Share Transfers Agreed/Cooling off period

It's actually quite funny cos the roasters on Brokeback think we or should I say CWG/Sergey and Bajillions are making this all up and it's a .net/hobo myth that we've made up.

But in reality it's what's actually happened/happening.

As someone mentioned the other day there is not a lot of positive vibes/spin coming out of the PBS with BJ/FOF and in particular from Banderson. In fact it's all gone quiet.

For you roasters looking in this is all pleasing.

Tick tick with every passing minute and hour of everyday you move a step closer to the big L.

Oh it's all gone quiet over there, Oh it's all gone quiet over there, Oh it's all gone quiet, all gone quiet, all gone quiet over there. FTH

Quote:

---

Originally Posted by Waxy

What worries me is if they get to the point when cash runs out, could purple pants not just gift them the cash to see them through?
If I had 40 mil and we needed it, i'd give and i'm sure most Hibbys would.

---

The original figure quoted in the papers was £40m.

Just before they realised having a single owner with lots of dosh wouldn't go down well in Lithuania this popped up to £70m (probably Barry but I couldn't confirm that :-) before they started saying things like capital gain tax and whatnot from the original £40m left pauper Budgie with around £25m.

I hope this helps :-)

If they get liquidated does the PBS automatically go on the open market as this didn't happen with Ibrox (or did it)? As they seemed to get it and the training ground from about £2m or £4m

Quote:

---

Originally Posted by Weststandwanab

She had circa £25m after tax, she will not throw it away and will probably pick it up debt free after the big L for relatively little.

Now that would be funny.

---

I think most of us wouldn't begrudge her that one! :cb

Quote:

---

Originally Posted by MM19

If they get liquidated does the PBS automatically go on the open market as this didn't happen with Ibrox (or did it)? As they seemed to get it and the training ground from about £2m or £4m

---

It was a condition of the CVA offer that if it was turned down then the assets would transfer to Sevco 5088 for £5.5m

Quote:

---

Originally Posted by MM19

If they get liquidated does the PBS automatically go on the open market as this didn't happen with Ibrox (or did it)? As they seemed to get it and the training ground from about £2m or £4m

---

Different situations.

With RFC the CVA had a Plan B in case it wasn't passed.

With HMFC there is no Plan B

Quote:

---

Originally Posted by Ozyhibby

It was a condition of the CVA offer that if it was turned down then the assets would transfer to Sevco 5088 for £5.5m

---

Which always seemed a highly dodgy agreement to me.

Quote:

---

Originally Posted by Ozyhibby

It was a condition of the CVA offer that if it was turned down then the assets would transfer to Sevco 5088 for £5.5m

---

Thanks I wondered how they had got the stadium etc for such a low amount and was a bit worried the yams could do the same with the PBS

Quote:

---

Originally Posted by CropleyWasGod

Different situations.

With RFC the CVA had a Plan B in case it wasn't passed.

With HMFC there is no Plan B

---

Thanks it makes sense now just as well they haven't got a plan B

Kilmarnock Chairman has just been on Sportsound - they have wiped their debt out. Another straw evaporates ...

http://www.bbc.co.uk/sport/0/scotland/25159932

This was BJ the day of the CVA meeting. Covers a bit about the ST's.

Quote:

---

Originally Posted by LeithenHibby

:greengrin Yeah, I'll go with 19th May.

---

And post 2012

Quote:

---

Originally Posted by CropleyWasGod

Different situations.

With RFC the CVA had a Plan B in case it wasn't passed.

With HMFC there is no Plan B

---

They can have a Plan C, and a plan D, E, F 'n G. They can have all the Plans they want, but they don't really have the CVA - so all their wee meetings and sub-committee meetings and voting reps onto advisory boards and showing off their latest cardigans at all those pathetic "createhistory" sub-divisional minute-taking sprees mean hee-haw. Nothing has really happened to take them anywhere near being safe.

Quote:

---

Originally Posted by Radium

Kilmarnock Chairman has just been on Sportsound - they have wiped their debt out. Another straw evaporates ...

---

"Aye, but - Killie are next then Hibs, Dundee Utd urny safe either. One o' thaim will get relegated no The Famous."

