Share Transfers Agreed/Cooling off period

Quote:

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Originally Posted by Filled Rolls

:top marks

So it all makes sense now. If you can borrow money from yourself, you can then use that money to buy your football club, from yourself. Presumably you then repay the loan from the money you received from yourself in payment for the club you sold to yourself. Then everybody is happy, especially yourself.

---

:agree: After a quick run through tomfs' numbers it does beg the question how many times are these imbeciles going to have to buy their own club before they actually own it?! If it was a business other than the yam football distortion you might say that if they come out of admin and they all got the shares that they paid for when they were chipping in for vlads goodbye gift they do indeed own a chunk without having to do anything.

They will not want to challenge budgies journey towards her total ownership (sorry fan ownership:faf:) model though!

Quote:

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Originally Posted by CropleyWasGod

You're having the same Monday morning as me :greengrin

Cav's right. The 2012 accounts were unqualified. The earlier ones had the note about continuing support from Lithuania.

---

Apologies if I got the year wrong all I remember was laughing at the qualification, years just slip into years in this regard.

Quote:

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Originally Posted by greenginger

Yeah, Johnston Carmichael due £ 100, they made sure they got their £140,000 or whatever fee before signing.

Their solicitors, HBJ Gately Waring , got stung for £ 44,313.00 which was pleasing, as I'm sure they would have been behind many of the legal " tricks " employed by the Yams over the Vlad years.

---

I am willing to bet the £100 may have been a late filing penalty that they paid on their behalf.

I would prefer to see nobody bumped but I guess those lawyers are in a position to take the hit as opposed to the paper shop in Gorgie.

http://www.hmfckickback.co.uk/index..../#entry4102609

FoH statement
The best info they have is the meeting is Friday.
:-)

Quote:

---

Originally Posted by Ozyhibby

http://www.hmfckickback.co.uk/index..../#entry4102609

FoH statement
The best info they have is the meeting is Friday.
:-)

---

The best info?

They have been advised, by Twatter, that "there are reports" that the UBIG administrators have no knowledge of the meeting. One might have thought that, given these "reports", someone (a journalist, perhaps??) might have tried speaking to the UBIG administrator to clarify the apparent confusion.

Quote:

---

Originally Posted by greenginger

Yeah, Johnston Carmichael due £ 100, they made sure they got their £140,000 or whatever fee before signing.

Their solicitors, HBJ Gately Waring , got stung for £ 44,313.00 which was pleasing, as I'm sure they would have been behind many of the legal " tricks " employed by the Yams over the Vlad years.

---

Have they changed their name yet like Arthur Andersen did after Enron?

Quote:

---

Originally Posted by CropleyWasGod

The best info?

They have been advised, by Twatter, that "there are reports" that the UBIG administrators have no knowledge of the meeting. One might have thought that, given these "reports", someone (a journalist, perhaps??) might have tried speaking to the UBIG administrator to clarify the apparent confusion.

Silly me.

---

So, it wasn't the Popular Front of Judea after all? It was the Judean Popular Front.....splitters!!


FoH/HoH/FoHoH/ etc. :The best information at present is that it will take place this Friday (28 March). We know from previous experience that meetings can be delayed at short notice but we will all be keeping our fingers crossed that it takes place as scheduled.

A. Yamfud: Very reassuring reply, thank you Ian.


Don't forget to doff your forelock, Quisling, and remember its Mr. Murray in future. Now on your way, but not before you leave the deeds to your house.

Quote:

---

Originally Posted by CropleyWasGod

The best info?

They have been advised, by Twatter, that "there are reports" that the UBIG administrators have no knowledge of the meeting. One might have thought that, given these "reports", someone (a journalist, perhaps??) might have tried speaking to the UBIG administrator to clarify the apparent confusion.

---

I don't know if it's because football fandom breeds a certain myopia, or there are just some incredibly dim souls over on Kickback, but it's a little scary how easily they can be led down by the garden path by inconsequential nonsense.

Still, not long till Friday's meeting, (which, as we all know can be cancelled at short notice) where we shall see if the UBIG administrator is lying to two separate individuals about this, or whether somebody closer to the PBS is cruelly playing 'tease the roaster.'

I know which one my money is on.

Quote:

---

Originally Posted by Dashing Bob S

I don't know if it's because football fandom breeds a certain myopia, or there are just some incredibly dim souls over on Kickback, but it's a little scary how easily they can be led down by the garden path by inconsequential nonsense.

Still, not long till Friday's meeting, (which, as we all know can be cancelled at short notice) where we shall see if the UBIG administrator is lying to two separate individuals about this, or whether somebody closer to the PBS is cruelly playing 'tease the roaster.'

I know which one my money is on.

---

It's bizarre.

The doubts about the meeting have been put out there, in various forms. All it takes is one email or phone call, and.... bang... they have the truth.

You can bet your bottom Lita that someone in Jamboland will come out of the woodwork on Friday morning and say that the meeting has been cancelled. They have mentioned in every statement that they have come out with about how these things happen at short notice. It was never going to be in the first place but the neanderthals will believe the lies like they always do.

Isn't it strange that neither Murray or anyone else from FoH can't just contact the UBIG Administrator to ask if the meeting is happening this Friday.

If a couple of junkie peg-selling Hobos can do it, it can't be all that difficult for a Member of Parliament.

Quote:

---

Originally Posted by Dashing Bob S

'tease the roaster.

