Share Transfers Agreed/Cooling off period

Quote:

---

Originally Posted by Kato

Has this been verified anywhere?

---

Aye. I say so :greengrin

Quote:

---

Originally Posted by Kato

Has this been verified anywhere? I understand how it adds up to that amount but can they call back the debt forgiveness after the fact given it appeared on Hearts accounts as a deal that was done and dusted. Or have the found out they forgave it to themselves? :cb

---

They forgave it tae themselves so they still owe it tae themselves really. I really think they should pay themselves back now, they've owed themselves it too long. :agree:

Quote:

---

Originally Posted by Desperate Dan

They forgave it tae themselves so they still owe it tae themselves really. I really think they should pay themselves back now, they've owed themselves it too long. :agree:

---

Just because it happened a few years ago it doesn't take it out of the equation :agree:

Quote:

---

Originally Posted by paul_hfc3

To settle an argument with my Jambos mate in the pub. How much is Tynecastle worth as an area of flats or shops to be built on (the land basically) They claim that Tynecastle won't be sold off because it is worth nothing because nothing cant be built in the area if Tynecastle was to be demolished., because the area is unsafe due to the brewery now pouring out bad gasses in air, therefore nothing can be built. Is this true or rubbish?

---

Don't think that's true,they just rebuilt Tynecastle high school a hundred yards from the cowp.

Quote:

---

Originally Posted by DaveF

We have, but mainly for league cup ties against lower division opposition, no?

Today was £5 for everyone at Tynecastle and they got 16,300 attending. Clearly not all of them are going to go back but if it sows the seed in just a couple of hundred, those kay go on to become full paying ST holders in the not so distant future.

Sure, it was a gimmick today, but I would argue it was a gimmick worth doing.

---

The Hibernian Community Foundation gives away a lot of tickets to category B home matches throughout the season as well as interacting with a number of local charities and community groups.

Quote:

---

Originally Posted by Kaiser1962

The Hibernian Community Foundation gives away a lot of tickets to category B home matches throughout the season as well as interacting with a number of local charities and community groups.

---

aye, and the next thing we'll be hearing is that city cabs throw in their taxi service as part of the deal:wtf:

Quote:

---

Originally Posted by monktonharp

aye, and the next thing we'll be hearing is that city cabs throw in their taxi service as part of the deal:wtf:

---

I dont think City Cabs are involved.

Quote:

---

Originally Posted by Desperate Dan

They forgave it tae themselves so they still owe it tae themselves really. I really think they should pay themselves back now, they've owed themselves it too long. :agree:

---

big man, they might say to the lith admin that they forgot to mention that they forgave the Ubig mob, or the Ukio Bankio or whoever was meant to have been forgiven. I've forgot what I meant to say now.

Quote:

---

Originally Posted by Kaiser1962

I dont think City Cabs are involved.

---

nah, I'll leave it at that mate. just feel that we are suddenly on another track. what city cabs denied doing for Hmofc and helping HFC is a totally different issue, as is the reduced prices for ER.

Quote:

---

Originally Posted by monktonharp

nah, I'll leave it at that mate. just feel that we are suddenly on another track. what city cabs denied doing for Hmofc and helping HFC is a totally different issue, as is the reduced prices for ER.

---

I must have missed that one. Apologies.

Quote:

---

Originally Posted by Kaiser1962

The Hibernian Community Foundation gives away a lot of tickets to category B home matches throughout the season as well as interacting with a number of local charities and community groups.

---

We'd just got this thread back on track. This thread is for the demise of the windae lickers can we please keep tae that and discuss other issues elsewhere.

http://translate.googleusercontent.c...C-q5IaB2uzUoUw

Confirming Sergey's info of 24 hours ago.

No doubt the newspapers will catch up by Tuesday.

Quote:

---

Originally Posted by Desperate Dan

We'd just got this thread back on track. This thread is for the demise of the windae lickers can we please keep tae that and discuss other issues elsewhere.

---

I will consider myself duly reprimanded :greengrin

Quote:

---

Originally Posted by Kaiser1962

I will consider myself duly reprimanded :greengrin

---

:thumbsup:

:greengrin

UB lend £22m to UBIG to clear HMFC debt to HBOs then lend £15m direct to HMfC & £10m UBIG to finance £25m of further debt run up under Romanov from wages/transfer fees. UBIG convert £22m of debt to HMFC in 2008 & 2010 to equity and give equity to UB as security. UN owed directly £47m by UB & HMFC.

Quote:

---

Originally Posted by desantos0773

UB lend £22m to UBIG to clear HMFC debt to HBOs then lend £15m direct to HMfC & £10m UBIG to finance £25m of further debt run up under Romanov from wages/transfer fees. UBIG convert £22m of debt to HMFC in 2008 & 2010 to equity and give equity to UB as security. UN owed directly £47m by UB & HMFC.

---

Is this just speculation or has there been a release of info that shows their debt to be higher?

Oooft :greengrin

Quote:

---

Originally Posted by desantos0773

UB lend £22m to UBIG to clear HMFC debt to HBOs then lend £15m direct to HMfC & £10m UBIG to finance £25m of further debt run up under Romanov from wages/transfer fees. UBIG convert £22m of debt to HMFC in 2008 & 2010 to equity and give equity to UB as security. UN owed directly £47m by UB & HMFC.

