Share Transfers Agreed/Cooling off period

[Billy Whizz]

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They can be relegated whilst still in administration, and be liquidated later.

Can they be kicked out the League Cup if they are liquidated as well!
Clutching at straws now

[CropleyWasGod]

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Liquidation means the loss of Tynecastle. That's the one for me.

It doesn't necessarily, if someone decides to buy Tynie as a football stadium and rent it to them.

[portycabbage]

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Just hearing that they have agreed a CVA.










Forthwith, their new designation will be: Consenting Vagina Avoiders.

I think the above amendment works as well.

[Leithenhibby]

I needed cheering up tonight and this thread just keeps delivering

Pleasing.........

GnDn.jpg

[AndyB_70]

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I needed cheering up tonight and this thread just keeps delivering

Pleasing.........

GnDn.jpg

I so would ;)

[greenginger]

Just a thought on the frozen Yam shares and a way the Merricks might use to get round the problem.

Could the UBIG administrator enter into an agreement to sell the shares to FoH once they become unfrozen . Would a signed contract with an agreed price to acquire the frozen shares be enough to allow the CVA to proceed, that's assuming that there is also enough cash on the table to satisfy the Secured Creditor ?

[Gus Fring]

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Just a thought on the frozen Yam shares and a way the Merricks might use to get round the problem.

Could the UBIG administrator enter into an agreement to sell the shares to FoH once they become unfrozen . Would a signed contract with an agreed price to acquire the frozen shares be enough to allow the CVA to proceed, that's assuming that there is also enough cash on the table to satisfy the Secured Creditor ?

That would imply they will become unfrozen. We don't know what clad and his cronies were upto yet but I'm betting it wasn't kosher. " innocent men don't run"

[clerriehibs]

We gave them a confidence boost in August that set them on a wee run, along with something like £90,000 for their coffers.

This week, we've given them another confidence boost,just as they were on a count of 9 - and set them up for a further c. £200, 000 to see them through a wee bit longer.

Another two games against us (likely) may well be exactly what they need to see them through to the end of the season and still in the top division.

Which is actually as sickening as the simple fact of losing to them when we shouldn't.

[Hibrandenburg]

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We gave them a confidence boost in August that set them on a wee run, along with something like £90,000 for their coffers.

This week, we've given them another confidence boost,just as they were on a count of 9 - and set them up for a further c. £200, 000 to see them through a wee bit longer.

Another two games against us (likely) may well be exactly what they need to see them through to the end of the season and still in the top division.

Which is actually as sickening as the simple fact of losing to them when we shouldn't.

One more reason why we need a top 6 finish.

[#FromTheCapital]

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We gave them a confidence boost in August that set them on a wee run, along with something like £90,000 for their coffers.

This week, we've given them another confidence boost,just as they were on a count of 9 - and set them up for a further c. £200, 000 to see them through a wee bit longer.

Another two games against us (likely) may well be exactly what they need to see them through to the end of the season and still in the top division.

Which is actually as sickening as the simple fact of losing to them when we shouldn't.

Unless we draw them in the Scottish cup they'll only make any money from us once more this season, and that's a guaranteed fixture in March before the split (on the assumption they're not liquidated by then). If we finish in the bottom six then the last derby of the season will be at ER. If you're talking purely about confidence boosts I'd like to think that Wednesday night will be the last time they beat us this season. Lets not forget how awful they are and how lucky they were on Wednesday

[StevieC]

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and set them up for a further c. £200, 000 to see them through a wee bit longer

I was saying this to a friend before the game, although I calculated it to be nearer 100,000 due to the teams playing and it being a midweek evening game, and how they'd have been laughing all the way to the bank if they got through.

[greenginger]

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That would imply they will become unfrozen. We don't know what clad and his cronies were upto yet but I'm betting it wasn't kosher. " innocent men don't run"

I would have thought the shares would have to become unfrozen sometime. Be it 3, 5, or 15 years, if they have an agreement in place to acquire them is that enough for a CVA to progress.

UBIG have 49.47% of the shares so if FoH get every other share they could have majority holding.

Can someone please tell me this won't work .

[Mon Dieu4]

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I would have thought the shares would have to become unfrozen sometime. Be it 3, 5, or 15 years, if they have an agreement in place to acquire them is that enough for a CVA to progress.

UBIG have 49.47% of the shares so if FoH get every other share they could have majority holding.