The jambos I speak to are talking about Rudi and Levein. It's going to make it even more delightful as the dream evaporates to leave them with even less than a manager universally regarded as a complete **** and a player who hasn't played football for 18 months.

Quote:

---

Originally Posted by Aldo

It's actually quite funny cos the roasters on Brokeback think we or should I say CWG/Sergey and Bajillions are making this all up and it's a .net/hobo myth that we've made up.

But in reality it's what's actually happened/happening.

As someone mentioned the other day there is not a lot of positive vibes/spin coming out of the PBS with BJ/FOF and in particular from Banderson. In fact it's all gone quiet.

For you roasters looking in this is all pleasing.

Tick tick with every passing minute and hour of everyday you move a step closer to the big L.

---

Some of us, from day 1, have always thought the big L would be the outcome and I still think so right now.

Hell even I was quoted once on that site.

Quote:

---

Originally Posted by Hot Shot Hamish

Oh it's all gone quiet over there, Oh it's all gone quiet over there, Oh it's all gone quiet, all gone quiet, all gone quiet over there. FTH

---

Ever wondered why ?

Quote:

---

Originally Posted by LeithenHibby

I think most of us wouldn't begrudge her that one! :cb

---

Indeed, neither would I

Quote:

---

Originally Posted by CropleyWasGod

Different situations.

With RFC the CVA had a Plan B in case it wasn't passed.

With HMFC there is no Plan B

---

I am not sure there is a Plan A

Quote:

---

Originally Posted by grunt

Which always seemed a highly dodgy agreement to me.

---

Duff and Duffer may still be taken to task over that.

Quote:

---

Originally Posted by Weststandwanab

Some of us, from day 1, have always thought the big L would be the outcome and I still think so right now. Hell even I was quoted once on that site. Ever wondered why ? Indeed, neither would I I am not sure there is a Plan A Duff and Duffer may still be taken to task over that.

---

The big L has been my preferred option as well. Want them wiped out and playing in the lowest league possible.

Gorgie Yam dump gets a make-over,


http://www.edinburghnews.scotsman.co...rant-1-3340451

Pryde's...... it'll all end in tears. :greengrin

Just had a look at Kickback. Donations thread indicate a total of £15 donated today. That works out at £105 per week, just over 5 grand in a year. Not even enough to cover a nose job for Rudi............

TICK TOCK

Plan B consists of 5 tugs followed by 1 blurt

The saddest thing for Hearts fans is that the more their misery grows as it becomes apparent that the club is sinking into oblivion, the more poisoned a chalice the memory of 5-1 becomes. It will soon come to symbolise (for them and Scottish football as a whole) the suicide of the club, rather than it's greatest triumph.

They really are writing an incredible story here, but it's very, very far from the one that Ian Murray/FOH/EEN are spinning them.

Quote:

---

Originally Posted by GreenLake

Plan B consists of 5 tugs followed by 1 blurt

---

Why, that's quicker than a crooked Craig Thomson penalty decision / red card

If I understand things correctly.....

We're all waiting on a meeting.

If it happens, and everybody says 'aye', herts are happy and we're not a little hacked off.

If it doesny happen, herts get the biggest boot to their collective knackers, ever.

And so far, it hasny happened. Not even penciled in.

So, if we were to put this little ever so real scenario into football parlance, we're saying, Hibs are 1 nil up, against 10 man herts, with 5 mins to go???

Park the bus boys, park the bus. :cb

Quote:

---

Originally Posted by Aldo

The big L has been my preferred option as well. Want them wiped out and playing in the lowest league possible.

---

Me too or even just wiped out would be better

Quote:

---

Originally Posted by Dashing Bob S

The saddest thing for Hearts fans is that the more their misery grows as it becomes apparent that the club is sinking into oblivion, the more poisoned a chalice the memory of 5-1 becomes. It will soon come to symbolise (for them and Scottish football as a whole) the suicide of the club, rather than it's greatest triumph.

They really are writing an incredible story here, but it's very, very far from the one that Ian Murray/FOH/EEN are spinning them.

---

5-1 becomes the tale of Icarus.
:-)

Quote:

---

Originally Posted by Hibernianinc

Park the bus boys, park the bus. :cb

---

Unfortunately we're not driving and its not our bus.

