attachment 12288

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Originally Posted by Weststandwanab

Some of us, non P.M. posters, do.

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You've missed the point, but anyway....it's only a tenner.

Think of all the multiple quoting you could do across TWO boards!

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Originally Posted by jacomoseven

Resignation talk. The fella must be bored of JKB, because he surely won't be staying after that.

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Or another green mole.

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Originally Posted by Danderhall Hibs

You don't need to be a pm to send a pm. :wink:

Read the post!

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I know, I did and I believe.

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Originally Posted by Dashing Bob S

Be great to relegate them tomorrow so that we can give this 'Liquidation thread' our full attention over the coming weeks.

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Are you starting to believe DBS?

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Originally Posted by Danderhall Hibs

You don't need to be a pm to send a pm. :wink:

Read the post!

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I'm an mp, no wait I want a pm, no wait the clocks go forward this am, hang what thread is this again

on the subject of David Hunt UK ambassador, office, phone numbers email address etc in Vilnius Lithuania, the easiest email I've ever sent overseas. done everything except ask him to meet me in the pub for lunch:greengrin

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Originally Posted by Gmack7

if he likes a pint of Strongbow in the Corstorphine area it could well be

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Yip with the initials CM?

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Originally Posted by monktonharp

on the subject of David Hunt UK ambassador, office, phone numbers email address etc in Vilnius Lithuania, the easiest email I've ever sent overseas. done everything except ask him to meet me in the pub for lunch:greengrin

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David hunt stupid person I wish I could invent an amusing phrase ... Epic Fail

Just been over to somanypointsbackitstoohardtocount.co.uk and they're really going for each other.

Pleasing.

This one caught my eye though...

"I think the people on here know as much about the the situation in Lithuania as the Malaysian authorities know about the whereabouts of the missing plane, **** all".

Brilliant

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Originally Posted by ronaldo7

Just been over to somanypointsbackitstoohardtocount.co.uk and they're really going for each other.

Pleasing.

This one caught my eye though...

"I think the people on here know as much about the the situation in Lithuania as the Malaysian authorities know about the whereabouts of the missing plane, **** all".

Brilliant

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That's exactly the reason we have 220 'visitors' currently on this thread.

The Jambos know where to come for the information.

Insert that pleasing smile they use :agree:

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Originally Posted by Albanian Hibs

Yip with the initials CM?

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:agree:

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Originally Posted by CropleyWasGod

Insolvency isn't fair on anyone. (except those who make their living from it, of course......)

The basic premise of the law, as far as I can see, is preservation. Preservation of jobs, of future tax revenues and, if they feel inclined, a customer for the old creditors.

It's not perfect, of course, but we've yet to come up with anything better.

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Could it the the Lithuanians work to a different set of guidelines than we do here in the UK?

Maybe the technical issues are a lack of understanding between BDO and the LT administrators and then between the creditors committee, i.e. the CC expects evidenced materials, the LT administrators, who all but joined in the yamfanfare, knew that's not how it works in the UK and BDO thought they'd get away with it.

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Originally Posted by ronaldo7

Just been over to somanypointsbackitstoohardtocount.co.uk and they're really going for each other.

Pleasing.

This one caught my eye though...

"I think the people on here know as much about the the situation in Lithuania as the Malaysian authorities know about the whereabouts of the missing plane, **** all".

Brilliant

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It's some where in the Indian Ocean ,they are not very good at picking up on technical detail right enough.If they are going for each other now imagine what will happen tomorrow night if we relegate them .There will be a state of Emergency called in Gorgie The Samaratins have cancelled all staff leave for volunteers to cope with the expected Demand

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Originally Posted by Jack

Could it the the Lithuanians work to a different set of guidelines than we do here in the UK?

Maybe the technical issues are a lack of understanding between BDO and the LT administrators and then between the creditors committee, i.e. the CC expects evidenced materials, the LT administrators, who all but joined in the yamfanfare, knew that's not how it works in the UK and BDO thought they'd get away with it.

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Jack - that didn't make too much sense to me - but to surmise, the LT folks are now fully aware as to what is occurring.

There are indeed 'technical issues' :greengrin

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Originally Posted by Weststandwanab

I know, I did and I believe.

