Share Transfers Agreed/Cooling off period

[Viva_Palmeiras]

Just glad we've got Mikey.

mikey... Mikey... MIKEY!!!! You there ?
oh good you're there like the tan did you Enjoy Thailand? You put the dosh on Saints right?

Whilst it may be our poor cousins you'd be fuming if tables reversed.
i expect the guys FB pic to be updated shortly with a neck brace on ;)

With a surname like his he's bound to be a good Hibby ;)

[The Green Goblin]

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Hearts also owe all that debt to themselves.

We just can't understand it, because it's "all very complex".

.

Owing debt to yourself sounds good, but it can't be that simple can it? Which means it's "all very complex".

I'm sure all the yams ken whit's goin oan... Smart lads that they are.

[The Green Goblin]

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Is stealing from your fellow fans the same as owing the money to yourselves?

All very complex.

All very complex...

[Dashing Bob S]

Going to rob my Jambo neighbour and burn his house town. When he complains to the police my defence will be "it's all very complex..."

[greenginger]

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Barry is at it again I see.

After a bit of trawling I have found an article that lists all the UBIG shareholders , in fact the actual owners of HOMFC.
http://translate.google.co.uk/transl...=0CFcQ7gEwBTge

The holdings are at 11/12/2012 and lists Vlad as having 16.9%, a company called Balmet with 26.8 %, and the Economy Bank with 17.3%.

Note , You need to click the article that says UBIG Board resigns and all the shareholders are noted at the end of the piece.

[Spike Mandela]

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After a bit of trawling I have found an article that lists all the UBIG shareholders , in fact the actual owners of HOMFC.
http://translate.google.co.uk/transl...=0CFcQ7gEwBTge

The holdings are at 11/12/2012 and lists Vlad as having 16.9%, a company called Balmet with 26.8 %, and the Economy Bank with 17.3%.

Note , You need to click the article that says UBIG Board resigns and all the shareholders are noted at the end of the piece.

So, if Vlad has controlling interest in these other two companies he could effectively sell Hearts before UBIG has an insolvency event, yes?

[greenginger]

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So, if Vlad has controlling interest in these other two companies he could effectively sell Hearts before UBIG has an insolvency event, yes?

I think the Economy Bank is part of Ukio so their share holding will be controlled by the administrator.

There is a Balmet Holdings registered in Miami but its status in 2011 was inactive so not sure if that is the same company or if it has Vlad links.

[Caversham Green]

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So, if Vlad has controlling interest in these other two companies he could effectively sell Hearts before UBIG has an insolvency event, yes?

Not really. Even majority shareholders don't have direct authority to carry out transactions for a company, they would have to instruct the directors to do it, and as we know, UBIG have no directors.

[StevieC]

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So, if Vlad has controlling interest in these other two companies he could effectively sell Hearts before UBIG has an insolvency event, yes?

I hope he does, but wouldn't it be a criminal offence to sell shares in something if you knew it was about to be liquidated?

[CropleyWasGod]

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I hope he does, but wouldn't it be a criminal offence to sell shares in something if you knew it was about to be liquidated?

Wouldn't have thought so. It would be up to the buyer to do their due diligence. TBH, if any buyer DIDN'T know that HMFC were in trouble, then they deserve to be shafted.

[Dashing Bob S]

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Wouldn't have thought so. It would be up to the buyer to do their due diligence. TBH, if any buyer DIDN'T know that HMFC were in trouble, then they deserve to be shafted.

You can't legislate against idiocy.

[Treadstone]

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You can't legislate against idiocy.

Oh sorry thought you were talking about Barry Anderson there.

I have asked 4 times in the last 36 hours if the share certificates have been issued so far no reply.

[Kato]

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I have asked 4 times in the last 36 hours if the share certificates have been issued so far no reply.

You're forgetting he doesn't write about business affairs, he does sometimes but even then he still doesn't write about business affairs.

[Danderhall Hibs]

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You're forgetting he doesn't write about business affairs, he does sometimes but even then he still doesn't write about business affairs.

Due to it being all very complex.

[Kato]

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Due to it being all very complex.

Unlike Barry.

I don't purchase the EEN at all any more but when I did he was my favourite for a giggle. All that "corridors of power at Tynecastle" and "the upper echelons of the Heart of Midlothian hierarchy" pompous guff. Truly beyond reason to suggest there is anything, architecturally speaking, resembling a corridor in that decrepit lean-to.

He's a reporter not a journalist. In his current job he reports on Pynkcastle's press releases for the EEN. No journalism required.

[Treadstone]

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Due to it being all very complex.

#Alliscomplex

[ancient hibee]

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Unlike Barry.

I don't purchase the EEN at all any more but when I did he was my favourite for a giggle. All that "corridors of power at Tynecastle" and "the upper echelons of the Heart of Midlothian hierarchy" pompous guff. Truly beyond reason to suggest there is anything, architecturally speaking, resembling a corridor in that decrepit lean-to.