Quote:

---

Originally Posted by Aldo

The big L has been my preferred option as well. Want them wiped out and playing in the lowest league possible.

---

liquidation would just me the dugs danglies,how good a feeling would that be!!!

are we going to organise a hibs.net/bounce celebration drink if it does happen !!!

Quote:

---

Originally Posted by Dashing Bob S

The saddest thing for Hearts fans is that the more their misery grows as it becomes apparent that the club is sinking into oblivion, the more poisoned a chalice the memory of 5-1 becomes. It will soon come to symbolise (for them and Scottish football as a whole) the suicide of the club, rather than it's greatest triumph.

They really are writing an incredible story here, but it's very, very far from the one that Ian Murray/FOH/EEN are spinning them.

---

even the diehards on brokeback have accepted defeat they tried to defy us and our super thread with their silly we thread of defiance its way down on page 2 now they have accepted defeat the pain that will follow will last for years

Quote:

---

Originally Posted by Aldo

The big L has been my preferred option as well. Want them wiped out and playing in the lowest league possible.

---

liquidation would just me the dugs danglies,how good a feeling would that be!!!

are we going to organise a hibs.net/bounce celebration drink if it does happen !!!

Quote:

---

Originally Posted by Hibernianinc

If I understand things correctly.....

We're all waiting on a meeting.

If it happens, and everybody says 'aye', herts are happy and we're not a little hacked off.

If it doesny happen, herts get the biggest boot to their collective knackers, ever.

And so far, it hasny happened. Not even penciled in.

So, if we were to put this little ever so real scenario into football parlance, we're saying, Hibs are 1 nil up, against 10 man herts, with 5 mins to go???

Park the bus boys, park the bus. :cb

---

We're actually waiting on 3 meetings, so.......

Get the ba' intae the corners.

Oh no, wait, He'rts tried that,

Quote:

---

Originally Posted by Ozyhibby

5-1 becomes the tale of Icarus.
:-)

---

Pyrrhus too :greengrin

Those ancient Greeks had Homfc sussed :agree:

Quote:

---

Originally Posted by Ozyhibby

5-1 becomes the tale of Icarus.
:-)

---

Geek mythology. Shaun Lawson is already scripting for Hollywood.

είναι νεκροί....

:flag:

Quote:

---

Originally Posted by grunt

Unfortunately we're not driving and its not our bus.

---

They are driving the team coach and convoy of supporters buses over the cliff with accelerators they jammed on, steering wheels they've locked and brakes they've cut, all off their own free will.

Not so bright.

Quote:

---

Originally Posted by Dashing Bob S

Geek mythology. Shaun Lawson is already scripting for Hollywood.

---

He will be writing the role of Iphigenia for himself and Agamemnon for the gassman. Dattenborough will be the old bitch Clytemnestra.

Quote:

---

Originally Posted by GreenLake

He will be writing the role of Iphigenia for himself and Agamemnon for the gassman. Dattenborough will be the old bitch Clytemnestra.

---

:faf: There goes the beer on the keyboard...

Quote:

---

Originally Posted by GreenLake

He will be writing the role of Iphigenia for himself and Agamemnon for the gassman. Dattenborough will be the old bitch Clytemnestra.

---

It will take more than a sacrifice to get the good ship HOMFC sea worthy again.

Quote:

---

Originally Posted by GreenLake

He will be writing the role of Iphigenia for himself and Agamemnon for the gassman. Dattenborough will be the old bitch Clytemnestra.

---

Its already happening ... it doesnt need to be scripted :

The Athens of the North, with a Greek tragedy to the West, starring David Southern.
the final act could yet take place at Easter Road (depending on post split fixtures)

Quote:

---

Originally Posted by Springbank

Its already happening ... it doesnt need to be scripted :

The Athens of the North, with a Greek tragedy to the West, starring David Southern.
the final act could yet take place at Easter Road (depending on post split fixtures)

---

Jambo and the Maroon Fleece

Quote:

---

Originally Posted by Radium

Kilmarnock Chairman has just been on Sportsound - they have wiped their debt out. Another straw evaporates ...

---

Can hear the cries from the roasters on Brokeback saying it's not fair etc and they can't do that.

