Share Transfers Agreed/Cooling off period

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

Quote:

---

Originally Posted by Col2

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

---

April fool?

Quote:

---

Originally Posted by brog

Murray & BDO are trying to imply that Yams assets are worth less than the CVA offer. As the Lithuanians will receive less than £2m from the CVA this is stretching credulity. Personally I believe Budgie will end up buying PBS but it will be interesting to see how they market if!

---

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

Quote:

---

Originally Posted by keekaboo

Nein, ich glaube nicht.

In ganz Europa wird Deutch gesprochen! So hat die Angela gesagt.

---

Danke. Oh, and good luck.

Quote:

---

Originally Posted by greenginger

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

---

However would they find out, one asks. :rolleyes:

What do we think percent wise is more likely?

Genuine question likesay.

Quote:

---

Originally Posted by Desperate Dan

April fool?

---

Not really. I still think when it comes down to it they will squeeze it over the line. We may all be on our holidays when it takes place as I still think this has weeks to play out.

Don't get me wrong I am loving it:greengrin

Quote:

---

Originally Posted by greenginger

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

---

Important information

Quote:

---

Originally Posted by brog

Murray & BDO are trying to imply that Yams assets are worth less than the CVA offer. As the Lithuanians will receive less than £2m from the CVA this is stretching credulity. Personally I believe Budgie will end up buying PBS but it will be interesting to see how they market if!

---

Are BDO legally able to misrepresent or ignore the liquidated value of business and continue to chase a CVA, even if the value of assets has increased in the meantime i.e. are BDO quite at liberty to lie about what approach may be best for HMFC creditors ?

Quote:

---

Originally Posted by greenginger

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

---

Ewan Murray and Banderson stating on twitter that NB Distillers paid £600k for tynie school, ergo the piggery is only worth a wee bit more.

And that this is a central pillar to BJ strategy with the Liths.

Quote:

---

Originally Posted by Pray4Marc

If they do get liquidated, does that mean Germany win WW1?.

---

Germany will be awarded a 3 - 0 win, and the Treaty of Versaille will have to be re-drafted.

Quote:

---

Originally Posted by Onion

Are BDO legally able to misrepresent or ignore the liquidated value of business and continue to chase a CVA, even if the value of assets has increased in the meantime i.e. are BDO quite at liberty to lie about what approach may be best for HMFC creditors ?

---

Their secondary duty, after preserving the company as a going concern, is "achieving a better result for the company's creditors as a whole than would be likely if the company were wound up (without first being in administration)."

They sought to satisfy that requirement by advertising the assets for sale last year.

I go back to my previous point that it is the duty of the admins of UKIO and UBIG to assess the value of the assets by doing their own diligence, not by relying on the valuation provided by the seller.

Quote:

---

Originally Posted by Pray4Marc

If they do get liquidated, does that mean Germany win WW1?.

---

Haha brilliant. Stolen by the way. :D

Quote:

---

Originally Posted by Onion

Are BDO legally able to misrepresent or ignore the liquidated value of business and continue to chase a CVA, even if the value of assets has increased in the meantime i.e. are BDO quite at liberty to lie about what approach may be best for HMFC creditors ?

---

Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view.

Quote:

---

Originally Posted by greenginger

Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view.

---

Did he go into any detail about the Test Case or are Hearts the test case .i would rather they were a Basket Case to quote Green Day this concept of a Public Interest is also one that can be argued to suit the purpose .
What's the view from those with the knowledge on this

I couldn't help myself.

http://img.tapatalk.com/d/14/04/02/e9ygaten.jpg

Quote:

---

Originally Posted by Col2

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

---

i can now,locke mentioned about hearts position last week and it was strange timing,also its been how many months now and they havent really moved forward at all

shame cause i will miss them,like a hole in my head !!

Quote:

---

Originally Posted by Col2

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

---

If it's not sorted out either way at their meeting and the supporters are asked to keep them ticking over, they're going to have to dig really deep for the sort of money needed. If it comes to the crunch I wouldn't be surprised if a few mega-rich Jambos ( they are out there , I know one personally) who might be tempted to sacrifice a tidy sum, with an outside chance of it being repaid in the future, because of allegiance to their club. Realistically, I think it looks like curtains for them but a part of me suspects that they could somehow survive till the shares are available.