Are you starting to believe DBS?

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Would never use such a pseudo-religious Yamism, WSW, but based on pure business administration science, I'm convinced they are Donald Ducked, yes.

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Originally Posted by Sergey

Jack - that didn't make too much sense to me - but to surmise, the LT folks are now fully aware as to what is occurring.

There are indeed 'technical issues' :greengrin

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Can we just abbreviate 'technical issues' to 'tissues' from now on? It seems appropriate as they solely exist to catch all the ***** flying around from FOH/EEN etc.

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Originally Posted by Dashing Bob S

Would never use such a pseudo-religious Yamism, WSW, but based on pure business administration science, I'm convinced they are Donald Ducked, yes.

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Pleasing to read

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Originally Posted by Dashing Bob S

Can we just abbreviate 'technical issues' to 'tissues' from now on? It seems appropriate as they solely exist to catch all the ***** flying around from FOH/EEN etc.

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I like that but worry about the connotations of "reaching for the tissues"

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Originally Posted by Jack

Could it the the Lithuanians work to a different set of guidelines than we do here in the UK?
Maybe the technical issues are a lack of understanding between BDO and the LT administrators and then between the creditors committee, i.e. the CC expects evidenced materials, the LT administrators, who all but joined in the yamfanfare, knew that's not how it works in the UK and BDO thought they'd get away with it.

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I think the problem is that the creditors haven't actually seen Tynie and can't believe that a football stadium can be worth so little. They've probably googled football stadiums in Edinburgh and are sitting drooling over pictures of Easter Road.

Friends in Vilnius this week told me that it's a real scandal and the authorities want to make 100% sure that they are following each case closely. The collapse of both organisations have had a significant impact on capital investment in the country with a lack of confidence in the banking industry and government regulations. They believe this situation will lay out a foundation for the future so the international community can be confident that the country is not run in a corrupt way.
I'm not sure we should read into the technical details mentioned they are simply being very cautious..it would be nice to think that there is additional conspiracy but I think it's a matter of wait and see and no one really knows ,,but we can live in hope!

Article in the DR today about Romanov fearing for his life. He seems to be still living it up and making lots of money. No remorse for what he has done and is continuing to rip people of. Cannot see the liths giving any compassion to any to his dealings . This will go on for a while yet i hope

I think we've found what Scottish journalism is good for.

While the MSM have been woeful in the Rangers & Hearts cases at asking questions or reporting from an unbiased or victim's perspective, it's a source of pride that the DR can locate VR when Interpol can't!

Maybe time for the MSM to give up journalism and move into Private Investigation & Location services.

"we can find anyone, anywhere...we just can't ask the right questions when we find them"

In todays Sun there is this


"Sunsport Exclusive.
'FLIGHT FOR SURVIVAL'
Jackson mission to try and save Jambos deal.
Bryan Jackson will make an emergency dash to Lithuania in a bid to save Hearts' takeover deal.
Jambos insiders fear Ann Budge's buyout plan is in danger of collapsing as Baltic creditors hold out for a bigger pay-off.
Now money man Jackson is poised to fly out for face-to-face talks aimed at staving off the threat of liquidation.
Hearts could be relegated today if they fail to beat Hibs. But there are even graver fears after the Jambos failed on Friday to get the green light for Budge's BIDCO takeover.
Dissent among creditors saw a crucial meeting put back to April 7 - a move that throws Hearts' future into major doubt. Sunsport understands some Lithuanian creditors are unhappy with the £2.5m deal they agreed last November because of Budge's fortune.
Since agreeing to the proposal put forward by fans' group the Foundation of Hearts it has emerged that Budge - an Edinburgh businesswoman worth £40m - Is bankrolling the deal. She will buy the shares through her BIDCO 1874 vehicle and become chairwoman, before gradually transferring the holding to the supporters over a period of five years.
However, the sudden appearance of a multi-millionaire has caused unrest in Lithuania, with some creditors reported to feel the deal they agreed to is not the one they have ended up with.
Sauliu Bank, one of the biggest creditors, is believed to be unhappy with the agreement.
And it's feared they could now ask for more cash before they release the stockholding.
If that happens then there is a real chance Hearts could be liquidated, since BDO only have enough money to operate until the end of April."

