You are in the silent-ish majority like me...Quote:
Originally Posted by Thecat23
Printable View
You are in the silent-ish majority like me...Quote:
Originally Posted by Thecat23
Don't think the next vote needs to be 'in attendance' so an abstention would be a NO?
What about UBIG's £8.2m? I thought if they abstained its counted as a no?Quote:
Originally Posted by brog
I second that.. :greengrinQuote:
Originally Posted by Thecat23
I feel this is their (ubig) jewel in the crown. They may want a kings ransom for them...Quote:
Originally Posted by carnoustiehibee
It's conditional on them getting the UBIG shares which are subject to their liquidators who act on behalf if the Lithuanian Tax Payer. UBIG own the PBS - the only real asset so they won't give that up for sweeties - they'll get the max for the swindled Tax PayersQuote:
Originally Posted by Sir Alf R
This please..... :wink:Quote:
Originally Posted by bathhibby
Enter Bob JamiesonQuote:
Originally Posted by LeithenHibby
The devil incarnate or hawrts saviour?
one and the same surely?Quote:
Originally Posted by Golden Bear
Does that mean if they don't vote or vote no the second stage failsQuote:
Originally Posted by Ozyhibby
Sorry if this has been posted already but from this it seems there is still a way to go, what about his fat smug face ?.
http://www.bbc.co.uk/sport/0/football/25154126
Pledge to the Stop, Jambos. Rightly Tease the Ogres fund. In a bid to buy the shares
SJRTO for short.
Quote:
Originally Posted by matty_f
Like what ??
So, if I'm reading this right .....
Ukio have accepted the £2.5m bid to cover their claim on the stadium
(still not sure exactly how much of that BDO will take)
UBIG are now saying "if you want us to vote for this then we want money for our shares"
(will that be about the same amount, it would seem thats why the begging bowl is out again)
will they be able to cobble another £2.5m together by February ?
Nope, UKIO, the dead bank, own the PBS.Quote:
Originally Posted by bathhibby
I'm just happy I didn't pay a tenner to find this out. champagne and cigars I've been hearing, Deary dear lets face it people no one on this board has a clue what's going on, it's all just guess work.
P.s I've got 5 million pounds waiting for one lucky member just pm me your bank details sort code expiry date etc and the winner will be announced in the next week
You sure about that? just that another poster said that UBIG owned it :confused:Quote:
Originally Posted by jacomoseven
Neither own it.Quote:
Originally Posted by LeithenHibby
HMFC (IA) own it, subject to a security held by UKIO.
Did this happen today?Quote:
Originally Posted by jacomoseven
:rolleyes:Quote:
Originally Posted by TonyStokeprano
Cheers.Quote:
Originally Posted by CropleyWasGod
And can you confirm that the shares are "worthless" :wink:
The £10 folk give is for the running of the site and added bonus of info before it becomes public knowledge. Some people do know more than others so that's also wrong.Quote:
Originally Posted by TonyStokeprano
You are coming across a bit of an arse to be honest. Unless you are at the wind up and haven't added a smiley face. If so I take this back.
The shares are worth what FOH are prepared to pay for them. :greengrinQuote:
Originally Posted by LeithenHibby
Can anybody else step in at this stage and make it a bidding war! :aok:Quote:
Originally Posted by CropleyWasGod
UBIG could play hard ball though...........
Aren't UBIG's shares frozen?Quote:
Originally Posted by Gingertosser
Ok, sure. But anyhow it's UKIO that would receive any money from FoH for the PBS, not UBIG.Quote:
Originally Posted by CropleyWasGod
Or what A. N. Other would pay for them!Quote:
Originally Posted by CropleyWasGod
They are currently.Quote:
Originally Posted by EdinCapitals
Yup.:agree:Quote:
Originally Posted by jacomoseven
Until February..... at the earliestQuote:
Originally Posted by EdinCapitals
That's a nice, "positive" :greengrinQuote:
Originally Posted by Gingertosser
Not necessarily.Quote:
Originally Posted by Gingertosser
It's not in UBIG's power to unfreeze the shares. They were frozen by the Lithuanian Courts.
Quote:
Originally Posted by CropleyWasGod
Please say it could be longer. :wink:
This is got to be the highest hurdle they have to jump next year?
Yeah I'm at the wind up, I don't have 5 million pound for one lucky member.Quote:
Originally Posted by Thecat23
Absolutely spot on. If they drag their feet BDO may simply run out of money and we all know what would happen then......Quote:
Originally Posted by CropleyWasGod
It could be.Quote:
Originally Posted by LeithenHibby
It could happen on Monday.
It is almost outwith their control.
I don't know what is going to happen but it seems pretty clear they are going to get out of this early next year. The hurdles are being slowly but surely cleared. If so they have got away with murder and they are very lucky that the principal that 'you own a pound and you have a probelm you own £30m and Lithuania has problem.'
