Excellent post.Quote:
Originally Posted by the_ginger_hibee
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Excellent post.Quote:
Originally Posted by the_ginger_hibee
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I've already made 'a few' pledges :greengrinQuote:
Originally Posted by JHFC
Even if they were all yams 4000 out of 400,000 is poor, that fact that a good number of the pledges are bogus mean less that 1% of all windae lickers and banjo players are involved.
Brilliant! Don't be surprised if the Evening News are on the phone offering you a job, was better quality than anything they have published.Quote:
Originally Posted by the_ginger_hibee
Funny paint story aside, I went for a nap. (Nightshifts..:rolleyes:) Did they pay this bill then !?
It's his shop. Franco is the late Alfie's son.Quote:
Originally Posted by marti1875
Sound enough gadgie and enjoyed ripping the peace out him. To be fair he is taking it in good spirits. Still utterly outrageous thathe is still on a banning order and is due in court soon (maybe been very recently) and could face a lengthy ban. Not only that but he was taken straight to St Leonards and was refused medical attention for a number of hours until a sympathetic desk sergeant, who had been at the game, seen the incident and got him the doc. He was confirmed with concussion and needed a neck brace.
I know hertz have mair than their fair share of heid the baws! But heid the pitch is taking it to a whole new level of yamfuddery.
Would/does failure to pay this PAYE on time mean they'll get another signing ban?
The yams have pulled another fast one. They are doing HMRC steps as a wee homer for an extra 7 days to raise the cash. Just postponing the inevitable. :smug:
I think you should get your undercoat.:thumbsup:Quote:
Originally Posted by BOVRIL
Another lovely touch from the merrick's to add to the feel good factor.....The fact that whilst all their worry and speculation is ongoing, they paint the steps, a touching story which hopefully won't gloss over, or brush over their current plight......
Hopefully it will soon be a stairway to heaven for them, although we all know they will be nowhere near heaven:cb
Disappointed that none of the photoshop experts have had a go at that picture.
Painting steps - priceless.
I reckon they are at the lash and have payed it.
I'd say unlikely as they would have been screaming it from the rooftops if they had done.Quote:
Originally Posted by EdinMike
Either that or Cav is right and there was never a bill to begin with.
May I suggest that a Photoshop is done of said photo to show the freshly painted non slip steps as increments in a blue peter appeal style fundraising chart up to the debt total of 25 million.....Quote:
Originally Posted by Newhaven
Another addition to the Savilledome.
http://img694.imageshack.us/edit_pre...&action=rotate
I thought that was a spoof. Then I realised it was real. The result ? I spluttered my soup all down my shirt. Was it worth it ? Too right it was. Classic !Quote:
Originally Posted by Caversham Green
Quote:
Originally Posted by Treadstone
Sunday 10th of June 2013:confused:Quote:
Originally Posted by the_ginger_hibee
Apparently Steven Pressley has been spotted at tynecastle, I'm assuming he is there in talks to become the new mana........what?........sorry my bad.........it was just the dulux dug, easy mistake to make
Genius. :agree:Quote:
Originally Posted by the_ginger_hibee
Typical MSM if you ask me.Quote:
Originally Posted by Winston Ingram
1. we don't know that it's PAYE.Quote:
Originally Posted by 7062
2. we don't know that it's anything.
:greengrin
Why would there NOT be a bill?
If there Was a bill when was it to be paid by? Today?
You'll have to read back a few pages.Quote:
Originally Posted by hibs4thecup1988
That wouldn't surprise me in the slightest GQuote:
Originally Posted by Hermit Crab
Sent from my iPhone using Tapatalk
Dont believe a word you read in the paper...even the date :greengrinQuote:
Originally Posted by Winston Ingram
Save you the trawling...Quote:
Originally Posted by hibs4thecup1988
There is a suggestion (from an impeccable source:greengrin) that there is no debt to HMRC. The theory is that HMFC put the story out themselves to try and raise more cash from Season Ticket sales.
