Share Transfers Agreed/Cooling off period

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Originally Posted by peterdouglas

The white knights are coming out of the woodwork

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Massone taking over would certainly be out of the frying pan into the fire.

I remember reading the exchanges with him on livilions forum at the time and he seemed well dodgy to me.
Bit of a loony but he'd fit in as he looks like an offender.

Worrying thing for the Saviles is the level of his bid is a good deal higher than the "Foundation" who have already wasted 2 years and are still making ridiculous offers for Hearts. They are a joke who can't be taken seriously...........much like most of the donations pledged today.

Excuse my financial ignorance but Hearts aren't in administration or liquidation yet are they,so asking Vlad to write off huge debts due to the bank etc is desperation surely.

Any successful bid would have to be in the region of a Craig Whyte 1p purchase but take on the debt, wouldn't it? Even then any bidder would be getting Hearts and stadium etc at a good price, no?

Our Vladimir, Who art in Kaunus
Hallowed be Thy Fame;
The taxman come,
Thy will be undone,
In Tynie *it is in Kaunus
Give us this day our daily headline
and forgive us our debts
as we forget those who warned against you;
and lead us not into liquidation,
but deliver us from admin. Y'ken

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Originally Posted by Spike Mandela

Excuse my financial ignorance but Hearts aren't in administration or liquidation yet are they,so asking Vlad to write off huge debts due to the bank etc is desperation surely.

Any successful bid would have to be in the region of a Craig Whyte 1p purchase but take on the debt, wouldn't it? Even then any bidder would be getting Hearts and stadium etc at a good price, no?

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The Foundation are clearly named after the mark achieved in Mathematics.

They claim they had the stadium valued at only £5m. Their argument is that due to Hearts being a financial basket case with expenditure still exceeding income, the value of the club is therefore down in the "lower millions".

They also want the club handed over debt free and clear of all outstanding HMRC obligations although they were amazingly generous and offered to pay the 450k - directly to HMRC.

In summary, they are timewasting dafties and have achieved the square root of fek all in 2 years.

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Originally Posted by DC_Hibs

The Foundation are clearly named after the mark achieved in Mathematics.

They claim they had the stadium valued at only £5m. Their argument is that due to Hearts being a financial basket case with expenditure still exceeding income, the value of the club is therefore down in the "lower millions".

They also want the club handed over debt free and clear of all outstanding HMRC obligations although they were amazingly generous and offered to pay the 450k - directly to HMRC.

In summary, they are timewasting dafties and have achieved the square root of fek all in 2 years.

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Yes, to stretch a metaphor about it, they're going all in with a short stack when all they've got to play is a couple of low number cards and hoping against hope for a straight. If they were at the Cas, the jacket would be on and they'd be standing up, waiting for the inevitable coup de grace from the croupier.

At the end of the day, they've certainly won a few hands during the course of the game: cant take that away from them. On the long walk home, they'll maybe find cold consolation in having raked a few pots over their rivals. The uncomfortable truth is they're the ones who are checking out early while their rivals are at the table with a comfy seat, a safe stack and still very much all to play for.

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Originally Posted by steakbake

Yes, to stretch a metaphor about it, they're going all in with a short stack when all they've got to play is a couple of low number cards and hoping against hope for a straight. If they were at the Cas, the jacket would be on and they'd be standing up, waiting for the inevitable coup de grace from the croupier.

At the end of the day, they've certainly won a few hands during the course of the game: cant take that away from them. On the long walk home, they'll maybe find cold consolation in having raked a few pots over their rivals. The uncomfortable truth is they're the ones who are checking out early while their rivals are at the table with a comfy seat, a safe stack and still very much all to play for.

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You could say ' they've had their chips'. :-)]

I wonder if the supporters of Kaunas and Partizan Minsk begged Vlad to clear the debt and hand over their club :dunno:

Will the owners of the Pinkerdome be docked points for their latest escapades?...

No.

What's the chances of a puddle drinker getting a receipt when they part with their dough? :cool2:

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Originally Posted by Steve20

No.

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If it is no, it's seems that the SPL will carry on offering paltry fines every time they come up with their latest balls up!

Bit dodgy eh? Next they will be saying no receipts

Cos everything they do is dodgy?

