Share Transfers Agreed/Cooling off period

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Originally Posted by Dunderhall

STV news

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Well done! post no. 25000 on the thread!

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Originally Posted by Dunderhall

STV news

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"A CVA at Hearts still hinges on former parent company UBIG entering administration in Lithuania.
The holding company is expected to have a court-appointed insolvency process confirmed some time in August.
At that moment BDO would be able to start negotiating to release UBIG's 50% shareholding in Hearts."

They can negotiate all they want but there's nae chance of the shares being unfrozen while UBIG are under criminal investigation

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Originally Posted by #FromTheCapital

"A CVA at Hearts still hinges on former parent company UBIG entering administration in Lithuania.
The holding company is expected to have a court-appointed insolvency process confirmed some time in August.
At that moment BDO would be able to start negotiating to release UBIG's 50% shareholding in Hearts."

They can negotiate all they want but there's nae chance of the shares being unfrozen while UBIG are under criminal investigation

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essentailly the Lith government are the adminsitrators. They will laugh the bids out of town but may sanction the sale of Tynie in a liquidation sale and put the proceeds in trust until the Romanov swindle is unbundled.

They still hanging by a fingernail? Just go newco ya bunch o stupid yams. You know you have to.

..that makes you realise how lucky you are to be a hibby.

New bucket seats to make our UEFA compliant stadium look even better than it is.

A brand new 200k striker.

A European night ahead of us.

Hearts are ****ed.

Anyone got anything else to add?

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Originally Posted by Sconaldo

..that makes you realise how lucky you are to be a hibby.

New bucket seats to make our UEFA compliant stadium look even better than it is.

A brand new 200k striker.

A European night ahead of us.

Hearts are ****ed.

Anyone got anything else to add?

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5-1 1902 forever in their shadows tho

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Originally Posted by Technofob

That could catch on....#goforangelo!!!

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http://www.youtube.com/watch?v=RRLQs0w4ExY

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Originally Posted by Sconaldo

..that makes you realise how lucky you are to be a hibby.

New bucket seats to make our UEFA compliant stadium look even better than it is.

A brand new 200k striker.

A European night ahead of us.

Hearts are ****ed.

Anyone got anything else to add?

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Had a wee look over there and their current focus is on compiling a list of articles about Hibs players getting arrested and so on.

From a team who have employed their share of sex offenders and who have had recent players done for drink driving and coke use its fairly desperate.

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Originally Posted by Sconaldo

..that makes you realise how lucky you are to be a hibby.

New bucket seats to make our UEFA compliant stadium look even better than it is.

A brand new 200k striker.

A European night ahead of us.

Hearts are ****ed.

Anyone got anything else to add?

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Now you ask... Here's all we don't have....

No employees on the register...
No owner/former owner captured on YouTube slapping our players in the puss
No asbestos at Easter Road
No hole in the roof
No begging emails for players wages each month
No stupid Russian hats or talk of submarines and such like
No failed planning permission for stadium development
No linkage with Satan as a 'celebrity fan'
No chance of our failing to exist when the season kicks off next week
No laughing stock of football tag attached to us for five plus years of sheep like following and abject stupidity
No beautiful people adverts
No mandatory cake sales to pay staff wages
No players picked by fax machine
No silly claims of Brazilian word cup stars not materialising
No revolving door of managers in less than a decade
No liquidators
No maroon
No daft explayers leaving us and making a gig of themselves with shirt numbers for a team that will soon cease to be
No flats on our pitch
No failure to beat our local rivals at the last time of asking when it might be the last time ever
No gorgie
No Foulkes, Salmond or Corbett
No lack of hope for the future as our rivals hang on by a thread with nothing more than b list celebs making silly hand gestures and in the process calling us fannies under their breaths

.... There's more. :D

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Originally Posted by Bad Martini

Now you ask... Here's all we don't have....