Superb!!! :top marksQuote:
Originally Posted by the_ginger_hibee
BARRY ANDERSON REPORTS -
Gorgie heroes efforts rewarded, first Tynie' Now 'Rocky' Steps! Exclusive picture from BarryReports(C) as Hearts Heroes unveil their next work
http://s24.postimg.org/efdgprbo5/whatnow.jpg
HEARTS unveil this years step painting budget...with a little help from Wogan -Quote:
Originally Posted by robinp
http://s10.postimg.org/be2koabqh/stepappeal.jpg
In fairness, those stairs look really bright. I actually think they've just kicked the H&S down the line. Come the late nights when the have to turn on the 100W bulb a lot of people will have difficulty navigating those stairs........Quote:
Originally Posted by cabbageandribs1875
100W? There they go again, spending beyond their means. :bitchy:Quote:
Originally Posted by Eire hibs
Quote:
Originally Posted by Eire hibs
:hmmm:......Which brings us back to the suggestion recently that maybe the hertz support could bequeath a legacy to the club on their demise
Quote:
Originally Posted by BOVRIL
I suppose that means we can't flog them Matt Done?
Found this on the other side regarding the missing shares,
"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."
"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."
The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.
Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.
Is that paragraph actually legal?!?!?! "We'll sell you shares in our company, but in no way, shape, or form must you be under the impression that you have a share in the company".Quote:
Originally Posted by greenpaper55
The shares are worthless a total scam. How no legal expert never brought this to the attention of the media or fans is beyond belief. The whole HMfC/Romanov is one of the great swindles of modern times. When this all comes to a head there is going to be some book on the whole story. I demand a Panorama special!Quote:
Originally Posted by greenpaper55
We need the closing chapters to be written though, so wouldn't mind the Lith authorities getting a shift on and killing off UKIO and UBIG.Quote:
Originally Posted by desantos0773
Quote:
Originally Posted by greenpaper55
Just wow
I might be reading this wrong, but all this appears to say to me is that there is no intention for the shares to be listed on any stock exchange or financial market. This is the same as the vast majority of companies in the UK.Quote:
Originally Posted by greenpaper55
One for Cavendish or CWG
Could this shares malarky be construed as fraud by the regulatory people that deal with this
Also,could charges be forthcoming if it is
When is a share not a share?Quote:
Originally Posted by hibs0666
One for the experts: if the shares aren't registered anywhere, and there's no market for trading them... how does that fit with the statement that the share issue was a step towards fan ownership?
The longer the share certificates remain unissued, the more likely that fraud has been committed. The regulatory people would be the police :greengrinQuote:
Originally Posted by poolman
As for the wording on the supposed "certificates", I am not sure there is a problem. Hearts are a PLC but, AFAIK, their shares aren't traded anywhere. So, in broad terms, that wording reflects the rest of the shares.
The market for trading the "shares" would be the private one, just as it is for most private companies and many public companies. If I want to sell shares in my company, I find a buyer.... I don't need to take them to any public market.Quote:
Originally Posted by matty_f
Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)
I don't think these things are in conflict. The yams shares (if they were ever issued) would be traded in exactly the same way as Hibs shares are traded i.e. via a financial bloke at the club.Quote:
Originally Posted by matty_f
:agree:Quote:
Originally Posted by CropleyWasGod
Including Hibs. If you want to buy shares in Hibs, you find someone who has some and acquire them from that holder. Alternatively you can write to Hibs, as there is one employee who passes on to applicants any shares that have been returned.
The potential offence with Hearts and their recent issue is the failure to comply with Companies Act 2006 s555 / s557 (registering allotment of shares). That should have been done within a month of when the share issue closed, just before Christmas. The penalty for that is only a fine though. That said, I'm not exactly sure why they haven't bothered to do this, other than saving some relatively minor administrative costs of compliance. Cock-up is far more likely than conspiracy IMO (like much else of their off-field management recently).
Quote:
Originally Posted by Ozyhibby
so entertaining! :hahaha::brokenyam:
Did they pay the 100k??!
No sod knows.Quote:
Originally Posted by Leishy1995
That's my bedtime reading sorted then :DQuote:
Originally Posted by Ozyhibby
Quote:
Originally Posted by CropleyWasGod
Cheers Crops
Quote:
Originally Posted by Part/Time Supporter
Hearts are registered as a PLC whereas Hibs are a limited company.
Does that make any difference how a new share issue should be managed ?
So did I!!Quote:
Originally Posted by JoeTortolanoFanClub
They can paint it all they like. As the saying goes, sprinkling glitter on dog's dirt doesn't make it any more beautiful!
