Share Transfers Agreed/Cooling off period

[JimBHibees]

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i just popped over to the kickback to see how they are taking the news of their clubs owners financial problems and they are not bothered in the slightest..in fact the main forum doesn't include a thread on the subject at all...you have to go back a page to see any mention of it!...if this was happening at hibs i know this place would be in meltdown so what makes the hearts support so laid back about their future?...i have a good mate who is a s.t. holder at tynie and he is of a similar viewpoint..he is convinced that there isn't a problem...im not a jambo hater on a scale of many on here but i do find their lack of concern regarding their clubs future very puzzling.

To quote Jack Nicholson in a Few Good men. "they cant handle the truth".

[MacBean]

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Shouldn't be too hard at Saughton Park.

Not sure how Hibeernian AFC will feel about vacating their home pitch!

[hibeesdude]

Is it a kind of Stockholm syndrome?
Or are we just bitter twisted obsessives living in their shadow??
I know the square root of diddly about finance but even I can see UBIG never appear to have started/completed anything and they seem to be more skint than me.

Interesting to see what happens on payday

[bingo70]

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i just popped over to the kickback to see how they are taking the news of their clubs owners financial problems and they are not bothered in the slightest..in fact the main forum doesn't include a thread on the subject at all...you have to go back a page to see any mention of it!...if this was happening at hibs i know this place would be in meltdown so what makes the hearts support so laid back about their future?...i have a good mate who is a s.t. holder at tynie and he is of a similar viewpoint..he is convinced that there isn't a problem...im not a jambo hater on a scale of many on here but i do find their lack of concern regarding their clubs future very puzzling.

They think there too big to go under and most of them are assuming the worst case scenario is to do what rangers did and start again in division 3 but I'm not so sure if that'll be as easy for them to do, especially if tynecastle is sold from beneath them.

I think it'll go either of two ways, they'll either sneak out of this mess altogether or they'll be really ****ed and face a few years out of football completely before reforming and starting again.

[Kato]

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i just popped over to the kickback to see how they are taking the news of their clubs owners financial problems and they are not bothered in the slightest..in fact the main forum doesn't include a thread on the subject at all...you have to go back a page to see any mention of it!...if this was happening at hibs i know this place would be in meltdown so what makes the hearts support so laid back about their future?...i have a good mate who is a s.t. holder at tynie and he is of a similar viewpoint..he is convinced that there isn't a problem...im not a jambo hater on a scale of many on here but i do find their lack of concern regarding their clubs future very puzzling.

Head in the sand from day one, mate. On the day that Vlad (bless him) took over I stated on here that HoMFC had sold their soul and a Hearts visitor on here said I was talking nonsense. Publicly they will be keeping schtum but I doubt they are sleeping very well. Hope the next few days/weeks/months are very uncomfortable for them.

[blindsummit]

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i just popped over to the kickback to see how they are taking the news of their clubs owners financial problems and they are not bothered in the slightest..in fact the main forum doesn't include a thread on the subject at all...you have to go back a page to see any mention of it!...if this was happening at hibs i know this place would be in meltdown so what makes the hearts support so laid back about their future?...i have a good mate who is a s.t. holder at tynie and he is of a similar viewpoint..he is convinced that there isn't a problem...im not a jambo hater on a scale of many on here but i do find their lack of concern regarding their clubs future very puzzling.

In the words of General Melchett 'if all else fails a stubborn, pig-headed refusal to look facts in the face will see us through".

It's this total head in the sand attitude that astounds me. They don't deserve to survive, with that attitude.

[silverhibee]

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Hearts fans would have to be mental to buy season tickets next month!

Cannae help but assume the reason they are going out so early is that money will come in before the accounts are submitted to Companies House. Then, we might see admin or liquidation when the realisation hits about insolvency. However, by that time, the jumbos would have given about £4mil in season ticket money to uncle Vlad!

CG or CWG - could they employ the above scenario?

But mental they are.

They have already been ripped of for there Xmas money to buy shares.

Next we will be hearing that they won't be going on holiday this year as they need to buy a ST, only to be ripped of again, the only thing they will be watching next season is the bulldozers moving in to demolishing the PBS.

Down periscope, Dive Dive Dive. Sell Sell Sell

http://www.youtube.com/watch?v=o2I84-A9duY

F*** the h*****

[MrSmith]

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They could, but it would be illegal.

