Share Transfers Agreed/Cooling off period

Quote:

---

Originally Posted by greenginger

The Bank won't go pop, it will be merged into Siauliu Bankas which is controlled by the European Central Bank.

http://www.bloomberg.com/news/2012-1...as-shares.html

Vlad will have the option of taking a few million compensation and moving over or his bank being folded.

There will be no place for Vlad or family after the merger. At least that's the way it played out with some troubled Spanish Bank a few months ago.

---

So if that was the case and Euro Central bank took over UBig or Ukios who would own hearts? Vlad or the bank???

Quote:

---

Originally Posted by gegs70

So if that was the case and Euro Central bank took over UBig or Ukios who would own hearts? Vlad or the bank???

---

UBIG basically own hearts, not Ukios. Ukios is a bank and may be forced into a merger, IBIG is an investment company.

Quote:

---

Originally Posted by rcarter1

I have read this thread now and again with great interest, but regularly find myself tied in knots over assets, liabilities, loans, remortgages, share issues and god knows what else....

So my simplistic take on the situation, having read this and other discussions and having mulled for about 5 years.

UKIO bank goes bust, Vlad gets pennies in a forced sale of assets.

Defeated, and with no more money (or interest) to put into football, he then sells Hearts.

Outcome 1: accepts low offer for club, stadium and assets from 'fans' group or whoever - leaving Vlad with a few more pennies and Hearts with a clean slate. Poor outcome financially for Vlad, Great For Hearts - ie BAD.

Option 2: sells Tynecastle and whatever other assets he has to highest bidder, and the football club needs to start afresh (In third division?? with a pokey wee stadium built from cake sales?). OK for VLAD (who then retires to a villa looking over the baltic sea). REALLY BAD for Hearts - ie GOOD!


Does this sum up where we stand?
Is there any informed opinion as to whether we will see Option 1 or 2 (or is there a middle ground?).

Sincerely,

Schadenfreude

---

They could call it 'The Cake Stand'........

Quote:

---

Originally Posted by s.a.m

They could call it 'The Cake Stand'........

---

Renaming the whole stadium 'The Kipling Arena' might help raise some much needed cash.

Quote:

---

Originally Posted by green glory

Renaming the whole stadium 'The Kipling Arena' might help raise some much needed cash.

---

:agree:
Fine idea. The replacement WongaDome could be built in the shape of a giant French Fancy. Pink, obviously. I'm liking this.

....which would make the Jambos 'The Fanciers'. Or something like that?? :hmmm:

Quote:

---

Originally Posted by green glory

Renaming the whole stadium 'The Kipling Arena' might help raise some much needed cash.

---

A fitting consequence of paying "exceedingly good" wages :greengrin

Quote:

---

Originally Posted by The Green Goblin

A fitting consequence of paying "exceedingly good" wages :greengrin

---

:greengrin

Quote:

---

Originally Posted by rcarter1

I have read this thread now and again with great interest, but regularly find myself tied in knots over assets, liabilities, loans, remortgages, share issues and god knows what else....

So my simplistic take on the situation, having read this and other discussions and having mulled for about 5 years.

UKIO bank goes bust, Vlad gets pennies in a forced sale of assets.

Defeated, and with no more money (or interest) to put into football, he then sells Hearts.

Outcome 1: accepts low offer for club, stadium and assets from 'fans' group or whoever - leaving Vlad with a few more pennies and Hearts with a clean slate. Poor outcome financially for Vlad, Great For Hearts - ie BAD.

Option 2: sells Tynecastle and whatever other assets he has to highest bidder, and the football club needs to start afresh (In third division?? with a pokey wee stadium built from cake sales?). OK for VLAD (who then retires to a villa looking over the baltic sea). REALLY BAD for Hearts - ie GOOD!

Does this sum up where we stand?
Is there any informed opinion as to whether we will see Option 1 or 2 (or is there a middle ground?).

