Share Transfers Agreed/Cooling off period

**kdhibees1** · 02-05-2013 03:34 PM

**~~Sanger~~** · 02-05-2013 03:35 PM

UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.

**green glory** · 02-05-2013 03:36 PM

Originally Posted by CropleyWasGod

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Not yet. The foreplay is increasing in intensity, but the climax has yet to be attained.

Roll with it.

Looking forward to the vinegar strokes.

**~~God Petrie~~** · 02-05-2013 03:37 PM

Originally Posted by desantos0773

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UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.

you should hand out boxes of kleenex with your posts

***CropleyWasGod*** · 02-05-2013 03:37 PM

Originally Posted by desantos0773

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UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.

Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.

***Caversham Green*** · 02-05-2013 03:37 PM

Originally Posted by Thecat23

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Most over there still think this is a good thing. They will get a buyer and they will still be at Tynnie. Surely these folk can't be serious?

The complacency over there is breathtaking. Can you imagine what would happen if Rod and STF had got our club into the state HoMFC are in?

**PatHead** · 02-05-2013 03:38 PM

Wonder if the Jambos will be singing this by the end of the day in defiance. http://www.youtube.com/watch?v=6E2hYDIFDIU

**TAHibby** · 02-05-2013 03:38 PM

:giruy:

**Glesgahibby** · 02-05-2013 03:38 PM

Originally Posted by desantos0773

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UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.

SPOT ON SIR!!!!
GAME OVER

**Hibs07p** · 02-05-2013 03:39 PM

This is how I'm feeling.

http://www.youtube.com/watch?v=9awyOmLgQD8

http://www.youtube.com/watch?v=ouLbmyRzbBM

http://www.youtube.com/watch?v=iz_04QXRWao

http://www.youtube.com/watch?v=99lR07VXqCc

***Hibby70*** · 02-05-2013 03:39 PM

Vinegar!!!!!!!!!

***SteveHFC*** · 02-05-2013 03:39 PM

***essexhibee*** · 02-05-2013 03:41 PM

Absolutely no sign of anyone worrying about this on keekback? Are they deaf dumb and blind?

**jgl07** · 02-05-2013 03:41 PM

Originally Posted by CropleyWasGod

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Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.

There were suggestions that Tynecastle could have been transferred as part of the debt for equity switches.

**~~Sanger~~** · 02-05-2013 03:42 PM

Originally Posted by CropleyWasGod

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Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.

The claims on Tynecastle and Romanov's shares are. They effectively become assets as UB are bankrupt and can't pay back the loans.

**Leishy1995** · 02-05-2013 03:42 PM

Yesterday, all my troubles seemed so far away

***Heisenberg*** · 02-05-2013 03:42 PM

So is it still a case of #allisbarry?

***MacBean*** · 02-05-2013 03:42 PM

Originally Posted by CropleyWasGod

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Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.

If UBIG have provided Hearts FC as security over their debt (As the bloomberg article would suggest), and UBGI can't repay their debt, then the security for said debt would be transferred to UB administrators. In this instance, that is Hearts FC and all of it's assets, i.e. Tynecastle, name rights, SPL rights, players, staff, etc...

Then UB administrator could asset strip HMFC

**hibsmad** · 02-05-2013 03:42 PM

Originally Posted by essexhibee

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Absolutely no sign of anyone worrying about this on keekback? Are they deaf dumb and blind?

No.

Just thick as ****

**Killiehibbie** · 02-05-2013 03:42 PM

I wasn't going to get up that early to attend the derby but I might now :giruy:

**Hibby Gav** · 02-05-2013 03:43 PM

Originally Posted by Pames McJake

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you should hand out boxes of kleenex with your posts

And maybe a cigarette and the local dominoes number for after.....

***Mikey*** · 02-05-2013 03:45 PM

Originally Posted by MacBean

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If UBIG have provided Hearts FC as security over their debt (As the bloomberg article would suggest), and UBGI can't repay their debt, then the security for said debt would be transferred to UB administrators. In this instance, that is Hearts FC and all of it's assets, i.e. Tynecastle, name rights, SPL rights, players, staff, etc...

Presumably meaning that Hearts are owned by a bankrupt outfit?

Therefore meaning an immediate 18 point deduction??

***Heisenberg*** · 02-05-2013 03:47 PM

Barry Anderson‏@BarryAnderson_86mUkio going bankrupt means £15m #Hearts owe them could be recalled. If so, it would force #HMFC into admin. Down to Ukio administrator now.

Nae luck Barry :fenlonMon the administrator

**littleplum** · 02-05-2013 03:47 PM

Originally Posted by M17

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So is it still a case of #allisbarry?

Not according to Barry

Barry Anderson ‏@BarryAnderson_8 16m Confirmed, Ukio declared bankrupt RT @edinburghpaper Hearts in crisis: Ukio Bankas goes bankrupt http://bit.ly/120Yr4e

***Green Man*** · 02-05-2013 03:48 PM

I've always hated this gif, but I knew I'd find a use for it one day.

satisfacao.gif

**Killiehibbie** · 02-05-2013 03:48 PM

Originally Posted by Mikey

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Presumably meaning that Hearts are owned by a bankrupt outfit?

Therefore meaning an immediate 18 point deduction??

Hopefully it's as straight forward as that.

***MacBean*** · 02-05-2013 03:48 PM

Originally Posted by Mikey

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Presumably meaning that Hearts are owned by a bankrupt outfit?

Therefore meaning an immediate 18 point deduction??

UBIG still "own" HMFC, and until UBIG are declared in Admin/Bankrupt then there will be no 18 point deduction. Only when UB admin calls in UBIG debt will we know of the next steps. If UBIG can't pay, HMFC and it's assets will be offered.

***GordonHFC*** · 02-05-2013 03:48 PM

Originally Posted by M17

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Barry Anderson‏@BarryAnderson_86mUkio going bankrupt means £15m #Hearts owe them could be recalled. If so, it would force #HMFC into admin. Down to Ukio administrator now.

Nae luck Barry :fenlonMon the administrator

So 'allisnotbarry' then?