Share Transfers Agreed/Cooling off period

[tamig]

Just thinking back to the Mercer days and the mobilisation of Hand Off Hibs. If this was us, there would be thousands camped outside ER demanding answers and getting ourselves organised to do whatever we could to save our club. We did it then and we'd sure as hell do it again.

[Treadstone]

So HoMFC release a statement to say Vlad may still be in charge we don't know for certain.

But don't release anything to say that they resigned from UBIG board over a week ago.

Aye OK then.

[Gus Fring]

The second part of that article is the most interesting part as its worded very carefully. Parts in bold are my comments.

UBIG intend to appoint a new board of directors who could have a say on Hearts’ future. Fedotovas was coy on why he and Romanov stepped aside. “I have resigned from UBIG according to my reasons,” he said. “I cannot give an explanation why other people have resigned. These are my private reasons and I’m not prepared to share them.” So we're supposed to buy that the mass resignation was just a coincidence? That there is nothing else going on?
Asked about the long-term security of UBIG, Fedotovas replied: “I believe UBIG is as secure as it was (This doesn't mean it was secure previously) Obviously, there were a number of changes but I don’t think these changes have an impact on Hearts. We hope there will not be an impact on Hearts. We are waiting on some clarification from the bank in Lithuania but this has not yet been available to us. It will be available soon.(So he's guessing, because he hasn't actually been given the info yet)
“We believe the club’s medium-term future is secure. (Medium term, nothing about the short term, we know they are still hand to mouth) We all know we need to work for better options in the long term. We were a customer of Ukio Bankas. There were changes to Ukio Bankas and we are waiting to hear what is happening with us as a customer of Ukio Bankas.” (Come on Serg, we all know you weren't simply a customer, the dealings went a lot deeper than that)
Ukio Bankas’ assets and liabilities have been transferred to Siauliu Bankas, including a £6.8m floating charge secured against Tynecastle, after Ukio became insolvent. However, Fedotovas does not believe the stadium will be sold. “We believe it is not what they are going to do (about the debt) because we believe there is a facility in place,” said Fedotovas. “Unless the sun explodes and the earth is burned away, we believe that facility will remain in place. The priority is not to try and sell the club. The priority is to steer the club into a safe financial future and better football performance. Selling the club is something different This is just bull. He doesn't have a clue what Siauliu Bankas intends on doing with the stadium. For all he know they intend to kick hearts out and turn it into a tattie field.

None of what he says is a statement of fact, it's all "we believe" and "I think" and other phrases that will be seen as a cop out further down the line. This muppet has been claiming lack of information from all of the places he needs information from for ages. It was only last week he had claimed not to have spoken to Romanov. More and more I think there is something dodgy going on, I just wish I could figure out what it is.

[#FromTheCapital]

This quote is hidden because you are ignoring this member. Show Quote

So HoMFC release a statement to say Vlad may still be in charge we don't know for certain.

But don't release anything to say that they resigned from UBIG board over a week ago.

Aye OK then.

That's usually how they work, wait until a story has hit the headlines then a day or so later give their maroon tinted version of what's happening 'All is barry'
I'd be ****ing fuming if hibs dealt with us in the same manner but because its hearts I tend to find it quite funny

I wonder when they will start advertising season tickets? Or should I say I wonder IF they will start advertising season tickets? Could be a problem with the legality of it if theres a chance of them going down the ****ter.

Only 10 days till next payday so they'll need to get their finger out. Not that I'm bothered

[Fat Penlon]

This quote is hidden because you are ignoring this member. Show Quote

I liked reading this

http://www.bloomberg.com/news/2013-0...ed-by-s-p.html

Especially

"The fund will seek to recover its money through bankruptcy proceedings for the Ukio assets not taken over by Siauliu, the Finance Ministry has said.
Among those assets are loans that Ukio Bankas had made to a sister investment company, Ukio Banko Investicine Grupe, or UBIG, which is controlled by Ukio Bankas majority owner Vladimir Romanov and owns 79 percent of Scottish soccer club Heart of Midlothian as well as property in other countries."

This is a significant development is it not?

[Waxy]

Haha great statement from the yams.
Even though we are about to be liquidated by the Lithuanian authorities,we have to say something positive or the fans will start to protest.
Our cowboy leadership will be outed and we wont be able to steal any more of thier cash before the s--t hits the fan.

[Spike Mandela]

The overriding feeling i get reading that statement from Fedetovas is 'he is up to something'.

They are either plotting for a slippery avoidance of liabilities ie the Sevco way or he is naive in the extreme.

