Share Transfers Agreed/Cooling off period

[brog]

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It will be a lot less than that. Most of the alleged £500K raised will have been through ticket sales.

I wondered about that but it did state those were share purchases. I can't possibly imagine the SM making an inaccurate statement or Yams telling porkies, that would be unthinkable!,

[DarrenSQH]

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http://www.nasdaqomxbaltic.com/marke...s&tab=realtime

The decent continues !

Im sure it was actually lower than that last week.

[HUTCHYHIBBY]

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I dont know why the rest of us aren't not paying our players, don't have the taxman chasing them, play football in a ruin of a stadium and worst of all missing out on the chance to beg around the city with buckets, bake cakes and sell off the silverware and everything else for cash only to eke out our hand to mouth existence that all big clubs do.

We aren't not paying our players. ;-)

[Crazyhorse]

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I tell you what though, their PR machine's still working overtime aided & abetted by our wonderfully incompetent journalists!! They beg for £1.8mm through a share issue. After weeks of hysteria, free publicity, cake bakes & sheer emotional blackmail, under 30% has been subscribed & the Sunday Mason calls it a success!!
Oh, & now they're only accepting payment in used 5'ers & the initial charge to help has stopped. They'll be doing very well if they get to 50%, so maybe all Yams are not that gullible!!

I'm really surprised Vlad hasn't liquidated the Merricks. Maybe one of the financial experts could explain what's in it for him to keep this farce going. Also I seem to have lost track off the timeframe for different elements in this pantomine, I understand they must pay HMRC £450k in early December but what date will the £1.79m tax case result be know and how long will they be given to pay that?

[Hibbyradge]

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Im sure it was actually lower than that last week.

Nope. This is a slow as it has ever been. Look at the historical date. Check 1 month and then 3 years.

[CropleyWasGod]

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I'm really surprised Vlad hasn't liquidated the Merricks. Maybe one of the financial experts could explain what's in it for him to keep this farce going. Also I seem to have lost track off the timeframe for different elements in this pantomine, I understand they must pay HMRC £450k in early December but what date will the £1.79m tax case result be know and how long will they be given to pay that?

For me, it's all about control for Vlad. The way things are, he has some control of the cash coming in. Liquidation would take that control out of his hands.

As for the debts, there is a PAYE payment due this Thursday. The arrears are due by the 3rd.

The FTT amount, if upheld, will be immediately, with interest running retrospectively from the date the assessment was raised.

[Fat Penlon]

The media and SPL are aware that hearts didnt pay their players on Friday ye? I dont really think it matters if the players agree to it or not they are simply building up more debt day by day. If they cant be punished because its an amendment to the players contracts then have these new contracts been submitted to the spl/sfa? or is it done on word of mouth? I'm sick of them getting away with this.

[greenginger]

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For me, it's all about control for Vlad. The way things are, he has some control of the cash coming in. Liquidation would take that control out of his hands.

As for the debts, there is a PAYE payment due this Thursday. The arrears are due by the 3rd.

The FTT amount, if upheld, will be immediately, with interest running retrospectively from the date the assessment was raised.

They are maximising the cash coming in , advance sale of match tickets, auctions, share sales cash only, etc. There will shortly be very little cash to come in,but a hell of a lot of bills to pay.

What better time to pull the plug, they might be able to string HMRC out over the weekend for a final drive for share and ticket income but then silence will fall over the PBS.

[#FromTheCapital]

Massone bid rejected http://www.heartsfc.co.uk/articles/2...241384_2984970

[Hibbyradge]

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Massone bid rejected http://www.heartsfc.co.uk/articles/2...241384_2984970

"The Board feels the Italian may not be the right person to take the club forward."

"They will also have to provide guarantees for Hearts' future to ensure the successful duration of the business of the club."

Romanov is beyond belief.

[Saorsa]

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"The Board feels the Italian may not be the right person to take the club forward."

"They will also have to provide guarantees for Hearts' future to ensure the successful duration of the business of the club."

Romanov is beyond belief.