Sincerely,

Schadenfreude

---

As already touched upon, option 1 doesn't really work. UBIG own the club (actually they only own about 75% of the club now, and that is quite significant) and if they were to go bust the club would either be sold as a going concern or broken up depending on which brought in the most money. The complication is that UBIG owe Ukio £6.8m plus accumulating interest which they have secured on the assets of HoMFC. That means that whatever happens UBIG have to get £6.8m+ out of their disposal of HoMFC or they will effectively be paying to get rid of them. With the bank merger 'Mr Romanov' will no longer have control, so the carrying over of that secured debt is not really an option when UBIG sell.

So anyone buying HoMFC will have to pay out a minimum of about £7m for 75% of the club. For that they will get a perpetual loss-making club with a crumbling stadium, depleted playing squad, ongoing debt obligations and no cash. If you know anyone like that there's a Nigerian Prince I could introduce them to (for an up-front fee of course).

Quote:

---

Originally Posted by Caversham Green

As already touched upon, option 1 doesn't really work. UBIG own the club (actually they only own about 75% of the club now, and that is quite significant) and if they were to go bust the club would either be sold as a going concern or broken up depending on which brought in the most money. The complication is that UBIG owe Ukio £6.8m plus accumulating interest which they have secured on the assets of HoMFC. That means that whatever happens UBIG have to get £6.8m+ out of their disposal of HoMFC or they will effectively be paying to get rid of them. With the bank merger 'Mr Romanov' will no longer have control, so the carrying over of that secured debt is not really an option when UBIG sell.

So anyone buying HoMFC will have to pay out a minimum of about £7m for 75% of the club. For that they will get a perpetual loss-making club with a crumbling stadium, depleted playing squad, ongoing debt obligations and no cash. If you know anyone like that there's a Nigerian Prince I could introduce them to (for an up-front fee of course).

---

Reading stuff like this can fair cheer you up on a winters morning. :-)

Quote:

---

Originally Posted by Ozyhibby

Reading stuff like this can fair cheer you up on a winters morning. :-)

---

:agree: It's fair warmed the cockles of my heart on this icy morn. Thanks, C.G.:aok:

Quote:

---

Originally Posted by The Green Goblin

A fitting consequence of paying "exceedingly good" wages :greengrin

---

:greengrin:top marks

Exceedingly good wages at the Gorgie Doughnut.................

Another statement by Fudditovas, although the tache took a similar approach with us last year with the dunfermline game.

http://www.heartsfc.co.uk/articles/2...241384_3065664

This is the worst part "No team in the history of Heart of Midlothain football club has held both the Scottish Cup and the League Cup at the same time" ...Just as deluded as the fans

Another run today on the Ukio shares - now trading at an all-time low.

A 12% drop in 2 days alone and still dropping :thumbsup:

Quote:

---

Originally Posted by Sergey

Another run today on the Ukio shares - now trading at an all-time low.

A 12% drop in 2 days alone and still dropping :thumbsup:

---

This is an erection inducing post :cb

Quote:

---

Originally Posted by Sergey

Another run today on the Ukio shares - now trading at an all-time low.

A 12% drop in 2 days alone and still dropping :thumbsup:

---

From what I can see currently trading at 0.10 Euros a share... Not being a shares expert but that looks like rock bottom. What happens next?

http://www.nasdaqomxbaltic.com/marke...s&tab=realtime

Its not just the price, its the volume of sales too. Over 1.6 million sold today ! Who the hell is buying them ? :confused:

Quote:

---

Originally Posted by Sergey

Another run today on the Ukio shares - now trading at an all-time low.

A 12% drop in 2 days alone and still dropping :thumbsup:

---

Mid July 2006 - shares priced at 1.20 Euros.

February 2013 - shares priced at 0.0955 Euros.

So they're now worth less than 8% of their value in 2006. That doesn't make good reading. Oh well.

Quote:

---

Originally Posted by Joy Zipper

Mid July 2006 - shares priced at 1.20 Euros.

February 2013 - shares priced at 0.0955 Euros.

So they're now worth less than 8% of their value in 2006. That doesn't make good reading. Oh well.

---

Yes it does

Quote:

---

Originally Posted by greenginger

http://www.nasdaqomxbaltic.com/marke...s&tab=realtime

Its not just the price, its the volume of sales too. Over 1.6 million sold today ! Who the hell is buying them ? :confused:

---

Russian Mafia ?! Stupid people thinking the shares will rise and they are making an "Investment" !?