Quote:

---

Originally Posted by brog

Murray & BDO are trying to imply that Yams assets are worth less than the CVA offer. As the Lithuanians will receive less than £2m from the CVA this is stretching credulity. Personally I believe Budgie will end up buying PBS but it will be interesting to see how they market if!

---

I think Budgie will buy it from the Liquidators.

Quote:

---

Originally Posted by Dashing Bob S

The Fewco (Famous Newco)

---

Brilliant

Quote:

---

Originally Posted by Col2

I still think they will get through this by the skin of their teeth and nothing more. I think they ARE very worries but when it comes to it they will get fans to keep them going to season end and finally get CVA approved. I cant see The Famous being liquidated.

---

I can, a few days after their last fixture.

Quote:

---

Originally Posted by greenginger

That is totally untrue but what you would expect from those desperadoes.

Especially as N.B. Distillers have now been confirmed as the purchasers of the old Tynecastle school site which they intend to develop as an administration block for their own use and no doubt some additional space for sub-letting.

Part of this project will include the re-location of the Ethanol storage tanks which are the cause of COMAH restriction on the PBS site.

When completed, there will be a total of 6.12 acres of Yam land available for high density housing development at a value of not less than £12 million.

I am sure Jackson and any others of the Yam persuasion would not like this to become general knowledge. :greengrin

---

The Liths should be advised accordingly.

Quote:

---

Originally Posted by greenginger

Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view.

---

The test case is another football club with football debt.

There is no duty of care to the General Public unless it is a health and safety issue and not completing the fixture list could hardly be deemed a H&S issue.

Quote:

---

Originally Posted by Jim44

If it's not sorted out either way at their meeting and the supporters are asked to keep them ticking over, they're going to have to dig really deep for the sort of money needed. If it comes to the crunch I wouldn't be surprised if a few mega-rich Jambos ( they are out there , I know one personally) who might be tempted to sacrifice a tidy sum, with an outside chance of it being repaid in the future, because of allegiance to their club. Realistically, I think it looks like curtains for them but a part of me suspects that they could somehow survive till the shares are available.

---

That's part of their problem. They can't borrow money. Any money raised has to be donated.

Attachment 12335

Thought it best to capture this cracker from over the road in case it goes mammaries skyward. ....

"Don't know what all the worry is. By next week at this time things will all be sorted, believe me"

Sent from my GT-I9505 using Tapatalk

Quote:

---

Originally Posted by Dashing Bob S

Yes they will and it will be so amusing to see them battle away on this issue of pedantry that does them absolutely no good whatsoever.

I almost wish that the shares weren't frozen now, as they've contrived to lose with their own poor hand and terrible poker faces anyway, and there was no need for those trump cards to come out of the fridge. At least the Pompey shares will never get lonely.


But in the interests of sport, I'm happy to start those games and say: THE SHARES WERE NEVER REALLY FROZEN IN THE FIRST PLACE!

BOOM BOOM!

---

I never thought they were frozen either. I assumed it was a big hibs.net jambo wind up. I also think they should have been given the CVA for $2.5, thrown a special wildcard to stay in the Premier League and have a $50m stand built for them by ECC.

Quote:

---

Originally Posted by greenginger

Jackson on the radio this evening said that although he was nominally working on behalf of the creditors this was a case where public interest could over ride this. He also said there had been a test case to confirm this view.

---

Why do the Jambos have so much pubic interest?

Quote:

---

Originally Posted by GreenLake

Why do the Jambos have so much pubic interest?

---

I blame Rix

Quote:

---

Originally Posted by Waxy

They could all stick a euromillions on.Looks like the best realistic chance they have.

---

They could try the Hibs Lotto, £5m would go a long way.

Quote:

---

Originally Posted by GreenLake

Why do the Jambos have so much pubic interest?

---

Hair today gone tomorrow!!!

Quote:

---

Originally Posted by Green Blood

Hair today gone tomorrow!!!

---

:top marks

I just have this gut feeling that there will be no meeting next monday.It'll be postponed for a month or so because of legal issues.Just a gut feeling.

Quote:

---

Originally Posted by Waxy

I just have this gut feeling that there will be no meeting next monday.It'll be postponed for a month or so because of legal issues.Just a gut feeling.

---

Pass on my regards to your guts. I think me and them might get along. :greengrin

All this would be much more interesting had we actually turned up and done something on Sunday...