Share Transfers Agreed/Cooling off period

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Originally Posted by SurferRosa

Something tells me that this post wont find itself copied and pasted onto KB....

( :top marksby the way..... )

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...but...but... that was different, ken likesay...

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Originally Posted by jacomoseven

Not for me. BJ wants to present the situation in the best possible light for him. If journalists don't press him on the most awkward questions he isn't obliged to dwell on them.

Nothing he said was untrue.

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"I've got to convince UBIG that the shares essentially have no value..."

At the time of speaking, after the conditional CVA was voted through, they quite clearly did have value.

Slippery at best. For simplicity I'd just call it a lie, rather than 'presenting things in the best possible light for him'.

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Originally Posted by Antwerphibs

I've not painted that type of scenario at all, though I agree some people have. Fwiw, I reckon hearts are going down and will be struggling for a good few years, but talk of liquidation which is still rife on this thread is imo nonsense.

As for people's sources being more itk, they aren't. No one in Scotland is only those in Lithuania. Sure people might hear something a day or two before it comes out, but I've seen not a single post on here that's been well ahead of the media.

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I think you will find Sergeys source WAS from Lithuania. And he's consistently stated these shares are frozen, which has suddenly made the media yesterday and suddenly become an issue.

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Originally Posted by Mellow Hibee

So even if they don't go into liquidation, they have spent taxpayers and other creditors money for success on the park and aren't going to pay it back. Lets see what the kickback Jambos think of that....

Colinmaroon
SPL, "The whole basis of a financial fair play set of rules is to ensure that if there is a sporting advantage that has been obtained, you can address that through some sort of sporting sanction."

You mean like buying success with the Taxpayers money?
All these trophies bought with money stolen from the taxpayer!

The Gasman
There is no way that the ConDem government, or the Treasury, should allow HMRC to settle for pennies in the pound when services, pensions, and benefits are being cut left, right, & centre.

OldCastlerock2012
Basically all of the many creditors currently not getting paid - including public bodies, i.e. taxpayers, and fellow football clubs - are subsidising the continuation of their club. They should be immediately liquidated and told to get themselves out of the mess they got themselves into, with a newco forced to start at the bottom of the Scottish football pyramid.

Radge21
I hope Alex Salmond was trying to get our tax money back and nothing else.
I am astonished our first minister has got involved.
Political parties backing football clubs in this country is dangerous.

So many people owed money and they have no intention of giving them it back.

K1874M
What I don't get is why were we and other clubs giving them 'tick'. Even the council ffs, everyone knew they were screwed financially.

And my personal favourite..

Dexter
How many of those creditors may face financial hardship should these welts squirm into a CVA ?
It's disgusting.
I HATE them more than any other football club in the world.
Disgusting.

Oh no wait, that was what they thought of Rangers in the run up to a potential debt shedding, creditor screwing CVA. There are thousands more as well in the rangers thread talking about creditors getting cheated, tainted trophies, hospitals not built, etc. So among the (possibly premature) celebrations going on over there, I suspect that there is a little shame deep down.

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Gasman - The evolutionary perfection of a brainfart

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Originally Posted by lapsedhibee

"I've got to convince UBIG that the shares essentially have no value..."

At the time of speaking, after the conditional CVA was voted through, they quite clearly did have value.

Slippery at best. For simplicity I'd just call it a lie, rather than 'presenting things in the best possible light for him'.

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" I've got to convince UBIG that the shares essentially have no value "

Hibs.net has got to convince UBIG that the shares DO have a lot of value.

Either in the cash FoH have to cough up, or in the extra funds generated for the Ukio admin. through liquidation.

Either way it will end up with the Lith. State.

Quote:

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Originally Posted by blackpoolhibs

I think you will find Sergeys source WAS from Lithuania. And he's consistently stated these shares are frozen, which has suddenly made the media yesterday and suddenly become an issue.

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Exactly. He's consistently stated it and it's been consistently ignored, denied or dismissed as irrelevant by many on this site and the mainstream media. Hopefully we will now see just how 'irrelevant' this factor is.

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Originally Posted by blackpoolhibs

I think you will find Sergeys source WAS from Lithuania. And he's consistently stated these shares are frozen, which has suddenly made the media yesterday and suddenly become an issue.

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Personally, I think his source is from the land of make believe.

If it turns out he was right all along. I'll come on with a humble apology. I think it's obvious that my opinion is at the opposite end of the scale from one or two others on this thread, so I'll just leave it at that.

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Originally Posted by butchersdug

I have experience in working with businesses who going down the swanny, Hearts could come out of all this debt free tomorrow and would still be completely struggling for years. Baring a miracle (or Killie admin) they will be relagated this year and will struggle in a very competitive league, that stadium takes up a hell of a lot of cash just to keep it open and they have a core support that wrongly demand that they should be no lower than 3rd in the league. All this will put stresses on whoever picks up this mess and may cause them to spiral into another admin.

What should be our mentality is, yes Hearts will survive this. Hibs and the clubs fans must make it our duty, to absolutely destroy this team on the park. This will kill them more than any financial situation.Huge opportuntiy for us to do this in the next 5/10 years

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That 'core support who wrongly demand that they should be no lower than 3rd in the league' has only really existed since Mercer began their 'Finance Football' business-model (which successive owners continued) - let's see what happens to their numbers after 2-3 seasons of hearts teams filled with players they can actually afford :wink:

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Originally Posted by Bajillions

If people are going to ignore those of us in the know then that's just fine. But I assume they'll stop reading this thread and the newspapers and other media as well because up to today not a single outlet has managed 100% accuracy in their reporting.