---

Brilliant, I love that game too:thumbsup:

Quote:

---

Originally Posted by CropleyWasGod

It's bizarre.

The doubts about the meeting have been put out there, in various forms. All it takes is one email or phone call, and.... bang... they have the truth.

---

Irene (the UBIG insolvency administrator) sent me another reply earlier this morning after I made her aware FoH are also stating there's a meeting. Here's her reply (which doesn't translate well using Google)

Quote:

---

Pakartotinai Jus informuoju, kad informacijos apie kovo 28 d. UBIG kreditoriø susirinkimà neturiu

---

That translates as "I have no information about any UBIG creditors' meeting to be held on March 28."

Quote:

---

Originally Posted by Seveno

Isn't it strange that neither Murray or anyone else from FoH can't just contact the UBIG Administrator to ask if the meeting is happening this Friday.

If a couple of junkie peg-selling Hobos can do it, it can't be all that difficult for a Member of Parliament.

---

You have to remember that said Member of Parliament would require his manservant to actually do the work, which is a but difficult at the moment as he is waist deep in the moat feeding ducks with a silver teaspoon

Quote:

---

Originally Posted by CropleyWasGod

It's bizarre.

The doubts about the meeting have been put out there, in various forms. All it takes is one email or phone call, and.... bang... they have the truth.

---

Do you not think the announcement of the meeting was possibly a very desperate attempt at shifting a few more derby tickets.

Quote:

---

Originally Posted by JimBHibees

Do you not think the announcement of the meeting was possibly a very desperate attempt at shifting a few more derby tickets.

---

It wasn't an announcement from Hearts, though. It was a line in a report from Bazza. Since it appeared, it sounds as if no-one inside Hearts knew about it either.

Quote:

---

Originally Posted by Sergey

Irene (the UBIG insolvency administrator) sent me another reply earlier this morning after I made her aware FoH are also stating there's a meeting. Here's her reply (which doesn't translate well using Google)



That translates as "I have no information about any UBIG creditors' meeting to be held on March 28."

---

Hmm... does that mean it might be set for another day? Bazza has previous for getting his numbers mixed up. :greengrin

Where is Bryan Jackson whilst all this build up to Friday's crucial meeting? He is the goto man in terms of information for the Scottish (football) media yet not a cheep although there is a sighting of him boarding a plane at the weekend.:confused:

Quote:

---

Originally Posted by Dashing Bob S

Still, not long till Friday's meeting, (which, as we all know can be cancelled at short notice) where we shall see if the UBIG administrator is lying to two separate individuals about this, or whether somebody closer to the PBS is cruelly playing 'tease the roaster.'

---

Has this been confirmed yet? :greengrin

Quote:

---

Originally Posted by Seveno

Isn't it strange that neither Murray or anyone else from FoH can't just contact the UBIG Administrator to ask if the meeting is happening this Friday.

If a couple of junkie peg-selling Hobos can do it, it can't be all that difficult for a Member of Parliament.

---

IMHO the date was put out there by mistake and they haven't had the guts to own up. Now, with all the Yams salivating, it's doubly difficult to now say it aint happening. All that would do is raise lots of tough questions and fears about progress, timescales just ahead of the Derby :greengrin

Expect the meeting to disappear like a mirage, with not a peep from BDO/FOH or Barr

Quote:

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Originally Posted by Spike Mandela

Where is Bryan Jackson whilst all this build up to Friday's crucial meeting? He is the goto man in terms of information for the Scottish (football) media yet not a cheep although there is a sighting of him boarding a plane at the weekend.:confused:

---

TBH, he's probably getting on with his job or his holiday. The fact that he's not being pestered by intrepid reporters, keen to get the real truth, will suit him fine.

If there's a meeting on Friday, he'll be doing what he can to influence the outcome. If there's not, he won't.

Quote:

---

Originally Posted by Sergey

Irene (the UBIG insolvency administrator) sent me another reply earlier this morning after I made her aware FoH are also stating there's a meeting. Here's her reply (which doesn't translate well using Google)



That translates as "I have no information about any UBIG creditors' meeting to be held on March 28."

---

Ok it ses so simple can you ask irene when the next
meeting is scheduled for?

Quote:

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Originally Posted by Greenworld

Ok it ses so simple can you ask irene when the next
meeting is scheduled for?

---

News of a meeting will be in next Monday's press after we relegate them on the Sunday I would suspect.:cb

Quote:

---

Originally Posted by Sergey

Irene (the UBIG insolvency administrator) sent me another reply earlier this morning after I made her aware FoH are also stating there's a meeting. Here's her reply (which doesn't translate well using Google)



That translates as "I have no information about any UBIG creditors' meeting to be held on March 28."

---

Good work sir. It really isn't difficult if you ask the right people the right questions.

Barry and Mr Murray aren't the right people :greengrin

Quote:

---

Originally Posted by Sergey

Irene (the UBIG insolvency administrator) sent me another reply earlier this morning after I made her aware FoH are also stating there's a meeting. Here's her reply (which doesn't translate well using Google)



That translates as "I have no information about any UBIG creditors' meeting to be held on March 28."

---

Sorry to ask you this Sergey. Can you speak Lithuanian. If you can, why use Google translate?

It's just that there is some hope on JKB, based on the fact that someone over there said you can speak Lithuanian.