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Originally Posted by Steve20

No.

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They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

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Originally Posted by euansdad

Bit dodgy eh? Next they will be saying no receipts

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Considering you're not getting anything for your donation a receipt would be pretty pointless anyway.

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Originally Posted by euansdad

Bit dodgy eh? Next they will be saying no receipts

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Money for Nothing as Mark Knopfler sang

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Originally Posted by Winston Ingram

They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

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I thought they said the other day that there would be no sanctions this time.

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Originally Posted by Winston Ingram

They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

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Sure I read somewhere that as the players are wilfully deferring their wages Hearts have no comeback and are not subject to any sanction.

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Originally Posted by Winston Ingram

They'll have to sanction them somehow. 3rd missed salary payment this year. They aren't going to fine them, they're not going to kick them out the Scottish Cup as it will likely kill them, they aren't going to kick them out the league cup at the SF stage and a transfer ban is pointless.

They can't let it pass either as it sets a massive precedent so what will happen?

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If the players are willing to bend over and let the club do what they want then there is nothing the authorities can do. As long as everybody who decided not to accept a deferral of wages gets paid of course.

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Originally Posted by peterdouglas

Enough!
You have to be one of the most pessimistic individuals I have ever come upon!

For god sake man...you're the man from del monte's pissed off relative who insists on saying NO!

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Away to ****.

They said the other day that there would be no sanctions.

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Originally Posted by Mikey

I wonder if the supporters of Kaunas and Partizan Minsk begged Vlad to clear the debt and hand over their club :dunno:

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This is the bit I dont really get. Do the Yams really think that Vlad gives a ***** what happems to them? Seriously? The man has previous and if he does it in/to Kaunas, where he made his name and his companies are based, then he is not going to give a second thought to putting a cap in their ass.

If someone wants Hearts any bid to Vlad is going to have to be in the region of £8m -£10m (and thats with the debt, and a debt free club is going to take a bid of around £17m to even get Vlad's attention.

While its all very well to say it's only worth what someone is prepared to pay, and technically it's worth hee haw, it's equally true to say that its worth whatever Vlad wants it to be worth. Its his to do with whatever he wants and always was from the day Foulkes and Deans and Robinson welcomed the man as their saviour.

Vlad is selling and if they want to buy they will have to meet his valuation, if they dont he has shown elsewhere what he will do.

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Originally Posted by Kaiser1962

This is the bit I dont really get. Do the Yams really think that Vlad gives a ***** what happems to them? Seriously? The man has previous and if he does it in/to Kaunas, where he made his name and his companies are based, then he is not going to give a second thought to putting a cap in their ass.

If someone wants Hearts any bid to Vlad is going to have to be in the region of £8m -£10m (and thats with the debt, and a debt free club is going to take a bid of around £17m to even get Vlad's attention.

While its all very well to say it's only worth what someone is prepared to pay, and technically it's worth hee haw, it's equally true to say that its worth whatever Vlad wants it to be worth. Its his to do with whatever he wants and always was from the day Foulkes and Deans and Robinson welcomed the man as their saviour.

Vlad is selling and if they want to buy they will have to meet his valuation, if they dont he has shown elsewhere what he will do.

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aaaaaaaawww, so you mean baking him a nice cake, serving him a nice wee bowl of soup, painting his face if he wants.....and sending him begging letters, won't matter a jot?

poor wee yams
yams to the slaughter :-)

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Originally Posted by peterdouglas

Enough!
You have to be one of the most pessimistic individuals I have ever come upon!

For god sake man...you're the man from del monte's pissed off relative who insists on saying NO!

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Come on thats a bit harsh.

This is him on top of the world compared to a few months back when posting about Hibs prospects for this season!!

He reckons we could be safe from relegation now.

It's standard practice for merchant services providers - who supply the pin machines and processing for card transactions - to require some sort of indemnity or insurance for users who either don't have a track record or have doubtful credit worthiness. This is because people paying by card have a right to cancel the transaction and request a refund from the card providers first of all - eventually, the sums should be debited to the terminal user's account, i.e. the Yams.