[21.05.2016]

This quote is hidden because you are ignoring this member. Show Quote

Just thinking back to the Mercer days and the mobilisation of Hand Off Hibs. If this was us, there would be thousands camped outside ER demanding answers and getting ourselves organised to do whatever we could to save our club. We did it then and we'd sure as hell do it again.

Hearts fans don't have the balls to stand up, fight and be counted like we did in the dark days of Mercer. They are too scared that Vlad will get upset, pull the plug and walk away. A little like the chelsea fans with Abramovich, they have hated some of the decisions he has made, particularly when it comes to hiring and firing managers, yet they wont stand up to him, in fear that he will withdraw his money and walk away.

Hearts fans also are still living in this vlad fantasy land where they still believe everything is merry. Vlad tells them everythings ok and they swallow it like the bunch of moronic, deluded fools that they are.

[king stanton]

This quote is hidden because you are ignoring this member. Show Quote

The overriding feeling i get reading that statement from Fedetovas is 'he is up to something'.

They are either plotting for a slippery avoidance of liabilities ie the Sevco way or he is naive in the extreme.

I dont think its the latter !
He`ll definitely know whats going on !
They`ve still to fleece los yambolinos and possibly us for derby money ,cup final money and maybe- if their quick some season ticket dosh -before they make a dash for their Russian bolthole /cab office !

[green glory]

http://m.stv.tv/sport/football/clubs...dministration/

[jacomo]

This quote is hidden because you are ignoring this member. Show Quote

The second part of that article is the most interesting part as its worded very carefully. Parts in bold are my comments.

UBIG intend to appoint a new board of directors who could have a say on Hearts’ future. Fedotovas was coy on why he and Romanov stepped aside. “I have resigned from UBIG according to my reasons,” he said. “I cannot give an explanation why other people have resigned. These are my private reasons and I’m not prepared to share them.” So we're supposed to buy that the mass resignation was just a coincidence? That there is nothing else going on?
Asked about the long-term security of UBIG, Fedotovas replied: “I believe UBIG is as secure as it was (This doesn't mean it was secure previously) Obviously, there were a number of changes but I don’t think these changes have an impact on Hearts. We hope there will not be an impact on Hearts. We are waiting on some clarification from the bank in Lithuania but this has not yet been available to us. It will be available soon.(So he's guessing, because he hasn't actually been given the info yet)
“We believe the club’s medium-term future is secure. (Medium term, nothing about the short term, we know they are still hand to mouth) We all know we need to work for better options in the long term. We were a customer of Ukio Bankas. There were changes to Ukio Bankas and we are waiting to hear what is happening with us as a customer of Ukio Bankas.” (Come on Serg, we all know you weren't simply a customer, the dealings went a lot deeper than that)
Ukio Bankas’ assets and liabilities have been transferred to Siauliu Bankas, including a £6.8m floating charge secured against Tynecastle, after Ukio became insolvent. However, Fedotovas does not believe the stadium will be sold. “We believe it is not what they are going to do (about the debt) because we believe there is a facility in place,” said Fedotovas. “Unless the sun explodes and the earth is burned away, we believe that facility will remain in place. The priority is not to try and sell the club. The priority is to steer the club into a safe financial future and better football performance. Selling the club is something different This is just bull. He doesn't have a clue what Siauliu Bankas intends on doing with the stadium. For all he know they intend to kick hearts out and turn it into a tattie field.

None of what he says is a statement of fact, it's all "we believe" and "I think" and other phrases that will be seen as a cop out further down the line. This muppet has been claiming lack of information from all of the places he needs information from for ages. It was only last week he had claimed not to have spoken to Romanov. More and more I think there is something dodgy going on, I just wish I could figure out what it is.

What's fascinating is that, according to this, Hearts are no longer for sale. In fact, Vlad n co now seem desperate to hold onto the club. Maybe he'll open a taxi office next door?

Don't know what Foundation of Hearts will make of this, though no doubt another wordy and pointless statement about "taking time to assess the latest developments" and platitudes about the wonderful support will be along shortly.

[Dashing Bob S]

Disappointed that Vlad never saw fit to try one more share issue before he jumped ship.

[7062]

This quote is hidden because you are ignoring this member. Show Quote

http://m.stv.tv/sport/football/clubs...dministration/

This is the sort of stuff I've been waiting to hear! C'mon the Lith Administrators!

[Sergey]

This quote is hidden because you are ignoring this member. Show Quote

http://m.stv.tv/sport/football/clubs...dministration/

bring it on!

[Gatecrasher]

This quote is hidden because you are ignoring this member. Show Quote

http://m.stv.tv/sport/football/clubs...dministration/

[lapsedhibee]

This quote is hidden because you are ignoring this member. Show Quote

Hearts fans also are still living in this vlad fantasy land where they still believe everything is merry.