Quote:

---

Originally Posted by Sergey

Irene (the UBIG insolvency administrator) sent me another reply earlier this morning after I made her aware FoH are also stating there's a meeting. Here's her reply (which doesn't translate well using Google)



That translates as "I have no information about any UBIG creditors' meeting to be held on March 28."

---

Oh Dear !

Quote:

---

Originally Posted by Filled Rolls

Sorry to ask you this Sergey. Can you speak Lithuanian. If you can, why use Google translate?

It's just that there is some hope on JKB, based on the fact that someone over there said you can speak Lithuanian.

---

I don't know a single word of Lithuanian, FR...but having several contacts in Kaunas who are fluent, it's easy enough to get them to do the necessary translations.

Here is my post from the PM board last week.

Quote:

---

She is to UBIG as Bryan Jackson is to Hahahearts.

Her email address and telephone number are listed next to the appointment details on the government website.

See here:
http://www.bankrotodep.lt/Company.ph...Code=135201099
and her email to me here:
http://s12.postimg.org/f2tad3jrh/Screenshot.jpg
http://s12.postimg.org/f2tad3jrh/Screenshot.jpg

I emailed her and politely asked if there was a creditors meeting taking place on 28 March 2014 for UBIG. Her email reply translates to "I have no knowledge of such a meeting.". And she bloody should know, it's her case, she's the administrator.

---

They appear to have removed the email address but there is another listing on the DEPARTMENT OF ENTERPRISE BANKRUPTCY MANAGEMENT Government site here:
http://195.182.67.7/paslaugos/moni-b...odas=135201099

This has both her and her firms email addresses listed.

Hardly groundbreaking investigative journalism from me and Sergey. I don't speak or read a word of Lithuanian and I found this in 10 minutes of looking, last week.

Either she is lying or Barry Anderson is lying. We shall see on Friday.

I was going to post this on Friday morning, but since some people think these communications are made up by Sergey, I wanted to put that to bed.

Quote:

---

Originally Posted by Dashing Bob S

I don't know if it's because football fandom breeds a certain myopia, or there are just some incredibly dim souls over on Kickback, but it's a little scary how easily they can be led down by the garden path by inconsequential nonsense.

Still, not long till Friday's meeting, (which, as we all know can be cancelled at short notice) where we shall see if the UBIG administrator is lying to two separate individuals about this, or whether somebody closer to the PBS is cruelly playing 'tease the roaster.'

I know which one my money is on.

---

Get a grip man. The first rule when playing "tease the roaster" is don't mention "tease the roaster".

Quote:

---

Originally Posted by Filled Rolls

Sorry to ask you this Sergey. Can you speak Lithuanian. If you can, why use Google translate?

It's just that there is some hope on JKB, based on the fact that someone over there said you can speak Lithuanian.

---

My understanding is that he didn't use Google Translate (because it doesn't work well). He translated it for us himself, so obviously does speak Lithuanian.

Quote:

---

Originally Posted by Sergey

I don't know a single word of Lithuanian, FR...but having several contacts in Kaunas who are fluent, it's easy enough to get them to do the necessary translations.

---

I thought the translation you quoted was not google's because you said it didn't translate very well. Why are the sick backers accusing you of using google when you provided another translation? :greengrin

They also claim the administrator speaks perfect English. :rolleyes:

Quote:

---

Originally Posted by Sergey

I don't know a single word of Lithuanian, FR...but having several contacts in Kaunas who are fluent, it's easy enough to get them to do the necessary translations.

---

Thanks, couldn't be bothered unravelling the story. Presumably when you can't speak to your contacts you use Google translate?

On a side note. There is a worrying level of homophobia on JKB, that some might suggest points towards denial and diversion. Why else use a word like bumhammer?

Hope the girls over there will be a bit more comfortable with themselves soon. Let's face it, they won't be able to use The Famous as a diversionary tactic much longer.

In a similar vein, I would have thought that even the most liberal admin. would draw the line at making fun of Learning Disabilities.

Quote:

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Originally Posted by ehf

My understanding is that he didn't use Google Translate (because it doesn't work well). He translated it for us himself, so obviously does speak Lithuanian.

---

You having a laugh, or didn't you read his reply? Questions have to be asked, otherwise we become as gullible and subservient as the Yaks.

Ps there's a wee head scratching exercise across the road. All gone quiet after a flurry if activity in the last hour.

They can't handle the truth!

(Insert Jack Nicholson smiley, with the word "pleasing' flashing on and off.)

Quote:

---

Originally Posted by Filled Rolls

You having a laugh, or didn't you read his reply? Questions have to be asked, otherwise we become as gullible and subservient as the Yaks.

Ps there's a wee head scratching exercise across the road. All gone quiet after a flurry if activity in the last hour.

They can't handle the truth!

(Insert Jack Nicholson smiley, with the word "pleasing' flashing on and off.)

---

Here is the google translate for the admins quote from Lithuanian into English.

"Re-informs you that the information on the 28 March. ŪBIG meeting of creditors have"

His translation came from some other source.

Been speaking with an old friend who is in the FofH hierachy and he says there was a get together over the weekend of a " few of us who are at the coal face of all this "
He went on to say that none of them is " holding our breath that everything will be resolved 28/3 "
" I still have that terrible feeling that liquidation is going to be the final throw "

This lad is in his 70's a genuine football supporter who often comes to ER with our crowd because being just that and I accept what he says as being an honest take on things as he sees them .

