Share Transfers Agreed/Cooling off period

[poolman]

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Heard some interesting news earlier from a mate who, having bought a significant (in the thousands of pounds) amount of shares, has asked for his money back as no shares have been forthcoming.

The reply he got (I'll see if I can persuade him to let me scan and post it here, but I can't see him doing that) basically said that they are not in a position to cancel the transaction or return the money, nor are they able to guarantee that the shares will ever (yes, ever) be issued.

Needless to say he is livid about this and is taking legal advice on what to do next.

Still, #allisbarry eh?

Shirley illegal that Mattie is it not ?

Interesting times ahead this summer

[matty_f]

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Interesting. A few senior guys at my work that sunk a fair bit of cash in that have also made recent requests to be refunded. They've been promised that its being looked into.

They shouldn't expect a response in a hurry, Kev chased them for a while before he eventually got the response.

[Pretty Boy]

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They shouldn't expect a response in a hurry, Kev chased them for a while before he eventually got the response.

Interesting.

A joiner at my work whos a , relatively decent, yam has enquired about rhe shares re issue of certificates and if they aren't forthcoming then a refund.

No reply as of yet.

[Dashing Bob S]

I don't think I've ever enjoyed myself in anything football-related, albeit in certain way, as I have reading Jambos Kickback today. If there are any Hearts fans looking in on this site, who contributed in any way, I seriously thank you.

[The Falcon]

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In short, it's virtually impossible for anyone to buy a debt-free HoMFC.

Those of us who fear another Rangers type sting will focus on the bit in bold.

[7062]

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They've already broken the law in respect of that share issue - those shares should have been registered no later than February.

Do you know why they've not been punished for this Cav?

[Part/Time Supporter]

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Do you know why they've not been punished for this Cav?

Probably because nobody affected has made a complaint to L&B.

[7062]

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Probably because nobody affected has made a complaint to L&B.

Thought it might have been a regulatory breach of whatever rules cover the purchase of shares and that whatever body covers this might have investigated it by now. It's been in the public domain for long enough.

[Aldo]

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Probably because nobody affected has made a complaint to L&B.

Yes someone would have to make a complaint but after reading almost all of this thread and the one on the PM board the problem the police will have is where to start... Once opened I can guarantee it will be one huge massive can if worms. It's probably a hell of a lot more than 12.5 million that the mad one has embezzled.

Is there a paper trail ... Prob not
Where are the persons responsible ... Who knows.

Put it this way anyone and I repeat anyone who has bought shares are now finding out the hard way... That they are not worth the money they are written on and they are highly unlikely to see their money again.

[matty_f]

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Yes someone would have to make a complaint but after reading almost all of this thread and the one on the PM board the problem the police will have is where to start... Once opened I can guarantee it will be one huge massive can if worms. It's probably a hell of a lot more than 12.5 million that the mad one has embezzled.

Is there a paper trail ... Prob not
Where are the persons responsible ... Who knows.

Put it this way anyone and I repeat anyone who has bought shares are now finding out the hard way... That they are not worth the money they are written on and they are highly unlikely to see their money again.

The thing is, my mate was never ever looking for a return on his money. It was an emotional investment but he expects to get what he paid for.

He's well off financially, buys season tickets for his family and even does the hospitality from time to time. Absolutely loves the club but hates the thought that he's had several thousand pounds taken for nothing.

[Kato]

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Yes someone would have to make a complaint but after reading almost all of this thread and the one on the PM board the problem the police will have is where to start... Once opened I can guarantee it will be one huge massive can if worms. It's probably a hell of a lot more than 12.5 million that the mad one has embezzled.

Is there a paper trail ... Prob not
Where are the persons responsible ... Who knows.

Put it this way anyone and I repeat anyone who has bought shares are now finding out the hard way... That they are not worth the money they are written on and they are highly unlikely to see their money again.

Great punchline.

If the (more sensible) Jambos (i.e. those who are capable of buttoning their own shirts and don't piss their pants every time they need to go "wee-wee") are slooowwwwly now getting around to thinking about when their shares will be issued it might not be too long before someone chips in with an official complaint, expressed along the lines of "where's ma shay-urs yooz?" - things will get tasty if this comes to pass.

They've been reasonably solid as a support up to now, all it takes is a few splitters and it'll make World War Z look like Mary Poppins.

[jacomo]

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The thing is, my mate was never ever looking for a return on his money. It was an emotional investment but he expects to get what he paid for.

He's well off financially, buys season tickets for his family and even does the hospitality from time to time. Absolutely loves the club but hates the thought that he's had several thousand pounds taken for nothing.

To be honest, he should have known better. Bet Fedotovas and Vlad were laughing their heads off as the free cash for the 'share issue' came in.