I trust my source and the people on this board a lot more than I trust the likes of Brian Mclauchlin and Barry Anderson.

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There's still plenty reading your very interesting posts Bajillions :-)

Thank you.

Absolute roaters.
We will never let them forget and that's what counts :flag:

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Originally Posted by Mellow Hibee

So even if they don't go into liquidation, they have spent taxpayers and other creditors money for success on the park and aren't going to pay it back. Lets see what the kickback Jambos think of that....

Colinmaroon
SPL, "The whole basis of a financial fair play set of rules is to ensure that if there is a sporting advantage that has been obtained, you can address that through some sort of sporting sanction."

You mean like buying success with the Taxpayers money?
All these trophies bought with money stolen from the taxpayer!

The Gasman
There is no way that the ConDem government, or the Treasury, should allow HMRC to settle for pennies in the pound when services, pensions, and benefits are being cut left, right, & centre.

OldCastlerock2012
Basically all of the many creditors currently not getting paid - including public bodies, i.e. taxpayers, and fellow football clubs - are subsidising the continuation of their club. They should be immediately liquidated and told to get themselves out of the mess they got themselves into, with a newco forced to start at the bottom of the Scottish football pyramid.

Radge21
I hope Alex Salmond was trying to get our tax money back and nothing else.
I am astonished our first minister has got involved.
Political parties backing football clubs in this country is dangerous.

So many people owed money and they have no intention of giving them it back.

K1874M
What I don't get is why were we and other clubs giving them 'tick'. Even the council ffs, everyone knew they were screwed financially.

And my personal favourite..

Dexter
How many of those creditors may face financial hardship should these welts squirm into a CVA ?
It's disgusting.
I HATE them more than any other football club in the world.
Disgusting.

Oh no wait, that was what they thought of Rangers in the run up to a potential debt shedding, creditor screwing CVA. There are thousands more as well in the rangers thread talking about creditors getting cheated, tainted trophies, hospitals not built, etc. So among the (possibly premature) celebrations going on over there, I suspect that there is a little shame deep down.

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Originally Posted by Mikey

There's no point arguing with the folk who repeatedly tell themselves that Santa won't be coming this year, so they're happy when all they get is a satsuma :wink:

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A friend from Tamsons hates Christmas.

When his kids were young he went into the back garden and burst a balloon.

Back in the house the kids asked "What was that Dad" "Santa's just shot himself, Christmas is cancelled!"

A few balloons getting burst down Gorgy way I suspect - in more ways than one ;-)

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Originally Posted by Antwerphibs

Personally, I think his source is from the land of make believe.

If it turns out he was right all along. I'll come on with a humble apology. I think it's obvious that my opinion is at the opposite end of the scale from one or two others on this thread, so I'll just leave it at that.

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Just for you Sergey
http://www.youtube.com/watch?v=lENWOLce59s
:greengrin

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Originally Posted by Mellow Hibee

So even if they don't go into liquidation, they have spent taxpayers and other creditors money for success on the park and aren't going to pay it back. Lets see what the kickback Jambos think of that....

Colinmaroon
SPL, "The whole basis of a financial fair play set of rules is to ensure that if there is a sporting advantage that has been obtained, you can address that through some sort of sporting sanction."

You mean like buying success with the Taxpayers money?
All these trophies bought with money stolen from the taxpayer!

The Gasman
There is no way that the ConDem government, or the Treasury, should allow HMRC to settle for pennies in the pound when services, pensions, and benefits are being cut left, right, & centre.

OldCastlerock2012
Basically all of the many creditors currently not getting paid - including public bodies, i.e. taxpayers, and fellow football clubs - are subsidising the continuation of their club. They should be immediately liquidated and told to get themselves out of the mess they got themselves into, with a newco forced to start at the bottom of the Scottish football pyramid.

Radge21
I hope Alex Salmond was trying to get our tax money back and nothing else.
I am astonished our first minister has got involved.
Political parties backing football clubs in this country is dangerous.

So many people owed money and they have no intention of giving them it back.

K1874M
What I don't get is why were we and other clubs giving them 'tick'. Even the council ffs, everyone knew they were screwed financially.

And my personal favourite..

Dexter
How many of those creditors may face financial hardship should these welts squirm into a CVA ?
It's disgusting.
I HATE them more than any other football club in the world.
Disgusting.

Oh no wait, that was what they thought of Rangers in the run up to a potential debt shedding, creditor screwing CVA. There are thousands more as well in the rangers thread talking about creditors getting cheated, tainted trophies, hospitals not built, etc. So among the (possibly premature) celebrations going on over there, I suspect that there is a little shame deep down.

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That lot have no shame...:agree:
It does not matter if they start thinking today.....Ohh **** we have just done the same! They have been doing well before they made those original post's!

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Originally Posted by Jack

A friend from Tamsons hates Christmas.

When his kids were young he went into the back garden and burst a balloon.

Back in the house the kids asked "What was that Dad" "Santa's just shot himself, Christmas is cancelled!"

A few balloons getting burst down Gorgy way I suspect - in more ways than one ;-)

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Don't you mean AGAIN!!!
:greengrin

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Originally Posted by Antwerphibs

Personally, I think his source is from the land of make believe.

