Share Transfers Agreed/Cooling off period

[Craig_in_Prague]

for those wages being delayed, the taxes on them would still be due to Inland Revenue right?

If the bigger tax case is lost, I don't think they will see xmas.

I honestly feel that they are merely trying to toddle on as they were, without any serious cuts. You don't need to enter administration to make proper cut backs. That director even talked about making the cuts in the summer, and expects the fans to support them through until then, as they want a "big club"

Still, filling the ground for a couple of games, selling cakes and soup and drinking a lot, is really going to save them eh?

LMAO

[Spike Mandela]

Watch out............

https://www.gov.uk/sortmytax

[ballengeich]

http://www.scotsman.com/sport/footba...s-on-1-2628465

They think they have a choice?

[euansdad]

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Let me put it this way:

Seven Nil - effortless
Six Two - class & style

versus

Five One - killed themselves in the process

Only one side of the Edinburgh divide knows how you do things properly, and with integrity

like this

[jacomo]

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Stuart Bathgate has lost the plot, today's article is just rambings of a lost soul who doesn't know what to do.......

http://www.scotsman.com/sport/footba...arts-1-2628373

This suggests that Romanov got mugged by agents and players when he first arrived in Scottish football. This might explain his somewhat emotional outbursts since then.

His plans didn't add up from the start. But by 2008, even Campbell Ogilvie was talking openly about the need to balance the books. No wonder HMRC have now lost patience... this seems to be a business incapable of operating properly.

But most laughable is the idea that this share issue will offer fans any say in the running of the club. Even if fully subscribed, £1.8m will buy the fans 10%... i.e. no entitlement to sit on the Board or have any say. It values the club at £18m, which is roughly £17,999,999 too much given the level of debt. No one will ever pay that.

JKB have just thrown away £5.5k and seem willing to do more. This is a donation straight to Vlad's pocket, nothing more.

[EuanH78]

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This suggests that Romanov got mugged by agents and players when he first arrived in Scottish football. This might explain his somewhat emotional outbursts since then.

His plans didn't add up from the start. But by 2008, even Campbell Ogilvie was talking openly about the need to balance the books. No wonder HMRC have now lost patience... this seems to be a business incapable of operating properly.

But most laughable is the idea that this share issue will offer fans any say in the running of the club. Even if fully subscribed, £1.8m will buy the fans 10%... i.e. no entitlement to sit on the Board or have any say. It values the club at £18m, which is roughly £17,999,999 too much given the level of debt. No one will ever pay that.

JKB have just thrown away £5.5k and seem willing to do more. This is a donation straight to Vlad's pocket, nothing more.

Actually starting to feel a wee bit sorry for some of the Yams - This is a con, spending the kids xmas money and driving themselves into debt to line the pockets of a supposed multi millionaire

Then again, a fool and his money and all that, plus they are mostly inbred phannies.

[surreyhibbie]

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I opened my email account this morning, and found the following message:

sputnik,

Ulysses has sent you a new personal conversation entitled "What if this time.........".

Ulysses said:
================================================== ====================
.....we were to go down, but not be able to go back up?

Over the last few days, Hearts supporters have worried a lot about this. As you can probably guess, the club's present financial worries have been the main topic of discussion on Jambos Kickback lately.

So we decided to do our bit. We're buying JKB collective shares, and we're asking members to contribute. Maybe you don't have £110 or more to spend on buying shares yourself - or maybe you live abroad and buying shares isn't recommended. But maybe you have a few pounds available and can contribute to the Jambos Kickback collective effort.

So far, we've collected more than £13,000, and we've already passed £5,500 of that to Hearts in return for 50,000 shares. If you've already made a contribution and been a part of this phenomenal effort, thanks very much - it is hugely appreciated.

If you'd like to read more, have a look at a couple of links. This thread is about the JKB share purchase:


How the **** did this find its way to me? Has Sputnik the yam (who presumably has not yet thrown his piggy bank contents down the black hole) thieved my address? I have never even been on Kickback, let alone registered.

I got one as well...