[cocopops1875]

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and if the papers were to be believed it was a £4million bid so that means he values them at more than that

[PatHead]

CWG/CH/anyone?

Last week we discussed if it was a new share issue or a buying of shares from Vlad. The guy in my work is adamant that it is buying shares from Vlad. The non-prospectus is unclear other than stating it is not a prospectus!

He says that if it was an issue of new shares, he as an existing shareholder would have to be informed, he hasn't. (Fair point). This definately leads me to believe it is a purchase of some of Vlad's shares. Does this make sense and does it change your opinion on anything?

[HIBERNIAN-0762]

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The media and SPL are aware that hearts didnt pay their players on Friday ye? I dont really think it matters if the players agree to it or not they are simply building up more debt day by day. If they cant be punished because its an amendment to the players contracts then have these new contracts been submitted to the spl/sfa? or is it done on word of mouth? I'm sick of them getting away with this.

Me as well, the media seem to be pandering them too which is pissing me right off, they are crooks just like the old huns and should be punished for doing this criminal act, never mind giving them more time, the more time they get the more chance they can sqirm their way out of any punishment.

I fully expect some sort of bullcrap excuse when the 3rd of December comes and they still don't have a pot too piss in, then perhaps the useless SFA will act.

[CropleyWasGod]

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CWG/CH/anyone?

Last week we discussed if it was a new share issue or a buying of shares from Vlad. The guy in my work is adamant that it is buying shares from Vlad. The non-prospectus is unclear other than stating it is not a prospectus!

He says that if it was an issue of new shares, he as an existing shareholder would have to be informed, he hasn't. (Fair point). This definately leads me to believe it is a purchase of some of Vlad's shares. Does this make sense and does it change your opinion on anything?

It makes sense in that nothing is ever what it seems in Vlad-land and, in that regard, it hasn't changed my opinion..... ie that the poor dears had to clarify that before they shelled out anything.

If they are buying shares from Vlad, then..... hell mend them.

[Mikey]

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CWG/CH/anyone?

Last week we discussed if it was a new share issue or a buying of shares from Vlad. The guy in my work is adamant that it is buying shares from Vlad. The non-prospectus is unclear other than stating it is not a prospectus!

He says that if it was an issue of new shares, he as an existing shareholder would have to be informed, he hasn't. (Fair point). This definately leads me to believe it is a purchase of some of Vlad's shares. Does this make sense and does it change your opinion on anything?

It's also my understanding that they're buying Vlad's shares, not new ones.

[Keith_M]

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Forgive my stupidity but keekaboo does sound like a jambo intruder.

OK, you be stupid if you want, I don't mind


My username was chosen by my son who, when he was really small, used to say 'keekaboo' instead of 'peekaboo'. Hope that's cleared that up, ya Yam Roaster.

I have a feeling after reading this that Hearts players and officials will be heading West en-masse. A solution to all their problems!!

[matty_f]

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and if the papers were to be believed it was a £4million bid so that means he values them at more than that

He's already made it clear what fantasy figure he thinks he should be getting for them. The fact that we're seeing genuine(ish) bids being knocked back specifically for under-valueing the club shows us that Vlad's not going to budge on it. I don't think he has room to, either.

After the first consortium were knocked back, the statement on the fuds' website made specific reference to the fact that the bid made no consideration for taking on the debt. From this we can assume that UBIG aren't of a mind to just write that off out of goodwill.

It also mentioned specifically that the bid seriously undervalued the shares. Now for me (and I know it's been pointed out that a share is only worth what someone is willing to pay) this is a sign that UBIG want the money that they traded for equity when they sell up.

I'm not sure of the figures, but I think there was a £15m and a £12m.

Whoever is wanting to buy them is going to have to have very, very deep pockets.

Vlad might have been posturing when he suggested that he'd want at least £50m to sell them, but he doesn't have to sell and give someone else a bargain. He can wind them up and probably recoup more than anyone's willing to pay him to take the club on.

Bear in mind that even if a new owner agreed to take the debt on, they'd have to satisfy UBIG that they'd be able to not only maintain but repay a debt of £22m at least.

