Share Transfers Agreed/Cooling off period

[YehButNoBut]

It looks like, from Kickback, that the Yams received a begging letter today from Fedotovas apologising for last season & urging them to buy season tickets.

They have sold just over 6,500 so far, which astounds me as anyone giving these shysters their hard earned needs locked up

http://www.hmfckickback.co.uk/index....egging-letter/


Has anyone else just received a letter from the club apologising for last season and urging that you purchase a season ticket?

Just over 6500 sold so far and the board are aiming to have the ownership and debt situation sorted before the start of the season as well as reshaping the team. Sounds simple.

It would be a fantastic effort by the support if we match the previous total sold.

[Northernhibee]

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Allisbarry tweeting that websters contract ends today and will know in next 48 hours whether he will sign new one. My guess is he isn't getting offered either but that might spook the poor yams

Aberdeen bound. Not 100% but the person who told me seems convinced and has given decent Aberdeen related info before (the occasional duff info too though)

[Col2]

Just dawned on me. Two things.

Next season will be brilliant watching them struggle with at best (for them) a 15 point penalty and average squad, at worse (for them) administration and all that comes with it.

Therefore relegation looks like odds on - I wonder when the bookies are taking odds for next season?!

Also if/when they go down they will have an interesting challenge getting back up with sevco challenging them for promotion!! With Ian Black and Templeton to name but a few. Irony.

I'm going to really really enjoy this!!

[bingo70]

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Just dawned on me. Two things.

Next season will be brilliant watching them struggle with at best (for them) a 15 point penalty and average squad, at worse (for them) administration and all that comes with it.

Therefore relegation looks like odds on - I wonder when the bookies are taking odds for next season?!

Also if/when they go down they will have an interesting challenge getting back up with sevco challenging them for promotion!! With Ian Black and Templeton to name but a few. Irony.

I'm going to really really enjoy this!!

There'll probably be play offs by then so they could come up with the rangers.

[Craig_in_Prague]

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There'll probably be play offs by then so they could come up with the rangers.

Yes... Hibs must not be near the bottom that season!!

[Winston Ingram]

Theft & cheating. Should put that on the badge of that club

Posted Yesterday, 11:02
stick it on the credit card, then pay it off.

If the club go bust, claim it back through your card.

Simples.

[Ozyhibby]

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Just dawned on me. Two things.

Next season will be brilliant watching them struggle with at best (for them) a 15 point penalty and average squad, at worse (for them) administration and all that comes with it.

Therefore relegation looks like odds on - I wonder when the bookies are taking odds for next season?!

Also if/when they go down they will have an interesting challenge getting back up with sevco challenging them for promotion!! With Ian Black and Templeton to name but a few. Irony.

I'm going to really really enjoy this!!

Strangely enough, that's what a lot of yams are hoping for because you have just described their best case scenario.

[Winston Ingram]

Posted Yesterday, 13:11
There are some utter ramjets in our support. Utter, utter ramjets.

[Saorsa]

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Theft & cheating. Should put that on the badge of that club

Can they use credit cards? I thought they were cash only, do they have a credit card service provider? Who in their right mind would provide it?

[Winston Ingram]

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Can they use credit cards? I thought they were cash only, do they have a credit card service provider? Who in their right mind would provide it?

I'm not sure. Hope not

[CyberSauzee]

I doubt the artist of this cartoon knows how close to the truth he is...

Unfortunately due to the sweary words filter you'll have to replace the asterisks yourselves:

http://thesunshineroom.com/2013/05/30/bull****-rodeo/

[The Falcon]

I think, unfortunately, they have been implementing some sort of plan to get out of it. They (the directors) have even cast UBIG adrift but not before carrying out some sort of financial jiggery pokery with the loans. They have bought themselves time in which to come up with a workable solution.

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Just dawned on me. Two things.

Next season will be brilliant watching them struggle with at best (for them) a 15 point penalty and average squad, at worse (for them) administration and all that comes with it.

