Share Transfers Agreed/Cooling off period

[Jack Hackett]

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In fairness, those stairs look really bright. I actually think they've just kicked the H&S down the line. Come the late nights when the have to turn on the 100W bulb a lot of people will have difficulty navigating those stairs........

......Which brings us back to the suggestion recently that maybe the hertz support could bequeath a legacy to the club on their demise

[VivaHiberña]

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Yes ... this is an obvious ploy by the Gorgie mob to gloss over the real issues.

This is just the start of the Yams bright new future. Soon to come a number of Dulux signings who will bring the SPL Crown to the PBS.

I suppose that means we can't flog them Matt Done?

[greenpaper55]

Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

[clerriehibs]

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Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

Is that paragraph actually legal?!?!?! "We'll sell you shares in our company, but in no way, shape, or form must you be under the impression that you have a share in the company".

[Sanger]

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Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

The shares are worthless a total scam. How no legal expert never brought this to the attention of the media or fans is beyond belief. The whole HMfC/Romanov is one of the great swindles of modern times. When this all comes to a head there is going to be some book on the whole story. I demand a Panorama special!

[DaveF]

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The shares are worthless a total scam. How no legal expert never brought this to the attention of the media or fans is beyond belief. The whole HMfC/Romanov is one of the great swindles of modern times. When this all comes to a head there is going to be some book on the whole story. I demand a Panorama special!

We need the closing chapters to be written though, so wouldn't mind the Lith authorities getting a shift on and killing off UKIO and UBIG.

[poolman]

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Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

Just wow

[hibs0666]

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Found this on the other side regarding the missing shares,

"The Ordinary Shares will be unlisted securities. No application is being made for admission of the Ordinary Shares to be admitted to the Official List of the United Kingdom Listing Authority or to the AIM Market of the London Stock Exchange. Further, neither the United Kingdom Listing Authority nor the London Stock Exchange has examined or approved the contents of this document. The Ordinary Shares will not be dealt on any other investment exchange (whether recognised or otherwise) and no application has been or is being made for the Ordinary Shares to be admitted to trading on any such exchange or market."

"There is no market or dealing arrangement, nor in the forseeable future is there intended to be a market or dealing arrangement, for the Company’s shares."

The above are copy and pasted from the share prospectus. It doesn't look like a registrar has been appointed (probably to keep costs down) so it looks like it could be down to Hearts to get a mock-up certificate sent out to everyone who donated.

Now we know what Vlad is doing, he is sitting in a Moscow flat with a john Bull printing press stamping the shares out !.

I might be reading this wrong, but all this appears to say to me is that there is no intention for the shares to be listed on any stock exchange or financial market. This is the same as the vast majority of companies in the UK.

[poolman]

One for Cavendish or CWG

Could this shares malarky be construed as fraud by the regulatory people that deal with this

Also,could charges be forthcoming if it is

[matty_f]

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I might be reading this wrong, but all this appears to say to me is that there is no intention for the shares to be listed on any stock exchange or financial market. This is the same as the vast majority of companies in the UK.

When is a share not a share?

One for the experts: if the shares aren't registered anywhere, and there's no market for trading them... how does that fit with the statement that the share issue was a step towards fan ownership?

[CropleyWasGod]

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One for Cavendish or CWG

Could this shares malarky be construed as fraud by the regulatory people that deal with this

Also,could charges be forthcoming if it is

The longer the share certificates remain unissued, the more likely that fraud has been committed. The regulatory people would be the police

As for the wording on the supposed "certificates", I am not sure there is a problem. Hearts are a PLC but, AFAIK, their shares aren't traded anywhere. So, in broad terms, that wording reflects the rest of the shares.

[CropleyWasGod]

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When is a share not a share?

One for the experts: if the shares aren't registered anywhere, and there's no market for trading them... how does that fit with the statement that the share issue was a step towards fan ownership?

The market for trading the "shares" would be the private one, just as it is for most private companies and many public companies. If I want to sell shares in my company, I find a buyer.... I don't need to take them to any public market.

[Ozyhibby]

Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

[hibs0666]

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When is a share not a share?

One for the experts: if the shares aren't registered anywhere, and there's no market for trading them... how does that fit with the statement that the share issue was a step towards fan ownership?

