Share Transfers Agreed/Cooling off period

***mikewynne*** · 02-07-2013 05:59 PM

Originally Posted by Dashing Bob S

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What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)

His contract ended last month and wasn't renewed.

**Glesgahibby** · 02-07-2013 06:12 PM

Latest from nowayback,
ticket office has ran out of season ticket/cards but it's ok they are due in the same time as the share certificates

***DaveF*** · 02-07-2013 06:17 PM

Originally Posted by CropleyWasGod

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If that is genuine, and I have my doubts

Not sure about its validity either, but here are the costs for placing Ad's on that site

http://uk.businessesforsale.com/uk/sell-a-business

You can put one up without paying....

**~~Sergey~~** · 02-07-2013 06:19 PM

Originally Posted by DaveF

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Not sure about its validity either, but here are the costs for placing Ad's on that site

http://uk.businessesforsale.com/uk/sell-a-business

You can put one up without paying....

It is valid, as there's a PDF doing the rounds on KB

***Kato*** · 02-07-2013 06:20 PM

Originally Posted by Glesgahibby

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Latest from nowayback,
ticket office has ran out of season ticket/cards but it's ok they are due in the same time as the share certificates

....and the new strips...
....and goodwillie......
....and boyd......
....and wotherspoon....
....and the new owners.....
....and two world cup stars....
....and...on...and...on..an....

**green is good** · 02-07-2013 06:24 PM

Originally Posted by Kato

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....and the new strips...
....and goodwillie......
....and boyd......
....and wotherspoon....
....and the new owners.....
....and two world cup stars....
....and...on...and...on..an....

You can fool some of the people all of the time, and all of the people some of the time, but you can fool all of the hertz fans all of the time.

**Gus Fring** · 02-07-2013 06:39 PM

Originally Posted by Dashing Bob S

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What has happened to young full back Craig Thomson in all of this? Is he still at Kanuas or did he have his contract cancelled?

(I'm saying this not to start another tiresome done-to-death witch hunt against him, just genuinely curious as to what became of him.)

They held onto him until his contract expired paying him £4k a week. Probably the best a convicted child sex offender could hope for really.

**SquashedFrogg** · 02-07-2013 06:46 PM

Originally Posted by SkintHibby

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That's his personal secretary and she's my cousin.

Merely my personal view... IMO she's a munter....

**Dunderhall** · 02-07-2013 07:02 PM

Has anyone heard from the future PM* in respect of FoH recently.

*Pie Muncher, not the Personal Munter.

**mca** · 02-07-2013 07:03 PM

Originally Posted by Bajillions

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They held onto him until his contract expired paying him £4k a week. Probably the best a convicted child sex offender could hope for really.

Probably end with Playing in Thailand..

***nonshinyfinish*** · 02-07-2013 07:43 PM

Originally Posted by steakbake

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They play at the brilliantly named Stadion Wan.kdorf

I will never, ever, ever tire of this headline: http://espnfc.com/news/story?id=337901&cc=5739

***Northernhibee*** · 02-07-2013 07:59 PM

Originally Posted by nonshinyfinish

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I will never, ever, ever tire of this headline: http://espnfc.com/news/story?id=337901&cc=5739

I see your headline and I raise you this

http://uk.reuters.com/article/2010/0...6622I420100703

***Newry Hibs*** · 02-07-2013 08:01 PM

I see the new season kicks off on August 10th - 6 weeks away. Surely if an East Sevco want to be part of it they need to apply now to Div 3. This time last year there was at least Team 12 in the fixtures.

I wouldn't want to be any of the teams that would be 'rewarded' by a sudden promotion this close to the start of the season whteher it was because there is HOMFC at all or a newco.

***CropleyWasGod*** · 02-07-2013 08:03 PM

Originally Posted by Sergey

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It is valid, as there's a PDF doing the rounds on KB

I am unconvinced, Sergey.

I have seen the BDO-headed sale prospectus for the sale of the business, which may be what is being circulated. This feels different, though. Why, for example, haven't they marketed the assets in the same way as the business?

I have emailed Businesses For Sale, with a few pertinent question; the answers, if I get them, might sway me.

***nonshinyfinish*** · 02-07-2013 08:08 PM

Originally Posted by Northernhibee

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I see your headline and I raise you this

http://uk.reuters.com/article/2010/0...6622I420100703

**~~Sanger~~** · 02-07-2013 08:08 PM

Originally Posted by CropleyWasGod

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UKIO, and possibly UBIG, are secured and therefore have no say in a CVA.

what? They hold the bulk of the shares and have security over Tynie and club. So who has ? unsecured investors who are owed a tiny fraction of what UBIG/Ukio Bankas are? They'll try
A CVA to see what bids are out there. Which will amount to nothing serious real money. So liquidation.

**~~Sergey~~** · 02-07-2013 08:12 PM

Originally Posted by CropleyWasGod

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I am unconvinced, Sergey.

I have seen the BDO-headed sale prospectus for the sale of the business, which may be what is being circulated. This feels different, though. Why, for example, haven't they marketed the assets in the same way as the business?

I have emailed Businesses For Sale, with a few pertinent question; the answers, if I get them, might sway me.

I'm out of commission for a couple of days as I'm going sailing on a friends yacht, so I'll have to catch-up again on Thursday evening.

I got a communique from Kaunas this evening, but there's no new news.

***CropleyWasGod*** · 02-07-2013 08:13 PM

Originally Posted by Sergey

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I'm out of commission for a couple of days as I'm going sailing on a friends yacht, so I'll have to catch-up again on Thursday evening.

I got a communique from Kaunas this evening, but there's no new news.

Flash get.

Watch out for Chechen submarines. They're out to get you.