No employees on the register...
No owner/former owner captured on YouTube slapping our players in the puss
No asbestos at Easter Road
No hole in the roof
No begging emails for players wages each month
No stupid Russian hats or talk of submarines and such like
No failed planning permission for stadium development
No linkage with Satan as a 'celebrity fan'
No chance of our failing to exist when the season kicks off next week
No laughing stock of football tag attached to us for five plus years of sheep like following and abject stupidity
No beautiful people adverts
No mandatory cake sales to pay staff wages
No players picked by fax machine
No silly claims of Brazilian word cup stars not materialising
No revolving door of managers in less than a decade
No liquidators
No maroon
No daft explayers leaving us and making a gig of themselves with shirt numbers for a team that will soon cease to be
No flats on our pitch
No failure to beat our local rivals at the last time of asking when it might be the last time ever
No gorgie
No Foulkes, Salmond or Corbett
No lack of hope for the future as our rivals hang on by a thread with nothing more than b list celebs making silly hand gestures and in the process calling us fannies under their breaths

.... There's more. :D

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no Wonga (although there's a fair amount of wonga)

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Originally Posted by Sconaldo

..that makes you realise how lucky you are to be a hibby.

New bucket seats to make our UEFA compliant stadium look even better than it is.

A brand new 200k striker.

A European night ahead of us.

Hearts are ****ed.

Anyone got anything else to add?

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Hibs fan wins bbc sports personality of the year (NAP):agree:

Quote:

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Originally Posted by Sconaldo

..that makes you realise how lucky you are to be a hibby.

New bucket seats to make our UEFA compliant stadium look even better than it is.

A brand new 200k striker.

A European night ahead of us.

Hearts are ****ed.

Anyone got anything else to add?

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Even Nike can't totally screw up the inherent rightness of green.

Not even Prada could make maroon acceptable or desirable.

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Originally Posted by Bad Martini

Now you ask... Here's all we don't have....

No employees on the register...
No owner/former owner captured on YouTube slapping our players in the puss
No asbestos at Easter Road
No hole in the roof
No begging emails for players wages each month
No stupid Russian hats or talk of submarines and such like
No failed planning permission for stadium development
No linkage with Satan as a 'celebrity fan'
No chance of our failing to exist when the season kicks off next week
No laughing stock of football tag attached to us for five plus years of sheep like following and abject stupidity
No beautiful people adverts
No mandatory cake sales to pay staff wages
No players picked by fax machine
No silly claims of Brazilian word cup stars not materialising
No revolving door of managers in less than a decade
No liquidators
No maroon
No daft explayers leaving us and making a gig of themselves with shirt numbers for a team that will soon cease to be
No flats on our pitch
No failure to beat our local rivals at the last time of asking when it might be the last time ever
No gorgie
No Foulkes, Salmond or Corbett
No lack of hope for the future as our rivals hang on by a thread with nothing more than b list celebs making silly hand gestures and in the process calling us fannies under their breaths

.... There's more. :D

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No comparison!

[QUOTE=Bad Martini;3686570]Now you ask... Here's all we don't have....

No employees on the register...
No owner/former owner captured on YouTube slapping our players in the puss
No asbestos at Easter Road
No hole in the roof
No begging emails for players wages each month
No stupid Russian hats or talk of submarines and such like
No failed planning permission for stadium development
No linkage with Satan as a 'celebrity fan'
No chance of our failing to exist when the season kicks off next week
No laughing stock of football tag attached to us for five plus years of sheep like following and abject stupidity
No beautiful people adverts
No mandatory cake sales to pay staff wages
No players picked by fax machine
No silly claims of Brazilian word cup stars not materialising
No revolving door of managers in less than a decade
No liquidators
No maroon
No daft explayers leaving us and making a gig of themselves with shirt numbers for a team that will soon cease to be
No flats on our pitch
No failure to beat our local rivals at the last time of asking when it might be the last time ever
No gorgie
No Foulkes, Salmond or Corbett
No lack of hope for the future as our rivals hang on by a thread with nothing more than b list celebs making silly hand gestures and in the process calling us fannies under their breaths

.... There's more. :D[/QUOTE
No Hearts in Europe :flag:

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Originally Posted by Bad Martini

Now you ask... Here's all we don't have....

