Share Transfers Agreed/Cooling off period

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Originally Posted by desantos0773

Furthermore in any CVA vote secured creditors are given a proportion of the debt that their debts exceed the value if the assets of the CVA company. Ukio/UBIG are owed at least £25m And the value of the assets is around £8m so Ukio/UBIG are deemed to be owed £25m - £8m or £17m which is easily more than 75% of the debt of all the unsecured.

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You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

Found this on Kickback.
This bloke appears to understand but his post has been totally ignored and I suspect he will be banned promptly.

livingstonjambo, on 02 July 2013 - 05:44 PM, said:
Im pretty sure the Lithuanian government has frozen all of Romanov assets and would be able to sell them if they wished.

TheMaganator, on 02 July 2013 -
05.54 PM
Not without legal proceedings, I would not have thought.

The authorities here can freeze your assets and literally take the money out of your back pocket if they have reason to believe they are ill-gotten gains. But the punter would still have the opportunity to challenge the decision.

Granted, Lithuania is not Scotland but I doubt they can just freeze assets and sell them without legal proceedings. I could be wrong though.

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Originally Posted by Ozyhibby

Found this on Kickback.
This bloke appears to understand but his post has been totally ignored and I suspect he will be banned promptly.

livingstonjambo, on 02 July 2013 - 05:44 PM, said:
Im pretty sure the Lithuanian government has frozen all of Romanov assets and would be able to sell them if they wished.

TheMaganator, on 02 July 2013 -
05.54 PM
Not without legal proceedings, I would not have thought.

The authorities here can freeze your assets and literally take the money out of your back pocket if they have reason to believe they are ill-gotten gains. But the punter would still have the opportunity to challenge the decision.

Granted, Lithuania is not Scotland but I doubt they can just freeze assets and sell them without legal proceedings. I could be wrong though.

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They're both half-right. Don't think the Lith government can sell the assets.

Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds:flag:

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Originally Posted by sidneyhibbie

Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds:flag:

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If you read Hibs.net properly, you'd have got the information about the rates for the PBS. :greengrin They don't pay rates for HWU.

What's the basis of your complaint about BDO?

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Originally Posted by CropleyWasGod

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

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Isn't the "secured" debt only secured if the realisable value of the secured assets exceed the outstanding secured debt!? :dunno:

To the extent that the secured debt exceeds the realisable value of the related secured assets, I think that the excess debt is regarded as unsecured in an insolvency situation! :confused:

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Originally Posted by TornadoHibby

Isn't the "secured" debt only secured if the realisable value of the secured assets exceed the outstanding secured debt!? :dunno:

To the extent that the secured debt exceeds the realisable value of the related secured assets, I think that the excess debt is regarded as unsecured in an insolvency situation! :confused:

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So how do you establish the realisable value of the assets without realising them?:greengrin

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Originally Posted by CropleyWasGod

If you read Hibs.net properly, you'd have got the information about the rates for the PBS. :greengrin They don't pay rates for HWU.

What's the basis of your complaint about BDO?

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The Wilson signing adding too their costs and not in interest of creditors Sidney has been busy reading up BDO Have broken rules.

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Originally Posted by Sergey

In simplistic terms, the ground and shares are akin to our 'Proceeds of Crime Act' and won't be dissolved until charges are brought and the case is resolved against Vlad and his merry bunch of cohorts. Given that Vlad is holed-up in Chechnya with an international arrest warrant in place, I don't see this sorting itself out in the foreseeable.

Years and not months by my reckoning.

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I've thought for a long time that Hearts won't be sold for this very reason, liquidated and a totally new club being set up by one of the FOH esque groups seems likely...

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Originally Posted by sidneyhibbie

The Wilson signing adding too their costs and not in interest of creditors Sidney has been busy reading up BDO Have broken rules.

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Read Hibs.net. Collectively, over the course of the Rangers and Hearts sagas, we have explained the situations so much better than the MSM. :greengrin

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Originally Posted by Dashing Bob S

What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)

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I've heard that he's offered to work for free as a physiotherapist for the Hearts youth team.