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Originally Posted by greenpaper55

In todays Sun there is this


"Sunsport Exclusive.
'FLIGHT FOR SURVIVAL'
Jackson mission to try and save Jambos deal.
Bryan Jackson will make an emergency dash to Lithuania in a bid to save Hearts' takeover deal.
Jambos insiders fear Ann Budge's buyout plan is in danger of collapsing as Baltic creditors hold out for a bigger pay-off.
Now money man Jackson is poised to fly out for face-to-face talks aimed at staving off the threat of liquidation.
Hearts could be relegated today if they fail to beat Hibs. But there are even graver fears after the Jambos failed on Friday to get the green light for Budge's BIDCO takeover.
Dissent among creditors saw a crucial meeting put back to April 7 - a move that throws Hearts' future into major doubt. Sunsport understands some Lithuanian creditors are unhappy with the £2.5m deal they agreed last November because of Budge's fortune.
Since agreeing to the proposal put forward by fans' group the Foundation of Hearts it has emerged that Budge - an Edinburgh businesswoman worth £40m - Is bankrolling the deal. She will buy the shares through her BIDCO 1874 vehicle and become chairwoman, before gradually transferring the holding to the supporters over a period of five years.
However, the sudden appearance of a multi-millionaire has caused unrest in Lithuania, with some creditors reported to feel the deal they agreed to is not the one they have ended up with.
Sauliu Bank, one of the biggest creditors, is believed to be unhappy with the agreement.
And it's feared they could now ask for more cash before they release the stockholding.
If that happens then there is a real chance Hearts could be liquidated, since BDO only have enough money to operate until the end of April."

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If this scenario is correct, and it seems feasible, then the yam really only have themselves to blame, they continue to try and deceive by undervaluing the asset and trying to pull the wool over the eyes of the very people they have already bumped so they can fiddle it on the cheap for themselves.

Financial subterfuge is at the heart of everything they do still. They do not seem to understand that because of their past and their present reputation people will check what they are saying and doing.

It's hard to blame the victims here if they want to find out what the development value of the site really is. A major own goal from the yam was to start blabbing about their latest saviour and how much money she has and what she is going to do for them - same as their approach to Vlad really. Will they ever learn?

Tick tock

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Originally Posted by greenpaper55

In todays Sun there is this


"Sunsport Exclusive.
'FLIGHT FOR SURVIVAL'
Jackson mission to try and save Jambos deal.
Bryan Jackson will make an emergency dash to Lithuania in a bid to save Hearts' takeover deal.
Jambos insiders fear Ann Budge's buyout plan is in danger of collapsing as Baltic creditors hold out for a bigger pay-off.
Now money man Jackson is poised to fly out for face-to-face talks aimed at staving off the threat of liquidation.
Hearts could be relegated today if they fail to beat Hibs. But there are even graver fears after the Jambos failed on Friday to get the green light for Budge's BIDCO takeover.
Dissent among creditors saw a crucial meeting put back to April 7 - a move that throws Hearts' future into major doubt. Sunsport understands some Lithuanian creditors are unhappy with the £2.5m deal they agreed last November because of Budge's fortune.
Since agreeing to the proposal put forward by fans' group the Foundation of Hearts it has emerged that Budge - an Edinburgh businesswoman worth £40m - Is bankrolling the deal. She will buy the shares through her BIDCO 1874 vehicle and become chairwoman, before gradually transferring the holding to the supporters over a period of five years.
However, the sudden appearance of a multi-millionaire has caused unrest in Lithuania, with some creditors reported to feel the deal they agreed to is not the one they have ended up with.
Sauliu Bank, one of the biggest creditors, is believed to be unhappy with the agreement.
And it's feared they could now ask for more cash before they release the stockholding.
If that happens then there is a real chance Hearts could be liquidated, since BDO only have enough money to operate until the end of April."

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Hobo rag. Not one quotation. Could at least say who their source is.