***CropleyWasGod*** · 02-07-2013 08:15 PM

Originally Posted by desantos0773

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what? They hold the bulk of the shares and have security over Tynie and club. So who has ? unsecured investors who are owed a tiny fraction of what UBIG/Ukio Bankas are? They'll try
A CVA to see what bids are out there. Which will amount to nothing serious real money. So liquidation.

The CVA is the easiest bit of all of this. The satisfaction of the secured creditors, and the unfreezing of the shares, are much more difficult.

I agree, though, about the L word becoming more likely.... especially if the advertisement about the sale of the property and assets is genuine.

**~~Sanger~~** · 02-07-2013 08:26 PM

Originally Posted by CropleyWasGod

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UKIO, and possibly UBIG, are secured and therefore have no say in a CVA.

Furthermore in any CVA vote secured creditors are given a proportion of the debt that their debts exceed the value if the assets of the CVA company. Ukio/UBIG are owed at least £25m And the value of the assets is around £8m so Ukio/UBIG are deemed to be owed £25m - £8m or £17m which is easily more than 75% of the debt of all the unsecured.

***CropleyWasGod*** · 02-07-2013 08:38 PM

Originally Posted by desantos0773

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Furthermore in any CVA vote secured creditors are given a proportion of the debt that their debts exceed the value if the assets of the CVA company. Ukio/UBIG are owed at least £25m And the value of the assets is around £8m so Ukio/UBIG are deemed to be owed £25m - £8m or £17m which is easily more than 75% of the debt of all the unsecured.

You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available

***Ozyhibby*** · 02-07-2013 08:45 PM

Found this on Kickback.
This bloke appears to understand but his post has been totally ignored and I suspect he will be banned promptly.

livingstonjambo, on 02 July 2013 - 05:44 PM, said:
Im pretty sure the Lithuanian government has frozen all of Romanov assets and would be able to sell them if they wished.

TheMaganator, on 02 July 2013 -
05.54 PM
Not without legal proceedings, I would not have thought.

The authorities here can freeze your assets and literally take the money out of your back pocket if they have reason to believe they are ill-gotten gains. But the punter would still have the opportunity to challenge the decision.

Granted, Lithuania is not Scotland but I doubt they can just freeze assets and sell them without legal proceedings. I could be wrong though.

***CropleyWasGod*** · 02-07-2013 08:49 PM

Originally Posted by Ozyhibby

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Found this on Kickback.
This bloke appears to understand but his post has been totally ignored and I suspect he will be banned promptly.

livingstonjambo, on 02 July 2013 - 05:44 PM, said:
Im pretty sure the Lithuanian government has frozen all of Romanov assets and would be able to sell them if they wished.

TheMaganator, on 02 July 2013 -
05.54 PM
Not without legal proceedings, I would not have thought.

The authorities here can freeze your assets and literally take the money out of your back pocket if they have reason to believe they are ill-gotten gains. But the punter would still have the opportunity to challenge the decision.

Granted, Lithuania is not Scotland but I doubt they can just freeze assets and sell them without legal proceedings. I could be wrong though.

They're both half-right. Don't think the Lith government can sell the assets.

**sidneyhibbie** · 02-07-2013 09:03 PM

Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds

***CropleyWasGod*** · 02-07-2013 09:05 PM

Originally Posted by sidneyhibbie

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Been busy today has Sidney i have written to council demanding under freedom off information act how much the yams are behind in commercial rates for the PBS and HWU. Also letter complaining about BDO.

Letters also posted to SFA And Doncaster and Regan regards the Wilson Signing.

Sidney takes no **** yam fuds

If you read Hibs.net properly, you'd have got the information about the rates for the PBS.

They don't pay rates for HWU.

What's the basis of your complaint about BDO?

**~~TornadoHibby~~** · 02-07-2013 09:08 PM

Originally Posted by CropleyWasGod

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You sure about that? I thought that secured creditors could only vote in a CVA to the extent that their debt is unsecured. UKIO have a fixed charge on the property, and a floating charge on the assets, so their debt is fully secured. UBIG, if it's valid, have a floating charge, and so are fully secured as well.

Academic, sure, because the secured creditors are not bound by the results of the vote. They still have, effectively, final say on whether the deal goes through. If the shares are available

Isn't the "secured" debt only secured if the realisable value of the secured assets exceed the outstanding secured debt!?

To the extent that the secured debt exceeds the realisable value of the related secured assets, I think that the excess debt is regarded as unsecured in an insolvency situation!

***CropleyWasGod*** · 02-07-2013 09:10 PM

Originally Posted by TornadoHibby

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Isn't the "secured" debt only secured if the realisable value of the secured assets exceed the outstanding secured debt!?

To the extent that the secured debt exceeds the realisable value of the related secured assets, I think that the excess debt is regarded as unsecured in an insolvency situation!

So how do you establish the realisable value of the assets without realising them?

**sidneyhibbie** · 02-07-2013 09:21 PM

Originally Posted by CropleyWasGod

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If you read Hibs.net properly, you'd have got the information about the rates for the PBS.

They don't pay rates for HWU.

What's the basis of your complaint about BDO?

The Wilson signing adding too their costs and not in interest of creditors Sidney has been busy reading up BDO Have broken rules.

**ScottB** · 02-07-2013 09:26 PM

Originally Posted by Sergey

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In simplistic terms, the ground and shares are akin to our 'Proceeds of Crime Act' and won't be dissolved until charges are brought and the case is resolved against Vlad and his merry bunch of cohorts. Given that Vlad is holed-up in Chechnya with an international arrest warrant in place, I don't see this sorting itself out in the foreseeable.

Years and not months by my reckoning.

I've thought for a long time that Hearts won't be sold for this very reason, liquidated and a totally new club being set up by one of the FOH esque groups seems likely...