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Originally Posted by sidneyhibbie

The Wilson signing adding too their costs and not in interest of creditors Sidney has been busy reading up BDO Have broken rules.

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Your last couple of posts caught my interest. Are you Peter Mullen's character in Alfonso Cuaron's film "Children of Men"? :greengrin

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Originally Posted by Corstorphine Hibby

I've heard that he's offered to work for free as a physiotherapist for the Hearts youth team.

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Nah he's joining as Head of Social Media...

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Originally Posted by The Green Goblin

Your last couple of posts caught my interest. Are you Peter Mullen's character in Alfonso Cuaron's film "Children of Men"? :greengrin

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It only took a few seconds but when I remembered, I laughed.

:top marks

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Originally Posted by sidneyhibbie

Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds:flag:

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I'm always a bit wary of folk that talk about themselves in the 3rd person. ;-)

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Originally Posted by HUTCHYHIBBY

I'm always a bit wary of folk that talk about themselves in the 3rd person. ;-)

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HibeeMG agrees with this

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Originally Posted by CropleyWasGod

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

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That is the regulation concerning CVAs.

The position of secured investors is outlined here showing that secured investors get a vote in round one based on how much the value of their debt exceeds the value of the assets the debt is secured on.

http://www.purnells.co.uk/limited-co...creditors.html

Interesting!! My "mole" inside FoH gave me my standard regular update on their finances and business model just now:

No-one won last nights EuroMillions so Fridays jackpot is £22m. They've got Friday then (in the unlikely event of not winning that) they'll still have next Tuesday's draw before the 12 July bdo deadline.

So close...

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Originally Posted by Springbank

Interesting!! My "mole" inside FoH gave me my standard regular update on their finances and business model just now:

No-one won last nights EuroMillions so Fridays jackpot is £22m. They've got Friday then (in the unlikely event of not winning that) they'll still have next Tuesday's draw before the 12 July bdo deadline.

So close...

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:greengrin

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Originally Posted by Springbank

Interesting!! My "mole" inside FoH gave me my standard regular update on their finances and business model just now:

No-one won last nights EuroMillions so Fridays jackpot is £22m. They've got Friday then (in the unlikely event of not winning that) they'll still have next Tuesday's draw before the 12 July bdo deadline.

So close...

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I would love to win that and announce that I was a jambo and was going to save hearts, then at the last minute tell them they were getting nowt.

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Originally Posted by CropleyWasGod

So how do you establish the realisable value of the assets without realising them?:greengrin

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And here's me thinking that you were the accountant too!??! :greengrin

In reality, I imagine by independant or otherwise objective valuation (of assets and liabilities until realised or proven respectively) for the purposes of decision making in insolvency situations before asset disposals are completed would be the way it's done! :confused:

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Originally Posted by The Green Goblin

Your last couple of posts caught my interest. Are you Peter Mullen's character in Alfonso Cuaron's film "Children of Men"? :greengrin

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Yea, I picked up on that too. He takes a dull one to the face with a breeze block. Ouch!

J

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Originally Posted by TornadoHibby

And here's me thinking that you were the accountant too!??! :greengrin

In reality, I imagine by independant or otherwise objective valuation (of assets and liabilities until realised or proven respectively) for the purposes of decision making in insolvency situations before asset disposals are completed would be the way it's done! :confused:

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Alternatively you can follow the Rangers/Sevco template.........

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Originally Posted by TornadoHibby

And here's me thinking that you were the accountant too!??! :greengrin

In reality, I imagine by independant or otherwise objective valuation (of assets and liabilities until realised or proven respectively) for the purposes of decision making in insolvency situations before asset disposals are completed would be the way it's done! :confused:

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That cleared it up for me. :Ummm:

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Originally Posted by Newry Hibs

I see the new season kicks off on August 10th - 6 weeks away. Surely if an East Sevco want to be part of it they need to apply now to Div 3. This time last year there was at least Team 12 in the fixtures.

I wouldn't want to be any of the teams that would be 'rewarded' by a sudden promotion this close to the start of the season whteher it was because there is HOMFC at all or a newco.