There are many possible outcomes from this. The most likely (but not certain) is they are relegated. Not certain because, like it or not Hearts have a divine self belief/ delusion (we could learn a lesson) and a couple of wins and they will really put pressure on Killie. Further Killie could go into admin themselves. So hearts relegation is likely but far from a certainty in my view.
If Hearts go down they will probably come straight back up (via the play offs) but with little cash. With FoH running them there is likely to acrimony, poor leadership and mediocrity. Fan groups sound nice but committees don't work in my view, especially undercapitalised ones) However it is likely FoH will flounder as I doubt the direct debits will flow through. At that point it is very possible some 'businessman' will seize the opportunity and buy them for a song (however badly FoH do they will only have very modest millions of debt by then with the rest written off). Like it or not they remain a decent franchise and a new owner could be anyone from some rich Saudi princeling to some third rate car salesman in Linlithgow. We just don't know.
What is for sure unless they can find their princeling there purchase 'success' is over, although not their arrogance I suspect.
That did make me smile! :greengrinQuote:
Originally Posted by TonyStokeprano
I couldn't care if they survive or not now. As if they do they really will be piss poor and the fair weather fans will disappear. Hearts to me have already died in the shape and form we have grown to know.
They will be bottom 6 no doubt if they do come right back up. To me it could be a lot funnier watching them take a few doings and struggling than going pop altogether. :greengrin
From KB. Words fail me.
Ripping off charities with no recrimination.
:verysmug:
We should start charging marie curie to stand in the enclosures from now on aswell.
60/40 split plz.
Just the sort of thing I expect from a bunch of inbred Neanderthals ... I hope they rot in hell !Quote:
Originally Posted by Hermit Crab
Thats why we love them :rolleyes:Quote:
Originally Posted by Hermit Crab
Tbh i lost interest in this whole situation quite a while ago.
Getting any kind of credible info has been nigh on on impossible. That's no disrespect to guys like CWG and Caversham etc, they done a fantastic job of explaining complex accounting laws and procedures to dummies like me but pretty much everything that was going on in Lithuania was impossible to predict and it looks like the admins across there just want rid of the Hearts 'problem' asap.
Let Hearts fans have their wee bit of fun. They won't be out of admin for a while yet and will have to learn what it's like to deal with the realities of the financial climate in Scottish football these days. Too many of the younger generation of Hearts fans have never known them live within their means and they'll get bored of shelling out cash to watch a team that's a true reflection of their situation soon enough. I hope that many of the older generation of Hearts fans are a bit more humble about this situation, they should be embarrassed really, ripping off charities and local businesses isn't big or clever. I doubt it though. The Mercer, Robinson and Romanov years seems to have warped them into a shower of arrogant, ignorant and shameless erseholes.
Anyway what happens will happen. I'm a Hibs supporter and i'll be concentrating my energies on backing Hibs. Let those ***** worry about and deal with their own mess.
Presumably BDO are also dependent on the CVA going through in February (and the £2.5 million being there) before they can take their fees.Quote:
Originally Posted by Weststandwanab
Anyone know if they have been paid anything at all for their efforts so far?
Sorted that for you. There is a (not too) subtle difference.Quote:
Originally Posted by Islington Hibs
:agree:Quote:
Originally Posted by Pretty Boy
:top marks:flag:
Well saidQuote:
Originally Posted by Pretty Boy
A troll because I replied to someone calling me an arse ?? No bother mate. People are allowed an opinion, my opinion is that some posters not all like to exaggerate how much inside info they have. If that offends anyone feel free to ban me.Quote:
Originally Posted by HibbySpurs
So your happy to use this site but not happy to help pay for its upkeep? Strange.Quote:
Originally Posted by TonyStokeprano
CVA conditionally agreed :fuming: ;-)
2nd meetings taking a while?
Stevie I think that was always going to be the case... I wanted them wiped out but heay ho they will be in Admin until Feb. remember what BDO said as well about them only have enough money until March.Quote:
Originally Posted by SteveHFC
They are rooked with no money and are in Admin. There is still the 30 day cooling off period. A lot can happen in that time.
O and for all you smug yams looking in enjoy your new found saviours for the time being..., it won't always be like this.
Remember this - you will always be the club with no shame.... Youve ripped into the heart if your community, stole from your own and robbed a charity (use) of their monies. Enjoy
Jamie Borthwick @jamiekborthwick 51s Members agree to the CVA with 100% in favour. Second stage of Hearts exiting administration is complete #heartscvaQuote:
Originally Posted by Ozyhibby
I take it that would be 100% of those voting not every share holder.Quote:
Originally Posted by Heisenberg
Haha!
So all those with so-called inside information from Lithuania were just kidding us on.