If it turns out he was right all along. I'll come on with a humble apology. I think it's obvious that my opinion is at the opposite end of the scale from one or two others on this thread, so I'll just leave it at that.

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So you think he's been making this all up, why would you say this? You cant just make a statement like that and then say you will leave it at that?

Sergey has only stated the facts, and is still stating them. His source was only giving her opinion which he gave on here.

Its all guesswork at the end of the day, but his source has given us some great insight into this, and he's been spot on 99% of the time.

Thats why his source has been given a lot more credit than you just speculating on what you here and read from the Scottish press or BDO and FOH.

The facts are those share ARE frozen, something he and his source have said for quite a while, but ignored by everyone involved on the Hearts side and even the media.

Although BDO suddenly feel its an issue, and want Hearts fans to forget about Xmas now.

Dont you find this strange, and dont you agree thats what sergey has said all along?

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Originally Posted by greenginger

" I've got to convince UBIG that the shares essentially have no value "

Hibs.net has got to convince UBIG that the shares DO have a lot of value.

Either in the cash FoH have to cough up, or in the extra funds generated for the Ukio admin. through liquidation.

Either way it will end up with the Lith. State.

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The thing that gets me is the barefaced cheek of FoH asking for the shares for zilch, when they have money in the bank ready to spend on the team once they get hold of them.

"Oh we can't give you that because we promised the punters we'd only use it after we ditched our debt for a fraction of its value"

MAKE THEM PAY THROUGH THE NOSE or tell them to bolt!!!

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Originally Posted by SurferRosa

Something tells me that this post wont find itself copied and pasted onto KB....

( :top marksby the way..... )

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Yes it has :flag:

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Originally Posted by einstein

Yes it has :flag:

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:thumbsup:

They don't seem to like it very much.

3 - 2 Elgin Get in.

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Originally Posted by SloopJB

3 - 2 Elgin Get in.

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Eh, what's that got to do with the Hearts CVA?


:greengrin

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Originally Posted by blackpoolhibs

So you think he's been making this all up, why would you say this? You cant just make a statement like that and then say you will leave it at that?

Sergey has only stated the facts, and is still stating them. His source was only giving her opinion which he gave on here.

Its all guesswork at the end of the day, but his source has given us some great insight into this, and he's been spot on 99% of the time.

Thats why his source has been given a lot more credit than you just speculating on what you here and read from the Scottish press or BDO and FOH.

The facts are those share ARE frozen, something he and his source have said for quite a while, but ignored by everyone involved on the Hearts side and even the media.

Although BDO suddenly feel its an issue, and want Hearts fans to forget about Xmas now.

Dont you find this strange, and dont you agree thats what sergey has said all along?

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I don't believe he has a source either and simply passes of educated guesses as having a source. How many predictions did he make as to Hearts going into administration? 10th time lucky? His source certainly has a scatter gun approach to snippets of information :greengrin

Didn't Sergey's 'source' say that the CVA would be rejected, or did I get that wrong?

He predicted financial doom for Hearts for five years. It eventually arrived.

Even a broken clock is right twice a day :wink:

Jambo 1: UBIG?

Jambo 2: Aye. We're the big team.

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Originally Posted by Right Said Frank

I don't believe he has a source either and simply passes of educated guesses as having a source. How many predictions did he make as to Harts going into administration? 10th time lucky? His source certainly has a scatter gun approach to snippets of information :greengrin

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Well unlike you I know Sergey & I know he has a source. Regardless it astonishes & saddens me that Hibs fans apparently take delight in jumping all over another fan who has kept us updated & entertained for months now. As other posters have said Sergey has been rattling on about the frozen shares for what seems aeons. Until yesterday I can't recall those shares ever being discussed in the MSM.

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Originally Posted by brog

Well unlike you I know Sergey & I know he has a source. Regardless it astonishes & saddens me that Hibs fans apparently take delight in jumping all over another fan who has kept us updated & entertained for months now. As other posters have said Sergey has been rattling on about the frozen shares for what seems aeons. Until yesterday I can't recall those shares ever being discussed in the MSM.

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What's his source called?

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Originally Posted by keekaboo

What's his source called?

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Hooters McBoobs.

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Originally Posted by keekaboo

What's his source called?

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Why bother reading this thread? You'd be better sticking with the Evening News and Daily Record websites if all you want to do is take a pop at Hibs supporters giving their opinion. It's only the internet FFS.

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Originally Posted by brog

Well unlike you I know Sergey & I know he has a source. Regardless it astonishes & saddens me that Hibs fans apparently take delight in jumping all over another fan who has kept us updated & entertained for months now. As other posters have said Sergey has been rattling on about the frozen shares for what seems aeons. Until yesterday I can't recall those shares ever being discussed in the MSM.

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:agree:

And folk wonder why he posted most of the information on the PM board? :rolleyes:

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Originally Posted by matty_f

Hooters McBoobs.

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I know her well :greengrin

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Originally Posted by SloopJB

3 - 2 Elgin Get in.

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Wrong thread Have you lost your Elgin Marbles

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Originally Posted by keekaboo

I know her well :greengrin

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Leave my Cousin out of this,she's a nice lass...INFLATED ego though!..:greengrin

What do you think is an appropriate Christmas present to be sending to the Cheating Hearts who are being asked by the Administrator to cancel x mass and pump more Money into that pink rust bucket as the well paid administrators might need another four months before sealing their fate

I see the brokebackers are still whinging about the poor ticket sales for the Celtic match.