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Neither would I want to be the SPL finance director, if they have accepted the yams' request for an advance of next season's TV money. :greengrin

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Originally Posted by CropleyWasGod

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available :greengrin

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Re this and subsequent...

It used to be the case that a secured creditor would not get a vote in a CVA because they could deal with the assets and security separately and it was up to them to ensure that the debt didn't exceed the value of the assets. I thought that was still the case but according to the link posted by desantos0773 (and by another poster previously) that was changed very recently (2003 :rolleyes:) and now any debt that exceeds the asset value does fall into a CVA vote. I think this could create more problems than it solves because a valuation is always spurious unless it's tested on the market and that leaves the allocation of secured/unsecured debt open to challenge from whichever side it suits.

One point about the Purnells link - It describes specific circumstances that don't match the Yams case, so I'm on the fence again, but my legs are dangling on the Purnells side.

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Originally Posted by Caversham Green

Re this and subsequent...

It used to be the case that a secured creditor would not get a vote in a CVA because they could deal with the assets and security separately and it was up to them to ensure that the debt didn't exceed the value of the assets. I thought that was still the case but according to the link posted by desantos0773 (and by another poster previously) that was changed very recently (2003 :rolleyes:) and now any debt that exceeds the asset value does fall into a CVA vote. I think this could create more problems than it solves because a valuation is always spurious unless it's tested on the market and that leaves the allocation of secured/unsecured debt open to challenge from whichever side it suits.

One point about the Purnells link - It describes specific circumstances that don't match the Yams case, so I'm on the fence again, but my legs are dangling on the Purnells side.

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... and that may be very important in this case. If a bidder says £xm for the secured creditors, and y pence/£ for the unsecured, the arguments between the UKIO and UBIG reps might take a while. Which would be nice.

Cheers for the clarification.

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Originally Posted by YehButNo But

That cleared it up for me. :Ummm:

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I think it means .. they guess. :greengrin

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Originally Posted by StevieC

I think it means .. they guess. :greengrin

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What it means is.... " we are professionals, and we can therefore use big long technical words that nobody else understands... which then justifies us charging you minions enormous amounts of money, 'cos you think we must know what we're talking about."

:wink:

What happened to Fish? Is he bailing them out or what?

:confused:

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Originally Posted by jacomoseven

What happened to Fish? Is he bailing them out or what?

:confused:

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What happened to his thread? I take it he got fed up with the abuse :confused:

Heard he was hoping to raise half a marillion £s tae :cb

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Originally Posted by Coco Bryce

What happened to his thread? I take it he got fed up with the abuse :confused:

Heard he was hoping to raise half a marillion £s tae :cb

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It's in the dugout

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Originally Posted by Coco Bryce

What happened to his thread? I take it he got fed up with the abuse :confused:

Heard he was hoping to raise half a marillion £s tae :cb

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I know it's petty and cruel and i'm taking it out on the wrong things,but i never fed my fish last night.You know who to blame.

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Originally Posted by jacomoseven

What happened to Fish? Is he bailing them out or what?

:confused:

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Fish is a Hibby. I wouldn't suggest otherwise to his face that's for sure.

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Originally Posted by Greendrongo

I know it's petty and cruel and i'm taking it out on the wrong things,but i never fed my fish last night.You know who to blame.

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F*****g LOL!!!!!!!!!

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Originally Posted by CropleyWasGod

... and that may be very important in this case. If a bidder says £xm for the secured creditors, and y pence/£ for the unsecured, the arguments between the UKIO and UBIG reps might take a while. Which would be nice.

Cheers for the clarification.

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Yeah, but Ukio Bankas was appointed Security Trustee when the debt was split and I thought it allowed Ukio, now through their Admin. to split the cake as he sees fit.

No doubt everything will end up with Ukio Bankas so I can't see anyone fighting over the offer.

Just hope the Merricks try and get the HOMFC carcass on the cheap and that really p!sses off the admin. who consigns the lot to the mincer.