Therefore relegation looks like odds on - I wonder when the bookies are taking odds for next season?!

Also if/when they go down they will have an interesting challenge getting back up with sevco challenging them for promotion!! With Ian Black and Templeton to name but a few. Irony.

I'm going to really really enjoy this!!

[CropleyWasGod]

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I think, unfortunately, they have been implementing some sort of plan to get out of it. They (the directors) have even cast UBIG adrift but not before carrying out some sort of financial jiggery pokery with the loans. They have bought themselves time in which to come up with a workable solution.

How does one cast adrift £10m of loans?

[The Falcon]

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How does one cast adrift £10m of loans?

They're going to give it a right good go..........

[Waxy]

Can't just cast adrift the loans they've took out.
Hey we've just took a loan of 25M but lets just cast it adrift.Can anyone cast their loans adrift?

If the yams manage that we'll be able to walk to fife without using the bridges.

[The Falcon]

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Can't just cast adrift the loans they've took out.
Hey we've just took a loan of 25M but lets just cast it adrift.Can anyone cast their loans adrift?

If the yams manage that we'll be able to walk to fife without using the bridges.

Perhaps "cast adrift" wasnt the right description and "abandoned" might be, but at no time did I say the loan was "cast adrift", I was refering to UBIG, the company. It appears to me they (the UBIG directors) have hung about just long enough to do a bit of financial reorganising before they unaminously left by the back door leaving UBIG rudderless and their creditors whistling.

The £10m is now, we assume, unsecured and will be vital in any CVA. I do believe we are watching a plan unfold. It may not work but nonetheless there is mischief afoot.

[Geo_1875]

I assume the Lithuanian authorities will have the power to put them straight then. Surely they won't be allowed to separate HoMFC from the car crash that is UBIG/Ukio?

[WindyMiller]

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Perhaps "cast adrift" wasnt the right description and "abandoned" might be, but at no time did I say the loan was "cast adrift", I was refering to UBIG, the company. It appears to me they (the UBIG directors) have hung about just long enough to do a bit of financial reorganising before they unaminously left by the back door leaving UBIG rudderless and their creditors whistling.

The £10m is now, we assume, unsecured and will be vital in any CVA. I do believe we are watching a plan unfold. It may not work but nonetheless there is mischief afoot Watson!

sorted!

[Part/Time Supporter]

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I think, unfortunately, they have been implementing some sort of plan to get out of it. They (the directors) have even cast UBIG adrift but not before carrying out some sort of financial jiggery pokery with the loans. They have bought themselves time in which to come up with a workable solution.

You're crediting them with far too much intelligence.

[The Falcon]

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You're crediting them with far too much intelligence.

Lets hope they are as stupid as they are corrupt.

[chrisski33]

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Just dawned on me. Two things.

Next season will be brilliant watching them struggle with at best (for them) a 15 point penalty and average squad, at worse (for them) administration and all that comes with it.

Therefore relegation looks like odds on - I wonder when the bookies are taking odds for next season?!

Also if/when they go down they will have an interesting challenge getting back up with sevco challenging them for promotion!! With Ian Black and Templeton to name but a few. Irony.

I'm going to really really enjoy this!!

Folk seemed pretty confident that theyd get the points deducted before end of last season but it didnt, can we be that confident they will get one at start of season? im not. The fact they are able to even think of signing players is a mockery!

[blackpoolhibs]

How long do the courts take to ratify an insolvency in Lithuania?

[pontius pilate]

I'd think we will know if anything happens to them around the middle of June to the tale end of that month.
Ie Ubig bankruptcy etc etc

[greenginger]

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Lets hope they are as stupid as they are corrupt.

It should be remembered that the move to put Ukio Bankas into administration came as a complete shock to them.

Any planning to save the Yams must be last minute reactions rather than long term strategy.

I still can't see what's in it for the Liths to save them though, its not as if they will get any great payoff for their efforts.

