Share Transfers Agreed/Cooling off period

**Kaiser1962** · 31-07-2013 05:37 PM

Originally Posted by Www1875hfc

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

Heart of Midlothian F.C. 1874 - 2013...........embarrassed by nothing, offended by everything.

The original HMFC was founded in 1874 and incorporated in 1903 about a month earlier than Hibs. That 1874 incarnation, however, folded in March 1905 and started as a Newco in April 1905. If you recall the Rangers fiasco in that, in Scots Law, the corporate entity is inseperable from the club then this incarnation of the Yams is the original Sevco. The yams proudly claim titles won in 1895 1897 and Cups won in 1894,1899 and 1904 (yes, they went bust a year after winning a Scottish Cup, spooky or what?) whilst claiming Sevco are a new start with no history.

*Yes we folded in 1891 but we were not an incorporated body at the time so we were able to pick up where we left off.

**Onceinawhile** · 31-07-2013 05:39 PM

Originally Posted by Hibercelona

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

From the charities perspective, they simply got back what they were owed. From the clubs perspective, absolutely shameful relying on a fan to pay off this figure, while they splash thousands out on players they can't afford.

Agreed, but giving the guy that paid it abuse?

**HUTCHYHIBBY** · 31-07-2013 05:41 PM

Originally Posted by Antwerphibs

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

Agreed, but giving the guy that paid it abuse?

Thought it was a tad harsh myself.

**~~Hibercelona~~** · 31-07-2013 05:42 PM

Originally Posted by Antwerphibs

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

Agreed, but giving the guy that paid it abuse?

I don't think anybody is giving the fan any abuse. Certainly not on here anyway.

***Caversham Green*** · 31-07-2013 05:44 PM

Originally Posted by Mon Dieu4

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

Just managed to read the BDO release, only a few pages in and there are mistakes already, they are referring to the FSA, that changed to the FCA in April, pedantic I know but would expect them to know something like that for a kick off

A much bigger mistake is the share capital. They're showing it as 146m shares of £1 each =£146m. It's actually 146m shares of 10p each = £14.6m.

You can't get the staff these days.

***Mikey*** · 31-07-2013 05:45 PM

There's a glaring error in that document. In fact, it's an absolute stonker.

How much are BDO helping themselves to in fees?

***Mikey*** · 31-07-2013 05:46 PM

Originally Posted by Caversham Green

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

A much bigger mistake is the share capital. They're showing it as 146m shares of £1 each =£146m. It's actually 146m shares of 10p each = £14.6m.

You can't get the staff these days.

Beat me to it

**kdhibees1** · 31-07-2013 05:46 PM

Originally Posted by Antwerphibs

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

Agreed, but giving the guy that paid it abuse?

Banter, just pure banter!

***CropleyWasGod*** · 31-07-2013 05:47 PM

Originally Posted by Mikey

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

There's a glaring error in that document. In fact, it's an absolute stonker.

How much are BDO helping themselves to in fees?

Think they say in there £189k thus far.

***Mikey*** · 31-07-2013 05:48 PM

Originally Posted by CropleyWasGod

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

Think they say in there £189k thus far.

Well for all we know that could be £1.89, £18.90, £1890.00, or anywhere the decimal point decides to fall. That seems to be how they work things out.

***CropleyWasGod*** · 31-07-2013 05:51 PM

Originally Posted by Mikey

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

Well for all we know that could be £1.89, £18.90, £1890.00, or anywhere the decimal point decides to fall. That seems to be how they work things out.

Page 9, para 11.

"we do not intend to draw a fee until it has been agreed with the secured creditor"

should read "we do not intend to draw a fee until we can get our calculator working."

***lapsedhibee*** · 31-07-2013 05:52 PM

Originally Posted by Mikey

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

How much are BDO helping themselves to in fees?

They're promising not to help themselves to the "ring-fenced" £48k raised in bake sales for their fees unless it's absolutely necessary for them to do so.

***Baldy Foghorn*** · 31-07-2013 05:53 PM

I don't understand how they owe all that spondooly?? Thought they were self sufficient.....Im confused

**Prof. Shaggy** · 31-07-2013 05:57 PM

Originally Posted by HUTCHYHIBBY

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

The boy with the Duff Beer looks like Daniel Sloss' big brother (if he has one).

Actually looks frighteningly like my namesake's big brother.

***Caversham Green*** · 31-07-2013 05:59 PM

Originally Posted by CropleyWasGod

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

Page 9, para 11.

"we do not intend to draw a fee until it has been agreed with the secured creditor"

should read "we do not intend to draw a fee until we can get our calculator working."

I thought they were taking it out of the ST sales...

***Keith_M*** · 31-07-2013 06:00 PM

The article in the Herald has the BDO fees so far as £227,000

This is an interesting quote from the article:

"The Lady Haig Poppy Factory in Edinburgh is owed £185. A spokeswoman stressed this was not a public donation that had not been handed over but an unpaid purchase from the factory, most likely to be a wreath."