That is an absolute stoater of a thread and the best 20 mins I've spent in ages HahaQuote:
Originally Posted by Ozyhibby
Very true, infighting. denial and accusatory insulting abound. Like the Rovers after a scandal - not that I watch that pi$h, often. :)Quote:
Originally Posted by Ozyhibby
A post from the said thread.Quote:
Originally Posted by Mon Dieu4
I'm not sure I understand what you mean mate. If you mean that the club has been mismanaged financially under Vlad then few could argue but we were up the creek before he arrived and we're up the creek now. The small matter of two Scottish cups and loads of other memories over the last ten years make it all worthwhile.Quote:
rudi, on 10 June 2013 - 06:17 PM, said:
What about the fans who have been desperately concerned about the club for years, hmmm, was it okay to have a right go at them when myself and others could see the bigger picture, but hey 5-1.
shares must be registered to HMfC to make them legal part of total capital otherwise they are not and worthless and not transferable.Quote:
Originally Posted by greenginger
Latest scotsman report states that the £110k is a shortfall in the 1st £500k tranch in payments to HMRC
Over to our financial gurus:flag:
Quote:
Originally Posted by bodoglimt
Oops that should be £100K
Is this new - it explains the £100k
Oh, pllllllllease let it be so!Quote:
Originally Posted by bodoglimt
"The small matter of two Scottish cups and loads of other memories over the last ten years make it all worthwhile."
This just shows you how deluded they are. The above is part of a post from kickback.
hearts have changed the words to their official anthem....
Away down in Gorgie at Tynecastle Park
There's a wee squad of painters that aye leave their mark
They've painted the stairs, the railings, the fence
Next thing they'll paint is the sign for The Gents
S.H.A.R.E.S. if you huvnae got yours, it's too late to protest
Vlad Vlad Glorious Vlad, its down in Russia he hides
The Talk of the Toon is the debt is due soon
And Auld Reekie is splitting its sides
Quote:
Originally Posted by WeeWendy
Kind of contradicts what was said at their AGM ie, that the payments for the £ 1.5 million due to Hector were to be made in monthly installments :confused:
But the Yam management never seem to know what day of the week it is anyway.
Quote:
Originally Posted by WeeWendy
:faf:Quote:
THE Foundation of Hearts is ready to make “a realistic bid”
Two fairy cakes and a chocolate eclair :agree:
Ian Murray The Member of Parliament for Edinburgh South slavered a load of pish. Did anybody on here actually vote for this plum? Is this the best way for an elected member of parliament tae be spending his time? I wonder if he spends as much time on issues of concern tae his constituents who lack the extra digits or those who have nae interest in fitba at all.
http://www.scotsman.com/sport/footba...onth-1-2961125
check it out:thumbsup:
If labour mp's at London parliament have enough time to run takeover bids for football clubs then it's time to get rid of Westminster. How much taxpayer money does this part timer trouser?
Too much!
How strange...he mentioned the 5-1 game. Ah well, I suppose the current mess was worth it eh? :faf:Quote:
Originally Posted by bodoglimt
If is part of the £1.5 m I'm sure that one of he conditions of the payment plan was that no more payments should be missed. The winding up order should therefore be for £1.5 m.Quote:
Originally Posted by bodoglimt
This ! They can't get away with this surely ! They are taking the piss now... :cbQuote:
Originally Posted by Andy74
Same here mate, comedy gold!Quote:
Originally Posted by Mon Dieu4
:spammy:excellent :greengrinQuote:
Originally Posted by Hibby70
According to this - http://www.scotsman.com/edinburgh-ev...ture-1-2938201 - "UBIG must submit a formal application for insolvency to Lithuanian courts within 30 days of Thursday’s (16th May) announcement. During that period, they can withdraw the application at any stage and return to normal trading".
Hopefully we will have news later in the week.
Their tax case thread is the same.Quote:
Originally Posted by Boydyhfc
It's just as well they are going to the wall as the last thing this lot will want to do by the end of the summer is all sit beside each other in a pink bus shelter.
Is it just me or does every bloody news report on that shambles of a club always throw up more questions than answers.Quote:
Originally Posted by bodoglimt
1. After going a week reporting 100k due for paye(questioned on here all week) it's now reported that it is a shortfall in the 1st payment of the 1.5m that was agreed for paye/nic's agreed in dec.
2. It's reported that the payment that was due was for 0.5m, which would indicate that the settlement was 3 yearly payment of that amount. However as recently as last week the payment plan has been said to be monthly instalments of between 40-50k. Which is it, it can't keep changing whenever it suits them.