[Ozyhibby]

I got a kickback email as well. Normally I'm on kickback raving about how good Vlad is but can't bring myself to do it now that he is robbing them blind so blatantly.
I know they are Hearts supporters but this share thing is a disgrace. The club needs to be wound up now before more people get conned.

[#FromTheCapital]

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Actually starting to feel a wee bit sorry for some of the Yams - This is a con, spending the kids xmas money and driving themselves into debt to line the pockets of a supposed multi millionaire

Then again, a fool and his money and all that, plus they are mostly inbred phannies.

A lot of this is their fault as well. The blame does not lie completely with Romanov, if hearts fans hadn't hounded the pieman out 7 years ago they would look a lot better right now, albeit without tynecastle (*****hole anyway). The majority of them were more than happy to take the 2 cup wins and lapped it up at the time and rubbed it in our faces so **** them. I hope their pathetic WEE club dies and I hope it dies soon. And as for spending their christmas money on worthless shares....

[Ozyhibby]

I got a kickback email as well. Normally I'm on kickback raving about how good Vlad is but can't bring myself to do it now that he is robbing them blind so blatantly.
I know they are Hearts supporters but this share thing is a disgrace. The club needs to be wound up now before more people get conned.

[JoeTortolanoFanClub]

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I got a kickback email as well.

I got one too. Odd, because I thought I had been banned. But I have just checked and I am back in. I can't see myself getting any work done this afternoon now...

[Off the bar]

http://www.bbc.co.uk/sport/0/football/20298609

might as well close this thread now guys, it appears Paul Hartley has set up a fighting fund, oh well next time eh?

[theonlywayisup]

Can someone summarise the latest? Is the end near?

[Jim44]

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http://www.bbc.co.uk/sport/0/football/20298609

might as well close this thread now guys, it appears Paul Hartley has set up a fighting fund, oh well next time eh?

Feathering his own nest for his job application when McGlib gets the boot. He's got a fair bit of competition in fat Robbo tho'.

[CropleyWasGod]

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http://www.bbc.co.uk/sport/0/football/20298609

might as well close this thread now guys, it appears Paul Hartley has set up a fighting fund, oh well next time eh?

Shirley, this bit is wrong.....?

"Last month, Hearts invited fans to buy shares belonging to owner Vladimir Romanov in a bid to support the long-term future of the club.""

[marti1875]

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http://www.bbc.co.uk/sport/0/football/20298609

might as well close this thread now guys, it appears Paul Hartley has set up a fighting fund, oh well next time eh?

I'm not believing their figures about the amount raised. On Sat i think it was, they said it was £100,000...now by 1st thing on Monday it's doubled in such a short space of time?
Nah, mind you it doesn't say the figure's exact or confirmed mind you so prob just a load of b****x.

The ex players fighting fund is just more bigging themselves up to look good in the eyes of the deluded twonks, let them all throw their money away whilst we sit back and laugh out t**s off at it all unfolding!

[Caversham Green]

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Shirley, this bit is wrong.....?

Last month, Hearts invited fans to buy shares belonging to owner Vladimir Romanov in a bid to support the long-term future of the club.

That's still appearing in various press reports - depressing when they can't get the basics right.

For the avoidance of doubt:

IT'S A NEW SHARE ISSUE.

[IWasThere2016]

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That's still appearing in various press reports - depressing when they can't get the basics right.

For the avoidance of doubt:

IT'S A NEW SHARE ISSUE.

It's good money after bad :

[PatHead]

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Shirley, this bit is wrong.....?

"Last month, Hearts invited fans to buy shares belonging to owner Vladimir Romanov in a bid to support the long-term future of the club.""

Yip, which is why I smell a rat. He maintains that money raised will go back to the club but they are buying his shares and reducing his holding to 89%. Not even for a seat on the board.

[PatHead]

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That's still appearing in various press reports - depressing when they can't get the basics right.

For the avoidance of doubt:

IT'S A NEW SHARE ISSUE.

Hearts supporter I work with is adamant that it is not a new share issue. (To be fair he isn't buying any but his son has bought £110 worth.)