I don't think these things are in conflict. The yams shares (if they were ever issued) would be traded in exactly the same way as Hibs shares are traded i.e. via a financial bloke at the club.

[Part/Time Supporter]

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The market for trading the "shares" would be the private one, just as it is for most private companies and many public companies. If I want to sell shares in my company, I find a buyer.... I don't need to take them to any public market.

Including Hibs. If you want to buy shares in Hibs, you find someone who has some and acquire them from that holder. Alternatively you can write to Hibs, as there is one employee who passes on to applicants any shares that have been returned.

The potential offence with Hearts and their recent issue is the failure to comply with Companies Act 2006 s555 / s557 (registering allotment of shares). That should have been done within a month of when the share issue closed, just before Christmas. The penalty for that is only a fine though. That said, I'm not exactly sure why they haven't bothered to do this, other than saving some relatively minor administrative costs of compliance. Cock-up is far more likely than conspiracy IMO (like much else of their off-field management recently).

[clerriehibs]

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Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

so entertaining!

[Leishy1995]

Did they pay the 100k??!

[Hermit Crab]

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Did they pay the 100k??!

No sod knows.

[Hermit Crab]

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Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

That's my bedtime reading sorted then :D

[poolman]

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The market for trading the "shares" would be the private one, just as it is for most private companies and many public companies. If I want to sell shares in my company, I find a buyer.... I don't need to take them to any public market.

Cheers Crops

[greenginger]

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Including Hibs. If you want to buy shares in Hibs, you find someone who has some and acquire them from that holder. Alternatively you can write to Hibs, as there is one employee who passes on to applicants any shares that have been returned.

The potential offence with Hearts and their recent issue is the failure to comply with Companies Act 2006 s555 / s557 (registering allotment of shares). That should have been done within a month of when the share issue closed, just before Christmas. The penalty for that is only a fine though. That said, I'm not exactly sure why they haven't bothered to do this, other than saving some relatively minor administrative costs of compliance. Cock-up is far more likely than conspiracy IMO (like much else of their off-field management recently).

Hearts are registered as a PLC whereas Hibs are a limited company.

Does that make any difference how a new share issue should be managed ?

[leithsansiro]

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I thought that was a spoof. Then I realised it was real. The result ? I spluttered my soup all down my shirt. Was it worth it ? Too right it was. Classic !

So did I!!

They can paint it all they like. As the saying goes, sprinkling glitter on dog's dirt doesn't make it any more beautiful!

[Mon Dieu4]

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Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

That is an absolute stoater of a thread and the best 20 mins I've spent in ages Haha

[AinsterHibs]

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Love how the 'A rallying call' thread on kickback has descended into open warfare. :-)

Very true, infighting. denial and accusatory insulting abound. Like the Rovers after a scandal - not that I watch that pi$h, often. :)

[Hermit Crab]

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That is an absolute stoater of a thread and the best 20 mins I've spent in ages Haha

A post from the said thread.

rudi, on 10 June 2013 - 06:17 PM, said:


What about the fans who have been desperately concerned about the club for years, hmmm, was it okay to have a right go at them when myself and others could see the bigger picture, but hey 5-1.

I'm not sure I understand what you mean mate. If you mean that the club has been mismanaged financially under Vlad then few could argue but we were up the creek before he arrived and we're up the creek now. The small matter of two Scottish cups and loads of other memories over the last ten years make it all worthwhile.

[Sanger]

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Hearts are registered as a PLC whereas Hibs are a limited company.

Does that make any difference how a new share issue should be managed ?

shares must be registered to HMfC to make them legal part of total capital otherwise they are not and worthless and not transferable.

[bodoglimt]

Latest scotsman report states that the £110k is a shortfall in the 1st £500k tranch in payments to HMRC

Over to our financial gurus

[bodoglimt]

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Latest scotsman report states that the £110k is a shortfall in the 1st £500k tranch in payments to HMRC

Over to our financial gurus

Oops that should be £100K

[WeeWendy]

Is this new - it explains the £100k

[clerriehibs]

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Latest scotsman report states that the £110k is a shortfall in the 1st £500k tranch in payments to HMRC

Over to our financial gurus

Oh, pllllllllease let it be so!