Share Transfers Agreed/Cooling off period

[WarringtonHibee]

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The Vlad Bank notes simply must come back!

http://markkidley.com/vladcash/

They never went away.

[NotoriousLor]

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As Im walking round Disney can someone do a quick summary of events so I can inform any passing yams.

Never seen such a 'hey guys, by the way i'm on holiday and you're not' post in my life, lol

[Fife-Hibee]

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Lol

[Hibby70]

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Never seen such a 'hey guys, by the way i'm on holiday and you're not' post in my life, lol

Lol

[PatHead]

Have spent the evening deliberating and discussing the options for Hearts with a number of supporters from both Hibs and other clubs. After a lot of discussion the general feeling is that they are ****ed. Vlad is looking to raise what he can and it is only a matter of time before the fat lady starts to sing.

Soon we shall start hearing about how all Hearts fans were duped, they didn't know what was going on. So after years of employing child molesters, employing people they couldn't afford, going around being a "big club", buying cups, winning the Champions Leagues, there is only one thing to say to these sub human species. Switch the light out on the way out. You won't be missed.

[ScottB]

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http://markkidley.com/vladcash/

They never went away.

Haha glorious. Simply glorious. :D

[alexedwards]

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If the Jamtards come up short on this asking price they are Donald.

These 4 players are the main earners; Zaliukas - 7k per week; Webster/Driver 5k each and Taouil 3k per week.
There's just over £1m per annum right there - if they raise funds it will go towards wages for the rest of this
season and some or all of the above may be emptied in Jan or season-end.
The outgoing wage costs will be brought down to be more in line with income and the club will be self-sufficient.
As said before Vlad has no intention of selling the club but he will endeavour to use it now for his own benefits
in whatever fashion he can.

[Caversham Green]

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CAV if it's a new share issue would there be a need for the issue to be underwritten? Can't see any one taking this on.

I assume Hearts are privately held so what's the rules around this type of sale? Seems to me they are offering shares at a totally inflated price as they are effectively worthless....is there not some sort of investor protection to stop this happening....I.e the prospectus will surely be misrepresentative of the business and therefore a fraudulent offering?

There's no need for it to be underwritten as there's not a minimum finance target. For example if they were building a new stand and needed £51m the issue would need to be underwritten to ensure enough capital was raised to fund the project but this is just an attempt to squeeze as much cash out of the suckers as they can.

Hearts are still a plc and I would describe this sale as an offer to the public (assuming it's a new issue) so I think the prospectus will have to be fairly clear on what the yams are getting for their money. I would expect it to be heavy on the emotional aspect with a rider in the small print about the lack of real value. On reflection, tomorrow's leaflet might just be inviting interest, with the full prospectus being issued to those who apply.

[Caversham Green]

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These 4 players are the main earners; Zaliukas - 7k per week; Webster/Driver 5k each and Taouil 3k per week.
There's just over £1m per annum right there - if they raise funds it will go towards wages for the rest of this
season and some or all of the above may be emptied in Jan or season-end.
The outgoing wage costs will be brought down to be more in line with income and the club will be self-sufficient.
As said before Vlad has no intention of selling the club but he will endeavour to use it now for his own benefits
in whatever fashion he can.

Thier problem is that their staff costs for 11 months was over £8m with turnover for the same period (but covering a full season) was under £7m. With other costs coming in at £5m+ they're still nowhere near self-sufficient.

[greenginger]

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There's no need for it to be underwritten as there's not a minimum finance target. For example if they were building a new stand and needed £51m the issue would need to be underwritten to ensure enough capital was raised to fund the project but this is just an attempt to squeeze as much cash out of the suckers as they can.

Hearts are still a plc and I would describe this sale as an offer to the public (assuming it's a new issue) so I think the prospectus will have to be fairly clear on what the yams are getting for their money. I would expect it to be heavy on the emotional aspect with a rider in the small print about the lack of real value. On reflection, tomorrow's leaflet might just be inviting interest, with the full prospectus being issued to those who apply.

All the legal advice, glossy leaflet printing, and the rest won't be cheap. What's the chances they will spend more than they will take-in ?

There must be a fair section of the support think ignoring this con.trick will lead to a Vlad free future as he would be forced to sell up to any bidder as he must know by now Yams and profit are two words that can never appear in the same sentence.

[Bill Milne]

Bottom line is the Jambo fans are being asked to stump up money Vlad is no longer prepared to supply at no cost to him whatsoever. This is probably because his "empire" is in trouble, as I infer from the Bosnian steelworks going into meltdown.

[Broken Gnome]

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These 4 players are the main earners; Zaliukas - 7k per week; Webster/Driver 5k each and Taouil 3k per week.
There's just over £1m per annum right there - if they raise funds it will go towards wages for the rest of this
season and some or all of the above may be emptied in Jan or season-end.
The outgoing wage costs will be brought down to be more in line with income and the club will be self-sufficient.
As said before Vlad has no intention of selling the club but he will endeavour to use it now for his own benefits
in whatever fashion he can.

Reckon there's add ons that take some of those numbers a lot
higher. Barr would also be on fair whack, as is Sutton, even Jamie Macdonald's on about 5k.

[Bostonhibby]

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As Im walking round Disney can someone do a quick summary of events so I can inform any passing yams.

I imagine that at some point you will see a few symbolic clues, for example you are bound to see a giant cartoon duck waddling its way round Disneyland - there are many on here who believe the Yammish are soon to be Donald Ducked as a result of the amazing opportunity they are being given to buy shares in their club (or acquire sone of Vlads paper debt in exchange for cash money) if not I am sure you are bound to see Mickey Mouse........................I could go on

[Craig_in_Prague]

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Reckon there's add ons that take some of those numbers a lot
higher. Barr would also be on fair whack, as is Button, even Jamie Macdonald's on about 5k.

for that reason alone, they deserve to go bust.