Looks as though their "good news" hasn't encouraged them to go and back the team.

Let's hope those who do go are suffering under an avalanche of goals for 90 mins.

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Originally Posted by SuperAllyMcleod

I see the brokebackers are still whinging about the poor ticket sales for the Celtic match.

Looks as though their "good news" hasn't encouraged them to go and back the team.

Let's hope those who do go are suffering under an avalanche of goals for 90 mins.

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Take it they havent sold many tickets then

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Originally Posted by blackpoolhibs

:agree:

And folk wonder why he posted most of the information on the PM board? :rolleyes:

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Something he tried to get me to do. Wanted to share what I knew with the public board. I did think Hearts would be liquidated based on the scale of the losses to Lithuania and the need to recoup as much as possible. But clearly as I pointed out a few weeks ago the Lith government were not going to hold Hearts responsible for Romanov and were going to accept the CVA as they effectively control UKIO and UBIG, the latter being nothing other than a vehicle to wash the loans through to Romanov. hearts will almost certainly get relegated and spend of time in the lower leagues given their lack of financing post the CVA never mind Rangers presence in the championship next season. hearts do not have the resources to both fund the CVA and the running of the club for several years. Hearts will be a very unattractive prospect with attendances and hence revenues falling. We can take pleasure in their presence on the fringes of Scottish football why we should be going to be the major force outside the ugly Glasgow two.

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Originally Posted by weonlywon6-2

Take it they havent sold many tickets then

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About 7,500 if brokeback is to be believed - you're never sure with that lot. I'm looking forward to seeing the empty seats on TV tomorrow and then winding some of The Cheats up.

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Originally Posted by SuperAllyMcleod

About 7,500 if brokeback is to be believed - you're never sure with that lot. I'm looking forward to seeing the empty seats on TV tomorrow and then winding some of The Cheats up.

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Just as long as they lose as well. That lot have surely used up a life time's worth of luck already.

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Originally Posted by SuperAllyMcleod

About 7,500 if brokeback is to be believed - you're never sure with that lot. I'm looking forward to seeing the empty seats on TV tomorrow and then winding some of The Cheats up.

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Cheers,big team yeah!!

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Originally Posted by keekaboo

Eh, what's that got to do with the Hearts CVA?


:greengrin

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Originally Posted by Ronniekirk

Wrong thread Have you lost your Elgin Marbles

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I may have taken a wrong turning.
Oops.
3 - 2 by the way

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Originally Posted by Greenworld

I suggest we start a fund for TB if you have spare cash give it to hibs its time to forget about othrr clubs and concentrate on hibs.....imagine the boost Terry Butcher would get from a new fighting fund to get new players how much could be raised is this not the best way to improve over hearts or whoever help fund better players ...

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Fans can do that very thing by donating to The Hibernians or Leith Links. Monies raised go to buying season tickets for disadvantaged kids which is brilliant. At the same time, monies raised go into the managers kitty

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Originally Posted by Jonnyboy

Fans can do that very thing by donating to The Hibernians or Leith Links. Monies raised go to buying season tickets for disadvantaged kids which is brilliant. At the same time, monies raised go into the managers kitty

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Where do we get details on how to contribute?

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Originally Posted by SuperAllyMcleod

Where do we get details on how to contribute?

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Here you go buddy

The Hibernians http://www.hibernianfc.co.uk/page/Th...,10290,00.html

Leith Links http://leithlinks4kids.com/

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Originally Posted by Jonnyboy

Fans can do that very thing by donating to The Hibernians or Leith Links. Monies raised go to buying season tickets for disadvantaged kids which is brilliant. At the same time, monies raised go into the managers kitty

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That sounds a great cause and a great way to fill the ground
I have never heard of this before so I would suggest a big number of hibs fans have not
Either. ........can hibs.net do more to promote and give
More detail on how we do this . How good would it be if enogh money
Was donated to get anothrr 1000 bums on seats

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Originally Posted by Greenworld

That sounds a great cause and a great way to fill the ground
I have never heard of this before so I would suggest a big number of hibs fans have not
Either. ........can hibs.net do more to promote and give
More detail on how we do this . How good would it be if enogh money
Was donated to get anothrr 1000 bums on seats

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:agree:

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Originally Posted by Dashing Bob S

Jambo 1: UBIG?

Jambo 2: Aye. We're the big team.

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:thumbsup::hilarious

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Originally Posted by Jonnyboy

Fans can do that very thing by donating to The Hibernians or Leith Links. Monies raised go to buying season tickets for disadvantaged kids which is brilliant. At the same time, monies raised go into the managers kitty

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That sounds a great cause and a great way to fill the ground
I have never heard of this before so I would suggest a big number of hibs fans have not
Either. ........can hibs.net do more to promote and give
More detail on how we do this . How good would it be if enogh money
Was donated to get anothrr 1000 bums on seats

Quote:

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Originally Posted by butchersdug

I have experience in working with businesses who going down the swanny, Hearts could come out of all this debt free tomorrow and would still be completely struggling for years. Baring a miracle (or Killie admin) they will be relagated this year and will struggle in a very competitive league, that stadium takes up a hell of a lot of cash just to keep it open and they have a core support that wrongly demand that they should be no lower than 3rd in the league. All this will put stresses on whoever picks up this mess and may cause them to spiral into another admin.