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Originally Posted by greenginger

Yeah, but Ukio Bankas was appointed Security Trustee when the debt was split and I thought it allowed Ukio, now through their Admin. to split the cake as he sees fit.

No doubt everything will end up with Ukio Bankas so I can't see anyone fighting over the offer.

Just hope the Merricks try and get the HOMFC carcass on the cheap and that really p!sses off the admin. who consigns the lot to the mincer.

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You're probably right, of course. But, we pedants like to fight over every line. It helps to bump up the fees.:greengrin

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Originally Posted by CropleyWasGod

....

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Originally Posted by CropleyisGod

....

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Am I the only one a bit confused / suspicious?

:hmmm:



Would the REAL Cropley the Accountant please stand up!

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Originally Posted by keekaboo

Am I the only one a bit confused / suspicious?

:hmmm:



Would the REAL Cropley the Accountant please stand up!

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Um.... I was hoping this wouldn't cause a stir.

The paranoid me says he's a Yam Troll, on a mission to discredit me. I'd say that there are much easier ways of doing that. :greengrin

The rational me says that he is a disciple of the greatest left-peg I have ever seen in a Hibs shirt.:cb

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2

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Originally Posted by Eternal Hibbie

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.

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Jamie Borthwick ‏@jamiekborthwick29m
BDO having the media over for a chat at Tynecastle at 2pm. Almost two weeks since Hearts hit admin - has the forecast improved?

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Originally Posted by Eternal Hibbie

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2

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http://www.dailyrecord.co.uk/sport/f...ticket-2020967
I thought everything was okay though as they got to keep Wilson??? :na na:

They've got these friendly matches lined up too. We were told these would be full to capacity with the baked cakes selling out (wee fat robbo loves cake) so surely #allisbarry?

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Originally Posted by CropleyWasGod

Um.... I was hoping this wouldn't cause a stir.

The paranoid me says he's a Yam Troll, on a mission to discredit me.

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He's not done a very good job then - he joined in 2003.

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Originally Posted by Eternal Hibbie

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2

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Quote:

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Originally Posted by Treadstone

Jamie Borthwick ‏@jamiekborthwick29m
BDO having the media over for a chat at Tynecastle at 2pm. Almost two weeks since Hearts hit admin - has the forecast improved?

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Originally Posted by kdhibees1

http://www.dailyrecord.co.uk/sport/f...ticket-2020967
I thought everything was okay though as they got to keep Wilson??? :na na:

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THE TICK TOCK O' THE TOON! :faf:

I can see us dancing in the streets of Raith! :agree: :thumbsup: :pfgwa :thumbsup: :scarf::fenlon:giruy:

See they are now doing stadium tours at £6 a pop. That will raise a lot............

£6 well spent

"over there is a stand we don't own.
And over there is another stand we don't own.
Over there is where the 5-1 1902 hobos sit (cue cheers) in a stand that, you got it, we don't own.
And finally here's a stand that is unsafe.
And we don't own it either"

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Originally Posted by green glory

Fish is a Hibby. I wouldn't suggest otherwise to his face that's for sure.

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He was arguing for a merger with Hearts ten years ago if I recall correctly.

From EEN.

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Hearts, who were placed in administration at the end of last month, will travel to England for free after a bus was laid on by local company Charlie Irons, and Locke admitted that the club would not have been able to travel south for the match otherwise.
He added: “The financial situation at the club means that there is no way we would have had the money to go splashing out on a team bus to take us to Manchester.
“Fortunately for us, Charlie has come in and offered to take us there and back for free, which is a fantastic gesture.

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Surprised they are not selling spare seats, or maybe it's a mini bus.

Hearts are a shambolic, sad excuse of a football club.

The really sad thing (and i mean this) is there are poor fans out there who are struggling to make ends meet and instead of supporting their families, they are paying money to footballers who are earning multiples of what they earn.

It is really sickening if im being honest.

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Originally Posted by Springbank

£6 well spent

"over there is a stand we don't own.
And over there is another stand we don't own.
Over there is where the 5-1 1902 hobos sit (cue cheers) in a stand that, you got it, we don't own.
And finally here's a stand that is unsafe.
And we don't own it either"

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"And here, oh watch out for that rain coming through, oh and please ignore those fine strands of asbestos.