Quote:

---

Originally Posted by God Petrie

The jambos I speak to are talking about Rudi and Levein. It's going to make it even more delightful as the dream evaporates to leave them with even less than a manager universally regarded as a complete **** and a player who hasn't played football for 18 months.

---

I am hoping they don't get that far and they are wiped from the face of this earth.

Quote:

---

Originally Posted by Dashing Bob S

The saddest thing for Hearts fans is that the more their misery grows as it becomes apparent that the club is sinking into oblivion, the more poisoned a chalice the memory of 5-1 becomes. It will soon come to symbolise (for them and Scottish football as a whole) the suicide of the club, rather than it's greatest triumph. They really are writing an incredible story here, but it's very, very far from the one that Ian Murray/FOH/EEN are spinning them.

---

Brilliant absolutely brilliant. 19/05/12 is the day our club died ..... Accordingly to the roasters on Brokeback however it looks like it could of been the beginning of the end for them. Hardy har.

Quote:

---

Originally Posted by weonlywon6-2

liquidation would just me the dugs danglies,how good a feeling would that be!!! are we going to organise a hibs.net/bounce celebration drink if it does happen !!!

---

Now that would be good.

Quote:

---

Originally Posted by GreenLake

Jambo and the Maroon Fleece

---

The lost city of Gorgie. They are just waiting on the Volcano Erupting and then the Tsunami Tidal Wave will follow and Wipe them off the Map leaving no Trace of that Lost Civilisation .In years to come Archeologists will unearth all these baking artefacts and wonder why this extinct tribe called the Jambos seemed to spend there last hours before extinction frantically baking Jam Tarts . :rolleyes:

News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

Quote:

---

Originally Posted by Col2

News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

---

One of the many reasons I don't waste time on cutback anymore is that by and large, it's populated by morons who think a statement like that has some foundation in reality.

The whole forum is the Internet equivalent of The Office. A ridiculous and unconsciously hilarious parody of what a fans' forum is like in "real life".

Quote:

---

Originally Posted by Col2

News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback.. "Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon" Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

---

That's quite funny tbh Col. Still grasping at the ....the Hobo's are in masses of debt and cannot get out of it.......

Even if we had 7 million it's being paid on time every month as is all our bills.

The deluded roasters will do anything to deflect from their shenanigans.

Big L on it's way I hope.

Quote:

---

Originally Posted by Col2

News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

---

1 - The yams won't be fan owned - Budge will be in control - Biggest (size matters to them once more) ever supporter movement :blah::faf:

2 - Debt free ? No they will be taking on another debt - having to pay it back in the next few years (one debt to another - who will bail them out next time?)

3 - Just over 2 weeks left in March...tick tock..

Quote:

---

Originally Posted by GreenStar

1 - The yams won't be fan owned - Budge will be in control - Biggest (size matters to them once more) ever supporter movement :blah::faf:

2 - Debt free ? No they will be taking on another debt - having to pay it back in the next few years (one debt to another - who will bail them out next time?)

3 - Just over 2 weeks left in March...tick tock..

---

They don't seem to understand that tbh.

They will inherit a £2.5m debt to Budgie if the CVA goes through, plus FOH are committed to paying in £1m of the muppets money in the first year to pay off the footballing debts of £540k approx + pay running costs,

#CreateHistory

:greengrin

FoH must hand over £6.3m before they get control of Hearts.
Hardly debt free.

Quote:

---

Originally Posted by Col2

And a debt free Hearts, again just priceless.

---

Quote:

---

Originally Posted by GreenStar

Debt free ? No they will be taking on another debt - having to pay it back in the next few years

---

Quote:

---

Originally Posted by Tynie01011973

They will inherit a £2.5m debt to Budgie if the CVA goes through, plus FOH are committed to paying in £1m of the muppets money in the first year to pay off the footballing debts of £540k approx + pay running costs,

---

They will be debt free though, won't they, as Mrs Budge is a Hearts supporter so any money they technically "owe" will be to one of their own - so it's not really a debt, is it?

The scenario above are only relevant if the shares are unfrozen.

If it's liquidation, then Save Hearts In Trouble will be able to pick up the football licence for the new Sevco Yams franchise for pennies themselves rather than owing Budge £2.5m for the purchase. They will however still have the football debt and more importantly won't have the PBS any more, leaving them homeless.

