Share Transfers Agreed/Cooling off period

[SkintHibby]

Hearts fann on my facebook....

"I'd rather support a club in a wee bit of financial trouble than be a Hibby".

[degenerated]

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

Hearts fann on my facebook....

"I'd rather support a club in a wee bit of financial trouble than be a Hibby".

I'd rather they did that too

[sidneyhibbie]

What amazes me most is the sheer denial they go on as if their is no problems talking about signing this player and that player and the clowns running the show are constantly telling lies they say they are trying to get this 100k together and if they do then whats next the wages and a 2.5 million black hole in next seasons budget, and as for the Elephants in the room they never mention UBIG Will be in Admin by the end off this month and Ukio already are with 25 million due, plus another 1 million due to Hector and if they survive till the season starts ( which i doubt very much ) they will be handed a 15 points deduction.
They have no money to sign any new players and probably cant even pay the ones that are left.

[Pretty Boy]

Had a wee chat with the guy at my work who was querying the shares today.

I, discreetly, tried to get as much info as possible from him.

He claims his 'investment' was at the lower end of the scale, was the minimum £100? Apparently he has sent numerous emails and a few paper letters but has had no reply. He's also phoned asking about the certificate and has been put on hold and left to wait until he finally hangs up, longest he held on one day was 'just under 2 hours'.

He was saying he feels quite guilty making a fuss but it's a matter of principle for him now. If they had asked him for a donation he would have contributed but he is now convinced he has been scammed and wants his money back/answers.

Almost felt sorry for him.

[grunt]

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

He was saying he feels quite guilty making a fuss but it's a matter of principle for him now. If they had asked him for a donation he would have contributed but he is now convinced he has been scammed and wants his money back/answers.

He clearly didn't read the prospectus then, as it was crystal clear that these shares were effectively worthless, and this was nothing other than a fancy way of making a donation. How much does your friend think a share in a company with 8 years straight losses, £25m debt and £7m turnover is worth?

[Pretty Boy]

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

He clearly didn't read the prospectus then, as it was crystal clear that these shares were effectively worthless, and this was nothing other than a fancy way of making a donation. How much does your friend think a share in a company with 8 years straight losses, £25m debt and £7m turnover is worth?

I think he was aware it was worthless, much like the shares you can buy in Hibs are 'worthless' but he still wants the certificate to prive he is a shareholder.

If there had been no mention of shares, he still would have donated was his point I think.

He is a yam though so who knows, and 'friend' is stretching it.

[PapillonVert]

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

Hearts fann on my facebook....

"I'd rather support a club in a wee bit of financial trouble than be a Hibby".

Each to his own.

[Part/Time Supporter]

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

Hearts fann on my facebook....

"I'd rather support a club in a wee bit of financial trouble than be a Hibby".

I thought the Jambo line was that Hibs were in as much financial trouble as Hearts, if not more.

Obviously this one didn't get the memo.

[Treadstone]

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

He's also phoned asking about the certificate and has been put on hold and left to wait until he finally hangs up, longest he held on one day was 'just under 2 hours'.

He was saying he feels quite guilty making a fuss but it's a matter of principle for him now. If they had asked him for a donation he would have contributed but he is now convinced he has been scammed and wants his money back/answers.

Office receiving phone call.

[kdhibees1]

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

Office receiving phone call.

Tee Hee

[Springbank]

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

Office receiving phone call.

Curse those speakerphones!
Probably bought them knocked-off from some hibsman-reading hobo an aw

[Dashing Bob S]

I'm hoping this forthcoming week brings more bad news for our Gorgoid chums.

[cad]

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

I think he was aware it was worthless, much like the shares you can buy in Hibs are 'worthless' but he still wants the certificate to prive he is a shareholder.

If there had been no mention of shares, he still would have donated was his point I think.

He is a yam though so who knows, and 'friend' is stretching it.

Do you think he might be interested in some magic beans ,I know he`s been stung with the shares thing , but this guy Jack I know swears by them ,
life changing he said .

[Jack]

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

Do you think he might be interested in some magic beans ,I know he`s been stung with the shares thing , but this guy Jack I know swears by them ,
life changing he said .

The cow was minging anyway.