No employees on the register...
No owner/former owner captured on YouTube slapping our players in the puss
No asbestos at Easter Road
No hole in the roof
No begging emails for players wages each month
No stupid Russian hats or talk of submarines and such like
No failed planning permission for stadium development
No linkage with Satan as a 'celebrity fan'
No chance of our failing to exist when the season kicks off next week
No laughing stock of football tag attached to us for five plus years of sheep like following and abject stupidity
No beautiful people adverts
No mandatory cake sales to pay staff wages
No players picked by fax machine
No silly claims of Brazilian word cup stars not materialising
No revolving door of managers in less than a decade
No liquidators
No maroon
No daft explayers leaving us and making a gig of themselves with shirt numbers for a team that will soon cease to be
No flats on our pitch
No failure to beat our local rivals at the last time of asking when it might be the last time ever
No gorgie
No Foulkes, Salmond or Corbett
No lack of hope for the future as our rivals hang on by a thread with nothing more than b list celebs making silly hand gestures and in the process calling us fannies under their breaths

.... There's more. :D

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No flour left in Gorgie!

Less than no points.

No Hearts :):):)

Sent from my GT-I9300 using Tapatalk 2

(BN) Lithuanian Court Names Administrator for Hearts Owner, VZ S
ays


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Lithuanian Court Names Administrator for Hearts Owner, VZ Says
2013-07-25 14:10:21.349 GMT




By Bryan Bradley
July 25 (Bloomberg) -- A Lithuanian court today started
bankruptcy proceedings against UBIG, the company controlled by
investor Vladimir Romanov and the majority owner of Heart of
Midlothian soccer club in Scotland, Verslo Zinios reported.
The district court in Kaunas appointed firm Insolvensa UAB
as UBIG’s administrator, the business newspaper reported, citing
a spokeswoman for the court. The decision can be appealed with
10 days, the newspaper said.
So is this the 'right' or the 'wrong' administrator?:confused:

Thought reports said 3 weeks til this happened, although I remember reading today was d day.

should get interesting now...

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Originally Posted by Lix

(BN) Lithuanian Court Names Administrator for Hearts Owner, VZ Says
+------------------------------------------------------------------------------+
Lithuanian Court Names Administrator for Hearts Owner, VZ Says
2013-07-25 14:10:21.349 GMT

By Bryan Bradley

July 25 (Bloomberg) -- A Lithuanian court today started bankruptcy proceedings against UBIG, the company controlled by investor Vladimir Romanov and the majority owner of Heart of Midlothian soccer club in Scotland, Verslo Zinios reported.

The district court in Kaunas appointed firm Insolvensa UAB as UBIG’s administrator, the business newspaper reported, citing a spokeswoman for the court. The decision can be appealed with 10 days, the newspaper said.

So is this the 'right' or the 'wrong' administrator?:confused:

Thought reports said 3 weeks til this happened, although I remember reading today was dday.

should get interesting now...

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That's a different firm from the one liquidating Ukio (Valentas).

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Originally Posted by Part/Time Supporter

That's a different firm from the one liquidating Ukio (Valentas).

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A little mud in the water can't be a bad thing?

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Originally Posted by CropleyWasGod

No.

Rejecting an offer in that way would lead to liquidation. In a liquidation, they would get their share of whatever the market paid for the assets.

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Couple of things, if they rejected it would BDO give the bidders another shot to see if they can come up with more dosh?

Lastly, the way I see it is that there isnt going to be a CVA as any bids less than the secured amount goes straight to Ukio so nothing left in the pot for a CVA? or, are these 2 million etc bids split, 1 million for secured creditor and 1 million for CVA?

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Originally Posted by HFCDaveA

Couple of things, if they rejected it would BDO give the bidders another shot to see if they can come up with more dosh?

Lastly, the way I see it is that there isnt going to be a CVA as any bids less than the secured amount goes straight to Ukio so nothing left in the pot for a CVA? or, are these 2 million etc bids split, 1 million for secured creditor and 1 million for CVA?

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Clearly there will not be a CVA until the size of the bid exceeds the value of the PBS as development site.

Then it will have to satisfy the administrators for UKIOS and UBIG. That all assumes that the Lithuanian Courts remove the embargo on the sale of UBIG assets.

That will probably take months if not years?

Quote:

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Originally Posted by Bad Martini

Now you ask... Here's all we don't have....