Well done lads!!
to be fair i rarely use the site and dont have enough posts to become a private member anyway. Its not the money im talking about its a tounge in cheek dig at peoples inside info or lack of it. Anything else pal ?Quote:
Originally Posted by Benny Brazil
Interesting wording used there. Second stage complete, assumes first stage is a formality. The reality is anything but.....Quote:
Originally Posted by Heisenberg
UBIG abstain again, with all other shareholders in favour. 30 day cool off period now begins. #heartscva
This is far from over. In fact the way I see it, it's only just begun...Quote:
Originally Posted by Zondervan
if ubig abstain then they haven't agreed to sell the shares, how does this play out?
Well if your no happy with what you read on here don't bother. Go and read elsewhere??Quote:
Originally Posted by TonyStokeprano
No wonder folk don't want to post stuff cos folk like yourself come along and diss them at every opportunity.
No info is 100%.
I really do wonder sometimes I really do.
please god, let something go wrong here-on in !Quote:
Originally Posted by underscore
FFS :(
They can now sign players in January? Hahaha this is unbelievable!
No they cant they are still in administration and will be until Feb 14.Quote:
Originally Posted by QMU-1875
Why would folk be bothered about what i think about their information, I'm a nickname on a computer screen if they're scared of that they should man up a bit, i really do wonder sometimes i really do.Quote:
Originally Posted by Aldo
no they can't, they are still in admin and unlikely to be out in the next few weeksQuote:
Originally Posted by QMU-1875
It's unbelievable because it isn't true. The hysteria on here is embarrassing.Quote:
Originally Posted by QMU-1875
But childish there with the wee repeat thing is it not :-DQuote:
Originally Posted by TonyStokeprano
I'm still very confused by all of this - share issue in particular. Looking for a quick answer, now that the CVA has been agreed, does this mean it's set in stone that they'll be out of administration and also is liquidation only a wish now?
Quote:
Originally Posted by Aldo
We did all this last week, so let's concentrate on the mass hysteria of the CVA going through. Please :agree:Quote:
Originally Posted by TonyStokeprano
From kickback :faf:Quote:
SteveHFC, since you're obviously reading this thread, I want you to know that you are a fool.
what part of transfer embargo don't you understand no matter what they cant sign players until Feb 2014Quote:
Originally Posted by QMU-1875
Says on twitter cooling off period has begunQuote:
Originally Posted by bighairyfaeleith
Seeing you said please (I'll think about it??) :-DQuote:
Originally Posted by DaveF
I know theres a lot of posts going on, but the post earlier on the stages is quite clear no?Quote:
Originally Posted by GlasgowHibee
Stage 5 is completing deal in required timescale.
Stage 4 is sale and purchase agreement
Stage 3 is securing shares from UBIG.
Stage 2: 100% pass
Stage 1: CVA - first stage passed at 87% of vote.
So, until UBIG have their own creditors meeting (late January), we probably won't know what will happen with the shares until then I guess?
Jackson: "This is a good result but we have some way to go before the deal is concluded"
Quote:
Originally Posted by Pretty Boy
I hear what you are saying but i dont think any hearts fan gives a toss what has happened.In the big scheme of things they have got of lightly and even if they do get relegated they will get decent money in through season tickets to buy players
it is possible UBIG's admin doesn't feel he has enough information to vote either way. They can't do anything just now anywayQuote:
Originally Posted by bighairyfaeleith
They aren't out of admin yet so no, they can't. The ban on signing players in January is a fixed ban, it will not be lifted. The earliest Hearts can sign players is February 1st and that is only if they are out of Admin by then which is still unlikely despite today's events.Quote:
Originally Posted by QMU-1875
All thats happened today is their CVA has been agreed.
No shares have been transferred
FOH don't own hearts yet
Hearts are still in administration
They can't sign players
They are still on -3 points.
The thing to keep an eye on now is UBIG. Why did they abstain from both votes today? Are they up to something? Are they just not in a position to do so? UBIG are Hearts majority shareholder, the ball is in their court now. UKIO have given up there leverage.
Wrong, ubig meeting scheduled for the end of Jan 2014, IF, it takes place and FoH have the money, let alone the option to buy the shares (still frozen) then the 30 days kick in...Quote:
Originally Posted by Craig_in_Prague
No they can't......... :wink:Quote:
Originally Posted by QMU-1875
Adomonis of Ukio admins: "I should admit the fact that our decision has a substantial part of emotion in it" #heartscva
WTF?
Pathetic.
I was only copying what STV reported.Quote:
Originally Posted by LeithenHibby
Can someone who understands what all this means please let us know i for one dont have a clue what is going on.
Not a problemQuote:
Originally Posted by DaveF
Yep.Quote:
Originally Posted by flash
1. UKIOS, according to all sources, were always going to approve the CVA. This has simply been ratified today.
2. But it means little until UBIG also approve the CVA.
3. UBIG currently have their shares frozen by the Lithuanian government - so are not in a position to approve/reject the CVA.