Either prospect is something to look forward to.

Quote:

---

Originally Posted by Col2

News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

---

The maroon herd will be expecting a new stadium and training facility to be given to them by the city council and/or some government sports development body.

http://en.wikipedia.org/wiki/Adminis...tish_football)

List of clubs who have been in Administration...#proud :greengrin #createdhistory

Quote:

---

Originally Posted by GreenLake

Jambo and the Maroon Fleece

---

Jambo and the morons fleeced.

Why does it not say dissolved next to der hun?

Quote:

---

Originally Posted by TRC

Why does it not say dissolved next to der hun?

---

:worms:

Probably because they're not.

Noticed that myself. Utterly pathetic the amount of folk that are scared to admit the truth regarding Rangers/The Rangers. Flicked over to The Rangers v Dunfermline earlier. Lasted 3 mins before turning back to Orient v Brentford. The commentator was vomit inducing. "And they quite rightly will get a guard of honour onto the pitch, they are well and truly on their way back...they are Raaaaaaangers!!" Seriously, **** off mate

Wikipedia is run by the people...so maybe it might say dissolved now :wink:

Quote:

---

Originally Posted by the_ginger_hibee

Wikipedia is run by the people...so maybe it might say dissolved now :wink:

---

And that would be incorrect.:wink:

Quote:

---

Originally Posted by CropleyWasGod

And that would be incorrect.:wink:

---

But the Daily Record said so :wink:

I'll partake in a bit of Hun baiting anyday - be it technically correct or not :greengrin

Quote:

---

Originally Posted by GreenStar

1 - The yams won't be fan owned - Budge will be in control - Biggest (size matters to them once more) ever supporter movement :blah::faf:

2 - Debt free ? No they will be taking on another debt - having to pay it back in the next few years (one debt to another - who will bail them out next time?)

3 - Just over 2 weeks left in March...tick tock..

---

Sadly, for the Jamtards, 1 & 2 are best case scenarios which stand absolutely no chance of happening. Future far more bleak.

Quote:

---

Originally Posted by the_ginger_hibee

But the Daily Record said so :wink:

I'll partake in a bit of Hun baiting anyday - be it technically correct or not :greengrin

---

Damn those DR sleuths.... they always get to the truth.


:rolleyes:

I'm going to put aside my 5-1 hurt.

There. That feels better.

1. There are no frozen shares. It's just a complex and technical business matter (with those wacky notoriously slow Liths) but BDO have it in order and the CVA will be completed in favour of FOH shortly, who will pass the shares on to Anne Budge.

2. This will happen next week, or possibly the week after, and if for some reason it doesn't, the Queen of Hearts will see them alright. If she can't, then FOH can spend the debits to get Hearts through the close season.

3. Everybody agrees that Hearts are special and important and famous and must be protected at all costs from the consequences of their own bad decision making and fraudulent behaviour.

4, Money will be pumped into the club (May, Mackay, possibly Boyd) and the points deficit on admin made up in an exciting two horse Championsliga contest between Rangers and Hearts with a strong Dunfermline and Dundee.

All is barry.

Take off those 5-1 distorting blinkers of hate fellow Hibby's, you will feel so much better!

Quote:

---

Originally Posted by Dashing Bob S

I'm going to put aside my 5-1 hurt.

There. That feels better.

1. There are no frozen shares. It's just a complex and technical business matter (with those wacky notoriously slow Liths) but BDO have it in order and the CVA will be completed in favour of FOH shortly, who will pass the shares on to Anne Budge.

2. This will happen next week, or possibly the week after, and if for some reason it doesn't, the Queen of Hearts will see them alright. If she can't, then FOH can spend the debits to get Hearts through the close season.

3. Everybody agrees that Hearts are special and important and famous and must be protected at all costs from the consequences of their own bad decision making and fraudulent behaviour.

4, Money will be pumped into the club (May, Mackay, possibly Boyd) and the points deficit on admin made up in an exciting two horse Championsliga contest between Rangers and Hearts with a strong Dunfermline and Dundee.

All is barry.

Take off those 5-1 distorting blinkers of hate fellow Hibby's, you will feel so much better!

---

Bob, how could you forget glorious?