What should be our mentality is, yes Hearts will survive this. Hibs and the clubs fans must make it our duty, to absolutely destroy this team on the park. This will kill them more than any financial situation.Huge opportuntiy for us to do this in the next 5/10 years

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Love this.

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Originally Posted by Antwerphibs

Personally, I think his [sic] Sergey's source is from the land of make believe.

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Originally Posted by Right Said Frank

I don't believe he has a source either...blah, blah, blah

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Is there a collective noun for cretins?

Can someone correct me if im wrong...
Its ukio who have the deeds to tynie so thats why they are being offered the 2.5mil.
Ubig hold no securities so hertz offer them zero. So they can either accept that.. or hold out for.... nothing. Is that right?

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Originally Posted by Sergey

Is there a collective noun for cretins?

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I think it might be ar5eholes?

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Originally Posted by Sergey

Is there a collective noun for cretins?

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A gorgie.

Out in town. Was enjoying my cigarette until some hearts **** started waving 5-1 with his fingers in my puss.

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Originally Posted by Lewis-1875

Out in town. Was enjoying my cigarette until some hearts **** started waving 5-1 with his fingers in my puss.

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Text message maybe??

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Originally Posted by Sergey

Is there a collective noun for cretins?

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Cretin, wind your neck back in. I don't know you, all I have to go on are your posts on here. From what I've read over the years your record when it comes to predicting the demise of Hearts is patchy at best, you cried wolf one too many times for me in regards to when they would go into administration, hence my skepticism.

No one has has stuck the boot in, merely a couple of people who don't know you saying they take your source with a pinch of salt, nothing more, and not an entirely ridiculous assertion.

Lets not get all AVB over any "criticism" of a poster on an internet messageboard.

Quote:

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Originally Posted by Mellow Hibee

So even if they don't go into liquidation, they have spent taxpayers and other creditors money for success on the park and aren't going to pay it back. Lets see what the kickback Jambos think of that....

Colinmaroon
SPL, "The whole basis of a financial fair play set of rules is to ensure that if there is a sporting advantage that has been obtained, you can address that through some sort of sporting sanction."

You mean like buying success with the Taxpayers money?
All these trophies bought with money stolen from the taxpayer!

The Gasman
There is no way that the ConDem government, or the Treasury, should allow HMRC to settle for pennies in the pound when services, pensions, and benefits are being cut left, right, & centre.

OldCastlerock2012
Basically all of the many creditors currently not getting paid - including public bodies, i.e. taxpayers, and fellow football clubs - are subsidising the continuation of their club. They should be immediately liquidated and told to get themselves out of the mess they got themselves into, with a newco forced to start at the bottom of the Scottish football pyramid.

Radge21
I hope Alex Salmond was trying to get our tax money back and nothing else.
I am astonished our first minister has got involved.
Political parties backing football clubs in this country is dangerous.

So many people owed money and they have no intention of giving them it back.

K1874M
What I don't get is why were we and other clubs giving them 'tick'. Even the council ffs, everyone knew they were screwed financially.

And my personal favourite..

Dexter
How many of those creditors may face financial hardship should these welts squirm into a CVA ?
It's disgusting.
I HATE them more than any other football club in the world.
Disgusting.

Oh no wait, that was what they thought of Rangers in the run up to a potential debt shedding, creditor screwing CVA. There are thousands more as well in the rangers thread talking about creditors getting cheated, tainted trophies, hospitals not built, etc. So among the (possibly premature) celebrations going on over there, I suspect that there is a little shame deep down.

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Belting. A classic snapshot of human hypocrisy.

Concerned that these guys may have made their comments a while ago, or were unrepresentative samples:

Average number of Posts : 9000 (1000 -23000 range)
Active in Kickback as of today: 5/6

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Originally Posted by RoYO!

Can someone correct me if im wrong...
Its ukio who have the deeds to tynie so thats why they are being offered the 2.5mil.
Ubig hold no securities so hertz offer them zero. So they can either accept that.. or hold out for.... nothing. Is that right?

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Hearts have the deeds to the PBS. UKIO have the security. So they get the money on offer.

UBIG will get nothing if there is liquidation. They may get something for their shares if the CVA goes through.

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Originally Posted by CropleyWasGod

They may get something for their shares if the CVA goes through.

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Or, to put it another way, the CVA may go through if they get something for their shares.

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Originally Posted by lapsedhibee

Or, to put it another way, the CVA may go through if they get something for their shares.

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:agree:

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Originally Posted by Coco Bryce

Text message maybe??

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No, just thought I'd share my hatred.

Quote:

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Originally Posted by einstein

Yes it has :flag:

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link ?

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Originally Posted by CropleyWasGod

Hearts have the deeds to the PBS. UKIO have the security. So they get the money on offer.

UBIG will get nothing if there is liquidation. They may get something for their shares if the CVA goes through.

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so how much of their debt have they written off with this cva

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Originally Posted by leggeto

so how much of their debt have they written off with this cva

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If it goes through, about £27m.

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Originally Posted by CropleyWasGod

If it goes through, about £27m.