[matty_f]

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To be honest, he should have known better. Bet Fedotovas and Vlad were laughing their heads off as the free cash for the 'share issue' came in.

It was a heart ruling the head purchase, as I suspect it was with anyone that bought them.

Don't think his Mrs is too pleased though as I'm sure she had designs on the money!

[Aldo]

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The thing is, my mate was never ever looking for a return on his money. It was an emotional investment but he expects to get what he paid for.

He's well off financially, buys season tickets for his family and even does the hospitality from time to time. Absolutely loves the club but hates the thought that he's had several thousand pounds taken for nothing.

He's one of the lucky ones. (If you get what i mean) I know guys who put some if their family savings in (cash) and just cannot believe this has happened. He was warned/advised but went ahead with it. He's about 1200 quid (maybe more) down. He's one of the 1-5 brigade etc

[matty_f]

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He's one of the lucky ones. (If you get what i mean) I know guys who put some if their family savings in (cash) and just cannot believe this has happened. He was warned/advised but went ahead with it. He's about 1200 quid (maybe more) down. He's one of the 1-5 brigade etc

Kev has gone in for upwards of ten times that figure!!

Ouch!!

[Aldo]

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Kev has gone in for upwards of ten times that figure!!

Ouch!!

Big time ouch. Vlad and the gang have well and truly dick Turpin'd the fans across the city alrite.

Some still cannae see it tho Matty.

[clerriehibs]

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The thing is, my mate was never ever looking for a return on his money. It was an emotional investment but he expects to get what he paid for.

He's well off financially, buys season tickets for his family and even does the hospitality from time to time. Absolutely loves the club but hates the thought that he's had several thousand pounds taken for nothing.

no sympathy. It was obvious to my dug it was a rip off.

[CropleyWasGod]

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no sympathy. It was obvious to my dug it was a rip off.

Can we get your dug to clear up a few issues on this thread?

[lapsedhibee]

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Can we get your dug to clear up a few issues on this thread?

Nah, you CG and PTS are already providing plenty pointers.

[CropleyWasGod]

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Nah, you CG and PTS are already providing plenty pointers.

We're hounding 'em.

[Mr White]

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no sympathy. It was obvious to my dug it was a rip off.

Totally agree. Anyone who fell for that scam must be barking mad and hoping to collar the perpetrators. Sad tail altogether.

[Jack Hackett]

I think it only fair that their support suffer financially for the small successes they enjoyed while their club was cheating with money they didn't have. I sincerely hope they continue to be ripped off, as it's pretty obvious they are stupid enough to fall for it.

[clerriehibs]

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Totally agree. Anyone who fell for that scam must be barking mad and hoping to collar the perpetrators. Sad tail altogether.

The sooner a retriever is appointed, the better. Mind you, the bitching would really start then.

[Jack Hackett]

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The sooner a retriever is appointed, the better. Mind you, the bitching would really start then.

Someone with a pug-nacious attitude, who won't roll over to have his belly tickled

[Mr White]

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Someone with a pug-nacious attitude, who won't roll over to have his belly tickled

Yes, someone with pedigree willing to take the lead and put a stop to the cavalier financial approach of those lithuanian mongrels.

[mca]

I told a jambo workmate at the time - who put a few hundred in the pot.. id said - you wont see a penny of that again.. He decided to say recently that hearts were now debt free now and it was with his help... and that he would probably recoup a fortune from the shares... Aasked him if he had a certificate for the shares.. and he said.. NO... total archiehole

[brianmc]

Any chance we can get this thread back on track? (Chasing after a pesky hare, obviously!)

[Soldiersteve]

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Any chance we can get this thread back on track? (Chasing after a pesky hare, obviously!)

My money would be on the Number 1 dog (Vlad) leading the field by doing a runner!

[PatHead]

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Heard some interesting news earlier from a mate who, having bought a significant (in the thousands of pounds) amount of shares, has asked for his money back as no shares have been forthcoming.

The reply he got (I'll see if I can persuade him to let me scan and post it here, but I can't see him doing that) basically said that they are not in a position to cancel the transaction or return the money, nor are they able to guarantee that the shares will ever (yes, ever) be issued.

Needless to say he is livid about this and is taking legal advice on what to do next.

Still, #allisbarry eh?

Must admit I don't think he will have a leg to stand on. So far Hearts have always played the game to the limit. It would surely be cheaper to issue a few bits of paper rather than give money back. If they do it for him I am sure a lot of Jambos who have smelt the coffee would follow suit.

[bighairyfaeleith]

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Must admit I don't think he will have a leg to stand on. So far Hearts have always played the game to the limit. It would surely be cheaper to issue a few bits of paper rather than give money back. If they do it for him I am sure a lot of Jambos who have smelt the coffee would follow suit.

they can't afford to do either though