[Spike Mandela]

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http://www.bbc.co.uk/sport/0/football/20298609

might as well close this thread now guys, it appears Paul Hartley has set up a fighting fund, oh well next time eh?

Surely he should be concentrating on raising funds for Alloa?

[Gatecrasher]

Don't know what to make of this one

http://www.scotsman.com/news/eight-y...arts-1-2628755

[Spike Mandela]

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Don't know what to make of this one

http://www.scotsman.com/news/eight-y...arts-1-2628755

As one of the comments suggest shameless PR and spin by the EN to bleed money out of the Hearts fans by supposedly tugging at their heartstrings. Disgusting.

[Caversham Green]

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Hearts supporter I work with is adamant that it is not a new share issue. (To be fair he isn't buying any but his son has bought £110 worth.)

That brochure they produced is effectively a prospectus and that only happens in the case of a new issue. If it was Vlad/UBIG selling the shares the club wouldn't have produced the brochure and any offer document would have had to identify who the sellers were.

Incidentally, current shareholdings are UBIG 79%; Quantum Holdings SA 15%; Others 6%. If the offer is fully taken up () that will change to UBIG 71%; Quantum 13.5%; Others 15.5%.

[jacomo]

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That brochure they produced is effectively a prospectus and that only happens in the case of a new issue. If it was Vlad/UBIG selling the shares the club wouldn't have produced the brochure and any offer document would have had to identify who the sellers were.

Incidentally, current shareholdings are UBIG 79%; Quantum Holdings SA 15%; Others 6%. If the offer is fully taken up () that will change to UBIG 71%; Quantum 13.5%; Others 15.5%.

Brian Kennedy bingo!

I assume this is not him, however, as I can't remember Brian announcing that he had bought a "quantum" of shares using a "quantum" of money.

[jacomo]

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I'm not believing their figures about the amount raised. On Sat i think it was, they said it was £100,000...now by 1st thing on Monday it's doubled in such a short space of time?
Nah, mind you it doesn't say the figure's exact or confirmed mind you so prob just a load of b****x.

The ex players fighting fund is just more bigging themselves up to look good in the eyes of the deluded twonks, let them all throw their money away whilst we sit back and laugh out t**s off at it all unfolding!

Wouldn't matter if they'd raised £400k over the weekend. They are still miles away.

[Eric]

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That brochure they produced is effectively a prospectus and that only happens in the case of a new issue. If it was Vlad/UBIG selling the shares the club wouldn't have produced the brochure and any offer document would have had to identify who the sellers were.

Incidentally, current shareholdings are UBIG 79%; Quantum Holdings SA 15%; Others 6%. If the offer is fully taken up () that will change to UBIG 71%; Quantum 13.5%; Others 15.5%.

So these shares on offer are authorised but unissued? If so, how many other shares do Hearts have in this category?

[clerriehibs]

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That brochure they produced is effectively a prospectus and that only happens in the case of a new issue. If it was Vlad/UBIG selling the shares the club wouldn't have produced the brochure and any offer document would have had to identify who the sellers were.

Incidentally, current shareholdings are UBIG 79%; Quantum Holdings SA 15%; Others 6%. If the offer is fully taken up () that will change to UBIG 71%; Quantum 13.5%; Others 15.5%.

You're suggesting hmfc go about their business properly. That's patently not the case.

[Caversham Green]

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So these shares on offer are authorised but unissued? If so, how many other shares do Hearts have in this category?

CA2006 did away with the concept of authorised shares. I thought it was only for new companies because removing it from existing companies meant changing the Articles, but it seems all companies can now dispense with it. Many still show it in their accounts though.

[Caversham Green]

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As one of the comments suggest shameless PR and spin by the EN to bleed money out of the Hearts fans by supposedly tugging at their heartstrings. Disgusting.

Putting banter aside this leaves a very nasty taste in the mouth. What's worse is that if 'Mr Romanov' does actually meet his moral obligation rather than depending on children to do it for him he'll once again be lauded as a hero by the Gorgie idiots.