4. Indications are, were they/when/if they are in a position to do so, they will be a lot less sympathetic than UKIOS.
The CVA is only really 'approved' subject to 2, 3 & 4, so behind the yam semantics, it is not approved at all.
What we shall see now is a wildly optimistic crowing from Gorgie, with spokespersons for FOH and the Scottish media talking about a 'timetable for the exit of administration' which they can't possibly know, as this is, and has always been, subject to the on-going investigations by the Lithuanian authorities, which may result in the unfreezing of UBIG shares, and, also, a positive decision on the CVA made by UBIG administrators.
If the investigations are concluded swiftly, and UBIG admins sympathetic to Hearts plight, FOH will claim it as a great victory. (Then they will **** themselves, quickly realising that they have an unworkable business model to finance an SPL club). If they drag on, and/or the UBIG admins are hostile to the CVA, there will be grumblings this winter at how they are being 'pushed to the brink of extinction' by anonymous foreigners.
Either way, it remains completely out of their hands. Basically, today was a pretty meaningless vote other than a symbolic 'bread-and-circuses' morale boost for the Jambos. The December fixture card, and (hopefully, though we don't know) on-going protracted investigations by the the Lithuanian government and/or a hostile UBIG admin, should tarnish that gloss somewhat.
Same here mate but I think I've just guessed it...... Bruce Willis is a ghost.Quote:
Originally Posted by stevejordan
Some trolling getting done in here like. PB's been quoted quite a bit in Brokeback... They are back to their jovial ways 1902 5-1 blah blah.
But as I've earlier said they will always be the club that robbed charities and local business's and didn't pay their way.., cheated their way to this and that.
For you all looking in .... Still a long way to go for the club with no shame.
C'mon uncle Boab get yur finger oot and scupper their plans.
Cool, but to be fair, have the media covered this story in-depth :cbQuote:
Originally Posted by Craig_in_Prague
My money is on their hands being tied by the frozen shares. I'm sure they would be happy to react, either positively, or negatively if they could. However, as you perhaps suggest, they might be playing a longer ball game, which could only involve the PBS, as Hearts sole real asset.Quote:
Originally Posted by Bajillions
Their complete lack of grasping the real issues since day 1, has been really disgusting.Quote:
Originally Posted by LeithenHibby
They all appeared to have painted a positive story on everything that has happened.
Yet as we are right now, nothing has changed. No shares!
I think that there might be a number of other parties wanting to get their grubby paws on the shares as as your rightly mentioned Bob it's their only real asset.Quote:
Originally Posted by Dashing Bob S
UBIG probably know this and there might even be a bidding war In which we know the FOH won't be able to bid anymore in cos they are rooked.
It is still a case of tick tock for me
Guys cheer up, It's friday, we're Hibs fans, we're no them, we haven't robbed anyone, we can hold our heads high, we don't don't cheating.
Really hope I make it onto jobbieback with this :greengrin
Spot on, nothing has changed today and HMFC may take this as a victory, but make no mistake, it ain't over by a country mile.......... Pleasing.Quote:
Originally Posted by Craig_in_Prague
Aye :wink:Quote:
Originally Posted by leggeto
ThisQuote:
Originally Posted by Thecat23
They are going to have a super dooper to get them out of relegation come feb with
Craig Gordon, Stewart, Bouzid, Bawsack Naysmith and others signing.
I assume the 100% is not including UBIG and Vlad's mother-in-law or whoever it is that has the 15% that was transferred out?Quote:
Originally Posted by Heisenberg
BBCBMcLauchlin @BBCBMcLauchlin1m
Hearts administrator Bryan Jackson tells BBC Scotland it will be March or April before club exits administration
Rudolf Hess skacel signing for them again I see. He's 34 now. No kicked a ball for a year.Quote:
Originally Posted by Aldo
but things are looking up for them now,when they exit admin next month they'll be able to sigh that German super kid jurgen döunQuote:
Originally Posted by LeithenHibby
Quote:
Originally Posted by Pretty Boy
I hear what you are saying but i dont think any hearts fan gives a toss what has happened.In the big scheme of things they have got of lightly and even if they do get relegated they will get decent money in through season tickets to buy players
Ha ha. Sounds bout right.Quote:
Originally Posted by Thecat23
Quote:
Originally Posted by Thecat23
Stand at ease, Guys :wink:
Has anything actually changed from about 10 days ago that we didn't really know about? I dont think it has. We knew the Ukio admin team were going to accept the CVA. It was reported last week on here. Its now upto FOH to get hold of the UBIG shares.
Why did the UBIG admin team abstain their vote and not just accept the CVA and get away from the whole situation? Sounds to me they obviously want some cash for them. I reckon a few hundred grand will do it tbh. My question is, can anyone bid for these shares?