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2.5m for 27m and all the humpings they've dished out to us,think they maybe got a good deal there,have thought all along after falling into the barrel of sh@ite they will be smelling of roses after all

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Originally Posted by CropleyWasGod

If it goes through, about £27m.

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So about £8 for every man, woman and child in Lithuania, + £3 million to pay their taxes and other creditors. Well played Hearts :******:

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Originally Posted by rcarter1

So about £8 for every man, woman and child in Lithuania, + £3 million to pay their taxes and other creditors. Well played Hearts :******:

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And thats not counting the debt for equity and forgiveness debt scams which added another £ 20 odd million which the Lithuanian people will end up paying for.

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Originally Posted by greenginger

And thats not counting the debt for equity and forgiveness debt scams which added another £ 20 odd million which the Lithuanian people will end up paying for.

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This is something else which the msm fail to mention when talking about hertz debts. The old Derren Brown sleight of hand....now you see it, now you don't. Wasn't the debt traded into the worthless shares which are now being held by UBIG? The same shares FoH now want returned to their ownership for nothing. Almost makes me believe that they DID owe it to themselves. They're certainly getting rid of it for f*** all

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Originally Posted by Jack Hackett

This is something else which the msm fail to mention when talking about hertz debts. The old Derren Brown sleight of hand....now you see it, now you don't. Wasn't the debt traded into the worthless shares which are now being held by UBIG? The same shares FoH now want returned to their ownership for nothing. Almost makes me believe that they DID owe it to themselves. They're certainly getting rid of it for f*** all

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Indeed. And while the rest of Scottish football closes it`s eyes and takes little interest in this, the scam that the Gorgie rats have perpetrated is on a far worse scale than the one Rangers did. DeadCo robbed Hector and cheated Scottish football. Hearts robbed Hector, cheated Scottish football, robbed a number of charities and scammed a nation out of it`s savings.

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Originally Posted by SurferRosa

Indeed. And while the rest of Scottish football closes it`s eyes and takes little interest in this, the scam that the Gorgie rats have perpetrated is on a far worse scale than the one Rangers did. DeadCo robbed Hector and cheated Scottish football. Hearts robbed Hector, cheated Scottish football, robbed a number of charities and scammed a nation out of it`s savings.

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this :agree:

I can't say I'm too bothered about this mob any more.

It feels good waking up knowing that I amn't a fraud and that everything I have achieved I have done so without cheating.

I almost pity them as no matter what they do from now on, this CVA will always cast a shadow on their club.

Bob Jamieson seems like a good guy though

http://www.scotsman.com/sport/footba...main-1-3215406

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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Originally Posted by Lewis-1875

Out in town. Was enjoying my cigarette until some hearts **** started waving 5-1 with his fingers in my puss.

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Stub your cigarette out on them next time.

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Originally Posted by peter douglas

I can't say I'm too bothered about this mob any more.

It feels good waking up knowing that I amn't a fraud and that everything I have achieved I have done so without cheating.

I almost pity them as no matter what they do from now on, this CVA will always cast a shadow on their club.

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It certainly will.

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Originally Posted by keekaboo

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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What idiots are going to buy shares in a white elephant just to make life difficult for FoH? This guy Jamieson is by all accounts a bit of an idiotic Walter Mitty character.

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Originally Posted by Jim44

What idiots are going to buy shares in a white elephant just to make life difficult for FoH? This guy Jamieson is by all accounts a bit of an idiotic Walter Mitty character.

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I'd be up for organising a hibs.net kitty and buying the shares... Then plunging them into liquidation :cb

If I'm reading this thread correctly the Save Hearts In Trouble offer is £2.5m.

Of that money, the first chunk will go on paying BDO for their hard work in saving the Yams. The balance will then be split between UKIO in exchange for the security over the PBS and a small amount to UBIG for their shares?

But doesn't that mean that UBIG will be getting a preference over the other shareholders and creditors if they receive something? Is that preference legal? And what value can their shares have, now that the votes have taken place?

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Originally Posted by CropleyWasGod

If it goes through, about £27m.

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Does the £27m include the debt for equity swaps/debt write off, inter co transactions?

As well as the UBIG shareholding is the quantum holdings shareholding significant at all?

There appears to be a belated outburst of honesty emanating from BDO & F of H.
1. BDO have basically stated that Shoeless Bob is trying to buy the shares, if he does then hello liquidation!
I love BJ's comment though " we have prior knowledge & experience though that they ( the Liths ) don't have yet". Yep, like PBS on its own is worth a lot more than the £1.5/£2.0m that UKio will get.
2. Meanwhile Ian Murray is hit by contrition & for the first time mentions businesses & HMRC losing out because of Yams actions.
Now here's a perverse thought. I think given that UBIG stands for Ukio Bankas Investment Group there's a fair chance that UKIO & UBIG, may, contrary to BDO's assertions be one & the same, right now effectively the Lithuanian government. What's to stop UBIG demanding several millions for their shares, probably even £1m would scupper the deal. Liquidation follows, UKIO gets a hold of PBS after all. UKIO tell Yams we tried our best, its these pesky guys at UBIG that did it. Result - happiness!!
PS, I think some people owe Sergey an apology. Its now clear they originally intended to vote against the CVA & were persuaded to abstain by BJ. They may also have realised they now have sole leverage with the shares. This will run & run!

Maybe BDO have a PM account on here and Sergeys info was the catalyst for the negotiations to start last week.