No employees on the register...
No owner/former owner captured on YouTube slapping our players in the puss
No asbestos at Easter Road
No hole in the roof
No begging emails for players wages each month
No stupid Russian hats or talk of submarines and such like
No failed planning permission for stadium development
No linkage with Satan as a 'celebrity fan'
No chance of our failing to exist when the season kicks off next week
No laughing stock of football tag attached to us for five plus years of sheep like following and abject stupidity
No beautiful people adverts
No mandatory cake sales to pay staff wages
No players picked by fax machine
No silly claims of Brazilian word cup stars not materialising
No revolving door of managers in less than a decade
No liquidators
No maroon
No daft explayers leaving us and making a gig of themselves with shirt numbers for a team that will soon cease to be
No flats on our pitch
No failure to beat our local rivals at the last time of asking when it might be the last time ever
No gorgie
No Foulkes, Salmond or Corbett
No lack of hope for the future as our rivals hang on by a thread with nothing more than b list celebs making silly hand gestures and in the process calling us fannies under their breaths

.... There's more. :D

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No Yam recently won 'WIMBLEDON' !!!!

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Originally Posted by Part/Time Supporter

That's a different firm from the one liquidating Ukio (Valentas).

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It was always going to be a different firm - I never had any doubts.

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Originally Posted by HFCDaveA

Couple of things, if they rejected it would BDO give the bidders another shot to see if they can come up with more dosh?

Lastly, the way I see it is that there isnt going to be a CVA as any bids less than the secured amount goes straight to Ukio so nothing left in the pot for a CVA? or, are these 2 million etc bids split, 1 million for secured creditor and 1 million for CVA?

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1. if the bids are miles away from what the Liths want, there's no point in giving them another shot. It would be a waste of money.

2. the bidders will have to specify how much is for the secured creditor(s), and how much for the unsecured through the CVA. So, in theory, someone could bid £1m for each.

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Originally Posted by Bostonhibby

A typical Yam response might be

How can this be true? We have a foundation with an MP and everything, we have pledges that will never end, some of them are even from hearts fans.

The man is nowhere near a big enough crook for the big team, never will be a dear leader - what countries population has he ever robbed FFS?

Where is he getting the money from? bound to be dirty money and its not as if he is borrowing it from himself.

Not a single promise about Champions Leagues, megasuperhotelstadium, splitting the OF, Christ I bet he doesn't even know how to put a planning application into cardboard boxes.

Absolutely no evidence that he can dance or captain a submarine. We should just say we want someone more Yam minded - we can do that, can't we Mr Murray MP sir? after all we are a big team who won the cup and a war.

Maybe we should have got together earlier to form a committee to vet candidates and say who we want and at what price, if that Cowell guy can do it on X Factor there's no reason why we can't, we are bigger than X Factor.

I am really hoping that we haven't done all that baking only to find that the new Mr Kipling is some lightweight in the international money laundering and financial crime world, just not hearts class, I can't see him lasting any where near as long as Vlad in the international hide and seek game with the cops and the gangsters.

Brilliant if the best £ bid for the creditors is Massone..the end is nigh

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Massone has said that his plan would see Hearts playing at Tynecastle for the next millennium - this is the kind of reasoned, highly practical promise that will get the Yams clamouring for him.

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Originally Posted by leithsansiro

:agree: I'm backing Massone all the way. He certainly meets my main criteria for investors in Hearts, in that he's clearly a crook only interested in asset stripping. Go for Angelo!!

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Can we get banners and Tshirts made with this on them ?

10 days would take them into new season. Although the Admins of Ukio/UBIG can still reject the pathetic offers unless Massone has capital or another way of funding club from Dec to end if season. Think admins would take Massone offer. BDO have then to decide if Massone can keep club going.

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Originally Posted by jacomoseven

Massone has said that his plan would see Hearts playing at Tynecastle for the next millennium - this is the kind of reasoned, highly practical promise that will get the Yams clamouring for him.

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He's definitely shaping up to be the people's choice.

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Originally Posted by jacomoseven

Massone has said that his plan would see Hearts playing at Tynecastle for the next millennium - this is the kind of reasoned, highly practical promise that will get the Yams clamouring for him.

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Can he sail a submarine?