Share Transfers Agreed/Cooling off period

[Fat Penlon]

Someone better get a move on and sort this mess out! The fixture list pullouts are being printed in this weekends papers. A total waste if they are all wrong. SPFL are making a rod for their own back by not sorting this out sooner.

[jacomo]

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Possible, i also seen it described as SMSM. Mind you that was from Celtic fans. Look how they spell Celtc

That display is both loathsome and funny in equal measure. Celtc - never as classy as they'd have you believe.

[therealgavmac]

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Someone better get a move on and sort this mess out! The fixture list pullouts are being printed in this weekends papers. A total waste if they are all wrong. SPFL are making a rod for their own back by not sorting this out sooner.

[HFC 0-7]

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That's the key here. Nobody is coming close to an offer in the CVA that meets the value of the land. Quickly move to liquidation do not pass go!

just because the CVA doesnt amount to the value of security doesnt mean liquidation, I could see FOH looking to seperate the club from stadium, sell stadium to satisfy the secured creditor then go for a CVA for the rest of the club.

[Bostonhibby]

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That display is both loathsome and funny in equal measure. Celtc - never as classy as they'd have you believe.

Thread hijack but what the hell I will have a go same as last time this legendary banner came up.

"celtc, as good at litricy as we are at dentastry"

[Sanger]

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just because the CVA doesnt amount to the value of security doesnt mean liquidation, I could see FOH looking to seperate the club from stadium, sell stadium to satisfy the secured creditor then go for a CVA for the rest of the club.

Rest of club worth sweet FA and then where do they play? Suppose rent somewhere. It's a strategy I have suggested on here earlier. But the renting and leaving Tynie possibly a bridge to far for FOH.

[HFC 0-7]

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Rest of club worth sweet FA and then where do they play? Suppose rent somewhere. It's a strategy I have suggested on here earlier. But the renting and leaving Tynie possibly a bridge to far for FOH.

I think the hoardes would go for the selling of tynie seperately from the club if it meant a CVA was possible and staying in the top flight rather than the newco route. IMO a CVA in that instance would probably go through as liquidation without Tynie wouldnt produce much money. I suppose it all comes down to whether they can propose a CVA to UBIG given everything is frozen and whether Ukio would accept the CVA for the remainder of their debt that isnt secured and make an example of them.

[Kato]

I think the Hearts fans deserve some credit recently. The quiet, dignified manner at which they have protested against, amongst other things, being lied to by David Southern about a share issue scam, seeing one of their hero's being duped into fronting said scam, being urged by David Southern to buy, probably, worthless season tickets hours before they went into administration, being lied to by David Southern re their financial status as being "self-suffcient" and being lied to by a local journalist re claims of a million being handed over by their main sponsor. They have protested against these things, haven't they?

[Sanger]

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I think the hoardes would go for the selling of tynie seperately from the club if it meant a CVA was possible and staying in the top flight rather than the newco route. IMO a CVA in that instance would probably go through as liquidation without Tynie wouldnt produce much money. I suppose it all comes down to whether they can propose a CVA to UBIG given everything is frozen and whether Ukio would accept the CVA for the remainder of their debt that isnt secured and make an example of them.

The club is worthless and the FOH and Bob's bid are essentially for the Stadium. FOH plans are to stay there and Bob wants to sell and use the proceeds to part fund a new stadium. I don't think the selling the stadium and giving the money to Ukio/UBIG is in their plans.

[clerriehibs]

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We''ll cerainly get a clear steer from BDO preparing the ground letting them down gently. They don't want mass crying again a la Dens!



Think the Massone bid is almost acceptable to them but of course they have to sell the club as a going concern. If he can show concretely how he is going to fund club then he is the preferred bidder. But this is unlikely as well the fit person stuff. So it is over to liquidation.

Surely it's not good enough for the creditors to agree a CVA though

[The Falcon]

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A few minor corrections.

UKIO have a fixed charge on the stadium, plus (possibly) a floating charge on the rest of the assets. UBIG also, possibly, have a floating charge on the assets.
.