Davie here is selling a fuine range of umbrellas and facemaske at £4 and £6 respectively, all proceeds go to Lithuania.

Dig deep guys, we are the Big Team, 5-1, 1902, killed the Hibs, etc."

J

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Originally Posted by Eternal Hibbie

This morning's Record -

"Fresh fears for Hearts as season ticket sales hit the buffers"

Excellent, big team my ass.


Sent from my GT-I9300 using Tapatalk 2

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I read that article and thought it was yet another 'Headline-detached-from-story'.

Nothing in the article suggested anyone had new fears or related the lack of sales to impending doom. The article writer was actually trying to put a faintly positive slant on their fund raising.


Disclaimer: I'm not saying #allisbarry, just that the article/headline was a bit pointless

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Originally Posted by jgl07

He was arguing for a merger with Hearts ten years ago if I recall correctly.

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Maybe he needs to keep the yam support onside to help sales.....

I also see the yams have charlie irons to thank for free transport to play some friendly down south. Gary Cocke was saying how grateful he was as without the offer they wouldn't be able to play the game.....why cant they be like any other amateur team and go down in cars ?.......

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Originally Posted by Dunderhall

From EEN.



Surprised they are not selling spare seats, or maybe it's a mini bus.

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Pleasingly they didn't say that there's a bus to bring them back :greengrin

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Originally Posted by Dunderhall

From EEN.



Surprised they are not selling spare seats, or maybe it's a mini bus.

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http://i44.tinypic.com/29bbsrq.jpg


Free buses for tax dodgers :bitchy If ever I need a coach it winnae be fae them.

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Originally Posted by PatHead

See they are now doing stadium tours at £6 a pop. That will raise a lot............

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Originally Posted by Springbank

£6 well spent

"over there is a stand we don't own.
And over there is another stand we don't own.
Over there is where the 5-1 1902 hobos sit (cue cheers) in a stand that, you got it, we don't own.
And finally here's a stand that is unsafe.
And we don't own it either"

---

:faf: Bye bye Dumbos! :thumbsup:

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Originally Posted by SkintHibby

Hearts are a shambolic, sad excuse of a football club.

The really sad thing (and i mean this) is there are poor fans out there who are struggling to make ends meet and instead of supporting their families, they are paying money to footballers who are earning multiples of what they earn.

It is really sickening if im being honest.

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I honestly cant see anything other than liquidation and a start in the lowest division - all without as much as a whimper.
No amount of fundraising will keep them in the SPL - they need a multimillion pound injection and a great deal of luck. They need a free buss FFS to get them to friendly matches.
Derby fixtures will be put on hold for some years (I wouldn't count on them coming straight back up).

They'll still exist, with a far smaller base of die-hard supporters, still call themselves HoMFC.

In the mean time, they've bled the genuine supporters dry and they've no money left to buy anything next season and it'll take them years to build any savings back up and pay of personal debts.

Just been reading the Lithuanian president's priorities (in the Lithuania Tribune online) now her country has become president of the EU for the next six months. Not a word abouit saving the Hearts from going into liquidation as Ian (I'm a MP) Murray would have us believe.


http://www.lithuaniatribune.com/cate...-presidency-2/

Quote:

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Originally Posted by SkintHibby

Hearts are a shambolic, sad excuse of a football club.

The really sad thing (and i mean this) is there are poor fans out there who are struggling to make ends meet and instead of supporting their families, they are paying money to footballers who are earning multiples of what they earn.

It is really sickening if im being honest.

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And it is people like John Robertson and Gary MacKay (both very well off) that should be held responsible if this whole thing collapses. They're the ones who pushed the share issue and are enticing people to part with money they might not be able to afford. And BDO have their own self interest in wrestling money out of Yam Fan hands - bet a lot of it goes to pay them. The whole thing stinks and in any other industry would be labelled a scam.

Hope they remember to apply for tax credits.
Deadline is 31st July i think.