Normally this indemnity will either be provided by the clearing bank that holds the main transactional account or, for larger trading entities, via the insurance market. The banks can justify it on the basis that they have a legal right - set-off - to debit sums due to their account and will normally hold some form of security. For very new trading entities, a cash deposit equivalent to the amount of the indemnity may be set aside in a pledged account.

I believe that they do still have a bank account with BoS but there is absolutely zero chance that BoS would be providing this indemnity, even if a cash deposit were pledged. If there is a cash deposit lying behind this somewhere, I would suspect it's been gobbled up on cashflow already. Presumably, the indemnity was being provided by Ukio Bankas or via insurance - in the first case, I can understand the merchant service provider saying that they've read the papers, so please try again lads. If insurance, that has to be paid for, so I guess it's been cancelled - though which party has done is uncertain. With the likelihood of an insolvency procedure increasing dramatically, then it's probably in the smallprint that the insurer could unilaterally cancel.

Of course, now that they are only accepting cash, there will be fees to be paid for paying that into their bank account :-)

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Originally Posted by SMAXXA

Sure I read somewhere that as the players are wilfully deferring their wages Hearts have no comeback and are not subject to any sanction.

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Wonder if Ryan Stevenson is one of the players who have agreed to deferral ?

Given his reason for leaving them previously

:boo hoo:

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Originally Posted by DC_Hibs

Come on thats a bit harsh.

This is him on top of the world compared to a few months back when posting about Hibs prospects for this season!!

He reckons we could be safe from relegation now.

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I bet you thought you were really funny when typing that out.

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Originally Posted by Mikey

I wonder if the supporters of Kaunas and Partizan Minsk begged Vlad to clear the debt and hand over their club :dunno:

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I hear what you're saying here Mikey but i have spoke to a jambo and it's different.

The exact conversation was :

Me - "You'se are f*****, he even shafted Kaunas and Minsk teams, teams he may have had some sort of emotional attachment to, why would he bother about Hearts?"

Jambo - "it's different though, we are Hearts and it's different.....it's just, ehm, different"

Seems pretty clear cut to me so i'll thank you to keep your petty Hobo agenda to yourself.

:greengrin

Steve20 is not being pessimistic or negative ......... He's just saying it as it is. The SPL have clearly said that they have no grounds for sanctioning Hearts as they are simply 'ammending contracts'. Unless they bring in rules to limit or stop the ammendment of contracts or the players withdraw their consent, it looks like the Jambos have carte blanche to do what they like with players' salaries.

The yams know this is a donation not an investment. Just giving money to Vlad

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Originally Posted by Smidge

It's standard practice for merchant services providers - who supply the pin machines and processing for card transactions - to require some sort of indemnity or insurance for users who either don't have a track record or have doubtful credit worthiness. This is because people paying by card have a right to cancel the transaction and request a refund from the card providers first of all - eventually, the sums should be debited to the terminal user's account, i.e. the Yams.

Normally this indemnity will either be provided by the clearing bank that holds the main transactional account or, for larger trading entities, via the insurance market. The banks can justify it on the basis that they have a legal right - set-off - to debit sums due to their account and will normally hold some form of security. For very new trading entities, a cash deposit equivalent to the amount of the indemnity may be set aside in a pledged account.

I believe that they do still have a bank account with BoS but there is absolutely zero chance that BoS would be providing this indemnity, even if a cash deposit were pledged. If there is a cash deposit lying behind this somewhere, I would suspect it's been gobbled up on cashflow already. Presumably, the indemnity was being provided by Ukio Bankas or via insurance - in the first case, I can understand the merchant service provider saying that they've read the papers, so please try again lads. If insurance, that has to be paid for, so I guess it's been cancelled - though which party has done is uncertain. With the likelihood of an insolvency procedure increasing dramatically, then it's probably in the smallprint that the insurer could unilaterally cancel.

Of course, now that they are only accepting cash, there will be fees to be paid for paying that into their bank account :-)

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The card holder can't just cancel the transaction, that's wrong. Debit card payments should be treated like cash, once the payment is agreed legitimately (I.e. with the card holder's authorisation) then payment is guaranteed to the merchant. If the card holder no longer wanted to go through with the sale then they need to go through the merchant (I.e. the yams).

Credit cards are slightly different but the principle is the same in that you can't just cancel the payment because you changed your mind.