In the same quote he says it was inevitable. Not the brightest.Quote:
Originally Posted by DarrenSQH
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In the same quote he says it was inevitable. Not the brightest.Quote:
Originally Posted by DarrenSQH
I've just been to the cashline and its official, i have more money than the Yams
Attachment 10287
Remember this plum?
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Originally Posted by mca
And wee fat Robbo is nowhere to be found.... Probably still scoffin' the rest o' the buffet in the Gorgie Suite
:jmcp:..... C'mon then if ye think yer big enough......
Paul Gascoigne has turned up at Tynecastle wi a fishing rod and a chicken. :cb
They will be debt free except in Div 3 renting the Spartan's ground!Quote:
Originally Posted by Bajillions
Was my birthday yesterday. I'll take it :DQuote:
Originally Posted by Purehibee_MYB
Jack Daniels knew:
https://www.facebook.com/jackdaniels?fref=ts
"Raise a glass to character and integrity"
"No dress code. Just wear black"
"Time to gather for good times. You're invited"
"Keep doing the right thing"
"Man up. Own your choices"
Quote:
Originally Posted by Russian Hibs
my two email addresses have both got hibs references
is there any way you can pledge to fight the good fight without it being too obvious?
What would be the trigger for liquidation to happen? Is it simply just down to not having funds to trade day to day? I'm thinking not as they're already in that position?
A 15 point penalty is nowhere near enough of a punishment in my opinion. Liquidation and punted to div 3 (I know that technically it would be a new co) is what I'm wanting to happen.
I'd not complain if there was liquidation and then that was the end of them either though!
At least they can get in Daniel Cousin.
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17062013
They're blaming Robinson for all this mess. And down right refuse to place any on the mad one. :faf:
Do you have a maxed out overdraft of £24.9mil??Quote:
Originally Posted by Mon Dieu4
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Originally Posted by greengnome
Aye.. It`s All-You-Can-Eat Night at the some Restaurant nearby..:wink:.
One of those annoying wee bald Hearts fuds that everyone hated :-)Quote:
Originally Posted by McPhisto2
Their logic seems to be the debt is the same now. Give or take the £40 million or so written off or swapped for equity that might be about right.Quote:
Originally Posted by Hibercelona
I saw this. Literally incredible. :confused:Quote:
Originally Posted by Hibercelona
Utter Genius sir:not worthQuote:
Originally Posted by Wotherspiniesta
I prefer to loan myself the money, that way you owe it to yourselfQuote:
Originally Posted by kdhibees1
1 5
points off ya shower of *****.
GIRFUY
No chance. If Hearts get a 3rd division place before Spartans there is no way they would rent the ground to them.Quote:
Originally Posted by desantos0773
Imaginary certificates for imaginary shares :lolyam:
Quote:
Originally Posted by Www1875hfc
And Nae Beer... :faf:
see my post on what administration means. But admin will try and sell HMFC as whole first before liquidation. Has eight weeks to analysis the situation but will have to pay everyone off now as no cash flow and no overdraft facilities.Quote:
Originally Posted by 7062
They are in that position just now but aren't being run by someone who will abide by the letter of the law. This is precisely what makes me think they won't survive. August is a fair bit away.Quote:
Originally Posted by 7062
Follow @JKBmeltdown on twitter #****ed
Not entirely sure of the in's and outs of an 'Adminastrator' and there exact role but surely any legitimate accounting type company going into Tynie to act as an adminastrator has no choice but to liquidate them.
They're due money all over the place and its big hefty sums, not just a few hundred here and there.
Can't see HMRC accepting any less than the agreed plan they already have and the Lithuanian adminastrators are going to want as much as the can get from hearts.
Get them shut doon, they deserve everything they get.
Whatever they are due to pay right now (eg the £1.5M settlement with HMRC) will be frozen and they won't have to pay. Administration gives them a little bit of breathing space because of that, but they will have to generate enough cash to pay the costs they incur from now (mainly wages and taxes). Problem is, as the club itself has pointed out, is the next significant incomes aren't due for another 6-7 weeks, when the SPL season starts. Their only hopes are that fans start buying tickets in significant numbers, or possibly that FOH (or other groups) generate some cash and pass that onto the club.Quote:
Originally Posted by 7062
So for this to work, the admins have to work out how much money is owed and to who, then, they need to find a buyer who can pay cash up front. Then they need to go out to the creditors with an offer and get them to agree. All of this when the company has zero cash and no income! I just cant see how the admins can come in and NOT say that ceasing to trade is the only option!
FOH seemed to be the front runner for a takeover but it will take quite a bit of time for them to get all those pledges in. Bear in mind they are wanting them to sign up to Direct debits. It will take a few days if not weeks to get the DD's set up, then people will probably want the DD's to come out on a specific date so they will have to wait further for the money to be paid.