[HH81]

Is today the day when the tax bill has to be paid

[KdyHby]

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

Is today the day when the tax bill has to be paid

http://m.scotsman.com/sport/football...bill-1-2960799

[kaimendhibs]

Self sufficient ha. Hope they get slammed today but have a horrible feeling they will somehow manage to slip the hook again.


Sent from my iPhone using Tapatalk

[Hibernia Na Eir]

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

Hearts fann on my facebook....

"I'd rather support a club in a wee bit of financial trouble than be a Hibby".

their support would appear not to work. I love seeing them continually fleeced by their owners hahaha

[Aldo]

I am more than certain that if it had been paid we'd know about it.

Self sufficient ma arse

Ps it'll get paid that lot seem to squirm out of everything.

[CallumLaidlaw]

If its to be paid by 5pm, they'll pay it at 4.59pm. They've probably had the cash all along to pay it

[lord bunberry]

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

If its to be paid by 5pm, they'll pay it at 4.59pm. They've probably had the cash all along to pay it

I suspect they have had the money all along as well. If they didn't have the money they wouldn't have waited until the day it was due to try and get the fans to stump up.
Last season they declaired that they needed 1.8m plus a full house every home game to make it to the end off the season, they gor neither yet still managed to make it to the end of the season. They obviously have cash flow issues but I doubt that they are as bad as they are making out. It will be events in Lithuanian that will finish them.

[Part/Time Supporter]

A couple of random thoughts:

The initial story must have been leaked by Hearts. HMRC wouldn't comment on an individual taxpayer (least of all to the Sun) and there still isn't any public record of the debt as no court papers have been filed.

Which begs the question why would they leak it? The answer seems fairly obvious to me: it gives the fans more warning time. If they had woken up tomorrow with the first they'd heard of this story being that HMRC had filed a WUP, they would only have 10 days left to save the club.

As Cav has pointed out above, most sales transactions take a few days before the funds get to the bank account, effectively reducing that period to a week (or less). So by leaking the story to the Sun a week (or thereabouts) in advance, they hope to give the fans more time to get their cakes baked.

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

http://m.scotsman.com/sport/football...bill-1-2960799

That is a rehash of earlier reports, probably written by a staff writer (there is no byline to the article). It doesn't tell us anything new.

[KWJ]

So we'll likely find out today if they paid it or tomorrow morning if the HMRC are pushing through the winding up order, aye?

[#FromTheCapital]

They'll pay today no doubt. Still a good sign that they're having cash flow problems this early. Last season the cracks didn't show until September iirc.

[s.a.m]

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

A couple of random thoughts:

The initial story must have been leaked by Hearts. HMRC wouldn't comment on an individual taxpayer (least of all to the Sun) and there still isn't any public record of the debt as no court papers have been filed.

Which begs the question why would they leak it? The answer seems fairly obvious to me: it gives the fans more warning time. If they had woken up tomorrow with the first they'd heard of this story being that HMRC had filed a WUP, they would only have 10 days left to save the club.

As Cav has pointed out above, most sales transactions take a few days before the funds get to the bank account, effectively reducing that period to a week (or less). So by leaking the story to the Sun a week (or thereabouts) in advance, they hope to give the fans more time to get their cakes baked

That is a rehash of earlier reports, probably written by a staff writer (there is no byline to the article). It doesn't tell us anything new.

[21.05.2016]

The slimey, jammy *******s will squirm their grubby wee selves out of it today as they so often have done in the past. Horrible, disgusting, scabby little club.

[Green Fish]

Have heard, albeit third hand, that a consortium is progressing in a take over but accounts from three months and before have vanished. Probably nonsense but wouldn't be a great surprise.

[PatHead]

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

Have heard, albeit third hand, that a consortium is progressing in a take over but accounts from three months and before have vanished. Probably nonsense but wouldn't be a great surprise.

Any idea who they are having discussions with? Hearts are not in control

[CropleyWasGod]

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

Have heard, albeit third hand, that a consortium is progressing in a take over but accounts from three months and before have vanished. Probably nonsense but wouldn't be a great surprise.

Again, this "takeover".

Can't happen. Nothing can be sold.

[JeMeSouviens]

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

So we'll likely find out today if they paid it or tomorrow morning if the HMRC are pushing through the winding up order, aye?

They'll file a winding up petition with the court, but that still gives them a couple of weeks to pay before it would be heard. We've been at this stage many times before.