Insolvency is not about the accounts, it's about circumstances; it can be established at any time. IMO, HMFC are already insolvent.

Thanks, although nothing would surprise me at the moment were their management is concerned. I just hope the fans don't buy into this - it is a lot of money to lose considering any attempt at salvage from elsewhere.

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But mental they are.

They have already been ripped of for there Xmas money to buy shares.

Next we will be hearing that they won't be going on holiday this year as they need to buy a ST, only to be ripped of again, the only thing they will be watching next season is the bulldozers moving in to demolishing the PBS.

Down periscope, Dive Dive Dive. Sell Sell Sell

http://www.youtube.com/watch?v=o2I84-A9duY

F*** the h*****

I have to say, this is the first time I really believe they are up poo creek!

[green glory]

Repeating "5-1", "**** the Hobos", "wee team always in our shadow" etc will work wonders and save the the day I'm sure.

Just like "weearrapeepo" and "no surrender" did in Govan.

It's not looking good for the pinkos and pretending otherwise is pointless.

[hibeesdude]

Can they go sevco as someone would have to buy their league share and apply to join sfa etcetv

[JollyGreenGiant]

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In the words of General Melchett 'if all else fails a stubborn, pig-headed refusal to look facts in the face will see us through".

It's this total head in the sand attitude that astounds me. They don't deserve to survive, with that attitude.

They are probably creaming themselves about their new 3D programme.

Practically a whole page dedicated to this in the EEN, meanwhile their club could be going down the tubes!

Unbelievable - http://m.scotsman.com/edinburgh-evening-news/latest-news/hearts-3d-match-programme-is-first-in-country-1-2791137

[green glory]

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They are probably creaming themselves about their new 3D programme.

Practically a whole page dedicated to this in the EEN, meanwhile their club could be going down the tubes!

Unbelievable - http://m.scotsman.com/edinburgh-even...ntry-1-2791137

What a ****ing joke. Just a distraction from what's really happening.

[haagsehibby]

Even after all the info on this thread, I won't know my position on matters for sure until I find out what Shaun Lawson has to say about it all !

[jonty]

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They are probably creaming themselves about their new 3D programme.

Practically a whole page dedicated to this in the EEN, meanwhile their club could be going down the tubes!

Unbelievable - http://m.scotsman.com/edinburgh-even...ntry-1-2791137

how 1980s

[clerriehibs]

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They think there too big to go under and most of them are assuming the worst case scenario is to do what rangers did and start again in division 3 but I'm not so sure if that'll be as easy for them to do, especially if tynecastle is sold from beneath them.

I think it'll go either of two ways, they'll either sneak out of this mess altogether or they'll be really ****ed and face a few years out of football completely before reforming and starting again.

will they re-form ... or reform?

Can't see the latter ever happening!

[Hibrandenburg]

Serious question. Are we gonna have a big party? I'll be having a few drams but it would be nice to have a mass wake with a few hundred Hibbies together. We could even make it an annual event. Anyone up for it?

[JeMeSouviens]

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Can they go sevco as someone would have to buy their league share and apply to join sfa etcetv

Yeah, I'm sure the Foundation of the Hard-up will manage to scrape the pennies together for that one.

Sadly, the fruits of the SFA's "Hun at all costs" strategy are going to pay off for the Yams. The precedent is set for the absurd "transfer of share", "company that owns the club" and other such made up on the hoof bull****. :(

They ought to be joining their soulmates Gretna 2008 wherever the hell they are.

[s.a.m]

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Yeah, I'm sure the Foundation of the Hard-up will manage to scrape the pennies together for that one.

Sadly, the fruits of the SFA's "Hun at all costs" strategy are going to pay off for the Yams. The precedent is set for the absurd "transfer of share", "company that owns the club" and other such made up on the hoof bull****. :(

They ought to be joining their soulmates Gretna 2008 wherever the hell they are.

Rangers had a ground and all the infrastructure in place to make their readmittance viable. Hearts may have nowt other than a name, a history and the clothes they stand up in (possibly)(if they haven't been pawned).

Chin up!

[HUTCHYHIBBY]

I wonder if a Jambo runs the new Krispy Kreme franchise @ Hermiston, they've got plenty experience under their belts recently!

