Share Transfers Agreed/Cooling off period

[blackpoolhibs]

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Ken folk that bought shares for their 9 year old daughter, they need help.

Maybe so, but they will all have clean ***** over the festive period.

[Spike Mandela]

Over £1m apparently........

http://www.scotsman.com/sport/footba...r-1m-1-2700070

[cocopops1875]

To be fair to that hideous mob that's a great effort from them in such a short period of time, at this time of year while deep down knowing that it could a waste

[Ozyhibby]

It's a great effort. Thankfully it won't be enough to save them.

[#FromTheCapital]

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Over £1m apparently........

http://www.scotsman.com/sport/footba...r-1m-1-2700070

That's a decent effort from them but its also very wrong. That 1m could of gone to a worthwhile cause. Feel sorry for all the kids who'll be getting a bit of paper for Christmas

[Lucius Apuleius]

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That's a decent effort from them but its also very wrong. That 1m could of gone to a worthwhile cause. Feel sorry for all the kids who'll be getting a bit of paper for Christmas

Both my kids are getting a piece of paper this year too A stone in the East.

[Suburban Hibby]

At the bottom of the article it confirms they are new shares- not part of Vlads holding. So no EGM etc- who needs rules, it's the Hearts way.

[Leithenhibby]

The real share issue is off to a bad/ poor start..........

"slip sliding away" I feel a song coming on.

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

[Keith_M]

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I was told by a young lady from Vilnius that Lietuvos Rytas were the team to support in Lithuanian Basketball circles, I feel cheated now!

Am I really the only person that started reading that and thought it was going to be a rude Limerick? I bet you anything he actually started it that way but couldn't think of anything that rhymed with Vilnius.



I can just imagine HH sitting their trying to write something witty...


"There was a young lady from Vilnius,
who............................................




.. aw **** it I'll just write somethin else."

[greenginger]

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At the bottom of the article it confirms they are new shares- not part of Vlads holding. So no EGM etc- who needs rules, it's the Hearts way.

I have my doubts about the £ 1 million worth of shares but as they are new shares the total will have to be registered at Companies House in the next couple of weeks ( I know rules don't apply to the Yams ). Anyway we will see how much spinning has been going on and if Bathgate is just one of the puddle lickers.

[s.a.m]

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Am I really the only person that started reading that and thought it was going to be a rude Limerick? I bet you anything he actually started it that way but couldn't think of anything that rhymed with Vilnius.



I can just imagine HH sitting their trying to write something witty...


"There was a young lady from Vilnius,
who............................................




.. aw **** it I'll just write somethin else."

,,,who dealt with a team known as 'Bills R Us'
they baked, and sold shares
till they couldnae dae mair
and they finally fell doon the lavvy-ius.

Just didn't try hard enough.

[southsider]

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,,,who dealt with a team known as 'Bills R Us'
they baked, and sold shares
till they couldnae dae mair
and they finally fell doon the lavvy-ius.

Just didn't try hard enough.

There was a wee team down Gorgie way, whoose fans baked cakes so they could play, they bought all vlad's shares, but he stashed all their wares, and gone bust sign goes up anyday.

[greenginger]

How about a kaunus one.


" There was a young girl from Kaunus ,
who became a total recluse,
She said she was had,
by someone named Vlad,
and had to report the abuse "

[Sergey]

I see that the bank have this morning issued a statement that they're working with an outside partner who will 'considerably accelerate realisation of the property taken over for debts'.

See: https://newsclient.omxgroup.com/cds/...hmentId=413953

I'm sure the PBS will be looked at.

[poolman]

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Over £1m apparently........

http://www.scotsman.com/sport/footba...r-1m-1-2700070

[Just Alf]

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I see that the bank have this morning issued a statement that they're working with an outside partner who will 'considerably accelerate realisation of the property taken over for debts'.

See: https://newsclient.omxgroup.com/cds/...hmentId=413953

I'm sure the PBS will be looked at.

So the aim is to "maximise revenue" ..... hmmmmm

so either sell PBS or take ownership and lease back? ........ or will they crash the lot to prevent further losses and try get something back by selling whats left? ....... feels like the pace is picking up again

[DC_Hibs]

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I see that the bank have this morning issued a statement that they're working with an outside partner who will 'considerably accelerate realisation of the property taken over for debts'.

See: https://newsclient.omxgroup.com/cds/...hmentId=413953

I'm sure the PBS will be looked at.

I'll help them out, the only option if they need to raise cash urgently is to sell Tumbledown and move the Saviles elsewhere.

There are no other options other than spending *****loads to turn it into a fit for purpose stadium and that is never going to happen based on their current debt and the fact their business is a basket case with no sign of being able to reduce that debt (24m at 30/6/2011) in the short or medium term.


The 24m will have increased when they decide to announce 2012 results assuming that Vlad is unable to do more creative accounting (DFE Swaps or Forgiveness of c38m to date) to delay the inevitable.

[Sergey]

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I'll help them out, the only option if they need to raise cash urgently is to sell Tumbledown and move the Saviles elsewhere.

There are no other options other than spending *****loads to turn it into a fit for purpose stadium and that is never going to happen based on their current debt and the fact their business is a basket case with no sign of being able to reduce that debt (24m at 30/6/2011) in the short or medium term.


The 24m will have increased when they decide to announce 2012 results assuming that Vlad is unable to do more creative accounting (DFE Swaps or Forgiveness of c38m to date) to delay the inevitable.