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Originally Posted by Onion

And it is people like John Robertson and Gary MacKay (both very well off) that should be held responsible if this whole thing collapses. They're the ones who pushed the share issue and are enticing people to part with money they might not be able to afford. And BDO have their own self interest in wrestling money out of Yam Fan hands - bet a lot of it goes to pay them. The whole thing stinks and in any other industry would be labelled a scam.

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aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrrrr rrrrgh

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Originally Posted by jonty

I honestly cant see anything other than liquidation and a start in the lowest division - all without as much as a whimper.
No amount of fundraising will keep them in the SPL - they need a multimillion pound injection and a great deal of luck. They need a free buss FFS to get them to friendly matches.
Derby fixtures will be put on hold for some years (I wouldn't count on them coming straight back up).

They'll still exist, with a far smaller base of die-hard supporters, still call themselves HoMFC.

In the mean time, they've bled the genuine supporters dry and they've no money left to buy anything next season and it'll take them years to build any savings back up and pay of personal debts.

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A declarable business benefit and taxable ? I hope the tax man is keeping an eye on all the freebees that are being chucked their way :cb

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Originally Posted by Craig_in_Prague

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrrrr rrrrgh

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:greengrin:greengrin My thoughts exactly when i saw that :greengrin

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Originally Posted by Craig_in_Prague

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrrrrr rrrrgh

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Take it I'm behind the curve on this point :greengrin

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Originally Posted by Onion

Take it I'm behind the curve on this point :greengrin

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They can't take a fee until they've been sold

If Hearts can't afford the bus fare to Manchester how are they going to get to N Ireland in a few weeks & where will they stay, will they be sleeping rough. :lolyam:

I suppose they could hitch a lift from any fans travelling over.

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Originally Posted by HibeeMG

It only took a few seconds but when I remembered, I laughed.

:top marks

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:greengrin made me laugh too. Cheers

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Originally Posted by Desperate Dan

http://i44.tinypic.com/29bbsrq.jpg


Free buses for tax dodgers :bitchy If ever I need a coach it winnae be fae them.

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It gives him free advertisement for his coach company... This is what big clubs get, free travel and all the trimmings..... :greengrin

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Originally Posted by Dunderhall

From EEN.



Surprised they are not selling spare seats, or maybe it's a mini bus.

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So is that them officially huns without the bus fare?

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Originally Posted by Greendrongo

They can't take a fee until they've been sold

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That's not strictly true. They've simply said they won't draw a fee before the property/business is sold. They need to have all fees authorised by creditors in any case. Expect to see a fee request when they send proposals to creditors.

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Originally Posted by Onion

And it is people like John Robertson and Gary MacKay (both very well off) that should be held responsible if this whole thing collapses. They're the ones who pushed the share issue and are enticing people to part with money they might not be able to afford. And BDO have their own self interest in wrestling money out of Yam Fan hands - bet a lot of it goes to pay them. The whole thing stinks and in any other industry would be labelled a scam.

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Medals and Fatty were at the fore front when they raised all the money for the Fraud last year how can people be so stupid as to get reeled in twice. When it all goes wrong again and they get Liquidated how can these people look at themselves in the mirror ?

Sidney would never fall for a scam like this but i live in the real world not yam land. Time for a nice letter of complaint to be written to the Police reminding them that they have not been paid and too request that they provide no more services till the 25k dept is paid.

Sidney is on a roll now.:aok:

Just looking at all Hearts pre-season fixtures and every one is away from home which seems strange when they could do with the income from a game at Tynie.

Make me wonder if there is a good reason that they cannot play any games at their own ground. :dunno:

It costs money up front to put on a game at Tynie. Policing/stewarding costs etc.

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Originally Posted by YehButNo But

Just looking at all Hearts pre-season fixtures and every one is away from home which seems strange when they could do with the income from a game at Tynie.

Make me wonder if there is a good reason that they cannot play any games at their own ground. :dunno:

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I think they fixed up most of their pre-season schedule (well) before administration. Locke said in the papers that they were talking to teams about the possibility of a "glamour friendly" at the PBS but most other clubs have their own fixtures booked up already.