Now, call me suspicious but wouldn't it be ironic if they bought this wreath for The Hearts War Memorial and it had never been paid for. Especially considering how much they've played up to this in recent years

***Mikey*** · 31-07-2013 06:02 PM

Originally Posted by Caversham Green

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

I thought they were taking it out of the ST sales...

I think they're trying to drive up the price of Holt to cover their fees. Didn't CWG say that

**BarneyK** · 31-07-2013 06:07 PM

Just have to say - well done CWG for breaking this story and in doing so showing the mainstream media how they should be doing their jobs. See them all jump on it now, mind. They'd be none the wiser if it weren't for our resident .net experts.

***Mikey*** · 31-07-2013 06:12 PM

Originally Posted by keekaboo

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

The article in the Herald has the BDO fees so far as £227,000

This is an interesting quote from the article:

"The Lady Haig Poppy Factory in Edinburgh is owed £185. A spokeswoman stressed this was not a public donation that had not been handed over but an unpaid purchase from the factory, most likely to be a wreath."

Now, call me suspicious but wouldn't it be ironic if they bought this wreath for The Hearts War Memorial and it had never been paid for. Especially considering how much they've played up to this in recent years

It seems that the McCrae Battalion Trust have settled this, meaning MBT are out their own money and this amount too.

Maybe one of the mouthpiece's who repeatedly told us that Hearts were self sufficient should square them up. David Southern would be a good place to start seeing as he had the power to pay them while he was in charge.

***CropleyWasGod*** · 31-07-2013 06:14 PM

Originally Posted by keekaboo

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

The article in the Herald has the BDO fees so far as £227,000

T
s

Good old Herald. Never one to let the truth stand in the way of a good headline. (sorry, I've had dealings with them in another part of my life).

Their figure includes VAT. Hearts will pay the £227k, and reclaim the VAT. The net cost will be £189k.

**Craig_in_Prague** · 31-07-2013 06:15 PM

so tomorrow is the hearing & decision on their 'penalty' ?
hope its a fine :)

**~~Hibercelona~~** · 31-07-2013 06:17 PM

Originally Posted by Craig_in_Prague

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

so tomorrow is the hearing & decision on their 'penalty' ?
hope its a fine :)

A fine would be meaningless. Further point deductions would be nice.

***lapsedhibee*** · 31-07-2013 06:18 PM

Originally Posted by CropleyWasGod

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

Good old Herald. Never one to let the truth stand in the way of a good headline. (sorry, I've had dealings with them in another part of my life).

Their figure includes VAT. Hearts will pay the £227k, and reclaim the VAT. The net cost will be £189k.

***CropleyWasGod*** · 31-07-2013 06:18 PM

Originally Posted by Hibercelona

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

A fine would be meaningless. Further point deductions would be nice.

That would be outwith the SFA's powers.

Originally Posted by lapsedhibee

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

***Keith_M*** · 31-07-2013 06:18 PM

Originally Posted by Mikey

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

It seems that the McCrae Battalion Trust have settled this, meaning MBT are out their own money and this amount too.

Maybe one of the mouthpiece's who repeatedly told us that Hearts were self sufficient should square them up. David Southern would be a good place to start seeing as he had the power to pay them while he was in charge.

Thanks, that backs up my theory then that a representative of Hearts laid a Wreath on the War Memorial for which the club never paid a penny.

In anybody's language, that's absolutely shameful; especially so considering the club themselves have mentioned the sacrifice of the McRaes Battalion in order to rally the modern day troops to give them money.

Heart of Midlothian, The Club with No Shame!

**HUTCHYHIBBY** · 31-07-2013 06:19 PM

Originally Posted by CropleyWasGod

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

"we do not intend to draw a fee until it has been agreed with the secured creditor"

Phew, I can sleep at night now, been wondering when that would surface.

**21.05.2016** · 31-07-2013 06:19 PM

Originally Posted by Hibercelona

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

A fine would be meaningless. Further point deductions would be nice.

Knowing the SPFL though it'll be some petty wee "punishment" and the yams will walk out breathing a sigh of relief.

**Springbank** · 31-07-2013 06:19 PM

Originally Posted by Sconaldo

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

They're even due money to the British Red Cross & Macrae's & the Poppy Fund..?

banner potential....

Hearts are Cheats

Lest We Forget

***CropleyWasGod*** · 31-07-2013 06:20 PM

Originally Posted by NumberSeven

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

Knowing the SPFL though it'll be some petty wee "punishment" and the yams will walk out breathing a sigh of relief.

Cough.

It's the SFA.

Cough

**21.05.2016** · 31-07-2013 06:21 PM

Originally Posted by keekaboo

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

Thanks, that backs up my theory then that a representative of Hearts laid a Wreath on the War Memorial for which the club never paid a penny.

In anybody's language, that's absolutely shameful; especially so considering the club themselves have mentioned the sacrifice of the McRaes Battalion in order to rally the modern day troops to give them money.

Heart of Midlothian, The Cub with No Shame!

Horrible, grotty, lying, moral less institution with absolutely no shame.

Originally Posted by CropleyWasGod

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

Cough.

It's the SFA.

Cough

Sorry lol even still I still expect them to take a very lenient approach to the that mob tomorrow unfortunately.