Would that include £10m pound man Jason Holt?

[Just Alf]

Now that they've raided the bairns piggy banks the Yams are now trying to get the bairns to PAY to be a mascot on match days... £250-£350 a pop!

http://www.heartsfc.co.uk/articles/2...241384_3325696

oh ma sides!..... how low can these guys go?

[Kato]

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Now that they've raided the bairns piggy banks the Yams are now trying to get the bairns to PAY to be a mascot on match days... £250-£350 a pop!

http://www.heartsfc.co.uk/articles/2...241384_3325696

oh ma sides!..... how low can these guys go?

That's low but I'm confident they won't be sticking at that.

[Twa Cairpets]

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Now that they've raided the bairns piggy banks the Yams are now trying to get the bairns to PAY to be a mascot on match days... £250-£350 a pop!

http://www.heartsfc.co.uk/articles/2...241384_3325696

oh ma sides!..... how low can these guys go?

"After considerable research..."
Meaning
"We couldn't believe how meekly you craven muppets have rolled over and allowed yourselves to be Lockeyed on time after time we thought here's another way to fleece you shamelessly"

[ancient hibee]

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The club is worthless and the FOH and Bob's bid are essentially for the Stadium. FOH plans are to stay there and Bob wants to sell and use the proceeds to part fund a new stadium. I don't think the selling the stadium and giving the money to Ukio/UBIG is in their plans.

As the stadium can't be sold without the secured creditor's sayso-nothing much is going to happen then.

[JoeTortolanoFanClub]

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Now that they've raided the bairns piggy banks the Yams are now trying to get the bairns to PAY to be a mascot on match days... £250-£350 a pop!

http://www.heartsfc.co.uk/articles/2...241384_3325696

oh ma sides!..... how low can these guys go?

That will net them about £5k in total in a season. I wonder what the cost will be to their reputation. Or perhaps they are past caring. Desperate.

[weecounty hibby]

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That will net them about £5k in total in a season. I wonder what the cost will be to their reputation. Or perhaps they are past caring. Desperate.

Seriously though, what reputation? The reputation for stealing money from their own charities and fans. Or the reputation for screwing UK and Lithuanian taxpayers. Or the reputation for bumping creditors both big and small. Or the reputation for repeatedly employing known sex offenders. Or the reputation for being the thickest bunch of football fans on Earth. Or the reputation for being the smuggest fans on Earth for no real reason. Or the reputation for being the most deluded fans on the planet

[hibbymac]

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Now that they've raided the bairns piggy banks the Yams are now trying to get the bairns to PAY to be a mascot on match days... £250-£350 a pop!

http://www.heartsfc.co.uk/articles/2...241384_3325696

oh ma sides!..... how low can these guys go?

Ridiculous, .... we only charge £139

[big gogs]

regarding the sale of tynecastle,once the stadium is sold and the administrators get paid from the sale,the bill must be half a million at present,,anybody hearts are owe money to will receive a smaller payment,if anything at all. I stand to be corrected on this.the only winners will be b.d.o. and us.

[Dunderhall]

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I think the Hearts fans deserve some credit recently. The quiet, dignified manner at which they have protested against, amongst other things, being lied to by David Southern about a share issue scam, seeing one of their hero's being duped into fronting said scam, being urged by David Southern to buy, probably, worthless season tickets hours before they went into administration, being lied to by David Southern re their financial status as being "self-suffcient" and being lied to by a local journalist re claims of a million being handed over by their main sponsor. They have protested against these things, haven't they?

They could do well to look at the spin FoH have slowly spun them over time

Originally it started as own the club debt free, pledges go towards funding club going forward.
Club owned by the supporters etc.

A few are starting to realise now they are effectively funding the capital, under unknown conditions attached, to buy the club for someone(s) and buy it back from someone(s) unknown. Hard to imagine the loan not being secured.
After some unknown period the pledges of those remaining may go to the club as revenue.
Nobody from the board of FoH will take a salary, but nothing mentioned about the board of Hearts who are appointed by ... guess who.