[Kaiser1962]

Fascinatingly when you look at their appeal for £1.79m then, given their rate of expenditure in the last published accounts which was £15.204m (income of £6.915m (less than us!) plus "debt forgiveness" of £8.8m with £511k "profit" already deducted) and remember that this was over a period of 11 months (334 days) means that their "share issue", fully subscribed, will not even last them 6 weeks (just under40 days). They will undoubtedly point to their "cost cutting" which has been going on for years with zero impact on their bank balance.

And some folk still think they are not going bump? They are already dead they are just too thick to notice.

[#FromTheCapital]

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Reckon there's add ons that take some of those numbers a lot
higher. Barr would also be on fair whack, as is Button, even Jamie Macdonald's on about 5k.

Its no wonder that players still choose to go to hearts after their well publicised wage delays. Theres no other club in britain that would give a ***** keeper like macdonald 5k a week. It might be late most of the time but i'd be willing to put up with that if I was getting payed so much more than I was worth

[brog]

Surely it should be 999 shares for £100!!! And 8,500 season tickets is unbelievable coming right after their best result in history. If roles had been reversed I'm sure we would have been well into 5 figures & it appears they would have been lucky to sell 5K!! big team my erchie!!
PS, they won't even be the big team to go bust, their role models already won that prize!

[brog]

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Its no wonder that players still choose to go to hearts after their well publicised wage delays. Theres no other club in britain that would give a ***** keeper like macdonald 5k a week. It might be late most of the time but i'd be willing to put up with that if I was getting payed so much more than I was worth

No disrespect to OP but I doubt very much if Jamie Mac is on half of £5K a week. Kello et al were let go precisely because they were on those wages, JM was very much the cheap option.

[cabbageandribs1875]

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No disrespect to OP but I doubt very much if Jamie Mac is on half of £5K a week. Kello et al were let go precisely because they were on those wages, JM was very much the cheap option.

or even less than half 5K someones havin a larf

[StevieC]

"If this first share offer is successful we believe that future proposals could be considered that may eventually allow for Hearts supporters to take over the club entirely."

This is a 10% issue, so based on this the club is valued at £18m .. by who?
Would a fan takeover only need 51% of the shares? Can't see Romanov hanging around to be told what to do, so who would buy out his 49% (of a company up to its eyes in debt)?

So it's either a short term fix ..
.. or around 10,000 fans need to pay £200 a year for the next 10 years to own a club that is, on paper, worthless.


"Every pound raised by supporters, after costs, will be reinvested into the club"

Every pound raised by supporters will go towards this seasons "debt forgiveness" figure.


Looks to me like Vlad has caught on to what is happening at Ibrox and thought to himself that if The Rangers fans are daft enough to buy into it, why not Hearts ones as well.

[Geo_1875]

Their shares will have small print like Green Shield Stamps. Cash value equivalent 0.00001p.

[jgl07]

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"If this first share offer is successful we believe that future proposals could be considered that may eventually allow for Hearts supporters to take over the club entirely."

This is a 10% issue, so based on this the club is valued at £18m .. by who?
Would a fan takeover only need 51% of the shares? Can't see Romanov hanging around to be told what to do, so who would buy out his 49% (of a company up to its eyes in debt)?

So it's either a short term fix ..
.. or around 10,000 fans need to pay £200 a year for the next 10 years to own a club that is, on paper, worthless.

Yes but 400,000 fans paying £100 could do it much quicker!

[Kaiser1962]

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"Every pound raised by supporters, after costs, will be reinvested into the club"

Every pound raised by supporters will go towards this seasons "debt forgiveness" figure.

The bit in bold is the key phrase

[Broken Gnome]

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or even less than half 5K someones havin a larf

No reason to dispute it. Would say all variations on wages there would likely be subject to other bonuses that could escalate basic wages quite a bit.

[sambajustice]

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Time for some photoshopping by some of our in-house guru's I think

Remember the Vlad bank note?

I'm taking the credit for that idea!!

Certainly cannot take credit for the fantastic notes that were produced! Astounding piece of photoshoppery!!

[clerriehibs]

Stuart bathgate in the scotsman suggests the yams AREN'T strapped or they'd have raised money in a different way. He doesn't attempt to explain non payment of wages. Is he another yam tool?

[DaveF]

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Stuart bathgate in the scotsman suggests the yams AREN'T strapped or they'd have raised money in a different way. He doesn't attempt to explain non payment of wages. Is he another yam tool?

Him and BAnderson are as yammish as you can get, and will kiss Vlad's arse all day long.

[greenginger]

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Stuart bathgate in the scotsman suggests the yams AREN'T strapped or they'd have raised money in a different way. He doesn't attempt to explain non payment of wages. Is he another yam tool?

It may all have been a ploy to concentrate the Yam minds ahead of Vlad's fantastic share offer. Plenty free publicity.

[JeMeSouviens]

So, for £1.79M you get a 10% share in a company that's losing money hand over fist, with a debt of £25M and assets worth maybe half of that.

**** me, that's desperate.

On what planet is the £1.79M not enough to own the whole thing many times over?

Think Stevie hit the nail on the head above, they've seen the NewHuns thing attracting interest from mug Huns and thought, wait a minute ...

[Ozyhibby]

Provided you take on the debt you could buy Hearts for a pound right now but if you want 10% of Hearts the price is £1.79m.