3. Suddenly the payment deadline has moved back 24hrs. Why wait till now to release this news? (Rhetorical question btw I already know the answer.)
I for the life of me can't understand why the yams aren't being more proactive in demanding answers from the board. I know for a fact if the boot was on the other foot and we were in their situation there would be a demo outside Easter road demanding the truth. These stupid ****ers just seem to be accepting their fate and seriously deserve everything that is coming to them.
Almost forgot to say have a look at the responses to that news report. The 2nd reply to the first post is a beauty. Compares the FoH scheme to the fan ownership/membership that Barcelona have. What a bunch of fuds.
Sent from my iPhone using Tapatalk
[QUOTE=Mark1875;3637752]I for the life of me can't understand why the yams aren't being more proactive in demanding answers from the board. I know for a fact if the boot was on the other foot and we were in their situation there would be a demo outside Easter road demanding the truth. These stupid ****ers just seem to be accepting their fate and seriously deserve everything that is coming to them.
Simple - ask no questions and you'll be told no lies. :greengrin And they wouldn't like the truth.
ThisQuote:
Originally Posted by Mark1875
This
And this. :greengrin
They delisted after Romanov fully took over.Quote:
Originally Posted by greenginger
http://www.scotsman.com/sport/footba...today-1-688911
Well, it makes some sense that the payment would be due for the tax case, unlike PAYE. It was reported when the first payment was made in early May, therefore the next payment would have been due in early June. It also makes sense that the SPL haven't punished them yet, because their rules relate to ongoing PAYE whereas this case relates to taxes that should have been paid 5-6 years ago.Quote:
Originally Posted by bodoglimt
BUT the report contradicts their own accounts, which states that the amounts are due monthly. Therefore it isn't a case of them being due to pay £500K and being £100K short with the payment. If that had been the case they would have been chased for the shortfall weeks ago, because the debt would have arisen in early May.
http://www.scribd.com/doc/140824200/...counts-2011-12
BTW, I'm not convinced that HMRC will chase for the full balance of the tax case (up to £1.5M) in any petition rather than just the £100K outstanding. They know full well that if they chase for the full amount that will be the equivalent of a head shot because there is no way they would be able to pay that. Further to that HMRC know that if the petition then proceeds they would get nothing because all the proceeds of liquidation would go to Ukio, as security holder. Whereas a petition for just the £100K is likely to succeed in that Hearts will make every effort to pay that, even at the expense of missing the payroll due later this week (which would result in football sanctions from the SPL). Legally HMRC may be entitled to chase for the full amount but it wouldn't make great business sense to do so.Quote:
Note 3
Since the year end [30 June 2012] the company has settled a dispute with HMRC. The company has therefore recognised the settlement of £1,190K, interest due on this settlement of £227K and the related costs of £159K, in the current year. The amount due is payable in monthly instalments from May 2013 to April 2015 and interest of £85,000 will be added to the outstanding balance over the three years of repayment. Of the total of £1,576K, £242K is due within one year [before 30 June 2013] and £1,335K in greater than one year [after 30 June 2013] at the balance sheet date.
In your last sentence you said it wouldn't make great business sense to demand the full 1.5m, but hmrc were prepared to take the financial hit when they knocked back the cva from rangers and other clubs down south. Is there no chance that hmrc would just say that enough is enough and go for the full amount.Quote:
Originally Posted by Part/Time Supporter
Surely if there's indications that hearts couldn't either stick to the instalment plan or meet future tax bills then it doesn't make sense to allow them to trade as eventually the debt will just get worse again?
"£242k due before 30 June 2013." My take on that is that £121k is due for May and hasn't been paid.
I think the difference there is that Rangers (under Whyte) were undertaking a deliberate course of not paying their taxes, effectively using (and abusing) HMRC as a line of credit. Hearts have obviously had a poor record of paying HMRC on time, but I think it is fair to say that when they have had the cash available to pay HMRC they have done so.Quote:
Originally Posted by lord bunberry
In the Scotsman article they are telling us they expect that this £100k will be paid by the "end of the week". There is also the small matter of the wages to be paid.Quote:
Originally Posted by Part/Time Supporter
Jane Lewis@JaneLewisSport
#Hearts are unlikely to pay a £100,000 tax bill by a deadline or 5 O'Clock tonight, so HMRC will issue club with a winding up order.
http://www.thescottishsun.co.uk/scot...or-Jambos.html
Love this bit...It is understood that club chiefs still have high hopes of making the payment in time — despite the expected surge in season ticket sales having failed to materialise.