All done by drip feeding in small amounts.
Transparent, really?

Hopefully none of it will matter anyway.

[brog]

Ay

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I think the Hearts fans deserve some credit recently. The quiet, dignified manner at which they have protested against, amongst other things, being lied to by David Southern about a share issue scam, seeing one of their hero's being duped into fronting said scam, being urged by David Southern to buy, probably, worthless season tickets hours before they went into administration, being lied to by David Southern re their financial status as being "self-suffcient" and being lied to by a local journalist re claims of a million being handed over by their main sponsor. They have protested against these things, haven't they?

4 of us from London Hibs were out golfing today & had a very similar conversation. David Southern has, IMO, so far had an easy ride from the media & the football authorities. As you say, he presided over a fraudulent share issue, he stated Yams were self sufficient a week or 2 before they went bust & yet he has never been held accountable. Before someone comes on & tells us there's nothing SPFL can do surely a charge of bringing the game into disrepute is available as a minimum. As we Hibs fans know that action has been taken in the past for much minor misdemeanours.

[CropleyWasGod]

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Ay

4 of us from London Hibs were out golfing today & had a very similar conversation. David Southern has, IMO, so far had an easy ride from the media & the football authorities. As you say, he presided over a fraudulent share issue, he stated Yams were self sufficient a week or 2 before they went bust & yet he has never been held accountable. Before someone comes on & tells us there's nothing SPFL can do surely a charge of bringing the game into disrepute is available as a minimum. As we Hibs fans know that action has been taken in the past for much minor misdemeanours.

Is DS a director? If he is, he could be held accountable for the bit in bold under the law. Even if he isn't, and he was complicit in it, he could be in trouble.

[CyberSauzee]

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Ay

4 of us from London Hibs were out golfing today & had a very similar conversation. David Southern has, IMO, so far had an easy ride from the media & the football authorities. As you say, he presided over a fraudulent share issue, he stated Yams were self sufficient a week or 2 before they went bust & yet he has never been held accountable. Before someone comes on & tells us there's nothing SPFL can do surely a charge of bringing the game into disrepute is available as a minimum. As we Hibs fans know that action has been taken in the past for much minor misdemeanours.

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Is DS a director? If he is, he could be held accountable for the bit in bold under the law. Even if he isn't, and he was complicit in it, he could be in trouble.

The SPFL is becoming a laughing stock by not taking any action against this farcical 'institution' and their representatives. They have lied and lied and are clearly incapable of running a club in an honest fashion. Minor leagues in England require a bond from clubs with a questionable financial record (i.e. a chance of going bust) before they take part in any league fixtures. Doncaster has just given himself a pay-rise, but does he have any intelligence to suggest to a club like Hearts that they must provide some capital up front before they even kick a ball come 3rd August?

[mutley]

What I can't understand is the yams that bought shares don't seem to care that they were ripped off.
If this had happened at ER we would probably have torn the place apart to get our shares by now.

[sidneyhibbie]

Sidney speaks now listen they are doomed its over Bye Bye Cheats my letters have assisted in their demise feel the pain yams.

[Jack]

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Sidney speaks now listen they are doomed its over Bye Bye Cheats my letters have assisted in their demise feel the pain yams.

Its about time you started copying these letters up here and the replies you get.

[CyberSauzee]

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Sidney speaks now listen they are doomed its over Bye Bye Cheats my letters have assisted in their demise feel the pain yams.

CyberSauzee wants to know what your tipple is tonight Sidney?

[SmashinGlass]

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Sidney speaks now listen they are doomed its over Bye Bye Cheats my letters have assisted in their demise feel the pain yams.

I'm assuming you didn't heed last night's advice to put down your drink and retire?....

[HUTCHYHIBBY]

Sidney is becoming a legend in his own lunchtime!

[FranckSuzy]

Can anyone photoshop this to read 'I Love Sidney'?

The Tache.jpg