Hearts probably couldn't guarantee that they'd be around to play the games. No 'big name' club is going to send their fans and team to Edinburgh then find out its been cancelled leaving them out of pocket.

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Originally Posted by Part/Time Supporter

I think they fixed up most of their pre-season schedule (well) before administration. Locke said in the papers that they were talking to teams about the possibility of a "glamour friendly" at the PBS but most other clubs have their own fixtures booked up already.

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Yes, its the football equivalent of the girlfriend you ask out 'washing her hair tonight'. Hearts are now known to be lying, incompetent, graceless, chancers and no club will go out of their way to help an organisation that will try and stiff them for even the minimum guarantee. I think the football world is pretty much finished with this basket case.

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Originally Posted by jonty

Hearts probably couldn't guarantee that they'd be around to play the games. No 'big name' club is going to send their fans and team to Edinburgh then find out its been cancelled leaving them out of pocket.

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You just took the words out of my mouth...

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Originally Posted by Gatecrasher

So is that them officially huns without the bus fare?

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YAAAASSSSSSSSSS..........:thumbsup:

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Originally Posted by sidneyhibbie

Medals and Fatty were at the fore front when they raised all the money for the Fraud last year how can people be so stupid as to get reeled in twice. When it all goes wrong again and they get Liquidated how can these people look at themselves in the mirror ?

Sidney would never fall for a scam like this but i live in the real world not yam land. Time for a nice letter of complaint to be written to the Police reminding them that they have not been paid and too request that they provide no more services till the 25k dept is paid.

Sidney is on a roll now.:aok:

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Stop now will ya?

You made an erse of yourself on the Heriot Watt thread, try not to do it here also.

I suggest that a letter to any kind of authority should be thoroughly spell-checked before sending, by the way.

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Originally Posted by YehButNo But

Just looking at all Hearts pre-season fixtures and every one is away from home which seems strange when they could do with the income from a game at Tynie.

Make me wonder if there is a good reason that they cannot play any games at their own ground. :dunno:

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I am curious to who is paying for their trip to Northern Ireland ? Flights / buses / hotel / food ?

This is turning out to be one of the best off season's ever - never a dull moment with the yams about.

Wonder what tomorrow's story in the Evening News will be...:greengrin

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Originally Posted by GreenStar

I am curious to who is paying for their trip to Northern Ireland ? Flights / buses / hotel / food ?

This is turning out to be one of the best off season's ever - never a dull moment with the yams about.

Wonder what tomorrow's story in the Evening News will be...:greengrin

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I imagine that they will be due a fee for their appearance in this tournie which will probably cover all these costs, otherwise they would have to have pulled out by now.

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Originally Posted by HibeeMG

Stop now will ya?

You made an erse of yourself on the Heriot Watt thread, try not to do it here also.

I suggest that a letter to any kind of authority should be thoroughly spell-checked before sending, by the way.

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:applause:

His enthusiasm is great though but i tend to :agree:

Will the bdo press conference be that? Or is it a thing we have to wait hours and hours to hear the results of?

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Originally Posted by Seanduff

Will the bdo press conference be that? Or is it a thing we have to wait hours and hours to hear the results of?

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It'll just be a general update along the lines of season ticket sales went well, some other sources of cash in as well, keeps them going for a few weeks, still talking to interested parties, deadline set, still trying to ascertain full picure, particularly in relation to Lithuania, ask the fans to keep buying season tickets and single game tickets for the first three big games etc. etc.

Whens the 2 week season ticket please over, this Friday?

methinks Sidney is a bit of a dork, possibly even a cockwarbler.

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Originally Posted by Andy74

It'll just be a general update along the lines of season ticket sales went well, some other sources of cash in as well, keeps them going for a few weeks, still talking to interested parties, deadline set, still trying to ascertain full picure, particularly in relation to Lithuania, ask the fans to keep buying season tickets and single game tickets for the first three big games etc. etc.

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If that's not their bullet-points then I'll be very surprised.