Quote:

---

Originally Posted by jdships

Been speaking with an old friend who is in the FofH hierachy and he says there was a get together over the weekend of a " few of us who are at the coal face of all this "
He went on to say that none of them is " holding our breath that everything will be resolved 28/3 "
" I still have that terrible feeling that liquidation is going to be the final throw "

This lad is in his 70's a genuine football supporter who often comes to ER with our crowd because being just that and I accept what he says as being an honest take on things as he sees them .

---

I love how you call someone in their 70s a lad :greengrin

Quote:

---

Originally Posted by CropleyWasGod

TBH, he's probably getting on with his job or his holiday. The fact that he's not being pestered by intrepid reporters, keen to get the real truth, will suit him fine.

If there's a meeting on Friday, he'll be doing what he can to influence the outcome. If there's not, he won't.

---

It still must take time for him and/or his staff to do the necessary background work needed to field the questions that must surely be coming their way.

More in fees, more unnecessary expense caused by allisbarry. I wonder just how much he has cost them since last summer?

Quote:

---

Originally Posted by Filled Rolls

Thanks, couldn't be bothered unravelling the story. Presumably when you can't speak to your contacts you use Google translate?

On a side note. There is a worrying level of homophobia on JKB, that some might suggest points towards denial and diversion. Why else use a word like bumhammer?

Hope the girls over there will be a bit more comfortable with themselves soon. Let's face it, they won't be able to use The Famous as a diversionary tactic much longer.

In a similar vein, I would have thought that even the most liberal admin. would draw the line at making fun of Learning Disabilities.

---

The online translation tools for Lithuanian just about suffice for translation from Lithuanian into English, but they don't work well the other way ENG-LT.

Best to get those done by someone who knows what they're talking about and trying to say.

I got RobinP's reply translated for him on Friday as it had a typo in the LT reply and subsequently the online translators could make no sense of it.

http://sport.stv.tv/football/clubs/h...res-next-week/

Quote:

---

Originally Posted by GreenLake

Here is the google translate for the admins quote from Lithuanian into English.

"Re-informs you that the information on the 28 March. ŪBIG meeting of creditors have"

His translation came from some other source.

---

Yes, he confirmed that. So just to summarise for our guests: Sergey admits he can't speak Lithuanian (contrary to a post in The Bunker, across the road). Any speculation about whether he used Google translate, should bear in mind his assertion that he CANNOT SPEAK LITHUANIAN.

I'm surprised that the press haven't picked up on the news on here. After getting every turn of the SEVCO story wrong, you'd think they'd be more alert to social media.

That'll be the same press that didn't ask questions about the share certificates, the same press that seems to have been taken aback by Hearts administration; the same press that reports an attendance of 13k at the PBS when it was clearly 9,000.

If I was a Yam, I'd be relying on the press rather than a bunch of Hobo fantasists too. The press have been spot on with everything so far. The Hobo fantasists have been lucky that's all.

Quote:

---

Originally Posted by Heisenberg

http://sport.stv.tv/football/clubs/h...res-next-week/

---

So Sergey was bang on and Banderson was talking crap!

Quote:

---

Originally Posted by Heisenberg

http://sport.stv.tv/football/clubs/h...res-next-week/

---

Does that mean the freezer will get switched off?

Quote:

---

Originally Posted by Caversham Green

There's a confusion between nominal value, issue price and share premiums here. The 2008 share issue consisted of £34,285,714 shares with a nominal value of 10p - that increased the share capital by £3.4m (rounded off). They were issued at a price of 35p - a premium of 25p - which increased the share premium by £8.5m. The issue reduced debt £12m - 34m x 35p. The other conversion followed a similar pattern.

The real question was why this was done. The club was already worthless and this action reduced UBIG's potentially recoverable debtor into an unrecoverable (i.e. worthless) investment. Since UBIG was an investment-based concern it seems likely that the motive was to falsely inflate their balance sheet by massively overvaluing the HoMFC shareholding.

---

I appreciate you clarification although I am not sure that I follow it completely...however, I bow to your superior economic knowledge; my point was that the "facts and figures" I have used come from the Hearts own website. If there is a confusion over the vaue of the shares and the arithmetic involved it is entirely theirs.

Quote:

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Originally Posted by Heisenberg

http://sport.stv.tv/football/clubs/h...res-next-week/

---

Finally, someone actually asks the questions. Took them long enough :greengrin

So, the UBIG woman was telling the truth.

Bazza got the companies wrong :rolleyes:

As I suggested earlier today, the UBIG meeting IS taking place, but on a different day.

Quote:

---

Originally Posted by lord bunberry

I love how you call someone in their 70s a lad :greengrin

---

It's all ego related ! :greengrin
When you are 70 or over " Ego" kicks in and you live off little throw away's :wink:
I am 83 and am chuffed when my good mate , 65 , says " right lad fancy a pint ? "

Remember " Beauty is in the eye of the beholder " as is age !!!!!

:thumbsup:

Quote:

---

Originally Posted by Kato

Get a grip man. The first rule when playing "tease the roaster" is don't mention "tease the roaster".

---

I believe that an inverted version of the game known as 'roast the teaser', will be launched on Friday.

Quote:

---

Originally Posted by CropleyWasGod

Finally, someone actually asks the questions. Took them long enough :greengrin

So, the UBIG woman was telling the truth.

Bazza got the companies wrong :rolleyes:

As I suggested earlier today, the UBIG meeting IS taking place, but on a different day.

---

But it does appear that things are moving in FOHs direction?