[Emerald]

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i just popped over to the kickback to see how they are taking the news of their clubs owners financial problems and they are not bothered in the slightest..in fact the main forum doesn't include a thread on the subject at all...you have to go back a page to see any mention of it!...if this was happening at hibs i know this place would be in meltdown so what makes the hearts support so laid back about their future?...i have a good mate who is a s.t. holder at tynie and he is of a similar viewpoint..he is convinced that there isn't a problem...im not a jambo hater on a scale of many on here but i do find their lack of concern regarding their clubs future very puzzling.

What crisis?

We are self sufficient and are making a profit. We have no debt and we always work within our means. We are above board and squeeky clean. The dog ate the accounts!

[Just Alf]

a previously reliable source tells me...

1 Yams have enough free cash to pay wages
2 not all of it is in UK bank in readiness for pay day (B of Scot)
3 Yams admin peeps in uproar trying to get balance from a variety of sources.
4 Confirms they have been operating unsupported but part of "deal" around loan and interest payments (or lack there of) means that Yams were committed to holding any free cash in Lith (if you remember UKIO were even giving thier Lith investers deals to place deposits with them a few months ago)

interesting times.... IF he's right once more

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It's Hearts pay day tomorrow.

Or is it

OP from start of this thread, very apt!

[Gmack7]

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i just popped over to the kickback to see how they are taking the news of their clubs owners financial problems and they re not bothered in the slightest..in fact the main forum doesn't include a thread on the subject at all...you have to go back a page to see any mention of it!...if this was happening at hibs i know this place would be in meltdown so what makes the hearts support so laid back about their future?...i have a good mate who is a s.t. holder at tynie and he is of a similar viewpoint..he is convinced that there isn't a problem...im not a jambo hater on a scale of many on here but i do find their lack of concern regarding their clubs future very puzzling.

it should be on the front page

[Jim44]

They've broken their silence, not to speak about their perilous position, but to comment on our delusion.

"i know what you mean, some of it seems to close to the bone for my liking.... probably all piss and wind getting spouted forth as they are looking through green tinted specs after all!!

[Www1875hfc]

What's the situation re the debt for equity ?

If i remember correctly the yams debts were hitting the £40 million mark,and issued 2 debt for equity swaps.

Where does this stand in the current situation?

Sorry if this has been covered already,but i aint trailling through 262 pages

[Dashing Bob S]

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a previously reliable source tells me...

1 Yams have enough free cash to pay wages
2 not all of it is in UK bank in readiness for pay day (B of Scot)
3 Yams admin peeps in uproar trying to get balance from a variety of sources.
4 Confirms they have been operating unsupported but part of "deal" around loan and interest payments (or lack there of) means that Yams were committed to holding any free cash in Lith (if you remember UKIO were even giving thier Lith investers deals to place deposits with them a few months ago)

interesting times.... IF he's right once more

1. BOOOO!!!!
2. YEAAAAHHHH!!!!!
3. YEAAAAAAAAAHHHHHH!!!!
4. NICE....

I choose not to believe the first, but if 4) is true, good luck to them getting it out from Lith land.

[greenginger]

http://www.bloomberg.com/news/2013-0...lure-cost.html


As I thought, Ukio Bankas is for the chopping block even before the Administrator presented his report. Sell off good assets and mince the remainder.

Of course the Yams will see this as raising the necessary readies to ensure HOMFC get their wages on time. It would be a priority for a Lithuanian Admin. looking to make a good impression after all.

[Gus Fring]

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http://www.bloomberg.com/news/2013-0...lure-cost.html


As I thought, Ukio Bankas is for the chopping block even before the Administrator presented his report. Sell off good assets and mince the remainder.

Of course the Yams will see this as raising the necessary readies to ensure HOMFC get their wages on time. It would be a priority for a Lithuanian Admin. looking to make a good impression after all.

Is the PBS an asset than can be sold in this instance?

[CropleyWasGod]

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What's the situation re the debt for equity ?

If i remember correctly the yams debts were hitting the £40 million mark,and issued 2 debt for equity swaps.

Where does this stand in the current situation?

Sorry if this has been covered already,but i aint trailling through 262 pages

The equity....ie shares.. ranks below any other creditors in a liquidation . In other words , no chance of it being repaid.

[Www1875hfc]

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The equity....ie shares.. ranks below any other creditors in a liquidation . In other words , no chance of it being repaid.

Thanks CWG

[CropleyWasGod]

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Is the PBS an asset than can be sold in this instance?

If the new bank wants cash from UBIG , then yes it can be.