Share Transfers Agreed/Cooling off period

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02-05-2013, 03:34 PM
kdhibees1

Bush kens the script!

http://img.izismile.com/img/img3/201...ng_gifs_05.gif
02-05-2013, 03:35 PM
Sanger

Yes all over

UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.
02-05-2013, 03:36 PM
green glory

Quote:

Originally Posted by CropleyWasGod

Not yet. The foreplay is increasing in intensity, but the climax has yet to be attained.

Roll with it.

Looking forward to the vinegar strokes.
02-05-2013, 03:37 PM
God Petrie

Quote:

Originally Posted by desantos0773

UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.

you should hand out boxes of kleenex with your posts
02-05-2013, 03:37 PM
CropleyWasGod

Quote:

Originally Posted by desantos0773

UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.

Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.
02-05-2013, 03:37 PM
Caversham Green

Quote:

Originally Posted by Thecat23

Most over there still think this is a good thing. They will get a buyer and they will still be at Tynnie. Surely these folk can't be serious?

The complacency over there is breathtaking. Can you imagine what would happen if Rod and STF had got our club into the state HoMFC are in?
02-05-2013, 03:38 PM
PatHead

Wonder if the Jambos will be singing this by the end of the day in defiance. http://www.youtube.com/watch?v=6E2hYDIFDIU
02-05-2013, 03:38 PM
TAHibby

:giruy:
02-05-2013, 03:38 PM
Glesgahibby

Quote:

Originally Posted by desantos0773

UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.

SPOT ON SIR!!!!
GAME OVER :greengrin
02-05-2013, 03:39 PM
Hibs07p

This is how I'm feeling.

http://www.youtube.com/watch?v=9awyOmLgQD8

http://www.youtube.com/watch?v=ouLbmyRzbBM

http://www.youtube.com/watch?v=iz_04QXRWao

http://www.youtube.com/watch?v=99lR07VXqCc
02-05-2013, 03:39 PM
Hibby70

Vinegar!!!!!!!!!
02-05-2013, 03:39 PM
SteveHFC

http://media.tumblr.com/tumblr_makw0hBzAO1r17d4o.gif
02-05-2013, 03:41 PM
jgl07

Quote:

Originally Posted by CropleyWasGod

Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.

There were suggestions that Tynecastle could have been transferred as part of the debt for equity switches.
02-05-2013, 03:41 PM
essexhibee

Absolutely no sign of anyone worrying about this on keekback? Are they deaf dumb and blind? :confused:
02-05-2013, 03:42 PM
Sanger

Quote:

Originally Posted by CropleyWasGod

Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.

The claims on Tynecastle and Romanov's shares are. They effectively become assets as UB are bankrupt and can't pay back the loans.
02-05-2013, 03:42 PM
Leishy1995

Yesterday, all my troubles seemed so far away
02-05-2013, 03:42 PM
Heisenberg

So is it still a case of #allisbarry?
02-05-2013, 03:42 PM
MacBean

Quote:

Originally Posted by CropleyWasGod

Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.

If UBIG have provided Hearts FC as security over their debt (As the bloomberg article would suggest), and UBGI can't repay their debt, then the security for said debt would be transferred to UB administrators. In this instance, that is Hearts FC and all of it's assets, i.e. Tynecastle, name rights, SPL rights, players, staff, etc...

Then UB administrator could asset strip HMFC
02-05-2013, 03:42 PM
hibsmad

Quote:

Originally Posted by essexhibee

Absolutely no sign of anyone worrying about this on keekback? Are they deaf dumb and blind? :confused:

No.

Just thick as ****
02-05-2013, 03:42 PM
Killiehibbie

I wasn't going to get up that early to attend the derby but I might now :giruy:
02-05-2013, 03:43 PM
Hibby Gav

Quote:

Originally Posted by Pames McJake

you should hand out boxes of kleenex with your posts

:top marks

And maybe a cigarette and the local dominoes number for after.....:wink:
02-05-2013, 03:45 PM
Mikey

Quote:

Originally Posted by MacBean

If UBIG have provided Hearts FC as security over their debt (As the bloomberg article would suggest), and UBGI can't repay their debt, then the security for said debt would be transferred to UB administrators. In this instance, that is Hearts FC and all of it's assets, i.e. Tynecastle, name rights, SPL rights, players, staff, etc...

Presumably meaning that Hearts are owned by a bankrupt outfit?

Therefore meaning an immediate 18 point deduction??
02-05-2013, 03:47 PM
Heisenberg

Barry Anderson‏@BarryAnderson_86mUkio going bankrupt means £15m #Hearts owe them could be recalled. If so, it would force #HMFC into admin. Down to Ukio administrator now.

Nae luck Barry :fenlonMon the administrator :thumbsup:
02-05-2013, 03:47 PM
littleplum

Quote:

Originally Posted by M17

So is it still a case of #allisbarry?

Not according to Barry

Barry Anderson ‏@BarryAnderson_8 16m Confirmed, Ukio declared bankrupt RT @edinburghpaper Hearts in crisis: Ukio Bankas goes bankrupt http://bit.ly/120Yr4e
02-05-2013, 03:48 PM
Green Man

1 Attachment(s)

I've always hated this gif, but I knew I'd find a use for it one day.

Attachment 9730
02-05-2013, 03:48 PM
Killiehibbie

Quote:

Originally Posted by Mikey

Presumably meaning that Hearts are owned by a bankrupt outfit?

Therefore meaning an immediate 18 point deduction??

Hopefully it's as straight forward as that.
02-05-2013, 03:48 PM
GordonHFC

Quote:

Originally Posted by M17

Barry Anderson‏@BarryAnderson_86mUkio going bankrupt means £15m #Hearts owe them could be recalled. If so, it would force #HMFC into admin. Down to Ukio administrator now.

Nae luck Barry :fenlonMon the administrator :thumbsup:

So 'allisnotbarry' then?
02-05-2013, 03:48 PM
MacBean

Quote:

Originally Posted by Mikey

Presumably meaning that Hearts are owned by a bankrupt outfit?

Therefore meaning an immediate 18 point deduction??

UBIG still "own" HMFC, and until UBIG are declared in Admin/Bankrupt then there will be no 18 point deduction. Only when UB admin calls in UBIG debt will we know of the next steps. If UBIG can't pay, HMFC and it's assets will be offered.
02-05-2013, 03:50 PM
lord bunberry

Tha pink hoose must stay open
02-05-2013, 03:51 PM
cam75

http://m.youtube.com/watch?v=hAF_EPNQOlU

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