Quote:

---

Originally Posted by CropleyWasGod

Finally, someone actually asks the questions. Took them long enough :greengrin

So, the UBIG woman was telling the truth.

Bazza got the companies wrong :rolleyes:

As I suggested earlier today, the UBIG meeting IS taking place, but on a different day.

---

A different week but yet to be confirmed. I hope they tell the UBIG administrator. :greengrin

Quote:

---

Originally Posted by Heisenberg

http://sport.stv.tv/football/clubs/h...res-next-week/

---

So it looks like it's going to the freezer test then?

Quote:

---

Originally Posted by Filled Rolls

But it does appear that things are moving in FOHs direction?

---

You mean Purple pants?

Looks like it.

Just hope UBIG meeting is delayed......

and is it true then or not, that last step is all approved by the lith. courts?

Linked from brokeback, STV report;



The administrator in charge of Heart of Midlothian’s largest creditor has told STV he believes the deal to transfer shares in the club to the new owners will be given the green light next week.
Gintaras Adomonis of Valnetas UAB, the firm overseeing the bankruptcy of Vladimir Romanov’s collapsed Ukio Bankas, confirmed a meeting of the creditors of the bank will convene on Friday.
Ukio is the largest creditor of Hearts, holding 29.5% of the club’s shares and Tynecastle Stadium as security over the £15m it is owed by the Edinburgh club.
It had been previously reported that the meeting on Friday was of creditors of UBIG, the holding company that controls a 49.47% stake in Hearts, but that is understood to be taking place next week.
Mr Adomonis said the transfer of shares to BIDCO in a £2.5m CVA deal should be approved on Friday, while he also expects the UBIG creditors to vote in favour of releasing their shareholding to prospective new owner Ann Budge.
A deal was agreed in principle in February for UBIG to release their shares in return for a one-off payment, reported to be around £50,000.
He said: “The creditors meeting held on the 28th of March will be the meeting of Ukio Bankas creditors, not UBIG.
“It is considered that the creditors of Ukio Bankas will approve the deal of Hearts sale to BIDCO. There are no reasons to believe in any other decision as no alternatives have been proposed to be included in the agenda.
“As far as we know, UBIG’s creditors meeting is planned at the end of the next week, but it is still to be confirmed.
“We believe that the creditors of UBIG will also approve the deal during the meeting and it will be green lights all the way.
“If the approval by the creditors of Ukio Bankas and UBIG is on hand, the process will move forward as soon as possible.”
Hearts entered administration in June last year, with BDO overseeing the process.
They were deducted 15 points for the Scottish Premiership season and an embargo on new player registrations for the duration of the administration.

Quote:

---

Originally Posted by BH Hibs

So it looks like it's going to the freezer test then?

---

It looks like we're on for the freezer test, unless any resident finance experts can see any other obstacles?

Quote:

---

Originally Posted by BH Hibs

So it looks like it's going to the freezer test then?

---

Yes looks like it. Unless the Ukio creditors decide not to accept the poor offer or UBIG don't play ball. Although both seem to be a formality. Looks like we'll find out very shortly if the frozen shares are going to have a bearing on anything.

So can somebody explain to the simpletons like me what this all means? Are the yams going to get away with it all, again?

Quote:

---

Originally Posted by Dashing Bob S

It looks like we're on for the freezer test, unless any resident finance experts can see any other obstacles?

---

The administrator of UKIO seems to think it's a formality, but it's not necessarily so.

Remember that it's not his call. It's up to the largest UKIO creditor, who has the power on their own to pass or reject the motion.

Quote:

---

Originally Posted by Dashing Bob S

It looks like we're on for the freezer test, unless any resident finance experts can see any other obstacles?

---

They have the additional logistical nightmare of leasing a freighter to transport 3/4 of a trillion Hearts Share Certificates created during the Romanov regime from the freezer vaults to the UK.

Quote:

---

Originally Posted by Heisenberg

http://sport.stv.tv/football/clubs/h...res-next-week/

---

Does this mean they are getting what they want and will get away with it? I am now completely confused happy one minute sad the next, the life and times of being a Hibs supporter, I just want them to be liquidated so that I can always have the last laugh.

Some one itk please educate me as to what is likely to happen now are they getting away with it? I really don't understand It now and have lost the plot,

please lets get in tae them at the PBS give me a reason to smile, Mon the Hibs!

The homophobes over in Kickback are now claiming this as a victory despite us saying there was no UBIG meeting. Which there isn't. There's a UKIO meeting. UKIO only hold a 29% shareholding and they pretty much agreed to all of this back in November anyway. Hearts could get their hands on the UKIO shares on Friday afternoon, all that does is makes FOH a minority shareholder.

They still need UBIGs shares. There is no meeting of UBIG scheduled.

Barry has once again made a mistake that has meant this has gone from being potentially game changing news to being not much of anything. Barry sold papers and internet hits based on UBIG. The man is a liar and the Hearts fans keep falling for it over and over again.

Hibs.net said there was no UBIG meeting on the 28th (after actually putting in the effort) and we were correct.

Another thing, how do I gain access entry to the private members forum. I want to be kept in the loop with this.

Quote:

---

Originally Posted by GlasgowHibee

Another thing, how do I gain access entry to the private members forum. I want to be kept in the loop with this.

---

You have to pay a tenner, and promise that you are one of Sergey's alter-ego's.