He's a reporter not a journalist. In his current job he reports on Pynkcastle's press releases for the EEN. No journalism required.

The Hibs equivalent is David Hardie.The News hasn't had a proper football journo for years.

[JimBHibees]

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The Hibs equivalent is David Hardie.The News hasn't had a proper football journo for years.

Stewart Brown probably the last decent one.

[147lothian]

I logged on hoping I would hear pop! A slow death or liquidation I want to know, whats going on so I can only guess what it must be like for the yams with the hangovers saying should have doe this should have done that and wondering what the great mans next move is

[Craig_in_Prague]

Can someone try summarize where things are (Ukio/Ubig, the administration status/good assets & Bad etc)....and other key items?
eg. Accounts should be lodged end of March?
Monies due to Hibs tomorrow from tickets they sold?
Any official word on last Fridays wages?
Are the council rates paid up yet?
etc
cheers

[One Day Soon]

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Can someone try summarize where things are (Ukio/Ubig, the administration status/good assets & Bad etc)....and other key items?
eg. Accounts should be lodged end of March?
Monies due to Hibs tomorrow from tickets they sold?
Any official word on last Fridays wages?
Are the council rates paid up yet?
etc
cheers

No Craig you thick Hobo it cannot be summarised because a) It is all very complex and b) #allisbarry

Still, the ticking sound from that parcel they're holding in the Tynecastle Boardroom is getting louder and louder...

[monktonharp]

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Unlike Barry.

I don't purchase the EEN at all any more but when I did he was my favourite for a giggle. All that "corridors of power at Tynecastle" and "the upper echelons of the Heart of Midlothian hierarchy" pompous guff. Truly beyond reason to suggest there is anything, architecturally speaking, resembling a corridor in that decrepit lean-to.

He's a reporter not a journalist. In his current job he reports on Pynkcastle's press releases for the EEN. No journalism required.

he's hardly the next John Pilger, or even Orla Geuren but surely the god his superiors can have a glance occasionally at some o' the guff he comes out with.EEN is goin down the tube almost as fast as Dunf............Homof............delete as reqd.

[monktonharp]

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The Hibs equivalent is David Hardie.The News hasn't had a proper football journo for years.

HARDY seems to have a bit more savvy.he tends to report on more factual events eg: hibs just signed player, etc.less speculating. his workmate has a canny knack of spouting keek. maybe a lot to do with the obvious problem at Tynecastle. nae bugger has a clue what's gonnae happen in the next minute

[matty_f]

What's most mental about the reporting of what's going on is the suggestion that there have been constructive talks and that a deal could happen soon - and then in the same breath mention that due diligence still has to happen. This on a club that's not produced accounts for how long?! A club whose parent company is in seven shades of sh*te, whose bank has gone breasticles skywards, whose very ownership is uncertain...

The suggestion that a deal could happen any time, let alone soon, doesn't stand up to even a fundamental bit of scrutiny.

[monktonharp]

admire your wording there,Matty. are you a cub reporter by any chance.? jimmy olsen-esque.

[The Green Goblin]

I tried to make a cup of tea tonight, but I put the water in a cup without a teabag and failed.

All very complex...

[Geo_1875]

What I don't understand is how can they keep "reporting" that HoMFC are anywhere near self-sufficient when it is so blatantly untrue.

I've heard of freedom of the press but surely they are not free to publish blatant lies.

[Peevemor]

One thing that made a huge hole in their accounts was a vast sum that was spent on treatment for Craig Gordon to make him more attractive to potential buyers.

It's Topex.

[matty_f]

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What I don't understand is how can they keep "reporting" that HoMFC are anywhere near self-sufficient when it is so blatantly untrue.

I've heard of freedom of the press but surely they are not free to publish blatant lies.

The same way that they were happy to present debt forgiveness as income in order to report that the Yams made a profit (was that two years ago now?) when they'd actually had a multi-million pound operating loss.

It wasn't that long ago that their wage bill surpassed their entire turnover, which means that even if they had no other costs at all, they'd still make a significant loss. They needed to shed millions and millions from their wage bill and costs, as well as maintaining their income (they haven't) to even get in the same continent as self-sustainability.

There are reporters who will say that they are close to being self sustaining despite the fact that the club literally had to beg fans to put money into the club to make sure that a game (v St Mirren, IIRC) wasn't their last ever.

The reports also fail to consider that the share issue (if you remember, they needed £1.8m and every game from then til the end of the season to sell out) was the best part of a million pounds under-subscribed.

So, just under a million quid shy of survival, and that share issue was announced before the 'surprise' bill of *cough* £1.8m from Hector, so even more money to be found.

But #allisbarry of course. If you're a total f***tard, that is.

[NOLA]

Read an interesting article In bloomberg which says it will be several months before ukios bankruptcy administrators might come calling on hearts to pay back borrowing or forfeit the stadium, according to the temporary administrator. Article written by bryan bradley