Possibly misheard.

[Part/Time Supporter]

This quote is hidden because you are ignoring this member. Show Quote

This is the sort of stuff I've been waiting to hear! C'mon the Lith Administrators!

HMFC wouldn't have a Lithuanian administrator.

Hopefully it wouldn't be Duff & Phelps either.

Edit: Although I presume what you mean is that you want the Lithuanian administrator of what was Ukio to pull the plug on UBIG.

[Treadstone]

#allisbarry

C'mon the good guys.

[7062]

This quote is hidden because you are ignoring this member. Show Quote

HMFC wouldn't have a Lithuanian administrator.

Hopefully it wouldn't be Duff & Phelps either.

Edit: Although I presume what you mean is that you want the Lithuanian administrator of what was Ukio to pull the plug on UBIG.

Yeah, I thinking that if UBIG went into admin, they would follow.

[Thecat23]

This quote is hidden because you are ignoring this member. Show Quote

This is the sort of stuff I've been waiting to hear! C'mon the Lith Administrators!

[EdinMike]

Is this it then ?! Is the stone finally starting to roll ?! Will be an interesting week I feel

[21.05.2016]

But wait guys! according to hearts fans, everything is absolutly fine because they have 5-1 !


hahaha 5-1 can't save you ya deluded bunch of idiots!

[Dashing Bob S]

Key week for the future of Hearts. The Liths won't be hanging about now.

Oh, and for any Jambo's looking in, these, unfortunately, are DIFFERENT Liths than the ones who have been controlling your club for the last seven years!

[MacBean]

Hearts staff have been told the club could go into administration as they await news from Lithuania on the ownership situation at Tynecastle.
STV understands some employees were informed of the prospect on Tuesday morning.
It is understood Hearts director Sergejus Fedotovas expects to receive news from Lithuania later on Tuesday, which it is hoped will make the financial picture at Tynecastle clearer for the current board of directors.
It emerged on Monday evening that Vladimir Romanov had quit from the board of UBIG, the company which owns 79% of the club’s shareholding. A new board of directors will be appointed at UBIG in due course.
Hearts were unavailable for comment when contacted by STV.
If the club went into administration before the end of the 2012/13 Scottish Premier League season, they would be deducted 18 points from their current tally.
Rules previously dictated club would lose 10 points upon being subject to "an insolvency event". New guidelines brought in this season state a club can instead be docked 10 points or a third of their previous season's tally, whichever is greater, rounded up.
Hearts finished on 52 points in the 2011/12 season, meaning they would stand to lose 18 from this campaign's tally. Dundee are currently 15 points behind Hearts at the bottom of the table.

[Dashing Bob S]

Hearts staff have been told the club could go into administration as they await news from Lithuania on the ownership situation at Tynecastle.

Here's some gens from Kickback (I haven't looked but I know they'll be along these lines)

"More rubbish reporting - how can the club possibly go into administration when events in Lithuania don't effect them?"

"Administration will probably be the best thing for us, in that it frees up a White Knight to come in and takeover the club, with huge investment in playing staff and the building of a new main stand."

"5-1! Even if we are liquidated, it was worth it!"

[Hermit Crab]

This quote is hidden because you are ignoring this member. Show Quote

http://m.stv.tv/sport/football/clubs...dministration/

Beat me to it :-)

[GreenCastle]

This quote is hidden because you are ignoring this member. Show Quote

http://m.stv.tv/sport/football/clubs...dministration/

It's how BIG teams operate

Big Team Big Debt

[Pretty Boy]

This quote is hidden because you are ignoring this member. Show Quote

Hearts staff have been told the club could go into administration as they await news from Lithuania on the ownership situation at Tynecastle.

Here's some gens from Kickback (I haven't looked but I know they'll be along these lines)

"More rubbish reporting - how can the club possibly go into administration when events in Lithuania don't effect them?"

"Administration will probably be the best thing for us, in that it frees up a White Knight to come in and takeover the club, with huge investment in playing staff and the building of a new main stand."

"5-1! Even if we are liquidated, it was worth it!"

http://www.hmfckickback.co.uk/index.php?/topic/125306-stv-admin-story/#entry3463211

Enjoy.

[jacomo]

This quote is hidden because you are ignoring this member. Show Quote

http://m.stv.tv/sport/football/clubs...dministration/

Vlad is teasing out the soap opera for all it's worth, isn't he? Yet another cliff hanger as we wait for the latest installment.

[EdinMike]

"Employees" on Twitter claiming it's a false story. I may go on Twitter and claim it's true, my tweet would be just as reliable.