Quote:

---

Originally Posted by GlasgowHibee

Another thing, how do I gain access entry to the private members forum. I want to be kept in the loop with this.

---

There is a link somewhere on the site (Mikey will be along with the link in a minute). You pay £10.00 for a year.

You need a significant amount of posts to pass the "vetting" test as a hobo and not a Jambo looking for some real info on their club. I think this can be circumvented if a current PM or Admin can vouch for you.

Quote:

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Originally Posted by Bajillions

The homophobes over in Kickback are now claiming this as a victory despite us saying there was no UBIG meeting. Which there isn't. There's a UKIO meeting. UKIO only hold a 29% shareholding and they pretty much agreed to all of this back in November anyway. Hearts could get their hands on the UKIO shares on Friday afternoon, all that does is makes FOH a minority shareholder.

They still need UBIGs shares. There is no meeting of UBIG scheduled.

Barry has once again made a mistake that has meant this has gone from being potentially game changing news to being not much of anything. Barry sold papers and internet hits based on UBIG. The man is a liar and the Hearts fans keep falling for it over and over again.

Hibs.net said there was no UBIG meeting on the 28th (after actually putting in the effort) and we were correct.

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According to that report there is a UBIG meeting scheduled for next week.

UKIO Admin said it was "Green Lights all the Way" :greengrin

http://www.google.co.uk/url?sa=i&rct...95760167011313

Ever the sceptic...........Don't you love open quotations?

Here is the only factual line as far as I can see.

“If the approval by the creditors of Ukio Bankas and UBIG is on hand, the process will move forward as soon as possible.” :greengrin

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Originally Posted by Bajillions

The homophobes over in Kickback are now claiming this as a victory despite us saying there was no UBIG meeting. Which there isn't. There's a UKIO meeting. UKIO only hold a 29% shareholding and they pretty much agreed to all of this back in November anyway. Hearts could get their hands on the UKIO shares on Friday afternoon, all that does is makes FOH a minority shareholder.

They still need UBIGs shares. There is no meeting of UBIG scheduled.

Barry has once again made a mistake that has meant this has gone from being potentially game changing news to being not much of anything. Barry sold papers and internet hits based on UBIG. The man is a liar and the Hearts fans keep falling for it over and over again.

Hibs.net said there was no UBIG meeting on the 28th (after actually putting in the effort) and we were correct.

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But they are saying UBIG meeting is next week, is that incorrect? I'm beginning to give up hopes of the Big L, and settling for them spending a couple of seasons in the Championship.

Apart from anything else, this latest article isn't by Barry.

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Originally Posted by #FromTheCapital

According to that report there is a UBIG meeting scheduled for next week.

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I notice there is no mention of a date or time, funny that.

I can say with 100% certainty that there will be a UBIG Creditor's meeting in the future. Does that make me in the know? :greengrin

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Originally Posted by robinp

I notice there is no mention of a date or time, funny that.

I can say with 100% certainty that there will be a UBIG Creditor's meeting in the future. Does that make me in the know? :greengrin

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Can we ask Irene if there is a UBIG meeting scheduled for next week. :greengrin

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Originally Posted by Filled Rolls

But they are saying UBIG meeting is next week, is that incorrect? I'm beginning to give up hopes of the Big L, and settling for them spending a couple of seasons in the Championship.
.

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Got to agree. They have somehow managed to get this far despite seemingly having no chance of survival and the experts final hope to cling to is that the shares are going to be frozen for months to come and beyond.

Let's hope they got that one right.

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Originally Posted by Filled Rolls

But they are saying UBIG meeting is next week, is that incorrect? I'm beginning to give up hopes of the Big L, and settling for them spending a couple of seasons in the Championship.

Apart from anything else, this latest article isn't by Barry.

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Thats the first mention I've seen of a UBIG meeting next week.

Let the Hearts fans have their wee moment. Realistically they've been at exactly the same point since November. There's only so many euphemisms the press can come up with. "Done deal" "Rubberstamp" "Green lights all the way". but the but they keep missing is that UKIO's approval allows the CVA to go ahead. It does not allow BIDCO to gain control. UBIG haven't had a meeting yet and the shares are still frozen.

Is there a thread on Brokeback yet titled, "hibs.net were right, there is no UBIG meeting on the 28th"?


It seems only fair

:greengrin

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Originally Posted by Bajillions

Thats the first mention I've seen of a UBIG meeting next week.

Let the Hearts fans have their wee moment. Realistically they've been at exactly the same point since November. There's only so many euphemisms the press can come up with. "Done deal" "Rubberstamp" "Green lights all the way". but the but they keep missing is that UKIO's approval allows the CVA to go ahead. It does not allow BIDCO to gain control. UBIG haven't had a meeting yet and the shares are still frozen.

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Are they starting to get their ducks in a row though.?

Quote:

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Originally Posted by Filled Rolls

But they are saying UBIG meeting is next week, is that incorrect? I'm beginning to give up hopes of the Big L, and settling for them spending a couple of seasons in the Championship.

Apart from anything else, this latest article isn't by Barry.

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A couple of different posters from here contacted the UBIG admins directly to ask about the meeting that was reportedly scheduled for this week. They were told that there was no meeting scheduled. If the meeting about which they had posed the questions was in fact scheduled for sometime the following week, I'm sure they would have been told.

There are green lights all the way and ducks lined up all the way to the freezer vault doors. :agree:

So, this latest news is that there IS a creditors meeting on Friday, it's just that its NOT the one that Barry reported?