Quote:

---

Originally Posted by Ozyhibby

FoH must hand over £6.3m before they get control of Hearts.
Hardly debt free.

---

£6.3m???

I thought it was less than that. What's the breakdown?

Quote:

---

Originally Posted by Jack

£6.3m???

I thought it was less than that. What's the breakdown?

---

Yes i thought it was less as wlle but i think its correct - £3.5 to buy and £2.5 working capital plus a few hundred extra i guess. They need the guaranteed working capital for 2 season in Championship with less income .

Quote:

---

Originally Posted by Jack

£6.3m???

I thought it was less than that. What's the breakdown?

---

£6.3m is correct.

http://www.foundationofhearts.org/statement-from-bidco/

£2.5m for the purchase, £1m upfront working capital. £2.8m for working capital over the following 2 years.

Quote:

---

Originally Posted by steviehibsleith

Yes i thought it was less as wlle but i think its correct - £3.5 to buy and £2.5 working capital plus a few hundred extra i guess. They need the guaranteed working capital for 2 season in Championship with less income .

---

Don't forget another £51m to redevelop Tynecastle piggery into a hotel and stadium.

http://www.heartsfc.co.uk/articles/2...241749_1091705

Quote:

---

Originally Posted by Jack

£6.3m???

I thought it was less than that. What's the breakdown?

---

£1m on completion of the CVA
£1.4m 2014/15
£1.4m 2015/16
£2.5m in the 2/3 years after that.
Only when every last cent of this is paid are FoH given control of Hearts.
About 2019/20

All of which is hypothetical. They need to complete the CVA first and that looks more distant than ever.

I see that Firhill could do with a stand behind one of their goals. Does anyone know of a ground that's going to shut down where they could buy one at a knockdown:wink: price?

Quote:

---

Originally Posted by Ozyhibby

All of which is hypothetical. They need to complete the CVA first and that looks more distant than ever.

---

Freezer door needs opened before that and the creditors need to agree to that first and the creditors need to form a Committee before that and Tuesday needs to happen first before a Committee can be formed but wait it is Saturday today.

Quote:

---

Originally Posted by GreenLake

Don't forget another £51m to redevelop Tynecastle piggery into a hotel and stadium.

http://www.heartsfc.co.uk/articles/2...241749_1091705

---

One of my favourite links on the whole of the internet. :greengrin :aok:

They need to update the timeline...

http://www.heartsfc.co.uk/articles/2...241749_1091729 :faf:

Think it's fairly obvious now that all who post on 'Soontobe30+pointsback' consist entirely of the ones who started supporting 'the infamous' when Mercer started off 'The Money Years' - hence the bitterness/gross-stupidity etc breaking out as their club races back to it's real-level. For most of them, 'reality' will be just too much to bear.

Quote:

---

Originally Posted by Col2

News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

---

they really are thick as **** tramps

Debt free?

In much the same way that a guy serving a 12 month driving ban can boast that soon he'll have no points on his license to someone who has 3 points on their license

Liquidation is all, repeat ALL they deserve, and the sooner the better!

Quote:

---

Originally Posted by Joe6-2

Liquidation is all, repeat ALL they deserve, and the sooner the better!

---

I am not a number I am a free man!

Quote:

---

Originally Posted by Filled Rolls

I am not a number I am a free man!

---

who is number one?
you are number six and I am number two.:greengrin

loved that programme,never understood a damn thing what it was about mind you.

It's still head in the sand time over on slickcrack. lots of posts about 5.1, poor Hibs players, peg selling and methadone but nothing whatsoever about the frozen shares, CVA vote, politicians and journalists talking gobshight and the slow defecation of their club from the sphincter of the fine "Russian Prince".

Right.A new week begins.Get this back up top.

Quote:

---

Originally Posted by Waxy

Right.A new week begins.Get this back up top.

---

I agree. A century and a bit of Edinburgh football history about to be wiped out. The Jambos don't seem to care but thank god there are still some people left in this city with a little civic pride.

Quote:

---

Originally Posted by GreenLake

It's still head in the sand time over on slickcrack. lots of posts about 5.1, poor Hibs players, peg selling and methadone but nothing whatsoever about the frozen shares, CVA vote, politicians and journalists talking gobshight and the slow defecation of their club from the sphincter of the fine "Russian Prince".

