Share Transfers Agreed/Cooling off period

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10-06-2013, 08:11 PM
Jack Hackett

Quote:

Originally Posted by Eire hibs

In fairness, those stairs look really bright. I actually think they've just kicked the H&S down the line. Come the late nights when the have to turn on the 100W bulb a lot of people will have difficulty navigating those stairs........

:hmmm:......Which brings us back to the suggestion recently that maybe the hertz support could bequeath a legacy to the club on their demise
10-06-2013, 08:21 PM
VivaHiberña

Quote:

Originally Posted by BOVRIL

Yes ... this is an obvious ploy by the Gorgie mob to gloss over the real issues.

This is just the start of the Yams bright new future. Soon to come a number of Dulux signings who will bring the SPL Crown to the PBS.

I suppose that means we can't flog them Matt Done?
10-06-2013, 08:35 PM
greenpaper55

Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.
10-06-2013, 09:01 PM
clerriehibs

Quote:

Originally Posted by greenpaper55

Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

Is that paragraph actually legal?!?!?! "We'll sell you shares in our company, but in no way, shape, or form must you be under the impression that you have a share in the company".
10-06-2013, 09:03 PM
Sanger

Quote:

Originally Posted by greenpaper55

Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

The shares are worthless a total scam. How no legal expert never brought this to the attention of the media or fans is beyond belief. The whole HMfC/Romanov is one of the great swindles of modern times. When this all comes to a head there is going to be some book on the whole story. I demand a Panorama special!
10-06-2013, 09:05 PM
DaveF

Quote:

Originally Posted by desantos0773

The shares are worthless a total scam. How no legal expert never brought this to the attention of the media or fans is beyond belief. The whole HMfC/Romanov is one of the great swindles of modern times. When this all comes to a head there is going to be some book on the whole story. I demand a Panorama special!

We need the closing chapters to be written though, so wouldn't mind the Lith authorities getting a shift on and killing off UKIO and UBIG.
10-06-2013, 09:06 PM
poolman

Quote:

Originally Posted by greenpaper55

Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

Just wow
10-06-2013, 09:21 PM
hibs0666

Quote:

Originally Posted by greenpaper55

Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

I might be reading this wrong, but all this appears to say to me is that there is no intention for the shares to be listed on any stock exchange or financial market. This is the same as the vast majority of companies in the UK.
10-06-2013, 09:24 PM
poolman

One for Cavendish or CWG

Could this shares malarky be construed as fraud by the regulatory people that deal with this

Also,could charges be forthcoming if it is
10-06-2013, 09:28 PM
matty_f

Quote:

Originally Posted by hibs0666

I might be reading this wrong, but all this appears to say to me is that there is no intention for the shares to be listed on any stock exchange or financial market. This is the same as the vast majority of companies in the UK.

When is a share not a share?

One for the experts: if the shares aren't registered anywhere, and there's no market for trading them... how does that fit with the statement that the share issue was a step towards fan ownership?
10-06-2013, 09:28 PM
CropleyWasGod

Quote:

Originally Posted by poolman

One for Cavendish or CWG

Could this shares malarky be construed as fraud by the regulatory people that deal with this

Also,could charges be forthcoming if it is

The longer the share certificates remain unissued, the more likely that fraud has been committed. The regulatory people would be the police :greengrin

As for the wording on the supposed "certificates", I am not sure there is a problem. Hearts are a PLC but, AFAIK, their shares aren't traded anywhere. So, in broad terms, that wording reflects the rest of the shares.
10-06-2013, 09:30 PM
CropleyWasGod

Quote:

Originally Posted by matty_f

When is a share not a share?

One for the experts: if the shares aren't registered anywhere, and there's no market for trading them... how does that fit with the statement that the share issue was a step towards fan ownership?

The market for trading the "shares" would be the private one, just as it is for most private companies and many public companies. If I want to sell shares in my company, I find a buyer.... I don't need to take them to any public market.
10-06-2013, 09:31 PM
Ozyhibby

Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)
10-06-2013, 09:35 PM
hibs0666

Quote:

Originally Posted by matty_f

When is a share not a share?

One for the experts: if the shares aren't registered anywhere, and there's no market for trading them... how does that fit with the statement that the share issue was a step towards fan ownership?

I don't think these things are in conflict. The yams shares (if they were ever issued) would be traded in exactly the same way as Hibs shares are traded i.e. via a financial bloke at the club.
10-06-2013, 09:42 PM
Part/Time Supporter

Quote:

Originally Posted by CropleyWasGod

The market for trading the "shares" would be the private one, just as it is for most private companies and many public companies. If I want to sell shares in my company, I find a buyer.... I don't need to take them to any public market.

:agree:

Including Hibs. If you want to buy shares in Hibs, you find someone who has some and acquire them from that holder. Alternatively you can write to Hibs, as there is one employee who passes on to applicants any shares that have been returned.