If this thread moves a bit slowly for you this is quite a decent read in between jambo banana skins.
http://www.fatf-gafi.org/media/fatf/...l%20Sector.pdf
There's quite a few scenario's painted that might seem familiar and it's fun teasing them out.
Very important information for anyone interested in football, so any Jamtard "5-1" looking in can pass on it.
Will this be enough to trigger a transfer ban?Quote:
Originally Posted by Www1875hfc
Is it? If that was the case, they wouldn't be £1.5million in debt to HMRC now if they had played by the rules like the rest of us do. Yet HMRC still get dicked about by Hearts with late payments and extended deadlines. Yes, they might eventually get their (our) money but there is also a good chance they will get 0 if Hearts take the Admin route.Quote:
Originally Posted by Part/Time Supporter
Unlikely, since (as PTS says above) this £100,000 relates to their tax case and not PAYE. IE, it's a legacy bill and not your day to day sort of thing.Quote:
Originally Posted by bingo70
While I confess to not being the brightest I would point out that note three talks of "monthly installments from May 2013 till April 2015" then later in the same sentence refers to "the three year period of repayment".Quote:
Originally Posted by Part/Time Supporter
I am quite sure I am missing something blindingly obvious but May 2013 till April 2015 is only two years in my book.
Anyone? :confused:
This is my take also, the amount owed is a drop in the ocean for HMRC and I think losing face or being seen to be weak/lenient with a company clearly unable to be run properly while still spending money they don't have, they must at some point take decisive action and with the latest breach of the payment plan they may well say enough is enough and call in the money, lets face it we all know they ain't ever going to get the full amount as admin is inevitable with the UBIG case this week.Quote:
Originally Posted by DaveF
This is the point the rest of the SPL have to get to grips with. Hearts are £100,000 light in tax payments yet they have 'signed' Danny Wilson.Quote:
Originally Posted by Mac
Other clubs need to grow a set and hammer these cheating *******.
Quote:
Originally Posted by DaveF
I'm not so sure that's a done deal!..........
All the reports I've seen say he has "agreed" a deal, but has his contract with Liverpool even expired?..
:agree: they have spent money they don't/ never have had, and like to make noises that they are spending so they will shift ST's.
All part of the big con methinks (as does most) It just has an awful reek about it now and I won't be losing sleep any time soon............ :wink:
Not sure we need an order from the HMRC to start winding the Yams up !
Personally I don't believe a word that comes from HoMFC or from the papers in this situation. So far the debt owed is between £95k and £121k was due to be paid last Monday but the 7 days is up today at 5pm. It seems that half the lies told aren't even true! They expect to pay the bill but not just yet, even though they have no money and salaries have to be made in this timeframe. As has previously been said there is a stench of rodent regarding this one. In their own wee world they probably think they are being quite smart and mischievious. In reality they are a busted flush who will cry 'wolf' one time too many. If this was 45 miles west the media would be camped on Southern and Fedupofus' doorstep yet the papers give a few inches to 'junior' reporters.
I know its been explained before but could one of the Financial Pro's on here clear up a couple of points that would arise in a Yam admin/liquidation.
Would the secured creditors ie the Liths get a say in appointing an administrator ?
Could a Yam leaning admin. flog the assets to FOH. or the like for say £ 2 million, takes his own fees and say to the Liths there you are, here is £ 1.75 m, thats the best we could get.
Can the secured creditors walk in and claim the lot and override any attempts by the Yams to have their own pet admin appointed ?
It falls in three financial years (year to 30/6/13, year to 30/6/14 and year to 30/6/15).Quote:
Originally Posted by Kaiser1962
why the hell did they paint the steps white?......
The white was on a 3 for 2 offer at B&QQuote:
Originally Posted by CRAZYHIBBY
Ian Black was needing something tae dae over the summer months. :agree:Quote:
Originally Posted by CRAZYHIBBY
IIRC the stadium is up as security for some of the lending, possibly even oversecured. You can't just complete a sale of a secured asset, if it does not clear the debt, unless lender agrees.Quote:
Originally Posted by greenginger
Bit like me flogging you my house and not paying off my mortgage when it sells. Its just not possible.