---

This is what makes me chuckle the most. All those who've posted on that thread are not just gonna look like complete trumpets when the inevitable happens but also for years to come. They'll be framed forever in history like the band that continued to play on the Titanic.

Can you imagine the questions they'll be facing from their offspring? "Hey Unclegrandad Boabster, why did you have your head stuck up your erse when the Hearts were going bust?".

Both threads need to be preserved so that future generations can see how they sat by and watched their club go down the pan whilst all along the truth was apparent.

Potentially fatal meeting tomorrow.
:-)

Quote:

---

Originally Posted by Dashing Bob S

I agree. A century and a bit of Edinburgh football history about to be wiped out. The Jambos don't seem to care but thank god there are still some people left in this city with a little civic pride.

---

To be fair Bob, for all we know maybe the people of Midlothian might get round to a belated show of concern when their "heart of" eventually goes pop?

We can hardly expect it to make a difference to the people of the city when midlothian is effectively just a nearby neighbouring region with a football team that plays in Edinburgh claiming to be its "heart of". There really has always only been one top flight Edinburgh team. Wallace was right all along :-)

Quote:

---

Originally Posted by Ozyhibby

Potentially fatal meeting tomorrow.
:-)

---

Can a fatal blow be delivered tomorrow?

Quote:

---

Originally Posted by Joe6-2

Can a fatal blow be delivered tomorrow?

---

The patient has been dead for months.

Quote:

---

Originally Posted by Joe6-2

Can a fatal blow be delivered tomorrow?

---

Has it not just gone all quiet as budge knows nothing is potentially happening re frozen shares till end of April which will soon be changed to sometime in May or are they now having to seriously consider how they market the big L to fans to keep them on board .

Quote:

---

Originally Posted by Joe6-2

Can a fatal blow be delivered tomorrow?

---

I think so.
They could vote to reject the CVA but much more likely they will not discuss Hearts at all and arrange a second meeting for 6 months time.
The result would be the same.

Quote:

---

Originally Posted by Ozyhibby

I think so.
They could vote to reject the CVA but much more likely they will not discuss Hearts at all and arrange a second meeting for 6 months time.
The result would be the same.

---

Pleasing.

Quote:

---

Originally Posted by Waxy

Right.A new week begins.Get this back up top.

---

:agree: desperately need some pleasing developments here to divert us from the fact that we have a crap team and another useless manager.

Quote:

---

Originally Posted by Joe6-2

Can a fatal blow be delivered tomorrow?

---

No.

Tomorrow is all about electing the creditors' committee.

Had an E-mail this morning from Ullyses at Jambo Kickback.

" Buy a £5 ticket for a raffle to win all the programs for Hearts cup runs. "

Looks like the Yam begging machine is going up the gears :greengrin

Quote:

---

Originally Posted by Joe6-2

Can a fatal blow be delivered tomorrow?

---

I believe it could see my last post below.

Quote:

---

Originally Posted by Filled Rolls

The patient has been dead for months.

---

I agree.

Quote:

---

Originally Posted by Ronniekirk

Has it not just gone all quiet as budge knows nothing is potentially happening re frozen shares till end of April which will soon be changed to sometime in May or are they now having to seriously consider how they market the big L to fans to keep them on board .

---

That will have been decided already as BJ knows.

Quote:

---

Originally Posted by CropleyWasGod

No.

Tomorrow is all about electing the creditors' committee.

---

I am not sure it is a given that there will be agreement on who is on the Creditors Committee - there are some awfully big sums of money involved here - and if that is the case, further delays could be fatal for BDO.

Quote:

---

Originally Posted by Hiberlin

This is what makes me chuckle the most. All those who've posted on that thread are not just gonna look like complete trumpets when the inevitable happens but also for years to come. They'll be framed forever in history like the band that continued to play on the Titanic.

Can you imagine the questions they'll be facing from their offspring? "Hey Unclegrandad Boabster, why did you have your head stuck up your erse when the Hearts were going bust?".

Both threads need to be preserved so that future generations can see how they sat by and watched their club go down the pan whilst all along the truth was apparent.

---

But, like the band on the titanic, what else can they do?