From the brokenback forum... I really am staggered at the audacity these people have, to come out with such posts. I am however happy to see that we (Hibby's), are obviously never far from their minds... :greengrin



Posted Today, 12:31Just a wonder with all the news stories that the EEN and Scotsman have had from us in the past few years and all the extra papers they have sold (all be it to the hobos) What if any financial contributions to Save our Hearts. or as I suspect just like the vultures they are circling around and hoping to pick the bones.....just another Edinburgh business that over the years have benefited from Heart of Midlothian but gave nothing in return..... There's thousands out there we should name and shame them......

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Originally Posted by Lucius Apuleius

methinks Sidney is a bit of a dork, possibly even a cockwarbler.

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Keekaboo thinks so, as he always does about anyone referring to themselves in the third person


Oh and don't you mean 'cockwomble'? :greengrin

I see on the HMFC Official site that they are asking fans who reserved season ticket seats to pay up by Sunday.

I wonder how many of their quoted sales have actually still to be paid :dunno:

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Originally Posted by HibeeMG

Stop now will ya?

You made an erse of yourself on the Heriot Watt thread, try not to do it here also.

I suggest that a letter to any kind of authority should be thoroughly spell-checked before sending, by the way.

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:greengrin

The enthusiasim is highly admirable, however I really hope Sidney has better things to do with his time rather than writing all these letters to be honest. All of which just cause more paperwork for the recieving authority and are highly likely to make absoloutely 0% difference.

Perhaps time would be better spent "Focussing on Hibernian":confused:, Just a thought Sidney, not slagging you off:aok:

:flag:

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Originally Posted by sidneyhibbie

Medals and Fatty were at the fore front when they raised all the money for the Fraud last year how can people be so stupid as to get reeled in twice. When it all goes wrong again and they get Liquidated how can these people look at themselves in the mirror ?

Sidney would never fall for a scam like this but i live in the real world not yam land. Time for a nice letter of complaint to be written to the Police reminding them that they have not been paid and too request that they provide no more services till the 25k dept is paid.

Sidney is on a roll now.:aok:

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Hi Sidney.
Gonnae do us a wee favour - stop referring to yourself in the third person. It's disconcerting, weird and frankly a tad creepy. The word "I" is much easier to use.
Cheers

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Originally Posted by Treadstone

:applause:

His enthusiasm is great though but i tend to :agree:

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:agree: Bit of a shame really as we haven't had a real "enthusiast" since the late great Carl Macar.:greengrin

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Originally Posted by Onion

Take it I'm behind the curve on this point :greengrin

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CWG gonna give you this for that one :take that :slipper:

Birch on SSN saying they cant sell shares yet.

Also said buyers dont need to fill a "gaping hole" in finances? Did I get that right?

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Originally Posted by Bostonhibby

:agree: Bit of a shame really as we haven't had a real "enthusiast" since the late great Carl Macar.:greengrin

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That's a spankingly good shout. :wink:

@jamiekborthwick: BDO says 3000 target almost met. Hearts fans given them "breathing space" to secure a buyer for Hearts.

@jamiekborthwick: Exact number of STs is 2801 as of right now.

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Originally Posted by JollyGreenGiant

@jamiekborthwick: BDO says 3000 target almost met. Hearts fans given them "breathing space" to secure a buyer for Hearts.

@jamiekborthwick: Exact number of STs is 2801 as of right now.

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Just wait a wee while and Bajillions will be here witht he real number :greengrin

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Originally Posted by JollyGreenGiant

@jamiekborthwick: BDO says 3000 target almost met. Hearts fans given them "breathing space" to secure a buyer for Hearts.

@jamiekborthwick: Exact number of STs is 2801 as of right now.

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Which may or may not be true. Unfortunately, truth is in short supply on the Dark Side of town.

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Originally Posted by keekaboo

Which may or may not be true. Unfortunately, truth is in short supply on the Dark Side of town.

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I suggest that BDO won't be economical with the truth when it comes to the number of ST's sold. I will suggest that there hasn't been 2801 full-priced adult ST's sold though.