Sent from my SCH-I535 using Tapatalk

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Originally Posted by keekaboo

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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As you're probably aware by now it appears Shoeless Bob has done exactly that. The value of anything however is what another party is prepared to pay to get it. In this case UBIG's shares are worth whatever Bob J has offered or whatever F of H may raise Bob's bid by. I suspect UBIG could probably squeeze about £0.5m out of F of H. If Bob's bid is in excess of that & he can deliver guarantees then as you say UBIG really have to accept that deal. Perversely, Bob's fantasy re owning Yams may be a more sustainable business model than F of H!

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Originally Posted by brog

As you're probably aware by now it appears Shoeless Bob has done exactly that. The value of anything however is what another party is prepared to pay to get it. In this case UBIG's shares are worth whatever Bob J has offered or whatever F of H may raise Bob's bid by. I suspect UBIG could probably squeeze about £0.5m out of F of H. If Bob's bid is in excess of that & he can deliver guarantees then as you say UBIG really have to accept that deal. Perversely, Bob's fantasy re owning Yams may be a more sustainable business model than F of H!

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Yep, read that just after I posted.

I still don't trust him, though, so I still think we'de be better trying to get the money together ourselves http://www.hibs.net/images/smilies/greengrin2.gif

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Originally Posted by #FromTheCapital

I'd be up for organising a hibs.net kitty and buying the shares... Then plunging them into liquidation :cb

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I'll donate :greengrin

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Originally Posted by keekaboo

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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Like an off shore company and backed by STF ?

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Originally Posted by Weststandwanab

Like an off shore company and backed by STF ?

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:greengrin

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Originally Posted by keekaboo

OK, the work I do requires a logical mind so I've decided to apply it to the Hearts CVA. Here's my summation and a possible logical extra parameter that could give an alternative result.


1) FoH currently rely on the UBIG Admins saying yes to the CVA

2) The UBIG Admins responsibility is to gain the most money they can to make up for the millions of losses they currently face.

3) FoH have so far offered them a grand total of Zero.

4) Result: UBIG have to decide between: A - Saying yes and getting Zero via the CVA. B - Saying No and getting Zero via Liquidation.

I do believe that is called Hobson's Choice (i.e. No choice at all)


Let's just, for the sake of argument, add an extra option in step 4...

4) ..... C - A third party offers them more than FoH for the shares, which they are obliged to accept, given Number 2 (above).


Suddenly, there's a possible different outcome. Now, if only we could find a Third Party willing to offer money to UBIG for the shares. Hibs.net perhaps......

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If Sideshow Bob or whoever buy the UBIG shares, what advantage do they have when the CVA fails? Is it certain liquidation and they become worthless or can they be used as part of a counter bid to get the club / SFA registration etc and but ground separately? I gess what i am asking is why would anyone but them?

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Originally Posted by Col2

If Sideshow Bob or whoever buy the UBIG shares, what advantage do they have when the CVA fails? Is it certain liquidation and they become worthless or can they be used as part of a counter bid to get the club / SFA registration etc and but ground separately? I gess what i am asking is why would anyone but them?

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Why would Hibs fans buy them? I'm sure you could think of a reason.

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Originally Posted by Eyrie

If I'm reading this thread correctly the Save Hearts In Trouble offer is £2.5m.

Of that money, the first chunk will go on paying BDO for their hard work in saving the Yams. The balance will then be split between UKIO in exchange for the security over the PBS and a small amount to UBIG for their shares?

But doesn't that mean that UBIG will be getting a preference over the other shareholders and creditors if they receive something? Is that preference legal? And what value can their shares have, now that the votes have taken place?

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The £2.5m is for the CVA, the UBIG shares in HoMFC would have to be negotiated (and paid for) separate of this pot.

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Originally Posted by brog

Its now clear they originally intended to vote against the CVA & were persuaded to abstain by BJ. They may also have realised they now have sole leverage with the shares. This will run & run!

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Sorry, i must have missed something. What evidence found or statement given proves this?

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Originally Posted by keekaboo

:greengrin

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No I am serious !

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Originally Posted by Col2

If Sideshow Bob or whoever buy the UBIG shares, what advantage do they have when the CVA fails? Is it certain liquidation and they become worthless or can they be used as part of a counter bid to get the club / SFA registration etc and but ground separately? I gess what i am asking is why would anyone but them?

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Ok, here is how I would see that scenario. CVA fails and whomever has bought the shares offers to buy the PBS from BJ and offers to rent the stadium to F.O.H. providing they can acquire the football club from BJ and they become the landlords to the Jambos. That would probably ensure their inferiority in Edinburgh for decades for the princely sum of a few Million quid. Now if only someone Hibs minded had that sort of dough !

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Originally Posted by Weststandwanab

No I am serious !

Ok, here is how I would see that scenario. CVA fails and whomever has bought the shares offers to buy the PBS from BJ and offers to rent the stadium to F.O.H. providing they can acquire the football club from BJ and they become the landlords to the Jambos. That would probably ensure their inferiority in Edinburgh for decades for the princely sum of a few Million quid. Now if only someone Hibs minded had that sort of dough !

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If the CVA fails, it's liquidation.

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Originally Posted by SurferRosa

Sorry, i must have missed something. What evidence found or statement given proves this?

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I think it's the press statement from BDO (Brian J) .... Basically he said they were negotiating late on Thursday with UBIG and successfully managed to get them to abstain. .... Think it was the Scotsman that reported it.