Furthermore Sergey gave reliable information when he said the UBIG administrator didn't have a meeting this Friday. So far so good.

It now comes down to when the UBIG meeting does take place. If they give a green light, it's just a case of the courts unfreezing the shares?

So is it unrealistic to have the Yams out of admin.by the close season? It's speculation, but I find myself drifting towards the exits - surely there can't be another twist in this game?

My head hurts!! I'm away over to the PM board to find out what is really happening. :greengrin

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Originally Posted by youngyosh

Ever the sceptic...........Don't you love open quotations?

Here is the only factual line as far as I can see.

“If the approval by the creditors of Ukio Bankas and UBIG is on hand, the process will move forward as soon as possible.” :greengrin

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Off topic but :top marks for that avatar.
A thing of beauty.

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Originally Posted by Spike Mandela

Are they starting to get their ducks in a row though.?

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It seems to me like they are tying up the administrative side of things at their end. I think there's been a lot behind the scenes hard work, particularly right now as the finances get perilously low and they need to call liquidation soon to stay in the League structure. They've done just about all they can do, but they would seem to need three more things:

1. the UKIOS major creditor to agree to the suppositions made by the UKIOS admins (which CWG reckons might give them some trouble);

2. the UBIG meeting to happen VERY VERY SOON (I think they are saying next week as that's probably the very last they can run to without declaring liquidation) and obviously, them to be on the agenda;

AND

3. The big one, which is the main bone of contention between us an them - the frozen shares to be released.

I think it was always going to come down to the freezer test, though the date for the UBIG meeting dragging on might also still slay them.

In all seriousness, Jamie Borthwick who has written the STV article http://sport.stv.tv/football/clubs/h...res-next-week/


This guy is a die hard jambo and doesnt hide the fact, IMO he hasn't actually confirmed anything in the article, just "I believe this will happen I believe that will happen etc" I'll be amazed if the meeting on Friday goes ahead, especially on past form. Jamie and AllisBarry are trying to put a positive spin on anything Hearts related.

I am looking forward to their interviews next Monday.

Here's the clearest I can make it.

Hearts are no closer to exiting Administration today than they were last week or even last month.

The UKIO admin could deliver the shares on Friday in a private jet and on a velvet pillow it still won't get them out of Admin. They need UBIGs shares.

There's no evidence of a UBIG meeting next week beyond Borthwick
Theres no evidence of the shares being unfrozen.

Just remember how many times the Yams have started celebrating news only for weeks to pass without anything happening. This is no different.

4. Dry off the share certificates, count and envelope them and load onto a ship.

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Originally Posted by Bajillions

Here's the clearest I can make it.

Hearts are no closer to exiting Administration today than they were last week or even last month.

The UKIO admin could deliver the shares on Friday in a private jet and on a velvet pillow it still won't get them out of Admin. They need UBIGs shares.

There's no evidence of a UBIG meeting next week beyond Borthwick
Theres no evidence of the shares being unfrozen.

Just remember how many times the Yams have started celebrating news only for weeks to pass without anything happening. This is no different.

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I remember the street parties on kickback after this one six months ago. Note how they still had everyone duped that FOH would be in control.

http://www.scotsman.com/sport/footba...vote-1-3198001

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Originally Posted by GlasgowHibee

So can somebody explain to the simpletons like me what this all means? Are the yams going to get away with it all, again?

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They've hardly got away with it, even if this was all to end tomorrow.

You have to be realistic.

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Originally Posted by Pray4Marc

In all seriousness, Jamie Borthwick who has written the STV article http://sport.stv.tv/football/clubs/h...res-next-week/


This guy is a die hard jambo and doesnt hide the fact, IMO he hasn't actually confirmed anything in the article, just "I believe this will happen I believe that will happen etc" I'll be amazed if the meeting on Friday goes ahead, especially on past form. Jamie and AllisBarry are trying to put a positive spin on anything Hearts related.

I am looking forward to their interviews next Monday.

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Despite the quotes from Gintaras Adomonis?

I'd like to add that Scott_jambo on Kickback has repeatedly misquoted me on Kickback. If they have to lie about what I'm saying it tells me I must be right in the first place. I at no point said I had contacted anyone in Lithuania. Nor did I proclaim to have info that the shares would be frozen for years.

Referring to to us as "people on the internet" doesn't change whether we are right. Barry Anderson is a "person on the internet" and he's been wrong on numerous occasions. Doesn't stop them from lapping it up like its water in a desert.

Ill just keep being accurate.

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Originally Posted by CropleyWasGod

Despite the quotes from Gintaras Adomonis?

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Does the Lith courts have to "rubber stamp" the 29.5% shares that Ukio has agreed to let go? :wink:

:rolleyes:

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It appears that the Hobos have left the back door open here, says Phil Space, our fence sitting reporter.

For despite the great hopes of the Hobos on dla.net, it seems that the hopes of other people less hostile to the Yam cause are greater.

There is every hope that a meeting of UBIG creditors might happen next week. "Certainly more chance than it happening last week" said creditors big beak Johnny Hailesland.

"We know that it is a matter of time till something happens, and it is probably going to be sooner rather than later".

Ann Budge, Famous Old Club, 400,000 fans etc.