They're donald ducked. They can't do anything to change that. They can't alter events in Lithuania. They're p!ssed at everyone everyone associated with homfc, but in truth, all they can do is lash out at us. They have nothing else left.

http://translate.googleusercontent.c...GxO1_cua1W4Y-w


This is all that is happening at tomorrow's Creditors meeting.

Quote:

---

Originally Posted by greenginger

http://translate.googleusercontent.c...GxO1_cua1W4Y-w


This is all that is happening at tomorrow's Creditors meeting.

---

Pages 13/14 makes for some interesting reading.............not all rosy eh!

Have they received their share certificates yet?

Quote:

---

Originally Posted by Platinum Scotty

Page 14 makes for some interesting reading.............

---

3.10.3. Heart of Midlothian Plc (Scotland) Heart of Midlothian Plc is a Scottish football club Hearts managing the Company. This Company's debt agricultural bank (without Interest and penalties) is 14 684 636.97 GBP (approximately 61.6 million. lit). kio bankas requirements Heart of Midlothian Plc is to: x Company's mortgage; x original property (Tynecastle stadium in Edinburgh) change; x 29.5% of Heart of Midlothian Plc share exchange; x Company LLC and Balkan Invest JSC Businessline guarantees. Payable to mention the fundamental problem of the debtor: x Lack of lending liabilities assurance. According to 2012. March 30. assessment, Tynecastle Stadium values ​​(appreciation and investments needed) 2 times less than the total debt (EUR 7.5 million. GBP). According to 2013. July n. assessment carried out in real property values ​​down further by around 2-3 times less than the amount owed ​​2 million. - 3.5 million. GBP (subject to permission to develop residential destination areas - 7.5 million. GBP). Other security measures - of dubious value. x Problematic shares replacement. Debtor's shares are owned by bankrutuojanþiai JSC Bank's economic Investment Group. agricultural bank in favor of weird only 29.5% of the Company's shares. agricultural bank has opportunities without BUAB economic Bank Investment Group Co-operation in ensuring implement changes Hearts Football Club t Continuity. The problems in the situation illustrated by the fact that the first BUAB economic Bank Investment Group "meeting of creditors was rejected Heart of Midlothian Plc shares for sale si lom 100,000 GBP Realization of the stadium features. Completed property assessment report reveals that Tynecastle The stadium will have the highest market value of t, if consented would develop into the densely built residential areas. However the chances are high that a permit is not received, because area is established consulting s / security zone on sand near regulated hazardous materials (Alcohol and ethanol plant containers and plant medicine). According to the football club administrators are high likelihood that investors will not want to buy tons of assets for fear BESITOS sianþio hooliganism, institutions of political pressure (due to the collapse of the football club). Administrator has the following key to this borrower-related actions: x The analysis of the possible actions alternatives. Meetings were held with the Scottish League managers, administrators, Scottish lawyers, discussed the current situation and options. Accepted decision to seek insolvency procedures ros - Administration. This has helped to keep both options sold immovable property, and sell the football club as rich Complex, together with the assignment of Heart Midlothian Plc shares; x In 2013. June 19 started the debtor administration. Administrator appointed kio bankas offered a replacement candidate; x Taken over management of the former leadership, the club secured a temporary operating t Continuity within a short compiled by almost 1 million. GBP income and releasing part of employees and their players reached 0.5 million. GBP cost savings per year; x Start the Heart of Midlothian Plc selling process. After not one for discussions and negotiations on the price improvement was extracted and the largest real border price ls investor; x In 2013. At the end of a peaceful approved the agreement of creditors, resulting in economic bank, the only one of Heart of Midlothian Plc creditors, regain part of the loan granted; x In 2014. March for the start of negotiations on the sports club's transfer business documents. kio bankas aims to bt sold Heart of Midlothian Plc assets and the income received would be paid to the economic Bank's share of the amoun :wink:

Am I right in my reading of this that the Lithuanian administrators have been frightened off by BDO who have said that they would not be able to sell off the land to any possible developer as no company would purchase it due to the likelihood of HoMFC supporters (hooligans) bombarding any such company as they would be seen to have had a hand in their demise.

Or am I reading this completely wrong.

Does this mean that they are on the agenda tomorrow?