[monktonharp]

slightly off track with this, but, there is a snippet in the wall street journal , describing the current tax enforcement issues in Vilnius, Lithland. apparently, a woman complained of breach of privacy laws when she was photographed by a lurking Google street view car. she was seen outside her house, clambering into a hammock, and complained to authorities. this, in turn, led to enquiries about her undeclared "wealth" which is a huge issue in the capital of Lithland at the moment. 100 other cases have recently been discovered and the government are determined to clean up this mess. who's next? can a retired banker not have privacy mowing the lawn.?

[The Falcon]

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It should be remembered that the move to put Ukio Bankas into administration came as a complete shock to them.

Any planning to save the Yams must be last minute reactions rather than long term strategy.

I still can't see what's in it for the Liths to save them though, its not as if they will get any great payoff for their efforts.

Once UKIO went so did their cash flow and I cant help thinking that they have kept UBIG going long enough (prob by means of the share issue?) to cover their tracks and formulate some sort of exit strategy.

Despite UBIG "owning" 79% of Hearts shares (29% secured to UKIO but QH has another 15% with the 5% from HMFC2005 still unaccounted for) it is clear that the mebers of the "former" UBIG board are calling all the shots at Tynie despite resigning en masse.

Everybody agrees that the £10m (until very recently £25m) owed to UBIG is not going to be paid, it is how it's not going to be paid that is still to be determined.

And as someone else posted how on earth are the SPL allowing them to continue signing players when they have made it clear they do not have enough cash to get through next season, is a travesty.

I could be wrong, however, as I was nearly wrong once before.

[Caversham Green]

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It should be remembered that the move to put Ukio Bankas into administration came as a complete shock to them.

Any planning to save the Yams must be last minute reactions rather than long term strategy.

I still can't see what's in it for the Liths to save them though, its not as if they will get any great payoff for their efforts.

The entire board of UBIG - not just those that are on the HoMFC board - resigned shortly after Ukio went into administration. The reason was nothing to do with some obscure football club in Scotland and everything to do with trying to avoid the awkward questions that are bound to follow. We now see Fedotovas claiming he knows nothing about Ukio, UBIG or Quantum Holdings even though UBIG and Quantum just re-elected the club chairman against the wishes of an overwhelming majority of shareholders. If he really knows nothing he's not fit to be a director even in Gorgie.

Fedotovas lost his source of income when he resigned from UBIG - what's the betting he's drawing a salary from HoMFC now? Hearts are the last hiding place of a very worried man.

[Dr Jimmy]

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The entire board of UBIG - not just those that are on the HoMFC board - resigned shortly after Ukio went into administration. The reason was nothing to do with some obscure football club in Scotland and everything to do with trying to avoid the awkward questions that are bound to follow. We now see Fedotovas claiming he knows nothing about Ukio, UBIG or Quantum Holdings even though UBIG and Quantum just re-elected the club chairman against the wishes of an overwhelming majority of shareholders. If he really knows nothing he's not fit to be a director even in Gorgie.

Fedotovas lost his source of income when he resigned from UBIG - what's the betting he's drawing a salary from HoMFC now? Hearts are the last hiding place of a very worried man.

I've nothing to add, just keeping this on the front page.

[Dashing Bob S]

I'm a bit upset at this usurper Fedotovas trying to cast himself as the villain of the piece in the demise of Hearts. I think it cheapens the hard work Vladimir Romanov has put in for the last eight years. I hope that Hearts fans see through this, but I somehow doubt it.

Scottish football needs a strong Hearts in case the Germans should invade again. I, for one, don't want a high standard of living and to be forced to dress in Hugo Boss. Do you?

[Barney McGrew]

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I, for one, don't want a high standard of living and to be forced to dress in Hugo Boss. Do you?

Much better to be seen in RRevolution satin reversible jackets if you're a knowledgable and fashionably dapper young man about town.