The potential offence with Hearts and their recent issue is the failure to comply with Companies Act 2006 s555 / s557 (registering allotment of shares). That should have been done within a month of when the share issue closed, just before Christmas. The penalty for that is only a fine though. That said, I'm not exactly sure why they haven't bothered to do this, other than saving some relatively minor administrative costs of compliance. Cock-up is far more likely than conspiracy IMO (like much else of their off-field management recently).
10-06-2013, 09:50 PM
clerriehibs

Quote:

Originally Posted by Ozyhibby

Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

so entertaining! :hahaha::brokenyam:
10-06-2013, 09:57 PM
Leishy1995

Did they pay the 100k??!
10-06-2013, 09:58 PM
Hermit Crab

Quote:

Originally Posted by Leishy1995

Did they pay the 100k??!

No sod knows.
10-06-2013, 09:59 PM
Hermit Crab

Quote:

Originally Posted by Ozyhibby

Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

That's my bedtime reading sorted then :D
10-06-2013, 10:01 PM
poolman

Quote:

Originally Posted by CropleyWasGod

The market for trading the "shares" would be the private one, just as it is for most private companies and many public companies. If I want to sell shares in my company, I find a buyer.... I don't need to take them to any public market.

Cheers Crops
10-06-2013, 10:05 PM
greenginger

Quote:

Originally Posted by Part/Time Supporter

:agree:

Including Hibs. If you want to buy shares in Hibs, you find someone who has some and acquire them from that holder. Alternatively you can write to Hibs, as there is one employee who passes on to applicants any shares that have been returned.

The potential offence with Hearts and their recent issue is the failure to comply with Companies Act 2006 s555 / s557 (registering allotment of shares). That should have been done within a month of when the share issue closed, just before Christmas. The penalty for that is only a fine though. That said, I'm not exactly sure why they haven't bothered to do this, other than saving some relatively minor administrative costs of compliance. Cock-up is far more likely than conspiracy IMO (like much else of their off-field management recently).

Hearts are registered as a PLC whereas Hibs are a limited company.

Does that make any difference how a new share issue should be managed ?
10-06-2013, 10:08 PM
leithsansiro

Quote:

Originally Posted by JoeTortolanoFanClub

I thought that was a spoof. Then I realised it was real. The result ? I spluttered my soup all down my shirt. Was it worth it ? Too right it was. Classic !

So did I!!

They can paint it all they like. As the saying goes, sprinkling glitter on dog's dirt doesn't make it any more beautiful!
10-06-2013, 10:09 PM
Mon Dieu4

Quote:

Originally Posted by Ozyhibby

Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

That is an absolute stoater of a thread and the best 20 mins I've spent in ages Haha
10-06-2013, 10:12 PM
AinsterHibs

hh,

Quote:

Originally Posted by Ozyhibby

Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

Very true, infighting. denial and accusatory insulting abound. Like the Rovers after a scandal - not that I watch that pi$h, often. :)
10-06-2013, 10:14 PM
Hermit Crab

Quote:

Originally Posted by Mon Dieu4

That is an absolute stoater of a thread and the best 20 mins I've spent in ages Haha

A post from the said thread.

Quote:

rudi, on 10 June 2013 - 06:17 PM, said:

What about the fans who have been desperately concerned about the club for years, hmmm, was it okay to have a right go at them when myself and others could see the bigger picture, but hey 5-1.

I'm not sure I understand what you mean mate. If you mean that the club has been mismanaged financially under Vlad then few could argue but we were up the creek before he arrived and we're up the creek now. The small matter of two Scottish cups and loads of other memories over the last ten years make it all worthwhile.
10-06-2013, 10:16 PM
Sanger

Quote:

Originally Posted by greenginger

Hearts are registered as a PLC whereas Hibs are a limited company.

Does that make any difference how a new share issue should be managed ?

shares must be registered to HMfC to make them legal part of total capital otherwise they are not and worthless and not transferable.
10-06-2013, 10:18 PM
bodoglimt

Latest scotsman report states that the £110k is a shortfall in the 1st £500k tranch in payments to HMRC

Over to our financial gurus:flag:
10-06-2013, 10:19 PM
bodoglimt

Quote:

Originally Posted by bodoglimt

Latest scotsman report states that the £110k is a shortfall in the 1st £500k tranch in payments to HMRC

Over to our financial gurus:flag:

Oops that should be £100K
10-06-2013, 10:20 PM
WeeWendy

Foundation of Hearts ‘ready for bid by end of month' (Scotsman website)

Is this new - it explains the £100k
10-06-2013, 10:24 PM
clerriehibs

Quote:

Originally Posted by bodoglimt

Latest scotsman report states that the £110k is a shortfall in the 1st £500k tranch in payments to HMRC

Over to our financial gurus:flag:

Oh, pllllllllease let it be so!

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