Who knows ! :dunno:

Hearts fan did tell me once if they go bust and end up in SD3 they wouldn't be as good as Rangers or as successful, due to the fact they wouldn't have even Tynecastle.

Buying Meadowbank.... :wink:

Not looking good for UBIG and Ukio. There's a damning statement been released today in Lithuania.

http://verslas.delfi.lt/verslas/ubig....d?id=60596587

The headline reads "UBIG HAS PLEDGED ALL IT'S ASSETS"

It goes on to mention the imminent bankruptcy of UBIG - who the shareholders are and the over-valuation of the assets that were transferred to Ukio Bankas.

Reading the comments to the piece, it would seem that the bank are in deeper doo-doo for laundering/fraud and the Lithuanian law have documentation linking them to the Bankas Snoras case.

Quote:

---

Originally Posted by Sergey

Not looking good for UBIG and Ukio. There's a damning statement been released today in Lithuania.

http://verslas.delfi.lt/verslas/ubig....d?id=60596587

The headline reads "UBIG HAS PLEDGED ALL IT'S ASSETS"

It goes on to mention the imminent bankruptcy of UBIG - who the shareholders are and the over-valuation of the assets that were transferred to Ukio Bankas.

Reading the comments to the piece, it would seem that the bank are in deeper doo-doo for laundering/fraud and the Lithuanian law have documentation linking them to the Bankas Snoras case.

---

Terrible news. Really terrible. :aok:

Incredibly no one is talking about this over on Brokeback. Too busy creaming themselves over the loyalty points being offered to try and get a full house for their next game against Killie.

Costs nothing for the club to give that if the Count is about to lock the doors for good.

Maybe. :-)

Quote:

---

Originally Posted by greenginger

http://www.nasdaqomxbaltic.com/marke...s&tab=realtime

Its not just the price, its the volume of sales too. Over 1.6 million sold today ! Who the hell is buying them ? :confused:

---

Craig Whyte ?

Quote:

---

Originally Posted by #FromTheCapital

Another statement by Fudditovas, although the tache took a similar approach with us last year with the dunfermline game.

http://www.heartsfc.co.uk/articles/2...241384_3065664

This is the worst part "No team in the history of Heart of Midlothain football club has held both the Scottish Cup and the League Cup at the same time" ...Just as deluded as the fans

---

Right up on the St Mirren dressing room wall.

Hearts Owner Romanov’s Ukio Bankas Plummets as Fate in Question

They've been slippery, slippery slippy things for a good while now but slippery stuff drys up eventually.

Quote:

---

Originally Posted by NeilT

Hearts Owner Romanov’s Ukio Bankas Plummets as Fate in Question

---

Previously the trading of a signifcant number of shares was because of a possible merger, this volume of trading shares (1.7m) looks like a bring out your dead moment.

Quote:

---

Originally Posted by Caversham Green

So anyone buying HoMFC will have to pay out a minimum of about £7m for 75% of the club. For that they will get a perpetual loss-making club with a crumbling stadium, depleted playing squad, ongoing debt obligations and no cash. If you know anyone like that there's a Nigerian Prince I could introduce them to (for an up-front fee of course).

---

This is very pleasing news. So if someone buys out UBIG's devalued shares (as has been implied earlier in this thread), they are lumbered with a £7m debt to UKIO, and presumably a bad business overall - but will hold 75% of Hearts. I wonder who will pull the strings at UKIO in terms of reclaiming their debt from UBIG?

A couple of Jambos at my work, who have ears close to the ground, responded with distinctly muted enthusiasm when I congratulated them on their upcoming Final. I got the impression they knew something rather unpleasant was brewing...

God forbid some Jambo now wins the Euro Millions... :rolleyes:

Quote:

---

Originally Posted by Treadstone

Right up on the St Mirren dressing room wall.

---

Even if they do beat st mirren in the final they won't have the Scottish cup and league cup. They have already been knocked out of this seasons Scottish cup. Thats a fact but it won't stand in the way of them spouting more made up pish, it's the hearts way of thinking.