---

I followed this until UN came into play, who they?

Quote:

---

Originally Posted by scoopyboy

I followed this until UN came into play, who they?

---

They would have to get involved after Obama had said that we cannot let heros like this fade into obscurity.:wink:

Quote:

---

Originally Posted by scoopyboy

I followed this until UN came into play, who they?

---

I assume that's the administrator / new bank

Quote:

---

Originally Posted by scoopyboy

I followed this until UN came into play, who they?

---

Hearts had the begging bowl out to everyone and the United Nations listened to the cry for help, they couldnt let an institution that helped win a war go to the wall.

Quote:

---

Originally Posted by Col2

I assume that's the administrator / new bank

---

Valnetas UAB were appointed Admins, to be honest. I'll take this £47 mil with a pinch of salt until it's proven correct/right/soon.

Quote:

---

Originally Posted by EdinMike

Valnetas UAB were appointed Admins, to be honest. I'll take this £47 mil with a pinch of salt until it's proven correct/right/soon.

---

£47 mil AND a pinch of salt. That could be the straw that broke the camels back.

Quote:

---

Originally Posted by Ozyhibby

Is this just speculation or has there been a release of info that shows their debt to be higher?

---

The £15m is certainly as blatant a case of gratuitous alienation as you'll see (see post 12789 for details) and they didn't even see fit to mention the switcheroo to the prospective shareholders. That's why HoMFC's directors resigned from the board of UBIG.

Quote:

---

Originally Posted by EdinMike

Valnetas UAB were appointed Admins, to be honest. I'll take this £47 mil with a pinch of salt until it's proven correct/right/soon.

---

One thing just occured to me though. Remember Vlad was asking for £50M when he first put the Skintoids up for sale, a figure seemingly plucked from thin air at the time.

Where is that Daffy Duck gif?

Quote:

---

Originally Posted by Caversham Green

The £15m is certainly as blatant a case of gratuitous alienation as you'll see (see post 12789 for details) and they didn't even see fit to mention the switcheroo to the prospective shareholders. That's why HoMFC's directors resigned from the board of UBIG.

---

£47m makes sense given the £25m is just the Pieman's debt plus interest. They should be in administration right now.

Quote:

---

Originally Posted by scoopyboy

I followed this until UN came into play, who they?

---

UN a typo should be UB. Not difficult to follow. Current debt of HMfC £25m. £22m converted to equity by UBIG in 2008 & 2010. But UBIG still owe the £22m to UB that's why the UB hold the 79% equity or shares in HMFC. In short UB have lost £47m to HMFC directly or indirectly. And they'll settle with getting £2m!

Quote:

---

Originally Posted by desantos0773

UN a typo should be UB. Not difficult to follow. Current debt of HMfC £25m. £22m converted to equity by UBIG in 2008 & 2010. But UBIG still owe the £22m to UB that's why the UB hold the 79% equity or shares in HMFC. In short UB have lost £47m to HMFC directly or indirectly. And they'll settle with getting £2m!

---

Does that not mean that UB are majority owners and now that its confirms they have going through insolvency process, SPL rules should mean and automatic 18 point penalty, even if debt not called in yet??

Quote:

---

Originally Posted by desantos0773

UN a typo should be UB. Not difficult to follow. Current debt of HMfC £25m. £22m converted to equity by UBIG in 2008 & 2010. But UBIG still owe the £22m to UB that's why the UB hold the 79% equity or shares in HMFC. In short UB have lost £47m to HMFC directly or indirectly. And they'll settle with getting £2m!

---

And the forgiveness debts, £ 8.8 million forgiven by Natborg Projects Corp. and £ 5.9 million forgiven by ImpExNet in the 2011 accounts. :confused:

Any idea where that debt is supported from ? I just don't get the idea that companies debts can be shunted off up a siding and forgotten about.They may be off the Yams books but UBIG or Ukio Bankas must have taken the financial hit for the losses.

Quote:

---

Originally Posted by greenginger

And the forgiveness debts, £ 8.8 million forgiven by Natborg Projects Corp. and £ 5.9 million forgiven by ImpExNet in the 2011 accounts. :confused:

Any idea where that debt is supported from ? I just don't get the idea that companies debts can be shunted off up a siding and forgotten about.They may be off the Yams books but UBIG or Ukio Bankas must have taken the financial hit for the losses.

---

UB have taken the hit they have either lent to UBIG or directly to HMFC. UBIG just a front to pass funds from UB to Romanov's projects (HMFC, Kaunas.
, basketball, sports stadium). That's why UB have a £300 million gap between assets and liabilities (loans) which had to be filled by Lithuanian state borrowing that money to keep depositors and good loans of UB afloat so could be transferred to other bank. UB losses to HMFC are 17% of that hole. The administrator will want to get as much of that money back as possible. Remember HMFC signed a deal to sell Tynie to Cala homes. While the administrators Willmot raise the sum agreed back then it is the route which will maximise he money they recover from HMFC.