Can someone please tell me this won't work .

vlads niece has another 15% does she not? so wouldn't be a major share holding

[Ozyhibby]

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I would have thought the shares would have to become unfrozen sometime. Be it 3, 5, or 15 years, if they have an agreement in place to acquire them is that enough for a CVA to progress.

UBIG have 49.47% of the shares so if FoH get every other share they could have majority holding.

Can someone please tell me this won't work .

If they shares are frozen then it would be difficult to strike a deal to sell them if someone else has a claim on them.

[dangermouse]

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I would have thought the shares would have to become unfrozen sometime. Be it 3, 5, or 15 years, if they have an agreement in place to acquire them is that enough for a CVA to progress.

UBIG have 49.47% of the shares so if FoH get every other share they could have majority holding.

Can someone please tell me this won't work .

There are another 10% of shares (certificates yet to be issued) "owned" by Joe Public with the money resting in an overseas account somewhere. I'd imagine they'd be quite difficult to come by.

[Leithenhibby]

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I would have thought the shares would have to become unfrozen sometime. Be it 3, 5, or 15 years, if they have an agreement in place to acquire them is that enough for a CVA to progress.

UBIG have 49.47% of the shares so if FoH get every other share they could have majority holding.

Can someone please tell me this won't work .

Do they though?
Has it been confirmed that UBIG have the shares?, it's a long shot for sure, but maybe they have gone elsewhere! Just maybe

[mutley]

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Unless we draw them in the Scottish cup they'll only make any money from us once more this season, and that's a guaranteed fixture in March before the split (on the assumption they're not liquidated by then). If we finish in the bottom six then the last derby of the season will be at ER. If you're talking purely about confidence boosts [B] i'd like to think that Wednesday night will be the last time they beat us this season. [\B] Lets not forget how awful they are and how lucky they were on Wednesday

I think we all thought that after the last defeat earlier this season !

[Keith_M]

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.....If you're talking purely about confidence boosts I'd like to think that Wednesday night will be the last time they beat us this season. Lets not forget how awful they are and how lucky they were on Wednesday

Well, they're two-for-two so far this season, so I really don't share your confidence.

[RickyS]

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Well, they're two-for-two so far this season, so I really don't share your confidence.

me neither, with mupPAT in charge they will be confident we wont beat them this season, an easy 6 points. I would if i was a puddle drinker

[AndyB_70]

No one has updated the status of the YAMs demise since yesterday afternoon. It was lurking down on page 2. Did something happen to yesterday that made us all focus 100% on Hibs? Shame on you all

[gorgie greens]

because Hearts went into admin before the season 2013/2014 started they got a 15 point deduction,so does that mean at the end of the season hopefully they should be relegated,if saying that with the legal cases going on regarding financial wrong doing and the frozen shares they may well still be in admin,would they then incur another 15 point deduction going in to the following season or is that just wishfull thinking on my part

[brog]

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because Hearts went into admin before the season 2013/2014 started they got a 15 point deduction,so does that mean at the end of the season hopefully they should be relegated,if saying that with the legal cases going on regarding financial wrong doing and the frozen shares they may well still be in admin,would they then incur another 15 point deduction going in to the following season or is that just wishfull thinking on my part

You're correct, they'll be hit with another penalty if still in admin at end of his season.

[Onceinawhile]

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You're correct, they'll be hit with another penalty if still in admin at end of his season.

I assume that it'll be a third of their gross points total rather than net of the current 15 point deduction?

[gorgie greens]

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I assume that it'll be a third of their gross points total rather than net of the current 15 point deduction?

they might end up getting a points start because at this rate they might end the season still on a minus points total

[matty_f]

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I assume that it'll be a third of their gross points total rather than net of the current 15 point deduction?

I think the 15 points is the minimum.

[Mikey]

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I think the 15 points is the minimum.

Yep. The race to zero will start all over again

[hibees 7062]

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I think the 15 points is the minimum.

And the -12 from sevco , -27 and counting

[mutley]

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And the -12 from sevco , -27 and counting

Double relegation , now that I would find very "pleasing"

[Hermit Crab]

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Double relegation , now that I would find very "pleasing"

What would be even more pleasing would be to officially relegate them in the last derby of the season. That would be the ultimate daffy duck gif moment.

[Glory Lurker]

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What would be even more pleasing would be to officially relegate them in the last derby of the season. That would be the ultimate daffy duck gif moment.

Where's your ambition, man? Is there no way we could relegate them on 2 Jan?