And remember that interest accrues on that at 4.5%. That means an annual interest bill of just over £1 million, or £20,000 per week, each and every week of the year.

Those next set of accounts will make interesting reading.

[DC_Hibs]

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And remember that interest accrues on that at 4.5%. That means an annual interest bill of just over £1 million, or £20,000 per week, each and every week of the year.

Those next set of accounts will make interesting reading.

Add on 500k tax arrears per annum starting in May (at 42k per month) and they are relying on a lot of season ticket sales from fans eager to watch players on a fraction of what the current lot earn never mind what was blown on Kingston, Nade, Gordon, Goncalves et al.

Let's hope for their sakes they are put out of their misery before then. Perish the thought that they have to go through the heartache of watching their club living within their means.

[CropleyWasGod]

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Add on 500k tax arrears per annum starting in May (at 42k per month) and they are relying on a lot of season ticket sales from fans eager to watch players on a fraction of what the current lot earn never mind what was blown on Kingston, Nade, Gordon, Goncalves et al.

Let's hope for their sakes they are put out of their misery before then. Perish the thought that they have to go through the heartache of watching their club living within their means.

...that's payable in a lump sum.

[Peevemor]

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Add on 500k tax arrears per annum starting in May (at 42k per month) and they are relying on a lot of season ticket sales from fans eager to watch players on a fraction of what the current lot earn never mind what was blown on Kingston, Nade, Gordon, Goncalves et al.

Let's hope for their sakes they are put out of their misery before then. Perish the thought that they have to go through the heartache of watching their club living within their means.

I think it's annual payments, with the first £500k due in May (which will account for a good few early ST sales).

[Caversham Green]

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Add on 500k tax arrears per annum starting in May (at 42k per month) and they are relying on a lot of season ticket sales from fans eager to watch players on a fraction of what the current lot earn never mind what was blown on Kingston, Nade, Gordon, Goncalves et al.

Let's hope for their sakes they are put out of their misery before then. Perish the thought that they have to go through the heartache of watching their club living within their means.

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...that's payable in a lump sum.

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I think it's annual payments, with the first £500k due in May (which will account for a good few early ST sales).

As far as the accounts go it should be shown as a £1.5m cost and creditor in the 2011-12 accounts. I thought I'd read somewhere that it was to be paid off monthly starting in May, but both the deferment and the monthly payment arrangement are quite unusual. I wonder what the significance of May is.

[Hibbyradge]

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I see that the bank have this morning issued a statement that they're working with an outside partner who will 'considerably accelerate realisation of the property taken over for debts'.

See: https://newsclient.omxgroup.com/cds/...hmentId=413953

I'm sure the PBS will be looked at.

The company provides, "intermediation in leasing and selling commercial and residential properties".

[proud_and_green]

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I'll help them out, the only option if they need to raise cash urgently is to sell Tumbledown and move the Saviles elsewhere.

There are no other options other than spending *****loads to turn it into a fit for purpose stadium and that is never going to happen based on their current debt and the fact their business is a basket case with no sign of being able to reduce that debt (24m at 30/6/2011) in the short or medium term.


The 24m will have increased when they decide to announce 2012 results assuming that Vlad is unable to do more creative accounting (DFE Swaps or Forgiveness of c38m to date) to delay the inevitable.

Please do not give that ramshackle heap the name of Tumbledown, they may have won the Great War to end all wars but they didn't win that battle!

[CropleyWasGod]

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As far as the accounts go it should be shown as a £1.5m cost and creditor in the 2011-12 accounts. I thought I'd read somewhere that it was to be paid off monthly starting in May, but both the deferment and the monthly payment arrangement are quite unusual. I wonder what the significance of May is.

Definitely annual payments, Cav.

HMFC will have assured HMRC that they can raise the money from the proceeds of annual 5-1 parties.

[Caversham Green]

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Definitely annual payments, Cav.

HMFC will have assured HMRC that they can raise the money from the proceeds of annual 5-1 parties.

That certainly seems more likely. They also usually ask for a payment up front - maybe because of the other lump sum the yams had to pay they accepted deferment of the full amount.

Were they still in the Scottish Cup when the agreement was made? Maybe they thought they were going to retain it but they've been knocked out now.

[CropleyWasGod]

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That certainly seems more likely. They also usually ask for a payment up front - maybe because of the other lump sum the yams had to pay they accepted deferment of the full amount.

Were they still in the Scottish Cup when the agreement was made? Maybe they thought they were going to retain it but they've been knocked out now.

Joking aside, my take on it was "we can't give you a lump sum just now. If you insist on one, we'll just fold up the tents and you'll get nowt. However, in May we'll have next season's ST cash."

(whilst secretly counting up all the other bills that the ST cash would be used to pay off..................)

[MB62]

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That certainly seems more likely. They also usually ask for a payment up front - maybe because of the other lump sum the yams had to pay they accepted deferment of the full amount.

Were they still in the Scottish Cup when the agreement was made? Maybe they thought they were going to retain it but they've been knocked out now.

Really!!!!!!! The holders? OUT the cup already?
Who beat them?

[Famous5forever]

Im no happy about this news when they first started this share crap i thought they would be lucky to get 100k now they are sayin they have raised over 1.2 million. BAWS i really really thought this was the end as well

[Seveno]

If he can find a buyer at a decent price, now would be a good time for Vlad to close them done, sell the PBS and ride off into the East with £1m in his back pocket.

Jingle bells, jingle bells ............