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Originally Posted by CropleyWasGod

If the CVA fails, it's liquidation.

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Indeed but someone, with that idea in mind, and time until January to negotiate a variance of that with a four way agreement could pull that off ! Sevco was a five way agreement.

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Originally Posted by CropleyWasGod

If the CVA fails, it's liquidation.

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Yes, but weststand's scenario could still come to fruition, in that the assets would then be sold separately.


However, my 'proposal' is cheaper and much simpler. Buy the UBIG shares for a few hundred grand then sit on them while Hearts go into Liquidation.

Et Voila, Mercer's dream of 'One City, One Team' is finally realised and, if the purchaser just happened to own or support that one remaining team, money well spent.

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Originally Posted by Sir Alf R

I think it's the press statement from BDO (Brian J) .... Basically he said they were negotiating late on Thursday with UBIG and successfully managed to get them to abstain. .... Think it was the Scotsman that reported it.

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OK Thanks. That seems clear enough.

I`m no a reader of that particular paper. :greengrin

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Originally Posted by SurferRosa

OK Thanks. That seems clear enough.

I`m no a reader of that particular paper. :greengrin

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Yep, it's a bit too much 'Better Together' for my liking as well.


:wink:

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Originally Posted by SurferRosa

OK Thanks. That seems clear enough.

I`m no a reader of that particular paper. :greengrin

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Lol

Me neither ..... Mind you, if it's "good" news about them, I read everything! :D

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Originally Posted by rcarter1

So about £8 for every man, woman and child in Lithuania, + £3 million to pay their taxes and other creditors. Well played Hearts :******:

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The total cost as I have detailed here several times is £70 million because of all the debt forgiveness and debt to equity tricks that Romanov pulled over the years. Nearly 25% of the Lith state's bailout of Ukio.

Might be a simplistic view and I confess to knowing nothing about the administration process other than that what I've gained on here, however I do have several years experience in negotiations and smell a rat.

If the Lithuanians are under pressure to come out of this with not only the best deal possible for their guys but also to keep a diplomatically clean shirt, then maybe they're playing good cop bad cop.

It's possible that they're concerned about their image and want UKIO to play good cop and play along giving the impression that they're doing all they can to assist our Yamish neighbours get out of this hole created by the nasty Lithuanian submarine commander. UBIG on the other hand are the bad cops who eventually scupper the whole deal meaning liquidation and the highest return for the Liths and the diplomatic shirt is still relatively clean due to UKIO having tried their best to save them.

Win win situation for the Liths!

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Originally Posted by keekaboo

Yes, but weststand's scenario could still come to fruition, in that the assets would then be sold separately.


However, my 'proposal' is cheaper and much simpler. Buy the UBIG shares for a few hundred grand then sit on them while Hearts go into Liquidation.

Et Voila, Mercer's dream of 'One City, One Team' is finally realised and, if the purchaser just happened to own or support that one remaining team, money well spent.

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True, and that would be great as a Hibby but my scenario would mean no loss of a couple of hundred big ones and possible control over the rent payable for the PBS for decades to come !

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Originally Posted by keekaboo

Yep, it's a bit too much 'Better Together' for my liking as well.


:wink:

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:greengrin

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Originally Posted by desantos0773

The total cost as I have detailed here several times is £70 million because of all the debt forgiveness and debt to equity tricks that Romanov pulled over the years. Nearly 25% of the Lith state's bailout of Ukio.

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You are correct but whether if is £8, or £80, a head it is disgraceful.

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Originally Posted by Hiberlin

Might be a simplistic view and I confess to knowing nothing about the administration process other than that what I've gained on here, however I do have several years experience in negotiations and smell a rat.

If the Lithuanians are under pressure to come out of this with not only the best deal possible for their guys but also to keep a diplomatically clean shirt, then maybe they're playing good cop bad cop.

It's possible that they're concerned about their image and want UKIO to play good cop and play along giving the impression that they're doing all they can to assist our Yamish neighbours get out of this hole created by the nasty Lithuanian submarine commander. UBIG on the other hand are the bad cops who eventually scupper the whole deal meaning liquidation and the highest return for the Liths and the diplomatic shirt is still relatively clean due to UKIO having tried their best to save them.

Win win situation for the Liths!

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I think this is a distinct possibility.

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Originally Posted by Weststandwanab

I think this is a distinct possibility.

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I do hope you are right but is it not the two set of lith administrators who would have to be in league with each other to arrange this?

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Originally Posted by Hiberlin

Might be a simplistic view and I confess to knowing nothing about the administration process other than that what I've gained on here, however I do have several years experience in negotiations and smell a rat.

If the Lithuanians are under pressure to come out of this with not only the best deal possible for their guys but also to keep a diplomatically clean shirt, then maybe they're playing good cop bad cop.

It's possible that they're concerned about their image and want UKIO to play good cop and play along giving the impression that they're doing all they can to assist our Yamish neighbours get out of this hole created by the nasty Lithuanian submarine commander. UBIG on the other hand are the bad cops who eventually scupper the whole deal meaning liquidation and the highest return for the Liths and the diplomatic shirt is still relatively clean due to UKIO having tried their best to save them.

Win win situation for the Liths!

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i said much the same in #32879 . I think it's a tad too Machiavellian to happen but would be pleasing!