It's just not feasable, IMHO.

I don't think for a second that they're going to get anywhere close to the full whack for their share issue - sure they said they needed that plus more or less full houses from now to the end of the season just to see the season out.

Bye bye, Yams.

[Mikey]

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He can wind them up and probably recoup more than anyone's willing to pay him to take the club on.

Kaunas.

Partizan Minsk.

[matty_f]

Are they still on this cash only trip? I would think that would seriously derail attempts to sell out the share offer.

[Viva_Palmeiras]

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He's already made it clear what fantasy figure he thinks he should be getting for them. The fact that we're seeing genuine(ish) bids being knocked back specifically for under-valueing the club shows us that Vlad's not going to budge on it. I don't think he has room to, either.

After the first consortium were knocked back, the statement on the fuds' website made specific reference to the fact that the bid made no consideration for taking on the debt. From this we can assume that UBIG aren't of a mind to just write that off out of goodwill.

It also mentioned specifically that the bid seriously undervalued the shares. Now for me (and I know it's been pointed out that a share is only worth what someone is willing to pay) this is a sign that UBIG want the money that they traded for equity when they sell up.

I'm not sure of the figures, but I think there was a £15m and a £12m.

Whoever is wanting to buy them is going to have to have very, very deep pockets.

Vlad might have been posturing when he suggested that he'd want at least £50m to sell them, but he doesn't have to sell and give someone else a bargain. He can wind them up and probably recoup more than anyone's willing to pay him to take the club on.

Bear in mind that even if a new owner agreed to take the debt on, they'd have to satisfy UBIG that they'd be able to not only maintain but repay a debt of £22m at least.

It's just not feasable, IMHO.

I don't think for a second that they're going to get anywhere close to the full whack for their share issue - sure they said they needed that plus more or less full houses from now to the end of the season just to see the season out.

Bye bye, Yams.

Season of goodwill and all that Matty ;)

[cocopops1875]

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Are they still on this cash only trip? I would think that would seriously derail attempts to sell out the share offer.

Or Cheque Matty they are Flexible

[EuanH78]

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It makes sense in that nothing is ever what it seems in Vlad-land and, in that regard, it hasn't changed my opinion..... ie that the poor dears had to clarify that before they shelled out anything.

If they are buying shares from Vlad, then..... hell mend them.

If so, that is utterly mental. They arent putting any cash into HomoFC at all. They are putting it into straight into Vlads pocket, which maybe explains the need for full houses, push on merchandising etc... to pay the 'surprise' tax bill .

Basically giving Vlad more time to get his hands into their pockets and take the bairns christmas money....suckers.

[Stevie Reid]

Hopefully JC's comment about them being a pub team will prove prophetic soon enough

[cwilliamson85]

http://www.bbc.co.uk/sport/0/football/20400643

Hearts: Edinburgh club reject offer by Angelo Massone.

So its the fans or nobody then.

[Bostonhibby]

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We aren't not paying our players. ;-)

Exactly

[iwasthere1972]

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Massone bid rejected http://www.heartsfc.co.uk/articles/2...241384_2984970

[jgl07]

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Are they still on this cash only trip? I would think that would seriously derail attempts to sell out the share offer.

The banks are afraid that many of the 'investors' will soon realize that they have been had and try to reclaim the cash from the credit card. hence they will not process funds.

That should be enough to dissuade all but the deluded from paying money to Vlad.

Hearts' fans should save their money for now. They will need it to fund the Newco.

[poolman]

Ach, thought I'd get this out

[Seveno]

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If so, that is utterly mental. They arent putting any cash into HomoFC at all. They are putting it into straight into Vlads pocket, which maybe explains the need for full houses, push on merchandising etc... to pay the 'surprise' tax bill .

Basically giving Vlad more time to get his hands into their pockets and take the bairns christmas money....suckers.

And they deserve it. All the way along the line, they have bought into Vlad's cheating ways and happily accepted the 'good times'. Not once have they shown an ounce of humility and even now are not prepared to accept that they cheated. They fully deserve to see their club disappear into oblivion and their savings with it.