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Originally Posted by greenpaper55

In todays Sun there is this


"Sunsport Exclusive.
'FLIGHT FOR SURVIVAL'
Jackson mission to try and save Jambos deal.
Bryan Jackson will make an emergency dash to Lithuania in a bid to save Hearts' takeover deal.
Jambos insiders fear Ann Budge's buyout plan is in danger of collapsing as Baltic creditors hold out for a bigger pay-off.
Now money man Jackson is poised to fly out for face-to-face talks aimed at staving off the threat of liquidation.
Hearts could be relegated today if they fail to beat Hibs. But there are even graver fears after the Jambos failed on Friday to get the green light for Budge's BIDCO takeover.
Dissent among creditors saw a crucial meeting put back to April 7 - a move that throws Hearts' future into major doubt. Sunsport understands some Lithuanian creditors are unhappy with the £2.5m deal they agreed last November because of Budge's fortune.
Since agreeing to the proposal put forward by fans' group the Foundation of Hearts it has emerged that Budge - an Edinburgh businesswoman worth £40m - Is bankrolling the deal. She will buy the shares through her BIDCO 1874 vehicle and become chairwoman, before gradually transferring the holding to the supporters over a period of five years.
However, the sudden appearance of a multi-millionaire has caused unrest in Lithuania, with some creditors reported to feel the deal they agreed to is not the one they have ended up with.
Sauliu Bank, one of the biggest creditors, is believed to be unhappy with the agreement.
And it's feared they could now ask for more cash before they release the stockholding.
If that happens then there is a real chance Hearts could be liquidated, since BDO only have enough money to operate until the end of April."

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If all true, then losing to Hibs today is not the Yams biggest problem :greengrin

What scope does Jackson have to renegotiate the CVA or agree more cash ? Or is this simply a recovery operation ?

He has to be seen to be doing all he can.

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Originally Posted by Onion

If all true, then losing to Hibs today is not the Yams biggest problem :greengrin

What scope does Jackson have to renegotiate the CVA or agree more cash ? Or is this simply a recovery operation ?

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Not sure he has any scope really. IF he cant convince those creditors holding out for more money that the ridiculous 2.5 million is the best they`ll get, then the CVA goes belly up and Hearts are back to square one. Liquidation would then be the only option i think.

Was there not always a danger that by 'exposing' Ann Budge that somewhere down the line her fortune and the meagre offer would filter across the sea to Vilnius ?

It now puts her in a very horrible position in that she wears the 'saviour' badge, yet the Lithuanians sound like they are now intent on squeezing her for more money - she refuses, she is then vilified....she agrees, she pays far more than she anticipated and it thus ties her in longer or reduces the capital Hearts have on the football front ?

Is this now a test of resolve and back to 'poker hands' then ? Or is that far too simplistic ?

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Originally Posted by SurferRosa

Not sure he has any scope really. IF he cant convince those creditors holding out for more money that the ridiculous 2.5 million is the best they`ll get, then the CVA goes belly up and Hearts are back to square one. Liquidation would then be the only option i think.

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Wonder if they will be allowed a second chance to buy the whole mess for what its really worth, after a proper current valuation has been done? In competition with anyone else who wants to make an open market offer of course. That's how a disposal of assets on behalf of creditors should be done.

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Originally Posted by Waxy

He has to be seen to be doing all he can.

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Spot on, covering his a???

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Originally Posted by truehibernian

Was there not always a danger that by 'exposing' Ann Budge that somewhere down the line her fortune and the meagre offer would filter across the sea to Vilnius ?

It now puts her in a very horrible position in that she wears the 'saviour' badge, yet the Lithuanians sound like they are now intent on squeezing her for more money - she refuses, she is then vilified....she agrees, she pays far more than she anticipated and it thus ties her in longer or reduces the capital Hearts have on the football front ?

Is this now a test of resolve and back to 'poker hands' then ? Or is that far too simplistic ?

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I think she could be in a position - post liquidation - to make a killing - excuse the pun.

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Originally Posted by Bostonhibby

Wonder if they will be allowed a second chance to buy the whole mess for what its really worth, after a proper current valuation has been done? In competition with anyone else who wants to make an open market offer of course. That's how a disposal of assets on behalf of creditors should be done.

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That is what I expect will happen at the end of the day.