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[/QUOTE]

Here's a quote from FOH this morning at the end of something unrelated to Hearts admin

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On a more positive note, we continue to look forward to the UBIG creditors meeting being held. The best information at present is that it will take place this Friday (28 March). We know from previous experience that meetings can be delayed at short notice but we will all be keeping our fingers crossed that it takes place as scheduled.

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FOH fell for it as well.

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Originally Posted by TRC

Could they have got ubig Nd ukio mixed and this is just another part of their meeting.

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Whistle smiley

Quote:

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Originally Posted by Bajillions

Here's a quote from FOH this morning at the end of something unrelated to Hearts admin



FOH fell for it as well.

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In fairness, FoH would fall for a man from Nigeria telling them they were due an inheritance.

Quote:

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Originally Posted by TRC

Whistle smiley

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To be honest, I think we gave Bazza credit that even he wouldn't do that. We should've known better.

:greengrin

Is it unusual UKIO have no news of this meeting on their website 4 days before it takes place but had 3 weeks notice of the first meeting?

http://www.ub.lt/en/to-creditors/news

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Originally Posted by Spike Mandela

Is it unusual UKIO have no news of this meeting on their website 4 days before it takes place but had 3 weeks notice of the first meeting?

http://www.ub.lt/en/to-creditors/news

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Yes. (I'm guessing)

Quote:

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Originally Posted by Spike Mandela

Is it unusual UKIO have no news of this meeting on their website 4 days before it takes place but had 3 weeks notice of the first meeting?

http://www.ub.lt/en/to-creditors/news

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I posted something similar on the private board. I have to admit to being confused by the notice-period requirements, but it does seem strange that a further meeting of creditors is scheduled so soon after the first one, with no public announcement of it.

Quote:

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Originally Posted by Spike Mandela

Is it unusual UKIO have no news of this meeting on their website 4 days before it takes place but had 3 weeks notice of the first meeting?

http://www.ub.lt/en/to-creditors/news

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To me, it points to a stitch up, and probably reflects the hard work that BDO have been doing to try and get this through quickly. Don't know the legalities, but the less notice people get, the less chance they can show up to ask awkward questions.

(I know nothing about these things, by the way).

Quote:

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Originally Posted by Spike Mandela

Is it unusual UKIO have no news of this meeting on their website 4 days before it takes place but had 3 weeks notice of the first meeting.

http://www.ub.lt/en/to-creditors/news

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Gintaras Adomonas is running the show for the Hearts it seems. He didn't even mention the UBIG administrator while telling us all what was going to unfold, so maybe he trumps her authority. Unless there is another banana skin for them to skid on it looks like they are going to take the slow and painful death rather than the quick one, which could be a lot more fun. :greengrin

Quote:

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Originally Posted by Filled Rolls

But they are saying UBIG meeting is next week, is that incorrect? I'm beginning to give up hopes of the Big L, and settling for them spending a couple of seasons in the Championship.

Apart from anything else, this latest article isn't by Barry.

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Keep the faith, the big L is still very much on the cards.

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Originally Posted by Golden Fleece

My head hurts!! I'm away over to the PM board to find out what is really happening. :greengrin

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Can you let us know what is going on.

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Originally Posted by Bajillions

Here's the clearest I can make it.

Hearts are no closer to exiting Administration today than they were last week or even last month.

The UKIO admin could deliver the shares on Friday in a private jet and on a velvet pillow it still won't get them out of Admin. They need UBIGs shares.

There's no evidence of a UBIG meeting next week beyond Borthwick
Theres no evidence of the shares being unfrozen.

Just remember how many times the Yams have started celebrating news only for weeks to pass without anything happening. This is no different.

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Oh we do.

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Originally Posted by Bajillions

I'd like to add that Scott_jambo on Kickback has repeatedly misquoted me on Kickback. If they have to lie about what I'm saying it tells me I must be right in the first place. I at no point said I had contacted anyone in Lithuania. Nor did I proclaim to have info that the shares would be frozen for years.

Referring to to us as "people on the internet" doesn't change whether we are right. Barry Anderson is a "person on the internet" and he's been wrong on numerous occasions. Doesn't stop them from lapping it up like its water in a desert.

Ill just keep being accurate.

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I think that boy is stalking you.

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Originally Posted by Bajillions

Here's a quote from FOH this morning at the end of something unrelated to Hearts admin



FOH fell for it as well.

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Too much chunterring by Ian - I was an M.P. - Murray

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Originally Posted by GreenLake

Gintaras Adomonas is running the show for the Hearts it seems. He didn't even mention the UBIG administrator while telling us all what was going to unfold, so maybe he trumps her authority. Unless there is another banana skin for them to skid on it looks like they are going to take the slow and painful death rather than the quick one, which could be a lot more fun. :greengrin

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He doesn't. They are working for different groups of people, and independently of each other.

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Originally Posted by CropleyWasGod

He doesn't. They are working for different groups of people, and independently of each other.

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I wonder if the UBIG admin has been given a translation of the Adomonis article. :wink:

And strangely today....

http://www.baltic-course.com/eng/finances/?doc=89438

What does all this mean ?

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Originally Posted by stevejordan

What does all this mean ?

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Briefly:-

On the face of it, it seems like a step in the right direction for them. The quotes are more credible, given that they come from Gintaras Adomonis, the UKIO admin.

He has stated that there is a meeting of UKIO creditors on Friday. However, given that the agenda for the last one was published online, and that there was a period of notice, I am surprised that another meeting has been called so soon.

His statements about the UBIG meeting seem to be guesswork.